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Tuesday, November 26, 2013

Bitcoins

Thank you for reading my tutorial, this is a simple guide for someone to get started using/making Bitcoin(Also known as BTC).
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WHAT YOU WILL NEED


A miner.
If you will be mining BTC with a Blackhat method, you will need a Botnet or RAT with some slaves.
If you will be mining on your own PC, I highly suggest you get a pretty good/above average Graphics Card.
A Triplemining or BTCGuild account.
Bitcoin Wallet.



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BITCOIN INFORMATION


Okay, here is a little information about Bitcoins.
Bitcoins are a relatively new form of currency
that are not controlled by a government, they
are widely recognized because of the inability
of cash-backs like Paypal. Bitcoins are created
when CPU's (or more importantly GPU's) process
complex mathematical equations to produce
what are known as Blocks, these Blocks are
worth roughly 50 Bitcoins a piece, howeve

mining a block using just your PC can take
quite some time. 

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MINING POOL INFORMATION


So with my tutorial
you will be signing up for Triple Mining
or BTCGuild. Triple Mining is a community
of miners where everyone's mining powe

is combined to mine single blocks, and
then the block is divided between the people,
the people with the higher rate of hashs/second
will receive bigger cuts. BTCGuild is what is
known as a PPS pool (Pay per share), this
means, you won't have to wait for a Block
to be mined before you receive your cut
from the work. If you have patience and don't
mind waiting a few hours - a day, I would
recommend TripleMining. If you would like to
be paid for each share you mine, and not have
to wait for a Block to be mined, go with BTCGuild

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GETTING STARTED


So, begin by going to one of these sites and signing up for an account at one of the Mining Pools.


TripleMining
BTCGuild

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After you have registered for one of these Mining pools.
Navigate to the Workers page, or in BTCGuild navigate
to the "Manage Workers" page and scroll down to find the
Create workers part. These works are essential in mining
Bitcoins as they are how your Mining software will
communicate with the Mining pool, they are essentially
log in details for your Mining client.

If you are mining by yourself, and not on your slaves via botnet or RAT client, download one this mining client.


GUI Miner for non-blackhat Mining
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MINER SETUP FOR SOLO MINING


Open up your Miner Client, in the "Server" drop box,
go down to "Other", It will then ask you to type the
server of your mining pool. You will find this in the
"Account" page of your Mining Pool account,
Example: For Triplemining, your server will
be eu.Triplemining.com. Then you will use you

"Worker" that you created earlier. It will typically
be called "Username.Workername" o

"Username_Workername" then your password
that you chose, remember for BTCGuild, you

workers password will be the same as you

BTCGuild account. Under Device, choose you

Graphics Processing Unit (GPU) if you have one
and then click Start Mining.


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SETTING UP YOUR WALLET



Next you will need to set up your Wallet.
A wallet is an encypted "bank" for your Bitcoins.
You can download Bitcoin QT which is a Wallet
software that stores your Bitcoins on you

HDD, or you can use an Online wallet. The
advantage of using an Online wallet is that
you don't have to wait for the BlockChain
(Record of all Bitcoin transactions) to download
to your PC. If you wish to keep your wallet
file containing your Bitcoins 100% safe of theft,
I would suggest downloading Bitcoin QT,
sending your Bitcoin to an address in you

Bitcoin QT client, then creating a Backup of
your Wallet.dat file and storing it on an old PC
with no Internet capabilities.


Online Wallet - Blockchain.info
Bitcoin QT Client Software
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OTHER INFORMATION


After you have set up your Bitcoin Wallet.
Navigate to your "Receive Bitcoin" tab.
Here you will find your "Address/Addresses".
Your address is like your Paypal email. It is
where people send Bitcoins to when they are
giving you Bitcoins. You can use multiple
addresses and give them to different people
so you can keep track of who is sending you
what. After you obtain your address, navigate
to your Mining pool account (Triplemining or BTCGuild)
and paste your address into the "Payout" box,
then set the amount that you wish to be automatically
paid out when it is reached. There you go! you are
successfully mining Bitcoins! As long as your GUI Mine

is running, you can go to your Mining Pool account and
check out the speed you are mining Bitcoins at!

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