BitCoin mining can be daunting, I know because I have been putting it off. Everything seems harder when you dont understand, until you do, then you regret not doing it sooner. Therefore, I researched so you dont have to.
BTC Address: 3Qci28xP7oDzzxEjWiJE9DrzPFMwb2txmH
Before we begins, let me answer one common question about Mining.
1. Is it too late? I do not believe it is. Just because you are not early to the game does not mean it is too late. More and more companies are excepting BitCoin such as Overstock, Subway, Expedia, Paypal, Shopify and Microsoft. And If you have hardware lying around, that is even better? Imagine this, if StarBucks accepts BitCoin, in only a couple days or day of mining, you can just pay for one.
First, lets find out if your hardware is profitable. Go to NiceHash.com and use their profitable calculator. I have both GTX 1060 and 1080, the 1060 is currently at 1.73 cents a month while the 1080 is 9.42 cents a month. The kWh can be calculated by taking the dollar amount you pay a month on your electricity bill divided by the number of KWH.
If your hardware is profitable, let's begin. Go to NiceHash.com and download their software. After that there are only 3 steps you need to do
One, set up your wallet, this is where you keep your coins. You can use a unique address but I recommend tying your email address as that is easier to remember.
Two, benchmark your hardware. NiceHash accepted both my CPU and GPU on my HP desktop but only the GPU on my Dell Aurora R7. This benchmark will take approximately 10 minutes.
Three, start Mining.
I have only started mining for around 2 days and I have a little over 3 dollars. That is not bad considering I have the machine lying around the house.
After you signed in to NiceHash, you can check your status on their page. You can find daily, weekly and monthly estimate revenue.
But here is my tip, set it up and forget it. Don't keep checking on it to have it consume your life.
Title: BitCoin Mining in 3 Easy Steps
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