Cryptocurrency Mining For Dummies - Bitcore

Today on Cryptocurrency Mining For Dummies we take a look at mining Bitcore.

Bitcore

Bitcore (BTX) is a relatively new coin, launched on April 24, 2017. It uses a new mining algorithm, Timetravel 10, that has not been adopted by any other coins yet so it has remained under most peoples radar. Recently however, the price of Bitcore has been rising significantly. Rather than a quick pump and dump, there has been a prolonged steady increase. This combination of relative obscurity and strong upward price movement has presented an opportunity for crypto miners to make some money.

Mining Bitcore

For this example we will be using a Nvidia GTX 1050 Ti graphics card to mine on a Windows 10 platform. First you need to install the latest version of ccminer which you can obtain from cryptomining-blog.com here. Next sign up for a mining pool. You can find a list of mining pools here. Configure your miner for your chosen pool and you are ready to go.

To see how much money you will make, launch the miner to see what the hash rate is for your equipment. My 1050 Ti hashes at about 6.2 Mh/s as shown below.

Next go to Whattmine.com and select the Coins tab, then click on the Bitcore icon to get to the calculator.

Enter your hash rate, power usage and electricity rate and click calculate to see the results.

As you can see, right now I'm making a profit of about $0.73 a day mining Bitcore with my GPU. Not too bad. But it gets even better...

Free Money

If you hold your newly mined Bitcore in a wallet, you can receive a weekly airdrop of free coins. Just go to Bitcore.cc and download and install the wallet software, then click on the Airdrop Registration tab. Fill out the form and submit.

As long as you have at least 1 BTX in your wallet you will receive a 3% airdrop every Monday. The more you hold, the more you make.

Until next time...