Ben Todd | Jun 2, 2017 | 1
How to Mine for Bitcoin Including How to Mine Bitcoin With Your PC
Hey eCheck.org fans, it is currently August 2017, and at the moment it appears foolish to want to mine bitcoin. However, since you asked, here is article that shows you how to do it. As an odd turn of events, it is probably easier than ever to mine for bitcoin, but only because there are apps that allow you to do it. Almost every other avenue in which you may mine for bitcoin has been abandoned and is therefore very difficult to penetrate. Are there still people mining for bitcoin? Yes there are, and if you want to mine bitcoin professionally, then you need to buy the equipment and you need to have the seller set it up for you. The information in this article will get you started.
How This Article Is Set Up
We start with why people are not bitcoin mining from home very much anymore. This article then moves on to ways to mine bitcoin using your PC or your mobile device. The article then moves on to specialized equipment that may be used to mine bitcoin. The final section in this article shows two (of many) attempts I made to try using professional mining software, and they (like all the others) were failures.
Since bitcoin mining is something that larger companies with larger investments are doing, most home-based miners have given up and they are not willing to help others who wish to mine.
Why Are People Not Mining Bitcoin Anymore?
Some people are mining for bitcoin, but they have data centers that are full of mining machines. In order to make a good profit, they are using a lot of computing power. People at home are finding it very difficult to make a profit from bitcoin mining. Even if they are making a profit, the profit seems so low that it is not worth the effort.
There are bitcoin mining pools that offer the only way for people to make a profit at home. You add your computing power to that of many other people’s computers and together you all earn Satoshi bitcoins that are shared out among the group. Sadly, these groups will probably disappear as time goes by and fewer and fewer people are mining at home.
Is It Completely Impossible To Make A Profit With Bitcoin Mining
I am supposed to say no and tell you that bitcoin mining is completely foolish, but that is just not the case. There are bitcoin mining devices out there that will allow you to make a profit. In addition, there are certain circumstances (free power, cheap miners) that increase your odds of making a profit. Also, the cost of bitcoin keeps rising and falling, so even if you make a few thousand Satoshis here and there, you may be able to sell them when the price of bitcoin is very high. A Satoshi is a hundredth of a millionth bitcoin, which is 0.00000001 BTC.
At the time of writing, it took me 6 days to mine 5000 Satoshis using just my PC, and those 5000 Satoshis will sell for $0.21. I could keep my Satoshis and wait a few months for the price of bitcoin to rise so that I get more for my money.
If I were to buy good mining equipment for a very cheap price, and if I were to get free power, then it is possible that I may make a profit after a while. Most online articles say that it is impossible to make a profit, when what they really mean is that it is very difficult to make a profit.
My Personal Favorite App – The Bitcoin Miner From The Microsoft Store
The Bitcoin Miner is my favorite app. If you cannot get to the app via the Microsoft store via that link (for whatever reason), then try a free VPN service and use another server in another country. You should be able to download and install the app using this link:
The Bitcoin Miner (Try this one first if you are living in the USA)
or this link:
The Bitcoin Miner (Try this link first if you are not living in the USA)
Try searching for the Microsoft app store on Google from your own computer. It may be better (though not always) to mine with the app downloaded from your country’s version of the Microsoft store.
Why Is The Bitcoin Miner So Great?
It is great because the competition sucks. I have tried a great many other apps, and almost all of them sucked balls. I have also tried a great many tools and programs that you download onto your computer that were terrible or just plain didn’t work. The image below shows you its very simple interface.
You can see that since my last payout, I have earned 3152 Satoshis. Simply click the big start button to get it going again. The “View Online” link simply shows you the mining pool that you are automatically linked up to, so there is no registration and very little to do. Below is a link that shows you how to install the program and how to set it up (though it takes very little setting up).
Go to How To Set Up And Use The Microsoft Store Bitcoin Miner to see how to set it all up.
Add your wallet address so they may send your Satoshis to you. They pay out every 5000 Satoshis. You may have it running on full power, which slows down your computer. Or, you may set it to power saving mode where it uses a little of your CPU. You may also enable your GPU for extra processing power.
Why I Am Still Mining With The Bitcoin Miner?
My computer is on most of the day as I am working, so I set it to power saving mode and I enable GPU processing via the settings menu on the tool. That way, I am able to keep working on my computer all day without the Bitcoin Miner slowing my computer down in a noticeable way. I figure that my computer is already on all day, and the app is using very little power, so I don’t think I am losing very much from mining, though I am probably not making a profit.
The Downside To The Bitcoin Miner
Besides the questionable profitability of the app, the only other downside is that you have to keep it active. You have to keep it on your desktop while running. If you minimize it, then it will freeze. It runs in the background, so you can do most other things, you just cannot minimize it. For example, if you want to watch a movie with the full screen, then you can do that. However, when you play games, it may minimize the Bitcoin Miner and it will pause the miner. Again, you do not have to visually see the bitcoin miner on your desktop, you can watch things over it, but you cannot minimize it and hide away from your desktop.
Other Bitcoin Miners On The Microsoft Store
There are other miners on the Microsoft store, but I cannot find any that work or that are as good The Bitcoin Miner.
Not all the Bitcoin making apps on the Microsoft store are legitimate. I discussed two of them in this article about paying freelancers where two Microsoft store apps promised me that I could make bitcoin from them and they gave me the royal screwjob. The best and only one I can find on the Microsoft store is my favorite The Bitcoin Miner
Software Miners – Apple and Android Reviews
Here are a few apps that work for Android and Apple devices. Some of them may also be used on Macs and PCs too.
MinerGate Mobile Miner
Pros – Its easy to use, works great on Samsung android phones, and it is free to download on to your phone and/or computer.
Cons – It takes up all your battery when mining, turns off every 2 minutes, and it takes too long to login.
Pros – The app work perfectly and it is free.
Cons – You can’t run it in the background without buying the pro version, and the app itself is only able to run at 1kh/s.
ARM Miner Bitcoin
Pros – Allows you to easily withdraw money from the wallet, it works fine, and it is free.
Cons – It drains your battery, and there are too many video Ads on the ARM Miner that you can not skip. If you want the Pro version it will cost you $9.99.
Pros – Works great with the mining pool called Zpool, it works with Scrypt and Cryptonight.
Cons – Can’t change the settings menu, it has too many ads, and some people complain that it doesn’t confirm any mined blocks.
Pros – The app is easy and simple to use, and it can use up to eight threads.
Cons – You wont get massive hash rates as it is from your phone, you have to pay to use it, and will drain you battery.
Pros – The simple Gminer works great on Samsung phones. The app is very simple to set up and it is free to download/use.
Cons – Needs a tutorial to help people understand how to work the app. There are too many apps pop ups/ notifications while mining and the phone screen won’t turn off when app is mining.
Pros – Works great for Android mobile phones, it is so easy to use, it’s free, and you can use your PC to mine too.
Cons – Can’t use the app on your windows 10 PC, the app shuts down after a time limit, and sometimes people have trouble logging in.
Pros – It has a cool picture, and you can sign in online using your iPhone or Mac.
Cons – Some people are having trouble with the two-factor login process.
Ethereum Mining Monitor
Pros – Great for seeing Ethereum prices in one place, it is very accessible, and its free.
Cons – May be confusing for newbies.
Not all miners come with a power supply, so you will need to buy one yourself. They cost around $150 each, but you may be able to get a cheaper power supply depending on the miner you choose to use.
It is a good idea to buy a miner if you have free electric; if you don’t have free energy, then your power bills will be sky high. If you really want to make money with hardware miners, then get some solar panels, solar phone charger, or invest in anything that can generate electricity that doesn’t cost you extra money in the long run.
You should know that if you are planning on keeping up with modern miners, then you need to buy new technology and sell your old technology as you go. When a new miner comes out, sell your old miner and put the money from your old miner into your new miner.
The AntMiner U1 is a USB miner, and it only costs only $60, but it isn’t very effective. The AntMiner U1 mines a 1.6gh, so it is not going to generate a large amount of bitcoin by anybody’s standards. It is only useful if you have free power and/or you are a hobbyist. Some of the USB antminers require their own power source because your PC may not be able to provide it with enough power.
The AntMiner S1 is one of the next best miners to use at the moment to use. It will only cost you around $85 for the miner, plus whatever it costs for your power supply. The AntMiner S1 mines 40 times faster than the AntMiner U1, but it still won’t make you much money unless you buy many of them and have free power.
The AntMiner S2 is a bit more pricey, costing you around $150, but with S2 you are able to supply more power and increase its output. On the other hand, you still need free power because this baby is going to drink down the juice.
The AntMiner S7 costs around $700, and that is not including the power supply which on its own costs around $150. The AntMiner S7 uses a lot of power, but it also kicks out a hash rate of 4.86 TH/s, and I have had people tell me they can squeeze more out of it.
The Antminer S9 is going to cost you around $2500 if you want it and its power supply. This is one of the only models on the market (without buying industrial equipment) that a home user may buy and make a profit with if his or her has a cheap power supplier. The question becomes if you are going to be able to make enough profit to pay off what your machine cost you, and that assumes that your power company doesn’t increase your energy rates. It hashes at 12.93TH/s, and many people say they have seen it run at 14 TH/s.
The AntMiner S9 uses 0.1 Joules per Gigahash. It is around 2.5 times more efficient than the Antminer S7. The S9’s total power consumption comes to approximately 1350 watts with a 7% degree of variance. That means the S9 uses 300 Watts less than the S7 while still being able to kick out far more hashes per second.
Get Your Ass On eBay And Have Someone Else Set It Up For You
If you wish to go the hardware route, then it is possible to make a profit under a few conditions. Firstly, if the mining equipment you bought isn’t too expensive, then you will probably make your money back at some point in future. Secondly, you need a free or very cheap source of power. For example, if you already have solar or wind power and some of it goes unused, then bitcoin mining may become profitable.
If you are not responsible for paying for your power, then bitcoin mining will be profitable for you, but part of your profits will come from whomever is paying your power bill. Thirdly, you need a good Internet connection and you need to have an unlimited Internet plan because if you are paying for data (like on a pay-as-you-go plan), then bitcoin mining is going to cost you far more than you will ever make back.
If you are able to make a profit with bitcoin mining, or even if you wish to do it for fun, then you need to buy the equipment. However, my research has repeatedly shown that setting up the equipment and getting yourself into a bitcoin mining pools (where your computing power is added with others in order to earn bitcoin), is very tricky. You need to buy your device from somebody local. You need to have that person come around to your house, set up the machine, and then show it mining bitcoin within a mining pool. In addition, you also need to do a bit of research in advance about the mining pool in order to see if it is a good pool, if their donations are not too steep, and if they are honest and fair.
Two Attempts With Professional Mining Programs To Show You How Difficult It Can Be Without PC Or Mobile Apps
Hey again eCheck.org fans, I tried and I tried to find alternative bitcoin mining programs and pools to maybe set up articles explaining other ways to mine bitcoin. Sadly, my efforts all hit dead ends. I am not going to waste your time by writing about every bitcoin miner I tried and failed to use. The two examples below are to highlight the sort of problems you are going to run into. Maybe you can take what I did with my research and get a little further than I did. Let’s start with NiceHash.
I visited the NiceHash home page and scrolled down to find these buttons.
I followed the screen to the download page and I clicked to start the download. Just as it finished, a message popped up about permissions. Before I had a chance to react, my virus checker said that it had been removed.
I am not sure where you want to go with this. Maybe the virus thing was a mistake, or maybe the virus thing was just temporary with the company. Who knows, but that is the furthest I got with this company.
I visited the GUI Miner home page and scrolled down to find a button link that offered the latest version of the GUI Miner. I downloaded it and my virus checker said it was safe.
Unzip the file and put it on your desktop. You then have to click the .exe file manually to bring up the GUI for the tool.
You now have to create a new miner. Go to File, you click on New Miner, and then you click on New OpenCL Miner.
Now, you have to set up your miner. You may use the presets under the toggle called “Server,” but you will discover that some of them have expired. Either they require details to be amended, or the mining groups they mention are no longer in existence.
I encountered a similar problem that many people seem to have with this miner, which is that I finally get it going and mining on my computer, but the numbers never sync up with the mining pool I join. I tried a few, but I never had any luck getting it to connect with the mining pool so that my mining was recorded. The tool was mining, but the pools were unable to verify it, which meant I couldn’t be paid.