How to Mine Bitcoin: The Easy Way
For some, setting up your workstation to mine cryptocurrencies may seem like a hassle. In reality, it's fairly simple with one simple program.
Mining cryptocurrency might seem like jumping hoops and an overall hassle to try and do. With the right tool, it’s actually not very difficult at all to begin mining your first crypto dollar. Now, you come here for straight, right to the point news, not an elaborate post explaining why you should and shouldn’t mine, what kind of hardware you’re going to need to purchase, etc. I at least expect you to have a mid-range graphics card, if you do not have a graphics card or have a, say, GTX 750 or R9 290, then I would not bother mining at all. If anything, you would be losing money instead of getting any, since old graphics cards are inefficient.
First of all, don’t expect to be making a fortune every day if you don’t have over two-hundred dedicated mining rigs. If you have a casual gaming computer or just a gaming computer in general (or really any desktop with a decent graphics card), chances are you’ll make a ~$1-3/day, and that’s assuming you will be running it 24⁄7, which you obviously do not want to do considering you’ll want to use your computer for other tasks. But don’t worry! It builds up, and eventually, you can cash out to Coinbase, without a fee, or your favorite wallet, with a fee.
All you need to do is register an account @ NiceHash. Then, you will want to head over here and download the program. Now, after installing and running the program, it will download some miners. These are required programs so your computer can mine cryptocurrency. Unfortunately, Malwarebytes, among many other popular anti-virus solutions including Windows Defender, detect these as viruses. Simply allow the path,
C:\Users\%USERPROFILE%\AppData\Roaming\nhm2 to your “Exclusions” list in your anti-virus, and you should be good to go.
After downloading and installing all the necessary files, NiceHash will benchmark your computer to see what mining algorithm performs the best on your machine. This can take up to twenty or so minutes, so go grab a cup of coffee or some tea.
Once you’ve come back, you’re going to want to click on the `Wallet` button on the top left corner of the NiceHash Miner. You’re then going to want to enter the email address you registered your account with, and click `Save`. After that, all you have to do is click the `Start` button in the middle and bam! You’re mining yourself some cryptocurrency. An additional detail I should include is that you are going to be paid out in Bitcoin. Even though you may be mining for other cryptocurrencies because of the algorithm you’re using, you are going to be paid out in Bitcoin regardless of this fact. If you want to stop the miner, click `Stop` and it will almost immediately stop utilizing your computers graphics card and/or CPU for mining cryptocurrency.
What do you think? Is this the easiest method for beginners? Let us know in the comments below!