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Mining Bitmark

Bitmark can be mined using eight different algorithms, accommodating various types of hardware.

Overview​

AlgorithmBest HardwareDifficulty
SCRYPTASIC/GPUModerate
SHA256DASICHigh
YESCRYPTCPU/GPULow
ARGON2DCPULow
X17GPUModerate
LYRA2REv2GPUModerate
EQUIHASHGPU/ASICModerate
CRYPTONIGHTCPU/GPULow

Getting Started​

1. Set Up Bitmark Node​

# Install bitmarkd
# See installation guide for full instructions

# Configure for mining
cat >> ~/.bitmark/bitmark.conf << EOF
server=1
rpcuser=bitmarkrpc
rpcpassword=YourSecretPassword
EOF

# Start node
bitmarkd -daemon

2. Choose Mining Method​

Option A: Built-in miner (easiest)

bitmark-cli setgenerate true 4  # 4 CPU threads

Option B: External miner (more efficient)

cpuminer -a <algo> -o http://localhost:9266 -u bitmarkrpc -p YourSecretPassword

Built-in Mining​

Start Mining​

# Set algorithm (0-7)
bitmark-cli setminingalgo 3  # 3 = Argon2d

# Start mining
bitmark-cli setgenerate true <threads>

# Check status
bitmark-cli getmininginfo

Algorithm Numbers​

NumberAlgorithm
0SCRYPT
1SHA256D
2YESCRYPT
3ARGON2D
4X17
5LYRA2REv2
6EQUIHASH
7CRYPTONIGHT

Stop Mining​

bitmark-cli setgenerate false

CPU Mining​

CPU-friendly algorithms: YESCRYPT, ARGON2D, CRYPTONIGHT

cpuminer-multi​

# Clone and build
git clone https://github.com/piratelinux/cpuminer-multi.git
cd cpuminer-multi
./autogen.sh
./configure
make

# Mine Argon2d
./cpuminer -a ar2 -o http://localhost:9266 -u bitmarkrpc -p password

# Mine Yescrypt
./cpuminer -a yescrypt -o http://localhost:9266 -u bitmarkrpc -p password

# Mine CryptoNight
./cpuminer -a cryptonight -o http://localhost:9266 -u bitmarkrpc -p password

CPU Mining Tips​

  1. Start with fewer threads than CPU cores (leave 1-2 for system)
  2. Monitor temperature
  3. Argon2d and Yescrypt are most CPU-efficient
  4. CryptoNight uses more memory

GPU Mining​

GPU-friendly algorithms: SCRYPT, X17, LYRA2REv2, EQUIHASH

For NVIDIA (CCMiner)​

# Scrypt
ccminer -a scrypt -o http://localhost:9266 -u user -p pass

# X17
ccminer -a x17 -o http://localhost:9266 -u user -p pass

# Lyra2REv2
ccminer -a lyra2v2 -o http://localhost:9266 -u user -p pass

# Equihash
ccminer -a equihash -o http://localhost:9266 -u user -p pass

For AMD (SGMiner)​

# Scrypt
sgminer -k scrypt -o http://localhost:9266 -u user -p pass

# Equihash
sgminer -k equihash -o http://localhost:9266 -u user -p pass

GPU Mining Tips​

  1. Keep GPU temperature below 80°C
  2. Start with stock clocks, then tune
  3. Monitor for rejected shares
  4. Use proper cooling

ASIC Mining​

ASIC-compatible algorithms: SCRYPT, SHA256D

Scrypt ASICs​

Compatible miners:

  • Antminer L3/L3+
  • Innosilicon A4/A6
  • Various older Scrypt ASICs

SHA256D ASICs​

Compatible miners:

  • Any Bitcoin ASIC (Antminer S series, etc.)
  • Can merge-mine with Bitcoin

Configuration​

Most ASICs use stratum protocol. Point to a pool that supports Bitmark, or use stratum proxy for solo mining.

Pool Mining​

Finding Pools​

Check community channels for current active pools.

Pool Configuration​

stratum+tcp://pool.example.com:3333
Username: <your_address>
Password: x or c=BTM

Pool Payouts​

  • PPS: Pay Per Share (immediate, fixed rate)
  • PPLNS: Pay Per Last N Shares (variance, better long-term)
  • PROP: Proportional (simple, per-round)

Solo Mining​

Mining directly to your own wallet.

Advantages​

  • Full block reward when you find a block
  • No pool fees
  • Privacy

Disadvantages​

  • High variance (irregular payouts)
  • May wait long time between blocks
  • Requires running full node

Setup​

# bitmark.conf
server=1
rpcuser=bitmarkrpc
rpcpassword=yourpassword

# Mining address
bitmark-cli getnewaddress "mining"
# Use this address in your miner

Merge Mining​

Mine Bitmark simultaneously with other compatible chains.

How It Works​

  1. Mine on parent chain (Bitcoin, Litecoin, etc.)
  2. Include Bitmark block commitment in coinbase
  3. Submit valid proof to both chains
  4. Earn rewards from both

Requirements​

  • Pool that supports Bitmark merge mining
  • Or run merge mining software yourself

Compatible Chains​

Parent ChainBitmark Algorithm
BitcoinSHA256D
LitecoinSCRYPT
VertcoinLYRA2REv2
ZcashEQUIHASH

Profitability​

Factors​

  1. Hardware: Cost and efficiency
  2. Electricity: $/kWh in your area
  3. Difficulty: Current network difficulty
  4. BTM Price: Market value
  5. Algorithm: Different difficulties per algo

Calculation​

Daily Revenue = (Your Hashrate / Network Hashrate) × Daily Block Rewards
Daily Profit = Daily Revenue × BTM Price - Electricity Cost

Tips​

  1. Start with CPU mining (no extra cost)
  2. Compare algorithm profitability
  3. Consider merge mining for extra revenue
  4. Join pools for consistent income

Monitoring​

Node Status​

# Mining info
bitmark-cli getmininginfo

# Network hashrate
bitmark-cli getnetworkhashps

# Difficulty
bitmark-cli getdifficulty

Common Issues​

"Method not found"

  • Ensure server=1 in config
  • Check RPC credentials

Low hashrate

  • Verify algorithm selection
  • Check for thermal throttling
  • Try different algorithms

No blocks found

  • Normal for solo mining
  • Check connection to node
  • Verify correct algorithm

See Also​