🪙Bitcoin Mining

I. Introduction to Cryptocurrency

BTC Bitcoin

Official Website White Paper Block Explorer

The concept of Bitcoin was initially designed and released as open-source software following the ideas of Satoshi Nakamoto, and it is a form of virtual encrypted digital currency built on its P2P network. Bitcoin utilizes the SHA256 encryption algorithm, with a total supply of 21 million, producing a block every 10 minutes and halving the rewards every 210,000 blocks. Currently, most mining pools distribute block rewards to users, as well as the transaction fees from within the block to the miners.

II. Introduction to Supported Miners

ASIC Miners Supported: Antminer (S21 Hydro, T21, S19 series, etc.), Whatminer (M63S/390T, M66S, M30S, etc.), Avalonminer (A1366, etc.)

More Models: Mining Rig Profitability Ranking

III. Setting Up Subaccounts and Binding Wallet Addresses in SpiderPool

Register an account on SpiderPool (www.spiderpool.com), log in, go to Subaccount Management, select the mining currency BTC, then create a corresponding subaccount and bind your wallet address.

(If not bound, BTC will be kept in your account balance until the next payment settlement after binding.)

IV. Setting Up Mining Parameters and Starting to Mine

ASIC Miner Mining

Enter the miner's IP address in the browser's address bar to access the backend, and set the following information in the backend:

Pool text box should contain:

1.Choose any of the following URLs:

North America Region:

TCP: stratum+tcp://btc-us.spiderpool.com:2309 (Backup: 3333,1800,443)

SSL/TLS : stratum+ssl://btc-us.spiderpool.com:2310 (Backup: 2311)

Europe Region:

TCP: stratum+tcp://btc-as.spiderpool.com:2309 (Backup: 3333,1800,443)

SSL/TLS : stratum+ssl://btc-as.spiderpool.com:2310 (Backup: 2311)

Asia Region:

TCP: stratum+tcp://btc-eu.spiderpool.com:2309 (Backup: 3333,1800,443)

SSL/TLS : stratum+ssl://btc-eu.spiderpool.com:2310 (Backup: 2311)

2.In the "username" field, enter your mining subaccount on SpiderPool (Note! It's not your wallet address or email address, but the subaccount set in "Section III"), "worker" is the miner name, which can be customized as a combination of numbers or letters. Separate the username and worker number with an English period ".". After filling out, click "Save".

The following is an example of the backend page of an Antminer rig. There may be differences across models, for reference only:

V. Monitoring Hashrate and Viewing Profits

After the miner runs for about 10-15 minutes and is stably connected to the pool, you can log in to the official SpiderPool website (https://www.spiderpool.com/), click on the subaccount in My Dashboard, and then check the miner status and profit situation on the Account Overview page.

VI.Ecological Earnings

By following the standard BTC hashrate integration process, When adding a sub-account, enter the wallet address of FB,no additional actions are needed. Successful integration automatically defaults to joint mining, which entitles you to mining earnings from the BTC ecosystem, essentially achieving multiple earnings from a single hashrate. Currently, the following cryptocurrency earnings are supported:

• 1.Mining BTC grants FB as a bonus, distributed based on the PPLNS method.

• 2.More cryptocurrencies are in the process of being added...

VII. Other Questions

• 1.What is SpiderPool's BTC fee rate?

  Answer: PPLNS: 2%, FPPS: 4%

• 2.What is the minimum payout for BTC mining pool earnings?

  Answer: The default payout amount is 0.005 BTC, with daily payouts.