How to mine BTC

i have radeon and the electricity in michigan,USA only cost 8 cents per kiliwatt, my 1000w computer runs 24/7 and it only cost 5 dollars to run monthly

computers are cheap to run

11 years ago

Permalink

Comment has been collapsed.

Ekaros

At idle... At load it uses more...

11 years ago

Permalink

Comment has been collapsed.

SeaGoblin

i turned idling off, so it runs full at all times and i keep high requirment games running all nnight long for the whole month so it cant idle even if it could

11 years ago

Permalink

Comment has been collapsed.

Ekaros

No, your GPU don't run at full power if there is no load on there...

11 years ago

Permalink

Comment has been collapsed.

SeaGoblin

trust me the games i play require full load lol and i monitored my computer with an electricity monitor while it was under full load then added up for a month if it stayed on full load, came to 5 bucks a month

now if it did idle, it would cost even less

11 years ago

Permalink

Comment has been collapsed.

Ekaros

In that case sure...

What are your cards?

11 years ago

Permalink

Comment has been collapsed.

STAB

just tell me HOW to mine ?

11 years ago

Permalink

Comment has been collapsed.

Ekaros

Check the link above... Should contain all the information you will need.

11 years ago

Permalink

Comment has been collapsed.

STAB

It was very confusing

can u gimme a direct download link pls ?

11 years ago

Permalink

Comment has been collapsed.

Ekaros

If you can't dig the info from bitcointalk.org you shouldn't be doing it...

11 years ago

Permalink

Comment has been collapsed.

STAB

just give a link na ? x(

11 years ago

Permalink

Comment has been collapsed.

Member

Ok, there it is

11 years ago

Permalink

Comment has been collapsed.

fiftykyu

Friend, if you can't be bothered to learn about this stuff, or you can't figure out what the words mean, you're just going to get scammed out of your 0.01 BTC next month anyway.

11 years ago

Permalink

Comment has been collapsed.

Ekaros

Or gamble it away like I did...

At least I still have my 35k XRP... What ever good they will ever be...

There is very large amount of good information, but if one can't take the effort to read part of it, they shouldn't try mining...

11 years ago

Permalink

Comment has been collapsed.

mancoon

It's 2013, no one really mines nowadays. Try joining a mining pool but still the gains are minimal

11 years ago

Permalink

Comment has been collapsed.

Ekaros

It's 2013, big boys have ordered their ASICs some have gotten them...

11 years ago

Permalink

Comment has been collapsed.

SeaGoblin

arnt bitcoins like worth 80 dollars right now? how is that a minimal gain?

11 years ago

Permalink

Comment has been collapsed.

Ekaros

114... But to get the block you need lot of work... And thus it's not profitable without very cheap electricity or specialized hardware

11 years ago

Permalink

Comment has been collapsed.

oginer

That's not much when it takes you months to mine a single bitcoin.

11 years ago

Permalink

Comment has been collapsed.

SeaGoblin

i thought u could randomly get one a month

11 years ago

Permalink

Comment has been collapsed.

Ekaros

Better go and play some lotto...

11 years ago

Permalink

Comment has been collapsed.

doctorofjournalism

As others have said, it's really not viable today unless you have ASIC hookups or receive free electricity.

11 years ago

Permalink

Comment has been collapsed.

DrPavelImCIA

It's useless unless you get a dedicated brute force machine now, and I don't mean lots of graphics cards in sli/crossfire. These days people have moved onto dedicated hash solving machines.

11 years ago

Permalink

Comment has been collapsed.

KoikeEriasu

Can anyone explain to me what is this?

11 years ago

Permalink

Comment has been collapsed.

Kipr34

11 years ago

Permalink

Comment has been collapsed.

Ekaros

Way to produce cryptographic distributed currency know as bitcoin...

11 years ago

Permalink

Comment has been collapsed.

KoikeEriasu

This actually explains nothing... But I read and saw a video about bitcoins... A waste of time. Go outside, find a work in a field, and you can get more money, but with the hard way. But I don't think any human would prefer that way... Too special beings...

11 years ago

Permalink

Comment has been collapsed.

Ekaros

One explanation...

Might be the future currency, might not be... Anyway it's questionable if jumping in is profitable anymore atleast on mining side...

11 years ago

Permalink

Comment has been collapsed.

2kwik4u

From what I understand, BitCoin is an open source virtual currency and banking system. There will be only 21 million BitCoins in the world, the supply will never increase, therefore there is no inflation and people feel like it might be a good safe haven to store your money, especially when your country's government is retarded and is printing dollar bills like crazy.

BitCoin mining was an incentive for people to start hosting the BitCoin software. Basically, you install the software and your computer will start processing/approving BitCoin transactions all over the world. At the beginning there were 0 BitCoins in circulation and the people who started hosting the servers had good chances of earning BitCoins in exchange for the hosting they provided. Now it is harder to mine because a lot of BitCoins have already been created and as more and more BitCoins get created, it gets harder and harder to mine a new one. When the total BitCoin supply has reached it's ultimate goal of 21 million. BitCoin mining will stop and most likely move on to a small transaction fee.

As a lot of people already pointed out, the prime BitCoin mining days are over and now it's very hard to make a profit. The only people that still get something out of this have specialised hardware and free electricity.

Also, I've never used BitCoins but I hear it's a good way of exchanging currency when travelling. For example, you could buy BitCoins with your USD and sell them for some Euros. This way you avoid the exchange fee.

11 years ago

Permalink

Comment has been collapsed.

cowbell

Unless you were an early adopter, you are wasting time and money.

11 years ago

Permalink

Comment has been collapsed.

fiftykyu

Like everyone already said, it's too late for random gpu mining person to make any money doing this. You need a time machine, and free electricity.

It's like that Metro: Last Light for $0.01 from Best Buy. Too late, it's gone. Mining with a pc, don't waste your time. :)

11 years ago

Permalink

Comment has been collapsed.

Ekaros

Probably if you chose the right altcoin for right time there might be something there. But it's more of gambling...

11 years ago

Permalink

Comment has been collapsed.

moyako1802

I tried it back then when it was a new thing (electricity is damn cheap in my country), but I didn't like the way it stressed my GPU.

I regret it now

11 years ago

Permalink

Comment has been collapsed.

Dacoda

Please listen to the kind advice here and don't try. If you want to know, try Wikipedia or google. :)

11 years ago

Permalink

Comment has been collapsed.

pomgoe

Hitchhiker's guide to bitcoins:
Step 1: get a bitcoin client – the oficial one
Step 2: get a program called "guiminer" (or some alternative)
Step 3 (optional): join a pool – higher chance to actually get some bitcoins, they should have instructions on their website (http://mining.bitcoin.cz/ is pretty good pool)
Step 4: wait a year
Step 5: questionable profit, you have just spent so much money and effort for 1 BTC, congratz
TL;DR: Don't mine bitcoins, it's a waste of time and electricity.

11 years ago

Permalink

Comment has been collapsed.

MrBacon

You don't. You invest when the price is low and hope it goes up. Mining is pointless.

11 years ago

Permalink

Comment has been collapsed.

CombatWars

Step 1: Put down $20000+ for a ASIC miner

Step 2: Join a mining pool/.

Step 3: Waste hundreds of dollars of electricity to recoup losses on buying the miner/electricity costs