BIUT, Simple PC-MINER Mining Tutorial

By CryptoJennie | Crypto-tricks | 28 Sep 2019


I wrote an article about BIUT's PC-MINER a few days ago. As an early sponsor holding BIUT, I start my PC-MINER mining once the software released. Here I will make a simple tutorial for people who wants to start mining. As I mentioned before, PC-MINER is two-coin mining. You lock-up BIUT, and mine BIU. 

Firstly, you need to create a new mining wallet. This wallet is for you mining only. But the PC-MINER is an invitation version, you need to have an invitation code so that you can create a mining wallet. You can use my invitation code: awLub5xN

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Below is the personal balance page, it shows the BIUT and BIU balance, my invitation code and my transaction record. If you have other wallets, you can also import it to the software.

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Secondly,  Start mining, go to the mining page and then lock up 10000 BIUT and start mining.

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My personal mining page shows my BIU mining stats. PC-MINER mining is a computational power competition. I am competing with other nodes while mining. If I win, I will get the block. One block contains about 4 BIU. The BIU amount depends on the total BIUT balance. For example, you have 10000 BIUT in your balance and then your every block will contain 0.0694445 BIU.  The Foundation will also reward you with the same BIU amount(automatic send to your BIU balance, you will see the transaction record as well). That is double in profits.

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If you want to own a mining pool, you can lock up 500000 BIUT to have your own mining pool.

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Reminders:

1. Once you lock up 10000 BIUT, your BIUT will lock up one year.

2. Click start mining and will take about a few hours to sync the main net blocks height. (one time)

3. If you don't have mining conditions, you can join the mining pool by mining.biut.io

There are lots of people using the smartphone in their life. Mining on the laptop or Computer may not suitable for them. PC-MINER also have web version. You can join the mining pool if don't want to mine by yourself. The mining pool ower will charge 10% BIU of your every block.

 

 

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