I am in no way, shape, or form a computer tech/guru, etc. I just like to take things and run with it. This was all sparked with Dj Buttchugz thread The Deep Web that got me interested, and I ended up cracking it.
I'm sure there's more efficient ways to Bitcoin, it was all trial and error for me, but this is what is working best for me at the moment. Here's a tutorial on how to let your PC make you money.
What are Bitcoins:
Unlike most currencies, Bitcoin has no central authority or issuer. Bitcoin uses a distributed database spread across nodes of a peer-to-peer network to journal transactions, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by the person who owns them, and never more than once. Bitcoins can be saved on a personal computer in the form of a wallet file, or kept with a third party wallet service, in either case bitcoins can be sent over the internet to anyone with a bitcoin address.
Mining:
Mining is a process where you use your computer power to hash transactions occurring in the bitcoin network. Successful hash of a block of transactions results in a reward of 50 bitcoins. This is known as "solving a block". Pool mining is a way for many to work together in the process of hashing transactions, and then share the reward to members based on their contributions, this gives the user stable pay outs.
Software:
Piriform Speccy - can be downloaded at http://www.piriform.com/speccy. This analyzes your Operating System, CPU, RAM, Motherboard, Graphics, Hard Drives, Optical Drives and Audio. This is important to download because it also gives the current temperatures of your CPU, Motherboard, and Graphics Card. You DO NOT want these over heating and burning out.
MultiBit - this is essentially your online wallet. It can be downloaded at http://multibit.org/ it's very user friendly compared to the other ones I've tried. You're assigned a very complicated set of numbers and letters, this is known as your wallet's address. Anytime you want to request funds, you need this address so they can be transfered.
Guiminer - this is one of the most important aspects of mining. This controls basically everything. You pick your mining pool on here, then you go to their dedicated website and create an account. You can download Guiminer here:
Scroll down and click "Download latest version" and preferably save it to your desktop for convenience. After this is downloaded and saved to your desktop, open it and scroll down looking for a round orange icon with a white "B" labled Guiminer. Open the program and let's get started.
You can create what ever kind of miner you want, I personally created a "New Phoenix Miner". Next you select your server, there are a ton to choose from, but I personally use "BitClockers" and I'm on team NexGen. Go to where it says "Server:" and find BitClockers. To the right of it will be a URL to the website where you create an account. Create an account with a simple user name and password. Next, on the website go to your "Dashboard"...then click on "Workers"...Scroll down to the bottom, fill in your workers name, and a password assigned to the worker-click "create worker".
NOW you're ready to mine. Go back to your Guiminer software, go to the BitClockers server, type in the username (workers name) and password you just created, select your device, your CPU affinities, and hit "Start mining". Now you should have your character on a tab. Hover over "view" and select "show summary" and this will show you everything you need to see once your worker is set up.
Extra Flags: - This is a code you find online that is specific to your video card. It basically turbo that will recognize and tune your mining with your GPU.
Example: I am running a XFX Radeon HD 6770 so I simply typed in "Guiminer extra flags Radeon 6770" into Google and it gave me this "-k phatk VECTORS BFI_INT WORKSIZE=128 FASTLOOP=false AGGRESSION=12" it increased my Mhash/s by atleast 100/s. This is only useful if you have up to date or powerful video cards.
Mining Teams - Go back to the BitClockers website, select "mining teams" and join a network. I chose Team NexGen because it has the most members, and is running the most efficient.
Dashboard - This is where you will spend most of your time monitoring your speedometer, your total BTC share for the block being solved, etc. Click on "Bitcoins (BTC)" to see what you've earned so far. IMPORTANT: You must go back to your online wallet, get your wallet's address, copy & paste it into the box that says "Payout Address" and hit Save. Whenever you want to cash out, open your MultiBit wallet, and hit "Instant Payout" on the BitClocker's page. You should see the funds transfer instantly.
I have to stress, if you don't have an "aftermarket" video/gamer card, you will not produce adequate results. You can try, but it's all based off of your card, so quality is essential.
I'm sure there's more efficient ways to Bitcoin, it was all trial and error for me, but this is what is working best for me at the moment. Here's a tutorial on how to let your PC make you money.
What are Bitcoins:
Unlike most currencies, Bitcoin has no central authority or issuer. Bitcoin uses a distributed database spread across nodes of a peer-to-peer network to journal transactions, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by the person who owns them, and never more than once. Bitcoins can be saved on a personal computer in the form of a wallet file, or kept with a third party wallet service, in either case bitcoins can be sent over the internet to anyone with a bitcoin address.
Mining:
Mining is a process where you use your computer power to hash transactions occurring in the bitcoin network. Successful hash of a block of transactions results in a reward of 50 bitcoins. This is known as "solving a block". Pool mining is a way for many to work together in the process of hashing transactions, and then share the reward to members based on their contributions, this gives the user stable pay outs.
Software:
Piriform Speccy - can be downloaded at http://www.piriform.com/speccy. This analyzes your Operating System, CPU, RAM, Motherboard, Graphics, Hard Drives, Optical Drives and Audio. This is important to download because it also gives the current temperatures of your CPU, Motherboard, and Graphics Card. You DO NOT want these over heating and burning out.
MultiBit - this is essentially your online wallet. It can be downloaded at http://multibit.org/ it's very user friendly compared to the other ones I've tried. You're assigned a very complicated set of numbers and letters, this is known as your wallet's address. Anytime you want to request funds, you need this address so they can be transfered.
Guiminer - this is one of the most important aspects of mining. This controls basically everything. You pick your mining pool on here, then you go to their dedicated website and create an account. You can download Guiminer here:
Scroll down and click "Download latest version" and preferably save it to your desktop for convenience. After this is downloaded and saved to your desktop, open it and scroll down looking for a round orange icon with a white "B" labled Guiminer. Open the program and let's get started.
You can create what ever kind of miner you want, I personally created a "New Phoenix Miner". Next you select your server, there are a ton to choose from, but I personally use "BitClockers" and I'm on team NexGen. Go to where it says "Server:" and find BitClockers. To the right of it will be a URL to the website where you create an account. Create an account with a simple user name and password. Next, on the website go to your "Dashboard"...then click on "Workers"...Scroll down to the bottom, fill in your workers name, and a password assigned to the worker-click "create worker".
NOW you're ready to mine. Go back to your Guiminer software, go to the BitClockers server, type in the username (workers name) and password you just created, select your device, your CPU affinities, and hit "Start mining". Now you should have your character on a tab. Hover over "view" and select "show summary" and this will show you everything you need to see once your worker is set up.
Extra Flags: - This is a code you find online that is specific to your video card. It basically turbo that will recognize and tune your mining with your GPU.
Example: I am running a XFX Radeon HD 6770 so I simply typed in "Guiminer extra flags Radeon 6770" into Google and it gave me this "-k phatk VECTORS BFI_INT WORKSIZE=128 FASTLOOP=false AGGRESSION=12" it increased my Mhash/s by atleast 100/s. This is only useful if you have up to date or powerful video cards.
Mining Teams - Go back to the BitClockers website, select "mining teams" and join a network. I chose Team NexGen because it has the most members, and is running the most efficient.
Dashboard - This is where you will spend most of your time monitoring your speedometer, your total BTC share for the block being solved, etc. Click on "Bitcoins (BTC)" to see what you've earned so far. IMPORTANT: You must go back to your online wallet, get your wallet's address, copy & paste it into the box that says "Payout Address" and hit Save. Whenever you want to cash out, open your MultiBit wallet, and hit "Instant Payout" on the BitClocker's page. You should see the funds transfer instantly.
I have to stress, if you don't have an "aftermarket" video/gamer card, you will not produce adequate results. You can try, but it's all based off of your card, so quality is essential.
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