The BitHome platform aims to make mining and staking simple and fun for anyone.
The BitHome software consists of a miner that allow users to easily leverage their PC (personal computer), or multiple PCs, to mine digital assets as well as earn the native token HOME.
The miner can be downloaded and started on a personal computer with just a few clicks. The miner is connected to the user’s BitHome dashboard and can be monitored remotely via the web application.
Miners are rewarded with a USDC equivalent value for their mining and will have the option to collect their earnings in a supported assets of their choice in the future.
Miners are also rewarded with their percentage of the HOME token in proportional interest to the work they are doing on the platform. HOME is the native token is used to reward miners and stakers for participation in the HOME ecosystem. HOME can be staked on the platform for additional rewards.
The miner can be downloaded and started on a personal computer with just a few clicks and is connected to the user’s BitHome platform account, which can be monitored remotely via the web application. The BitHome ecosystem, at the time of this writing, consists of the the web platform (https://bithome.finance/), the BitHome software downloadable on the PC, and the native BitHome Coin (HOME).
Why BitHome?
1) Interacting with mining and staking can be complex. It should be simple and fun. BitHome aims to accomplish this through simple tools, rewards, incentives, and community.
2) There is a lack of platforms that integrate both POW and POS. We wanted to easy-to-use tools to
interact with both.
3) BitHome believes people will continue to leverage computers to earn income and work for them. One of the purposes of BitHome is to allow users to easily leverage their personal computers to earn revenue through mining.
4) We expect that there will always be some form of mineable digital asset that can be earned by leveraging a personal computer or a form of GPU or CPU compute power.
5) After the Ethereum merge to POS there has been no great option for GPU miners. BitHome wants to provide a platform for GPU miners and additional incentives in the form of HOME.
6) There are millions of personal computers around the world not mining digital assets due to the lack of knowledge to do so. The BitHome platform aims to provide the simplest and most rewarding way to mine digital assets.
Our Mission
BitHome’s primary mission is to build simple tools that help people earn and engage with crypto in a safe and fun environment.
The Platform
The platform can be found at https://bithome.finance/ The BitHome platform serves as the hub for all BitHome activities related to digital assets. From the platform users can add personal computers by downloading the miner and running the mining software. Users can stake earned HOME coin for additional yields.
Mining Software
The BitHome Miner, in its current version, is a simple mining software that is downloaded to the PC in an easy to install format. In just a few clicks the user can run the miner on their personal computer. The miner can be monitored and managed remotely on the BitHome platform. The miner can be run on multiple personal computers with all information feeding the user’s dashboard.
The BitHome miner is designed to make mining simple for anyone with a personal computer and a capable graphics card. The miner does not require any configuration, or editing of code that is typically involved with mining. The miner is capable of switching between coins depending on the user’s system. In its current state, users are rewarded with USDC based on the earnings their PC is achieving. BitHome also has plans to add a feature that allows users to earn a supported coin of their choice such as Bitcoin, Etheruem, Avalanche Cosmos. BitHome takes a small (2%-3%) fee for mining services. There may be additional costs as BitHome leverages existing mining infrastructure such as pools and mining software.
Users running the BitHome miner and connected to the BitHome platform will be rewarded with their % of HOME tokens in proportional interest to the work their PCs are doing. 50% of the HOME is given to the MINERS on the platform.
The BitHome Coin (HOME)
HOME is the native token to the BitHome ecosystem and is used to reward and incentives miners and stakers on the BitHome platform.
There is no token sale or presale and is meant to be a fair distribution earned by the miners, stakers, and community.
BitHome coin (HOME) was launched on the Ethereum mainnet as an ERC20 token on Oct-16–2022 03:27:35 AM +UTC.
The maximum supply of HOME is 210M (10x the supply of Bitcoin). 7% of the maximum supply is released to the BitHome ecosystem each year. Example: during year 1, 14.7m coins are released, and can be earned by miners and stakers on the platform. HOME distribution is calculated in 10 min intervals (similar to Bitcoin blocks) and released to the miners and stakers. Home currently exists on the Ethereum blockchain with plans to integrate to other chains and or build BitHome’s own blockchain.
HOME is accounted for in 10 min increments. In its current state, on the Ethereum Blockchain, the annual batch of HOME is minted 1 once annually, but is distributed to miners and stakers according to the 10 min distribution rule (meant to represent 10min Bitcoin blocks and will have a purpose in the future goals of BitHome. This is also done to save gas fees on the ETH blockchain).
This means that when mining with the BitHome software the miner is earning HOME every 10 min and the batched HOME is accrued on the user’s dashboard. (Batches may be longer than 10 min, currently 30 min at the time of this writing).
HOME can be earned by mining or staking using the BitHome platform. HOME earned through the mining software and can then be staked on the staking section of the platform.
After the Ethereum merge to POS, GPU mining has undergone a major shift and left many miners without profitable options. HOME is designed to provide additional incentives when using the BitHome miner and platform. BitHome provides a platform to utilize earned HOME and stake HOME for additional yields.
Conclusion
As development around blockchains and digital assets continues forward, there will be an increasing need to help users interact with them. People will continue to leverage technology to earn passive income through activities such as mining and staking.
BitHome aims to provide a secure, simple, and fun environment forinteracting with these technologies.
