Published on May 4th, 2017 | by Soullessone210
How to Bitcoin for Beginners
Cryptocurrencies are now so easy even your Grandma could do it
When the mining craze of BTC and LTC started the Cryptocurrencies were few and the AMD GPU was a must to get mining. Shortly after this ASIC’s and the GTX 750 ti showed promise for Team Green and custom mining machines. As time went on AMD and NVIDIA were abandoned for dedicated mining hardware and hundreds of new currencies appeared. At this point it would seem GPU’s would never see the hum of 100% GPU usage and fan speeds again… untill now. With the birth of new currencies and mining applications gpu and even cpu mining has become profitable again, not only that it has also become dead simple. Today we will get you started with all the basics, nothing more, nothing less.
Step one: A Wallet,
A wallet for Cryptocurrencies is a must whether it be like a bank or like a literal wallet the ability to send and receive your coins somewhere is a must.
Personally I recommend Copay, it is simple and has a application for almost every platform.
You can get Copay here https://copay.io/#download
From there it will walk you through the basic setup and unlike many other accounts this is not setup through a user name but a randomly generated phrase. Save this phrase and never share it as it is your only way to get access to your wallet.
Now you need to click the receive button, from there copy the random key to wherever your going to be mining or where you want your donations to go to, if you want to donate to use the addresses are right here.
Now that you have the wallet you need to move onto the Hardware.
Step two: Hardware,
With hardware the options are endless but normally a great place to look is somewhere with a BTC Calculator like Nicehash has here Profit Calculator This will show you with what hardware and power cost and you can make a estimated profit. Right now I still like using the 290x and GTX 1070 as these are cards I own but I was shocked to see personally cards like the 7970 and GTX 680 get great hash rates.
To start many of you will have single GPU rigs or SLI/Xfire rigs. Mixing and matching gpus is no longer an issue at all so feel free to toss in what will fit and test it out as you will get results quickly to see if it’s profitable how you have it setup.
Now that you have the hardware lets get into Mining
Step three: Mining,
In the days of old tons of research, custom drivers, special applications and settings were required. Those days are no more, today we will look at Nicehash Miner found here: Nicehash Miner all you need to do now is install it, enter your wallet receive key and click benchmark and start after benchmark.
From there you can watch your miners have their fun.
After this point Daily, Weekly, Monthly BTC will be deposited in your wallet, this can happen each day all the way to once a month mattering how fast you mine.
Now you can start and stop your miners at anytime and know heat is always a concern so make sure to watch temps that pop up in Nicehash Miner throughout your mining days.
Now what to do with all those BTC? Well in this day and age the options are endless, you could donate them all to RHR so Soul can paydown his CC he uses to pay for the site and giveaways, or you could horde them or the best option of all you can spend them. Using Copay you can spend your BTC on anything Amazon sells which is a good option or places like Newegg accept btc in place of cold hard cash or another option still is you can use many online banks or local BTC ATM’s to swap them for some of that green physical money.
Truly the world is changing and the days of hard physical work are swapped for luck and using the assets you have at your disposal.
Good luck and make sure to share in the comments your experience and recommendations.
PS. this is in no way the best of the best it is a quick and dirty way to get started from there you can go anyway you want and learn even better ways to make that epic Cryptocurrencies.
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