- 1. Understanding Bitcoin
First you’ll have to understand a little bit about Bitcoins, there are many youtube videos and other articles out there that are attempting to explain Bitcoins, below are some of the sources I’ve found a good place to start.
- 2. How Do I Get Bitcoins
So now you understand what are Bitcoins and you wanna know how you can get some. Simply put you get Bitcoins by buying them, mining for them, trading them for or have your (set up a) business to accept Bitcoins as payment. Theres also a Bitcoin Faucet that gives away Bitcoins to promote them. Although I didn’t receive them since the bank’s empty now, do contribute and help the community grow.
- 3. How To Get Started With Mining
Before you get started, there are 2 types of mining, Solo Mining and Pool Mining. Since mining for Bitcoins is a probability, at the current network if you don’t have a substaintial amount of mining/hardware power, chances are you’d have no chance in obtaining any Bitcoins doing solo mining. What Pool Mining does is that miners consolidate mining capacity and mine for Bitcoins and the rewards are then distributed via different sharing methods offered by the Pools, usually a small fee is charged by the pool.
- What is Pool Mining
- How to get started using your gpu to mine for bitcoins on windows
- Ubuntu Natty Narwhal 11.04 Mining Guide / HOWTO
- How to run bitcoin miner on Mac OS X
- How to set up pooled bitcoin mining in windows
- Price vs Difficulty Charts – indicators for buying or mining
- If you’re thinking buying mining hardware, read this first
- Analysis of Buying a Rig for Mining
- How to make money using bitcoin
- 4. Miners
Miners are programs developed and optimize to do mining, other than the official Bitcoin client, others have come up with different mining programs that are optimized differently, check them out and find out which suits you better. Use only published miners as Bitcoins starts to unroll into the global economy many would try to steal them via various means, this is a simple demonstration of such methods. Protecting your wallet is important, I myself has only recently gotten into the subject and would prolly need some help from our nice folks here.
- 5. Mining Pools
This is a simple list of the more popular mining pools that I’ve been hearing and some really new ones that need participants, I hope this will point newcomers that do not want to overcommit themselves into mining earn some Bitcoins while also helping the mining community strike a balance between the mining capacity of the different pools. Let me know if you’d like to be in this list, I still don’t know every pool out there and is just sticking to Slush.
- 6. Building Mining Rigs
When Bitcoin started, mining is done through the processing power of your CPU Processors, then CPU-Mining was phased out when GPU-Mining took over as GPU could compute in much greater volume than the CPU. Mining for Bitcoins has since become much more serious business for the individuals and even companies. Building a machine dedicated to mining has now become a topic that is commonly discussed on the forum. The most common form right now is building a computer with very powerful graphics processing power but there are research being done on other possibilities to drive down the cost and up the profitability.
- 7. Security & Threats
This is where I will list some security risks, threats faced, and some protective measures about Bitcoins, wallets, transactions and what not such as >50% attack thread listed above.Remember to have a strong password for your login account at a pooled mining web cite and a different unique password for each miner, Weak passwords or using the same password for your miner and your mining website password leaves you vulnerable to attach (aka. steal your bitcoins). There are password managing programs like keepass and lastpass to help you generate and remember long passwords.
- 8. Other Stuff
Here I list some useful utilities, tips & tricks that I find helpful along the way. Maybe some press coverage of Bitcoin and just really miscellaneous stuff, if you have anything you’d like to me to put up here do let me know.
- 9. Advance Tweaks & Discussion
- There have been rising demand in answers about making miner’s more efficient in areas such as cost, hash rate and power consumption. One main area of such discussion is the overclocking of GPUs while still maintain stability and temperature, this is a very specialized field where the layman would not normally cross. Fortunately, the mining community is in abundance of experts in OC and many analysis have been done in other fields as well. I’ll be linking to some more involved tweaks and analysis in this section for those who are getting serious about mining.
- 10. Bitcoin Thesaurus
I thought of starting a Thesaurus since some of these terms have been quite often asked all around the forum. Please help to contribute words and better explanations for them
- BTC – The unit we use for bitcoins, just like USD, JPY, EUR, SGD, RM, GBP, etc.
- Blocks –
- Difficulty –
- Mining – The hashing of bitcoin blocks in exchange for the creation of more coins and/or transaction fees
- Miners – The software used to do mining, there are CPU miners and GPU miners. Both are programmed to make use of different processing units to compute the hash
- Stales/Rejects –
- Rig – Computer
- Dedicated Mining Rig – Computer built solely for the purpose of mining
- Gaming Rig – Computer built mainly for the purpose of gaming
- Mining/Gaming Rig – A hybrid of the above, since the hardware requirements for both overlaps each other. When a gaming rig is idling, it can be use to do bitcoin mining
- PSU – Power Supply Unit
- MOBO – Motherboard
- CPU – Central Processing Unit, or Processor
- GPU – Graphics Processing Unit, or Graphics card
- Overclocking (OC) –
- Overvolting –
- Unvolting –
- Memory Clocking –
Courtesy of Bitcointalks.org