Crypto Mining for Beginners. Is it really worth it?
Image from blokt.com Mining cryptocoins is an arms race that rewards early adopters. You might have heard of Bitcoin, the first decentralized cryptocurrency that was released in early 2009. Similar digital currencies have crept into the worldwide market since then, including a spin-off from Bitcoin called Bitcoin Cash. You can get in on the cryptocurrency rush if you take the time to learn the basics properly.
Which Alt-Coins Should Be Mined?
Image from btcwarp.com If you had started mining Bitcoins back in 2009, you could have earned thousands of dollars by now. At the same time, there are plenty of ways you could have lost money, too. Bitcoins are not a good choice for beginning miners who work on a small scale. The current up-front investment and maintenance costs, not to mention the sheer mathematical difficulty of the process, just doesn't make it profitable for consumer-level hardware. Now, Bitcoin mining is reserved for large-scale operations only. Litecoins, Dogecoins, and Feathercoins, on the other hand, are three Scrypt-based cryptocurrencies that are the best cost-benefit for beginners. Dogecoins and Feathercoins would yield slightly less profit with the same mining hardware but are becoming more popular daily. Peercoins, too, can also be a reasonably decent return on your investment of time and energy. As more people join the cryptocoin rush, your choice could get more difficult to mine because more expensive hardware will be required to discover coins. You will be forced to either invest heavily if you want to stay mining that coin, or you will want to take your earnings and switch to an easier cryptocoin. Understanding the top 3 bitcoin mining methods is probably where you need to begin; this article focuses on mining "scrypt" coins. Also, be sure you are in a country where bitcoins and bitcoin mining is legal.
Is It Worth It to Mine Cryptocoins?
As a hobby venture, yes, cryptocoin mining can generate a small income of perhaps a dollar or two per day. In particular, the digital currencies mentioned above are very accessible for regular people to mine, and a person can recoup $1000 in hardware costs in about 18-24 months. As a second income, no, cryptocoin mining is not a reliable way to make substantial money for most people. The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000-$5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more.
Set Reosonable Expectations
If your objective is to earn substantial money as a second income, then you are better off purchasing cryptocoins with cash instead of mining them, and then tucking them away in the hopes that they will jump in value like gold or silver bullion. If your objective is to make a few digital bucks and spend them somehow, then you just might have a slow way to do that with mining. Smart miners need to keep electricity costs to under $0.11 per kilowatt-hour; mining with 4 GPU video cards can net you around $8.00 to $10.00 per day (depending upon the cryptocurrency you choose), or around $250-$300 per month. The two catches are: 1) The up-front investment in purchasing 4 ASIC processors or 4 AMD Radeon graphic processing units 2) The market value of cryptocoins Now, there is a small chance that your chosen digital currency will jump in value alongside Bitcoin at some point. Then, possibly, you could find yourself sitting on thousands of dollars in cryptocoins. The emphasis here is on "small chance," with small meaning "slightly better than winning the lottery." If you do decide to try cryptocoin mining, definitely do so as a hobby with a very small income return. Think of it as "gathering gold dust" instead of collecting actual gold nuggets. And always, always, do your research to avoid a scam currency.
How Cryptocoin Mining Works
Let's focus on mining scrypt coins, namely Litecoins, Dogecoins, or Feathercoins. The whole focus of mining is to accomplish three things: - Provide bookkeeping services to the coin network. Mining is essentially 24/7 computer accounting called "verifying transactions." - Get paid a small reward for your accounting services by receiving fractions of coins every couple of days. - Keep your personal costs down, including electricity and hardware.
The Laundry List: What You Will Need to Mine Cryptocoins
https://preview.redd.it/gx65tcz0ncg31.jpg?width=1280&format=pjpg&auto=webp&s=f99b79d0ff96fe7d529dc20d52964b46306fb070 You will need ten things to mine Litecoins, Dogecoins, and/or Feathercoins. 1) A free private database called a coin wallet. This is a password-protected container that stores your earnings and keeps a network-wide ledger of transactions. 2) A free mining software package, like this one from AMD, typically made up of cgminer and stratum. 3) A membership in an online mining pool, which is a community of miners who combine their computers to increase profitability and income stability. 4) Membership at an online currency exchange, where you can exchange your virtual coins for conventional cash, and vice versa. 5) A reliable full-time internet connection, ideally 2 megabits per second or faster speed. 6) A hardware setup location in your basement or other cool and air-conditioned space. 7) A desktop or custom-built computer designed for mining. Yes, you may use your current computer to start, but you won't be able to use the computer while the miner is running. A separate dedicated computer is ideal. Do not use a laptop, gaming console or handheld device to mine. These devices just are not effective enough to generate income. 8) An ATI graphics processing unit (GPU) or a specialized processing device called a mining ASIC chip. The cost will be anywhere from $90 used to $3000 new for each GPU or ASIC chip. The GPU or ASIC will be the workhorse of providing the accounting services and mining work. 10) A house fan to blow cool air across your mining computer. Mining generates substantial heat, and cooling the hardware is critical for your success. 11) You absolutely need a strong appetite of personal curiosity for reading and constant learning, as there are ongoing technology changes and new techniques for optimizing coin mining results. The most successful coin miners spend hours every week studying the best ways to adjust and improve their coin mining performance. Original Blog Post: https://www.lifewire.com/cryptocoin-mining-for-beginners-2483064
how to shibecoin v rich in minutes much instruct so simple any doge can do
UPDATE 1/21/14: I'm not updating this guide anymore. Most of the steps should still work though. See the wiki or check the sidebar for updated instructions. Before you do anything else, you need to get a wallet. Until there's a secure online wallet, this means you need to download the dogecoin client. Now open the client you just downloaded. You'll be given a default address automatically, and it should connect to peers and start downloading the dogechain (aka blockchain in formal speak). You'll know because there will be a progress bar at the bottom and at the lower right there should be a signal strength icon (TODO: add screenshots). If you've waited 2 or 3 minutes and nothing is happening, copy this:
And paste it into a new text file called dogecoin.conf, which you then place into the dogecoin app directory.
On Windows this is C:\Users\[YOUR_USER]\AppData\Roaming\DogeCoin
On Macs it's ~/Library/Application Support/DogeCoin
Now restart your qt client and the blockchain should start downloading in about 1-2 minutes. Once it finished downloading, you're ready to send and receive Dogecoins!
Decide how you want to get Dogecoin. Your options are:
I'll go into detail about each of these. I'm currently writing this out. I'll make edits as I add sections. Suggestions are welcome.
Mining is how new dogecoins are created. If you're new to crypto currencies, read this. To mine (also called "digging"), a computer with a decent GPU (graphics card) is recommended. You can also mine with your CPU, but it's not as efficient.
These instructions cover only Windows for now. To mine, you'll need to figure out what GPU you have. It'll be either AMD/ATI or Nvidia. The setup for both is approximately the same.
Step One: Choose a pool
There's a list of pools on the wiki. For now it doesn't really matter which one you choose. You can easily switch later. NOTE: Youcanmineintwoways.Solominingiswhereyouminebyyourself.Whenyoufindablockyougetallthereward.Poolminingiswhenyouteamupwithotherminerstoworkonthesameblocktogether.Thismakesitmorelikelythatyou'llfindablock,butyouwon'tgetallofit,you'llhavetosplititupwithothersaccordingtoyourshareofthework.Poolminingisrecommendedbecauseitgivesyoufrequentpayouts,becauseyoufindmoreblocks.Thelargerthepoolyoujoin,themorefrequentthepayouts,butthesmallertherewardyouget. Overalongperiodoftimethedifferencebetweenpoolandsolomininggoesaway,butifyousolomineitmightbemonthsbeforeyougetanycoins.
Step two: Set up pool account
The pool you chose should have a getting started page. Read it and follow the instructions. Instructions vary but the general idea is:
Create an account
Create a worker under the account
Grab the mining URL (usually on the getting started page)
Setup your cash out options in your account settings by entering one of your wallet's receiving addresses
When you're done with this, you'll need to know:
Your account, worker name, and worker password
The mining (stratum) URL (usually the pool's URL followed by a port)
Step three: Download mining software
For best performance you'll need the right mining software.
Create a text file in the same folder as your miner application. Inside, put the command you'll be running (remove brackets). For AMD it's cgminer.exe --scrypt -o stratum+tcp://: -u -p For Nvidia it's cudaminer.exe -o stratum+tcp://: -O : Substitute the right stuff in for the placeholders. Then on the next line of the text file type pause. This will let you see any errors that you get. Then save the file with any name you want, as long as the file extension is .bat. For example mine_serverName.bat.
Step five: Launch your miner
Just open the .bat file and a command line window should pop up, letting you know that the miner is starting. Once it starts, it should print out your hash rate. If you now go to the pool website, the dashboard should start showing your hashrate. At first it'll be lower than what it says in the miner, but that's because the dashboard is taking a 5 minute average. It'll catch up soon enough. NOTE: Anormalhashrateisbetween50Kh/suptoeven1Mh/sdependingonyourGPU.
You're now mining Dogecoins
That's it, nothing more to it.
CPU mining isn't really recommended, because you'll be spending a lot on more on power than you'd make from mining Dogecoin. You could better spend that money on buying Dogecoin by trading. But if you have free electricity and want to try it out, check out this informative forum post.
Trading has been difficult so far, but Dogecoin just got added to a few new exchanges. If you don't have a giant mining rig, this is probably the best way to get 100k or more dogecoins at the moment. I'll write up a more complete guide, but for now check out these sites:
Faucets are sites that give out free coins. Usually a site will give out somewhere between 1 and 100 Dogecoin. Every site has its own time limits, but usually you can only receive coins once every few hours, or in some cases, days. It's a great way to get started. All you do is copy your address from the receive section of your wallet and enter it on some faucet sites. Check out /dogecoinfaucets for more. If you go to each site on there you might end up with a couple hundred Dogecoin!
This method is pretty straightforward. Post your receiving address, and ask for some coins. Such poor shibe. The only catch is, don't do it here! Please go to /dogecoinbeg.
Other redditors can give you Dogecoin by summoning the tip bot, something like this: +dogetipbot 5 doge This might happen if you make a good post, or someone just wants to give out some coins. Once you receive a tip you have to accept it in a few days or else it'll get returned. Do this by following the instructions on the message you receive in your inbox. You reply to the bot with "+accept". Commands go in the message body. Once you do that, the bot will create a tipping address for you, and you can use the links in the message you receive to see your info, withdraw coins to your dogecoin-qt wallet, see your history, and a bunch of other stuff. As a bonus, so_doge_tip has a feature where you can get some Dogecoins to start with in exchange for how much karma you have. To do this, send the message "+redeem DOGE" to so_doge_tip. You'll need to create a tipping account if you don't have one. If you want to create a tipping account without ever being tipped first, message either of the bots with "+register" and an address will be created for you.
1/21/14 - Added note about this thread no longer being updated
1/21/14 - Changed wallet links to official site
12/27/13 - Added 1.3 wallet-qt links
12/21/13 - Added new windows 1.2 wallet link
12/20/13 - Fixed +redeem text
12/18/13 - Added short blurb on trading.
12/18/13 - Updated cudaminer to new version (cudaminer-2013-12-18.zip).
I'm writing this because I couldn't find a single condensed guide on compiling the wallet and running mining software on linux, specficially Ubuntu/Linux Mint. I combed Bitcoin and Litecoin forums for similar problems I was running into and eventually got everything nailed down, so here it is in one place, for new Shibes. If you want to make a Dogecoin directory in your downloads folder to keep things organized, you will need to modify these commands to refelct the change. So instead of going to ~/Downloads/ you will need to go to ~/Downloads/Dogecoin and be sure to put the zipped files there when you download them, but the commands will be the same otherwise. cwayne18 put in the work to make a PPA for the QT client here. Ubunutu/Mint/Debian users should be able to install the client with the following commands:
Compiling the Wallet Manually I suggest using the PPA above, but if you want to compile manually, here you go. 1)Download the newest source from here. If you want to check out the Github page, click here 2)Unzip the package with the native client OR, navigate to your downloads and unzip
cd ~/Downloads unzip dogecoin-master.zip
3)Now it's time to compile. You will need to install the dependencies, just copy and paste the following code. It will be a fairly large download and could take some time. It is always important to update before installing any new software, so we'll do that first and then install the dependencies.
4)Once that is done, go to the doge-coin master directory and compile:
cd ~/Downloads/dogecoin-maste sed -i 's/-mgw46-mt-sd-1_53//g' dogecoin-qt.pro qmake USE_UPNP=- USE_QRCODE=0 USE_IPV6=0 make -j3
After running the qmake command you will likely see some text similar to
Project MESSAGE: Building without UPNP support Project MESSAGE: Building with UPNP supportRemoved plural forms as the target language has less forms. If this sounds wrong, possibly the target language is not set or recognized.
It's perfectly normal, so don't worry about that. Your Dogewallet is ready to go! The executable is in ~/Downloads/dogecoin-maste and called dogecoin-qt. Your wallet information is in ~/.dogecoin. You can run the wallet at any time by opening terminal and typing
cd ~/Downloads/dogecoin-maste ./dogecoin-qt
Future upgrades to dogewallet are easy. Back up your wallet.dat, and simply follow the same directions above, but you'll be unzipping and building the newer version. You will likely need to rename the old dogecoin-master directory in ~/Downloads before unzipping the newest version and building. Also, it is likely that you will not need to install the dependencies again. Alternate Method For Installing Dogecoin Wallet from Nicebreakfast After installing the dependencies listed in step 3, open terminal, then navigate to where you want Dogecoin Wallet stored and run:
git clone https://github.com/dogecoin/dogecoin ./autogen.sh ./configure make
then when the wallet is updated just run
from the dogecoin directory. GPU Mining GPU mining requires CGminer. My suggestion is to get the executable already built. The creator of cgminer has removed the built file from his website, but I've uploaded it here
sudo apt-get install pkg-config opencl-dev libcurl4-openssl-dev autoconf libtool automake m4 ncurses-dev cd ~/Downloads tar -xvf cgminer-3.7.2-x86_64-built.tar.bz2
Don't use anything newer than 3.7.2. The newer versions of CGMiner don't support GPU mining. That's it! You have cgminer ready to go! You will run cgminer with the following syntax
cd ~/Downloads/cgminer-3.7.2-x86_64-built/ ./cgminer --scrypt -o stratum+tcp://SERVERNAME:PORT -u WORKER.ID -p PASS
A good guide for fine tuning cgminer can be found here; follow the litecoin example. EDIT I had trouble getting cgminer running with a single line command, but running it via an executable .sh file works. This is covered in the cgminer setup guide I posted above but I'll put it here too. In the same directory that has the cgminer executable, you need to make a file called cgminer.sh and make it executable. It should contain the follwing:
Then you can call cgminer in terminal by doing ./cgminer.sh You will need a cgminer.conf file containing all your options. All of this is covered in the guide that is linked above. A quick note about AMD drivers: They used to be a huge PITA to install and get working, but the newest Catalyst drivers are great. There's a GUI installer, everything works out of the box, and there is a lot of documentation. You can download them here: AMD Catalyst 14.6 Beta Linux CPU Mining For CPU mining I use minerd because it doesn't require any work to get running, simply download it and get to work. Download the built file for your machine 32-bit or 64-bit, and then unzip it and you're ready to go!
cd ~/Downloads tar -xvf pooler-cpuminer-2.3.2-linux-x86.tar.gz
The executable is called minerd and it will be in ~/Downloads but you can move it to wherever you like. To run it, pull up terminal and do
cd ~/Downloads minerd --url=stratum+tcp://SERVER:PORT --userpass=USERNAME.WORKERNAME:WORKERPASSWORD
You're done! Happy mining! Common Issues I ran into this and I've seen others with this problem as well. Everything installs fine but there is a shared library file that isn't where it should be. In fact, it isn't there at all.
libudev.so.1: cannot open shared object file: No such file or directory
In terminal, do
sudo updatedb locate libudev.so.0.13.0
And it will probably return a path /lib/x86_64-linux-gnu. Inside that directory there's a library file called libudev.so.0.13.0. You'll need to make a symlink (aka shortcut) that links libudev.so.1 to libudev.so.0.13.0 So, assuming you're working with libudev.so.0.13.0 do this
cd /lib/x86_64-linux-gnu sudo ln -s libudev.so.0.13.0 libudev.so.1
Now if you do
You should see
libudev.so.1 -> ./libudev.so.0.13.0
Meaning you've made the symlink. Also, the text for libudev.so.1 will be blue.
New people please read this. [upvote for visibility please]
I am seeing too many new people come and and getting confused. Litecoin wiki isn't the greatest when it comes to summing up things so I will try to do things as best as I can. I will attempt to explain from what I have learned and answer some questions. Hopefully people smarter than me will also chime in. I will keep this post updated as much as I can. Preface Litecoin is a type to electronic currency. It is just like Bitcoin but it there are differences. Difference explained here. If you are starting to mine now chances are that you have missed the Bitcoin mining train. If you really want your time and processing power to not go to waste you should mine LTC because the access to BTC from there is much easier. Mining. What is it? Let's get this straight. When making any financial commitment to this be prepared to do it with "throw away" money. Mining is all about the hashrate and is measured in KH/s (KiloHash/sec). Unlike the powerful ASICs (Application Specific Integrated Circuit) that are used to mine bitcoins using hashrates in the GH/s and even TH/s, litecoin mining has only been able to achieve at the very best MH/s. I think the highest I've seen is 130 MH/s so far. Which leads us to our next section. Mining Hardware While CPU mining is still a thing it is not as powerful as GPU mining. Your laptop might be able to get 1 a month. However, I encourage you to consult this list first. List of hardware comparison You will find the highest of processors can maybe pull 100 KH/s and if we put this into a litecoin mining calculator it doesn't give us much. Another reason why you don't want to mine with your CPU is pretty simple. You are going to destroy it. So this leaves us with GPUs. Over the past few months (and years) the HD 7950 has been the favourite because it drains less power and has a pretty good hashrate. But recently the introduction of the R9 290 (not the x) has changed the game a bit. People are getting 850 KH/s - 900 KH/s with that card. It's crazy. Should I mine? Honestly given the current difficulty you can make a solid rig for about $1100 with a hashrate of 1700 KH/s which would give you your investment back in about a month and a half. I am sure people out there can create something for much cheaper. Here is a good example of a setup as suggested by dystopiats PCPartPicker part list / Price breakdown by merchant / Benchmarks
Prices include shipping, taxes, and discounts when available.
Generated by PCPartPicker 2013-11-29 00:52 EST-0500
Estimated Hashrate (with GPU overclocking) : 1900 KH/s Hardware Fundamentals CPU - Do you need a powerful CPU? No but make sure it is a decent one. AMD CPUs are cheap to buy right now with tons of power. Feel free to use a Sempron or Celeron depending on what Motherboard you go with. RAM - Try to get at least 4 GB so as to not run into any trouble. Memory is cheap these days. I am saying 4 GB only because of Windoze. If you are plan to run this on Linux you can even get away with less memory. HDD Any good ol 7200 RPM hard drive will do. Make sure it is appropriate. No point in buying a 1TB hard drive. Since, this is a newbie's guide I assumed most won't know how to run linux, but incase you do you can get a USB flash drive and run linux from it thus removing the need for hard drive all toghether. (thanks dystopiats) GPU - Consult the list of hardware of hardware I posted above. Make sure you consider the KH/s/W ratio. To me the 290 is the best option but you can skimp down to 7950 if you like. PSU - THIS IS BLOODY IMPORTANT. Most modern GPUs are power hungry so please make sure you are well within the limits of your power consumption. MOTHERBOARD - Ok, so a pretty popular board right now is Gigabyte GA-990FXA-UD3 and the ASRock 970 Extreme4. Some people are even going for Gigabyte GA-990FXA-UD5 and even the mighty Gigabyte GA-990FXA-UD7 because it has more PCI-E slots. 6 to be exact. However you may not need that much. With risers you can get more shoved into less. PCI-E RISERS - These are called risers. They come in x16 to x16 and x1 to x16 connections. Here is the general rule of thumb. This is very important. Always get a POWERED riser otherwise you will burn a hole in your MoBo. A powered rise as a molex connector so that additional power from PSU can be supplied. When it comes to hardware I've provided the most basic knowledge you need. Also, take a look at cryptobader's website. This is very helpful. Please visit the mining section of Litecoin Forums and the litecoinmining subreddit for more indepth info. Mining Software Now that you have assembled your hardware now you need to get into a pool. But before you do that you need a mining software. There are many different ones but the one that is most popular is cgminer. Download it and make sure you read the README. It is a very robust piece of software. Please read this if you want to know more. (thanks BalzOnYer4Head) Mining Pools Now that your hardware and software is ready. I know nothing about solo mining other than the fact that you have to be very lucky and respectable amount of hashing power to decrypt a block. So it is better to join pools. I have been pool hopping for a bit and really liked give-me-coin previously known to the community as give-me-ltc. They have a nice mobile app and 0% pool fees. This is really a personal preference. Take a look at this list and try some yourself. How do I connect to a pool? Most pools will give you a tutorial on how to but the basics are as follows:
Signup for a pool
Create a worker for your account. Usually one worker per rig (Yes people have multiple rigs) is generally a good idea.
Create a .run file. Open up notepad and type cgminer.exe -o (address_to_the_miningpool:port_number) -u (yourusername.workername) -p (your_worker_password_if_you_made_one). Then File>Save As>runcgminer.run (Make sure the drop down is set to "All Files" and .txt document.) and save in the same folder as cgminer. That's it.
Double click on runcgminer.run (or whatever you named it) and have fun mining.
Mining Profitability This game is not easy. If it was, practically everyone would be doing it. This is strictly a numbers game and there are calculations available that can help you determine your risk on your investments. 4 variables you need to consider when you are starting to mine: Hardware cost: The cost of your physical hardware to run this whole operation. Power: Measured in $/KwH is also known as the operating cost. Difficulty rate: To put it in layman's terms the increase in difficulty is inversely proportional to amount of coin you can mine. The harder the difficulty the harder it is to mine coin. Right now difficulty is rising at about 18% per 3 days. This can and will change since all you miners are soon going to jump on the band wagon. Your sanity: I am not going to tell you to keep calm and chive on because quiet frankly that is stupid. What I will tell you not to get too carried away. You will pull you hair out. Seriously. Next thing you will need is a simple tool. A mining profitability calculator. I have two favourite ones. coinwarz I like this one cause it is simple. The fields are self explanatory. Try it. bitcoinwisdom I like this one because it is a more real life scenario calculator and more complicated one (not really). It also takes increasing difficulty into account. Please note: This is the absolute basic info you need. If you have more questions feel free to ask and or google it! More Below.
Looking to hobby CPU mine. I understand the economics. Is there a pool that I can still CPU mine on? Used to mine on slush back in the day, so if it is compatible with that it would be awesome. I read on a years old forum that cgminer can be setup for CPU mining, is that still possible? Thanks! EDIT: Wow, you guys. I get it that it is throwing away electricity. I understand that it is inefficient and will net me near or equal to 0 gross income and negative profit. I already said I understand the economics of it. I swear every bitcoin forum is like the fucking seagulls from Finding Nemo. Nobody here has ever spent a red cent on a hobby that didn't increase their net worth huh? What the fuck. Does nobody here know or just not want to tell me? EDIT2: https://www.reddit.com/BitcoinMining/comments/28q9ml/im_asking_simply_for_information_purposes_which/ciddjgx EDIT3: So I take it there is literally nobody here who actually knows enough to answer this and isn't just coming in to regurgitate bullshit? Alright I guess I'm not that surprised, this is reddit after all.
Survival of the Fittest - Multiple Multimining Pool Test
I decided once and fall all to work out which multimining pool I was going to set my miner too. I have four cards and have them setup with one instance of cgminer each. Each card has a failover with another pool just in case it goes down. I will check the failover pool and add their earnings to the primary pool. (For all cards so far this only makes up a small amount of its earnings) My four pools are: https://hashbros.co.inhttp://wafflepool.comhttp://clevermining.comhttp://www.middlecoin.com I based my decision to use these four pools on the following: 1. Ping rate from my rig (Brisbane) 2. Ease of use and transparency 3. Fees I will run the system for about 48 hours then eliminate a pool and give its gpu card to the best running pool. After another 48 hours I will then do the same. This will continue until there is just one pool left after the 8 day test. May the best pool win! Some early stats at the moment. Earn Rates after 38 hours (mBTC/day.MH/s): *Hashbros 7.23 *Wafflepool 14.51 *Clevermining 10.77 *Middlecoin 5.83 I would be happy to hear others experience doing testing like this. EDIT 1 Earn Rates after 71 hours (mBTC/day.MH/s): *Hashbros 7.34 *Wafflepool 12.61 *Clevermining 9.97 *Middlecoin 5.94 So Middlecoin is out. I just can't afford to lose more money pointing my card towards these guys. For the last weeks I've been getting slightly more profit from other pools then Middlecoin, so this just confirms something I already knew. Although these results are even worse then before, I'm not exactly sure why. As mentioned by secret_bitcoin_login it may be due to stashed unexchanged coins. EDIT 2 Earn Rates after 4 days (mBTC/day.MH/s): *Hashbros 6.52 *Wafflepool 9.60 *Clevermining 8.59 Hashbros is out. Wafflepool is losing a bit of ground to Clevermining. Will be a close finish. EDIT 3 after 8 days (mBTC/day.MH/s) *Wafflepool 9.8 *Clevermining 9.75 So close! Looks like Wafflepool just gets in. Due to various other things in life this test went a little longer then planned. For the final stats I've only included the last week and ignore the first week stats. Wafflepool would've actually performed better if I did include them anyway. I would actually like to run both pools, but it just becomes difficult with managing two instances of cgminer. Oh well, looks like wafflepool for me for the next 2 weeks and then I might do another test. Happy mining!
[uncensored-r/Bitcoin] You think you've seen Raspberry Pi's running BTC? Think again ;)
The following post by F4T4LGodsend is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/81fkpt The original post's content was as follows:
Hey yall, since posting raspi setups has become popular on here, I thought I would share my Crypto Cluster. https://imgur.com/a/SJ89Q PI1 - Running Bitcoind 0.16.0 as a full node and CLightning. CLightning running on testnet PI2 - Running BTCD Roasbeef Fork and LND. LND running on mainnet connecting to external full node via RPC. PI3 - Running full nodes for other related currencies PI4 - Running CGMiner with old ass Gridseed miner lottery mining scrypt Two 1tb external hard drives connected to PI1 and PI3 to store full blockchain for BTC and Other.
Are they fast? No.
Could I have just flashed an old laptop with Ubuntu and hooked up an external? Yes.
Was it worth the money? Worth it to me.
Do I recommend running nodes and lightning software on Raspi's? Meh, only if you are looking for a good time ;)
[PSA] Don't be a bad shibe; do not abuse free hosting provider plans.
Serious talk for a moment, fellow shibes and dogecoin lovers. There's been quite a number of threads about using cloud hosting companies (AWS, Azure, Digital Ocean, and others) to do doge mining. I know I, and all of you are extremely excited about Dogecoin, and I know we all want supar hashrates but we need to talk. Doge's algorithm empowers us to use CPU mining and this means a lot more flexibility about where we run minerd and cgminer; but abusing a hosting company's free tier to do this is going to get you kicked off and is abusive. There's a difference if you have a coupon for a bajillion free credits and hosting to do with as you wish - many providers have these. Using those free credits means you are technically paying for the service and will probably burn through the CPU hours given and end up paying. It's also a different thing to use on the spot pricing arbitrage to do your mining, that's also fair game. But please, please - as one shibe to another - don't use free tiers on hosting providers (these are typically 1 vCPU (virtual CPU) with low memory) to do your mining. This is well, rude - and we all know you can abuse these types of offers to create a virtually unlimited number of accounts. This punishes other customers using those systems and is just bad shibe karma. So please be polite: if you've got coupons & credits, cool - just don't try to squeeze those free tiers to get some mad hashes - you won't get anything but kicked off those services and give us all a bad name. You wouldn't install malware on people to mine, you wouldn't take someone else' power to run your milk crate GPU setup - let's leave that to other communities. Let's be cool. tl;dr Be cool. Use things you're paying for in some capacity, don't abuse free things companies provide. It's not nice or polite. We will get to moon landing, let's just be cool about it. http://imgur.com/b8S3vcp EDIT: As I say in http://www.reddit.com/dogecoin/comments/1tz736/psa_dont_be_a_bad_shibe_do_not_abuse_free_hosting/ceczixo - there s an entire world of underhanded/dirty tricks other mining communities use - botnets, malware networks, spamming free signup accounts (100s or 1000s of accounts), cloaking binaries, etc I mean, read this post by Charles Stross Why I want Bitcoin to die in a fire:
Bitcoin violates Gresham's law: Stolen electricity will drive out honest mining.
So, let's stick to honest mining. And GPU setups sold in milk crates because those are pretty awesome milk crates.
PSA: bfgminer doesn't work with bitcoin classic via GBT
Bfgminer doesn't work "out of the box" with bitcoin classic nodes via GBT. Before you get your pitchforks, its not like Luke-jr snuck some code in recently to cause an incompatibility. He is, however, unwilling to make it work as he doesn't "support altcoins" (even though bfgminer has had support for scrypt ASICs for quite some time). Still waiting for a reply from Luke-jr on whether he will merge support for bitcoin classic if someone else maintains that piece of code. Hopefully he will, as I think it would look bad on classic to have separate mining software. At that point it looks more like an altcoin. I won't speculate as to whether or not this is something Luke-jr would like to achieve. I'm no developer, but from what I can tell its a problem with block version checks in bfgminer or libblkmaker. Shouldn't be too hard to change. I also think this ought to get some visibility from people who can actually change the code without breaking it. If any large miner is running miners with bfgminer (or potentially anything based on libblkmaker) and it just immediately doesn't work with bitcoin classic, I doubt they're going to bother to figure this all out themselves. They'll just switch back to Core. Note that cgminer works fine, (but is unfortunately not stable on my setup). And I was honestly not trolling Luke-jr on this issue. I really would like to be solo mining on a bitcoin classic node.
Want to get started mining defcoin with an ASIC and a Raspberry Pi? Does 360 KH/s of mining power sound appealing? Here’s how to do it. https://pbs.twimg.com/media/Blpj8IvCcAEIStY.jpg 1) Hardware List -Raspberry Pi Model B --SD Card --Micro USB power supply --Ethernet cable -Gridseed ASIC --12V power supply (5.5mm/2.5mm barrel connector) --USB to Mini USB data cable The main component is the Gridseed ASIC, which will be doing the Scrypt calculations. The Raspberry Pi will be used as the controller for the ASIC, and will be doing the communication with the mining pool. If you’re not familiar with the term, an ASIC is an Application-Specific Integrated Circuit - basically a chip with a single purpose, like mining crypto currency. Using an ASIC will allow us to mine more efficiently than we would be able to with general purpose hardware. The ASIC that I’m using is a “300+ KH/s Single Gridseed ASIC Miner”. It looks like a CPU heatsink with a fan attached. There is actually a circuit board with 5 ASIC chips sandwiched between two halves of this heatsink, and has a mini USB connector and a power connector sticking out the side. There are a few places where you can buy these. I bought mine at GAWMiners.com for $130. That was the lowest price that I could find, and I had a good experience buying from them. Use this link, and you can get $20 off of a $200 order (and give me some referral points :-)) GAWMiners. You can also find other vendors by searching for “Gridseed ASIC”. You’ll need a 12V power supply to power the ASIC, and a USB A to USB Mini B cable to connect the ASIC to the Raspberry Pi. I’m using a 60W power supply, which seems to be working fine for defcoin (Scrypt) mining. These ASICs can also mine Bitcoin at the same time, but you may need a beefier power supply if you want to do that. The Raspberry Pi can be purchased at any number of places- Amazon, SparkFun, AdaFruit, etc. I’m using the Model B because I had one already, and also because it has a built in ethernet port that will make connecting to the internet easy. Make sure to get an SD Card and a micro USB power adapter to get the Pi up and running too. 2) Software If you haven’t already, download the defcoin wallet from defcoin.org. If you want to do pooled mining, create an account for one of the defcoin pools, such as redbaron.us or whichever other pool you want to mine. Once you’ve created a pool account, make sure to create a worker too (for MPOS pools, that will be under My Account > My Workers). The password for your worker does not have to be the same as the password for your pool account (and it probably shouldn’t be). Next, download the latest Raspbian image from raspberrypi.org/downloads/ and install the image to your SD card. Instructions for installing the image can be found here. If you are using the dd method on a Mac, make sure to use /dev/rdiskX instead of /dev/diskX - both will work, but rdiskX is much faster. Once you have the image installed, put the SD card in the Raspberry Pi, connect the Pi to your network, and connect the Pi to your micro USB power adapter to power it on. Next, SSH in to your Raspberry Pi with the default username and password pi/raspberry. I use nMap to find the IP address that has been assigned to my Pi. You can also use an HDMI display and a USB keyboard to log in instead of using SSH. After logging in for the first time, run through the wizard that comes up to configure your Raspberry Pi. The defaults are fine for most things, just make sure that you don’t skip the step to expand the filesystem to use the rest of your SD card. If you don’t expand the filesystem, there won’t be enough space for other software. Once you have Raspbian installed, and have gotten through all of the first login setup stuff (which will likely end with a reboot), log back in to the Raspberry Pi with the pi user. From the command line, run sudo apt-get update sudo apt-get dist-upgrade There are some stability issues with USB communication between the Raspberry Pi and the Gridseed ASIC. Enabling SLUB debugging seems to resolve this, at least well enough to prevent the Raspberry Pi from freezing every so often. Open the /boot/cmdline.txt file, and add the following text to the end of the line. Don’t add a new line, just add this to the end. You can use vi, nano, or whatever your favorite text editor is to do this.
Reboot the Raspberry Pi once you’ve added that flag to your /boot/cmdline.txt file.
sudo shutdown -r now
Log back in with the pi user once the Raspberry Pi is finished rebooting. The mining software that we’re going to use is a customized version of cgminer that has support for the Gridseed GC3355 chips that are used in our ASIC. There are a number of different mining programs out there, this is just what has been working the best for me so far. First, install git and dependencies needed to compile cgminer.
cd cgminer-gc3355 autoreconf -i ./configure --enable-scrypt --enable-gridseed make
Once the make command finishes, we’re ready to run the mining software. You can also run make install if you want to install the software, but running it out of the build directory works just fine. Plug in the power supply for your ASIC, and connect the ASIC to it. Connect the USB cable to the ASIC and to your Raspberry Pi. Run the mining software by running the following command. The -o option specifies your pool URL, the -u option specifies your username and the workername that you set up for the pool, and the -p option is the password for your worker. There are a couple of options available that are specific to the gridseed ASICs, and those will be placed after --gridseed-options. The freq=850 option sets the clock frequency of the ASIC to 850 MHz. There are other clock options available, but 850 seems to be working best for me. I was getting hardware errors at 900, and a lower average hash rate. I am getting about 360 KH/s with the clock frequency set to 850.
This command needs to be run with sudo in order to access the USB hardware. You can also create another user specifically for mining, or grant the pi user the appropriate permissions if you don’t want to run cgminer as root. When you run this command, you should see output from cgminer showing that it is communicating with the mining pool, and something showing your hash rate. If you’ve gotten this far, and you’re seeing output from cgminer showing a hash rate, congratulations, you’re mining defcoins with your ASIC! There are just a couple more steps to do if you want to let your Raspberry Pi and ASIC continue mining without needing you to be logged in. To keep cgminer running after I log out, I am using nohup. You could also use screen instead of nohup. Create a script (startMiner.sh) by running the following commands.
If you run this command with sudo startMiner.sh, cgminer will run in the background, and will continue running after you log out. If you want to have this run when your Raspberry Pi boots, modify your /etc/rc.local script so that it executes this startMiner.sh script. Your /etc/rc.local file will end up looking like this:
# Print the IP address _IP=$(hostname -I) || true if [ "$_IP" ]; then printf "My IP address is %s\n" "$_IP" fi /home/pi/startMiner.sh exit 0
Just the weirdest, most inexplicable sht I've ever dealt with in a rig. [PC, blackscreening, semi-random]
Hi all. I'm utterly, utterly baffled. Stumped. Bemused. Befuddled. Bamboozled. I cannot explain this. At all. I crash on my desktop, often (but not always) while opening Chrome. Crash can be 1m after boot, or 4 hours after boot. Machine blackscreens, stops responding, doesn't send anything to the monitor or respond to scroll lock or capslock. Fairly standard - but I do NOT crash if there's a game running. Literally can run GW2 for as long as I need to, or warframe, or Titanfall, and it's solid as a rock. I've arranged an RMA for my GPU as it's the most recent addition to the sytem (25 Feb 2014) and it was blackscreening on wake (but with a responsive PC/keyboard and the media server was still up), but I'm stumped. I've never seen anything like this. What causes a rig to blackscreen when browsing or opening explorer, but doesn't have ANY problems when it's running high end games at max rez? 2500k @ 4.5GHz R9 290 4GB Factory OC 700W Seasoninc PSU 1 SSD (OS + Games) 2 HDD (Stuff) Midrange Gigabyte mobo, nothign special 8GB DDR3 @ 1600MHz Win 8 64 Bit etc etc. EDIT: Memtest results are in. No problems found. Ran for 8 hours, zero errors. http://imgur.com/wDBxVES Ran MS Defender, no viruses found. Instaleld Avast, turned off MS Defender, full scan, no viruses found. Ran MWAB: Files Detected: 11 D:\Media\Downloads\cgminer-3.8.5-windows.7z (PUP.Optional.Cgminer) -> Quarantined and deleted successfully. D:\Media\Downloads\DuplicateCleaner_setup (1).exe (PUP.Optional.OpenCandy) -> Quarantined and deleted successfully. D:\Media\Downloads\DuplicateCleaner_setup.exe (PUP.Optional.OpenCandy) -> Quarantined and deleted successfully. D:\Media\Downloads\FileBot-setup.exe (PUP.Optional.OpenCandy) -> Quarantined and deleted successfully. D:\Media\Downloads\guiminer-scrypt_win32_binaries_v0.03.zip (PUP.BitCoinMiner) -> Quarantined and deleted successfully. D:\Media\Downloads\pooler-cpuminer-2.3.2-win64.zip (Riskware.BitcoinMiner) -> Quarantined and deleted successfully. D:\Media\Downloads\cgminer-3.8.5-windows\cgminer.exe (PUP.Optional.Cgminer) -> Quarantined and deleted successfully. D:\Media\Downloads\cpuminer\minerd.exe (Riskware.BitcoinMiner) -> Quarantined and deleted successfully. D:\Media\Downloads\LTC_minerz\poclbm.exe (Trojan.BtcMiner.TS) -> Quarantined and deleted successfully. D:\Media\Downloads\LTC_minerz\cgminer\cgminer.exe (PUP.BitCoinMiner) -> Quarantined and deleted successfully. D:\Media\Downloads\LTC_minerz\stratumproxy\mining_proxy.exe (PUP.Proxy.BCM) -> Quarantined and deleted successfully. Nuked 'em. Wonder if I have (or hopefully had) a malware issue. GW2 is running in the background and it's still not crashed... Ideas anyone? Am thinking about ordering a new CPU/Mobo and seeing if that fixes it - next on the list (after another crash) is going to be a W8 re-install. OS re-installed and BIOS updated, still crashes. Definitely hardware. Definitely not RAM, definitely not storage (SSD or HDD). Crashes still independent of load - but most common when clicking on something (Firefox, Chrome or Evernote for example). So the candicate list as far as I can work out is: CPU (moderately likely, though stressing with linpack or OCCT or prime does not cause crashes, and it's happy while playing GW2) mobo (happy while gaming, unhappy when asked to execute a crappy little prgraom like Chrome. Weird? gotta be unlikely) PSU - Feeling like this is a likely candidate. GPU - but doesn't crash when rendering ~100 players at max res in GW2. Soooooo.... can anyone think of a thing to test next? Final edit: running on the onboard GPU on mah telly. Flawless, no crashes at all. I think it's the GPU, the 2D processing chip or whatever must've been borked. Recap: new GPU, no crashes. All is now good!
I'm setting up a mining rig using 3-7950's, and have ran into a little bit of a road block. I've seen a few guides using xubuntu 12.10, but none with xubuntu 13.04. darth_bunny's guide cryptobadger's guide gentoo (bitcoin) I've tried the first 2 ways on fresh images, but for some reason X never starts...
aticonfig --adapter=0 --od-getclocks ERROR - X needs to be running to perform AMD Overdrive(TM) commands
Following the darth_bunny's guide way I built to 13.04 instead of 12.10
On a side note, whenever I plug the ATI cards in, video (connected to onboard), does not output. I'm guessing this is because the ATI cards are primary? It didn't bother me as I ssh in anyway. I also have some missing lib's when trying to run cgminer, but that is something to worry about later. Has anyone solved this on 13.04, or should I just downgrade to 12.10?
hi, i just modified slax linux distro specifically for gpu and cpu mining, i prefer slax because you can run it without any storage device (harddisk or flashdisk) since it can copy itself entirely to run from PC memory, which is cool ! slax-miner-x64-0.1 download-x64 127MB NEW UPDATE HERE features :
only need minimal 512 MB flash disk
you can run with unpluged flash disk since slax can copy itself to run from computer RAM
built-in cgminer-3.7.2 with for openCL scrypt and sha256 mining
built-in jhProtoMiner from yvg1900 all 64-bit variations for cpu mining
minimal installation only x.org and blackbox desktop, mostly you will need to operate it via SSH anyway
how to install :
extract the content of .7z file to your formatted flash disk with FAT32 partition
boot from it
run "aticonfig --lsa" to list your detected gpu
run "aticonfig --adapter=all --initial" to configure to your gpu setup
how to run :
miner software located at /opt/cgminer and /opt/ptsminer
you can run example script just by running "start-cgminer" or "start-ptsminer"
to connect from remote, use ssh client such as putty, login with root, password toor
Hello I'm looking for help on setting up some part of mining bitcoin. I have no background in codding but I'm a quick learner. I have been looking into bitcoin a few months back but I decided to try it without investing anything in hardware at first (not making a milk crate miner). I known some will tell me I'm loosing my time but I want to understand and make it work on my computer. So here what I have, my graphic card is a Nvidia Geforce 210, cpu AMD A4-6300. I have setup a wallet with Armory, bitcoin core and I join a mining pool. Now I'm trying to setup cgminer I made a batch file but that where I'm block. cgminer open it connect to pool but it doesn't process, I think it not using my graphic card. What should be the best commands to enter within batch file? Thanks in advance,
If your like my team then you invested a ton of money into GPUs and CPUs for Bitcoin mining early on before the ASICs dominated the market. If your also like us then you have switched to doing Altcoin mining since last April and now with the Scrypt ASICs this year you find your self in the same situation where you cant turn a profit. Well we have the next generation of mining for us all. The best part is it is SHA-256 and Scrypt ASIC proof. HOW DOES IT WORK? Instead of mining a coin directly, simply point your GPUs at the [email protected] network developed by Stanford university by downloading their FAH client. What this program does is uses your computer research to help fold proteins for scientific research. No configuration like CGminer or anything else is needed. This program is very well put together and straight out of the box. HOW DO YOU GET COINS THEN? The way Stanford has this setup is you create a user name and you choose a team that you would like to fold with. You are then given credits for the work you do. Now these credits do not mean anything for the folders at [email protected] rather they are for bragging rights as you can see a list of all credits awarded on their stats page and you can see where you stand. Well with the counterparty Bitcoin 2.0 project that has recently been released you are able to build new coins on top of the Bitcoin network that already exists. The benifits of this is unlike altcoins that are subject to attacks and difficulty fluctuating all the time, your coin that you create on counterparty is actually secured by the Bitcoin network itself. What FoldingCoin.net will do is create a coin using the counterparty protocol and distribute them weekly to every participant in the FoldingCoin Team. Please go to folding.stanford.edu for information on the project and go to foldingcoin.net for information on the coin. Lets get these GPUs back to work! FoldingCoin.net - FLDC is the token name on counterparty.co
this is updated version of SLAX miner, old post is here Features :
only need minimal 512 MB USB FlashDisk
can run with unplugged flash disk, since SLAX can copy itself to run from computer RAM
built-in cgMiner-3.7.2 with support for GPU scrypt or SHA256 mining
built-in yvg1900 protoshares miner (all 64-bit variation of CPU)
built-in bfgMiner-3.9.0 (untested)
minimal installation only x.org, blackbox, and google chrome desktop
How To Install :
1. Extract the content of .7z to formatted flash disk with FAT32 Partition
2. Run [FLASHDISK]\slax\boot\bootinst.bat (on linux run bootinst.sh)
3. Boot from it (make sure persistence changes or checked)
4. run /opt/radeon-setup/radeon-setup.sh if your system have AMD GPU installed
How To Run :
miner software are located at /opt/cgminer, /opt/bfgminer, /opt/ptsminer
you can run example script /opt/cgminestart-cgminer or /opt/ptsminestart-ptsminer
copy those scripts and apply your on settings and mining pool account
to update gui shortcut you can edit /usshares/blackbox/menu to point to your script
to connect from remote, use ssh client such as putty, login with "root", password "toor"
added Google Chrome browser
added graphics text editor (xedit) and calculator (xcalc)
added bfgMiner (untested, since its not compiled for gpu support, and i dont have any ASIC or USB miner)
added script to install AMD driver, run /opt/radeon-setup/radeon-setup.sh on first boot to install AMD GPU
added vim for terminal text editor
added tmux for terminal screen management
added broadcom wireless driver (tested on my macbook)
added intel wireless driver (untested, i dont have any)
added bluetooth driver (just in case)
updated AMD Catalyst to 13.8
updated protominer to use yvg1900 latest miner (yam 2014-01-02)
AMD driver not activated by default, so it could boot to GUI on any GPU, you need to run /opt/radeon-setup/radeon-setup.sh at first boot, make sure to use persistent changes on first boot to apply driver installation
These are just a couple of the discoveries I've made in my first couple days of mining. Most of these will be things that are likely obvious to experienced miners, but can cause some confusion for new shibes like myself. So maybe someone else will be able to benefit from my mistakes.
Bitcoin (and several others) uses SHA-256 for its hashing algorithm. Dogecoin (and some others, most notably Litecoin) uses scrypt. The two are not compatible and, in fact, there is a huge discrepency in the hashes/second rates. For instance, my Radeon HD 4850 card runs at about 70 Mh/s for SHA-256, but only 100 Kh/s (0.1 Mh/s) for scrypt. I've gathered that this has something to do with scrypt requiring more computations per hash. When looking at Kh/s or Mh/s numbers, it is very important to know which algorithm is being used, otherwise this can lead to some confusion, for instance, when comparing thesesheets.
GUIMiner does NOT support scrypt (There is a separate program called GUIMiner-scrypt for that). However, GUIMiner will let you connect to a Dogecoin pool and even report acceptedshares all while running on the SHA-256 algorithm, which is useless for Dogecoins. I'm still not sure exactly why this happens, but it led to me wasting about a day of running my GPU with nothing to show for it, since I was convinced that if shares were being accepted, it must actually be doing something right.
cgminer can take a LOT of work to set up. First of all, there are several versions of cgminer, each with its own quirks, some with windows binaries available, and some you have to build yourself. Also, GPU mining is not supported past version 3.7.2. It took me a while and several failures at building/setting up different versions before I noticed the link on the right side of /dogemining that goes directly to a windows binary of cgminer 3.7.2. Much easier. I've heard that many consider cgminer to be superior to GUIMiner-scrypt, but since I can't get GUIMiner-scrypt to run, I can't say for myself.
Much of mining seems to be trial and error: finding the software and configuration that works for your specific setup. Every card will behave differently, and even though there's tons of information out there to help, it really just comes down to trying a bunch of things and finding out what works.
I'm happy to say I've just seen my first hundred Doge from mining, and I'm excited to see how far I can go (to the moon?). I'm sure I'm still mistaken about lots of things, and if I missed anything here, let me know.
Sup fellow reddit members! Today I'm here to give you guys a long introduction about bitcoins. Intro to bitcoins: Bitcoins are the first decentralized digital currency. Bitcoins are basically digital coins that you can send through the internet. Some advantages of bitcoins:
It can be transfered through other people without a bank having involved in the transaction.
The transaction fees are much lower.
You can use them in any and every country.
Your account (explained later) can never be frozen.
How it works: There are several online bitcoin currency exchange where you can exchange bitcoins for money and vice versa. Bitcoins are kept in a digital wallet on your computemobile device. coinbase.com is one of the most trustworthy online bitcoin wallet, IMO. Sending bitcoins is as simple as sending an email, and you can purchase ANYTHING with bitcoins as long as they accept the currency. The bitcoin software is completely open-sourced, so anyone can review the code. Bitcoins are easy + free to setup, and there are no chargebacks! How to obtain bitcoins: There are two ways to obtain bitcoins:
Mining them using applications. Miners solve math problems/bitcoin algorithms (which takes computing power) and are rewarded bitcoins for doing that. This is the one that I'm going to focus on, as it is pretty hard to grasp.
Mining bitcoins: Using special software application, you are able to mine bitcoins. Mining means to solve math problems/bitcoin algorithms using your computing power. Blocks are a chunk of 25 bitcoins, and if you solve one math problem you automatically get a block. The speed of mining bitcoins is measured in Hashes/Second (KH/s, MH/s, GH/s, TH/s etc.) The difficulty of the problems gradually increases as more bitcoins are found. Now, it is almost impossible to find bitcoin blocks by yourself, as more than 10 million bitcoins have been mined. Using special hardware (ASIC, Application-Specific Integrated Circuit chips) that specifically is aimed to mine bitcoins increases your mining speed by a lot. You can buy these hardware anywhere online/offline. amazon.com has many ASIC hardware on sale. But even ASIC mining can still take a long time to find a block by yourself. That's how the pooled mining began. Pooled mining basically combines the work of many miners toward a common goal. Pool of miners find the solution of the math problems faster than individuals, and they share the block equally based on each miner's hash rate. There are many pools right now that are pretty trustworthy, but that one that I use is triple mining: http://evilbeans124.triplemining.com Mining bitcoins on a Mac: This part is only dedicated on mining bitcoins for Mac users. If you're a PC user or a Linux/Ubuntu user, skip this.
Go to asteroidapp.com and download the latest version of Asteroid
Under the workers tab, add a new worker (on the right side)
Go back to GUI miner, enter in your worker username/password
If you have any hardware, then select them in the device tab. If not, skip this step
Mining bitcoins on a Ubuntu/Linux: This part is only dedicated on mining bitcoins for Linux/Ubuntu users. If you're a Mac or PC user, view above. Unfortunately, I have no experience in how to install any miner on Linux. The following website does however, so just follow it http://www.distrogeeks.com/install-cgminer-3-7-2-ubuntu/ The end I think I covered most of the points on bitcoins. However, if there is any mistakes/stuff that I should add, please put a comment below or PM me! It will be greatly valued! I spent sometime doing this, so some donation will be very appreciated. My bitcoin address is on my signature. Credits to bitcoin.com, bitcoinmining.com, triplemining.com/help, http://www.distrogeeks.com/install-cgminer-3-7-2-ubuntu/ Helpful? Considering mining in my pool: http://evilbeans124.triplemining.com (PM me if you STILL don't know how to mine bitcoins) Tip me at: http://evilbeans124.tip.me
Download free bitcoin mining software; Join a bitcoin mining pool; Set up a bitcoin wallet . Follow the below guidelines to set up a bitcoin miner successfully. 1. Get a bitcoin mining hardware. In order to begin mining bitcoins, the first thing required is to acquire a bitcoin mining hardware, also called a mining rig. The best Bitcoin mining software can run on almost any operating system, such as OSX, Windows, Linux, and has even been ported to work on a Raspberry Pi with some modifications for drivers depending on your mining setup. Not only does the Bitcoin mining software relay the input and output of your Bitcoin miners to the blockchain, but it also CGMiner v4.1.11 (Download open source Bitcoin GPU miner) Polaris Bios Editor v1.7.2: Download PBE for Windows 7/10 (x32\x64) Step-by-Step Setup AMD Radeon Vega 56 / Vega 64 (Configure) [NoDevFee] How to disable DevFee (commission) in the miner; AMD Blockchain Driver – driver overview, installation instructions, download Download CGMiner for free. ASIC and FPGA miner in C for Bitcoin. CGMiner is an open source graphical frontend for mining Bitcoins. It supports both pooled and solo Bitcoin mining. 3. Best Bitcoin mining software CGminer. Pros: Supports GPU/FPGA/ASIC mining, Popular (frequently updated). Cons: Textual interface. Platforms: Windows, Mac, Linux Going strong for many years, CGminer is still one of the most popular GPU/FPGA/ASIC mining software available. CGminer is a command line application written in C. It’s also cross platform, meaning you can use it with Windows
How to Setup CGMiner to Mine Cryptocurrencys (Litecoin & Dogecoin)
tutorial- Bitcoin mining with CGMiner. BFGMiner on Windows Setup Guide for Bitcoin Users + ASIC Miner Setup Bitcoin Weekly Show - Duration: 6:54. cxboy 83,113 views Learn how to use and setup a bitcoin miner to earn bitcoins , litecoins , dogeecoins etc. Download miner from https://easyminer.net/Downloads/ How to Set Up a Bitcoin Mining Rig w/ BITMAIN ANTMINER U2 & CGMiner - Duration: ... How to setup USB Asic Miner Red Fury bitcoin miner 2.2~2.7 GH/s with cgminer - Duration: 5:53. How to Set Up a Bitcoin Mining Rig w/ BITMAIN ANTMINER U2 & CGMiner - Duration: ... BFGMiner on Windows Setup Guide for Bitcoin Users + ASIC Miner Setup Bitcoin Weekly Show - Duration: 6:54. This video is unavailable. Watch Queue Queue. Watch Queue Queue