mwiuy
Interactive Content Designer
2
MONTHS
2 2 MONTHS OF SERVICE
LEVEL 1
500 XP
Hey guys, today I am going to be showing you how to set up your BitCoin or BTC Miner.
First things first:
What are BitCoins?
Bitcoins (BTC) are a decentralized digital currency based on cryptography and an open-source, peer-to-peer internet protocol.
Now how can I make money off this?
Since BitCoins are created by Miners which is soon going to be you. This setup will put you into a mining pool with other miners who work on a block which contains 25 BitCoins each. Each block broken is divided up among'st the workers relative to the amount of work they did.
What is a Miner?
A Miner is a program that utilizes your computer's CPU (CPU Not recommended. There is no money to be made with it) or GPU to generate BitCoins. The program will not slow your computer down once it is turned off so don't worry about that!
Great! How can I get started?
Well first we are going to need to set you up a BitCoin Digital Wallet. I like to use Electrum, the link is http://ceesty.com/wvDHYj
Download and install the wallet that is for your OS.
Now where can I find a BitCoin Miner??
I recommend using GUI Miner, because it is easy to set up, and is great for beginners!
You can download the latest version http://ceesty.com/wvDKOv
It will download as a .zip file that auto-unzips when you run it. Just extract it to somewhere you will remember!
Once you extract it, run the program listed as guiminer
Now we are going to need to sign up for a BitCoin mining pool!
personally like to use slush's pool, because it is reliable and over has a nice feel to it. You can sign up http://ceesty.com/wvDZZi
Once you have successfully signed up, go to your profile
You are going to take your Electrum wallet ID and import it to your account. Click the box to the right of the wallet ID to add it to your clipboard.
And import the wallet ID into your account!
Once imported, you are going to register a new worker on the same page. Scroll down and click to register a new worker. It doesn't matter that you see my password because all you can do with it is mine for me and help me produce more BTC for my account
First things first:
What are BitCoins?
Bitcoins (BTC) are a decentralized digital currency based on cryptography and an open-source, peer-to-peer internet protocol.
Now how can I make money off this?
Since BitCoins are created by Miners which is soon going to be you. This setup will put you into a mining pool with other miners who work on a block which contains 25 BitCoins each. Each block broken is divided up among'st the workers relative to the amount of work they did.
What is a Miner?
A Miner is a program that utilizes your computer's CPU (CPU Not recommended. There is no money to be made with it) or GPU to generate BitCoins. The program will not slow your computer down once it is turned off so don't worry about that!
Great! How can I get started?
Well first we are going to need to set you up a BitCoin Digital Wallet. I like to use Electrum, the link is http://ceesty.com/wvDHYj
Download and install the wallet that is for your OS.
Now where can I find a BitCoin Miner??
I recommend using GUI Miner, because it is easy to set up, and is great for beginners!
You can download the latest version http://ceesty.com/wvDKOv
It will download as a .zip file that auto-unzips when you run it. Just extract it to somewhere you will remember!
Once you extract it, run the program listed as guiminer
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Now we are going to need to sign up for a BitCoin mining pool!
personally like to use slush's pool, because it is reliable and over has a nice feel to it. You can sign up http://ceesty.com/wvDZZi
Once you have successfully signed up, go to your profile
You are going to take your Electrum wallet ID and import it to your account. Click the box to the right of the wallet ID to add it to your clipboard.
And import the wallet ID into your account!
Once imported, you are going to register a new worker on the same page. Scroll down and click to register a new worker. It doesn't matter that you see my password because all you can do with it is mine for me and help me produce more BTC for my account