how to mine bitcoins on linux

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How to mine bitcoins on linux marshalls world of sport online betting

How to mine bitcoins on linux

It's utterly and completely pointless. The effort alone of writing this post, let alone reading the answers and setting up a miner, won't even remotely be repaid by the ridiculously tiny amount of coins you'll generate. Oct 10 '11 at Show 1 more comments. Active Oldest Votes. Before you go through all this work, it is important to know what to expect from your hardware.

That's it. You can now see your progress at the pool's website. Useful links: What is a Mining Pool, what is it good for? Is CPU mining even worth it? Improve this answer. Please note that despite all the upvotes, this answer is severely outdated. RentFree Can you make an answer to reflect the current situation, please? Not always true for some of the many altcoins out there that you can quickly exchange for BTC then cash.

Since the principle is the same for most altcoins, I'd say this answer is plenty updated. Add a comment. Monitoring When mining you want to ensure maximum possible up time as whenever you have hardware not hashing you are loosing money, So its pretty important to setup some kind of monitoring for your devices. Might be worth to add that mining Bitcoin specifically is rarely profitable as the Bitcoin mining market is very close to a perfect competition one, so profits tend to fall rapidly to almost the equilibrium point.

Unless you can get a 2nd hand ASIC really cheap or electricity for free, most probably it won't be worth it. What's usually more profitable, as of now, is mining alt-coins and exchanging them for bitcoins Luigi Agosti Luigi Agosti 1 1 silver badge 4 4 bronze badges. Any experience to share with us?

Yes I'm using it, I started in december more or less. So far I had no issues. Mining is great, you need to be careful and buy at the right price. The price of ghs is changing all the time. People actually tend to earn more on trading than mining.

I had just one issue with accessing the website from a mobile phone. But I found this app that solved the issue: goo. The Overflow Blog. I followed my dreams and got demoted to software developer. Podcast How to think in React. Featured on Meta. Opt-in alpha test for a new Stacks editor. Visual design changes to the review queues. Reminder: Please don't just answer bad questions, edit them into shape. Revisit close reasons in Linked 8.

See more linked questions. Related 5. Hot Network Questions. Question feed. Bitcoin Stack Exchange works best with JavaScript enabled. This article focuses on Ubuntu only, but the configuration and mining process are almost the same in other operating systems as well.

Also unlike some other Miners, it supports obsolete CPU systems as well to make it compatible with older systems. ASIC stands for Application Specific Integrated Circuit designed especially for a particular purpose, and FPGA stands for Field Programmable Gate Arrays which is another circuitry system consists of semiconductor devices based on a matrix of CLBs configuration logic blocks connected through a serious of interconnects which are programmable to fit with a wide variety of functions.

Nowadays professional miners use ASIC systems as its quite efficient at mining Bitcoins much faster, so being supported to legacy system is not much use for professional miners, but for those who are new to bitcoin mining legacy support in BFG Miner may come handy.

And other supporting parameters are following. The following command lines demonstrate how to install BFG Miner. The first command grants the user with the administrator right, the second command updates the package information, third command upgrades all the packages in the system to the latest version, finally the bfgminer package can be installed with the default install parameter in apt-get command.

First of all, a wallet address to receive the mined coins should be there, secondly a pool is necessary to speed up the mining process, thirdly the credentials should be available to access the pool. Advanced section is for demonstrating how to use multiple pools, and how to use the pool over a proxy server. Multiple pools are useful to speed up the mining process even more, but it further divides the block reward among the miners based on the contribution to the pool.

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Viewed 51k times. I don't care if I make only a small amount of bitcoins mining. I want to mine. Is it damn simple, or it's a damn-high-geek-setup? How much should I expect in this simple system per month with my machine on all time? Improve this question. I cleaned up your question a bit.

I advise you remove the last mini-question about how much can you expect, because it's already been answered - bitcoin. Also, I think you should specify Windows or Linux. Or perhaps answerers will provide a generic answer. I'll mantain the last part of the question, maybe someone have a similar system, just that.

If you read in my question " LinuxMint Anyway, truly thank you. It's a "CPU friendly" bitcoin fork that looks relatively promising. It's utterly and completely pointless. The effort alone of writing this post, let alone reading the answers and setting up a miner, won't even remotely be repaid by the ridiculously tiny amount of coins you'll generate. Oct 10 '11 at Show 1 more comments. Active Oldest Votes. Before you go through all this work, it is important to know what to expect from your hardware.

That's it. You can now see your progress at the pool's website. Useful links: What is a Mining Pool, what is it good for? Is CPU mining even worth it? Improve this answer. Please note that despite all the upvotes, this answer is severely outdated.

RentFree Can you make an answer to reflect the current situation, please? Not always true for some of the many altcoins out there that you can quickly exchange for BTC then cash. Since the principle is the same for most altcoins, I'd say this answer is plenty updated.

Add a comment. Monitoring When mining you want to ensure maximum possible up time as whenever you have hardware not hashing you are loosing money, So its pretty important to setup some kind of monitoring for your devices. Might be worth to add that mining Bitcoin specifically is rarely profitable as the Bitcoin mining market is very close to a perfect competition one, so profits tend to fall rapidly to almost the equilibrium point.

Unless you can get a 2nd hand ASIC really cheap or electricity for free, most probably it won't be worth it. What's usually more profitable, as of now, is mining alt-coins and exchanging them for bitcoins Luigi Agosti Luigi Agosti 1 1 silver badge 4 4 bronze badges. Any experience to share with us?

Yes I'm using it, I started in december more or less. So far I had no issues. Mining is great, you need to be careful and buy at the right price. The price of ghs is changing all the time. People actually tend to earn more on trading than mining. I had just one issue with accessing the website from a mobile phone.

While new bitcoin mining software is being developed every year, only a handful grabbed our attention due to their reputation, features, and ease of use. At the top of our list is CGMiner, which we chose as the best overall since its open-source platform can be used on any computer and practically any mining rig. Bitcoin mining software is essentially what makes Bitcoin work. By tracking and securing transactions known as blockchains , users are able to earn bitcoins rather than having to pay for them with actual currency.

Bitcoin mining software can only be used by specialized hardware that is powerful enough to run the complex calculations required to create new secure blocks. In general, it takes about 10 minutes to mine one bitcoin. However, this assumes an ideal hardware and software setup which few users can afford. A more reasonable estimate for most users who have large setups is 30 days to mine a single bitcoin.

Although bitcoin mining software is free, there are tremendous costs involved in both hardware and electricity costs. Mining equipment is also very power-hungry. The drawback is that each miner only receives a small portion of each mined bitcoin. We looked at close to a dozen bitcoin mining software for this review.

At the top of our list was the oldest and most widely used software, which we analyzed for features and ease of use. Next, we differentiated between the best mining software for novices and those for advanced power users. Mostly this broke down into the type of interface command-line versus GUI and ability to either automate or customize mining features.

Finally, we looked for software that could be used on as many platforms as possible and that was compatible with the widest array of mining rigs to give users the most flexibility in their mining operations. Business Wire. Your Money. Personal Finance. Your Practice. Popular Courses.

Cons Better for advanced users Obscure command-line interface Hard to install on Windows 10 computers. Pros Graphical user interface Automated mining features Optimized for Windows computers. Pros Supports more than 25 mining engines Customized triggers and actions Access from any computer, tablet, or smartphone. Verdict While new bitcoin mining software is being developed every year, only a handful grabbed our attention due to their reputation, features, and ease of use.

Can You Mine Bitcoin for Free? Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

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