Mine Altcoin With Laptop Bitcoin Cloud Mining Results

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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 to 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 How to mine bitcoin with laptop easiest way 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 hashing GPUs work very well for this purpose. A CPU is like how to mine bitcoin with laptop easiest way 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 free 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 wallet.

It's important to use a very secure password for the wallet. If anyone were to gain access to your 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 how to mine bitcoin with laptop easiest way for Bitcoins on your own it how to mine bitcoin with laptop easiest way 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 how to mine bitcoin with laptop easiest way learn more about Bitcoins you will be able to make a more educated decision of which pool is best for you.

I recommend joining AntPool because it has some great features and is very 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 how to mine bitcoin with laptop easiest way 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 web interface. Most pools take somewhere between minutes before they will start how to mine bitcoin with laptop easiest way 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 how to mine bitcoin with laptop easiest way 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 how to mine bitcoin with laptop easiest way own Bitcoins is a great way to learn more about digital currency. You might find that you enjoy mining enough to become a hardcore enthusiast and purchase high end mining hardware 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 guide 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 how to mine bitcoin with laptop easiest way checking out www.

You may also want to take a look at my most recent mining 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 it starts, shows 2 fast how to mine bitcoin with laptop easiest way 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 are actually planning to start mining Litecoins at that time.

You are correct in that it can take quite a while to generate one 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 you pay per kilowatt for electricity.

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To provide a better website experience, toughnickel. Please choose which areas of our service you consent to our doing so. For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: 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 Bitcoins and have used them before. No, I have no clue what a Bitcoin is. Here is a popular analogy:

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Your computer—in collaboration with those of everyone else reading this post who clicked the button above—is racing thousands of others to unlock and claim the next batch. For as long as that counter above keeps climbing, your computer will keep running a bitcoin mining script and trying to get a piece of the action. Your computer is not blasting through the cavernous depths of the internet in search of digital ore that can be fashioned into bitcoin bullion.

The size of each batch of coins drops by half roughly every four years, and around , it will be cut to zero, capping the total number of bitcoins in circulation at 21 million.

But the analogy ends there. What bitcoin miners actually do could be better described as competitive bookkeeping. Miners build and maintain a gigantic public ledger containing a record of every bitcoin transaction in history. Every time somebody wants to send bitcoins to somebody else, the transfer has to be validated by miners: If the transfer checks out, miners add it to the ledger.

Finally, to protect that ledger from getting hacked, miners seal it behind layers and layers of computational work—too much for a would-be fraudster to possibly complete. Or rather, some miners are rewarded. Miners are all competing with each other to be first to approve a new batch of transactions and finish the computational work required to seal those transactions in the ledger. With each fresh batch, winner takes all.

As the name implies, double spending is when somebody spends money more than once. Traditional currencies avoid it through a combination of hard-to-mimic physical cash and trusted third parties—banks, credit-card providers, and services like PayPal—that process transactions and update account balances accordingly. But bitcoin is completely digital, and it has no third parties. The idea of an overseeing body runs completely counter to its ethos. The solution is that public ledger with records of all transactions, known as the block chain.

If she indeed has the right to send that money, the transfer gets approved and entered into the ledger. Using a public ledger comes with some problems. The first is privacy. How can you make every bitcoin exchange completely transparent while keeping all bitcoin users completely anonymous? The second is security. If the ledger is totally public, how do you prevent people from fudging it for their own gain?

The ledger only keeps track of bitcoin transfers, not account balances. In a very real sense, there is no such thing as a bitcoin account. And that keeps users anonymous. Say Alice wants to transfer one bitcoin to Bob.

That transaction record is sent to every bitcoin miner—i. Now, say Bob wants to pay Carol one bitcoin. Carol of course sets up an address and a key. And then Bob essentially takes the bitcoin Alice gave him and uses his address and key from that transfer to sign the bitcoin over to Carol:. After validating the transfer, each miner will then send a message to all of the other miners, giving her blessing.

The ledger tracks the coins, but it does not track people, at least not explicitly. The first thing that bitcoin does to secure the ledger is decentralize it. There is no huge spreadsheet being stored on a server somewhere. There is no master document at all.

Instead, the ledger is broken up into blocks: Every block includes a reference to the block that came before it, and you can follow the links backward from the most recent block to the very first block, when bitcoin creator Satoshi Nakamoto conjured the first bitcoins into existence.

Every 10 minutes miners add a new block, growing the chain like an expanding pearl necklace. Generally speaking, every bitcoin miner has a copy of the entire block chain on her computer.

If she shuts her computer down and stops mining for a while, when she starts back up, her machine will send a message to other miners requesting the blocks that were created in her absence. No one person or computer has responsibility for these block chain updates; no miner has special status. The updates, like the authentication of new blocks, are provided by the network of bitcoin miners at large.

Bitcoin also relies on cryptography. The computational problem is different for every block in the chain, and it involves a particular kind of algorithm called a hash function.

Like any function, a cryptographic hash function takes an input—a string of numbers and letters—and produces an output. But there are three things that set cryptographic hash functions apart:. The hash function that bitcoin relies on—called SHA, and developed by the US National Security Agency—always produces a string that is 64 characters long.

You could run your name through that hash function, or the entire King James Bible. Think of it like mixing paint. If you substitute light pink paint for regular pink paint in the example above, the result is still going to be pretty much the same purple , just a little lighter. But with hashes, a slight variation in the input results in a completely different output:. The proof-of-work problem that miners have to solve involves taking a hash of the contents of the block that they are working on—all of the transactions, some meta-data like a timestamp , and the reference to the previous block—plus a random number called a nonce.

Their goal is to find a hash that has at least a certain number of leading zeroes. That constraint is what makes the problem more or less difficult. More leading zeroes means fewer possible solutions, and more time required to solve the problem.

Every 2, blocks roughly two weeks , that difficulty is reset. If it took miners less than 10 minutes on average to solve those 2, blocks, then the difficulty is automatically increased.

If it took longer, then the difficulty is decreased. Miners search for an acceptable hash by choosing a nonce, running the hash function, and checking. When a miner is finally lucky enough to find a nonce that works, and wins the block, that nonce gets appended to the end of the block, along with the resulting hash. Her first step would be to go in and change the record for that transaction.

Then, because she had modified the block, she would have to solve a new proof-of-work problem—find a new nonce—and do all of that computational work, all over again. Again, due to the unpredictable nature of hash functions, making the slightest change to the original block means starting the proof of work from scratch.

But unless the hacker has more computing power at her disposal than all other bitcoin miners combined, she could never catch up. She would always be at least six blocks behind, and her alternative chain would obviously be a counterfeit. She has to find a new one. The code that makes bitcoin mining possible is completely open-source, and developed by volunteers. But the force that really makes the entire machine go is pure capitalistic competition.

Every miner right now is racing to solve the same block simultaneously, but only the winner will get the prize. In a sense, everybody else was just burning electricity. Yet their presence in the network is critical. But it also solves another problem. It distributes new bitcoins in a relatively fair way—only those people who dedicate some effort to making bitcoin work get to enjoy the coins as they are created.

But because mining is a competitive enterprise, miners have come up with ways to gain an edge. One obvious way is by pooling resources. Your machine, right now, is actually working as part of a bitcoin mining collective that shares out the computational load. Your computer is not trying to solve the block, at least not immediately. It is chipping away at a cryptographic problem, using the input at the top of the screen and combining it with a nonce, then taking the hash to try to find a solution.

Solving that problem is a lot easier than solving the block itself, but doing so gets the pool closer to finding a winning nonce for the block. And the pool pays its members in bitcoins for every one of these easier problems they solve. If you did find a solution, then your bounty would go to Quartz, not you.

This whole time you have been mining for us! We just wanted to make the strange and complex world of bitcoin a little easier to understand. An earlier version of this article incorrectly stated that the long pink string of numbers and letters in the interactive at the top is the target output hash your computer is trying to find by running the mining script.

In fact, it is one of the inputs that your computer feeds into the hash function, not the output it is looking for. Obsession Future of Finance. This item has been corrected.