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[How To] Bitcoin Mining

B

bossland

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We present you the first easy to use Bitcoin Miner - Bitminter.


What are Bitcoins ?


[video=youtube;Um63OQz3bjo]http://www.youtube.com/watch?v=Um63OQz3bjo[/video]


Why Bitcoins ?


As you have seen, you can buy Honorbuddy with Bitcoins, so even if you have no money, you can mine Bitcoins with your Computer and use them as a payment option. All our products will be purchaseble with Bitcoins. However you will never be able to buy alpaca socks here.


What do you need to mine Bitcoins ?


Java, latest drivers for your graphic card and the bitcoin client


You probably will need an Bitcoin Wallet, but at first your bitcoins will be stored at bitminter.com, they can be withdrawn anytime.


You need to register on Bitminter in order to use the Mining Software. As you can see the Mining Client is Labeled with our Wasp :)


Few helpfull thing upfront:


Mining with your CPU is bad and absolutely not effective


Mining with an Nvidia card gives you average speed


Mining with an AMD card works at fastest
 
From what I've seen, I would loose more in electricity Bill than I would win in bitcoins LOL only profitable on countries where electricity is cheap, and the profit isn't even considerable if you only have one machine
 
i have almost 13 bitcoins in my bitcoin wallet doing nothing.
 
Edit: nevermind. The more I read, the less I know about what bitcoins are.
 
Last edited:
same here, but now i have it running. can someone explain why we earn coins by running the program etc ?
 
jeppej said:
same here, but now i have it running. can someone explain why we earn coins by running the program etc ?
Click to expand...

It's funded by electricity companies who in turn make billions off people running the mining programs.
 
13 coins after about 2 weeks pretty much non stop.. but this was about a year ago when coins were easier to mine.. I dont mine anymore, it's totally not worth it
 
Go to a third world country with cheap computers. Connect bicycles to computers, so it runs on manpowered electricity. Pay employee 1 dollar a day. Get rich while doing nothing!?!?!?!?
 
[h=4]Fastest Users[/h]2012-02-09 00:45[TABLE="width: 0"]
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[TH="bgcolor: #027BC0, align: center"]Name[/TH]
[TH="bgcolor: #027BC0, align: center"]Mhps[/TH]
[/TR]
[TR]
[TD="bgcolor: #ECECEC, align: center"]1[/TD]
[TD="bgcolor: #ECECEC, align: center"]Bossland[/TD]
[TD="bgcolor: #ECECEC, align: right"]18,438[/TD]
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Really struggling to get my head around this...
Are you trading proccessing power for bitcoins?
Does faster pc = faster rate of bt?
 
Well my understanding of what I'm actually doing is slim to none, but it appears that if I let it keep doing this I will earn about .120 bit coins in a 24 hour period. Only need .228 Bitcoins to earn a 24hr trial of HB, or 5.828 Bitcoins for 1 session, so it seems a nice way to get a legit HB with no money.
 
ciano1 said:
Really struggling to get my head around this...
Are you trading proccessing power for bitcoins?
Does faster pc = faster rate of bt?
Click to expand...

sort of, but not really.. it's actually

faster (better) video card = faster mining

ATI video cards are by far the best, NVidia cards are horrible for this. If you're SELLING coins for "market value" (around 5.60 each last time i looked), you can make about $60 a month mining with an average system. ($60 before your electricity costs, which WILL go up)
 
This is fun if you get electricity for free like me. But for the rest of people it's not even worth it.
 
im really not sure how this works, but i get arround 0.2718 per day
 
Killaaaa said:
This is fun if you get electricity for free like me. But for the rest of people it's not even worth it.
Click to expand...

ya, i get free electricity too, and it's not really even worth it for me lol
 
Indeed not worth it with the electricity prices being what they are. Only viable if you live somewhere with free electricity, and even then...tbh nothing is free. If your landlord sees that you're using 2000kW constantly you're gonna be in trouble, trust me. Noone wants to pay for your earnings.

I wonder however if one uses a really energy efficient system with a cpu that has integrated gpu, like those only taking around 30ish Watts...might be worth it, but it would probably take a year to even break even with the electricity+cost of computer.

However if you work at a school as a teacher, hooking up 50 shitty computers and making them run on non-school hours would be nice heheheh pew pew, only way to raise the salary as a teacher lolz
 
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