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Bitcoin Mining

As this site helpes my Bitcoin Growth I will add things that I have been doing step by step in the World of Bitcoins. I will go thru all my steps of how I built my own stash of coins using only money generated from free bitcoins to grow wealth in the industry. This will prove that you really need nothing but determination and time to get in this industry, no out of pocket money, No major up front investment, No cost of any kind.

 

Bitcoin Mining has 3 types of mining. Cloud Mining and Pool Mining and Solo Mining. We will go over all 3 types of mining and get you some batch file examples to help you get a beter understanding of all the mining types.  

Cloud Mining is how you can mine bitcoins without your own equipment. You basically pay a fee and use someon elses mining farms to mine on thier pools to get a reward. You must compare all Cloud Mining Sites. Places like CEX.io AKA GHASH.io charge HUGE fees to run their equipment. GHASH.io has a tendancy to even cost you bitcoins by using their cloud mining. There are many sites to choose from.

 

By using bitcoins you gain  from faucets cloud mining is a perfect way to Earn Bitcoins for free.

 

One really good cloud mining site we use regularly is Eobot. On eobot you can purchase predetermined contracts or a 24 hour contract. By using a 24 hour contract you get a lot more hash for your BTC. When we first began our Bitcoin business we started by sending dogecoins to our eobot account and using the dogecoins to purchase Cloud GHS. We have since paid all those dogecoins back plus extra profit. The Eobot system is a bit different now, but you can still use Dogecoins to buy hash there. Eobot is also one of the few cloud sites that offers both SHA-256 (bitcoins) as well as Scrypt (litecoin) cloud mining.

CStake Mining is one of the newest forms of mining. It is increasingly becoming more and more popular. It involves confirming the transactions for the POS coins (proof of stake).

 

Stake Mining is best described as mining that has the benefits of a POW (Bitcoin) mining operations and the rewards of a bank account. Like Bitcoin Mining you find blocks and are erwarded, but like a bank account your reward and frequency fo finding blocks increases wiht the more coins you hold in the wallet.

 

Stakemining pools have become more popular among those POS coin communities. ANd finally the First Ever Multi-coin POS staking pool has emerged. And this pool is wonderful. It allows you to earn profit from more than one coin on the same Investment. It is structured to allow your investment to increase in profits over time, giving you, as an investor, somehting NO OTHER mining pool or cloud mining service ever can. 

 

For people who want to make a great income, a pool like this is the best route to take. 

Next is Pool Mining. Since the difficulty is so high a lot of users will take part in pool mining. This is where your machines combine in a mining pool with all the other members machines to mine bitcoin in hopes of solving a block faster. There are a klot of pools out there. The most profitable one we use right now is Bitcoin Affiliate Network Mining Pool. They are one of the only Pay Per Share Mining Pools in existance. Most of the mining pools you will find are all PPLNS which means Pay Per Last N Submited shares. These pools (if to low of hashrates) will not pay you enough to cover your costs in electric. these pools are set up for Pool owner profit. Basically a PPLNS pool owner can set a pool up and own NO mining hardware and still collect a substancial amount of Bitcoins. 

 

BE WARNED, No matter if a PPLNS Pool says it has 0% fees or not, the pool owners still collect a HUGE amount of Bitcoins from its members work. A PPLNS pool only pays you a certain amount of Bitcoins per share but the catch is you only get paid for a certain amount of shares at the end of a block. So if it takes 72 hours to solve a block but the pool only pays you for 1 hour worth of shifts you will get paid for 1 hours of mined work you put in for the past 72 hours. Most PPLNS pool owners will tell you it is to prevent pool hopping and have several handfuls of other excuses why they use a PPLNS system. But honestly, its because a PPLNS pool is the most profitable to the pool owners. To prove it to yourself, if a pool operated on a 0% or even 1% to 2% fee to run their pool, what incentive would they have to keep it opened, How would they pay for the servers, how would they pay the fee for the website? If it was not profitable they would not do it. If it was not drastically profitable, most pools out there would not be PPLNS pools. Business is business, truth is truth. And in this website we are here to serve plate fulls of truth based on mining experience. 

 

In addition as you read about PPLNS Pools the biggest excuse they use is it prevents pool hopping, This is a flat out lie, becasue a PPLNS pool is perfect for pool hopping actually. You can look over their history and figure out roughly when to get in on a shift so you put in exactly the amount of time they pay for. So if a pool has a 2 to 4 hour work shift in their Paid shares you know to "HOP" into that pool in what you feel may be the last 2 to 4 hours of their shift for a solved block. I know because I purposely Pool hop on a few pools so I am not pushing a massive amount of hash to a pool and not getting a reward for all of my work. the lower a pools hashrate the easier it is to guesstimate how long it will be before they solve a block.

 

In order to Pool Mine you will need to download a version of CGMiner or BFG Miner to run your equipment on. You will need to download the correct mining software for the right algorythim Sha-256 or Scrypt. Also know you can not mine SHA coins with scrypt machines or vice versa. I do not use BFG Miner for Scrypt mining because I do not like its hashrates.

 

Once you get the mining software you will need command lines (Batch Files) that look similar to this

 

CGMiner 3.3.1 for Scrypt Mining

 

cgminer.exe --scrypt -o stratum+tcp://asia1.coinking.io:7777 -u cyberpinoy.zeus1 -p x --chips-count 24 --ltc-clk 250 -S //./COM7 --nocheck-golden

pause

 

CGMiner 4.4.1 for SHA-256 Mining

 

cgminer.exe --icarus-options 115200:1:1 -o stratum+tcp://west1.bitcoindigger.com:3333 -u cyberpinoy.rbox -p x --rock-freq 290

pause

 

BFG Miner 4.7.0 SHA-256 Mining

 

bfgminer -S rockminer:all -o stratum+tcp://geo.bitcoindigger.com:3333 -u cyberpinoy.rbox -p x

pause

 

As you can see you have to tell the miner the website and port to your mining pool, your username and your password. You can also alter the intesity of your miners by playing with a FREQ command. But please research before you play with thesee numbers, adjusting these figures to high will burn up your miners. Make sure to view the readme files that come with both miners to better help you set ecerything up correctly. 

 

TAKE NOTE: the Batch files you see above are set up specifically for certain machines and unless you have the exact machines like the ones we have , they will not work for you. 

 

Some machines come with a Raspberry Pi controller, these machines will have their own browser interface where you will only need ton input the pool website, username and password and they will begin mining once you click start. You access these miners by putting their IP address in the browser. EX> 192.168.1.215. then this will open a control panel for your miner. Some miners require a password to access them others do not.

Solo Mining

Solo Mining is where you will use your wallet and mine all on your own without the help of others from a pool. You want to make sure youhave a minimum of 10% to 15% of the Coins overall Network Hashrate to be able to solo mine. Some coins would take you a very long time to find a block with the difficulty they are at now. As an example I would not attempt to Solo Mine Bitcoins without 3 PHS of mining power. 2 PHS minimum. this would be very costly and take a very long time. In order to solo mine a coin you need 2 things. You need a config file set up in the coins App Data folder. I will show you all examples I use for Solo Mining Zetacoins

 

zetacoin.conf

rpcuser=ZFqzhpdVJtbj17LQWMhspZBBfBpAoe8PGg

rpcpassword=12345

maxconnection=50

rpcallowip=127.0.0.1

rpcallowip=192.168.1.*

rpcallowip=192.168.0.*

rpcport=17335

port=17333

server=1

listen=1

addnode=105.236.111.72

addnode=188.252.16.109

addnode=54.212.51.236

addnode=75.162.220.45 

addnode=69.85.86.195 

addnode=88.190.201.25 

addnode=173.65.178.91 

addnode=24.249.152.169 

addnode=85.17.227.176 

addnode=72.48.52.29 

addnode=62.210.207.53 

addnode=105.236.111.72:17333 

addnode=94.195.209.96:17333 

addnode=198.50.233.15:17333 

addnode=198.46.131.116:17333 

addnode=110.174.192.158:17333 

addnode=192.241.181.13:17333 

addnode=174.97.230.124:17333 

addnode=75.169.30.17:17333 

addnode=77.172.80.106:17333

 

Once you have your config file set up you can open your wallet as a server. Go into the wallet folder and hold down the shift key then right click anywhere in there and choose "open command window here"

 

Then type "zetacoin-qt.exe -server"

Then hit enter and this will open your wallet as a server to allow you to solo mine.

 

The next thing you will need is a correct batch file for mining equipment you may have. below is an example of a Batch file we use for zetacoin Solo Mining.

 

CGMiner 4.4.1

 

cgminer.exe --icarus-options 115200:1:1 -o http://127.0.0.1:17335 -u ZFqzhpdVJtbj17LQWMhspZBBfBpAoe8PGg -p 12345 --rock-freq 290 --btc-address ZFqzhpdVJtbj17LQWMhspZBBfBpAoe8PGg

pause

 

All of these excamples are for Zetacoins if you are mining a different coin you will have to change a lot of stuff, the Addnodes will be different, the ports used to mine to will be different. This is just a rough example of what the files will look like to help you get set up and understand Mining.

 

If you have any questions you can send us an email thru the contact page. We respond to every question.

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