Like Bitcoin, Bitcoin SV uses the SHA algorithm for mining, which is supported by BTC rigs such as the Antminer S17, Whatsminer M30, Innosilicon T3T, and.
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Sign Up. But why now? At the recently held The Future of Bitcoin Summit Bangkok in Thailand , Nguyen explained why it is important for the block size to begin scaling now —and scale fast: "In two years the block reward will be split in half again to 6. So anyone who's mining now will in two years receive half of what they're receiving today.
In order to maintain even current profitability, what that means is in two years they have to make up that 6. Explore the features of Bitcoin SV version 0.
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These RPC calls do not pass the entire block to mining pools which is more than double the size of the actual block when transmitted over the RPC interface. Instead, the candidate block header, proposed coinbase transaction, and coinbase Merkle proof are passed. This is the approximately the same data that is passed to hashing hardware via the Stratum protocol. A mining pool uses getminingcandidate to receive the previously described block information and a tracking identifier ID.
The ID is to be supplied back to the bitcoin node with submitminingsolution along with the associated block candidate. The miner can then create a new or modify the supplied coinbase transaction and many block header fields, to create different candidates for hashing hardware. It then forwards these candidates to the hashing hardware via Stratum.
How to mine Bitcoin SV
When a solution is found, the mining pool can submit the solution back to bitcoind via submitminingsolution. An example CPU-miner program is provided with bitcoind that shows a proof-of-concept use of these functions. This example may be of more use for people accessing these RPCs in higher level languages.