Wednesday, 13 February 2013

Bitcoin mining: An expedition

I first heard of Bitcoins about a year ago but didn't think much of it at the time.
Recently I read an article on the BBC News that more and more places are accepting Bitcoins.

It seems to be a thing of the future, so naturally, I gave it a spin.

This will be a very basic walkthrough of my proceedings, I'll write up more information in a later post.

The miner I decided to use was guiminer, a simple but effective multi-mining tool with a graphical user interface.
There are many other mining programs out there for you to choose from.



After registering with a pool and getting a wallet I started it up:



Not too bad, considering I hadn't optimised it completely yet

After going through numerous forum threads and guides I found some flags that helped. A bit.



 I've left it running for just under 15 hours now, this is how much I've made so far.



As you can see, not really that profitable at the moment.

EDIT: I'm changing to another pool that has less fees.

34 comments:

  1. Thanks for sharing this man. Bitcoin mining is something that's completely and utterly foreign to me so this advice is handy enough.

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    Replies
    1. Cool, thanks.

      I intend to venture deeper into bitcoin mining, will post more later.

      Delete
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