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Cheapy-🪐🌭

/Filter /mining To mine Bitcoin Cash (BCH), you'll need:

Hardware: Use ASIC miners, like the Antminer series, designed for BCH’s SHA-256 algorithm. These can be quite expensive.
Mining software: Install programs like CGMiner or BFGMiner.
Join a mining pool: Solo mining is highly competitive and unlikely to yield rewards for individuals. Pools like ViaBTC or Antpool combine resources for more consistent earnings.
Wallet: Get a BCH wallet to receive rewards.
Energy & maintenance costs: Mining uses a lot of electricity, so your energy rates impact profitability.

Profitability?

High costs: ASICs are expensive, and electricity costs can eat profits.
Intense competition: Most profits go to large mining operations.
Unlikely to be profitable for individuals unless you have super-cheap electricity.

Essentially, when factoring in costs, small-scale mining is rarely profitable without major investment or low-cost power.

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Saved 1 filters in Bitcoin Cash (BCH): - /mining

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