![]() ![]() NB BACK UP YOUR WALLETS ON PC AND REMOTELY IF POSSIBLE AND ON AN EXTERNAL HDD - WITH ENCRYPTION Also encrypt your wallets with passwords "Settings > Encrypt wallet" ** Always use the QT version of the wallet. Once registered on a pool you will need to update your payout address to your Wallet address NOTE: It is heavy bandwidth dependable and may take hours to sync on first run ![]() ![]() You will receive a address like this under "Receive" when you open your wallet for the first time : LKeMnV3sdWr1G8aTQ2zYWVeifjGi8Cf1tB THIS IS WHERE YOUR POOL WILL PAY YOUR COINS TO! **Here are a few trusted and well established pools ** More are available, I use these personally ** Here you can see the selling price per coin and also see the strongest ranked coinsĬrypto Currencies Market Cap | Bitcoin | Litecoin | Quark | Peercoin But its your choice.ĬoinWarz - Crypto Currency Mining Profitability - Bitcoin & Litecoin Mining Calculator ** Here you can enter your expected hash rate to see which coin will be more profitable. If no exchange accepts them you will not be able to trade/sell your coins into Rands! Remember that alt coins seem more profitable but keep in mind where you are going to sell these coins. **Bronze/Silver and under are not efficient enough and will cost you more electricity.Ĭhoose your coin This will determine your pool. Only buy Gold rated or Platinum rated (when affordable) **If you run linux make sure your onboard LAN is driver supported.ĪMD cards 1x to 7x R9 280x = 4GB for Linux 8GB for windows per rig.ĭepends on your GPU's, do not overload your PSU. ** Ivy bridge and up supports up to 7+ cardsĭepends entirely on how many cards you want to run. ** Sandy Bridge and under supports max 6 cards Ask an electrician for advice if you have any concerns.īuy the cheapest for your motherboard, it has NO effect on mining hash rate. Take in consideration everything else running in your house on the same breaker. 15 amps breaker can handle max 4500 watt+- only use 80% so stay close to 3500 watt per plug/breaker. *** Do not overload your PSU's, Do not overload your wall plugs and DB board circuit breakers. ** The 7990 MALTA edition is NOT recommended for mining, it uses 500Watt Power when mining this WILL blow your PSU melt cables etc. This is a rough estimate of the hashrate of different cards, with the power use in brackets: Most important part of mining is choosing the correct hardware. Wallet Virtual wallet to store all your coins on your PC.Įxchange Website to trade sell and buy coins. Note that Scrypt mining uses Khash (Kilo Hash) and Mhash (Mega Hash) whereas Bitcoin uses Ghash (Giga Hash) Your hash/hash rate is your speed that your rig/miner is working/mining at. Hash / Hash Rate Most important term in mining. Worker This is a unique username and password created on the pool (NOT your login username and password) The worker will report to the pool what your miner is doing. Please find a list of trusted pools below. Be warned, There are good pools, bad pools and scam pools out there. Pool - This is a website where you will register an account. Miner - Program or application used to make your GPU's do the workload (cgminer, sgminer, guiminer, multiminer etc) Scrypt - Algorithm used for Litecoin, Feathercoin, Dogecoin and other scrypt based mining. Sha-256 - Algorithm used for Bitcoin mining and other sha-256 mining, Not profitable on GPU mining anymore due to ASICS (NOT covered in this guide ) Crypto Refers to all virtual currency like BTC LTC FTC DOGE etc.Ĭoin - Virtually currency awarded for mining like BTC,LTC,FTC, DOGE and so forth.Īlt-Coins Alternative coins, they jump up overnight with high profitability but mine these with caution. ![]()
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