Bells (BELLS) Mining

1. Introduction

Bells (BELLS)

Homepage    White Paper    Explorer    Exchanges

BELLS was created by Shibetoshi, the founder of DOGE, in 2013. It is designed based on the currency from the Nintendo game "Animal Crossing." BELLS 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 BELLS nodes were relaunched in December 2023, garnering considerable attention. 

BELLS 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 BELLS, miners connecting their LTC hashrate to ViaBTC (the payment method needs to be PPS+ or PPLNS) will automatically receive BELLS 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 BELLS rewards by selecting both PPS+ and PPLNS. There is no fixed distribution ratio for BELLS, and the settlement method for BELLS 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 BELLS received. Additionally, BELLS 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 BELLS.

4. Assets Management

You can check your free earned BELLS in [My Assets]. BELLS now support manual withdrawals, automatic withdrawals (with zero fees and daily payments), and withdrawals to CoinEx exchange (with zero fees and real-time processing).