Home » All about nutrition » How to mine bitcoins. Convenient cryptocurrency mining on a video card and processor Cryptocurrency mining on a personal computer

How to mine bitcoins. Convenient cryptocurrency mining on a video card and processor Cryptocurrency mining on a personal computer

Content

The only way to issue the cryptocurrency bitcoin (btc) is bitcoin mining, which is the creation of new blocks by performing a certain mathematical task using a specialized program installed on a computer. There are several ways to obtain popular 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. The essence of mining is to perform mathematical calculations in order to find a certain value. The purpose of such operations is to obtain a hash - a bit string of a fixed length. After the code is decrypted, the next block of bitcoins appears, including a cryptographic signature. This signature is formed based on the hashes of previous blocks.

The sequence of bitcoin blocks appearing one after another forms a block chain. The selection of numbers that form the basis of the hash is carried out automatically. Bitcoin mining involves a reward in the form of btc coins, which go to the first miner to guess the hash. The amount of virtual rewards is halved every four years. At the time the system launched in 2009, miners could count on 50 btc for a decrypted hash; now the reward is already 12.5 bitcoins.

Basic principles

The Bitcoin mining process must follow certain principles to maintain the validity of the cryptocurrency and the security of the network. The main principles of production are:

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

Difficulty of mining cryptocurrency

Due to the constant increase in the number of electronic coin miners and the steady increase in computing power, a mechanism is needed to compensate for this growth. As such a mechanism, a difficulty parameter was provided, on which the amount of cryptocurrency mined 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

Earning bitcoins can be done in several ways, which involve using specialized devices or paying for the rental of someone else’s capacity. There are also shareware types of mining. The methods differ from each other in the size of the required investments and the expected income from production. The most popular types of Bitcoin mining are:

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

Bitcoin mining on your home computer

Mining cryptocurrencies using a video card

The time when it was profitable to mine bitcoins using a regular video card has already passed, since the mining process has become significantly more complicated and more power is required to carry out calculations. With increasing interest in Bitcoin due to its increasing 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 operation is to continuously perform calculations. Hash generation occurs using:

Large quantity video cards are the most energy-consuming type of farm.
FPGA modules - economical in terms of power consumption.
ASIC processors - the ASIC device (specialized processors) is the most expensive, but at the same time its operating 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 do not use their own capacities, but third-party ones, rented. The amount of cryptocurrency mined depends on the fee charged rent. There are also free services that offer their mining equipment.

How to start mining

In order to start mining your first coins, you first need to decide on the mining method. The size of the initial investment will depend on the method chosen. The general step-by-step algorithm for mining bitcoins looks like this:

Buy necessary equipment.
Install the selected program for mining bitcoins on your computer.
Select a pool site.
Register your wallet to withdraw rewards.
Launch software.

What are pools

To increase the chances of receiving btc coins, specialized web services (pools) provide miners with their services, which consist of using maximum parallelization of calculations. This mining method involves pool participants searching for their own solution options without linking them with the decisions of others. Miners provide their computing power to the pool, and the pool acts as a solo miner to find a block. When choosing a pool, you need to know the rules for distributing rewards and the power of the pool.

Cryptocurrency mining programs

You should start mining bitcoins by installing the software. Mining programs are divided into two types: for processors and for video cards. It is necessary to select software based on the parameters of the available equipment. The most popular programs among users are presented below:

name: Bitminter;
characteristics: the application, which is also a pool, runs on video cards, has ASIC support, is compatible with all operating systems;
pros: suitable for both beginners and experienced miners, easy to install;
cons: no
earning opportunities: the cost of coins mined in 24 hours is equivalent to $0.5.

Console client that is easy to use for both beginners and professional miners:

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

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

name: DiabloMiner;
characteristics: support for operating systems such as Windows, Linux, Mac, installation of video cards of different series is provided;
pros: easy to configure pool parameters;
cons: not suitable for novice miners;
earning opportunities: on a powerful computer you can get a reward of 20 thousand satoshi per day.

A console client that easily adapts to user requirements is the Ufasoft Miner program:

name: Ufasoft Miner;
characteristics: it is possible to change the pool address, suitable for mining cryptocurrencies such as bitcoin, ether, litecoin;
pros: several operating modes depending on the user level;
cons: requires a lot RAM;
earning opportunities: experienced miners receive remuneration from 18 thousand satoshi.

The CGminer program is more suitable for users who have extensive experience working in the MS Dos system:

name: CGminer;
characteristics: assumes installation on powerful processors; when overclocking the video card, it increases MH/s to the maximum;
pros: reprogramming is possible, easy to set up;
cons: not suitable for beginners;
earning opportunities: from 18 thousand satoshi per day.

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

name: 50 Miner;
characteristic: it is possible to use without installation, while all settings are saved in the configuration file;
advantages: ease of authorization, compactness;
cons: unstable operation, requires a lot of RAM;
earning opportunities: with minimal initial conditions you can earn 15 thousand satoshi per day.

Is bitcoin mining profitable at home?

To understand whether it is profitable to mine Bitcoins at home, you should calculate the size of the required investment and predict how quickly it will pay off. Considering that since the advent of the process, which today is called mining, the situation in the cryptocurrency market has changed significantly, it is worth knowing the main factors influencing the economic feasibility of mining now:

The complexity of production contributes to the constant growth of equipment capacity, which affects its cost. At home, it is difficult to achieve a competitive level of mining speed.
The growth of the btc rate in relation to official currencies attracts new participants to the network. If the price of bitcoins falls, the profit from their sale may not cover the investment.

How much can you earn from mining?

Bitcoin mining has the goal of making a profit, so before you start mining cryptocurrency and wait for the computer to earn money on its own, without your participation, you should find out what level of earnings you can expect. There is no clear answer to this question, because the amount of income depends on many factors, such as:

Bitcoin exchange rate fluctuations;
relevance of the chosen production method;
costs for purchasing equipment;
number of miners in the network;
cost of electricity.

You can calculate the approximate profit from mining using specialized calculators (for example, on the Russian information site btcsec), which take into account a set of parameters entered by the user. However, even in this case, it is worth taking into account that if the Bitcoin exchange rate changes on a cryptocurrency exchange, the calculation results will be irrelevant.

Bitcoin mining costs

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

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

Special equipment

The future Bitcoin miner must take into account that in order to make a profit, it is necessary to 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 for monitoring equipment temperature and a cooling system.

Electricity costs

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

Depletion of home PC capacity

If you plan to mine bitcoin on home computers, you should take into account 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. The miner will have to frequently repair his computer and buy new parts, which will lead to additional costs, and downtime will negatively affect the profit received.

Pros and cons of mining

Before you mine bitcoins, you should familiarize yourself with the positive and negative aspects that you will encounter during the mining process. The advantages of Bitcoin mining include:

Stable passive income. Bitcoins are mined without your participation. By installing a special program, you can go about your business.
To mine btc, it is not necessary to invest funds. If you don’t want to risk investing your money, there are free ways production, but one cannot count on big profits in this case.
Mined bitcoins can be easily withdrawn from the system (sold, exchanged, paid for purchases).

Miners who mine virtual coins note the following disadvantages of bitcoin mining:

Equipment failure. Using a home computer for mining leads to rapid heating of the video card.
High consumption electricity. Increasing the level of mining complexity requires increasing the mining speed, which became possible with the advent of new technologies. Powerful devices are energy-consuming, so Bitcoin miners have to pay large bills for the electricity they consume.
High risk. Investing money and time in Bitcoin mining is a high-risk investment, due to the fact that the price of the cryptocurrency is unstable, and the Bitcoin exchange rate may fall at any time.

Discuss

How to mine bitcoins - the essence of the process and where to start, types and profitability of earnings

There are many different types of cryptocurrencies, as well as different mining methods that make them unique. In most cases, cryptocurrency mining networks are created with a certain number of tokens in circulation to get started, with the bulk kept in reserve to be later received as a reward for mining. The first and most famous cryptocurrency is .

There are a total of 21 million Bitcoin tokens. Of these, about 17 million have already been found. To preserve the value of Bitcoin and prevent the mining community from becoming oversaturated and finding all the undiscovered tokens at once, mining difficulty, or the time it takes to find a new block, has slowly risen in tandem with the growth of the network. The difficulty of Bitcoin mining is constantly increasing as the global hashrate continues to rise.

How to mine cryptocurrency on your home computer?

There are two main types of cryptocurrency mining that you can do on your home computer, a processor (CPU) or a graphics card (GPU). CPU mining uses the computer's central processing unit to perform blockchain functions, while GPU mining uses the graphics card's graphics processing unit. The difference between the two is speed: a graphics card's GPU can process hashes much faster than a CPU, and it is better suited for repetitive tasks such as proof of work processing.

In the early years of Bitcoin, most mining was done using CPUs. The CPU is the main control unit of a computer and therefore the most functional component in the machine, it was only natural to use it for mining. Miners then came to the conclusion that the GPU was much better suited to perform the repetitive tasks required for cryptocurrency mining. This led to the development of ASICs (Application Specific Mining Chips).

This does not mean that mining cryptocurrency on a home computer is no longer relevant and cannot bring profit. There are several tokens that can be mined efficiently on standard hardware with little additional electricity cost to operate it. The following cryptocurrencies are quite suitable for mining on a home computer: , Dogecoin, Vertcoin, Bytecoin, Namecoin, Peercoin, Feathercoin. An ordinary computer is quite sufficient for this.

Mining cryptocurrency on your home computer. Is this possible today?

The above altcoins have algorithms (Scrypt, X11) that differ from Bitcoin. They can be mined efficiently using the CPU, and offer no or only a relatively small advantage to GPUs or ASICs.

On the other hand, if you already have a gaming computer or just a fairly high-performance computer with a good modern video card, then you may well take up GPU mining, as it will bring you much more than other options. There are many altcoins that are good for GPU mining nowadays.

So, now you know that mining cryptocurrency on your home computer is real and can bring you extra income. All you have to do is find a suitable altcoin.

The next step is to install the appropriate software. Before doing this, you need to make sure that it is compatible with your PC or pool if you decide to join one. Naturally, before starting you will need to understand all the functions and settings of the program. Be sure to read the instructions before starting. Let's briefly look at the most famous mining programs.

The best programs for mining.

1. CGMiner.

CGMiner is by far the best mining software available. Easy to set up and works with almost any cryptocurrency you can mine. CGMiner can be used with any operating system. Primarily designed for use with hardware mining rigs, it can also run on any GPU or ASIC connected to your home computer. Upon installation, the system will ask for information about your mining pool and wallets, and will then detect any devices or ASICs you have connected to the system.

The downside to using it with Windows is that Windows Defender tries to block CGMiner from loading.

2. Bitminter.

Bitminter is a great Bitcoin mining app that can be used across multiple platforms and devices. It has an incredibly easy to use interface that does not require any special knowledge to use. The gauge on the left shows the hash rate in MH/s, and the button in the middle starts the mining process with one click. Bitminter will work with any GPU or ASIC.

3. BFGMiner.

BFGMiner is a mining software designed specifically for ASIC devices. You can use it with a processor or video card, but it is unlikely that you will be able to make good money on them. Since BFGMiner is highly specialized in one type of mining, it provides a wide range of options for experienced users. Along with an easy-to-use interface and a wide range of options, BFGMiner is compatible with Windows and all major versions of Linux.

4. Multiminer.

Multiminer is a complementary product of BFGMiner for those who are not very tech savvy. This stripped-down version has the same simple interface with fewer options. Multiminer is suitable for those who want to simply set up their rig and let it run without problems. It can connect multiple devices and connect to multiple mining pools, allowing for complex mining strategies (switching from pool to pool or coin to coin, depending on conditions) to maximize profits.

It is cross-platform but works best with Windows. You will need to download additional software to facilitate installation on Linux or MacOS devices.

5. CPUMiner.

CPUMiner is a very simple program for mining on CPUs. It is very easy to use and is a great place to start learning about mining in general and Bitcoin mining. CPUMiner works with Windows, Linux and Mac and can be used for both Bitcoin and Litecoin mining.

These were the best programs for mining cryptocurrencies.

If you are just starting to get acquainted with the world of cryptocurrencies, you have no experience in mining or do not have time to understand all the intricacies of this process, but have a desire to start mining, pay attention to the following services or programs for automatic mining on your home computer. With their help you can make money on almost any equipment. The main advantage of these services is that you don’t have to delve into all the details and deal with the settings; they start working immediately after registering with the service. I suggest you pay attention to the following services for automatic mining on your home computer. At least they have been working for a long time and are paid consistently.

Mining services on your home computer.

1.

MinerGate is a powerful mining pool for 12 cryptocurrencies. The service has been operating since 2014 and aims to make mining truly accessible to everyone, regardless of investment size, technical experience or experience with cryptocurrencies. 300,000 active miners. $20 million paid to miners in 2017.

Allows you to mine cryptocurrency using a processor and video card. To get started, you need to download and install the program on your computer, configure it, and mining will proceed automatically. You can use combined mining, that is, mine several cryptocurrencies at the same time. The panel displays complete information on all coins, including how many you have mined.

2.

Computta is an application that installs on your computer and runs in the background. No settings are required, work starts automatically. Any computer is suitable for work; naturally, the more powerful the hardware, the faster the mining goes.

You can mine both on a processor and on a video card. You can choose a mining mode: Smart mode allows you to use the resources of your computer only if it is in standby mode. This mode of operation allows the application to use resources without interfering with your work. You can completely disable mining or use resources at 50, 90 or 100%.

The application automatically determines the more profitable cryptocurrency at the moment. The balance is displayed in millibitcoins. 1mBTC = 0.001BTC. Withdrawals are possible from 3 mBTC.

There are additional options to speed up mining. You can use your account for several computers: install the program on several computers with one login and password and receive coins from all devices to one common account. You can also participate in an affiliate program that allows you to earn money from your partners up to level 5. In addition, you will receive additional bonuses when you reach a certain mBTC volume.

3.

Kryptex is an automated mining service that is very similar to Computta's previous service. You should also download the program, install and run it. The Kryptex application will determine your computer power and possible profit from mining. Mining also takes place in the background, you can go about your business on your computer at this time.

The service also allows you to earn money from multiple computers. It differs from Computta in that you can withdraw from only 50 rubles. That's a plus. However, there is no flexible mining setup and such a wide affiliate program as Computta.

These were services that allow you to mine cryptocurrency on your home computer without much difficulty.

If your computer is not so powerful for mining, you can invest some money in mining, but for some reason you do not want to buy and use your equipment, then there is another way to mine cryptocurrency -.

The best cloud mining services.

1.

2.

3.

Visit the company website

Conclusion.

Overall, you have many different options if you are interested in mining cryptocurrency on your home computer. You can choose cloud or hardware mining. There are many short and long term cloud mining contracts available at prices to suit a wide range of budgets. If you choose hardware, there are many different cryptocurrency mining software available, each with their own unique and important features.

The popularity of cryptocurrencies is growing by the hour. The appearance of this virtual money circulation dates back to 2009 and was created by Japanese programmer Satoshi Nakamoto with a group of like-minded people. Among all the options, one of the popular ways to earn money out of thin air is Bitcoin mining. To master this art, you need to understand what it is, how to use it, and whether it is profitable to get involved in the world of cryptocurrencies.

What is Bitcoin mining

Blockchain is a chain of transactions where each subsequent link contains information about all previous ones. These chains are called bitcoins. The process of creating and mining such virtual “connections” was called mining, which requires good computer equipment and special programs.

At the same time, Bitcoin mining is the support of an entire infrastructure designed to ensure the functionality of the entire network. The essence of this process is solving complex mathematical problems using special software installed on users’ PCs. The process of receiving bitcoins is not controlled by the center, but is distributed to everyone. Mining performs a number of important tasks:

support for transactions (deals);
protecting the network from adding invalid information;
safety of bitcoins from various attacks;
support for decentralization.

Important! From a profit point of view, it is no longer profitable to mine Bitcoins at home, since the power of standard computer equipment is not enough.

How to start mining bitcoins

Having understood the main essence and task of miners, you can move on to the process itself, for the implementation of which you will need to choose from:

purchase local storage to accumulate funds on your PC;
open an online wallet in any system.

Truly successful manners choose the first option. It will require the purchase of more powerful equipment or separate server storage, but it has greater productivity and only its owner is responsible for personal funds.

And the first thing a beginner should do, after creating a place to store virtual money, is to visit the official Bitcoin website, from where the official software for storing cryptocurrency is downloaded and installed.

When you first launch the program, the process of downloading Bitcoin blocks starts. This takes some time, but the process cannot be paused. Wait for complete synchronization and proceed further.

Fork selection

Fork is the use of the code base of a software project as a start for another. Each branch can develop and exist independently of the other. The main criterion for choosing a fork is profitability. It’s also worth paying attention to liquidity – the ability to transfer virtual money into all possible “live” ones.

Bitcoin itself is based on SHA-256, and owners of large and expensive farms receive high profits. For example, Scrypt uses a lot of RAM, which makes it difficult to create ASIC processors and makes it possible to use regular PCs for mining.

You can calculate profitability using any online mining calculator. This indicator depends on the video card and the speed of your PC, as well as the exchange rate. If the computer is not equipped with “hardy” components, then average earnings per day will be only 100-200 rubles.

Pool selection

A mining pool is a server that distributes tasks across subscriptions among all connected participants. The contribution of each pool is valued as Share, the higher it is, the greater the chance of receiving an expensive signature. As soon as such a “Ball” hits the target, the pool says the block is ready and distributes a reward.

They select a pool based on the commission - a percentage of the block amount that will be divided between the miners. And also look at the features of withdrawing funds to your wallet. Some pools provide additional options for viewing worker statistics and monitoring them.

Note: Worker is a program that runs from your computer. The number of units of equipment you have, the number of “robots” you can launch. Each of them must be registered on the selected pool.

Miner's choice

Miner (“miner” translated from English) is a program for mining. It solves complex mathematical problems and counts rewards in the form of crediting several units of cryptocurrency to the account.

Typically, the selected pool will indicate which miner is best suited to perform all functions, and detailed instructions by setting it up. Look for the “Get started” section.

Start of mining

Startup instructions are also included in the pool documentation. Typically the process occurs via the command line. For example, when using cgmoner on Linux without a graphical interface, you will need to enter the command:

./cgminer --scrypt -o stratum+tcp://pool_host:port -u Weblogin.Worker -p Worker_passwor

Where Weblogin.Worker is the name of the worker, and its password is Worker_passwor. To mine ether with the Ethminer miner, use the following command:

ethminer.exe -G -S eth-eu.coinmine.pl:4000 -FS eth-us.coinmine.pl:4000 -O VIPepol.1:1

All options are specified in the documents in the pool, including for starting the earning process in the absence of a video card.

Withdrawal to your wallet

From the official fork website, follow the links provided and create your wallet. You need to include an address in it so that you can receive the funds you earn. Then transfer the resulting line to the “Payments” section of your account.

You can send your withdrawal directly to the cryptocurrency exchange. And also do not forget that you will pay commissions for each transaction, so you should not pay out small amounts.

Advice: if you haven’t quite figured out how to set up the miner, there are special programs that go through all the steps step by step for you. But you will have to share with them. So, you give 1-1.5% to the pool, and 30-40% to software developers.

Bitcoin mining software

To mine bitcoins, you need to install a cryptocurrency farm or software on your PC. Among the software, there are several of the most suitable and proven options:

CGminer is a popular GPU / FPGA / ASIC microprocessor. Open source graphics type suitable for Windows, Linux, OS X. The software itself includes overclocking, monitoring, fan control and remote interface capabilities.
BFGminer - Created specifically for FPGAs and ASICs, but does not have a central focus on GPUs. There are functions of dynamic timing, monitoring and remote screen viewing.
BitMinter is the best software when it comes to connecting with users and potential clients. A simple and intuitive interface with easy installation of the program itself.

It’s also worth paying attention to BTCMiner, Poclbm, DiabloMiner.

Bitcoin mining wallets

From the technical side, the wallets themselves (BTC) are not stored anywhere - this is digital code, recorded in a database using Blockchain technology. There are 4 groups of such cryptocurrency storage facilities:

for computers;
application on a smartphone;
web wallets;
in the form of gadgets.

Among the PC options, the most reliable are Bitcoin Knots, Bitcoin Core, GreenAddress, ArcBit. Mobile versions are selected depending on the gadget’s software; there are options for Android, IOS, Windows. If you choose among virtual ones, then pay attention to Blockchain, Xapo, Coinapult.

The best hardware for mining bitcoins

To mine cryptocurrency that is not influenced by financial markets or regulatory centers, it is necessary to assemble the optimal set of computer hardware. It includes a processor, video cards and additional equipment.

Video cards

The video card must have sufficient memory and GPU frequency for the mining process to proceed without any complications. Suitable models include:

Radeon RX 470 and 480;
Geforce GTX 1060, 1070,1080;
AMD latest models.

The average payback of such equipment varies from 200 to 360 days.

Processors

GPUs are the most important hardware when working with a cryptographic system. Only powerful modern computers with sufficient RAM and a good video card are suitable for mining. The best options include:

CyberPowerPC Gamer Ultra 2235 – 8 GB RAM, 1 TB hard drive, AMD RX 480 graphics card;
Acer Aspire T AT3-715A-UR11 – AMD RX 480 video card, Intel Core i7-6700 processor;
CybertronPC RHODIUM – 8 GB RAM, AMD RX 580 video card, good for Ethereum.

You can separately purchase an Intek G4400 class processor, which is suitable for mining, but will be cheaper than a whole computer.

Other equipment

Instead of processors and video cards, you can purchase application-specific integrated circuits (ASICs) or gate arrays (FPGAs), as well as separate USB devices.

Among ASIC miners, ANTMiner S7, S9, Avalon6, CoinTerra TerraMiner IV are considered the best. If you choose from USB miners for bitcoins, you should take a closer look at AntMiner U2, BPMC Red Fury USB, Avalon Nano 3.

Pools

Pools differ in interfaces, information content, power, types of currency, reward distribution system and commissions. There are the “Chinese Four” of the most popular and reliable pools:

F2Pool or " aquarium fish" About 20% of the hashrate is retained in the network. Withdrawal commission is only 4%. This system is the most widespread.
BTC China with 10-12% retention on the network. They take 4th place in the overall pool ranking.
BW pool – 7-9% of capacity, there is a partial translation into Russian. The PPLNS accrual system operates without commission.
AntPool – mining capacity is about 18%, works via PPLNS without commission, there is a PPS option with a retention of 2.5%. Suitable for those who like to play solo.

Choose a pool based on the most favorable conditions and simplicity of interfaces. For beginners, it is better to choose an easier option for mastering the basics of Bitcoin mining.

System requirements

On an average-power home PC, you can only mine little-known and new cryptocurrencies. Bitcoin requires a minimum of 4 GB of RAM and 2 GB of video card memory.

Operating systems

There are no requirements for the operating system; you can select the appropriate version of the mining program for Windows from 7, Lunix (it is most often chosen for cryptocurrencies).

The main thing is to purchase powerful video cards, and even more than one, or install separate USB devices or ASIC miners.

Internet ping

Mining traffic depends on the number of connected devices, their performance and the complexity of solving mathematical problems. With proper equipment configuration and pool selection, 10 kb/s Internet speed with a standard Dial-Up connection is sufficient. It must be wired, without failures or breaks. Therefore, choose your traffic provider carefully.

If it is not possible to ensure a stable connection, you can buy 3G modems with unlimited traffic and use them in a good coverage area.

Cloud mining of bitcoins

Cloud mining uses special servers on which you can work without purchasing your own equipment for mining cryptocurrency. At the same time, a small commission will be charged for using the resource, which is cheaper than buying professional hardware for mining Bitcoins.

Among the most reliable servers are:

Coinmix.biz is a new option with a minimum deposit of 1 US dollar. The average return on investment is from 50 to 100 days.
Cloudmy – for registration they provide a bonus of 2 dollars (20 GH/s). There is a system of profitability levels from 0 to 9. Payback from 25 to 100 days.
Apextop – $1 bonus, 10 levels of return. You can return funds in 25-50 days.

You can find better options depending on your investment.

Nuances and possible difficulties

To start mining bitcoins, you need to choose a mining method:

solo - on personal equipment, where it is possible to spend more money on electricity and purchasing hardware than to make a profit;
pool - using a remote server: the biggest difficulty is choosing the right one with the most convenient interface and minimum withdrawal fee;
cloud servers - the whole process lies in the number of investments you make and the payback period.

The best option with a large number of nuances, but a high probability of earning money, is considered to be a pool. To choose the right one, look at 3 main characteristics:

commission size from 1 to 10%;
withdrawal methods;
user-friendliness of the interface.

Beginners should not take on new cryptocurrencies, but it is quite possible to try your hand at a standard set of Bitcoin mining software.

Previously, cryptocurrency mining required serious technical knowledge: you had to be able to connect to pools, write commands...
But now, simple and convenient mining on your home computer without investment extra money- available to everyone!
To become a happy owner of a cryptocurrency, you don’t have to buy it.

- a program that allows you to earn money by mining without investing money.

You can start mining in a few minutes.

1) Register on the site:

2) Download the program and enter your login/password.

3) After the tests, the program will calculate the expected monthly income and automatically start mining. During downtime, all computer resources are used; when you work at the computer, light mode is turned on.

This software is made for people who are far from the topic of cryptocurrencies. Everything is hidden “under the hood”; income can be withdrawn in Bitcoins or rubles.

A powerful computer allows you to earn up to 4,000 rubles a month; on a weak one, you get pennies, but you can recoup the cost of electricity.
Here you also need to understand that the shares of Bitcoin you have accumulated will increase in price tenfold over time. And here we get them without any risk.

In my experience, today it gives the maximum income from home mining compared to similar programs.

Antivirus complains, what should I do?

Unfortunately, some antiviruses, by default, consider everything related to mining to be evil.
I personally rely on the results of the virustotal check - 6/67, and if you look it says that it is Riskware or RiskTool.
Therefore, it makes sense to add Kryptex to the exceptions.

Mining a specific cryptocurrency

If you want to mine and withdraw a specific cryptocurrency to your wallet, you can use the mining program with.

According to numerous reviews, currently mining on Minergate is extremely unprofitable.
Until reasonable alternatives appear, I recommend using Kryptex.

Step 1. Register on the site

Step 2. Download the program
In the Downloads menu, download the appropriate version of the program

Step 3. Install the program on your computer

Step 4. Start mining
We can simply click on the Start smart mining button and the program itself will select the cryptocurrency with the highest hashrate, using your video card and processor to mine cryptocurrency

If you don’t have a goal to mine a specific coin, then that’s what you should do. If you want to mine something specific, you can go to the MINER tab and select the currency of your choice:

If you do not run resource-intensive programs, it is quite possible to work on your computer and mine cryptocurrency in the background, especially if you use only the CPU.

Withdrawing money from Minergate
So we have already mined some currency, now it’s time to bring it to us. Enter your name and password on the Minergate website and go to the Dashboard section.
We see a list of currencies and our balance.
If the balance is less than what is allowed for withdrawal, you need to mine more.

If the balance is greater than the minimum allowable for withdrawal, you must click the Withdraw button and specify the correct details for withdrawal.
If you have separate wallets for currencies, withdraw to them, but there are currencies that do not have separate wallets, or you are not interested in their further accumulation.
In this case, you can create a wallet directly on the exchange, but I advise you to withdraw money there no more than once a week. The widest selection of currencies on the Poloniex exchange. We find the currency we need in the exchange list and copy from there the address of the wallet for the deposit and, if necessary, the payment ID. We insert this data into Minergate.

After this, you need to confirm the withdrawal by clicking on the link sent to your email.
Everything is ready, in the Withdrawal history section you will see the output to the address you specified.

The modern crypto space provides an opportunity not only to have fun and gain a wide variety of knowledge, but also to earn bitcoins on your equipment. And with the invention of the so-called ones, this became much easier to do. Moreover, now there is a wonderful opportunity to combine business with pleasure and turn Bitcoin mining from simple entertainment into an additional source of income. Bitcoin mining is available to everyone, as long as you have a special one. equipment. This requires specific knowledge, a kind of mining instruction. Everyone can choose for themselves best option Bitcoin mining.

It's time to find out what it means. A popular method of obtaining cryptocurrency is mining. It is classic, but quite difficult to use. There are also other methods that provide less income, but are much more accessible. You can earn virtual coins using , which is one of the most popular, using bots, games, doublers, faucets and much more.

How to start mining?

Since the invention of cryptocurrencies, interest in them has grown significantly, many new users are interested in how to mine bitcoins and how bitcoin mining works, and people who were doing this at the dawn of the formation of crypto wallets managed to amass decent capital. At first, the cost of coins did not exceed a cent, but now this figure is about $9,500 per bitcoin (current as of February 2020). And the value of the virtual coin should rise.

But we should immediately disappoint lovers of easy money who are thinking about how to earn bitcoins on a computer: even 1 btc is not so easy to get. The vast majority of miners are forced to limit themselves to the so-called satoshi - these are a kind of virtual cents and pennies. But even they can get up to 1 thousand per hour for the simplest tasks. In fact, this is not such a large amount: 1 thousand satoshi is equal to only 0.1125 dollars.

Mining Bitcoin: Basic Principles

Mining allows you to simplify the complex process of mining Bitcoin. There have been cases where mining bitcoins on a home PC brought up to 25 btc for completing a single task, but this is extremely difficult. And last year this figure was halved. Now the discovery of a new block can bring only 12.5 bitcoins.

The Russian segment of the cryptocurrency market is constantly being persecuted by the law, but users are not going to give up, so they just hide their hobby more carefully and still wonder how to mine bitcoins.

Spending cryptocurrency is not difficult at all. It is enough to simply exchange it for any other electronic currencies. No matter how many bitcoins you receive, you can always exchange them through Yandex.Money, QIWI, WebMoney or any other wallet or service, and then use them at your discretion.

Mining on a home computer

So, how to mine Bitcoins, what is it?

Mining Bitcoins is the first and only way to mine. He is unique.

So how to make Bitcoin? The method is to use cryptocurrency using special ASIC equipment and its power resource. Simply, he must solve mathematical problems, and when the so-called hash is found, the miner will receive a reward. This is the answer to the question of how to mine BTC.

For 1 hash, Bitcoin production is 12.5 coins, but this is also quite a good amount, considering the cost of one bitcoin, reaching 11 thousand dollars. As a result, the miner will have about $140,000 in his hands. But here the seeker of clues, who wants to know how to mine bitcoins using a video card, is faced with the main catch: modern problems can only be solved by the latest specialized computers, the cost of which can amount to several thousand dollars; a regular PC simply cannot cope with searching for a hash. In addition, several hundred miners are probably mining BTC right this very second, trying to solve the same problem. And there is no guarantee that the hash will be yours.

Mining at home ceased to be considered an extremely profitable activity immediately after specific devices began to appear on the cryptocurrency market. Bitcoin mining has turned into a real profession, in which desktop computers and their owners have nothing to do, and almost everyone has learned what Bitcoin mining is.

To mine BTC on your computer, it is best to use the power of ASIC equipment. This type of equipment is capable of producing approximately 2.5 GB of hash per second, and can be used to mine bitcoins. And the electricity consumption is quite insignificant - about 2.5 watts. For example, mining on a home PC with a Radeon HD 7990 card will produce a maximum of 1.2 GB of hash, while consuming as much as 200 Watts. In this case, home mining will not be able to compete with seasoned players. What internet speed is needed for mining? Naturally, the highest and most stable to date.

Nowadays, classic mining is used only by professionals, but the question of how to earn bitcoins using a computer is of interest to both beginners and amateurs. But they prefer to act using more modern methods of cryptocurrency mining. Specific farms have even begun to appear that use equipment whose power is many times higher than that demonstrated by ASIC. Considering this market situation, it is better to give preference modern programs and to questions like how to become a bitcoin miner, answer: choose cloud mining, with which you can earn bitcoins with a much higher probability.

Cloud mining: how to mine bitcoins with it?

The attractiveness of such mining is that you do not need to purchase equipment. How to mine in this case? The miner simply invests in the purchase or rental of the necessary capacities. What is needed to mine Bitcoins? The following scheme is relevant:

find a suitable site to understand how to mine bitcoins on your computer;
register there to deposit the required amount of cryptocurrency into your account;
purchase as much capacity as you can afford
start mining bitcoin.

In this case, bitcoins will be mined by you together with other miners. The trick to mining cryptocurrency on your computer will no longer be a secret. And the winnings are divided among everyone, taking into account the invested funds. Of course, given the method of mining cryptocurrency, the profit will be much less. But the chance of winning will be several hundred times higher.

Where to mine bitcoins?

There are sites that show you how to mine Bitcoin and allow you to do it without investing your own money. For example, these portals will tell you what the Bitcoin currency is and how to earn it:

List of cloud mining services with a good reputation:

Iqmining - Shares of mining capacity for the cryptocurrency BTC, ETH and another 150 altcoins are being sold. Besides this, registration encouraged 10% to the purchased power. Profitability: up to 217%/year.
Hashflare — () They rent out power for mining cryptocurrencies DASH, ZEC, ethereum, sha-256 (BTC) and scrypt (Litecoin) mining. Profitability: 239.04%/year, 0.65%/day. Code HF18OSE8OD10 gives a 10% discount on all contracts.
Mizes — They rent out power for SHA 256 mining, SCRYPT, ETHASH. Yield: 1-3%/day.
Bitdeer — () They rent out capacity for mining BTC. The project also has an affiliate program.
Hashing24 — They rent out a share for mining the BTC cryptocurrency. Yield: 0.56%/day.
Genesis-mining — They rent out power for SHA 256, Dagger, X11, Zcash mining. Profitability: 71.23%/year 0.2%/day. Promotional code - IVUZQn gives a 3% discount.
Hashtoro - BTC, Litecoin, Ethereum, Zcash cloud mining. Minimum contract 20€. There is an affiliate program. Substation power - 650kw/h. Profitability: they write 80%/year. Minimum payout: 0.005 BTC, 0.5 LTC and 0.1 ETH, excluding commission fees.
Aliencloud. They rent out capacity for mining BTC, LTC, ETH, DASH, etc. Profitability: 105%/year. You can also use a crypto exchange on this platform.

Bitcoin mining: is it possible to make money on it?

This is the name of the services where it is possible to receive cryptocurrency by performing any actions. And a specialized computer for mining bitcoins is completely optional.

To know how to mine bitcoins on your computer, you can use. For example:

Domestic projects where bitcoin mining is possible are still significantly inferior to foreign ones. But the time is not far off when they will be able to compete with English-language sites.

Bitcoin development as a business: perspective

It is believed that the value of bitcoins will continue to grow. In this regard, since the resource is finite, and finding it is becoming increasingly difficult. What do you need for mining now? The most modern equipment. In addition, cryptocurrency is turning into a reserve currency.

If you are also planning to start mining bitcoins. And if you are interested in how to become a miner, you can easily start with faucets. It is this method that ensures a constant winning of satoshi. Having studied Bitcoin mining, you can try other, more complex methods for mining cryptocurrency. In addition, having received virtual funds for free, you can invest them in classic or cloud mining. The classic way to mine cryptocurrency will eventually become completely irrelevant. Since the cost of equipment will invariably increase, and it itself will become obsolete faster and faster. The difficulty in solving blocks will increase and as a result, mining on a PC will no longer be profitable.

In any case, you already know how Bitcoin mining happens.

What is Bitcoin mining and how does it work (video):

In the comments below, write which services no longer pay, together we will eradicate HYIPs and SCAMs that no longer pay. And also share projects that work stably and have credibility, apart from hype and SCAM.