Thursday, November 28, 2013

GUIMiner - Bitcoin - Triplemining

As many of you may know, Bitcoin a digital currency has lately increased in value by a ton. Being over $1,000 a coin it is well worth the time to start mining and this is very simple if you have a high powered GPU. Laptops are not recommended for this since they will not make much money. I currently mine with a 5770, and plan to mine with a few other machines once I get the funds to order them.

Digital Wallet:

First, you need a bitcoin wallet to maintain your currency.
There is a few to choose from on this website

Pool / Mining Community:

Next, you will want to join a pool of miners. This in my opinion is the easiest way to get into mining and it is straightforward. I currently use Triplemining. Using that link will allow you to sign up, if interested and then you will be set up with a pool. There are also many other mining pools, none of which I have had experience with, but you can find some more here Others

Software:

Lastly, you will want to set up the miner itself. I recommend GUIMiner, this is the most advanced graphics wise, but is not always the most efficient. I have been making around 170 mhash /s using the 5770 with GUIMiner. GUIMiner can be found using this link 

Set up is very simple. On triplemining.com once you have an account, go to the workers tab and create a worker on the top right. Just put a computer name in, or something, and a simple password that is NOT the same as your profile information. Once you have done this, open GUIMiner, select triplemining under the server and then put in this worker information you just created under username and password. Select your graphics card you're using, then press start mining. From this point you can see your progress on triplemining and it will tell you how you are doing.

If there are any questions on this, feel free to comment and I will try to help. With bitcoin being as much as it is now, getting into this while you can still can may be a great idea.

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