Showing posts with label getting started with bitcoin. Show all posts
Showing posts with label getting started with bitcoin. Show all posts

Friday, 10 January 2014

Picked My Coin Network What Now?


Now for me this is where it started to get complicated and really, really confusing so I will try my best to explain this. 
  Once you have picked your coin network you need to download the wallet which will store your coins, now this is important, this writes your coins to you hard drive so always back it up. Once you have downloaded and installed the wallet it will update or sync itself with the previous blocks found, now this can take an absolute age so do not worry if it takes a long time its quite normal. Once your wallet has synced with previous data you will need to add a config file to it, now this will vary for each wallet and each network you are going to use so for me to give an example is going to be very difficult. Most networks will give you a demo config file to upload to your wallet with all you having to do is add a username and password. 
It will look something like this, this is for Betacoin which uses SHA-256, ones which use Scrypt look very very different as you will have to put graphics card settings. These config files need to be placed in the correct folder, click start and in the search bar put in %appdata%\roaming and find the wallet you have installed and place the file in there
 rpcuser=yourusername
rpcpassword=yourpassword
maxconnection=50
rpcallowip=127.0.0.1
rpcallowip=192.168.0.*
rpcport=32332
server=1
listen=1
addnode=76.74.177.244

If you have decided to use something like Primecoin which uses CPU then this is nice and easy you will need to sign up to a pool ypool.net and then download a mining program. Ypool recommend jhprimeminer which is designed to be used with it and is nice and easy to setup as ypool will give you your login worker details. Once downloaded and installed all you need to do is right click on the !start.bat click edit and enter your worker details

Now...

Back to the other coins if you wish to mine these you will need to find a mining pool to sign up to and get the worker details ready to enter into the miner. For SHA-256 and scrypt I would recommend using cgminer, this is the main one everyone uses and there are plenty of guides out there for. I will trry and write a quick guide to setting up cgminer but with all different networks some using GPU's and some using ASIC's it is very difficult to get settings for everyone

Introduction


Ok hello and welcome to my blog, as of today I have officially started mining online crypto currency. Now by all means this blog will not always be correct and will not always possibly give the best advice but this is my experience of what I have learnt so far.
  There is alot involved with mining internet currency and it has taken me a few days of reading and searching google for information to work out where to start and what with. I will be posting bit by bit of what I have found to be useful and what I am currently using. Like I stated before this may not always be correct and up to date but I always searched for something like this and couldnt find anything, if you wish to contribute you are more than welcome to contact me and help out