{"id":638,"date":"2018-06-07T18:45:14","date_gmt":"2018-06-07T18:45:14","guid":{"rendered":"https:\/\/2miners.com\/blog\/?p=638"},"modified":"2020-06-26T14:49:37","modified_gmt":"2020-06-26T14:49:37","slug":"bitcoin-private-btcp-mining-and-profitability","status":"publish","type":"post","link":"https:\/\/2miners.com\/blog\/bitcoin-private-btcp-mining-and-profitability\/","title":{"rendered":"Bitcoin Private (BTCP) Mining and Profitability"},"content":{"rendered":"<p>In mid-April, the rate of Bitcoin Private increased by 99% within one day. The sudden rise has prompted numerous discussions about BTCP. Let\u2019s see how to mine Bitcoin Private using graphics cards.<!--more--><\/p>\n<h2><strong>What is Bitcoin Private?<\/strong><\/h2>\n<p>The creation of Bitcoin Private was at the end of February after the fork of Bitcoin and Zclassic. New coins were being distributed to BTC and ZCL holders at a 1:1 ratio, which is why the rate of the latter increased 20-fold at the end of December. After all, it was easier to buy Zclassic than Bitcoin.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-640\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image6.jpg\" alt=\"\" width=\"680\" height=\"324\" data-wp-pid=\"640\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image6.jpg 680w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image6-300x143.jpg 300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/p>\n<p>The main feature of BTCP is the support of zero-knowledge proof zk-SNARK. First, this technology was implemented by Zcash. It ensures that the information about transactors is not available to basic Internet users.<\/p>\n<p>This snapshot took place at the block height 272991 for ZCL and 511346 for Bitcoin. Today the currency ranks 41<sup>st <\/sup>in the world with the capitalization of 461 million dollars.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-641\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image15.png\" alt=\"\" width=\"1024\" height=\"243\" data-wp-pid=\"641\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image15.png 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image15-300x71.png 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image15-768x182.png 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image15-800x190.png 800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>For the last three weeks, the rate has been around $22 with some ups and downs. The peak price amounted to $86 on March 12. The minimum price of $14 was spotted somewhere in mid-April. The current circulating supply is 20.45 million BTCP. Its trading volume in the last 24 hours amounted to 640 thousand dollars. It seems like most owners are holding.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-642\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image13.png\" alt=\"\" width=\"1024\" height=\"453\" data-wp-pid=\"642\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image13.png 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image13-300x133.png 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image13-768x340.png 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image13-800x354.png 800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2><strong>Where to Buy Bitcoin Private (BTCP) <\/strong><\/h2>\n<p>Even though the Bitcoin blockchain was used to create BTCP, they have little in common. To start with, it is not easy to buy Bitcoin Private. According to CoinMarketCap, the coin is traded in 15 pairs on 8 exchanges. The leading market is HitBTC that accounts for 64% of the BTCP trading volume in the last 24 hours.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-643\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image8.png\" alt=\"\" width=\"1024\" height=\"534\" data-wp-pid=\"643\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image8.png 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image8-300x156.png 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image8-768x401.png 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image8-800x417.png 800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2><strong>The Advantages of BTCP<\/strong><\/h2>\n<p>They described the strong points of the project on its official website. The developers pointed out the use of privacy technology, decentralization, increased block size and high transaction speed. Separately, they also mention the massive role of the community that contributes to the future of the cryptocurrency all over the world.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-644\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image2.png\" alt=\"\" width=\"1024\" height=\"487\" data-wp-pid=\"644\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image2.png 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image2-300x143.png 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image2-768x365.png 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image2-800x380.png 800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>The creators actively use social platforms. Here, for example, they make fun of Visa\u2019s recent failure.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">The choice is obvious! <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinPrivate?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinPrivate<\/a> <a href=\"https:\/\/t.co\/adOvOs1TMn\">pic.twitter.com\/adOvOs1TMn<\/a><\/p>\n<p>\u2014 Bitcoin Private (@bitcoinprivate) <a href=\"https:\/\/twitter.com\/bitcoinprivate\/status\/1002944594542096385?ref_src=twsrc%5Etfw\">June 2, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Bitcoin Private Wallet<\/strong><\/h2>\n<p>There are two ways to store coins. For small amounts of cryptocurrency, you could use the wallets generated on crypto exchanges. If you want more security for storing your coins, we highly recommend downloading the local wallet with a complete blockchain or at least use Electrum and Coinomi wallets.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-653\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image1.png\" alt=\"\" width=\"1024\" height=\"649\" data-wp-pid=\"653\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image1.png 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image1-300x190.png 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image1-768x487.png 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image1-800x507.png 800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>You can download the wallet of your choice from <a href=\"https:\/\/btcprivate.org\/?lang=ru_RU#wallets\">here<\/a>.<\/p>\n<h2><strong>What to use for Bitcoin Private (BTCP) Mining?<\/strong><\/h2>\n<p>BTCP is Equihash based. You can mine BTCP on rigs that mine Hush, Zclassic, Zcash, Bitcoin Gold, and other coins. We recommend mining on Nvidia. AMD will work too, but its performance will be a little worse.<\/p>\n<h2><strong>Bitcoin Private (BTCP) Mining Profitability<\/strong><\/h2>\n<p>Today one found block brings 1.5625 BTCP plus fees. As of June 4, it is nearly $36.<\/p>\n<p>Let\u2019s go to WhatToMine to calculate the profitability of BTCP mining. Let\u2019s start with the hash rate of 6000 sol\/s which is equivalent to a rig with eight Nvidia 1080ti GPUs.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-654\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image11.png\" alt=\"\" width=\"1024\" height=\"319\" data-wp-pid=\"654\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image11.png 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image11-300x93.png 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image11-768x239.png 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image11-800x249.png 800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>At the current network difficulty level, we get a little over $18 per day or $545 per month.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-655\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image5.png\" alt=\"\" width=\"1024\" height=\"350\" data-wp-pid=\"655\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image5.png 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image5-300x103.png 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image5-768x263.png 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image5-800x273.png 800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>Three such rigs will bring almost three times more \u2013 $56 and $1,684 respectively.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-656\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image9.png\" alt=\"\" width=\"1024\" height=\"360\" data-wp-pid=\"656\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image9.png 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image9-300x105.png 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image9-768x270.png 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image9-800x281.png 800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2><strong>BTCP Mining Software<\/strong><\/h2>\n<p>For Bitcoin Private mining, download the latest version of <a href=\"https:\/\/2miners.com\/blog\/how-to-set-up-and-run-claymores-miner\/\">Claymore<\/a> <a href=\"https:\/\/drive.google.com\/file\/d\/11R0L-QgOHnzZ5JfxidH2KPYj1PFEeqDY\/view?usp=sharing\">here<\/a>. The archive password is <em><strong>2miners<\/strong><\/em>.<\/p>\n<p>Before getting started, use Notepad to change the wallet address in the files with pool settings: <strong>\/EQUIHASH\/AMD\/btcp-pool.bat<\/strong> or <strong>\/EQUIHASH\/NVIDIA\/btcp-pool.bat<\/strong>. In case of solo mining edit these files: <strong>\/EQUIHASH\/AMD\/btcp-solo.bat<\/strong> or <strong>\/EQUIHASH\/NVIDIA\/btcp-solo.bat<\/strong>.<\/p>\n<h2><strong>Solo or Pool?<\/strong><\/h2>\n<p><a href=\"https:\/\/2cryptocalc.com\/\">Aleksei Rubin\u2019s mining calculator<\/a> will help to answer this question. Developers recommend solo mining only if you have at least five rigs with Nvidia 1080ti.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-657\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image10.png\" alt=\"\" width=\"593\" height=\"671\" data-wp-pid=\"657\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image10.png 593w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2018\/06\/image10-265x300.png 265w\" sizes=\"auto, (max-width: 593px) 100vw, 593px\" \/><\/p>\n<h2><strong>BTCP Mining Pools List<\/strong><\/h2>\n<p>Mining pools list available at <a href=\"https:\/\/miningpoolstats.stream\/\">miningpoolstats.stream<\/a><\/p>\n<p>Please note that we delisted BTCP mining pools at 2Miners in March 2019.<\/p>\n<p>Don\u2019t forget to read our articles about other cryptocurrencies. We have tutorials for <a href=\"https:\/\/2miners.com\/blog\/how-to-mine-musicoin\/\">Musicoin<\/a>,<a href=\"https:\/\/2miners.com\/blog\/how-to-mine-callisto-clo-step-by-step-tutorial\/\"> Calisto<\/a>, <a href=\"https:\/\/2miners.com\/blog\/how-to-mine-hush\/\">HUSH<\/a>, and <a href=\"https:\/\/2miners.com\/blog\/how-to-mine-ethereum-classic-etc-mining-and-profitability\/\">Ethereum Classic<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In mid-April, the rate of Bitcoin Private increased by 99% within one day. The sudden rise has prompted numerous discussions about BTCP. Let\u2019s see how to mine Bitcoin Private using graphics cards.<\/p>\n","protected":false},"author":3,"featured_media":639,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[30,31],"class_list":["post-638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining","tag-btcp","tag-solo-btcp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Private (BTCP) Mining and Profitability - Crypto Mining Blog<\/title>\n<meta name=\"description\" content=\"In mid-April, the rate of Bitcoin Private increased by 99% within one day. The sudden rise has prompted numerous discussions about BTCP. 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