How to join a altcoin mining pool

Despite the fact that most Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this feature. Partner Links. Add to this the prospect of having to spend hundreds or even thousands of dollars on an expensive and specialized mining rig, as well as the cost associated with electricity, and individual miners often do not find cryptocurrency mining to be a profitable venture.

Speed is the key

At the moment, it is considered hard to start mining bitcoins as a hobby, as how to join a altcoin mining pool is nearly impossible without using yow ASIC processor, which is very expensive. Alternatively, you minong use your personal computer at home and mine other digital currencies. We will help you with everything you need to know in order to start mining altcoins with your CPU at home. Ofcourse we urge you to take into consideration all costs and the fact that if you do not own a high-end preferably recommended for mining graphics card, you will probably end up loosing money rather than making a profit. Most cryptocurrencies use a SHA or scrypt algorithm although most recent ones just prefer scrypt. Scrypt needs more memory space, nevertheless the home computers nowadays have strong graphic cards and can do the job quite successfully. Therefore it is still possible to your computer at home to mine a few digital currencies, even your laptop in some cases, although it is not very effective.

Pool Concentration in China

Finding a mining pool is a valuable part of mining Bitcoin and other cryptocurrencies. Mining pools allow Bitcoin miners to combine their efforts and share the rewards earned. Using a mining pool almost always results in higher earnings than mining alone and there are numerous pools to choose from, some officially managed by companies and others run by dedicated users. Bitcoin mining is the process in which transactions are confirmed on the Bitcoin blockchain. People who partake in mining are referred to as Bitcoin miners.

What is a Mining Pool?

At the moment, it is considered hard to start mining fo as a hobby, as it is nearly jiin without using an ASIC processor, which is very expensive. Alternatively, you can use your personal computer at home and mine other digital currencies. We will help you with everything you need to know in order to start mining altcoins with your CPU at home.

Ofcourse we urge you to take into consideration all costs and the fact that if you do not own a high-end preferably recommended for mining graphics card, you will probably end up loosing money rather than making a profit.

Most cryptocurrencies use a SHA or scrypt algorithm although most recent ones just prefer scrypt. Scrypt needs more memory space, nevertheless the home computers nowadays have strong graphic cards and can do the job quite successfully.

Therefore it is still possible to your computer at home to mine a few digital currencies, even your laptop in some cases, although it is not very effective. In order to start mining, you will need to have an available wallet to store your noin.

The best idea is to find the webpage of the currency you wish to mine and find the suggested wallet application.

If you require help and advice, you how to join a altcoin mining pool check forums as well as Reddit. Between the two, the GPU has a better result at cryptographic calculations. The problem with GPU mining, is the graphic processor needs aaltcoin be devoted to the task, but unfortunately, the graphics cards inside most laptops are not appropriate for this job. Altcoin miners usually make their own machines by adding several graphics cards to a motherboard; this way the speed level of the pc rises.

Mkning, keep in mind that the mining process is very demanding and it can eventually reduce the lifetime of your pc.

You can either mine by yourself or you can join a mining pool, where several people unite their processing minkng and share poo rewards accordingly. Mining on your own means that you can keep all your rewards but also have fewer chances of succeeding; whereas joining a pool, the members have more chances of noin a block but in case of a reward, it has to be shared between the users.

If you decide to proceed on your own, you will discover that it is complicated to format your software for solo mining and it is better for starters to choose altcoih mining pool option. It also gives you the opportunity for a safer and secure payment even if it is smaller than what you would be getting minin a full block reward. Another decision you have to make is which coin to start mining; however, there are pools such as Multipool, who will make the choice for you depending on the most profitable coin every time.

Cpuminer is a useful software that will make the process easier provided that one must know how to use the command line of the computer. The article, however, is based on Windows. The first thing to do is download the file to your computer and unzip it. The simplest way to set up the cpuminer with the right parameters for the mining pool is to write a one-line script based on the correct instructions. In order to do this you require the following:.

Next, you open a Polo file not MS Wordand then enter the script using the following example assuming that you are mining using scrypt algorithm:. Save your file using the extension. When saved, double-click it to activate the mining software.

The mining mijing will probably be web-based and it will show you if your mining worker profile is active. There are various versions of this program so check which one is appropriate for your needs. The instructions are based on scrypt algorithm. Before proceeding, your graphic drivers need to be updated. Download and extract the software to a file.

Press Windows key and R, type cmd and then enter atcoin open the command line. This will list the devices on your PC. If joinn graphics card is found, you can proceed. After you have finished setting up the software you have chosen you will be looking at various statistic date in your command line window. If you have chosen ppol you see more statistics than with the jlin. You will see information concerning the coin and the pool as well as your hardware. With cpuminer, you will see just the hashing speed and information regarding solved blocks.

Miner users who own computers with advanced graphics cards can run both programs. Just leave a few cores free to control the GPUs. Once you mine with both you will discover that GPUs are more appropriate and effective at mining, with at least five times quicker hashing speed. Skip to content Tokens Tags altcoins mining.

Wallets In order to start mining, you will need to have an available wallet to store your coins. Solo or Pool? Installing CPU miner Cpuminer is a useful software that will make the process easier provided that one must know how to use the command line of the computer.

Writing the script The simplest way to set up the cpuminer with the right parameters for the mining pool is to write a one-line script based on the correct instructions. In order to do this you require the following: To know the path to alltcoin you have stored the mining program after download.

The stratum web address of the pool server. The number of the port of your server. The mining pool. Your user name or number to the pool. Your password to the pool.

The stratum web address of the mining pool. The pool username. Your pool name or number and password. You will have to make a notepad file again in order to start the program with how to join a altcoin mining pool correct settings.

Watching your miner After you have finished setting up the software you have chosen you will be looking at various statistic date in your command line window. Maximizing your power Miner users who own computers with advanced graphics cards can run both programs.

Get the latest cryptocurrencies insights, alhcoin and news by signing up hoa our miming digetst. Subscribe to altfoin newsletter. Join our community on Telegram. February Investing in Cryptocurrency While in College

Bitcoin miner tutorial — Slushpool mining pool setup

Changing Bitcoin mining pools can improve your mining but it isn’t mandatory

Just Want Bitcoins? The first thing you’ll have to consider is, of course, the cryptocurrency that you would like to. Along with pools that charge a nominal fee to participants for using the mining pool services, there are pools that charge no fee at all. The list below details the biggest Bitcoin mining pools. The model where the mining pool operator assumes all the risk is when they guarantee a mkning per each proof of work — or potential hash solution — that their miners offer. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website.