How to Mine Bitcoin SV?

June 11, 2025 3:45 pm

Bitcoin SV (BSV) is a cryptocurrency that was created to follow the original vision of Bitcoin as outlined by Satoshi Nakamoto. It entered the market in 2018 after a hard fork from Bitcoin Cash (BCH), which itself had forked from Bitcoin (BTC) a year earlier.

This move came after long debates over Bitcoin’s block size and future direction. Bitcoin SV supporters believe it brings back the original idea of Bitcoin as a fast, low-cost peer-to-peer payment system. Over the years, BSV has attracted miners and developers who want a stable and scalable blockchain for real-world use.

Bitcoin SV is built on a Proof-of-Work system, but with one big difference: it removes artificial limits on block size. This helps the network handle thousands of transactions per second with very low fees. It also supports smart contracts, token creation, and enterprise-grade applications. This article will show you how to mine Bitcoin SV and start earning from it efficiently.

Is Bitcoin SV Mining Profitable?

Bitcoin SV (BSV) mining can be profitable, but it depends on a few things. You need cheap electricity, good mining equipment, and a stable BSV price. With the best conditions, you might earn about £1 per day. However, high electricity costs can wipe out your profits, leaving you with nothing or even a loss.

To know if BSV mining works for you, use a BSV mining calculator. It lets you enter your electricity costs and equipment details. This tool shows if you’ll make money or lose it based on your setup.

Always check the market, as BSV’s price changes often. If prices drop or electricity costs rise, mining might not pay off. Stay updated and calculate carefully to decide if BSV mining is worth your time and money.

How to Mine Bitcoin SV: Our Top 6 Recommendations

To mine Bitcoin SV successfully, you need the right hardware, proper software, and continuous monitoring. Here are our top 5 recommendations.

1. Acquire the Right Hardware

Bitcoin SV uses the SHA-256 algorithm, which demands highly specialised mining hardware. General-purpose CPUs or GPUs do not stand a chance against the hash rate of this network.

You must invest in ASIC (Application-Specific Integrated Circuit) devices built to handle SHA-256 mining. These machines offer high hash rates and stable performance while maintaining power efficiency. Some of the most effective ASIC models for Bitcoin mining also work well for Bitcoin SV.

Before purchasing, always check the device’s hash rate, power usage, and manufacturer support for firmware updates.

2. Set Up Your Mining Rig

Once your ASIC devices arrive, you must install and configure them for stable long-term operation. Mount the ASIC miner securely and connect it to a constant power source. Plug the device into an internet-enabled computer using an ethernet cable.

ASIC miners produce a large amount of heat, so ensure your space has proper ventilation. Use multiple fans or ambient air-conditioning to control the temperature.

Without proper cooling, the device may overheat and throttle performance. You should also assess your power supply. The energy demand is high, so check that your outlets, surge protection, and wiring can handle long-duration use.

3. Choose and Join a Mining Pool or Mine Solo

You can mine Bitcoin SV solo or through a mining pool. However, solo mining is rarely profitable unless you own a significant volume of ASICs.

Mining pools combine hash power from multiple users to increase the chance of finding a block. When a block gets validated, the pool distributes rewards according to each miner’s contribution. Pool mining offers consistent payouts, better uptime, and shared resources.

If you are new to mining, joining a pool gives you quicker results and lowers the barrier to entry. Choose a reliable mining pool with transparent reward structures and good community support.

4. Set Up Mining Software

Now, you need to install mining software that connects your ASIC miner to the mining pool. Most mining pools recommend software like CGMiner or BFGMiner, both of which support SHA-256 mining. After installation, configure the software with your mining pool’s server address, your worker name, and your login credentials.

You can also tweak settings such as fan speed or operating frequency directly within the software. These settings help you control noise and temperature. Always check for firmware or software updates. Keeping your system updated ensures maximum mining efficiency and security against vulnerabilities.

5. Configure a BSV Wallet

Before mining starts, you must create a secure Bitcoin SV wallet. This wallet will store your mined rewards. Choose a hardware wallet if you plan to store BSV for the long term. For short-term usage or frequent transactions, a software wallet works well.

After setup, the wallet provides a receive address, which you’ll enter in your mining pool dashboard. This ensures that all mining rewards automatically go to your wallet. Always store your private keys or seed phrases safely.

Without these credentials, you will not be able to access your BSV in case of device failure or account issues.

6. Start Mining and Monitor Performance

After setup, you can start your miner and let it begin solving proof-of-work challenges. The mining software will calculate hashes and send shares to the pool. Open your mining dashboard to check real-time statistics like hash rate, power usage, temperature, and earnings.

These metrics help you assess whether your mining operation runs smoothly. If you notice inconsistencies or poor performance, inspect your internet connection, cooling setup, and power limits.

Make sure to update firmware regularly and check for changes in network difficulty. With consistent monitoring and proper maintenance, your Bitcoin SV mining setup can remain profitable over time.

How Does Bitcoin SV Mining Work?

Bitcoin SV (BSV) mining uses the original Bitcoin protocol’s design while focusing on massive on-chain scalability. The network depends on proof-of-work and the SHA-256 algorithm to validate transactions and secure the chain. Here’s how Bitcoin SV mining operates in detail.

SHA-256 and the Block Header Structure

Bitcoin SV mining uses the SHA-256 cryptographic hash function, which serves as the foundation of its mining algorithm. Each time a miner attempts to validate a block, they hash the block header using SHA-256 twice. The block header summarises the block and includes several important components:

Previous Block Hash – Links the current block to the one before it, preserving the blockchain’s sequence and security.
Merkle Root – Represents all transactions in the block through a single hash, derived from a Merkle tree.
Timestamp – Marks the exact time the block was created.
Difficulty Target (Bits) – Sets the required difficulty level, determining how hard it is to find a valid hash.
Nonce – A variable that miners alter repeatedly to generate new hash outputs.

Miners change the nonce and hash the block header until the result falls below the target threshold, ensuring fairness and randomness.

The Proof-of-Work Puzzle

At the core of Bitcoin SV mining lies the Proof-of-Work mechanism. This system makes mining resource-intensive and competitive.

The Hash Puzzle – Miners search for a nonce that, when combined with the block header and hashed, creates an output lower than the difficulty target.
Intensive Computation – Miners perform trillions of SHA-256 hash calculations per second. If changing the nonce does not yield a valid hash, they adjust other fields such as the coinbase transaction. This, in turn, changes the Merkle root and gives them a fresh set of possibilities.

This trial-and-error process ensures network security and makes it extremely costly for any actor to manipulate the blockchain.

Iteration and Nonce Searching

Mining in Bitcoin SV is a continuous, iterative process that requires constant adjustments.

Nonce Incrementing – Miners test billions of nonce values across the 32-bit space to try and find a valid block hash.
Changing the Merkle Root – When all nonce options have been exhausted, miners tweak the coinbase transaction, altering the Merkle root and restarting the process.
Block Validation – When a miner finds a nonce that produces a valid hash, the block becomes a candidate for confirmation. The rest of the network then verifies it using a simpler hash check.

This method rewards consistency, computational power, and timing, making block discovery unpredictable yet fair.

Difficulty Adjustment and Network Synchronisation

Bitcoin SV uses a dynamic difficulty adjustment to maintain regular block production intervals, ensuring stable operation across the network.

Target Adjustment – The network recalculates the difficulty level periodically based on how quickly previous blocks were mined and the total hash rate. If blocks are found too quickly, the difficulty increases. If they take too long, it decreases.
Protocol Alignment – Despite BSV’s focus on large block sizes and enterprise-level throughput, its mining protocol remains consistent with the original Bitcoin design.

Miners typically use ASIC machines optimised for SHA-256 hashing, ensuring maximum performance while aligning with the network’s long-term scalability goals.

How Long Does It Take to Mine One Bitcoin SV?

Mining one Bitcoin SV (BSV) takes time, even with powerful machines. If you use an Antminer S21 Hyd, it will take about 3 days to mine one full BSV coin. This is because the device can solve the mining puzzles quickly due to its high speed and strong performance.

If you use an Antminer S19 XP Hyd instead, the process is a bit slower. With this machine, it takes around 4 days to mine one BSV. Although it is still a good miner, it is not as fast or energy-efficient as the newer models.

The exact time can change based on the network’s difficulty and your mining setup. If more miners are active, your chances of earning a coin quickly may go down. But with the right hardware and enough power, mining one BSV within a few days is possible.

Also Read: Where to buy Bitcoin SV

How Difficult Is It to Mine Bitcoin SV?

Mining Bitcoin SV (BSV) is quite tough because it uses a strong SHA-256 Proof-of-Work system. This means miners need to solve complex math puzzles to add new blocks. The difficulty level changes often based on how many people are mining. If more miners join, the system makes the puzzles harder to keep block time steady at around 10 minutes.

To mine BSV, you need powerful machines. The network’s hash rate is very high, so using regular computers or gaming graphics cards will not work. Only advanced ASIC miners can keep up with the speed and competition on the network.

These ASIC machines, like the Antminer S19 Pro, use a lot of electricity and cost a lot to run. Miners must think about both the cost of the hardware and the power it uses. So, while mining BSV is possible, it is not easy or cheap. You need serious investment to succeed.

What All Do You Need to Mine Bitcoin SV?

To mine Bitcoin SV (BSV) successfully, you need a few important things. These include strong mining hardware, the right software, and access to a reliable mining pool. Let’s break each part down to help you get started.

Hardware Requirements

Mining BSV needs powerful machines. Normal laptops or home PCs will not work. You must use special equipment called ASIC miners. These are made to solve the complex maths problems used in mining. Below are some top choices.

Antminer S19 Pro

This ASIC miner is popular because of its strong performance. It offers a 110 TH/s hash rate, which means it can process tasks quickly. It also uses energy efficiently, making it a good choice for serious miners.

WhatsMiner M30S++

This machine has one of the highest hash rates at 112 TH/s. It is built for high output and works well for large-scale mining. Though it uses more power, it offers better rewards over time.

DragonMint T1

The DragonMint T1 is a solid option for smaller mining setups. It gives a 16 TH/s hash rate and uses less energy. It is a good pick if you want to start small and spend less on equipment.

Mining Software

After choosing the hardware, you need mining software. This software connects your machine to the Bitcoin SV network and manages your mining tasks. Here are some useful tools.

CGMiner

CGMiner is a trusted open-source mining tool. It uses a command-line interface, which gives you more control. It is ideal for users who are comfortable with typing commands.

BFGMiner

BFGMiner is flexible and supports different algorithms. It also works well with various devices. Like CGMiner, it uses a command-line setup and is suitable for advanced users.

EasyMiner

EasyMiner is great for beginners. It offers a clean graphical interface, so you do not need to type commands. It makes mining simple and easy to follow.

Awesome Miner

Awesome Miner helps manage many mining rigs from one place. It is useful if you run a large operation. It supports both command-line and graphic interfaces.

Mining Pools

Joining a mining pool gives you a better chance to earn steady rewards. Pools combine the power of many miners and share the profits based on your input.

SVPool

SVPool is made especially for Bitcoin SV miners. It offers a simple setup and has support from the BSV community. It suits both new and experienced miners.

Mempool

Mempool is known for low fees and reliable service. It gives you real-time updates and fair reward sharing. It is a solid choice for steady payouts.

ViaBTC

ViaBTC supports different SHA-256 coins, including BSV. It offers fast connections and has a global network. You can also track your rewards with ease.

F2Pool

F2Pool is one of the biggest mining pools in the world. It has strong servers and good support. If you want to mine BSV with less risk, this is a safe option.

Other Things You Will Need

Mining is more than just machines and software. You also need the right setup at home or your workplace. Here are some extra things to keep in mind:

BSV Wallet – Store your mined BSV safely. Use a trusted hardware wallet for best security.
Stable Internet – Make sure your miner is always online. Even short drops can affect your rewards.
Cooling System – ASIC miners get very hot. Use fans or coolers to prevent overheating.
Low Electricity Cost – Mining uses a lot of power. If your electricity is cheap, you can earn more.

Top Wallets to Store Your Bitcoin SV

Choosing the right wallet for your Bitcoin SV (BSV) holdings ensures both security and convenience. BSV requires wallets that support its unique protocol and provide users with full control of their funds. Whether you’re holding long-term or actively transacting, the wallets below offer strong features tailored to Bitcoin SV users.

Guarda Wallet

Guarda Wallet supports Bitcoin SV through a non-custodial structure, ensuring users maintain full control of their private keys. The wallet features multi-platform access, including mobile, desktop, and browser extensions. It also offers built-in exchange options, fast transactions, and a clean interface for both beginners and experienced crypto holders.

Coinomi Wallet

Coinomi Wallet provides native support for Bitcoin SV, offering multi-language capabilities and enhanced privacy features. The wallet enables quick BSV transactions without compromising on security. It also includes in-app swaps and support for hundreds of coins, making it suitable for users who prefer managing multiple assets in one place.

Exodus Wallet

Exodus Wallet combines stylish design with strong Bitcoin SV support. Users can easily send, receive, and exchange BSV through its integrated platform. The wallet also offers desktop and mobile versions, portfolio tracking, and integration with hardware wallets, giving users both convenience and peace of mind.

Atomic Wallet

Atomic Wallet supports Bitcoin SV and provides full decentralisation with encrypted private key storage. It includes an intuitive interface, staking features for supported coins, and atomic swaps for select tokens. Users can access their BSV wallet across platforms while benefiting from in-app customer support and regular updates.

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Frequently Asked Questions

Why Does Electricity Cost Matter So Much For Bitcoin SV Miners?

Electricity expenses play a pivotal role in overall mining profitability. ASIC miners consume significant power continuously; even efficient models like Antminer S21 Hyd or S19 XP Hyd require substantial input. If you pay high per‑kWh rates, your operational costs may outweigh mining earnings. Miners in regions with low electricity tariffs stand a better chance of turning a profit.

How Should You Secure And Store The BSV You Mine?

Securing your earned BSV demands robust wallet practices. Always use wallets that explicitly support Bitcoin SV, whether hardware (Ledger, Trezor) or reputable software wallets. Avoid auto-withdraw to exchange addresses; instead, send mined coins to a private address you control. Keep private keys offline, back them up in multiple secure locations, and if possible, encrypt the backup. This mitigates risk from exchange hacks, legal issues or errors.

Can You Switch Between Mining BSV And BTC Easily?

Yes — since Bitcoin SV and Bitcoin (and Bitcoin Cash) all rely on SHA‑256, you can switch mining between them based on profitability. The same ASIC hardware is compatible. Modern mining software and some pools support multiple coin algorithms and automatic switching, letting you maximise returns by mining the most profitable chain at any given time. Do be aware that price and difficulty shifts could impact your strategy.

How Do You Select Appropriate Mining Software For BSV?

Choosing software begins with compatibility and features. For ASIC-based SHA‑256 mining, popular choices include CGMiner, BFGMiner and EasyMiner, which support custom configurations and remote monitoring. Look for software that offers robust error logging, remote control, status dashboards and regular updates. Security is also critical—ensure the software avoids sending data to unauthorised servers.