Earn bitcoin powerful computers. How to mine Bitcoins - the essence of the process and where to start, types and profitability of earnings

Surely almost everyone who is just starting to get acquainted with Bitcoin, wants to get it on their own computer, and not on the stock exchange cryptocurrency or something else. We hurry to upset you: today it is unreal. 2-3 years ago it was possible, but then large investors saw a huge potential for making profit from mining bitcoins  and invested large sums in the development of specialized chips.

This has led to the emergence of specialized devices called ASIC (an acronym for the English application-specific integrated circuit, “special-purpose integrated circuit”), designed exclusively for mining cryptocurrencies. The speed of mining Bitcoins using ASIC has increased hundreds of times when compared with conventional home computers. Due to the growing power of the Bitcoin network, the complexity of mining cryptocurrency has increased, after which it has become impossible to extract Bitcoins on a stationary computer.

Bitcoin mining plant

Do not be upset!

Due to the fact that Bitcoin is open source, independent developers have begun to make many different alternative cryptocurrencies for a variety of purposes. Such cryptocurrencies are commonly called “forks” or “altcoins”. The goals for each of the developers to create their own cryptocurrency are their own, as well as the differences between the fork itself and its progenitor. This may be, for example, a greater number of coins that can be mined, or a higher transfer rate, each fork has its own particular differences. For example, the second most popular cryptocurrency is litecoin, it is also a fork of bitcoin.

So what's the use of it? Quite simply, due to the fact that ASIC chips are manufactured only for specialized crypto-mining mining encryption algorithm, such as SHA-256 (Bitcoin) and SCRYPT (Litecoin), some independent developers released their cryptocurrency with another algorithm, which ASIC devices use. does not exist. This is done to ensure that the power of the network, and therefore the complexity of the production of the new fork, does not grow to enormous values. It turns out that such cryptocurrencies can be mined on ordinary computers, and how to do this and how many coins can be mined, we will understand further.

Bitcoin mining is not for us, but there are other cryptocurrencies!

So, what do we need for mining cryptocurrencies, and what, in fact, will be mined? Instructions in several stages:

1. Choosing a cryptocurrency for mining
2. Choosing a pool for mining
3. Choose a program for mining
4. Customize and run mining programs
5. We deduce the mined coins to your wallet or to the exchange wallet

The mining speed of any cryptocurrency, including Bitcoin itself, is measured in hashes per second. At the time of writing, the current unit for measuring the speed of mining is “kh / s” (kilohashi per second). We need to know with you how much our computer can issue “kh / s”. The speed of mining depends on the characteristics of your video card, for example, take the NVIDIA GTX 580, the average mining speed on which will be 220 kh / s. You can see what speed your video card can produce at this link. How to understand which cryptocurrency is best for mine today? This will help us two popular sites: coinwarz and whattomine, where we will see summary tables of all existing cryptocurrencies that can be mined, as well as their mining algorithms.

For us, the important indicators are “Revenue / Profit (per day)”, which means “reward / profit (per day)” and the “Exchange Volume” column, which means the amount of coins that we can sell on the exchange at such a price so as to get exactly the profit that we see in the column “Revenue / Profit (per day)”. We advise you to change your minted coins to bitcoins once a day, so as not to lose profit, if suddenly the price of cryptocurrency goes down, and this happens quite often.

The choice of cryptocurrency for mining

So, we chose the most profitable cryptocurrency for us, at the time of this writing, this is Feathercoin (FTC) with the NeoScrypt mining algorithm. We enter our mining speed in the table and get that we will be able to mine cryptocurrency for 96 cents per day or $ 28 per month (without taking into account the cost of electricity)

1. The choice of a pool for mining.

After choosing a cryptocurrency for mining, we need to find a pool in which we will mine it. Of course, you can mine "in solo", i.e. Alone, but it’s still more effective to unite with other miners and mine in the pool.

A pool is a site where many small miners join together and cryptocurrency is mined by common efforts. The greater the power of the pool, the greater the chances of finding the right unit and getting more coins. Sites of pools usually indicate on official cryptocurrency sites in the Pool section or on thematic forums, such as Bitcoin Talk. The main criteria for choosing a pool is the total mining power of your cryptocurrency and commission.

1. Choosing a mining program

The most relevant mining programs for today are sgminer and ccMiner.

1. Starting a mining program

Setting up and launching a program for mining deserves a separate article that will soon appear on our website.

1. Installing a wallet or registering on the stock exchange

Stayed last step. Your will need a wallet into which you will transfer your mined coins. The official wallet can always be downloaded from the official cryptocurrency website, but there is another, simpler option. You find your cryptocurrency on the coinmarketcap website, look at which exchanges it trades. Choose the one with the largest “Volume”, i.e. trading volume. Register on this exchange, open a personal account, find your cryptocurrency, click “Deposit” to deposit funds, and get an address for your coins. Now after you put your first coins in the pool, you can easily transfer them to your wallet on the stock exchange. After that, the choice is yours: either you immediately exchange them for a more stable cryptocurrency - Bitcoin, or keep them for yourself, in the hope that their price will rise. It is also important not to forget about the commissions for withdrawal of funds: the more often you withdraw cryptocurrency from the balance of the pool, the more often you pay this commission.

Want more news?

Now the Internet is full of information about Bitcoin, including its not a little and on our electronic money exchanger  . Cryptocurrency excites users with ease of earnings and some secret of its appearance. From a distance, everything seems so simple: a bitcoin mining program is downloaded, unpacked, installed on a personal computer, and earnings for searching and mining cryptocurrency begin.

But, any business begins with the calculation of efficiency. Efficiency is the success in achieving the planned result, at minimum cost. Efficiency is easily calculated using mathematical formulas.

To calculate the effectiveness of earnings on mining cryptocurrency determine the planned income and the amount of costs. The result of dividing the revenue part of the cost and will be effective.

But not everything is so simple, there are circumstances that directly affect the result, especially at this particular moment.

The first factor: the bitcoin rate, a sharp drop in it and the mining process may become unprofitable, a sharp rise and all costs pay off quickly, but here you need to be aware of all the trends, be able to quickly navigate and exchange cryptocurrency in time for fiat.

The second factor: the complexity of mining coins. The increase in the number of participants and the number of extracted bitcoins increase the complexity of the tasks, the solution of which allows to obtain a certain amount of bitcoins.

It was a time when it was possible to install a bitcoin mining program, buy several video cards on a home computer and get cryptocurrency. With the current development of cloud technologies, it is possible to earn on the extraction of cryptocurrency only in association with other “miners”.

Mining of any cryptocurrency can be run according to the following instructions:

• selection of virtual currency for mining, for example: Bitcoin;
• pool selection;
• the choice of a program for mining Bitcoins in Russian;
• setup and launch of the selected program;
• withdrawal of the earned currency to the wallet.

Mine bitcoin on a personal computer, today is almost impossible. This is due to the increased complexity of the tasks solved to obtain Bitcoin and the cost of this process of electricity. And for Bitcoin and Lightcoin, ASIC chips have been developed, increasing their production speed several hundred times. But the forks and alcoins that appeared like mushrooms after rain do not have a specialized mining encryption algorithm and are easily mined on a personal computer and then exchanged for bitcoins.

Hello, dear blog readers site! In previous articles, we met Bitcoin, the most popular representative of the cryptocurrency empire. If you still do not know what it is, - read the articles "" and "".

The subject of today's material mining  - less profitable than the exchange method of earnings (but more profitable than), but much more popular and not as risky as playing the stock market way to replenish bitcoin wallets.

Bitcoin mining - what is it?

Cryptocurrency is an informational money that exists in the network due to the active work of a certain algorithm (read). It can also be called cryptozolotoma or a virtual analog of gold. Like gold, the number of cryptocurrencies is strictly limited and can be obtained either by buying or by mining. The latter is called Mining.

Cryptocurrency mining (and bitcoins in particular) goes by sorting numbers, each of which calculates the so-called (it is often used to check the integrity of data, for example, when downloading from the network). If it (hash) corresponds to a given pattern (for example, there will be so many zeros ahead), then a new unit of cryptocurrency is released (essentially its production).

The complexity of the pattern is set so that the probability of production is consistent with the plan (there is a plan until 2033 for Bitcoin). Over time, mining (mine) will only be more difficult. For each block (number found) miner receives a reward. The higher the computational power of the system they use, the higher the probability of being rewarded.

For the algorithm to succeed, you need a computer of enormous power (GPU video cards that support a huge number of parallel pipelines are best suited for calculations). The popularity of bitcoins is constantly growing, and therefore the complexity of the associated information operations increases.

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Therefore, in order to avoid failures, unknown developers have decided to integrate conventional PCs into a global network that will deal with the so-called hashing. For hashing, PC owners are necessarily rewarded.

Moreover, the earnings on the cryptocurrency mining, starting from 2008 to 2015, amounted to a total of more than two billion dollars (now this amount has probably already been significantly exceeded):

In fact, hashing and mining are words that are synonymous, but for some reason, the last option is more popular on the network.

You can earn on mining in two ways.

Due to the fact that lately bitcoin has risen in price, mining cryptocurrency is gaining more and more popularity, because the cost of equipment and electricity more than pay off. u after a sharp rise to the top is not in a hurry to decline.

Many in this wave are now seeking to invest in ASIC (and the powerful graphics cards used in it, often specialized), as well as services have appeared in the provision of computing power.

But to decide on any of you, and I just try to briefly describe the current situation in the mining market and describe the emerging trends.

Mining Bitcoin or other cryptocurrency?

For some people, it will be a revelation that cryptocurrency is not limited to bitcoins alone: there are still lightcoins, dodecoins, and so on and so forth. In the process of mining it is worth paying attention, probably, to new types of cryptocurrency, since Bitcoin is a rather outdated option.

An increasing number of people make transactions with Bitcoin, and the maximum number of units of this informational money - 21,000,000 - sooner or later the limit will be exhausted.

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It is necessary to analyze, of course, a number of indicators in order to make the right choice. For example, mining speed is very important  (sometimes it is very different on a particular project). Speed ​​is measured in kilohashies per second; if on one service with the same consumed power, the speed will be higher than on the other - it is worth migrating to a competitor.

What needs to be considered for successful mining

It is possible to mine cryptocurrency alone (by downloading and installing special software) or in a group (by doing the same, but uniting with other people). Groups are called pools, there are a lot of them on the Internet. The advantage of collective labor is in its evaluation: the more efficient the pool is, the higher is the price of the hash distributed among the participants in accordance with the capacities they donate.

Mining programs  abound in the same way, it is desirable to use foreign ones, but it is possible to work with Russians. Russian services are good for clarity and the fact that they themselves are pools, respectively, there is no need to look for a suitable company.

Mining on LTCraft

I think that it’s unnecessary to talk about that initially (if it isn’t there, then just use the link provided. Let's analyze the work on the domestic resource LTCraft  . The first step is registration. We enter the mailbox, because the other servers receive letters poorly), we confirm that we are not robots:

In addition to bitcoin mining, the service offers us to earn money from viewing third-party sites and completing assignments, but we will not be dispersed (I have a separate article). To perform the necessary settings - go to "My computers»:

Here we need to download the archive with the program. Which one to download depends on the video card of your computer. Determining the type of video card is easy: go to " Start", Enter" device Manager", Select in the opened window" Video adapters»:

Our card is AMD Radeon. AT " My computers"Click on your (so far the only) computer, designated by the formula" Login_1»:

Scroll below, find the type of video card we need. We download archive with the program for mining and a file for its start. Before downloading you will see the message “This file may harm your computer” - install quietly, there are no viruses.

Create a folder on the desktop or any system disk, and another folder in it. Unzip the program to the last folder - open the downloaded WinRar and drag it all the contents. It should look like this:

Now the downloaded “startAMD” file, which threatened our PC with “virus infection”, we have to transfer to the created third folder, that is, in “Ethereum ...”. See the screen and check if you did everything correctly:

   * when you click on the picture, it will open in full size in a new window

Now we start the program for earning money on mining. To do this, click on the added file “startAMD”. If you were not mistaken when saving, then statistics will appear in a personal account in a few minutes - how many decisions have been made, what is their speed and so on.

If for some reason it was not possible to install the program, contact technical support for clarification.

Minimum amount for withdrawal  just funny - only 5 kopecks. There are many ways to cash out:

1. WebMoney;
2. Yandex money;
3. Payeer;
4. Mobile phone of any operator;
5. QIWI;
6. Vkontakte (voices);
7. Internal Account (LTR).

E-wallets earn money instantly, cashing in other areas may be complicated by delays.

Referral program  five-level, from users of the first level 10% of their income comes to the balance, from the second - 2%, from the third - 1.5%, from the fourth - 1%, from the fifth - 0.5%. Based on this, we conclude: to develop affiliate program is very profitable.

Earnings conclusion on mining

Mining efficiency is directly proportional to the power you are willing to sacrifice to a resource in exchange for money. If you conduct a qualitative analysis, you can conclude that revenues are not very impressive, considering the cost of electricity and other parameters. Mining can be successfully practiced, for example, in the office, if there is such an opportunity, the prospects on the home PC are not particularly attractive.

In addition, the promise of Bitcoins, about which they talk and write a lot today, is not so unequivocally rosy: a large number of people get involved, therefore, the likelihood that this bubble will devalue is growing. However, time will tell. So far, everything is very tempting, because the cost of cryptocurrency is growing by leaps and bounds.

Yes, I almost forgot, earned on the currency you need or withdraw to the account through the list of exchangers listed on the link.

Good luck to you! See you soon on the site’s blog pages.

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The only way to issue bitcoin cryptocurrency (btc) is to mine bitcoins, which is the creation of new blocks by performing a specific mathematical task using a specialized program installed on a computer. There is a number of ways to get the demanded digital currency, each of which has its own advantages and disadvantages.

What is mining

The process of creating virtual coins got its name because of its labor intensity comparable to mining (from English mining). The essence of mining is to perform calculations of mathematical problems in order to find a certain value. The purpose of such operations is to obtain a hash of a fixed-length bit string. After the code has been decrypted, another bitcoin block appears, including a cryptographic signature. This signature is based on the hashes of the previous blocks.

The sequence of bitcoin blocks appearing one after another form a blockchain. The selection of the digits that form the basis of the hash is done automatically. Bitcoin mining involves a btc coin award that goes to the first hash-earning getter. The amount of virtual remuneration is halved every four years. At the time of the start of the system in 2009, the miners could count on 50 btc for the decrypted hash, now the reward is already 12.5 bitcoins.

Basic principles

The bitcoin mining process must comply with certain principles in order to maintain the validity of the cryptocurrency and network security. The main principles of mining are:

• the difficulty of creating a currency;
• set average time to calculate one block;
• lack of a single admission center;
• automatic increase of the level of complexity as the number of miners grows;
• the amount of remuneration is set by the system and provides for a gradual decrease;
• mandatory confirmation by the miners of the transaction between the participants of the bitcoin network by including it in the block;
• autonomous network self-regulation.

The complexity of the extraction of cryptocurrency

In connection with the constant increase in the number of electronic coin getters and the steady increase in computing power, a mechanism is needed to compensate for this growth. As such a mechanism, the parameter complexity was provided, on which the amount of extracted cryptocurrency per unit of time depends. The technical side of the concept of “computational complexity” is described as the number of attempts required to generate a hash.

Types of mining

Bitcoin earnings can be done in several ways, which involve the use of specialized devices or pay for the rent of foreign capacities. There are also conditionally free types of production. The methods differ from each other in the size of the required investment and the expected income from mining. The most popular types of bitcoin mining are:

• using a personal computer or laptop;
• using a GPU;
• using FPGA modules and ASIC chips;
• the creation of farms for mining;
• cloud mining;
• bitcoin taps, bitcoin games.

Bitcoin mining on a home computer

  Mining cryptocurrency using a video card

The time when it was profitable to extract bitcoins using a conventional video card has already passed, since the extraction process has become much more complicated and large capacities are required to perform the calculations. With the increasing interest in bitcoin due to the increase in its value, manufacturers of graphics accelerators and processors began developing powerful video cards.

Mining farms

A large number of computers involved in the mining process are the so-called bitcoin mining farms. The principle of their work consists in continuous performance of calculations. Hash generation is done using:

1. A large number of video cards - the most energy-intensive type of farms.
2. FPGA modules - economical in terms of power consumption.
3. ASIC processors - the asic device (specialized processors) is the most expensive, but at the same time its speed is maximum.

Cloud mining without investment

The principle of obtaining bitcoins using cloud mining is identical to the usual mining of electronic coins, except that they use not their power, but third-party leased ones. The amount of mined cryptocurrency depends on the rent charged.There are free services that offer their equipment for mining.

How to start mining

In order to start mining the first coins, first of all, it is necessary to determine the method of extraction. The size of the initial investment will depend on the chosen method. A common step-by-step algorithm for how to mine Bitcoins looks like this:

1. Purchase the necessary equipment.
2. Install the selected program for mining bitcoins on the computer.
3. Select a pool site.
4. Register wallet for withdrawal of reward.
5. Launch the software.

What are pools?

To increase the chances of getting btc coins, specialized web services (pools) provide miners with their services, which consist in applying maximum parallelization of calculations. This method of extraction provides for the pool participants to search for their solutions without linking them with the decisions of others. The miners provide their computational power to the pool, and the pool for finding the unit acts as a solo miner. When choosing a pool you need to know the rules for the distribution of remuneration and the power of the pool.

Cryptocurrency mining programs

Begin mining Bitcoins should install software. Mining programs are divided into two types: for processors and for video cards. It is necessary to choose the software based on the parameters of the existing equipment. The most popular among the users of the program are presented below:

• name: Bitminter;
• feature: an application that is simultaneously a pool, runs on video cards, has ASIC support, is compatible with all operating systems;
• pros: suitable for both beginners and experienced miners, easy installation;
• cons: no
• earning opportunities: the value of coins mined in 24 hours is equivalent to $ 0.5.

Console client, which is convenient to use for both beginners and professional miners:

• name: BFGMiner;
• feature: console client supporting video cards and FPGA devices, scrypt support, RPC;
• pros: easy setup of pools, the ability to control the cooling elements of the computer;
• cons: high hardware requirements;
• earning opportunities: an experienced miner gets 18 thousand satoshi per day.

For users who have knowledge of the operating system MS Dos, possessing equipment with a powerful processor and video card, the DiabloMiner program will suit:

• name: DiabloMiner;
• feature: support for operating systems such as Windows, Linux, Mac, provides for the installation of video cards of different series;
• pluses: easy setup of pool parameters;
• cons: not suitable for beginner miners;
• earning opportunities: on a powerful computer, you can receive a reward of 20 thousand Satoshi per day.

The console client, easily adaptable to user requirements, is the Ufasoft Miner program:

• name: Ufasoft Miner;
• feature: it is possible to change the pool address, suitable for mining such cryptocurrencies as bitcoin, ether, lightcoin;
• pluses: several modes of operation, depending on the level of the user;
• cons: it takes a lot of RAM;
• earning opportunities: experienced getters get remuneration from 18 thousand Satoshi.

CGminer is more suitable for users with extensive experience in the MS Dos system:

• name: CGminer;
• feature: assumes installation on powerful processors, when overclocking a video card increases the MN / s to the maximum;
• pros: there is the possibility of reprogramming, easy to configure;
• cons: not suitable for beginners;
• income opportunities: from 18 thousand Satoshi per day.

50 Miner - graphical shell for several of the most popular miners, such as Cgminer, Phoenix, Diablo, Poclbm:

• name: 50 Miner;
• feature: it is possible to use without installation, while all settings are saved in the configuration file;
• pluses: simplicity of authorization, compactness;
• cons: instability, requires a lot of RAM;
• earning opportunities: with minimal initial conditions, you can earn 15,000 Satoshi per day.

Is bitcoin mining at home beneficial?

In order to understand whether it is profitable to engage in bitcoin mining at home, one should calculate the amount of necessary investments and predict how quickly they pay for themselves. Given that since the advent of the process, which is today called mining, the situation on the cryptocurrency market has changed significantly, it is worth knowing the main factors affecting the economic viability of mining now:

1. The complexity of production contributes to the constant growth of equipment capacity, which affects its cost. At home, it is difficult to provide a competitive level of mining speed.
2. The growth of btc against official currencies attracts new members to the network. If the bitcoin rate falls, the profit from their sale may not cover the investment.

How much can you earn on mining

Bitcoin mining aims to make a profit, so before you start mining cryptocurrency and wait for the computer to earn itself, without your participation, you should know what level of earnings you can count on. There is no unequivocal answer to this question, because the amount of income depends on many factors, such as:

• bitcoin rate fluctuations;
• the relevance of the chosen method of extraction;
• equipment purchase costs;
• the number of miners in the network;
• cost of electricity.

You can calculate the approximate profit from mining with the help of specialized calculators (for example, on the Russian information site btcsec), which take into account the totality of parameters entered by the user. However, even in this case, it is necessary to take into account that when changing the course of Bitcoin on the cryptocurrency exchange, the calculation results will be irrelevant.

Bitcoin mining costs

In order for the mining of bitcoins to be profitable, the income from it must cover all the costs associated with mining. The economic component of costs includes costs for:

• purchase of special equipment;
• payment of bills for consumed electricity;
• repair and adjustment of capacities;
• payment of rental capacity.

Special equipment

A future Bitcoin miner must take into account that in order to make a profit, you must have competitive equipment. Given the technological race caused by high demand, the cost of specialized equipment has increased significantly. In addition to the basic elements (video card, chip, module), you will need software to monitor the temperature of the equipment and the cooling system.

Electricity costs

Mining Bitcoin involves the operation of equipment for a long time, which leads to a large power consumption. The higher the power of the processor and video card, the more impressive will be electricity bills. In addition, the need to use cooling elements also leads to an increase in power consumption.

Worn capacity of home PC

If you plan to extract bitcoin on home computers, you should consider the fact that the load on the main elements of the machine will increase. Constant overheating of the processor and video card leads to a deterioration in their performance, and faster failure. Miner will often have to repair his computer and buy new parts, which will lead to additional costs, and downtime will negatively affect the profit.

Pros and cons of mining

Before you extract bitcoins, you should be familiar with the positive and negative points that will be faced in the mining process. The advantages of mining Bitcoins include:

• Stable passive income. Bitcoins are mined without your participation. By installing a special program you can go about your business.
• For mining btc is not necessarily an investment. If you don’t want to risk investing your money, there are free ways to mine, but in this case you can’t count on large profits.
• The extracted bitcoins can be easily withdrawn from the system (sell, exchange, pay for purchases).

Miners, who are engaged in the extraction of virtual coins, note the following disadvantages of bitcoin mining:

• Equipment outage. Use for home computer mining leads to rapid heating of the video card.
• Large power consumption. Increasing the level of complexity of production requires an increase in the rate of production, which became possible with the advent of new technologies. Powerful devices are energy-consuming, so Bitcoin miners have to pay large bills for consumed electricity.
• High risk. Investing time and money in mining bitcoins is a high-risk investment, due to the fact that the price of cryptocurrency is unstable, and at any time the exchange rate of bitcoins can fall.

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