How to Start Mining cryptocoins on computer?
It is really easy now.
First,
decide what you should mine.
Visit this site
http://dustcoin.com/mining to check what is more profitable now.
Important scrypt (like litecoins) is 1000 more complex than SHA-256 (like Bitcoin) – be careful
Currencies change very quickly – check it from time to time
Compare speed of different hardware:
Here you can find the info about speed for mining scrypt coins (like litecoins )
https://litecoin.info/Mining_hardware_comparisonAnd from
https://en.bitcoin.it/wiki/Mining_hardware_comparison find info for mining SHA-256 like Bitcoin
After you compared and chose coins and hardware,
Download initial software for your coins. It include wallet, and you can create yours then.
Find and select the pool, where you will mine.
NOTE! Mining on your own affordable only, if you have really heavy hardware, if not then it is better to connect existing pool. List for litecoins pools -
https://litecoin.info/Mining_pool_comparisonRegister your own id on selected pool
Create worker! (After your ID you could create lots of workers, normally one worker for each PC, so you need at least one)
Select software for mining.
There are lots of different software depending on coin, hardware, pools, operating systems and etc.
I recommend GUI Miner script
http://sourceforge.net/projects/guiminerscript/ as it for Windows based on cgminer, cudaminer and reaper
Already included setting for popular litecoin pools, has settings for AMD Radeon videocards
What to do with coins?
Buy goods or exchange them into money
Go to
https://www.cryptsy.com for exchanging from different coins to Bitcoins or Litecoins, then go to Mr. Gox or btc-e to exchange them into real money.
Have a nice
BTCNice Welcoming and meaningful Guide for him...Thanks
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Thank you. This is very useful.
I want to do mining with my PC, and I find it's hard to get coin.
Now I want to by the hardware to get started!