Like Bitcoin, Bata works this way: Every time somebody spends a Bata, that transaction is recorded in a public ledger. For example, if you have 10 Bata in your wallet and send 7 to someone else, that transaction goes in the ledger, and everyone knows that your wallet only has 3 Bata now. If you try to send somebody else 5 Bata tomorrow, that transaction will be rejected because it’s a matter of public record that your wallet doesn’t have the coins. For the system to work, the public ledger has to be completely trustworthy. It has to be impossible for anyone to record a fraudulent transaction. Bata accomplishes this using cryptography (hence the “crypto” in “cryptocurrency”), in a process that requires many computers, all connected in a single peer-to-peer network. In order to incentivize people to participate in this transaction-verifying network, BTA are periodically generated and awarded to the machines engaged in maintaining the public ledger.
Bata is a cryptocurrency like Bitcoin, though it uses some fundamentally different algorithms to process, called “Scrypt”. Initially this made it easier for people with home computers to mine, but dedicated mining machines called ASICs can now process Scrypt coins like Bata, making it difficult to get in without a large investment. Still, if you want to try your hand at mining, you can have everything setup in an afternoon, and if you join a mining pool you can start seeing Bata returns almost immediately.
Understand the basics of cryptocurrency mining. Traditional currencies are printed to increase the amount of cash in circulation. Cryptocurrency such as Bata is generated by machines that solve complex algorithms. Whenever a “block” of algorithms is finished being processed, more currency is released into the market, usually as a reward to the miner that finished the block.
Mining algorithms become more difficult as more currency is mined. This is intentional as it helps prevent all of the possible currency from being mined immediately. The practical side effect is that the longer you wait to start mining, the less likely you are to solve blocks on your own.
Mining pools were created to help individuals have a better chance at making money from mining. The mining pool applies all of its members’ processing power to solving a block, and if the block is finished by any member, all members get a share of the reward. You’ll get far less reward than if you finished the block on your own, but have much higher chances of actually seeing results.
Consider an ASIC Scrypt miner. These are dedicated mining machines that can greatly increase your mining power, but they can be expensive for effective ones. ASIC Scrypt miners can come in low-power models too, allowing you to save on electricity.
One of the big benefits of a Scrypt miner is that you can easily change it to mine a more profitable coin as long it is Scrypt-based like Bata.
Get a Bata wallet. You will need this wallet to store the coins that you earn while mining, or any coins that you purchase or receive. You can download the Wallet from this site. There are also official wallets available for mobile devices.
Download the Bootstrap file from here. This will save you time waiting for your wallet to sync for the first time.
Encrypt your wallet by clicking “Settings” → “Encrypt Wallet”. Give it a strong passphrase. Do not forget or lose this password, or your coins will be lost.
Join a mining pool. There are a large number of mining pools out there, and it is highly recommended that new miners join a pool instead of trying to mine solo. When you mine solo, you have the chance to make big rewards for completing a block, but the chances of you specifically doing that are very, very low. A mining pool combines the efforts of everyone in the pool to complete the block, and then any rewards are split amongst the pool. You’ll earn less for completed blocks, but have a much better chance at a a steady income.
When joining a pool, make sure that your wallet is linked to your account so that you can collect your earnings.
Create a “worker” in your pool. A mining pools use a system called “workers”. These workers are assigned to you, and represent the work you are doing while mining. The process for creating workers varies depending on the mining pool you join.
Many mining pools will create your first worker automatically when you register. The worker will typically be named “username_1” or “username.1”.
Most beginner miners won’t need more than one worker. You can create additional workers if you have multiple mining rigs. Typically you assign a worker to each piece of mining equipment you have, which allows you to track efficiency across your machines.
Download a mining program. There are several different mining programs available depending on your needs:
cgminer – This is a good all-around mining program. It was designed primarily for Bitcoin, but can mine Scrypt up to version 3.7.2.
cudaMiner – This is a mining program specifically for Nvidia graphics cards. You can download it here.
cpuminer – This is a mining program that is designed for use for CPU mining. This is much less efficient than using a graphics card, but for some it’s the only way available. You can download it here.
Configure your mining program. Different mining programs have different configuration processes. Below are instructions for setting up cgminer in Windows. You will need to know your mining pool connection details, including the “stratum” (address), port number, and your worker information. Your mining pool should have detailed instructions on configuring your miner for the pool.
Extract cgminer to an easily accessible folder, such as C:\cgminer.
Press ⊞ Win+R and type cmd to open the command prompt. Navigate to the cgminer folder.
Type cgminer.exe -n to scan for your graphics card.
Open Notepad and type the following, using your mining pool information: start “c:\cgminer” –scrypt -o STRATUM:PORT -u WORKER -p PASSWORD
Click “File” → “Save As” and then save it as a “.bat” file.
Double-click your .bat file to start mining. Once your miner is configured and connected to your pool, you can begin the mining process. The command prompt window will display the results of your mining as it happens, such as the rate you are mining at and how much you’ve accomplished. Some miners will tell you the market value and your mining pool information as well.
Try to avoid running any other programs while the computer is mining. Anything else that you run will only hurt your miner’s efficiency, which will lower your profits.
Monitor your system hardware. Mining is very taxing on your hardware, as it constantly pushes it to its maximum limit. Make sure that you keep an eye on your temperatures to prevent any overheating, which can destroy your equipment.
While running your equipment 24/7 will give you the best mining results, it will also kill your hardware much quicker. You may want to consider powering down every once in a while.
Continue to check your profitability. As you continue mining, check your power bills and computer costs and compare them against the coins you are earning through mining. If you aren’t making a profit, you may want to consider selling your equipment to help recoup a potential loss.
Use online profit checking tools such as CoinWarz (coinwarz.com) to calculate up-to-the-minute profitability reports. Refer to your power bill to find your exact kW/h price, as well as the amount of power that you use each month.
If you’ve accumulated some powerful hardware and want to strike it rich, consider leaving your mining pool and mining solo. This should only be considered if you have a lot of experience mining in a pool, have a good grasp on the Bata market, and have a serious mining hardware setup (multiple server racks of ASIC miners, ideally in a climate-controlled environment). Make sure to use a profit calculator to ensure that mining solo will make financial sense.
Alternatively you can rent hash at MiningRigRentals, no hardware issues, no special problems required.
To strengthen the BTA network spread your hashing power between pools and make sure you are mining Bata, not being paid out in Bata.
Please remember to withdraw your BTA regularly a pool address is not designed to be a wallet.