My Bitcoin Mining Experience

I purchased a set of 5 Gaw Fury Miners a week or so ago and they came in today. These miners are scrypt-based and run in and around 1.3MH/S each. Also, to set them up was so much more simple than i expected. The first thing that happened when I got into cryptocoin mining is i realized that i knew nothing. So any chance you get to learn or read something out there that you don't know entirely about, do it. But these neat little boxes were a breeze to setup and get running. What you need Hardware wise, you need to have a GAW Fury, 1 12V 5A power supply, and a USB cable. Now, simple enough, you plug in your fan line, then pop in your power supply cord into your unit and finally connect your USB from your Fury to your controller (PC or what have you). All done? Great! Now comes the fun bit:  Once plugged in you need to download a driver called CP210x USB to UART Bridge VCP Driver . Select the proper version for your OS and install it. Once installed, restar...

So this week I bought a couple Gridseed units, I've always wanted to try them out. Gridseed units look like this and can mine scrypt, SHA-256, or both at once. The hash rates vary from each mode but as I've read 100 times, it's recommended to just run in scrypt. Surprisingly, the setup is incredibly easy. 7 Ultra-Quick Steps to get Mining Plug your unit into it's power source (Either to your computers PSU, or a wall outlet). Plug your USB cord into your unit and computer. Download ZADIG  and open it. Go to options, select "List all devices" and click on your STM32 Virtual COM Port from the drop down list, then replace drivers. Download CGMiner  and extract it. Go into your CGMiner and edit LTC_ONLY.bat and change the pool settings to your own. Save the .bat and run it. That's it! All done! Your hashrate in sctypt only mode should be anywhere from 300-400KH/s, generally mine stays from 360-400KH/s but there will likely be a bit of va...

Today I realized for those miners that still don't feel comfortable, or just want to utilize their own computer hardware while they're not using it, there is a good solution. Everyone knows that you can mine X11 coins and Scrypt algorithm coins with your CPU and or GPU. However, using your CPU to mine X11 coins is far more efficient then trying to get it to mine Scrypt coins, so my advice is to split your computers hardware. As covered in a previous post (here) I cover how to mine Darkcoins with both GPU and CPU. Try to mine Darkcoins with your CPU (6+ cores preferably)and use your GPU to mine Dogecoins (or whatever Scrypt based coin you prefer). Using these two different algorithms, you can utilize your hardware in a more profitable way (in my opinion), especially since you can now play two markets if you enjoy making profits from coin exchanges. As you can see, this way you can use your CPU in a much more efficient way and still have your GPU mining another profita...