Bells (BEL) Mining

1. Introduction

Bells (BEL)

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BEL  was created by Shibetoshi, the founder of DOGE, in 2013. It is designed based on the currency from the Nintendo game "Animal Crossing." BEL did not achieve the same level of popularity as DOGE and experienced a near halt in development over time. Inspired by the tenth anniversary of DOGE, the BEL nodes were relaunched in December 2023, garnering considerable attention. 

BEL utilizes the Scrypt algorithm, the same as LTC and DOGE, and supports mining with Scrypt ASIC miners, allowing LTC miners to engage in the mining process.

2. Merged Mining

Merged Mining refers to a process where miners provide hashrate that not only earns mining rewards from the primary coin being mined but also generates additional rewards from other coins. This means that a single unit of hashrate can earn multiple rewards. 

For example, in the case of BEL, miners connecting their LTC hashrate to ViaBTC (the payment method needs to be PPS+ or PPLNS) will automatically receive BEL without needing to take any additional actions.

For more information on Merged Mining, please refer to What’s Merged Mining?

3. Mining Reward

(1) LTC miners can earn BEL rewards by selecting both PPS+ and PPLNS. There is no fixed distribution ratio for BEL, and the settlement method for BEL is PPLNS, meaning that rewards for mining in the LTC pool will be distributed to miners proportionally based on their real hashrate, resulting in variable amounts of BEL received. Additionally, BEL utilizes a random reward mechanism, leading to substantial variations in the values and probabilities of mining rewards across different time periods. For detailed information on the specific block reward probabilities for each period, please refer to the "TOKENOMICS" section on the BEL official website.

(2) The halving of LTC will not affect the distribution of BEL.

4. Assets Management

You can check your free earned BEL in [My Assets]. We will soon introduce several transfer methods to give you greater flexibility in managing your BEL assets. These options will include Normal Transfer, Auto Withdrawal (with zero fees and daily payment), and Transfer to CoinEx ( with zero fees and real-time processing). Be sure to stay tuned for our upcoming official updates.