Bitcoins – Where to Start?

Someone recently asked me (okay, multiple people did) where to start to learn about getting Bitcoins?
You can start here at my blog, now. A better place to look will be at one of the links below in my 15 minute introduction. Don’t put off learning, it’s the Napster of the financial world, it will change how we do banking, like Napster changed how we get and share music.

You could download the bitcoin.org client first. It’s an easy install, it’s where I began, but stalled out… 2 years ago. What’s easier I think is getting a wallet at blockchain.info instead. Make a secure password 6 words long with punctuation. Write it down, and put the password in a safe place like cash! Maybe with your insurance papers, your will, or your passport. If you croak, your family will need this password to get access to your bitcoins.

Once you have a wallet (your Bitcoin address), share it with someone who has bitcoin so they can send you some in exchange for something.

To learn how to mine bitcoins, start out trying to mine litecoins first, they are basically the same technology, so learn once, and the skill works both they basically use the same programs. minerd, cgminer, cudaminer are example program names you may use. minerd is obsolete, used for CPU mining. CUDAminer is for computers with NVidia graphics processing units (GPUs), and cgminer is specialized for ATI Radeon GPUs. You can start each of them with a .bat (batch) file with the website address of a group or “pool” of other miners like you.

It’s hard to explain any more by typing a short guide, but that should keep you busy for 15 minutes, and give you a starting point.

Also follow @jkozan and @jeffcliff1 for local & Canadian crypto-currency updates on Twitter.


If you liked this beginners guide, Bitcoin tips would be appreciated at this wallet address:
17ypGH6vUrowdyvUthgQ87wzdq9d8egQta

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3 responses to “Bitcoins – Where to Start?

  1. Pingback: Bitcoins – How to Start Mining | Saskboy's Abandoned Stuff

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