I’m going to assume that you already know what Bitcoin Mining is and that you’re interested in mining it. If not, I highly recommend reading through this article from the website BitcoinTalk.org. It’s a good introduction to the concept of cryptocurrency, as well as its history and future potential.
If you’re still not convinced about mining, then please just go away. Mining isn’t for everyone, but if you’re reading this it’s probably because you’ve got a high tolerance for risk and like taking on new challenges; if so, read on! This guide is written with the assumption that you’re using Windows 7. If you are not, then I highly recommend researching how to install drivers for your graphics card on your own operating system.
This guide is aimed at those who are interested in beginning to mine Bitcoin with their graphic processing unit (GPU). Mining is a process that involves using your GPU to perform complex mathematical operations for the Bitcoin network in exchange for newly-created bitcoins and transaction fees. Earning money this way requires an investment into software and hardware, as well as a familiarity with terminal commands and programming. If you’ve read this far and still think you might be up for it (despite all the risks), then please read on!
- The first thing you need to do is download the program CGMiner.
- I recommend downloading the latest version of CGMiner, which is 3.7.2 at the time of this writing. You can also get it from SourceForge if you want to go that route; there are some advantages to doing so, but they are beyond the scope of this guide.
- The next thing you need to do is download the program AMD APP SDK. You can get it here. I recommend downloading version 2.7 of this software, which is the latest version at the time of this writing.
- Finally, you need to download the program AMD Stream SDK. You can get it here. I recommend downloading version 0.5 of this software, which is the latest version at the time of this writing.
- Once you have all of the above, your computer will be ready to mine.
- If you’re interested in mining Ethereum with your AMD graphics card, be sure to download the right software above.
- You can also mine other altcoins, but in my experience, Ethereum is the most profitable.
Mining cryptocurrencies such as Bitcoin relies, first and foremost, on the SHA-256 hashing algorithm. First, we will discuss the fundamentals of mining in general. Mining is the process of adding transaction records to a public ledger of past transactions. This creates new blocks, which are added to the blockchain and distributed to other miners. The mining process also involves verifying these transactions as well as creating new coins in the system.
We will discuss the fundamentals of mining in general. Mining is the process of adding transaction records to a public ledger of past transactions. This creates new blocks, which are added to the blockchain and distributed to other miners. The mining process also involves verifying these transactions as well as creating new coins in the system.
The mining process also involves verifying these transactions as well as creating new coins in the system. Mining is the process of adding transaction records to a public ledger of past transactions. This creates new blocks, which are added to the blockchain and distributed to other miners. The mining process also involves verifying these transactions as well as creating new coins in the system.
