How to mine btc


SUBMITTED BY: Guest

DATE: Aug. 23, 2012, 12:13 a.m.

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  1. The goal of this tutorial is to obtain about 3 to 6 bitcoin a month. This will allow you to pay anonymously for various online web services.
  2. == Don't buy or sell coins with identificable information ==
  3. Some services will allow you to buy or sell coins. Don't use them because they may be forced by the law to reveal you private identifications.
  4. == You need a Radeon graphic card ==
  5. Thats it. If you have no Radeon then no mining.
  6. == You need a good Radeon graphic card ==
  7. Mining performances are listed in hash per seconds (h/s). You need to mine at least 80mh/s to mine 1.2 bitcoin per month. If your card can't mine at this speed then most of your computations will be rejected and thus you will not get paid.
  8. Check this list to know how your graphic card can perform :
  9. https://en.bitcoin.it/wiki/Mining_Hardware_Comparison
  10. == You don't need to download the Bitcoin client ==
  11. In order to get paid you'll need at least on address. In order to do so you can use https://blockchain.info or download the Bitcoin client. If you download the bitcoin client you will need to download the whole chain of transaction on your computer and leave bitcoin open. It's not that big of a deal but its not required. Do what you think is best.
  12. == You need to join a pool ==
  13. If you don't own a complete data center then you can't mine on your own. You need to join a Mining pool. Mining pools change frequently so I will not advice wich one to join.
  14. What is important to know is that some pools pay for each computation you make and take a % of your mining profit and other will pay you if the group find a coin.
  15. == Download a mining client ==
  16. You need to download a Mining client. The one I know of are GUI Miner and Phoenix Miner. There's a lot of clients out there an depeding on your system some will acheive different performances.
  17. For beginners I recommend using GUI Miner since it user friendly.
  18. Here a list of the most popular mining software :
  19. https://en.bitcoin.it/wiki/Category:Miners
  20. == Try different configurations ==
  21. Mining software have different configuration that allow to use your GPU to the maximum. People posted for their card how they could acheive max performance here : https://en.bitcoin.it/wiki/Mining_Hardware_Comparison
  22. Check what other did and adjust your settings afterward.
  23. == Learn more ==
  24. You now have all you need for your basic needs. If you want to learn more then check out the Bitcoin official website and the bitcoin wiki.
  25. Have fun!

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