How to Mine Bytom

What’s the Best Way to Mine Bytom?

Bytom is designed to have an ASIC-friendly attitude. That brings us to the most profitable way to mine it – through specialized ASIC mining hardware. At the time of writing this article, the only available ASIC miner on the market is Bitmain’s Antminer B3. Joining a pool will increase your chances of frequent incomes even more.

You may have come across statements that the Tensority algorithm is cracked and a single GPU (1080Ti) can outperform Bitmain’s device by providing higher hash rate at lower power consumption. Stay on the safe side and mine using ASICs for now. After all, a lot of money and time are involved, don’t waste them by believing rumors.

What do You Need to Start Mining Bytom?

In the field of mining, one of the most important things are the hardware equipment and the internet connection. Low latency connections can save you from stale or rejected shares and the stability can guarantee you uninterrupted mining process without downtime. Another important thing is to create a wallet, where you will manage your assets.

What Else to Consider Before Mining Bytom

Having in mind that Bytom is ASIC-minable, you should consider setting up appropriate cooling and ventilation, to guarantee yourself that your hardware is working safely and at peak performance. The devices’ fans produce a lot of noise, so soundproofing may be something you should take under advisement. We recommend checking out our specialized webpage Ventilation, cooling systems and noise solutions so you can benefit from our experts’ experience and ensure the best results for your mining operation.

To start mining, we would recommend joining a Bytom mining pool – this way you’ll team up with other miners. While you are going to split the reward, when a block is found by the pool, you will get regular payments. You can benefit from the fact that pool mining uses the hash rate of all participants in the pool. Additionally, rewards are obtained faster compared to solo mining.

At this point in time, Bytom isn’t available for cloud mining.

Something else to think of – your choice of wallet. Currently there is an official desktop Bytom wallet, which is available for all operating systems – Windows, Linux and Mac. You need to install it to perform operations like sending, receiving and exchanging coins.

Here’s a link to the latest version of Bytom wallet: (Bytom Official Wallet).

 

Best Hardware to buy

We hope to help you make the right call, according to your mining criteria, and that is why we recommend the Antminer B3. It’s one of the newest members of the Bitmain family announced in April 2018.

The device produces a hash rate of 780 H/s while consuming about 360W of power. The price is 1599 USD, which isn’t a small investment, but it’s definitely worth it. Currently there is only one Bytom compatible ASIC miner available on the market, but we expect new devices to be released in the near future.

Setup Software and Hardware / Configuration

Now let’s go over the step-by-step guide of how exactly to connect and configure your machine.

Cloud Mining

At the moment there are no cloud mining services available to mine bytom.

Bytom Mining Calculator

Our Bytom mining calculator aims to provide you with a rough estimation about how much you may gain when mining the Bytom coin.

You must be aware, that the values included in the calculations are variables. This means, that the result is subject to change, depending on market conditions at the moment of calculation. It’s best if you repeat the process again, provided you don’t start mining right after doing the calculations.

The only values you need to enter are the hashrate produced by your equipment, the power consumption and the pool fee. All other variables like network difficulty, block reward and coin price are automatically entered for your convenience. The values are synchronized with the momentary state of the market.

Finally, you will be able to get a result with your estimated profitability per hour, day, week, month or year.

Disclaimer: Bytom mining profitability depends on various factors like difficulty level, coin price and others, which change over time. The values provided by our calculator are rough estimates and not guaranteed.

FAQ

How many Bytom coins will be produced?

Currently, the max supply is capped at 1,407,000,000 BTM.

How to setup Bytom wallet?

You can check the tutorial in the official Bytom website: https://bytom.io/wallet/

What is Bytom’s mining algorithm?

Tensority is a PoW consensus algorithm, which implements all the pros of other blockchain algorithms and combats their shortcomings by using artificial intelligence.

How long does it take to mine 1 BTM? 

It depends from the hashrate produced by your hardware.

Is it profitable?

You can use our Bytom mining calculator to answer all your questions about profitability.