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Author Topic: Mining Guide (on weusecoins.com) - Needs review!  (Read 3640 times)
Stefan Thomas
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March 25, 2011, 03:29:33 PM
 #1

I just uploaded the first draft for the mining guide. Before I publish it, it really needs some feedback from people who actually do any mining. Let me know if I got anything wrong or missed anything important.

As for the Technical Background section. Note that this is not meant to explain everything there is to know about Bitcoin, I just picked some stuff miners might be interested in. Still, let me know if you'd include something else.

http://www.weusecoins.com/mining-guide.php

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Jered Kenna (TradeHill)
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March 25, 2011, 03:47:59 PM
 #2

I like that you put the disclaimer about it being competitive and not a sure profit.
Also I would clarify more about how much better a GPU is over a CPU and that you can mine for years on a CPU and get absolutely nothing, and statistically even now you will which will just increase.

Also you mention the 5870 I would mention the 5970 (2 5870's in one right?) which is probably the most popular / in demand card.

Looks clean though, I like it.

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March 25, 2011, 04:15:46 PM
 #3

I wouldn't even try to introduce mining on weusecoins.com.  I see it as a site to introduce bitcoin to average users (and merchants).  Average users are not going to be mining.  Mining is enough of a distraction from real uses of bitcoin as it is - we don't need to make it more so.
Garrett Burgwardt
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March 25, 2011, 04:18:01 PM
 #4

I wouldn't even try to introduce mining on weusecoins.com.  I see it as a site to introduce bitcoin to average users (and merchants).  Average users are not going to be mining.  Mining is enough of a distraction from real uses of bitcoin as it is - we don't need to make it more so.

+1
Jered Kenna (TradeHill)
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March 25, 2011, 04:34:37 PM
 #5

I wouldn't even try to introduce mining on weusecoins.com.  I see it as a site to introduce bitcoin to average users (and merchants).  Average users are not going to be mining.  Mining is enough of a distraction from real uses of bitcoin as it is - we don't need to make it more so.

Yeah I'm going to agree with that one but if you're going to put it there then consider my advice from above.

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hippich
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March 25, 2011, 04:52:40 PM
 #6

I also believe there is no need to put articles about mining on sites like this. We already have bunch of kids, who were so disappointed after running their cpu miner for 2 weeks and not getting a single block. Plus - people do not believe that system allowing members to generate money is reliable.

I would suggest to concentrate on easiness of money transfer (it's really easy comparing to other payment systems!), explain more how to get coin (beside mining), etc.

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March 25, 2011, 05:58:02 PM
 #7

I wouldn't even try to introduce mining on weusecoins.com.  I see it as a site to introduce bitcoin to average users (and merchants).  Average users are not going to be mining.  Mining is enough of a distraction from real uses of bitcoin as it is - we don't need to make it more so.

+1

+1

theGECK
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March 25, 2011, 06:13:25 PM
 #8

Firstly, all of us miners have a conflict of interests which may be introducing a bias toward not wanting more people.

With that said, I'm not sure if mining is a viable thing to be introducing most new users. With the advent of GPU mining, the only people that really benefit from mining are those with gaming rigs. The rest of it just gets hopes up from new users. And business owners may be interested in it, but that's not the key for them. So, thank you for the disclaimer up top. I think I would change the warning to:
"Let's be clear about something: Bitcoin mining is a very competitive business. Just as during the gold rush in Alaska or California, many miners will not  make any profit unless they put lots of time, money, and energy into learning how to do it effectively. Mining can make sense if you do it for fun, or if you can do it very efficiently (low electricity and hardware cost)."
Adding a story (Gold Rush) lets people tie it back to something they may already know. We already know that the people who made the most money on the Gold Rush were the merchants, and it's probably going to be true here. ATI will make a killing. Smiley

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You can mine with a CPU, but mining with a graphics card (GPU) is far more efficient. Modern graphics cards let you use their power to solve certain types of high performance computing problems and Bitcoin mining is one of them.

My Edit:
You can mine Bitcoins by using the "Generate Coins" option in the official Bitcoin program, but don't expect anything spectacular! Even the most modern Processors could take years to find a single block. Over time, miners have found that mining with a graphics card (GPU) is far more efficient. Modern graphics cards let you use their power to solve certain types of high performance computing problems and Bitcoin mining is one of them.

"the most cost effective at the moment are..." should be changed to "...at the moment is" since you only listed one card. Giving the most efficient, and the most powerful might be a good idea, and would also give people the idea that the card that does the most work might not be the best choice, and there is a tradeoff for their mining preferences.

Quote
That way you get a steadier income, but give up a small percentage of your revenue to the pool operator.

My Edit:
That way you get a steadier income, but maygive up a small percentage of your revenue to the pool operator.

Also, you should direct people over to bitcoin.org's forums for more information, since there's a number of people who like to help newbs.

Use my referral codes for Bitcoin faucets and I'll send you 25% of my referral bonus - Win/Win! PM for details on all sites available or use one of the links here.

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Stefan Thomas
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March 25, 2011, 11:53:39 PM
 #9

could have mentioned that it is possible to simply buy mining contracts

I'd feel more comfortable if there were competitors to your offering, but I've added it for now.

I also believe there is no need to put articles about mining on sites like this. We already have bunch of kids, who were so disappointed after running their cpu miner for 2 weeks and not getting a single block. Plus - people do not believe that system allowing members to generate money is reliable.

The reason that happens is precisely because there is no good resource that explains to newbies what mining entails.

You guys have made me rethink this though, I guess my approach was wrong. It shouldn't be a tutorial to mine as much as an explanation of mining from the perspective from a non-miner.

Plus - people do not believe that system allowing members to generate money is reliable.

Well, the video already let that cat out of the bag.  Cheesy

But it's fairly easy to explain that the network makes mining barely profitable thereby ensuring that cheap Bitcoins don't flood the market. And that's exactly why we need a mining page - people have to go through that mental process:
"Ok, so if I was mining would I be making huge profits? - Ah, no I won't because X and Y. - Ok, I get why the market isn't flooded with coins."

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hippich
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March 26, 2011, 03:47:39 AM
 #10

Agreed. Describing mining process in general is good. So people understand that it's hard, expensive and not easy to mine coins. But technical details with pools and etc - probably should go away.

FairUser
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March 26, 2011, 07:19:53 AM
 #11

I just uploaded the first draft for the mining guide. Before I publish it, it really needs some feedback from people who actually do any mining. Let me know if I got anything wrong or missed anything important.

As for the Technical Background section. Note that this is not meant to explain everything there is to know about Bitcoin, I just picked some stuff miners might be interested in. Still, let me know if you'd include something else.

http://www.weusecoins.com/mining-guide.php


Positive Feedback: The text color is so light that it's hard to read on some monitors.  A slight bit darker would be easier on the eyes.
Other than that, looks good! Smiley
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