BitTube’s goal is to create a decentralized video service where there are never any ads. They want a platform that is always monetized for the publisher and always advertisement free for the user, whether its a video or a live stream. They are also using IPFS which allows for the videos to not be hosted in a centralized data center, but across the globe on many different systems. The mining algorithm is Cryptonight Saber which is a modification of Cryptonight heavy. They also retain 30% of every mined block for their air time service.
Now that we know the details about Bittube, let’s get to mining some TUBE!
Some General Mining Tips
So before we start this tutorial, I have two tips for making the most out of your mining experience. First make sure you have the latest drivers for your GPU’s. Secondly, most mining software will get flagged as a virus from virus scanners. Because of this, if your mining on your normal everyday use or gaming computer that has an antivirus installed, you will want to exclude the mining software from the antivirus. What I like to do, is I make one folder and then put all of my mining software in sub folders. I then exclude the top level folder from the antivirus and that excludes all the mining software.
The first thing we need is a mining pool. You can solo mine, but the payouts could take months depending on how powerful your mining rig is, and the mining pools usually charge a very small fee (1% or less). Using a pool will allow you to receive consistent payouts, multiple times per day. For Bittube, I am using the official pool at https://mining.bit.tube/ they charge 1% fees.