How much does it cost to mine 1 BSOV?
These are estimates that are calculated solely from the current gas prices of Ethereum (ETH) network which is used to mint BSOV tokens. There are also other factors that decide the cost of mining BSOV; like electricity cost, mining difficulty, mining unit cost.
Lowest mining cost
Calculated from the current SafeGasPrice and the normal gas limit of 100,000
Medium mining cost
Calculated from the current ProposedGasPrice and the normal gas limit of 100,000
High mining cost
Calculated from the current FastGasPrice and the normal gas limit of 100,000
% Mined of Max Supply
Remains to be mined
Not extremely difficult
Believe it or not – Mining is not that difficult for people who are already technical minded. It’s easy to learn with the instructions on this page. Nearly any computer can start mining BSOV, but the computers with high-end graphic cards are the ones which are the most efficient.
An ERC20 which is mineable = ERC918
Mining BitcoinSOV works differently than normal Bitcoin (BTC) or Ethereum (ETH) mining. In BSOV, the miners are not verifying transactions, and there is no consensus mechanism. BSOV mining is performed by interacting with the BitcoinSOV smart-contract, which provides the mathematical challenges. The BSOV smart-contract was copied from the open-source code of the cryptocurrency 0xBTC, which was the first mineable ERC20 token, creating a new token standard called ERC918.
- GPU = Less profitable.
- FPGA = More profitable.
- ASIC = Superior (Not yet produced – Do you know any ASIC-manufacturers who might be interested?)
Mining with GPUs
Recommended operating system right now is Windows and Linux. You can see an overview over user-submitted GPU stats to see how your graphic card can eventually perform. For the SoliditySHA3-algorithm that BitcoinSOV uses, usually Nvidia GPU’s (like Nvidia GTX 1080 Ti) are the most efficient.
FPGA – Get the most profitable miner
Buy the correct FPGA, with the correct power supply, and follow the guide below.
BSOV shares the same SoliditySHA3 algorithm as 0xBTC/0xToken. – MAKE SURE THE FPGA SUPPORTS THE CORRECT ALGORITHM.
BSOV is ASIC-friendly
ASIC (Application-specific integrated circuit) is a type of hardware that specializes at only one thing, and uses the most efficient method to perform specific tasks, like mining BSOV. ASICs are currently not produced for BSOV.
BSOV is ASIC-friendly, because the SoliditySHA3 algorithm implemented in BSOV’s immutable smart-contract, is one of the most energy-efficient algorithms. The algorithm of BSOV will never change due to BSOV’s immunity against hardforks. This fact can set ASIC-manufacturers at ease, and encourages production, commercialization and competition of more efficient hardware.
Are you a manufacturer or a distributor of ASICs? Maybe you’ve got some connections who want to get in early on the deflationary financial evolution of BSOV?
If you don’t have a an FPGA or GPU, you may find websites which rent out FPGA or GPU-servers.
Mining calculator – How much can you mine?
In the Stats-page, you will find a mining calculator.
BSOV Mining pools
Community Mining Pools
Anyone can create their own mining pool and get listed on this pool list. The fee listed here may not be updated/correct – Please make sure the fee is correct.
10% Fee – http://onlycash.ddns.net:13000 by @devkon69 (Contact on Telegram)
Foundation Mining Pool
The upcoming First BitcoinSOV Foundation (BSOV-F1) will soon release a mining pool with SovCube 2.0 integrated.
BSOV Mining Instructions
How to mine BSOV with FPGA
Usually you will need to use a mining pool with your FPGA. A tutorial for mining BSOV with FPGA is not created yet – Will you be the one who creates it?
How to Pool Mine (GPU)