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Setup slush pool macminer how to#
Setup slush pool macminer install#
Setup slush pool macminer software#
Setup slush pool macminer download#

Otherwise you’ll mine for months and may not ever receive bitcoins.

Join a Mining Pool and setup a Worker: I joined the BTCGuild (no longer a thing) to increase my chances of earning bitcoins.

You’ll also need that address to get into mining bitcoins, which is what steps 2 & 3 are about. You’ll need the wallet “address” to spend your bitcoins elsewhere and receive bitcoins from others.

Create a Wallet: I setup a digital “wallet” with Coinbase where you can save the bitcoins you’ve mined, or just buy and sell bitcoins directly with Coinbase.

Bitcoin may not be the one to take off, but one of them will eventually. And you will be able to set the Send Threshold to send Bitcoins to your wallet when it reaches the limit specified.Despite all the negative news around bitcoin, I believe cryptocurrencies are the future. You can watch the progress by logging in to your mining pool account and watch from the My Account tab. You will need to enter your BTC account for reward, worker info and pool and they will start mining.

MacMiner is an OS X mining client, if you are uncomfortable with the command line/terminal setup.

50Miner is another popular choice with easy to use user interface and easy setup.

Setup slush pool macminer software#

GUIMiner is a great software for Windows user and allows you to create miners with almost any standard graphics cards.

There are a number of different mining software for different platforms. For each computer that you wish to use for mining, create a worker ID for it so the pool can keep track of your contributions. Sign-up for an account and add as many workers as you need. The most popular mining pool is BitcoinCZ Mining also known as Slush’s pool. Bitcoins are awarded in blocks that consists of 25 coins, and unless you are extremely lucky, you will not be getting any blocks mining individually. Join a mining pool where multiple users work together to mine Bitcoin and share the rewards fairly.

Setup slush pool macminer how to#

You can learn more on how to create a secure offline wallet for your savings and just enough coins in your online wallet for day-to-day trading here. Remember that losing your Bitcoin wallet is akin to losing your physical wallet.

Setup slush pool macminer download#

The client requires you to download a fairly large blockchain file of more than 6GB of data.

Setup slush pool macminer install#

Choose and download the Bitcoin client for your operating system then proceed to install it. You need a wallet to store your coins since it is a digital currency and you can get the wallet from the official Bitcoin site. So this tutorial will be an easier way to get started on mining Bitcoins. I’m sure there is a way for normal users to start mining without much knowledge on the coding itself. I came across a lot of information that is too technical when i was getting started.

So let’s get started on how to mine Bitcoin. This is the basic concept of Bitcoin but i guess you would have known about Bitcoin to be reading this. It is introduced in 2009 as a peer-to-peer payment network which broadcasts digitally signed payment messages all over the world to be verified by the decentralized network of computers.The operators are known as miners and will be rewarded for the work done, hence the word Bitcoin mining. Senate hearing on the Potential Risks, Threats and Promises of Virtual Currencies. Bitcoin value has exploded recently with the intervention of Federal Reserve Chairman, Ben Bernanke where he commented that “they may hold long-term promise” during last week’s U.S.