Graphic card bitcoin mining

Sam has been mining Bitcoin and other cryptocurrencies since With their recent jump in value Bitcoins are becoming more popular than ever. This sudden increase in popularity has created a gold rush causing everyone to gain interest in this new digital currency.

While many people find it easier to simply buy Bitcoins others have discovered Bitcoin mining is a fun and challenging hobby. Mining for Bitcoins can be both fun, and profitable and it's actually easier to graphic card bitcoin mining started then you might think. Unfortunately Nvidia cards do not perform very well at all when it comes to mining when compared to AMD cards.

If you already have an AMD Radeon or graphic card bitcoin mining video card installed then you are in good shape to start mining for coins. I wouldn't recommend going out and purchasing a new video card just to mine Bitcoins with but if you need to replace an older card anyway you might consider purchasing a Radeon card instead of Nvidia Hardware. If you're hardware isn't powerful enough to mine Bitcoin you can still earn Bitcoin by using NiceHash which mines other cryptocurrencies but pays users in BTC.

Graphics rendering requires tons of mathematical computations graphic card bitcoin mining GPUs are specifically designed to do. Since Bitcoin mining also requires math computations hashing GPUs work very well for this purpose.

A CPU is like a small group of very smart people who can quickly perform any task they are asked to do. A GPU is like a large group of dumb people who on their own graphic card bitcoin mining not very fast or intelligent, but they can be taught to do repetitive tasks, and as a group they can be more productive due to the sheer number of them. Before you start mining for Bitcoins you will need to create an online wallet that will be used to receive and store Bitcoins.

There are several places to create online wallets but I recommend using Blockchain. Blockchain allows you to create a free, and secure wallet that provides many useful features. To create a wallet click on the link graphic card bitcoin mining 'Create my free wallet'. To set up the new account enter an alias think of this as the username for the accounta secure password, and the capcha answer.

Blockchain will generate a password recovery mnemonic, be sure to store this somewhere safe in case you ever need to recover access to your wallet. It's important to use a very secure password for the wallet. If anyone were to gain access to your wallet they could quickly steal all of the coins inside. After creating the account log into the wallet using the identifier and password. The address of the wallet can be found on the main wallet home tab. The address consists of alphanumeric characters.

This address is what you will provide to people so they can send you payments using Bitcoins. While it is possible to mine for Bitcoins on your own it is not something I would recommend doing. Solo mining requires an incredible amount of processing power which most people don't have access to.

Pooled mining allows miners to group up to solve blocks and earn Bitcoins together. Each miner that joins the pool earns shares for the work they contribute. Each time the pool finds a block currently worth There are many different mining pools you can join, each pool has their on pros and cons. As you learn more about Bitcoins you will be able to make a more graphic card bitcoin mining decision of which pool is best for you.

I recommend joining AntPool because it has some great features and is very easy to use. The process for joining most Bitcoin mining pools is very similar but in this guide I'll show you how to start mining with AntPool.

Graphic card bitcoin mining registering with AntPool you will need to create a sub account and associate a Bitcoin wallet. Payments will be sent from the pool to this wallet address once the payment threshold has been reached. After logging in click on the settings like to create a new sub account.

Once you've created a sub account click the edit link to add your Bitcoin wallet address. The changes to your account will need to be confirmed by responding to graphic card bitcoin mining email sent from AntPool. Next you need to setup a worker, click on the dashboard tab then workers.

You will need one worker account for each copy of CGMiner you intend to run. At this point you should have a Graphic card bitcoin mining wallet which is now associated with the AntPool worker.

This means you are finally ready to start actually mining for Bitcoins! There are several different Bitcoin mining clients available but I will be showing you how to use CGMiner. Graphic card bitcoin mining is compatible with both Windows and Linux operating systems. Among the great features of CGMiner are support for overclocking, hardware monitoring, fan speed control and also remote interface capabilities.

Versions later than 3. After downloading the compressed zip file open the archive. You can use 7zip to extract the contents of the file. Inside the archive you'll find a folder called cgminer You should end up a with a folder called c: Nest you need to enter the pool settings into the cgminer. Edit the existing cgminer. Once the config file has been modified you are ready to start mining for Bitcoins using CGMiner. Double click on cgminer. If your configuration graphic card bitcoin mining correct CGMiner launch, connect to the mining pool, and start mining for Bitcoins.

Graphic card bitcoin mining CGMiner starts mining for Bitcoins you can check the status of the worker in the mining pool web interface. Most pools take somewhere between minutes before they will start showing statistics for the worker online. If CGMiner was able to successfully connect to the pool you will see the current speed and an estimate of the workers profitability per day. If you do not see any stats after the miner has been running for a while check the username and pool settings in the CGMiner config file.

Mining for your own Bitcoins is a great way to learn more about digital currency. You might find that you enjoy mining enough to become a hardcore enthusiast and purchase high end mining hardware such as the ASIC miners designed by Bitmain. If you decide that mining Bitcoins isn't for you it's still easy to be involved with Bitcoins in other ways.

You can buy and sell Bitcoins on many of the popular exchanges such as Coinbase. Sign in or sign up and post using a HubPages Network account. Graphic card bitcoin mining are not for promoting your articles or other sites. I'm not aware of any mining software for other microcontrollers, most requires either Windows, Linux, or Mac. It sounds like it's unable to connect to the mining pool. Double check the server address, worker name, and password in cgminer. I followed this guide now and i get this in cgminer: I tried doing this but i always get this message: Graphic card bitcoin mining Eclipse pool has shutdown.

I'm currently working on updating this article but in the mean time I recommend checking out www. You may also want to take a look at my most recent mining article which explains how to earn Bitcoins with NiceHash. I suspect you may earn more with it instead. I have 3 gpus, i can only get 2 of them mining. It shows 3 gpus in cgminer screen after running batch file, one off them show Graphic card bitcoin mining, any idea why?? But, what if miner.

Seems it starts, shows 2 fast cmd windows, and that's it. Nothing opened after that Try running the batch file from a command prompt in order to see what error message you are receiving.

Isn't it true the more bitcoins that are graphic card bitcoin mining added to the total out there the longer it takes graphic card bitcoin mining create one and then more expensive machine you'll graphic card bitcoin mining to mine them in a reasonable time.

Isn't it very late to come to this party all ready seems like a ponzi scheme. Many people are actually planning to start mining Litecoins at that time. You are correct in that it can take quite a while to generate one Bitcoin depending on how powerful your system is. Luckily by joining a pool you can earn fractions of a Bitcoin. Each coin is divisible by 8 decimal places.

You can run a quick calculation to determine if mining is profitable for you using one of the many online tools. You'll need to know the power draw of your miner, hash rate, and how much you pay per kilowatt for electricity. Other product and company names shown may be trademarks of their respective owners. HubPages and Hubbers authors may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.

To provide a better website experience, hubpages. Please choose which areas of our service you consent to our doing so. For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: Have you heard of Bitcoins before? Yes, Graphic card bitcoin mining heard of them but I don't know much about them. Yes, I've heard of Bitcoins and have used them before. No, I have no clue what a Bitcoin is.

Here is a popular analogy:

TNW uses cookies to personalize content and ads to make our site easier for you to use. Bitcoin mining was once nothing more than a lucrative hobby for nerdy cryptocurrency enthusiasts. The only hardware required, in the beginning, was a simple computer.

Things graphic card bitcoin mining changed a lot in less than 10 years. If you had a couple computers lying around with decent specs you could have earned about five dollars a day. The difficulty of mining amount of computing power necessary was graphic card bitcoin mining low then it was worth it for hobbyists and crypto nerds to participate. It was a strange time where people used GPUs to play video games, instead of playing them with cardboard like we do in the present.

I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place …. More importantly, in October the code for mining bitcoin with GPUs was released to the general public. As mining difficulty rose so did the need for better, more dedicated hardware. GPUs were up to the task. Mining bitcoin on a single GPU took very little technical skill. Nearly anyone with a few hundred bucks could could do it, and computational requirements were still low enough to make it worthwhile.

That would quickly change however, as cryptocurrency began to catch on the community started to get some big ideas on mining hardware. Efforts to scale hash rates through GPUs pushed the limits of consumer computing in novel ways. Finally, there was a way for the little people to make money using the magic of cryptography and blockchain.

It was time for everyone to quit their jobs, plug in a bunch of fairly-affordable mining rigs, and drink pina coladas on the beach. Except mining difficulty continued to rise, and with it, the power requirements would soon become too steep for your average hobbyist to make any money.

Mining began to scale once FPGAs were modified for the purpose. The graphic card bitcoin mining draw to this hardware was the fact that it used three times less power than simple GPU setups to effectively accomplish the same task. Yet, if you were an independent miner in who enjoyed your GPU setup, the writing was on the wall.

This is why ASIC miners remain the standard. But, for those who can afford it, the lure of bitcoin mining graphic card bitcoin mining to prove lucrative — at least for hardware manufacturers. Published February 2, — February 2, — Meet the first bitcoin miner: Single GPU bitcoin mining? The only way to earn an 8. This is what people who graphic card bitcoin mining bombs see in their nightmares. Tristan Greene February 2, —

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