BCHA Coin Investment Guide: Complete Tutorial on Buying, Mining, Price Trends, and Wallet Storage

Investing in BCHA coins requires a multi-angle in-depth understanding, from understanding what BCHA coins are, analyzing their price trends, to how to purchase and mine them, as well as secure wallet storage—each step is crucial. This BCHA investment guide will detail the technical features of BCHA coins, provide market trend analysis, and offer purchasing strategies on exchanges like Gate, ensuring the safety of your assets. Get ready to embark on this new journey in cryptocurrency!

BCHA coins are an independent cryptocurrency project created after Bitcoin Cash underwent a hard fork in November 2020. Bitcoin Cash itself is a fork of Bitcoin from August 2017, aimed at achieving ideal peer-to-peer payments. The focus of this BCHA investment guide is to understand its unique technical features. BCHA introduces the ASERT 3-2d mining difficulty adjustment algorithm, which is more dynamic and efficient compared to the original difficulty adjustment mechanism. This improvement allows BCHA to better adapt to hash rate fluctuations and maintain stable block times. BCHA uses the SHA256d algorithm for mining, consistent with Bitcoin and Bitcoin Cash. According to current information, the total supply of BCHA is set at 21 million coins, the same as Bitcoin, to ensure scarcity. The project has made multiple technical modifications to its protocol, differentiating it from Bitcoin Cash.

According to the latest market data, Bitcoin Cash (BCH) is currently priced at $551.89, with a 24-hour trading volume of $351,287,760.67. To analyze BCHA coin price trends, it is important to note the relationship between BCHA and BCH. Initially, after the 2020 fork, BCHA’s price was similar to BCH, but over time, the two have gradually diverged. In the past 30 days, BCH has increased by 16.09%, in the past 60 days by 18.56%, and in the past 90 days by -7.12%, showing market cyclical volatility.

BCH has a total market capitalization of $11,019,926,178.69, accounting for 0.37% of the market, ranking 11th among cryptocurrencies. BCHA price movements tend to have a positive correlation with mainstream coins and are heavily influenced by macro market sentiment. The number of trading pairs reaches 1105, indicating relatively sufficient liquidity. Investors should pay attention to external factors such as policy environment and Bitcoin trends that impact its price.

To purchase BCHA coins, you first need to select a trading platform that supports this coin. Major exchanges like Binance, OKEx, etc., support related trading. First, investors need to register on the exchange and complete identity verification. Most platforms require KYC verification, including submitting ID documents and facial recognition. Verification is usually completed within 24 hours. After verification, investors can link their bank card or e-wallet for deposits. Choose to deposit RMB or USD via USDT or other stablecoins, then search for BCHA or BCH trading pairs. On the trading page, select limit or market orders, enter the purchase amount and price, and submit the order.

When buying BCHA, pay attention to order depth and slippage risk. Check the order book to ensure that the purchase amount does not cause excessive price impact. It is recommended for beginners to buy small amounts first to test the waters, then increase the amount after familiarizing themselves with the trading process. Transaction fees vary significantly across exchanges, typically between 0.05% and 0.1%. After completing the purchase, funds will enter your exchange account and can be withdrawn to your personal wallet at any time. Additionally, choosing exchanges with good security records and high liquidity is crucial.

BCHA mining requires understanding hardware requirements first. Since BCHA uses the SHA256d algorithm, professional ASIC miners are necessary. Common models include Ant S19, S19 Pro, S21 series, etc. These miners have a hash rate measured in TH/s (terahashes per second), with prices generally between $3,000 and $12,000. CPUs or GPUs alone cannot effectively mine BCHA, as the cost-to-profit ratio is not economical.

Mining profit calculations involve multiple factors. For example, if you purchase a miner with 100TH/s hash rate, with an estimated daily power consumption of about 240 kWh. At an average electricity cost of $0.5 per kWh, the daily electricity cost is $120. The higher the network difficulty, the lower the yield per unit of hash rate. Based on current difficulty, such a miner can produce approximately 0.001 to 0.005 coins per day, depending on overall network hash rate and difficulty. Actual mining requires joining a mining pool; popular professional pools like ViaBTC support BCHA mining. Pool fees range from 1% to 3%.

The practical steps for BCHA mining include downloading mining software, configuring pool and wallet addresses. Enter the pool server address, port, and worker information in the miner settings. Start mining and monitor real-time hash rate and status. Ensure a stable power supply and cooling solutions; operating temperature should be kept below 60°C. Regularly check hardware status and clean dust to maintain efficiency.

Secure storage of BCHA coins is key to protecting assets. Cold wallets refer to offline storage solutions that are not connected to the internet, offering higher security than hot wallets. Hardware cold wallets like Ledger Nano S and Trezor support multiple cryptocurrencies. After purchasing a hardware wallet, follow the official instructions to set it up, generate seed phrases and private keys. Be sure to write down the 12 or 24-word seed phrase on paper and store it securely—do not take photos or store digitally.

Software cold wallets achieve secure storage through offline signing techniques. Generate wallet addresses and private keys on an offline computer, then transfer the public address to an online device for transactions. This way, even if the online device is hacked, the assets in the cold wallet remain safe. When storing BCHA coins, avoid operating on public Wi-Fi networks to prevent man-in-the-middle attacks stealing private keys. Regularly back up wallet files and store backups in multiple geographically dispersed secure locations. For large assets, multi-signature wallets are recommended, requiring multiple private keys to authorize transfers, further enhancing security.

This article provides a comprehensive BCHA investment guide, including purchasing, mining, price trends, and storage strategies. By analyzing its technical features and market performance, it helps investors understand BCHA’s unique value. The article details how to buy BCHA on exchanges like Gate, introduces effective mining equipment requirements and profit calculations, and offers methods for secure wallet storage to safeguard assets. Whether you are a beginner or an experienced investor, this guide offers valuable insights and practical tips. #BCHA#