BTC Mining Instruction

How to mine Bitcoin in paybitoPro?

General Overview:  

Bitcoin was the first cryptocurrency. It allows users to send and receive digital money called bitcoins (with a lowercase b, or BTC). What makes bitcoin highly appealing is its inherent resistance to censorship, the impossibility of double-spending funds, and the ability to conduct transactions anytime and anywhere.

Bitcoin uses a SHA256 encryption algorithm and has a total of 21 million blocks. Typically, one block is generated every 10 minutes and the reward is cut in half every 210,000 blocks. Currently, most mining pools distribute transaction fees to miners in addition to block rewards.

Basic Information

Items

Details

Website Bitcoin.org
Block explorer Blockchain.com
Total supply 21 million BTC
Algorithm SHA256d
Consensus Proof of Work
Block time 10 minutes
Current block rewards 6.25 BTC
Mining device ASIC miner

Hardware Requirement:-

  •  Bitcoin can be efficiently mined with SHA256d ASIC mining machines
  • Bitcoin cannot be efficiently mined with GPUs

How can I get started with BTC mining?

  • Create a wallet address :-   You’ll need a wallet address to check and receive payouts to mine Bitcoin with paybitoPro. You need to  create a BTC wallet address from the More option. Go to More->Generate Mining Address.  Yow will get a BTC address, copy it and save it somewhere. It will work for miner addresses.
  • Mining Configuration:-  
  • You have the BTC wallet address, so you can proceed to configure your mining device.  ASIC miners are the easiest mining devices to use compared to GPUs and CPUs, which are no longer profitable for mining bitcoin. No mining software is required to be run on your computer. All you need is the proper electricity setup to meet the power consumption requirements and a reliable internet connection. Please note that your ASICs should have a wired connection to your local network and that your computer and your ASICs should be on the same network. Use any modern browser that accesses the IP address of your machine, then connects to  paybitoPro pool  server. You’ll need to enter the following information into your mining device

 URL: stratum+tcp://poolpaybito.com:4042

Username: <<Your BTC wallet address>>

Password : Your choice

  • Check hashrates:- After the miners are up and running, the performance statistics are expected to be live in approximately 10 minutes or more.  You need to click more options and put the wallet address and you would get all the details including your balance/rewards .

ASICs take just a few steps to configure. Once you’ve configured your device and saved your settings, you’re ready to start mining and earning rewards.

 

 

paybito logo

Download the Mobile Apps

Contact Us

  (Max 120 Character)
  (Max 500 Character)
By checking this box, you agree to receive SMS messages from PayBitoPro. Reply STOP to opt out at any time. Reply HELP for customer care contact information. Message and data rates may apply. Message frequency may vary. Phone numbers collected for SMS consent will not be shared with third parties or affiliates for marketing purposes under any circumstance. Check out our Privacy Policy to learn more.
   

BitcoinBTC/USD

Ether CoinETH/USD

HCX CoinHCX/USD

BCH CoinBCH/USD

LitecoinLTC/USD

EOS CoinEOS/USD

ADA CoinADA/USD

Link CoinLINK/USD

BAT CoinBAT/USD

HBAR CoinHBAR/USD

+
Chat Now
Welcome to Paybito Support