Ok what next I should do?

[vikaslohia]

Hi all,
I am new to this wonderful forum.
I have done my basics. Read and understood about it.

I have downloaded BitCoin 0.8.6 from bitcoin.org and currently its synchronizing with network.
 
I was informed that I should mine in pool so I registered my self at mining.bitcoin.cz
and entered my bitcoin address there.

What should I do next now??

The reason I am doing this is because I have an internet connection with unlimited bandwidth and decent speed of 2.5mbps,
I have lot of free time and my computer is always on.

Please guide me what next should I do?

Thank You

[dejikocv]

Seriously, so should move to another coin. BTC is really hard to mine using a normal computer.
But it is hard to know if another alt-coin is going to have so much success as BTC.

[vikaslohia]

Seriously, so should move to another coin. BTC is really hard to mine using a normal computer.
But it is hard to know if another alt-coin is going to have so much success as BTC.

Hi dejkocv,
thnx for reply.

I dont have a clue what to do next with Slush's pool now.
My bitcoin client had already synced 50%

what next step should I take in order to start the process of generating BC?
Please help

[Wolfken]

What is your mining hardware?
If you will be mining with VGA cards, it will be better to stick with altcoins, but if you really wanna mine bitcoins, you can try http://middlecoin.com/

[vikaslohia]

What is your mining hardware?
If you will be mining with VGA cards, it will be better to stick with altcoins, but if you really wanna mine bitcoins, you can try http://middlecoin.com/

Hi wolfken
thnx for ur prompt reply.
Thanks for ur suggestion about middlecoin. will look into it.

I dont have any special Mining hardware
but by asking Mining hardware, if u are asking about my PC configuration than its as below
Intel i5-2320 @ 3..Ghz
4GB DDR3 RAM
DH61ww

And if by "mining with VGA cards" u mean about graphics of my system than its NVIDIA GeFortce GT 520.

I am really confused what to do next....

thnx again

[dejikocv]

Hi dejkocv,
thnx for reply.

I dont have a clue what to do next with Slush's pool now.
My bitcoin client had already synced 50%

what next step should I take in order to start the process of generating BC?
Please help

Vikaslohia, you need to download the miner and configure it to the Slush's pool. You can get more information in https://bitcointalk.org/?topic=28402.0 (this is one of the more important miner software)

You need to check in your pool the url, and the worker username and password. I don't use Slush's pool, so I don't know how to get that information.

[Wolfken]

Nvidia is not really good for mining, you can compare on this site how much Mh/s you will get: https://litecoin.info/Mining_Hardware_Comparison
And with an Nvidia card you must use Cudaminer: https://bitcointalk.org/index.php?topic=167229.0
But honestly ... with this kind of hardware you will lose money.

Maybe if you really wanna mine, you can buy an ASIC miner, an USB antminer is only 1600Mh/s but is cheap and is 50x more powerfull than your setup.

[vikaslohia]

Nvidia is not really good for mining, you can compare on this site how much Mh/s you will get: https://litecoin.info/Mining_Hardware_Comparison
And with an Nvidia card you must use Cudaminer: https://bitcointalk.org/index.php?topic=167229.0
But honestly ... with this kind of hardware you will lose money.

Maybe if you really wanna mine, you can buy an ASIC miner, an USB antminer is only 1600Mh/s but is cheap and is 50x more powerfull than your setup.

hey thnx again wolfken for reply

Ok so my harware is not good enough to mine. I am getting 10.35 Mhps.
thnx for ur suggestion. I will look into those options.
Also what did u mean by "loosing money?" Are u referring to my time/internet bill/electricity bill?

thnx any way

[virferox]

Nvidia is not really good for mining, you can compare on this site how much Mh/s you will get: https://litecoin.info/Mining_Hardware_Comparison
And with an Nvidia card you must use Cudaminer: https://bitcointalk.org/index.php?topic=167229.0
But honestly ... with this kind of hardware you will lose money.

Maybe if you really wanna mine, you can buy an ASIC miner, an USB antminer is only 1600Mh/s but is cheap and is 50x more powerfull than your setup.

hey thnx again wolfken for reply

Ok so my harware is not good enough to mine. I am getting 10.35 Mhps.
thnx for ur suggestion. I will look into those options.
Also what did u mean by "loosing money?" Are u referring to my time/internet bill/electricity bill?

thnx any way

It all comes down to your electricity bill as time and internet bill are really constants (unless you pay for usage).  If it costs you $100/month to run your mining rig then you need to make more than that in whatever your mining to make any money.  At bitcoins difficulty you won't be able to mine past what it would cost you.  You're best bet is to mine an alt coin which is easier and hope it goes up in value.

[DooMAD]

If you want Bitcoin, you're probably better off using a pay-to-click site like Bitvisitor.

If you want to mine, consider trying Litecoin or one of there other Altcoins.  There's also a Litecoin faucet here which pays quite well.

[Wolfken]

I think its 10Kh/s

This is a good site where you can calculate your earnings: http://www.coinwarz.com/calculators/bitcoin-mining-calculator

And this is also a very informative site: http://mining.thegenesisblock.com/

[drb0n3z]

Damn 10kh/s? I'm only getting 30 because of my hardware. Make sure you're using the most recent version of the GPU miner which is 12-18 to get the best speed.

[Wolfken]

The topicstarter has an Nvidia card, GUIminer don't work with Nvidia, so he must use Cudaminer.

His videocard is not powerfull, i think 10 Mh/s for SHA-256 or 10 Kh/s for Scrypt mining.
It's a pity to use this for mining.

[infinitybo]

@Vikaslohia In fact that's the idea however you have to start mining as soon as possible before the next difficulty be increased.