Mining help?

[IBIubbleTea]

Hey guys, I want to start mining coins but I'm unsure on what to mine(Litecoin, Dogecoin Bitcoin, etc..., what program to use, what pool, how to check how much I have made and how to turn it into real spendable money. I have a R9 290 gpu and a i7 4770k if that is matters..

 

Some help would be nice. (: 

[IBIubbleTea]

It usually goes something like this : GPU > OS > Miner > Pool > Wallet > Exchange > BTC > USD > Bank.

Okay. What program should I use? What pool should I go with? 

[IBIubbleTea]

GUIMiner and Middlecoin pool for beginner. 

Also I see your living in BC, Do you mine? 

[IBIubbleTea]

Yes.

May I ask,(you can answer if you want) Are you still going to mine when I prices of power go up by or around 20%? 

[IBIubbleTea]

Yes.

 

https://www.bchydro.com/accounts-billing/customer-service-residential/residential-rates.html

What coin should I mine? 

 

Edit. I think I should mine Dogecoin but how...? 

[osman99]

What coin should I mine? 

 

Edit. I think I should mine Dogecoin but how...? 

I would mine dogecoin and primecoin AT THE SAME TIME(Woah Right) bcuz doge is the most profitable gpu coin, and primecoin is cpu only; although it isnt the best to mine, its what i mine with the exact same processor

[IBIubbleTea]

I would mine dogecoin and primecoin AT THE SAME TIME(Woah Right) bcuz doge is the most profitable gpu coin, and primecoin is cpu only; although it isnt the best to mine, its what i mine with the exact same processor

I'm going to try cgminer and fast-pool... Just GPU mining for me atm.

[Virgule]

Hey guys, I want to start mining coins but I'm unsure on what to mine(Litecoin, Dogecoin Bitcoin, etc..., what program to use, what pool, how to check how much I have made and how to turn it into real spendable money. I have a R9 290 gpu and a i7 4770k if that is matters..

 

Some help would be nice. (: 

You can mine with your current system but it's more usefull and more performing to mine with a dedicate separate mining rig with more than 1 GPU. However, to try it out you can totally mine with what you have now.

 

HOW TO MINE

everything is here, just read and understand it

 

1- Dowload cgminer (I'm using version 3.7.2) and create a .bat file pointing to the executable.

 

2- Subscribe to a pool of your choice. Depending on what you want to mine and what type of payout you want, you'll choose a pool. You basically don't want to mine anything that's ASIC based. I suggest mining dogecoins on multipool.us.

 

3- Login to your pool account and create a worker and its password.

 

4- Go into the HOME or STATS or HELP portion of the site to try and locate the port information (should look like this : -o stratum+tcp://pool1.us.multipool.us:7777 -u username.1 -p x , with username.1 being username (of the account).worker name and -p x ,  x being worker password)

 

5- go to https://litecoin.info/Mining_hardware_comparison and locate your hardware. In the 8th column will be the cgminer settings you'll use for startup.

 

6- Open the .bat file with wordpad and paste the following information :

setx GPU_MAX_ALLOC_PERCENT 100

cgminer --scrypt --thread-concurrency XXX -I XXX -w XXX -g XXX [COPY POOL INFO HERE] 

 

7- Replace the "XXX" with your hardware's recommended settings (see 5-) and replace [COPY POOL INFO HERE] with your pool's port and user info (see 4-)

 

8- Open the .bat file by double clicking.

 

9- IMPORTANT : spot the field named HW: right away and see that it remains 0. If there's a non 0 number there and/or if its growing CLOSE CGMINER RIGHT AWAY. Revise your settings (typically the -I setting in the .bat file is too high)

 

10- Second thing to look for in cgminer window is the temperature of the gpu. See that it stays at a stable "acceptable" temperature. If it rises too much, change fan speed, overclock settings or .bat file settings (typically in this order) )

 

11- Third thing to look for in cg miner window is the hashrate in KH/s which will vary every second or so. Look that it reaches approximately your hardware's typical hashrate (see 5-). If wanted, revise settings (see 10-)

 

12- Log into your pool account and find your statistics. See that the pool detects you mining (info in your pool account can be delayed) and that your worker is mining.

 

13- Download the wallet of the currency you are mining. Run the application and wait for it to update (can take a while, you can do that first as well)

 

14- Once your wallet is updated, find (or create) your reception address. Copy it.

 

15- Paste that address as your payout address in your pool account. You can chose the threshold at which it makes a payment.

 

16- Once you have a decent amount in your wallet you want to sell, you'll typically want to trade it for Bitcoins first. Go and check Cryptsy.com.

 

17- Once you have a decent amount of Bitcoins to sell, you'll want to find a site that can do such a thing in your country. I live in Canada and use CAVirtex. You will have to create an account and authenticate it with proof of residency, ... Once it is done, make BTC deposits there and sell for USD/CAN , then make transfers to bank account / paypal.

 

18- PROFIT.