Not to worry, it will take only a few minutes to complete registration.
Simply select your power plan and pay for it. Use Code DG4EA8K3 to get Discount.
Now you all set up and ready to collect freshly baked bitcoins. START NOW.
Hashing24 provides turnkey renting solutions from the largest bitcoin mining data centers.
Official reseller of industry leading companies
Data centers in Iceland and Georgia
The newest ASIC chips
Air and immersion cooling technology
Ultimate performance at low cost
100% uptime guarantee
Payout is based on overall network hashrate.
Efficiency is what drives the margins in Bitcoin transaction processing. As more miners compete to find a block the difficulty of the network rises respectively. When the network reaches the saturation point, the miners who are most efficient will make the most profit. The modern ASIC chips from BitFury deliver the maximum performance and efficiency possible.
Hashing24 was made by professionals for individuals who want to get involved in bitcoin mining.
Here explained how this process actually works
What Hashing24 offers
Stable Hashpower 100% Uptime
Mining with BitFury – Industry Leader
Instant Deposit of Coins to Your Wallet
Legit Mining – All Coins are Newly Generated
Maximum Efficiency with High End Equipment
Once you successfully purchase a host on Hashing24.com, you are eligible to keep earning for life. This means a single investment of about $100 could be your gateway to a lifetime opportunity of earning on daily basis. The only thing required to enjoy this is a daily maintenance fee of $0.00057 per GH/s and this is not much when compared to what one stands to benefit. You don’t need to pay this yourself from your wallet since automatic deductions will be made from your account balance. However, if your account balance is not enough to pay the maintenance fee, you are free to send it from your bitcoin wallet to prevent your account from being deactivated. If you ever find yourself in this situation, just take it that you are investing for the future and you can be certain that before long, your earnings from the company will far exceed the little daily maintenance fees. Remember it’s a sacrifice worth paying for an account that is to last forever.
In this opportunity we give an overview of our experience using this service, which – unlike many others in the market – uses a digital currency as the main currency for the conduct of commercial operations.
Whaleclub is a platform exclusively designed for the exchange of currencies and digital currencies, whose operation is very similar to other platforms on the market. However, it presents a fundamental difference in relation to similar proposals, and is that it works exclusively using Bitcoin as currency to carry out the respective commercial operations.
In the words of Jessica Lee – director of business relations – during an interview with the Brave New Coin news portal, Whaleclub’s idea began to be something very different from what it is today, since despite being operational since Much earlier, was precisely in the month of October 2015 when it was launched with the bulk of its properties that remain until today. Previously the platform was simply or just looked like a BTC browser in which the prices of the Cryptomoneda could be monitored in various markets, and compare the economic indicators associated with it in relation to those related to other currencies, both legal and digital .
Among many important aspects that can be highlighted from the platform, perhaps the most important entry is the fact that when trading directly with Bitcoin users do not need to manage anything beyond an external BTC purse offered by the exchange service. This model of operations leaves aside the need for its users to give large amount of personal data since it only requires an email and a password as the only mandatory data. It is not necessary to have bank accounts, since the operations will be processed exclusively with digital assets. Likewise, it is not affected by regulations and legal frameworks that traditionally apply to the handling of legal tender assets.
The company is headquartered in Hong Kong and is under the management of Whaleclub Limited. According to Petar Zivkovski – area operations director – and Jessica Lee, the original goal behind the creation of this platform is to make the exchange process a much more friendly and simple experience, translating into something that impacts and motivates Its simplicity being able to attract many users of Bitcoin.
Whaleclub History: An Innovative Proposal
As already mentioned, although the creators had a proposal to generate an exchange service, the platform originally started as a different project that was not far from proposals such as Bitcoin Wisdom – page that brings together a large number of indicators and graphics associated with the price Of the digital currency in different latitudes and markets. However, from October last year, after the incorporation of Zivkovki and Lee to the work team is that the service began to push more strongly its model of operations until seeing it realized.
After months of hard work, finally in January 2016 the exchange service officially opened its doors and managed to reach more than 7,000 users distributed in 160 countries. A month later, the platform had processed more than 100,000 operations with a volume of more than 10 million dollars.
In addition to the aforementioned individuals, the team has participants who have extensive experience in the field of cryptomonedas, such as Jenny Blanche, director of the area of customer support; Christian Krause, head of security; And Ian Glindo, responsible for the area of product development.
The exchange platform is completely open so that until the moment its access is not restricted in any country, so that anyone interested can enter it and open an account without any minor complication.
To open an account on the platform you must follow a few simple steps. The first step is to have an email address and a password must be entered.
Once this is done, the platform takes us to another page where we must enter a username and one of our personal names to include within the emails sent by the page. Once this is done, the user must check the email with the confirmation code sent by Whaleclub and enable it by clicking on the respective link to enable our account within the exchange service.
Having completed the previous steps, you only have to return to the home page and enter our accounts with our data. In case the user so wishes, it can activate a system of verification of two factors which can provide a higher level of security to your account.
Once inside, a message of welcome to the platform appears with some general considerations to guide the user on the aspects and elements of which it can make use. A very interesting element is that the service asks if we prefer that our balances are shown in dollars or Bitcoin, making it very clear that this is an element clearly associated with the nomenclature since all operations are done exclusively with the digital currency.
As we can see, at first glance the page shows us some interesting options. If we go from left to right we can see that the platform endows the user with a series of economic indicators that are there to illustrate in relation to the exchange rates for crypto and for other currencies (incorporating indicators of high or low volatility). There are also other tabs, one related to proposals that some users make in relation to business strategies, and another that reports on the most emblematic news published in various digital media related to the economy of the digital currency.
The platform on the same screen has a chat where you can chat with other users online, either to share experiences or raise doubts.
Towards the center we find a graph associated with the indicator selected, ie if we want to follow the price of Bitcoin or another currency against the dollar, we just have to click on the option that contemplates its price. We also have different tools, among which the possibility to draw own lines and set alerts in case the indicators exceed or are below certain reference measures.
In addition to this type of view, the platform has an additional modality under which it can organize and present data related to the prices of the selected item. If we click on the associated indicator, the view changes from classic to “Turbo Mode”, which means that the market indicators are tracked second and second in a more precise and detailed way.
To add funds to the account, simply click on the deposits option and a small window will open in which we will have an address and a QR code, through which we can make the transfer for the amount of BTC assets desired since An external wallet or purse. The process is quite fast because when registering the transaction in Blockchain, the assets are already available in Whaleclub to do the negotiation. Keep in mind that the minimum quota to make purchase orders is at least 0.1 BTC (In case of being lower than the figure offered, a red indicator will appear at the top of the screen).
Purchase orders are made very similar to other exchange services such as Coinbase or Kraken. Users must set an offer and may assign indicators and / or warnings to alert in a timely manner in case the market is approaching the expected value.
In case of wanting to make a withdrawal of funds, this can be deducted from the positive balance with which it is counted in the page. For this, only the amount to be withdrawn should be indicated and provide an address to which to send the respective assets. In case the requested amount is higher than the one that is enabled (due to the fact that there are deposits yet to be fully confirmed), the transaction must be completed through the Blockchain to fully dispose of the respective funds.
Finally, the platform does not charge any type of commission for the operations carried out within it beyond the equivalent of 0.001 BTC for the withdrawals made.
As we could prove, Whaleclub is certainly a fairly friendly platform to conduct business operations. With the novelty of using Bitcoin as a negotiating currency, it prevents the user from carrying out cumbersome processes related to the linking of bank accounts and verification of documents. At the same time, it has a wide range of tools that facilitate the person to be able to follow up their purchase orders, while also allowing the commercial indicators to be constantly monitored. And the main advantage is that their access is not restricted to any country, so that interested people can take their business operations safely without having to be affected by the regulatory measures they apply in different nations.
For more information, we recommend that you access the website of the platform by clicking here.
Coinizy is one of convenient site for en-cashing your bitcoins directly to your OKPAY, MASTERCARD, PAYPAL, WESTERNUNION,OR BANKWIRE TRANSFER..Coinizy is a bitcoin-to-fiat only exchange,they DONT retain bitcoins in anticipation of further bitcoin withdrawals, like some bitcoin exhange site do. When you convert your bitcoin , they’re instantly sold for dollars that goes directly to our bank account.
Most convenient is to use their virtual debit card, and what good about coinizy is the No KYC documents are required in order to buy and use the Virtual Coinizy Visa Debit Card.
Coinizy has been founded by Yannick Losbar, a seasonned entrepreneur who has worked for several years in various sectors of the payment industry such as payment processing, digital (but not yet decentralized!) currencies, and premium phone billing (Voice/SMS+).
In 2011, he launched one of the first “Mobile phone credit to Paypal” services in the world, NoelCash, to enable teenagers and other unbanked populations to fund their PayPal accounts in a quick and easy way. Following the sale of NoelCash in 2014, he discovered the world of bitcoin and realized how inconvenient the existing buying/selling methods were.
Yannick has since made several appearances and lectures at bitcoin conferences such as Inside Bitcoin and contributed for several months to CryptoCoinNews while working on the release of Coinizy.
Demo for Coinizy Account
Coinizy prides itself on providing transparent and comprehensible fees for their visa virtual cards only. They only provide cards in US dollar (USD) and only accept payments in Bitcoin.
Compare all of Coinizy’s Bitcoin Virtual Debit Cards
At first glance, Rollin.io doesn’t appear to be just another dice site because it does have a feature of its own worth paying attention to: the completed roll is displayed in a LED graphic, with a different color depending if you win or not. Keep reading this review to see what this site has more to offer.
Rollin is a dice site although it does not seem to look like one at first glance. The virtual LED digital display looks like some timer but it is actually what indicates if you win or lose. It serves as the indicator for the completed rolls. It shows numbers in different colors, green for a win and red when you lose. It features an aesthetically and functionally pleasing interface that you rarely see or you may have not seen before. The system for betting is not complicated. Even better, the system is provably fair. If you have been to many dice sites before, you might think that Rollin is offering something that rolls most of the advantageous features of these sites into one compelling bitcoin gaming site.
You will not find a long list of winners on the homepage here, unlike what other dice sites have been accustomed to doing. Moreover, the game mechanics are very simple. You just have to place a bet and then decide whether the result will be high or low. That’s all there is about the game play. It’s simple and easy, just like how dice games are meant to be. Rollin provides dice gambling enthusiasts an excellent option.
Account Creation But You Can Elect to Log In Traditionally.
Beside its unmistakable look, Rollin is additionally not the same as numerous other bitcoin betting destinations since it doesn’t oblige players to experience the commonplace enlistment process. Rather, it consequently makes a record for clients. You ought to have the capacity to effortlessly see this. There’s a record connection to the upper right corner of the landing page. On the off chance that you drift your mouse pointer on it, a drop down menu shows up, displaying the accompanying alternatives: Profile, Affiliate, Transactions, and Sign out. In the event that you tap on it, you will be conveyed to your Account page.
Your record permits you to alter your username, include a watchword, enter a recuperation email, empower two-variable confirmation, and include a crisis address. In the event that you include these points of interest, you will have the capacity to sign in customarily later on (by entering your username and password).
The Rollin Game
So what is the Rollin game all about? Well, as already mentioned, it’s an online dice game that focuses on the use of bitcoins. When you play, you just have to set your focus on the section shown below. A summary of the steps in playing is provided below:
Place the amount of BTC you want to bet.
Click “Roll High” or “Roll Low” You click on high if you think the result will be higher than the amount indicated on the Prediction box, low if lower.
Wait for the result.
Provably Fair Gaming Platform
Rollin is running on a proprietary gaming platform. It is in HTML5 and fully browser-based. There is no need to download anything, not even a browser extension like Flash.
As already mentioned earlier, Rollin is also a provably fair gaming system. The site has a button that readily shows the server seed hash and client seed that can be used for testing the game’s fairness. More details about this provability are shown in the site’s Provably Fair page. We can say that we have no reason to doubt the claims of fairness in this Rollin review.
To help guarantee fairness, Rollin keeps a record of all game histories. They are removed, however, after a period of two weeks.
Moreover, Rollin comes with a chat facility that allows players to communicate with each other.
Rollin, for now, only accepts bitcoins. For those who don’t have bitcoin wallets and bitcoins yet, the site recommends getting them from Coinbase, Blockchain, Bitstamp, BTC-e, and Localbitcoins. The team behind Rollin will also provide assistance to those who may have difficulties setting up their bitcoin wallets and getting bitcoins through email support (firstname.lastname@example.org).
There are no limitations imposed on deposits. However, 1 confirmation is required before the deposit is credited to your account.
When it comes to withdrawals, a minimum of 1 mBTC is required. There is no maximum withdrawal amount set but a transaction fee of at least 0.1 mBTC will be charged. Also, 2 confirmations are needed to process a withdrawal.
Rollin’s official FAQ page states that a maximum payout of 6,900 mBTC is set for each individual bet.
Receive Bitcoin Payments easily to your Payment Account
Receive Bitcoin Payments Easily. Without any trouble or hassle. Receive settlements to your bank, PayPal and using other methods. Settlement to 120+ countries.
Accept payments with API
Accepting Bitcoin payments programmatically can be cumbersome at some times. Use our simple and straightforward API, and start accepting Bitcoin payments with no hassle. As soon as they hit 6th confirmation, Bitcoinside will pay you the equivalent in USD.
However, if you don’t want to receive bitcoin payments with API, you can also generate Bitcoin addresses (manually) at your Dashboard in a single click. Accept instantly, and receive a settlement to your favourite payment processor.
Are you a website owner, and do you want to accept Bitcoins payments? Bitcoinside offers you the right and easy-to-use utility to receive bitcoin payments in 5 minutes or less. Accepting Bitcoin payments with Bitcoinside is truly easy.
Bitcoinside have proper tools to inform you about the payments, help them process instantly with no efforts and safely. Apart from that, your received Bitcoins would be converted to USD immediately at 6th confirmation and then you may be able to receive a settlement to your favourite payment processor.
You can get yourself able to receive bitcoin payments at your site in just a few lines as shown.
Accept Bitcoin payments using our platform with ease, and withdraw to your preferred payment option. Bitcoinside offer more than 5 payment options for your Bitcoin settlement. You can easily accept Bitcoin payments with ease, and withdraw them as soon as they hit 6 confirmations.
Bitcoinside services are available to more than 120 countries around the globe. Accept Bitcoin payments easily and safely with our API tools.
Bitcoinside programmatically calculate the rates ourselves. Bitcoinside do have to sell the Bitcoins at a lower late (right?), therefore Bitcoinside calculate the rates from our partners and then decide which one would be the most appropriate according to our trade engine.
Bitjoy is the world’s first bitcoin platform for mobile bitcoin rewards and in-app purchase.
Bitjoy, the world’s first bitcoin-based user engagement and in-app purchase platform for mobile app developers, enters public beta this month. With support for iOS, Android and Unity, Bitjoy empowers thousands of mobile app developers with the ability to accept bitcoin for in-app purchases and reward bitcoin to users completing engagements within their apps.
Bitcoin Froggy is a twist on the latest “Road Crossing” genre of games. When you collect coins, you earn real Bitcoin! We utilize Bitjoy, a new service for apps that streams in-game payments to you as you complete objectives.
Beware of treacherous obstacles like saw blades and fireballs while collecting as much bitcoin as you can. Don’t go too slow or something… just… might… GET YOU.
Fly through space blasting aliens in this throwback to and earn real Bitcoin while doing it!
It’s easy, for every enemy you kill you get several coins and for every 100 coins you collect you’ll earn a bitcoin tip. You don’t even need a bitcoin wallet to get going and see your rewards stack up! Our app utilizes Bitjoy, a new service that allows us to tip you during gameplay. What are you waiting for!? Download NOW FOR FREE!
1. SIGNUP2. INTEGRATE3. SEND AND RECEIVE
Create a Bitjoy developer account where you can configure your app.
Integrate one SDKs into your app.
Reward your players for completing objectives or accept bitcoin for in-app purchases.
Reward your players with bitcoin for completing objectives. Incentivize loyalty and create innovative new ways to retain users.
NO WALLET NEEDED
Players can get started without a bitcoin wallet. This reduces the friction for new players – especially those new to bitcoin.
Accept bitcoin for in-app purchases. Withdraw your app sales in minutes, not days.
All transactions are in bitcoin, but developers work with simple USD values.
Player-to-player tipping as well as player-to-developer tipping is built in.
Send and receive bitcoin in amounts as small as $.0001 USD with 0 fees. (that’s one-hundredth of a penny)
Understand player engagement, retention and behavior.
EASY TO USE
Topping up your developer balance is as easy as scanning a QR code.
Source : CoinDesk US, December 4, 2015 at 17:01 GMT
Austin, Texas – Bitjoy, the world’s first bitcoin-based user engagement and in-app purchase platform for mobile app developers, enters public beta this month. With support for iOS, Android and Unity, Bitjoy empowers thousands of mobile app developers with the ability to accept bitcoin for in-app purchases and reward bitcoin to users completing engagements within their apps.
Lynn Duke, founder of Bitjoy says, “…as 7-year veteran app developers ourselves, we saw a giant gap between Apple and Google tools compared to what’s available in the bitcoin space for in-app purchase and engagements. We believe bitcoin will create entirely new business models for app ecosystems.”
The platform is running on several apps in the Google Play Store and has been in private beta since September. During that time, over 2 million in-app engagements have been paid out to users.
“As a developer, imagine being able to withdraw your in-app sales in a mere 10 minutes instead of net-30, or imagine saying goodbye to the 30% commission app stores typically charge. Bitjoy enables bidirectional transfer of bitcoin between developers and their users – limited only by the developer’s imagination,” Lynn continues.
Interested developers can sign up at www.bitjoy.io for a free account and to be notified when the SDKs are available for download later this month. Additional features expected to come online in Q1 2016 include player-to-player tipping and global app “pots”.
Bitcoin, Litecoin, Doge, Darkcoin, PeerCoin and 55 other coins are featured with this service – meaning they touch base with whatever payments you want to make or accept on your website. But what is it? In a nutshell, CoinPayments.net acts much like PayPal – a platform which allows you to pay for goods and services without having to directly use your bank account or credit card information. With the surge of new cryptocoins on the web, you’d better keep an eye out on this service as it may be the place to go in the near future for online transactions.
It’s pretty easy – creating an account is free and you’ll only be charged when transactions are being made. There’s a low 0.5% flat fee on all transactions going in and out of the platform. This is a lot lower than the fees perceived by similar services. There are no other fees associated with CoinPayments.net, aside from the aforementioned flat fee.
They provide you with all the tools needed to securely, easily and without any hassle implement their payment method on any website. Once the payment is reached for, the user will be directed to their website where they’ll need to confirm payment, depending on what coins they are using. What’s more – everything is encrypted thoroughly, so there’s no security risk whatsoever. This is very important in today’s day and age, especially when it comes to cryptocoins which themselves are a way to protect a user’s identity.
What is Coinpayments ?
Why Choose Coinpayments ?
Over 55 Supported Coins You can accept them all, or just one; that’s your freedom as a CoinPayments Merchant. Bitcoin, Litecoin, Dogecoin, anyone can do that. What about Blackcoin, Darkcoin, NXT, Ripple? With charity donation voting, we provide an outlet for stable community oriented coins to become our supported coins.
Shopping Cart Plugins Offering plugins for all the popular webcarts used today, WooCommerse, OpenCart, WHMCS, Zen Cart, just to name a few. We are always updating and changing the list to fit the community’s needs. Feel free to send us a request if your web cart is not supported. Some plugins also offer zero confirmation.
Various Checkout Options If you know how to order a pizza online, you can make a purchase using our checkout. With our simple and clean-cut design simply point, click, send coins, confirm and you’re done… or if you’re more tech savvy, we also offer an advanced checkout with more customizable options.
Zero-Confirm Plugin Speedy delivery of electronic goods such as eBooks or software.
Extensive Developer API From simple to advanced we provide the features you need to succeed in your endeavor as a merchant accepting crypto coins.
Auto Coin Conversion We are offering auto conversion for some of our coins, saving you the trouble of moving funds, wasting time and fees.(Easy and Convenient)
To facilitate growth approaching mainstream adoption, registered company Cryptothrift based in Sydney Australia, has undergone rebranding to Bitify.
Bitify offer Bitcoin and Litecoin marketplace and auction site with automated secured escrow service offering buyer and seller protection for up to 30 days.
Bitify is an Australian registered Bitcoin and Litecoin marketplace and auction site. They are currently the number one marketplace and auction site accepting Bitcoin in the world. They offer a safe and secure platform for sellers to list their items for sale FREE of charge and for buyers to bid and buy those items while taking advantage of our 30 days buyer protection and in-house automated escrow service.
Bitify.com is owned and operated by two Sydney based developers who run the site whilst holding down other full-time jobs and raising kids! As such they rely heavily on our great community of users to help us out as much as they can, moderating the site and reporting users. They’re always looking for more help, so if you are interested in becoming a moderator, please let us know. Despite our small team, they pride themselves on providing great customer support. Thanks to the help and support of the community Bitify has achieved steady growth since its launch in September 2013. In February 2015 we reached a milestone of 25,000 users and are regularly topping their record sales figures. Not bad for a business that has never received investment funding!
Bitify is still a young project, with many more features planned over the coming years. My intention is to release a new set of updates and features every quarter, and when they do they will email their users to keep you all informed.
There are few point which they’d like to shed some light on to reduce confusion and let you enjoy a better user experience on the site.
Bitify is a no fee listing site, no sale no fees.
They’re running a promotional offer on all sold items before the end of 2013. Only a transaction fee of 0.001 BTC or 0.1 LTC is being charged across the site.
They charge 1% escrow fees to sellers when escrow is used.
Support digital downloads. In step 2 of posting an item you can upload your digital downloads for an instant delivery upon reception of the coins. Please let the viewers know when your listing is digital so they can dowload it.
They do not store your coins. Although all payments have to go through us for their confirmation system to do its job, funds are released the moment the payment clears. In case of Escrow, they store funds in a cold wallet, a cron job sends any coins to our cold wallet every 1 minute. When an item is marked as received, funds get released to the sellers automatically.
Buyers, please make sure you mark items as “Received” when you’re satisfied with the reception of the item to avoid any delays in releasing funds to sellers.
Buyers and sellers can exchange details through their private messaging system.
Bitify is marketplace and auction site allowing buyers and sellers to transact using Bitcoin. Trading for almost 2 years, the site boasts nearly 50,000 users and several thousand items listed for sale. Business is based in Sydney, Australia, and is registered with the Australian Securities and Investments Commission (ASIC).
While the actual process of Bitcoin mining is handled by the Bitcoin mining hardware itself, special Bitcoin mining software is needed to connect your Bitcoin miners to the blockchain and your Bitcoin mining pool as well, if you are part of a Bitcoin mining pool.
The software delivers the work to the miners and receives the completed work from the miners and relays that information back to the blockchain and your mining pool. The best Bitcoin mining software can run on almost any operating system, such as OSX, Windows, Linux, and has even been ported to work on a Raspberry Pi with some modifications for drivers depending on your mining setup.
Not only does the Bitcoin mining software relay the input and output of your Bitcoin miners to the blockchain, but it also monitors them and displays general statistics such as the temperature, hashrate, fan speed, and average speed of the Bitcoin miner.
There are a few different types of Bitcoin mining software out there and each have their own advantages and disadvantages, so be sure to read up on the various mining software out there.
If you solo-mine, meaning you do not mine with a Bitcoin mining pool, then you will need to ensure that you are in consensus with the Bitcoin network. The best way is to use the official BitCore client.
If you participate in a Bitcoin mining pool then you will want to ensure that they are engaging in behavior that is in agreement with your philosophy towards Bitcoin.
How much bandwidth does Bitcoin mining take? If you are mining with a pool then the amount should be negligible with about 10MB/day. However, what you do need is exceptional connectivity so that you get any updates on the work as fast as possible.
For example, some rogue developers have threatened to release software that could hard-fork the network which would likely result in tremendous financial damage.
Therefore, it is your duty to make sure that any Bitcoin mining power you direct to a mining pool does not attempt to enforce network consensus rules you disagree with.
Bitcoin Wallet Software
The whole point of mining bitcoins is to earn them!
But once you earn them then where do you keep them safe and secure? For a Bitcoin wallet we highly recommend using one where you hold your own private keys in contrast to to a hosted wallet like Coinbase or Circle.
EASYMINER: A GUI based miner for Windows, Linux and Android. EasyMiner acts as a convenient wrapper for the built in CG; BFGminer softwares. It auto configures your Bitcoin miners and provides performance graphs to for easy visualization of your Bitcoin mining activity.
BFGMINER: A modular ASIC, FPGA, GPU and CPU miner written in C, cross platform for Linux, Mac, and Windows including support for OpenWrt-capable routers.
CGMINER: This is a multi-threaded multi-pool GPU, FPGA and ASIC miner with ATI GPU monitoring, (over)clocking and fanspeed support for bitcoin and derivative coins.
If you want to get a better idea of mining without installing any Bitcoin mining software then try Bitcoin Plus, a browser-based CPU Bitcoin miner. As a CPU miner it’s not cost-efficient for serious Bitcoin mining but it helps illustrate the process of Bitcoin pool mining.
TRANSCRIPT – Do it yourself with Bitcoin mining software
What’s going on every one? This is Fredand this Part 2 of our DIY Bitcoin Miner. Today, we’re going to take a look at software.
Okay, so the first thing that you need to do before you could start Bitcoin mining is to sign up for a Bitcoin wallet. Now there’s a lot of wallets that you could choose from but I prefer Circle. Now let’s head over and set up an account. All you have to do is enter in your email and choose a password.
Once you log in to your account you will see a summary of your Bitcoin balance and transactions. But before you can receive any Bitcoins you need to set up a Bitcoin address. You could do so by clicking account settings.
Once you are on the account settings page go ahead and click Bitcoin Addresses. From there click Create New Address. This generates a long string of numbers and letters. This is the address that we will need to enter into our mining pool. So let’s take a look at that now.
There are many mining pools that you can choose from, but I prefer BitMinter as my primary pool and Slush’s pool as my backup. Just create an account whichever one you choose and log in. Your account details page will normally have an auto cash out option.
This is where we will enter in our wallet address that we created earlier. When you have mined enough Bitcoins to meet the threshold it would automatically be transferred to your Bitcoin wallet.
Next, go up top to the My Account drop down and select Workers. This worker information is what you need to input into the mining software so that you get credit for the work that is done. You do not need to secure this information with a difficult username or password because anyone that uses this information will be giving you credit.
Now let’s take a look at setting up the mining software. As mentioned in Part 1 of the series we’ll be using the MinePeon operating system. This can be downloaded from sourceforge.net.
Now this is the image that we will need to write onto our SD card. Another software that we need to download is called the Win32 Disk Imager. This can also be found on sourceforge.net. This is the software that we will use to write the MinePeon image onto our SD card.
Once you have downloaded both files insert your SD card into your computer. Then open up Win32 Disk Imager. Simply select the location of your MinePeon image then select the correct drive for your SD card. All you have to do now is click write. This will write the MinePeon image on to your SD card. Insert the SD card into your Raspberry Pi as shown on Part 1 of the series then power up the unit.
Now sign in to MinePeon by typing in the network IP address into your browser. The easiest way to find this IP address is by logging in to your router and looking for the device called MinePeon. You will then be prompted to enter in your MinePeon’s username and password. The default setting for this is MinePeon for the username, peon for the password. You will see a security warning but do not be alarmed. This is perfectly normal so proceed anyways. You will then be asked to re-enter the username and password.
So again, MinePeon is the username peon is the password. You are now finally in MinePeon’s dashboard. This is where you can monitor the performance of your mining rig. Head up top and click pools. This page allows you to set up your mining pools. As you can see I have BitMinter as my primary pool and Slush’s pool as my secondary. Just enter in the URL of your mining pool, the username and password if you have one.
Then go ahead and submit your settings. You may need to reboot MinePeon after any changes. Great job every one. You are now officially mining for Bitcoins.
All right, so that should be everything that you need to start Bitcoin mining.
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