Bitcoin Mining Hardware Guide

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Sam has been mining Bitcoin and other cryptocurrencies since With their recent jump in value Bitcoins are becoming more popular than ever. This sudden increase in popularity has created a gold rush causing everyone to gain interest in this new digital currency. While many people find it easier bitcoin mining using gpu 2017 simply buy Bitcoins others have discovered Bitcoin mining is a fun and challenging hobby. Mining for Bitcoins can be both fun, and profitable and it's actually easier to get started then you might think.

Unfortunately Nvidia cards do not perform very well at all when it comes to mining when compared to AMD cards. If you already have an AMD Radeon or newer video card installed then you are in good shape to start mining for coins. I wouldn't recommend going out and purchasing a new video card just to mine Bitcoins with but if you need to replace an older card anyway you might consider purchasing a Radeon card instead of Nvidia Hardware.

If you're hardware isn't powerful enough to mine Bitcoin you can still earn Bitcoin by using NiceHash which mines other cryptocurrencies but pays users in BTC. Graphics rendering requires tons of mathematical computations which GPUs are specifically designed to do. Since Bitcoin mining also requires math computations bitcoin mining using gpu 2017 GPUs work very well for this purpose. A CPU is like a small group of very smart people who can quickly perform any task they are asked to do.

A GPU is like a large group of dumb people who on their own are not very fast or intelligent, but they can be taught to do repetitive tasks, and as a group they can be more productive due to the sheer number of them.

Before you start mining for Bitcoins you will need to create an online wallet that will be used to receive and store Bitcoins. There are several places to create online wallets but I recommend using Blockchain.

Blockchain allows you to create a free, and secure wallet that provides many useful features. To create a wallet click on the link labeled 'Create my bitcoin mining using gpu 2017 wallet'. To set up the new account enter an alias think of this as the username for the accounta secure password, and the capcha answer.

Blockchain will generate a password recovery mnemonic, be sure to store this somewhere safe in case you ever need to recover access to your bitcoin mining using gpu 2017. It's important to use a very secure password for the wallet.

If anyone were to gain access to bitcoin mining using gpu 2017 wallet they could quickly steal all of the coins inside. After creating the account log into the wallet using the identifier and password. The address of the wallet can be found on the main wallet home tab. The address consists of alphanumeric characters. This address is what you will provide to people so they can send you payments using Bitcoins.

While it is possible to mine for Bitcoins on your own it is not something I would recommend doing. Solo mining requires an incredible amount of processing power which most people don't have access to.

Pooled mining allows miners to group up to solve blocks and earn Bitcoins together. Each miner that joins the pool earns shares for the work they contribute. Each time the pool finds a block currently worth There are many different mining pools you can join, each pool has their on pros and cons. As bitcoin mining using gpu 2017 learn more about Bitcoins you will be able to make a more educated decision of bitcoin mining using gpu 2017 pool is best for you.

I bitcoin mining using gpu 2017 joining AntPool because it has some great features and is bitcoin mining using gpu 2017 easy to use. The process for joining most Bitcoin mining pools is very similar but in this guide I'll show you how to start mining with AntPool. After registering with AntPool you will need to create a sub account and associate a Bitcoin wallet. Payments will be sent from the pool to this wallet address once the payment threshold has been reached.

After logging in click on the settings like to create a new sub account. Once you've created a sub account click the edit link to add your Bitcoin wallet address.

The changes to your account will need to be confirmed by responding to the email sent from AntPool. Next you need to setup a worker, click on the dashboard tab then workers. You will need one worker account for each copy of CGMiner you intend to run. At this point you should have a Bitcoin wallet which is now associated with the AntPool worker. This means you are finally ready to start actually mining for Bitcoins! There are several different Bitcoin mining clients available but I will be showing you how to use CGMiner.

It is compatible with both Windows and Linux operating systems. Among the great features of CGMiner are support for overclocking, hardware monitoring, fan speed control and also remote interface capabilities.

Versions later than 3. After downloading the compressed zip file open the archive. You can use 7zip to extract the contents of the file.

Inside the archive you'll find a folder called cgminer You should end up a with a folder called c: Nest you need to enter the pool settings into the cgminer.

Edit the existing cgminer. Once the config file has been modified you are ready to start mining for Bitcoins using CGMiner. Double click on cgminer. If your configuration is correct CGMiner launch, connect to the mining pool, and start mining for Bitcoins. Once CGMiner starts mining for Bitcoins you can check the status of the worker in the mining pool bitcoin mining using gpu 2017 interface.

Most pools take somewhere between minutes before they will start showing statistics for the worker online. If CGMiner was able to successfully connect to the pool you will see the current speed and an estimate of the workers profitability per day. If you do not see any stats after the miner has been running for a while check the username and pool settings in the CGMiner config file. Mining for your own Bitcoins is a great way to learn more about digital currency.

Bitcoin mining using gpu 2017 might find that you enjoy mining enough to become a hardcore enthusiast and purchase high end mining bitcoin mining using gpu 2017 such as the ASIC miners designed by Bitmain. If you decide that mining Bitcoins isn't for you it's still easy to be involved with Bitcoins in other ways. You can buy and sell Bitcoins on many of the popular exchanges such as Coinbase. Sign in or sign up and post using a HubPages Network account. Comments are not for promoting your articles or other sites.

I'm not aware of any mining software for other microcontrollers, most requires either Windows, Linux, or Mac. It sounds like it's unable to connect to the mining pool. Double check the server address, worker name, and password in cgminer. I followed this bitcoin mining using gpu 2017 now and i get this in cgminer: I tried doing this but i always get this message: The Eclipse pool has shutdown.

I'm currently working on updating this article but in the mean time I recommend checking out www. You may also want to take a look at my most recent bitcoin mining using gpu 2017 article which explains how to earn Bitcoins with NiceHash. I suspect you may earn more with it instead.

I have 3 gpus, i can only get 2 of them mining. It shows 3 gpus in cgminer screen after running batch file, one off them show OFF, any idea why?? But, what if miner. Seems bitcoin mining using gpu 2017 starts, shows 2 fast cmd windows, and that's it. Nothing opened after that Try running the batch file from a command prompt in order to see what error message you are receiving.

Isn't it true the more bitcoins that are mined added to the total out there the longer it takes to create one and then more expensive machine you'll need to mine them in a reasonable time. Isn't it very late to come to this party all ready seems like a ponzi scheme. Many people bitcoin mining using gpu 2017 actually planning to start mining Litecoins at that time. You are correct in that it can take quite a while to generate bitcoin mining using gpu 2017 Bitcoin depending on how powerful your system is.

Luckily by joining a pool you can earn fractions of a Bitcoin. Each coin is divisible by 8 decimal places. You can run a quick calculation to determine if mining is profitable for you using one of the many online tools. You'll need to know the power draw of your miner, hash rate, and how much bitcoin mining using gpu 2017 pay per kilowatt for electricity.

Other product and company names shown may be trademarks of their respective owners. HubPages and Hubbers authors may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.

Have you heard of Bitcoins before? Yes, I've heard of them but I don't know much about them. Yes, I've heard of Bitcoin mining using gpu 2017 and have used them before. No, I have no clue what a Bitcoin is. Here is a popular analogy: Create an Online Bitcoin Wallet Before you start mining for Bitcoins you will need to create an online wallet that will be used to receive and store Bitcoins.

Find Your Bitcoin Wallet Address After creating the account log into the wallet using the identifier and password. Join a Bitcoin Mining Pool While it is possible to mine for Bitcoins on your own it is not something I would recommend doing.

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Browser-based cryptocurrency mining activity exploded in the last few months of After many years of deathly silence, the catalyst appears to be the launch of a new browser-based mining service in September by Coinhive.

This service wraps everything up nicely in an easy-to-use package for website owners and has injected new life into an idea that was long thought of as dead and buried. Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using scripting language. This is different compared to the more widely known file-based cryptocurrency mining approach which involves downloading and running a dedicated executable file.

Browser-based mining dates back to May of when an innovative service called BitcoinPlus. That service was in many ways remarkably similar to its modern reincarnation, Coinhive. It used JavaScript code for pooled mining and website owners could sign up to the service and embed these scripts into their web pages to make page visitors mine for them.

The big difference is that back in BitcoinPlus. Back in , before the advent of ASIC mining in , Bitcoin was still in its infancy, mining difficulty was relatively low, and cryptocurrency prices were even lower. It was just about possible to do some mining with home-grade hardware. Even though it was possible at that time to mine for Bitcoin via BitcoinPlus. The reward was minuscule compared to the amount of mining power and electricity required.

Due to this fundamental profitability problem with browser-based mining, it soon withered away. The growing problem of profitability was made even worse by the increasing use of ASIC miners.

The advent of ASIC miners dragged bitcoin mining out of the realm of home users and into an industrial age dominated by the massive mining farms that we are more familiar with today. After the demise of Tidbit, the idea of browser-based JavaScript cryptocurrency mining largely died away once again. Despite these setbacks, key lessons were learned. The point of a service like Tidbit was never about single servers or high-end computers doing solo mining. The true power of this service came from scaling up and pooling the potentially massive combined mining power of masses of users with average hardware visiting a website.

Fast forward to September , the cryptocurrency landscape compared with had changed drastically. The market for cryptocurrency was extremely limited and illiquid, meaning that even if you got some, it was not easy to turn it back into fiat currency for spending. Together with the diversity of coins to choose from in , there was also now a diversity of coin reward mechanisms. It's against this backdrop that Coinhive released its browser-mining scripts designed to mine Monero, effectively bringing the idea of browser-based mining back from the dead.

Coinhive is marketed as an alternative to browser ad revenue. The motivation behind this is simple: Users hopefully then get a cleaner, faster, and potentially less risky website remember malvertising? What could go wrong? Soon after the release of the Coinhive service, the hash rate for the service started to climb, and quickly too.

Hashing is the process of carrying out cryptographic hash calculations which are used to help process transactions. Miners who participate in a mining pool get paid a share of income generated by the pool. The Coinhive pool reached just over five percent of that total which is quite an achievement in such a short time. However, the idea was once again revived in December by a group of MIT students in a project called Tidbit—ostensibly touted as an alternative way for website owners to raise revenue.

According to one early adopter, the revenue generated by his particular site was far lower than the revenue generated from ads. In fairness to Coinhive, it recommends being transparent with site visitors and that website owners notify users of the mining that will be taking place and, better still, offer users a way to opt in. The first high-profile site to start using Coinhive mining was The Pirate Bay torrent website. The Pirate Bay has had a checkered history and, being a highly trafficked site global ranking with million visitors in the last six months , has been looking for alternative ways to monetize its considerable traffic.

Its initial attempts at browser mining were quickly spotted by users and they were not too happy about it. At least in the case of The Pirate Bay, this was a case of the site's owners making a decision to use Coinhive. The Pirate Bay's initial attempts at browser mining were quickly spotted by users and they were not too happy about it.

One of the Showtime sites affected was its content streaming site which has high traffic and user sessions are lengthy as visitors stay on the site while content is streaming.

Showtime is a premium-based service so it would seem strange that users are made to pay twice for content. The scripts were promptly removed after they were discovered, suggesting that they were planted there maliciously.

Reports of many other sites using the Coinhive mining scripts soon followed. Over the Thanksgiving holiday in the U. As with Showtime, LiveHelpNow is already a legitimate revenue-generating business and there's no obvious reason as to why it would risk user confidence to earn a few extra bucks from users. So the most likely scenario is that the server was compromised either by an outsider, or even an insider.

There are many reasons why browser-based mining is back with a vengeance. Unlike in previous failed attempts, recent developments in the cryptocurrency and threat landscapes have made this a much more viable activity.

Let's have a look at some of these factors in more detail:. Privacy is important if you want to mine coins maliciously, in order to ensure others cannot easily follow the money trail back to you. Monero, which came to the market in , can offer a high level of transaction privacy.

Unlike with most other cryptocurrencies that use public transparent blockchains where transaction addresses can be easily viewed by anyone, Monero does things differently.

By default, everything is private, including the amount in a transaction, who sent it, and who received it. There is an option with which wallet owners can selectively reveal some information via what's called a view key , but this is not a feature that cyber criminals are likely to want to use. As mentioned earlier, Coinhive provides a very neat and easy-to-use package for people to get involved in Monero mining.

All you have to do is add a few lines of script to your website code. You don't have to make website visitors download and install executable files. The Pirate Bay was soon followed by another high-profile site—this time Coinhive's miner was found on two of Showtime's websites.

With browser-based mining, the cost of mining is borne mostly by the website visitors through hardware wear and tear as well as energy costs. Scale is achieved by using high-traffic sites with sticky content. Coinhive currently pays 0.

The user would have to spend 3, seconds on the site, or roughly 55 minutes, in order to achieve a million hashes. However, if you can get 3, users to spend approximately one second each on the site it would achieve a similar result. Even under optimal conditions, the amount of hashes produced in each instance will be small, but when it comes to distributed computing power, it's all about scale and every little bit adds up.

As we noted earlier, the value of mining rewards are not great, at least not initially. To get a better understanding, we need to look at the profitability of this activity over the longer term and take in the macroeconomic picture to get a true sense of the reward.

The value of cryptocurrencies like Monero is going up dramatically. Under these circumstances where the price of Monero can go up substantially in dollar terms over a relatively short time, mining Monero can become an attractive proposition. A small amount of Monero mined today could potentially be worth a great deal more in a matter of months conversely it could also drop significantly depending on the health of the overall cryptocurrency economy.

Mirroring the rising interest and price of cryptocurrency, we have also seen a big jump in our detections of both file- and browser-based cryptocurrency mining activity in recent months. Malicious cryptocurrency mining isn't just confined to desktop computers and servers. Always-connected mobile devices are also a growing target. We have even seen growth in coin mining on mobile phones in recent years. In , we discovered 26 different Android apps that were mining cryptocurrencies. So far in we have found 35, which is around a 34 percent increase.

But cryptocurrency mining is always an energy-intensive activity so the biggest problem facing mobile mining is of course battery drain as battery technology has not progressed as fast as processing power. Mobile mining will inevitably be noticed by the heat generated and the fast-draining battery, not to mention any performance impacts that it may also have on the device.

If we consider the cryptocurrency market as whole, we can see that just as the total value of cryptocurrencies increased manifold during the year, interest in malicious mining activity, both browser- and executable-based as indicated by detections of malicious mining activity, increased in tandem with it. As interest increases, more participants, both as miners and tool makers, join the fray. Coinhive, while being the best known at this time, doesn't have the market to itself.

Similar projects like Crypto Loot are cropping up, and other browser mining projects like JSEcoin have been in beta since August and are trying to generate growth in this activity. Symantec has observed a significant jump in all cryptocurrency mining activity in recent months as evidenced in our increasing detection rate See Figures 4 and 5. Despite the genuine aspirations of most browser mining projects to offer a real and potentially better alternative to traditional web revenue generation methods, the sad reality is, it can and is being misused.

Increasing user awareness and detection by security vendors will trigger a new arms race between cyber criminals and defenders. We can expect to see adoption of a wide range of traditional malware propagation and evasion techniques to help spread and prolong mining activity in order to maximize profit. For as long as the current enabling factors are in place making it favorable for mining, we can expect to see interest in browser mining to be sustained or even increase in the short to medium term.

Symantec is keeping a watchful eye on the growing trend of browser mining. We are making adjustments as necessary to prevent unwanted cryptocurrency miners from stealing your computing resources to enrich others. Website owners should watch for injection of the browser-mining scripts into their website source code.

Our network solutions can help you spot this in the network traffic as your server communicates with visitors. In addition, file system scans can also show up any files where the browser-based miner code has been injected, enabling you to identify and clean up the content. Symantec helps prevent others from stealing your computing resources by protecting various stages of the attack chain:.

All mining software, whether it is file- or browser-based, must be able to connect to either the cryptocurrency network or a mining pool to exchange data, in other words its proof-of-work. Without this connection, it cannot get the data it needs to generate hashes, rendering it useless.

We can also block the mining scripts from being downloaded in the first instance. Our network protection operates on our endpoint solutions as well as our gateway and cloud touch points; all these solutions help build a solid defense against unwanted mining activity. Here are some of the network protection signatures geared towards detection of browser-based mining:. Our endpoint solutions, including those for mobile devices, can detect and block all types of mining activity whether they are file-based or in-browser.