Experienced pool miners of other CryptoNote coins can just jump on ANY OF OUR UPDATED LIST OF BipCoin POOLS AND START. (includes which ones work on Nicehash)
NOTE: Mining will only work with 64-bit Windows or Linux. Will NOT work with 32-bit. On Windows it works on 7, 8, 10 and server editions. How to check if my computer is 64-bit; For Windows. For Linux.
I’m going to make this post easy to understand for beginners who’ve never mined a cryptocurrency or maybe never even used a cryptocurrency.
The post will also be useful for people who’ve solo mined cryptos including BipCoin or pool mined other cryptos.
Noobs will need to read this whole post and probably will need to click on some (or most) of the linked words.
More-experienced people can skip clicking on the linked words. And/or they can just skim down to where there is info new to them and read that. (Though of course then you’ll miss my excellent short manifesto below on how you can help save the world and yourself by mining BipCoin.)
If you really want to skip the great intro here (which has info you may need to go back and read anyway if you skip), skim down to where you see the bigger version of this picture of BipCoin’s mascot, BipCat:
WHY POOL MINE CRYPTOS?
When BipCoin first launched, you could solo mine and “the money would roll right in.” (For info on solo mining BipCoin, if you need it, search “solo mining” on this page.) That’s what happens at first. Any coin But since only about 6211 bips (BipCoin) are issued per day right now (and the number issued by the network per day will very slowly go down over time), the more people mining, the fewer you’ll get. You should use a mining pool. Unless you have so much hashing power that you basically are your own mining pool. In that case, you can still solo mine.
A mining pool basically acts as one big miner with all the individual miners connected. And uses all their mining power together to guarantee blocks are found. And divides them up evenly and fairly based on the amount of time each miner is connected, and his hashing power. atithasos’ Bipcoin pool takes a fee of 1.5% and pays out regularly, minimum payment 5 bip. That’s very fair. And you’ll do far better pool mining with him than solo mining alone. And his pool works flawlessly. I highly recommend it.
Pool mining is pretty amazing. It’s kind of like a worker-owned business, without the communism. And without anyone involved needing to know, or even trust each other. It just works, and does so without you even having to understand it, thanks to cryptography and blockchain databases.
By the way, this kind of business model was predicted in Timothy C. May’s amazing 1992 essay “The Crypto Anarchist Manifesto”, incorporated into his 1994 essay Cyphernomicon, which is amazing and you should read it while you mine BipCoin. It’s HERE, free. Timothy is brilliant futurist, and not some punk kid. He was a senior scientist at Intel early on and retired in 2003.
Mining and using cryptos, especially ones like BipCoin that are based on CryptoNote code not only makes your life better and can be profitable, but it is also a direct act of resistance, in a beautiful and non-violent way. The Powers That Be do not want you to do things that are outside their control. They want you dependent on them. And it’s better get good at doing these things now, rather than try to learn when things get harder. (Like possibly as soon as after the upcoming US election.)
Things may get worse for a while, but on a long enough timeline, even within our lifetimes, I see them getting much better. Coercive state actors are like dinosaurs thrashing in the tar pits while the go extinct. And they’re going extinct partly because people are waking up and partly because technology, and voluntary worldwide and local cooperation, is rendering them obsolete. Crowdsourcing, fast cheap computers (including even as our phones), open source work, and blockchains are removing the inefficient and aggression-based monopoly on every “service” governments historically claim to “provide.”
When I was a kid, a computer cost millions of dollars, required a team to operate, took up a whole floor of a building, and took lots of power. Now we have more processing power and worldwide connectivity for less than the price of one Bitcoin, and it fits in our pocket. And is also a phone. That’s a stellar advancement.
The Internet was Web 1.0 in 1993.
Social networking was web 2.0 around 2000.
Bitcoin was web 3.0 in 2009.
CryptoNote is some version past that. 3.1? or maybe later.
So: mining & using BipCoin is a small way to help yourself while helping others, all over the world. And you can be up and mining BipCoin within the hour of right now.
WHY MINE BipCoin?
SO, BipCoin is a new Altcoin based on CryptoNote code. If you want to dive deep into that, start here. But here’s the short version: BipCoin’s CryptoNote code base gives BipCoin certain advantages over Bitcoin and most altcoins. These advantages include built-in privacy for transactions (no one can see which addresses are making which transactions), and easier mining for people with regular computers (not as much of a huge advantage as with Bitcoin for people with thousands of dollars of specialized mining gear…though if you have that stuff and it no longer works for Bitcoin, it will work great for BipCoin.)
Of the 800+ altcoins, only about 12 are based on CryptoNote. And only about 4 have value and are stable and still developed. BipCoin has an advantage even over these 4 coins: BipCoin is still very easy to mine. (The more people that mine a coin, and the longer a coin is in existence, the harder it becomes to mine.) You can EASILY mine BipCoin with ordinary computers.This will likely be true for a few months, so start now! Also, once we get on some exchanges, BipCoin will likely have value. (Not a guarantee, but I’m betting my time and some energy on mining.)
Mining is good for the coin too. The more people mining, the quicker transactions confirm. And with CryptoNote coins, the more mining AND transacting happening, the more privacy transactions have. (People have to make transactions of a similar magnitude size within a few minutes of a transaction for both transactions to be totally private.)
A FEW NOTES ON MINING ANY CRYPTO
None of the Mining software I’ll link contains viruses or malware. But ALL mining software will often flag false-positive as malware or as a virus on most anti-virus programs. This because there are a bunch of actual viruses that mine Bitcoin on people’s computers without them knowing. So the best thing to do with the programs I’m explaining is to turn off your anti-virus while installing, I had to add an exception in Avast for Yam. I’m not going to explain all the ins and outs for adding exceptions in each program. Just Google “adding a program exception in (name of your anti-virus program)”, e.g.: “adding a program exception in Avast”, “adding a program exception in Norton.” After you add the exception, you can turn your antivirus back on. And it goes without saying, but f you don’t know how to turn off your antivirus, Google “temporally turning off (name of your anti-virus program).”
GETTING THE FILE PATH OF A PROGRAM TO ADD AN EXCEPTION
To add an exception, you will need the file path for your mining program (that’s what you add into the antivirus as the exception). If you’re on Linux, you know how to find this. (This tutorial is more for Windows users, because many don’t know this stuff, especially command line use. Most Linux people have had some experience with that. But the BipCoin-specific CMD stuff here will be the same on Linux terminal.)
If you’re on Linux, you know how to find a file path. If you’re on Windows, here’s a quick way: Make a shortcut to wherever you have the program:
Then right-click on the shortcut and you’ll have the file path to copy:
You can paste this path into your anti-virus program to create an exception so the anti-virus program won’t auto-delete your miner once you turn the anti-virus program back on.
WHICH MINER TO USE?
People argue all day every day on the Internet about what programs are the best miners and how to best configure them. It kind of reminds me of arguments I’ve seen about different calibers among gun owners, or what is the best car. The answer is this: the best one is the one you can get working now. You can tweak later for that last 10-20 percent of absolute optimization. It will actually depend a lot more on the processor of your computer. (or the graphics card if you do GPU mining. But we’re going to stick to CPU mining here because it’s easier and most computers can handle it. Once you get that working, if you want to get fancy, get a free account on BitcoinTalk.org, search “CryptoNote mining” and read the discussions of this miner over that miner, and how to configure each one to the best. You can read about that there until the cows come home, and still have more to read.
We’re only going to cover one miner, YAM. But YAM is easy to use for beginners, and efficient. I’m only going to show the basics of YAM. But once you’ve run it, tweaking it for optimization, or running any other miners will be easy.
YAM does use 2.5% of your mining power for the creator of the program to mine XMR. But also, that’s more than made up for using out “Run As Administrator” step, which gives you 10% – 50% more hashing power. For more info and if you have a good GPU rig, read this and follow the link there: https://bitcointalk.org/index.php?topic=1720595.msg17238744#msg17238744
(We recommend the software discussed at https://bitcointalk.org/index.php?topic=1612329.0 but not their hash power renting services.)
GETTING TO THE ACTUAL MINING
So do do pool mining, you’ll need to learn a few CLI (command line interface) commands.
You’ll also have to learn a tiny bit on how to use them. Like it’s not as simple to copy and paste to and from a CMD interface as it is with most normal computer environments. And you have to hit “enter” after pretty much every command, to the point where I’ll say that once and then assume you remember each time after.
CLI commands are what you see high-level computer geniuses and hackers using on your favorite TV shows when you see them typing on an all-black screen with nothing but white (and occasionally a few other color) text. And yes, you’ll feel this cool:
Windows 10 directions (Windows 7 are same, except getting to the CMD prompt, instructions for that are here.):
To open a command prompt on Windows 10, right-click on the Windows icon / Start button on the bottom right of your screen, then left click on “Run.”
and hit the “Ok” button:
You’ll get the sacred command window:
It will open up to C:\Users\(your computer name)> (as shown above.)
If you type
(then hit the “Enter” key. This the first and last time I’ll say that, to avoid repetition. But do hit the Enter key after typing every command.)
(and “cd” stands for “change directory.”)
This moves you one level up the directory tree (i.e. up towards the root directory).
If you type
it takes you to the top of the directory tree (typically to C:)
(Here’s my favorite list of common commands if you ever need to look one up.)
and to go to a folder within that folder, just type
then the name of that folder.
SO click to your C drive, and right-click to make a folder called
File path will be C:/yam
Next, you’ll need to install YAM, so you can start mining.
OK, LET’S MINE!!
go to this pool: http://bip.ms-pool.net.ua/
You’ll note that it’s bare bones and not a fancy looking website. Mining pool websites are almost always very basic. Looking fancy wouldn’t help. The website is just the front end for the actual mining pool behind the scenes. (I wish more websites for EVERYTHING would take this attitude…function over form. Think Google or Craigslist, and how simple they are for something so useful.)
That main page shows the current stats of the pool and the BipCoin network. There is also a place down the page that says “Your Stats & Payment History.” Once you’ve started mining with his pool, this is where you can enter your BipCoin address and check your payment info. It’s very useful. (after you stop and then start mining you may have to hit the “Lookup” button at the right of where you enter your address. It should save your address.
Go to the “Getting Started” page, here: http://bip.ms-pool.net.ua/#getting_started
(Ignore that enticing link that says “For Windows users new to mining.” That’s for an inefficient miner you don’t want, that also may have other problems.)
Scroll down the page to “Mining Apps”, go to “YAM Miner”, and click on the download link where it says “MEGA”:
Let the MEGA page load. It will take a moment. Then look at the choices. The Windows ones are the 9 at the bottom ending in “.zip”, the Linux ones are all above that, ending in “.tgz”
I’m using the sandy bridge one at the very end of the list. (yam-yvg1900-M7-win64-sandy-bridge.zip)
If you have a fairly new Windows computer, I’d recommend that. For older computers just play with all to find the better one for your computer. It may help to pick the one with the name that is closest to your computer’s chip. Google your computer make and model along with “chipset” to find the model. (“Sandy bridge” and the others are chipset names.)
Double click the correct one, then download “Show me” on this pop-up:
Then you will be prompted to save the file. Do so, download it, and unzip it into the folder you previously made called C:/yam
There will be a subfolder inside that contains the actual YAM program:
Then, move the YAM program in the subfolder to the yam folder with the rest of the files, then delete the subfolder:
Then create what I call your recipe.
Your recipe is the command unique to your address and your computer that you’ll paste into a file in this folder, and also paste in the command window each time you want to start mining. The formulae is this:
yam -c x -M stratum+tcp://(your BipCoin address):email@example.com:3333/xmr -t 3
For instance, with my address of
(If you don’t yet have a BipCoin address, or don’t know how to copy it out of your CLI wallet, go read this page)
yam -c x -M stratum+tcp://bip1ZT7AY9dAE3KYrXcFeoVtFe43WZvGBAA2NFVXXbn4Yxw15gYgekQc7VUFJFHM7DMNsZKRDZAeTe81P8yke37z4JVJupJF1j:firstname.lastname@example.org:3333/xmr -t 3
Save that on your desktop in a text or Word doc with a name you’ll recognize, like
Yummy BipCoin YAM recipe
because you’ll need to copy and paste it a lot, now that BipCoin is your life.
OK……Now, back to the c:/yam folder. Delete all the files except the yam program and the readme file:
open the readme, select all inside and delete all text in it, then paste in your recipe:
Save the file and close it.
In the top of the folder, select “View” and tick the box that says “File Extensions”:
Then rename the readme.txt file as
Then go back to View and uncheck that “file extensions” box:
Then close the yam folder.
Open up your CMD window again, navigate to C:/ by typing
and it will go to
To begin mining, paste your recipe into the command window:
and hit Enter.
It should start mining:
If it doesn’t run, change the last number (currently a 3) to a lower number, 2, then try 1, if 2 doesn’t work. That number is the number of threads (more or less equal to processor cores) you’re running with. If your computer only has 2 cores you can’t have a 3 there.
I try to use less than all my cores (I have 4), so I can still work. In fact, because of the 4-core limitation with my computer, I actually get a higher hashrate running 3 cores than typing a 6 there. AND use less CPU.
You can see your CPU useage by hitting CRTL ALT DEL on your keyboard, then clicking “Task Manager.”
Your hashrate showing in the CMD window will update immediately. The one showing in the mining pool website will take several minutes to catch up.
I like to keep my CPU usage while mining below 50%. That’s a good amount do I can keep working on other things at the same time. If you’re only mining and nothing else, you can push it to 90% or 95% safely, IF you have an extra fan (see below.) I use an extra fan while mining even at below 50% total usage.
I usually leave Task Manager open while I’m mining. When I’m not at the computer I turn off the monitor though. Usually put something on the keyboard (like a t-shirt or a little cloth for cleaning my glasses) to remind me that the computer is on but the monitor is off.
The pool will automatically pay any you are owed over 5 bips every 10 minutes automatically to your address.
You can stop mining by typing Ctrl + C.
You can exit mining by closing the CMD window, but clicking the X in the top right corner of the CMD window.
If you wonder why you’ll get results in the CMD window while mining BipCoin that reference Monero (another CryptoNote coin), don’t worry, it’s not a problem. Here is the reason: Only if the developer added our coin to his code would it read “BipCoin” while mining, not “Monero.” BipCoin may eventually be added, but hasn’t been yet.
Yam also mines Monero (XMR) and some other CryptoNote coins. The developer of yam does not have BIP (BipCoin) address support included yet. So this is the reason that if you add bip at the end, it is not recognized and won’t mine. So we use another coin code that is supported, and the best choice is xmr (Monero).
SETTING UP A DESKTOP SHORTCUT TO START MINING
…This way you won’t have to open CMD window and paste in your recipe each time. You can also easily run as administrator, which will give you from 10% – 50% more hashing power.
In your C:/yam folder, right-click on yam.exe and Create Shortcut:
Place the shortcut on the desktop.
Copy your recipe to a document, then remove the word
from the start of the recipe. Then copy the edited recipe to your clipboard.
Right-click your shortcut and go to Properties:
Click in the end of the “Target” field
and paste your edited recipe after the
part, with a space after “exe” and before the edited recipe:
Right-click the shortcut, go to Rename
and give the shortcut a memorable name:
You’ll get a slightly higher hash rate if you Run As Administrator. To do that, you don’t click the shortcut to start mining, you right-click on the shortcut and go to “Run As Administrator”:
You can use the really cool image below as an icon for the shortcut.
Just right-click it to download it and put in any folder (C:/yam is a good choice). Then right-click on the shortcut and go to Properties. Click on Change Icon:
Hit Browse, find the icon in the folder where you put it, select it, then hit OK.
There you go. HAPPY MINING!
–Check the miner a couple times a day, if it ever stops, just restart it. Computers are an interesting mix of science and voodoo. You can tell if you’ve stopped mining if your hashrate is zero on the pool website…
or if your CPU usage on Task Manager isn’t high like when mining.
–You don’t need a wallet running to mine with YAM. BUT….It’s OK to have a CLI wallet open to check while mining with mining software, but don’t mine on your CLI wallet while doing that.
–Run a fan on your computer or put an extra one inside while mining so you don’t burn it up.
You can mine on more than one computer, each running its own wallet. Computers can get hot mining, so if they do, open them up and point a fan into them so they don’t die. (This part below copied from our solo mining tutorial on our Download & How To page.)
With laptops, if you’re going to have them closed (I do because I have cats who love to walk on keyboards and they sleep on the keyboards of warm laptops – “OH DADDY LEFT ME A KITTY WARMER! MEW!”)…….Go into Control Panel and change the setting on Power to “turn off monitor when closed”, “go into Sleep Mode: never, and “turn off hard drives: never.”
Pro mining rigs will mine more, but cost money. But many people already have them from mining Bitcoin, but they can no
longer keep up with Bitcoin. Those are GREAT for mining BipCoin (but you’ll need to use a GPU miner program like “Claymore GPU Miner” (on the “Mining Apps” list HERE where you found YAM) not a CPU miner like YAM.