Likewise, all moderators of this subreddit do follow the Modiquette. If you notice somebody abusing the subreddit rules, please message the moderators with the in question.Īll members of the BitcoinMining subreddit are expected to read and follow the Official Reddit Rules as well as the informal Reddiquette guidelines. Do not beg for donations simply for lending a helping hand.Īnybody caught violating the rules will be banned on sight. Do not ask for other people to mine for your address. URL-shortener services serve no use on Reddit as there is nothing restricting the size of your comment string. Nobody should have to trust you before clicking on a link. If you have questions about mining that alt coin, feel free to ask away! If there is a new alt coin out, this is not the place to discuss or promote it. If you don't have anything nice to say, it's best not to say anything at all. As common as it is in Bitcoin Mining, it is far to risky to be carried out over reddit. Feel free to hawk your wares in our sister subreddit /r/BitMarket - this means no goup buys as well. How to get a refund via PayPal for your Pre-Ordered mining equipment? RULES READ THESE SCARY STORIES FIRST! (us mods tell them to our kids around the campfire) FAQĬan I mine using this old hardware? (CPU? GPU? Abacus?) AutoModerator will clean it up in no time! THINKING OF PRE-ORDERING? It's just below the submission or comment body. More information can be found at the BFGminer github site.WARNING: THINKING OF CLOUD MINING? DON'T! SEE SPAM?Ĭlick the "report" link. This is a running log of what is currently happening with the miners and basic pool information, such as messages of updates and when new blocks are found. A share on a pool is to show the miner has successfully worked out a given problem, so the more shares you can process the better your reward from the pool.ĭetailed information on accepted shares and pool updates. The more hashes that can be processed the faster it is able to solve the problem. So a miner is used to process millions of numbers in an effort to match the hash to guess the original number. A hash is an algorithm of converting numbers and letters into an undecryptable set of characters. The number of hashes a second that can be calculated the better. Current mining speed, typically calculated in megahashes or gigahashes. That’s a lot of numbers, so I’ll make some of them a bit clearer. Finally, the password that was set when you created the worker. The username section is composed of two parts, the username that you use to login to the pool, and worker which is the worker name you gave when you registered the worker. bfgminer -o :3333 -O username.worker:password -S all To do this, providing you're using Slush’s pool, you’ll use the following command: Now you're ready to set your Raspberry Pi mining for Bitcoin. Whilst you are on My Accountclick Register New Worker and give it a name, for example worker, and a password. Within your pool account you have the ability to create something called a worker for each of your bitcoin miners, so you're able to monitor them all separately just in case one should fail.Įach worker has its own login name and password. Next step is to create a worker login account. Once you have created a pool account, you'll need to enter your unique wallet address into the Bitcoin payout address. There are many pools around, in this tutorial I’ll be using one called Slush’s pool: Working as a group, or pool, lets everyone have a chance of earning some Bitcoin. Due to the complexity of mining a bitcoin, it has become unrealistic to solo mine–the act of processing millions of numbers to solve the block problem. A pool is a huge collection of other people working towards gaining bitcoins. If you lose this file, you cannot recover any bitcoins it contained.Ĭreate a Pool Account Once you have a wallet address, create a pool account. Download the client for your computer from Īfter installation, you will have to save a file called wallet.dat, keep this file safe, as this contains your unique wallet address within it, including all bitcoins that you will gain. A wallet is a program that sits on your computer and gives you a wallet address, this is a unique string of numbers and letters that you will use to receive bitcoins.
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