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BitTube Mining

TUBE is the crypto currency used behind BitTube, I will refer to them as tokens as they are not specifically coins like bitcoin, albiet exchangable like bitcoin on the market for real FIAT (real world money). BitTube was previously named IPBC (Interplanetary Broadcast Coin) until the rebranding last April.
Anyone with a computer with the correct specifications (noteably a high spec graphic card(s) or in some cases large processors) can become a 'miner' and use the processing power in their computer to find or 'mine' new coins on the 'blockchain' (analogy only:- blockchain = a large database that is hosted across many computers called 'nodes' that are not all in one place this 'database' can only be amended, nothing can be deleted).

Mining is a way of generating tokens into the 'eco-system' - the mining of tokens and the speed in which they can be found is regulated by the difficulty set in the cryptocurrency's protocol, this ensures that a steady supply of new tokens is available to run the network ie network costs, miners payments, video creators and video viewers.

How to Mine BitTube

BitTube has made it easy for anyone to mine and earn TUBE - simply download their wallet from github and click on the mining tab after installation to start your computer mining in the background. When you download your wallet you can also choose to become a 'node' this will mean that your computer can help the network run as being part of the blockchain, helping to process transactions that are running on the blockchain itself. Feels good to be part of something right? Be aware that you may not be able to use your computer while it is mining as its hard work for your computer, you may like to just run it at night when you computer would otherwise be idle.

Mining from the command line

The best recommendation I can make for mining for people who know something about mining from the command line of windows is Gandalf - its built on cast XMR and can mine the SABER variant of CN Heavy - its faster than alot of the miners out there when it come to using AMD cards especially the Vega range - the program also comes with a small exe that helps place your cards into compute mode if you cant find the settings on your other graphics card interface.

Cryptocurrency mining is an activity that secures a blockchain network. Miners dedicate vast amounts of computing power using CPUs, GPUs and specialized hardware to solve the hash that belongs to the next block of the chain. This is called ‘finding a block’ and miners earn a reward for their effort in finally finding the solution to gain access to that block. Miners compete against each other to find the most blocks with those who commit more hashing power finding more blocks in a statistically deterministic fashion. For TUBE and most other CryptoNight coins, the difficulty of finding the next block is adjusted continuously so blocks are found roughly every 120 seconds.
Mining secures the network because a malicious actor will require the majority of the network hash rate to attempt to manipulate transactions in a so-called ‘51% attack’. The bigger the network, the more expensive it is to execute such an attack. Additionally, more miners mean that the block reward will be shared among more users, reducing profitability and increasing the production cost and therefore arguably the inherent (thermodynamic) value of the coin.

BitTube Wallet Download

Click here to download their wallet from github. There are versions for Windows, Mac and Linux so make sure you choose the right zip file. Please take time to read the readme files within the zip files for instructions on instalation - be aware that you will have to 'sync' your wallet with the blockchain as you will have a copy of it on your computer like every other computer and it may take time to finish this process.

Privacy policy:- This website and extension neither collects, stores or shares data, third party or otherwise. The only data used is the current YouTube page the user is on, which is then 'tunnelled' to BitTube for video processing and relay through the browser.