Money Talk

How to start mining?

Submitted by xtonle, , Thread ID: 200526

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xtonle
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14-03-2021, 10:04 AM
#1
Recommend wallets or video cards to start mining.

RE: How to start mining?

truckdriver
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27-03-2021, 06:34 PM
#2
unmineable is very easy method for mining. It is possible to do it with a video card, maybe only with a processor. With a video card you earn more, but it should be over 4GB.

RE: How to start mining?

flynnadams99
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31-03-2021, 01:59 AM
#3
find a miner and see what your current pc could produce. if its shit there are tons of cheap mining rigs that people sell online.

RE: How to start mining?

maineland
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02-04-2021, 03:46 PM
This post was last modified: 02-04-2021, 03:57 PM by maineland
#4
Its easy! Im just going to talk Eth and mining with Windows here because its the most profitable right now but other currencies are similar. I was going to link you the video I used to get started but I just looked for 10 minutes and theres no many new videos I couldnt find it. Anyway, Im sure some of these new videos ?how to mine ethereum in 2021) will help you butIll give you an overview to get started.
First and foremost your challenge, unless you already have one, is to get a video card. Unfortunately in the frenzy people have snatched them all up amd there are bots constantly running and even live streams sharing not findings on YouTube. And its been like this since at least Dec 2020, if not earlier.

Cards I would recommend for getting your initial investment back relatively quickly: RTX3060Ti ($4-$500), RTX3080 ($700-1000) RX6800 & XT ($600-1000, this is an amd card and a little trickier because youll want to turn on a smart access memory feature to get good returns). There are other cards - some previous generation cards are still profitable (RTX 2XXX series and AMD RX5XXX series) but they are a little more power hungry and when youre running something 24/7 to profit the power costs become nontrivial. Theres also the new RTX 3090 and RX6900 XT but theyre pretty pricey ($1000-2200). And also still sold out everywhere. Getting the card is the challenge.

From there, you can make a wallet with MetaMask or any other number of services in just a few minutes. Making a wallet can feel kind of funny because unlike typical online accounts, you wont be inputting all your information and making a password. In the spirit of defi, your wallet is anonymous. When you create it, a 12-word pass phrase is generated. You need to copy those words down and the order somewhere safe. This is how you will control your wallet. Anyone with this pass-code basically has your money. Youll also get a long wallet address 0x.... this is generally safe to share and is the address you use to send and receive money.

Now you have the wallet and the last step is to download the miner. Make sure you get your miner straight from the source. For NVIDIA (RTX) cards I recommend trexminer (get it from GitHub) and for AMD cards (RX) I recommend teamredminer (also GitHub). Once this is downloaded, unzip it to a directory you will use for mining (I created a directory in my Users folder. Find the Eth batch file and update the wallet address to your newly generated wallets address.

Also in this batch script you will put in your pool address. Small mining operations collaborate with each other in pools to solve complex problems with their collective computing power and share the crypto rewards. Start off with Ethermine. They have several addresses based on what part of the world you live in. Get the correct address from ethermine.org and put that in your batch file. Double click your batch file and youre now mining!

RE: How to start mining?

Anon12345672
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03-04-2021, 04:23 AM
#5
Nicehash is pretty easy way to start, its really easy to use

RE: How to start mining?

13lueberry
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03-04-2021, 06:53 AM
#6
my friend also uses nicehash, although some of the miners on nicehash have malware and it isn't like just detected as it, it completely bricked my computer.

RE: How to start mining?

ivisbom
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03-04-2021, 07:41 AM
#7
From what i hear of people who do that 24/7, they said it's only worth to buy one single extremely good GPU, RTX 3090, for example, not more units, just one, idk if that's true anyways, and that's impossible today because GPU prices are way too high

RE: How to start mining?

Peete007
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17-04-2021, 08:39 PM
#8
I think that mining doesnt make you rich unless you bought an antminer but those are rare and expansive

RE: How to start mining?

bobo111
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13-05-2021, 08:06 PM
#9
I think that mining is not profitable nowadays

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