Since I started mining, I had to do my research and learn how to setup miners, wallets, and Exchanges. If your new to mining lets start out first by saying Congratulations, and Good Luck. There is alot of Altcoin, but for the sake of this post I will be concentrating on Digibyte or DGB. I would first go to this link or these are sites that will give you current information on cryptocurrency prices, earnings, and losses, as well as Graphs that show the journey a coin has taken in its life. Lets visit the site of the coin we are going to mine Read and learn about the coin YOU are going to invest your time into, such as what is the coins purpose, what do the developers plan on doing with it in the future, how much interest are there in the coin, is the coin on exchanges.

Click Choose Wallet - select the wallet for the Operating System you are using such as (Windows64, Windows32, MacOSX etc). Once your wallet is done downloading open it by clicking digibyte-qt.exe and let it sync with the blockchain this may take awhile but don't worry. While its syncing go ahead and click hide, and then click Receive.

In the Label box make a wallet with whatever name you see fit, then double click the new wallet to get your WALLET ADDRESS. This is important to RECEIVE the coins you mine later. Click Settings and click ENCRYPT WALLET and set up your passcode and DO NOT FORGET OR LOSE IT. Ok so now you have created a wallet and your letting it sync with the blockchain, a very large number of coins will use this exact same method for wallet creation. NOW we can get on to pool mining, if you want to learn more about solo vs. Pool mining a quick google search will set you right. Lets go on over to I like and use this mining pool for DGB, you can find pools for ALOT of different coins and setting up the miner, workers, etc should be similar in many ways.

In the upper right hand corner of the screen it will say GUEST hover over that and it should say LOGIN, or SIGN UP. CLICK SIGN UP! And put in your information, keep this information in safe place and DO NOT LOSE IT, also bookmark this site, maybe make a Bookmarks folder called ALTCOIN MINING to find all your pools, exchanges, etc easy later on. Once you have signed up and logged in, click on HELP, then GET STARTED.

This will show you this pools information to setup your miner. If you are CPU mining download the CPUMINER, if you are GPU mining download the GPU miner. I Personally prefer SGMINER instead of CGMINER so lets download SGMINER instead here for Source Code OR for Binary ready to go.

How many digibyte could I earn per day. If you want to mine DGB. Welcome to Digibyte and if you need any help with mining or any questions about DGB.

Click on MY ACCOUNT, then MY WORKERS under worker name input whatever you like, same for password then click ADD NEW WORKER. Now your worker is created. Click on EDIT ACCOUNT, under ACCOUNT DETAILS where it says PAYMENTADDRESS, put the Digibyte Address we got from the wallet earlier, input your 4 Digit Pin code and click UPDATE ACCOUNT. Now you have setup a worker for the pool, setup your address to collect payments later after you mine some coin. Now that you have downloaded SGMINER lets set it up and get it ready to start mining you some coins! Unzip the folder if its zipped and once inside the folder, Right Click and Create a New Text Document, name this Text Document Digibyteminer.bat make sure its not followed by txt it must be a BAT file.

If that don't work simply open the text document and when you save Click File, Save AS, and change Save as type to ALL FILES. Now inside the new bat file copy and paste this information setx GPU_FORCE_64BIT_PTR 0 setx GPU_MAX_HEAP_SIZE 100 setx GPU_USE_SYNC_OBJECTS 1 setx GPU_MAX_ALLOC_PERCENT 100 setx GPU_SINGLE_ALLOC_PERCENT 100 sgminer.exe -I 20 -g 4 -w 128 -k myriadcoin-groestl --no-submit-stale -o stratum+tcp://dgbg.suprnova.cc:7978 -u Workerlogin.Workername -p Workerpassword But change Workerlogin to your pool name you selected when signing up, and change Workername to the worker name we set up in the previous step, change worker password to the password you made in the previous step. Save this information and close the file. Thats it now lets start the miner, double click on our file we made digibyteminer.bat and a CMD windows should open and begin mining like this. Now back on the page click DASHBOARD, this screen will show you all the information such as your HASH RATE, and how many COINS you have MINED etc. Remember the information might not start showing until you submit your first SHARE so be patient.

Once you have mined enough coins and want to send them to your wallet, click MY ACCOUNT, EDIT ACCOUNT, and where it says CASH OUT enter your 4 DIGIT PIN and click CASH OUT. This will send your mined coins to your wallet we created earlier, it might take some time so be patient also your wallet must be synced with the blockchain before it will show up usually. If your miner fails to load double check all the information was entered correctly. If you have any further problems turn to google for more information. OK So you have mined like 1000 Coins and you want to Trade or Sell them. Go over to and make an account there, you will be able to send your coins from the wallet we created to the Digibyte wallet on Bittrex under balances, Once the funds transfer over you can trade them, sell them, or whatever you want to do but only Transfer to an Exchange if you plan on Doing something as I do not like leaving my coins sitting around on an Exchange for long periods of time. It is best to keep you coins in your own personal wallets for long term holding.

Thank You, and I hope you have good luck, fun, and Awesome Future mining AltCoins. Enjoy Mining! And GOOD LUCK.

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Lots Of Love For Future Posts Waiting for feedback on post Regards. Let me introduce you to the fascinating world of SHA-256, my friend! Check your sources, cause I'm new to this too, but ASIC miners use SHA-256 hashing algorithms. Other coins that use this 'proof of work' concept can be mined with an ASIC miner. Here's a good chart on coinwarz that shows different SHA-256 mined coins and their profitability compared to mining THE coin. I used 7.3 T/h as I am modelling this plan on the Canaan Avalon 741. Tx Mine Hshare HSR. This says the 'unbreakable' coin is my best race horse, and I can earn 1 BTC in 6 months (considering this altcoins value is 'unbreakable' that long).

Which would pay for two of these miners, power supply unit, the wiring. Of course this doesn't include electricity, which is big. And looking at crypto as the 'Save-the World' platform, have the man pump the coal plants just a little harder to provide me the juice. You gotta ask yourself, 'Who's winning there?' For more information on how the hash equations work, and the complexity, yet simplicity of the blockchain, look up a blockchain tutorial made by Anders Brownworth, DEFINITELY worth your time! Again, I'm in my research and development phase, so please correct me where I'm wrong or point me to the way of the right. That GPU is not very powerful from a mining standpoint, it is a mobile gpu and it just does not have the power of a newer Desktop GPU I am using a Radeon RX480 8GB for instance and I get around 38Mh/s the fact it is Nvidia could also be a problem some miners work better for Nvidia some for AMD, but the research I have done shows AMD tends to mine better.

This is a guide to get someone started but every person has different hardware, and there maybe better software for an nvidia /aka different miner etc. I do not use Nvidia so I am not 100% sure, maybe someone will see this that knows more about mining with Nvidia, but I would not expect ALOT from a mobile GPU thanks. If you are using your laptop to mine, please STOP. You will get very little in return and possibly even destroy your laptop. Mining harms desktop hardware too, but these GPUs are more resilient and desktops offer better air flow/cooling that a laptop. I have a MSI280x thats running for 3.5yrs now - earned its weight in gold and then some:D If you are still interested in mining, checkout the ETH contracts on Genesis Mining.

Feel free to use my referral code: y4lN1z if you choose to sign up [signup]() Alternatively invest in some hardware. Do a little research on, to figure out what would work for you best and fit in your budget. You can also check out my post to [learn more about earning BTC]() or message me if you have questions. Thank you both for the advice. Yesterday, after doing some research on Google, I read similar things to what you guys are saying. So I decided to go and talk to an aquaintance of mine (pun not intended) in a while, who works with computer hardware as his day-job. Maybe he, together with the links you guys provided, can help me out with picking the best gear for mining.

I don't wanna spend a fortune at first, but just want to get started in a profitable way. Is it, for instance, possible to start off with an investment of say 500 dollars of hardware and make it worth my while, when taking electricity costs and (possible) mining fees into account?

In what order of magnitude should I be thinking when it comes to the period that it will take to earn back the initial investment? And what are the do's and don'ts? Which kind of coins should be my main focus, and from which currency's should I stay away as far as possible? I don't expect you to spoon feed me, but could you perhaps give me a little nudge in the right direction?

Your help is, as always, very much appreciated:-). Well I used Digibyte for the purpose of this Tutorial if you will, however I do mine it myself for multiple reason. First of all it can be mined on five seperate mining algorithms. Digibyte has fast transaction speeds.

Digibyte has activated SegWit, which is Segregated Witness SegWit offers a range of other advantages and by now the focus of attention has shifted from fixing the transaction malleability to solving the problem scaling etc. Common problems with Bitcoin. Digibyte has an active community as well as developers, If you research it a little you will see what I mean Thanks.

Mining cryptocoins is an arms race that rewards early adopters. You might have heard of Bitcoin, the first decentralized cryptocurrency that was released in early 2009. Similar digital currencies have crept into the worldwide market since then, including a spin-off of Bitcoin called Bitcoin Cash. Today, there is very much a digital gold rush where people can make a small profit by investing a few hundred dollars in equipment, and then spend months mining for digital coins before any return on their investment sets in. Litecoins, Dogecoins, and Feathercoins are three Scrypt-based cryptocurrencies that are the best cost-benefit for beginners. At the current value of Litecoins, a person might earn anywhere from 50 cents to 10 dollars per day using consumer level mining hardware. Dogecoins and Feathercoins will yield slightly less profit with the same mining hardware but are becoming more popular daily. Is It Worth It to Mine Cryptocoins? As a hobby venture, yes, cryptocoin mining can generate a small income of perhaps a dollar or two per day.

In particular, Litecoins, Dogecoins, and Feathercoins are very accessible for regular people to mine, and a person can recoup $1000 in hardware costs in about 18-24 months. As a second income, no, cryptocoin mining is not a reliable way to make substantial money for most people. The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000-$5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more. Now, there is a small chance that Litecoins, Dogecoins, or Feathercoins will jump in value alongside Bitcoin at some point. Then, possibly, you could find yourself sitting on thousands of dollars in cryptocoins.

Note: the emphasis here is on ‘small chance’, with small meaning ‘slightly better than winning the lottery’. If you do decide to try cryptocoin mining, definitely do so as a hobby with a very small income return. Think of it as ‘gathering gold dust’ instead of collecting actual gold nuggets. Minecraft, the hit Microsoft game that has a massive player base is not so much joining forces with digibyte as much as digibyte is using the game and others to grow and expand hopefully the effective use of blockchain technology. Digibyte, on their website, claim that they want “to make DigiByte the fastest, most secure & scalable blockchain in the world well in to the 2030’s driven by real-world utility and successful use cases”.

The company also says that its technology has applications from security to Real-estate. The use of digibytes within Minecraft and gaming framework, therefore, seems to be a smaller part of a larger picture.

Digibyte and Minecraft are not joining forces but rather digibyte has gaming servers on which one can play some of the most popular games around, namely World of Warcraft, Counter-Strike, league of legends and from June 10th Minecraft, and while doing so earn digibytes that can be spent in a variety of manners including in-game transactions, online stores and transfers into fiat currency through exchanges. In order to earn digibytes while playing all one is required to do is go to sign up and following the simple instructions to link your wallet and games. Once this is done, just play and according to all reports, one starts earning digibytes. The most important question for most is what effect this will have on digibytes price?

Most chatter around the crypto world is positive. However, that can very much to due to the hype surrounding Minecraft server creation. At present, there are a plethora of cryptocurrencies and there are going to be much more that will hit the markets in the coming months. Is digibyte a secure long term crypto? We believe that the Minecraft server creation is but a small part of digibyte and therefore they may just have long term sustainability. In the coming months, we will watch closely as digibyte matures and develops new integrations. By Thomas Johansson DCNews.