The best program for mining. Bitcoin mining: everything you need to know for beginners

After acquaintance with digital currency, many users have a question, which electronic money is most profitable to mine, and where and in what way. This material is considered the most profitable option to date.

Let's start with the fact that every couple of months, the profitability of mining decreases due to the fact that more and more people learn about it. The bitcoin rate has recently made its contribution to the bit more than twice. For comparison, in winter, the most profitable in terms of mining a video card could be recouped in two months, and now this process takes 6 months or more.

Does this mean that the train left completely? We will not speculate on this topic, but in 2009 the mining of bitcoins was also absolutely unprofitable, and in just a couple of years, people who spent several weeks earning coins earned quite a lot of money at the jumped cost. It is not excluded that the prices for Bitcoin and other cryptocurrencies are waiting for a few more jumps in the future, and a small number of coins by current standards can pay off a lot. But again, no one can give any guarantee that it will bring its dividends.

Everything written below will be devoted to the most effective way to get Coins and answers to the questions: what to mine, where to mine, how to mine, and to some extent what to mine. At the moment, there is no more advantageous way of mining within the error of several percent.

So let's start with question number one.

What is mine?

To answer this question is very difficult. And however banal it may sound, mine is best of all, probably, Bitcoin - first of all from the point of view of reliability. On the other hand, other things being equal, the rate of increase in its price is likely to be lower than that of one or more altcoins, which currently cost literally a penny. From alternative CVs at the moment it is worth looking at Litecoin, Dogecoin and, possibly, Blackcoin. This is a subjective point of view, but these three digital currencies are currently the best indicators of prospects.

Alone with the list of cryptocurrencies can be found in these lists: coinmarketcap.com, www.cryptmarketcap.com.

What is mine?

Since this material is intended primarily for ordinary owners of home computers, mining will be considered solely in terms of the use of video cards. ASIC-boards for sha256 (Bitcoin) we bypass the party immediately due to their high cost. ASIC-boards for scrypt with decent performance have not yet appeared on sale, and the average user is unlikely to want to immediately invest in them an amount in the region of $ 1000 (for average ones in terms of price / performance of the board). Nevertheless, the link to the sites of the manufacturers of the most promising ASIC boards for scrypt will be left just in case: zeusminer.com, www.kncminer.com/categories/litecoin-mining-hardware.

These boards are much more profitable in terms of performance per kilowatt and require, on average, 20 times less electricity than a video card of comparable performance.

But back to the video cards. The most profitable video card in terms of khash / $ or khash / watt can be selected in this table.

At the moment, oddly enough, not the newest models, but veterans in the face of the Radeon 7870, 5970, 5870, R9 270X are leading in the category of performance / cost. However, it is worth noting that the absolute performance of these video cards is relatively low, and if you plan to install more than one board in your computer, the additional costs for power supplies, PCI-E risers, and possibly a new motherboard with several PCI-e slots, can be significant and in this case it is better to take something more productive at once - for example, R9 280x.

The PCI-E riser is a 20-30 cm long cable that allows you to remove a video card, which improves its cooling, and plug a PCI-E 16x video card into a PCI-E 1x slot. Performance does not fall, since mining does not require intensive data exchange on the bus. Attention, connect the PCI-E 1x adapters only to the corresponding connector and do not use it with a 16x slot, as the motherboard will try to provide additional power for a full-fledged slot for a limited number of contacts and, most likely, will burn both the slot itself and the riser.

Where is mine?

To begin with, mine bitcoins using graphics cards is not profitable. The easiest way to explain this is by example. If you extract the most profitable altcoins at the moment and then exchange them for bitcoins, then on average 50 times more bitcoins will be released than when mining directly.

What altcoins for this should be mined? Fortunately, knowing the answer to this question is optional. There are so-called Profitable Pool, which automatically track the rate of altcoins and extract the most profitable at the moment, often switching between them literally every few minutes.

Recently, the number of such pools is constantly growing, but only a few of them show good profitability figures, which can be found on the PoolPicker website.

As you can see, almost every day the situation changes, and it is possible that the most profitable pool today will be the least profitable tomorrow. However, a simple answer exists. The most recent NiceHash pool, on average, shows the best performance in a few days. This is explained very simply. NiceHash is not just a pool, in the usual sense of the word, but a site where you can rent the power of your computer, so the profit here is a little higher.

Under no circumstances is renting the use of your computer at any time needed by the tenant. You start the mining yourself at your convenience and can turn it off at any time, so there is no talk about doing any incomprehensible calculations on your computer. In fact, as in traditional pools, you get coins for the server, which is an intermediary for transferring them to the tenant.

The advantages of NiceHash include payments that occur 4 times a day, while other pools do this, as a rule, once a day, and then only if there is a certain amount on the balance sheet.

If, out of interest, you want to find out for yourself and calculate the profitability of coins, then this can be done using the following websites: www.coinchoose.com/litecoin.php, www.coinwarz.com/miningprofitability/litecoin

How to mine?

Consider mining on the example of NiceHash. Setting up another pool is fundamentally no different.

First you need the Sgminer program, because Cgminers NiceHash does not work and gives a Rejected error. On the official Sgminer website, only the source code of the client is available, which can be compiled independently if you have the required knowledge, and the finished version of Sgminer for Windows can be downloaded on sgminerwindows.

Work also requires a wallet for Bitcoin, for example, MultiBit.

Registration for the NiceHash pool is not required, since the address of a Bitcoin wallet, which can be viewed in MultiBit, is entered as the user name.

To start mining, you need to create a bat file with any name near the sgminer.exe executable file, for example NiceHash.bat. The contents of the bat-file should be approximately the following (one line):

Sgminer -o stratum + tcp: //stratum.nicehash.com: 3333 -u 1FL7DA4QUTjuiMNeix2P3TDHvefnyw3Ek2 -p x —temp-target 80 —auto-fan

-o stratum + tcp: //stratum.nicehash.com: 3333 -pool address

-u 1FL7DA4QUTjuiMNeix2P3TDHvefnyw3Ek2  - username, and in this case, the address of a bitcoin wallet

-p x  - password, in which quality you can use anything

—Temp-target 80 —auto-fan -sgminer will take over the management of the cooler and keep the video card at a temperature no higher than 80 degrees

To improve performance, you can add activation of experimental kernelzuikkis to a string. This can speed up the graphics card by an additional 2.5%.

-k zuikkis

This core does not work well with all video cards, so before using it, compare the number of khashes with it and without it.

Also in the bat-file should be the performance settings that are unique to each specific video card. You can see them. It is even better to read the material to understand this question in a little more detail.

It is advisable, though not necessary, to add a spare pool to the line. If NiceHash runs out of orders, the miner will be inactive, so it is recommended to set up any other Profitable Pool as a backup.

After saving and running the bat file, the Sgminer window should look something like this:

Results

Buying altcoins instead of mining them involves a mechanism known as buying pressure. The presence of demand leads to the fact that the offers with the lowest price are quickly bought up on the exchanges, and the price starts to creep up. This leads to a slow growth in the short term and an increase in prices by several orders of magnitude in the long term.

If some points in the text have raised additional questions, read the materials and.

Acting as the only option for users to get it.

The principle of the functioning of the system is reduced to solving the problems of mathematics, after which this currency is created. All operations are transferred to the list of transactions and transferred to persons engaged in mining. The job of the latter is to select combinations that match the secret key and each transaction.

It is the key that provides the final reward, which is 25 bitcoins (BTC). After guessing the hash, the block of operations is closed, and the actors proceed to the next cycle.

Who is engaged in mining?

Who needs the extraction of this currency? It turns out that there are several categories of persons that will be listed in chronological order as they appear on the market.

1. Those who have access to electricity and hardware Hardware. Usually these are schoolchildren and students.
2. Inveterate players with a powerful "iron", mining cryptocurrency from their computers.
3. Geeks using multiple PCs for this activity. To stop such mining can only exhausted electricity resource.
4. Hackers working with borrowed (stolen) mining tools.
5. Communities, the purpose of which is the acquisition of computing equipment and the extraction of currency with the subsequent profit sharing.
6. Organizations that have sufficient funding and conduct their activities with cryptocurrency.

What is the essence of mining?

It has already been said that the principle is reduced to solving a crypto problem with the help of a brute force (Russian - the brute force method).

Extraction is carried out not by one unit of currency, but by packs.

The starting cash pool is 50 BTC. Every 210 thousand of processed elements is halved: that is, if 250 blocks were mined, then one contains not 50, but 25 BTC.

Due to the regular size reduction, the number of currency units does not exceed 21 million.

According to the latest statistics, about 55% of currency units have already been mined, and this figure will take the value of 99% in 2032.

Bitcoin Fever

After every 2016 received blocks, a change in the complexity of their extraction is carried out, based on the speed of receipt. With the increase in the number of computers simultaneously engaged in mining, the daily reward has a constant value.

Consequently, each computing device has a decreasing portion of the total.

Therefore, mining is advisable until the price of mined blocks is greater than the sum of equipment and electricity costs.

Ways to make money on the extraction of currency

There are two main methods to make money using mining Bitcoins.

You can act alone or through association with other people in the pool. You can find relevant communities on the Internet.

Plus teamwork is more effective.

There are plenty of programs for mining - there are domestic ones, there are “imported ones”. Russian services are more understandable to use, but foreign ones give users more options.

Mining: a step by step guide to earnings

• We create a wallet with BTC currency, register in the system (use only Gmail).
• To take into account the necessary settings, you must go to the "My Computers" tab. It downloads the archive with the program. Its choice depends on which video card is used on the PC. There will be no problems with determining its type, for this you need to select “Start” - “Device Manager” - “Video adapters” on the computer. It is important to remember the minimum requirements: 4 GB of memory and 2 GB of video card.
• Further, on any of the disks, a folder is created, inside which there is another one. The unzipped downloaded program with drag-and-drop of the contents into WINRAR is put into the last storage location.
• After that, the downloaded document must be transferred to the third folder created and run the installed program by clicking on the file. If there were no errors when saving the tools, in a few minutes the general statistics can be tracked in the LC.
• If it is impossible to install or download a program, it is worth contacting the support service, managers usually tell everything in detail and give recommendations.

The initial withdrawal amount is 5 kopecks, you can withdraw funds using various electronic payment systems. The most commonly used are Webmoney, Yandex money, Kiwi wallets, internal accounts, VC votes and so on. The system assumes the possibility of working within the framework of the five-level referral program (10% -2% -1.5% -1% -0.5%).

If you decide to do bitcoin mining for investing and making a profit, you will most likely encounter one major problem: most sites on this topic are created for advanced users. If you are not a professional programmer, you do not have experience with Ubuntu and Linux, and there is only a little experience using a Mac or PC, this text will help you start with the basics.

Mining (Bitcoin) is a very competitive activity. Every day users with the latest equipment for mining is becoming more and more, and mine Bitcoins is becoming increasingly difficult. Therefore, before you begin this, you need to be well prepared. It is necessary to make calculations and understand whether you can make a profit from this occupation.

For this purpose it is best to use a calculator for mining bitcoins. Just enter the Bitcoin miner data you are going to buy into it, and see how soon you will be able to beat the costs and get a plus. Keep in mind that the initial investment is likely to be at least $ 2000.

Having finished with the calculations, it's time to start buying a computer miner. To get started, look at the various reviews of bitcoin mining equipment to see which miner is best for you. Today the most advanced and new is the miner Antminer S9.

In the past, it was possible to practice bitcoin mining on a regular computer or using a video card (this was called GPU mining). However, today this type of activity has become so competitive that you will need ASIC miners, special computers designed exclusively for mining Bitcoins.

2. Get a bitcoin wallet

First you need to choose. Since bitcoins are cryptocurrency, you will need to save your money somewhere. Having started, make sure that you have a wallet. It is a long sequence of letters and numbers. Different purses have different ways to get public (open) bitcoin addresses, but, as a rule, all this is very simple. Please note that you will need a public Bitcoin address, and not a private key, which is a password to your wallet.

If you have got yourself an autonomous wallet (i.e., downloaded the program to your computer and do not use the online service), you need to do one more very important thing. Copy the file wallet.dat to the USB flash drive, print it and store it all in a safe place. The fact is that if your computer breaks down and you don’t have a copy of the wallet.dat file, you will lose all your bitcoins. They will not get to another user, but simply disappear forever, as if you had burned the banknotes.

3. Choose a pool for mining

Now that you have a wallet, you probably can't wait to start mining, but if you really want to earn some bitcoins, you better join a pool. Mining pool is a group of bitcoin miners who pool their computing resources to get more bitcoins. The meaning of collective work is that the reward is given out - as a rule, the created block costs 12.5 bitcoins - and the lone user has to be very lucky to get this money.

In the pool you will need to perform small and less difficult algorithms, and thanks to collective efforts you will have more chances to complete a large algorithm and earn bitcoins, which will be distributed among the pool members in proportion to their contribution to the common cause. As a result, you will be able to earn more bitcoins, and your investments will soon begin to make a profit.

When choosing a pool for mining, ask yourself the following questions:

The answers to most of these questions are contained in excellent text on the BitcoinTalk site. In addition, a detailed comparison of pools for mining is available in Bitcoin wikipedia. For example, consider Slush Pool s Pool. After registration, you will receive a username and password, which you will need to enter later to work in this pool.

Follow the link to the site, click on "Sign up here" at the top of the screen and follow the step by step instructions. After you create your account, you will need to add a "employee" (Worker). Actually, for each miner you need to register a separate ID so that the pool can track your contribution to the common cause.

4. Install mining software on your computer

Now that you’re done with the preparations, you’re almost ready to start mining Bitcoins. It remains only to install a client program on the computer in order to manage your equipment for mining. Different computers require different software. Many pools have their own software, for example, Bitminer, but some do not have it. List of programs for mining bitcoins can be found. If you are working on a Mac, you can use the MacMiner program. The most popular PC programs are BFGMiner and 50Miner.

5. Start mining bitcoins

Now you are ready to start mining. Turn on your miner. Make sure that it is connected to your computer (usually via USB), and open the mining program. First enter your pool, enter your username and password. All, the process of mining Bitcoins went. You start to generate balls that reflect your participation in the creation of the next block. Depending on the pool chosen, your participation will be rewarded with one or another number of bitcoins. It is only important to make sure that you entered the address of your wallet correctly during registration.

Wouldn't it be easier to buy these bitcoins?

In conclusion, this article will focus on one important point. It often turns out that it is more profitable than investing in their mining, and it turns out to be easier to acquire power in the cloud mining service, for example, Hashflare, than to assemble your device. Explore all the options before you start mining, buying or investing in bitcoins.

Prepared by Lisa Dobkina

I came across an interesting mining of not very well-known cryptocurrencies. This mining is interesting because it allows you to mine with the power of a home computer. Of course, it is desirable that the computer was at least gaming, with a good video card, but you can mine on the processor. The program almost does not load the system, i.e. You can run it as a background.

In order to start you need to follow the link to the MinerGate website and download a special application there.

IMPORTANT: The program works only on 64-bit systems. Do not try to install it on 32-bit computers.

A small digression: In principle, I paid attention to this mining only because of the Monero coin, which I wrote about recently, but as it turned out later - this program can mine other interesting currencies. Depending on the power of the computer. And since I have several of them and all of different capacities - then why not bring additional profit?

If you are working from a Windows platform, then after clicking on the Download Miner & Start Mining button, the windows version will start downloading immediately. There are also versions for Linux (if you have a powerful computer and you only work on the Internet, then Ubuntu 15.10 will be more suitable for you to more effectively mine Ether) and Mac OS:

As far as I remember from previous experience - console miners are more nimble, but here you need to have some knowledge. I'll spend some time on this a little later, but for now let's get by with the standard Windows version, since this platform is the most popular:

There is a version for admins. If you are an enikee, who adminit a park of computers, then you can use this program as a background. Also consider it in more detail along with the console version:

While the program is downloading - you need to register in the system. Click Sign up in the upper right corner of the site:

Specify your email address, password twice and click Sign up & start mining:

We agree with the terms of the license agreement. Click the "Accept" button:

Choose a place where the program is installed. I left it by default. Click the Next button:

Click the "Install" button:

That's all. Click the "Finish" button:

Run the miner. Enter the email and password specified when registering on the site and click the Login In & Start Mining button

Miner is running. By default, the mining of the Monero coin will start immediately:

But if you want, you can choose any other one or add a pool with a new coin (I will tell about this in another article using the example of one of the new coins)

Since I only have a processor involved in the game, I can only regulate this parameter:

You can choose the number of cores involved in mining. The program itself takes only 3/4 of all power. Therefore, you can safely work at the computer and no longer feel uncomfortable.

On the website in the private office you can see the statistics of mining:

There is a 30% referral program.

Today, almost everyone has heard about mining. But today, more and more you can hear the opinion that to mine the home cryptocurrency is not profitable. Is it so? Let's figure it out together. In the article you will learn that today you can and should mine on your home computer.

Yes, indeed, every year the yield of cryptocurrency is getting lower and lower. This is due to the fact that from year to year, more and more people begin to engage in mining. The more people earn electronic money, the lower the income per person. The situation is somewhat saved by

that the demand for cryptocurrency is growing. Recently, Bitcoin broke the historical maximum, its rate exceeded one thousand dollars. So today the purchase of a bitcoin mining card will pay off in a few months. But this is a risky business, since the course of this cryptocurrency is unstable.

So what to do? What are the prospects for home mining? What is mine? The secret is simple, choose the cryptocurrency, the rate of which is growing. In this case, it is advisable to earn Bitcoin. His course has recently shown steady growth. At the same time, undervalued cryptocurrencies, such as Dogecoin or Blackcoin, can be mined. The risk, of course, is higher here, but the risk of enrichment is also higher.

What is mine?

At home, the main tool for mining remains a video card. Unfortunately, mining by earning on the Internet without investments will not work. You have to spend money, really once. We'll have to buy a suitable video card and some more equipment.

Best for mining at home ASIC boards for sha256 and scrypt. But they are expensive, the average price is about one thousand dollars.

For home mining, you should choose a productive video card, which at the same time is inexpensive and consumes few resources. In this case, the video card from the Radeon family will work best. First of all, these are models 7870, 5870, R 9 270 X. The performance of these boards is relatively low. So it is better to put them in a computer for several pieces, which will entail costs associated with upgrading the computer. So the best "home" video card for mining today is considered to be RX 480 8GB (optimal for ETH)

When installing a video card, we recommend making additional upgrades that optimize the computer for mining. It is better to install video cards not in the middle of the case, but outside the computer; for this purpose, a special cable is used - a PCI-E riser. If you install multiple video cards, you will have to purchase a special slot. It is desirable that the connection is made by a specialist. In case of wrong connection, you can burn both the slot and the riser.

Where is mine?

Mine bitcoins  from a personal computer at home is now unprofitable. It is better to join the pool, it will affect the results of work. It takes a lot of time to track cryptocurrency rates, search for that cryptocurrency, which is now “gaining momentum”. The pool chooses the best e-money for mining, you do not have to carry out this work yourself. In some cases, switching between cryptocurrencies occurs after a few minutes.

Not necessarily all the time to work with one pool. On the Internet you can find their characteristics, indicators. Choose the most profitable of them. True, there may be restrictions, some pools put up before the miners the requirements for the availability of high-quality equipment for mining.

Alternatively, you can join the pool, whose members are renting the power of computers. In such pools, the participants mine mine Coin, and the organizer of the pool is the intermediaries who transfer them to rent.

For mining cryptocurrency  you should install a special Sgminer program or another similar one. Download it here https://github.com/sgminer-dev/sgminer. The next step is to create a wallet for mining bitcoins. Choose a pool, join it and start computing. Every few days, earnings will be transferred to your bitcoin wallet.

If everything goes well, you pick up good equipment, enter a profitable pool, then it will take you from 100 to 150 days to get one Bitcoin, I remind you, the price of Bitcoin has recently exceeded one thousand US dollars. Thus, for the year the income will be 2-3 thousand US dollars. About 20% of this amount will go to cover expenses. The money received can be exchanged on the stock exchanges for hryvnias or rubles and transferred to a bank account.

Capacity rental

If you do not have the money to buy expensive mining equipment, this no reason to refuse to make moneybut. At the initial stage of career power can be rented. It happens like this. A person who has money invests them in a cryptocurrency farm. Such farms, as a rule, have their own, cheap source of electricity, modern equipment. Part of the capacity he rents.

Farms are engaged in mining cryptocurrency around the clock. You rent equipment, and all income goes to your wallet. You do not need to do anything, it will be enough to pay the rent, everything else happens without your direct participation. This method of earning is good for beginners who do not have enough money to buy expensive equipment, do not have the necessary knowledge.

We recommend that part of the earned cryptocurrency be used as a means of investment. Investment in cryptocurrency is a very profitable business, profitability is higher here than in a bank. For a constant, stable, but small income, Bitcoin is perfect. Some of the money can be invested in new cryptocurrencies that have recently appeared, they are able to make a rapid rise, as it used to be in its time bitcoin.