How to Mine Bitcoins With a GPU Using CGMiner, ToughNickel
Sam has bot mining Bitcoin and other cryptocurrencies since 2013. He has practice building and optimizing GPU and ASIC mining systems.
With their latest hop te value Bitcoins are becoming more popular than everzwijn. This unexpected increase te popularity has created a gold rush causing everyone to build up rente ter this fresh digital currency.
While many people find it lighter to simply buy Bitcoins others have discovered Bitcoin mining is a joy and challenging hobby.
Mining for Bitcoins can be both joy, and profitable and it’s actually lighter to get embarked then you might think. Te this hub I’ll explain how to embark mining for Bitcoins using your GPU and a program called CGMiner.
Have you heard of Bitcoins before?
AMD Radeon movie cards are the best GPUs for mining Bitcoins. Unluckily 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 5800 or newer movie card installed then you are ter good form to embark mining for coins.
I wouldn’t recommend going out and purchasing a fresh movie card just to mine Bitcoins with but if you need to substitute an older card anyway you might consider purchasing a Radeon card instead of Nvidia Hardware..
With newer ASIC based Bitcoin miners hitting the market ter the near future GPU based mining may soon be obsolete so be cautious of investing powerfully ter GPU hardware just for mining.
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 te BTC.
Why MIne Using a GPU?
GPUs are much better than CPUs when it comes to mining for Bitcoins due to the nature of their vormgeving. 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.
While CPUs can also be used to generate hashes they are not almost spil effective spil a GPU.
Here is a popular analogy:
A CPU is like a petite group of very brainy 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 rapid or slim, but they can be instructed to do repetitive tasks, and spil a group they can be more productive due to the sheer number of them.
Create an Online Bitcoin Wallet
Before you commence 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 permits you to create a free, and secure wallet that provides many useful features.
To create a wallet click on the listig labeled ‘Create my free wallet’. To set up the fresh account come in an schuilnaam (think of this spil the username for the account), a secure password, and the capcha response.
Blockchain will generate a password recovery mnemonic, be sure to store this somewhere safe ter case you everzwijn need to recover access to your wallet.
It’s significant to use a very secure password for the wallet. If anyone were to build up access to your wallet they could quickly steal all of the coins inwards.
Find Your Bitcoin Wallet Address
After creating the account loom into the wallet using the identifier and password. The address of the wallet can be found on the main wallet huis tabulator.
The address consists of 27-34 alphanumeric characters. This address is what you will provide to people so they can send you payments using Bitcoins.
Join a Bitcoin Mining Pool
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 permits 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 (presently worth 12.Five BTC) the Bitcoins earned are divided among the users ter the pool based on how many shares they earned ter the particular round.
There are many different mining pools you can join, each pool has their on pros and cons. Spil you 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 fine features and is very effortless to use.
Creating an Account at AntPool
The process for joining most Bitcoin mining pools is very similar but ter this guide I’ll display you how to begin mining with AntPool.
The very first step ter joining the pool is to register for a fresh account.
Create a Subaccount
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 bot reached.
After logging te click on the settings like to create a fresh sub account. Once you’ve created a sub account click the edit verbinding to add your Bitcoin wallet address.
The switches to your account will need to be confirmed by responding to the email sent from AntPool.
Creating a Worker
Next you need to setup a worker, click on the instrumentenbord tabulator then workers. You will need one worker account for each copy of CGMiner you intend to run.
Download and Configure CGMiner
At this point you should have a Bitcoin wallet which is now associated with the AntPool worker. This means you are eventually ready to begin actually mining for Bitcoins!
There are several different Bitcoin mining clients available but I will be showcasing you how to use CGMiner.
CGMiner is a GPU/FPGA bitcoin mining program written ter C. It is compatible with both Windows and Linux operating systems.
Among the superb features of CGMiner are support for overclocking, hardware monitoring, fan speed control and also remote interface capabilities.
Cgminer version Three.7.Two is the latest version with GPU support. Versions zometeen than Three.7.Two do not support GPUs (only ASICs).
Samenvatting the Contents of the Zipfile
After downloading the compressed zip verkeersopstopping open the archive. You can use 7zip to samenvatting the contents of the verkeersopstopping. Inwards the archive you’ll find a folder called cgminer-3.7.2-windows.
Stir this folder to C:\ and rename it to cgminer.
You should end up a with a folder called c:\cgminer , the contents should like like the pic below.
Edit the CGMiner.conf Opstopping
Nest you need to inject the pool settings into the cgminer.conf verkeersopstopping contained inwards the c:\cgminer directory where you extracted the files.
Edit the existing cgminer.conf opstopping and modify the pools section spil shown below. Substitute subaccount.worker with the name of your own sub account and worker you created ter the AntPool instrumentenbord.
Eliminate the reserve pool sections unless you intend to add configure numerous pools.
Once the config opstopping has bot modified you are ready to commence mining for Bitcoins using CGMiner. Dual click on cgminer.exe to commence the miner.
If your configuration is onberispelijk CGMiner launch, connect to the mining pool, and embark mining for Bitcoins.
Each of the GPUs detected by CGMiner will be lised te the 2nd section below the summary. The current hash rate for each card will be displayed ter Mh/s (Mega hashes vanaf 2nd).
If you’re incapable to get CGMiner working here are some common things you should check very first.
- Install the latest version of the movie card drivers
- Attempt launching cgminer directly from the guideline prompt instead o to check for error messages.
- Dual check the worker name entered ter the cgminer.conf opstopping.
CGMiner Movie Tutorial
Checking the Worker Stats te the Mining Pool
Once CGMiner starts mining for Bitcoins you can check the status of the worker te the mining pool web interface. Most pools take somewhere inbetween 5-15 minutes before they will begin showcasing statistics for the worker online.
If CGMiner wasgoed able to successfully connect to the pool you will see the current speed and an estimate of the workers profitability vanaf day.
If you do not see any stats after the miner has bot running for a while check the username and pool settings te the CGMiner config opstopping.
Moving Forward with Bitcoin
Mining for your own Bitcoins is a superb way to learn more about digital currency. You might find that you love mining enough to become a xxx enthusiast and purchase high end mining hardware such spil the ASIC miners designed by Bitmain.
If you determine that mining Bitcoins isn’t for you it’s still effortless to be involved with Bitcoins te other ways. You can buy and sell Bitcoins on many of the popular exchanges such spil Coinbase.