bitcoin mining HELP

[syfer]

Hi ok so i wanted to try bitming and I have set up everything I have my walet and I have my pool which is  slushpool but I am stuck in how to use and what program do i use?
The worker is set up with default values and their no password that I can set.
I want to know if slushpool is good or is their any alternatives that work?
Also would like to ask what software should i use also.
I want to at least make 0.03083892 bitcon so i want to find out how long this would take?
 

[kuki]

while you can use your GPU to mine using something like Cudaminer, this is pretty 2014.   what you will need nowadays is an ASIC, a seperate device that is made purely for those calculations while mining.

[BenR31415]

13 minutes ago, syfer said:

Hi ok so i wanted to try bitming and I have set up everything I have my walet and I have my pool which is  slushpool but I am stuck in how to use and what program do i use?

Heard good things about BFG miner (I think) and Cudaminer.

16 minutes ago, syfer said:

I want to know if slushpool is good or is their any alternatives that work?

Never heard of it, I've heard good things about Bitcoin Affiliate Network, if you're looking for alternatives.

20 minutes ago, syfer said:

Also would like to ask what software should i use also.

See above.

20 minutes ago, syfer said:

I want to at least make 0.03083892 bitcon so i want to find out how long this would take?

A bloody long time, not to mention that you will burn through hundreds if not thousands of dollars of electricity doing this. If you solo mine, then you have an infinitesimally small chance of "hitting gold" so to speak, which on a typical GPU rig will take something like 10 years on average to do (not recommend, unless you like gambling, in which case, who am I to stop you). If you are smart, you would be mining in a pool, which you are doing.

I'll give you an example (because I don't know what graphics card you are using). My GPU, the r9 280x (actually the most common mining card back in the day) can deliver somewhere around 25 Million hashes per second, whilst consuming around 250W, or around 100,000 hashes per second per watt. An ASIC miner, like the antminer S9 can deliver 14 trillion hashes per second, while consuming 1372 watts, delivering 10204081632.7 hashes per second per watt, being over 100,000 times more efficient at mining. This means that compared to someone with one of these miners, even though you are paying for 1/4 of the electricity of them, the effectiveness of your mining is 576,000 times worse.

This means that in your pool, when someone in your pool hits gold, then you get 576,000 times less share of the bitcoins than the person who has the ASIC, which means you are basically getting nothing whatsoever, not accounting for the fact that some pools only give a portion to the top 10 or top 20 contributors, which you would certainly not be in.

 

If you couldn't be bothered to read the last paragraph, this is what you need to take out of this.

GPU mining for bitcoins has no place in the world today. It may have been all the rage 3 or 4 years ago, but you will get no rewards for it, except the highest power bill out of all your friends. If you do try, you will be hundreds of thousands of times worse off than ASIC miners in your pool.

If you want to get into ASIC mining, then here is a useful video I found a while back, parts are outdated but similar principles. Also, don't give the "my parents are paying for electricity" excuse, you are just being a dog to your parents if you are doing this, effectively wasting their money, not to mention killing the environment.

If for some reason, you really want to mine on your GPU, then you might want to look into litecoin mining, or even possibly dogecoin, but I haven't seen anything on those in a couple of years.

 

Or, you could use your electricity for good to fight cancer with F@Home, with the LTT team.

 

Also, I'm curious as to why you need $40 AUD in bitcoins.

[KuJoe]

Ask yourself this question, if you could make money mining bitcoins off ASIC miners then why are companies selling ASIC miners instead of mining the bitcoins themselves? Now you have your answer on why it's not worth it to mine bitcoins.

[syfer]

Well I am only starting out so I want to use my existing system to see how it goes before i buy anything. 

[syfer]

So what about website  satoshi then as I did see a few.

[syfer]

Ok what about websites that satoshi will this work to generate some bitcoins?

[Imakuni]

1 hour ago, syfer said:

Well I am only starting out so I want to use my existing system to see how it goes before i buy anything. 

Hint: don't even bother. Bitcoin mining is dead for regular folks. It's just not worth it.

[syfer]

ok