How to Mine Bitcoin COMPLETE Guide 2017/2018 (EASIEST METHOD)

Video tutorial/guide showing how to start mining Bitcoins from home super simple and easily, for beginners, or advanced users, using NiceHash in 2017. Bitcoins are a cryptocurrency, like Litecoins and Ethereum which offer an anonymous form of digital currency. This video will show you how to setup a bitcoin wallet, download and install the mining program (nicehash), link it up to your wallet using the bitcoin address, and use the optimal algorithm for mining the most bitcoins and earning the money. Mining these Bitcoins is a way to introduce new bitcoins into the world, as well as verify transactions occurring in the blockchain. You can earn bitcoins and money, by mining at home from your very own PC computer. I also include some tips which helped me mine! Nicehash recently suffered a very complex hack which affected Miners and users of the Nicehash wallet. This attack took them down, offline, for about 2 weeks, but they are currently back up and back at it once more--LIVE AGAIN! They have ensured a huge increase in security, as well as getting people's money back before January 31st, 2018. Coinbase Link: https://www.coinbase.com/join/5942e0b... NiceHash Donwload Link: https://miner.nicehash.com/ Graphics Cards: https://www.amazon.com/shop/influence... What is Bitcoin?: https://www.youtube.com/watch?v=Gc2en... NOTE: Nicehash has changed the way they send payments. Link here: https://www.nicehash.com/help/when-an... You will get paid less frequently with external wallets like Coinbase, so if you want quicker payments, you should open a NiceHash wallet. You should mine with a powerful Graphics Card (GPU), and only on desktop computers (Not laptops). You need a bitcoin wallet like Coinbase, and you will need NiceHash. Make sure to benchmark your algorithms to get the most amount of bitcoins. Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. URGENT || PLEASE READ BEFORE COMMENTING: 1) Nicehash has changed they send payments. Link here: https://www.nicehash.com/help/when-an... You will get paid less frequently with external wallets like Coinbase! So use their wallet if you want quicker payouts. ------------- 2) Nicehash recently suffered a very complex hack which affected Miners and users of the Nicehash wallet. This attack took them down, offline, for about 2 weeks, but they are currently back up and back at it once more--LIVE AGAIN! They have ensured a huge increase in security, as well as getting people's money back before January 31st, 2018. -------------- 3) PLEASE DO NOT ask me if your computer is good enough for mining. I get dozens of comments a day asking essentially the same thing, so I am leaving the answer here for all of you guys: -Anything Before a GTX 9 Series: Don't mine! -GTX 9 Series: Fully capable of mining, but not recommend because it is not very efficient. -GTX 1050/1050TI: Full capable of mining with high efficiency, but not very powerful. Don't expect too much out of it. -GTX 1060 or better: What I recommend for mining. Powerful enough to see true return with high efficiency. -------------- 4) If you have a laptop, you most likely SHOULD NOT mine. The only exception is if you have a laptop with a GTX 1060 or higher, and you did a test run for an hour with all of your thermals under 80 degrees. Even then...it's not recommended. -------------- 5) If you have an AMD GPU, use the legacy program. I have a guide on it here: https://www.youtube.com/watch?v=Iwsxg...

SHOW MORE

• Tweet
• Share
• Share
• Share
• Share

About Admin

The author is an avid blogger. He loves to enlighten the people of India with essential information of roadside assistance services, safety measure and road rule. His blogs are widely appreciated and has been awarded by many veterans for his exceptional writing.

Related Post