Thursday, February 19, 2015

Bitcoin Charts

Bitcoin network vs USD Average linear, (30 days)

A graph showing the Bitcoin network vs USD Average linear in 30 days.

Mining factor linear, (30 days)

A graph showing the Mining factor (USD / 24h@ 1G Hash/s) linear in 30 days.

Bitcoin network vs USD Average linear, (90 days)

A graph showing the Bitcoin network vs USD Average linear in 90 days.

Mining factor linear, (90 days)

A graph showing the Mining factor (USD / 24h@ 1G Hash/s) linear in 90 days.

Bitcoin network vs USD Average linear, (all data)

A graph showing the Bitcoin network vs USD Average linear for all time.

Mining factor linear, (all data)

A graph showing the Mining factor (USD / 24h@ 1G Hash/s) linear for all time.

Bitcoin network vs USD Average logarithmic, (all data)

A graph showing the Bitcoin network vs USD Average logarithmic for all time.

Mining factor logarithmic, (all data)

A graph showing the Mining factor (USD / 24h@ 1G Hash/s) logarithmic for all time.

Bitcoin Mining Software

Mining apps

How Can Do Start..

Getting Started

Before you start mining Bitcoin, it's useful to understand what mining really means. Mining is the process of running SHA256 double round hash verification processes in order to validate transactions and provide the requisite security for the public ledger of the bitcoin network. The speed at which you mine is measured in hashes per second.
The bitcoin network compensates miners for their effort by releasing bitcoin to those who contribute the needed computational power. This comes in the form of both newly issued coin and from the transaction fees included in the transactions you validate when mining. The more computing power you contribute, the greater your share of the reward.

Step 1 - Get Hardware

Purchasing Bitcoins - Although it's not yet easy to buy bitcoins, it's getting simpler every day. Here are our recommendations:
To begin mining, you'll need to aquire bitcoin mining hardware. In the early days of bitcoin, it was possible to mine with your computer CPU or high speed video processor card. Today that's no longer possible. Devices based on custom ASIC chips who's performance offers up to 100x the capability of older systems have come to dominate the industry. Mining with anything less will consume more in electricity than you're likely to earn. It's essential to mine with purpose built bitcoin mining hardware. Several companies such as Butterfly Labs or Avalon offer excellent systems built specifically for bitcoin mining.
To learn more about bitcoin mining hardware, see our hardware page or compare available systems at Bitcoinx's bitcoin hardware comparison page.

Step 2 - Download Free Software

Once you've received your bitcoin mining hardware, you'll need to download a special program used for mining. There are many programs out there that can be used for Bitcoin mining, but the two most popular are CGminer and BFGminer which are command line programs. If you prefer the ease of use that comes with a GUI, you might want to try EasyMiner which is a click and go windows/Linux/Android program.
For more detailed information on bitcoin mining software, click here.

Step 3 - Join a Mining Pool

Once you're ready to mine, we recommend joining a mining pool like eclipsemc or eligius. Mining pools are groups of miners working together to solve a block and share in it's rewards. Without a mining pool, you might mine for over a year and never earn any bitcoins. It's far more convenient to share the work and split the reward with a much larger group of miners.
For a full list comparing all mining pools, go here.

Step 4 - Set Up Wallet

The next step to mining is to set up a Bitcoin wallet or use your existing Bitcoin wallet to receive the Bitcoins you mine. A Bitcoin wallet is like a traditional wallet and can be software, mobile, web-based. Bitcoin hardware wallets are also available. Bitcoins are sent to your wallet by using a unique address that only belongs to you. The most important step in setting up your wallet is securing it from potential threats by enabling two-factor authentication or keeping it on an offline computer that doesn't have access to the Internet. Wallets can be obtained by downloading a software client to your computer.
For help in choosing a wallet, go here.

Bitcoin mining Softwares

While the actual process of mining is handled by the mining hardware itself, special software is needed to connect your miners to the blockchain and your mining pool as well, if you are part of a mining pool. The software delivers the work to the miners and receives the completed work from the miners and relays that information back to the blockchain and your mining pool. The software can run on almost any operating system, such as OSX, Windows, Linux, and has even been ported to work on a Raspberry Pi with some modifications for drivers depending on your mining setup.
Not only does the software relay the input and output of your miners to the blockchain, but it also monitors them and displays general statistics such as the temperature, hashrate, fan speed, and average speed of the miner.
There are a few different types of mining software out there and each have their own advantages and disadvantages, so be sure to read up on the various mining software out there.

A few examples of mining software:

EASYMINER: A GUI based miner for Windows, Linux and Android. EasyMiner acts as a convenient wrapper for the built in CG & BFGminer softwares. It auto configures your miners and provides performance graphs to for easy visualization of your mining activity.
Download: http://www.butterflylabs.com/drivers/
BFGMINER: A modular ASIC, FPGA, GPU and CPU miner written in C, cross platform for Linux, Mac, and Windows including support for OpenWrt-capable routers.
Download: https://github.com/luke-jr/bfgminer
CGMINER: This is a multi-threaded multi-pool GPU, FPGA and ASIC miner with ATI GPU monitoring, (over)clocking and fanspeed support for bitcoin and derivative coins.
Download: https://github.com/ckolivas/cgminer
If you want to get a better idea of mining without installing any software, try Bitcoin Plus, a browser-based CPU Bitcoin miner. As a CPU miner it's not cost-efficient for serious mining, but it helps illustrate the process of pool mining.

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