This guide describes an indirect way to mine Bitcoins at home. You’ll need to understand how to edit a batch file and run it in the folder with a program you’ll also download.
It’s become unrealistic to discover Bitcoins before specialized ASIC miners find them, so to get around this problem you can mine Litecoin-derived coins and automatically exchange them for Bitcoins. You’ll need a newish gaming computer in order to use this method. A cheap Walmart laptop will not suffice, nor will a low-end office or home desktop. You’ll need an OpenCL or CUDA capable video card (GPU).
First get a free wallet to store bitcoins. Blockchain.info is a good site I’ve been using for months, and they have an Android app if you want too. It takes about 5 minutes to set one up, and write down the important password that cannot be forgotten or money saved in the wallet will become lost.
Then go to:
http://www.middlecoin.com/ where you will see instructions on how to configure your batch file.
Download cudaminer (works with NVidia video cards) (64 bit version, if your Windows version is 64 bit) and put your wallet’s address (starts with the number 1) where it says in the command line inside a batch file, with a made-up password.
If you have a Radeon ATI/AMD card, use cgminer instead. Note that it’s a different program from cudaminer, so it’s “arguments”, the commands following dashes in the batch file, do not match cudaminer’s arguments.
(Bitcointalk.org is a major website, but appears to be down this afternoon.)
This is an example batch file to start the cudaminer program. You have to change the mining4all.eu address and port, to the middlecoin address instead.
Please leave questions in the comments section.
I also wrote this other beginner’s guide last week that you might want to check out.
If you liked this beginners guide, Bitcoin tips would be appreciated at this wallet address: