#CGMINER POOL HOW TO#
#CGMINER POOL INSTALL#
#CGMINER POOL DOWNLOAD#

A pool is a collection of miners who work together to mine coins, and then share the production when the block is found. Nowadays it’s not profitable to mine bitcoins alone in a single machine due to the cost it takes to generate enough bitcoins hence the pool concept was invented for making it efficient and fast. Simply switch to “Receive” tab, locate the public bitcoin address, copy it and keep it in a secure location. It will display its main window where it shows transactions details in the first window by default, then send tab for sending coins, and receive tab for receiving coins. When electrum is configured properly as instructed above. Additionally, It can be encrypted with “encrypt wallet file” option to secure it further.Ĩ. It will generate a seed key and print on the screen, simply copy it and paste in the following textbox to proceed as a confirmation.ħ. Alternatively, if the wallet had already been created, it can be recovered with “I already have a seed” option.Ħ. Select “Create a new seed” to indicate this wallet is a brand new one. Select “standard wallet” from the given optionsĥ. Type the wallet’s name in the following textbox, and continue.Ĥ. This dash is equivalent to Windows start menu in Windows family.ģ. Run “Electrum” from “Dash” in unity interface.

#CGMINER POOL INSTALL#

apt-get install python-pip python-dev build-essentialĢ.First use the following commands one by one to install both QT, and Electrum in the system.

#CGMINER POOL HOW TO#

The following steps teach you how to setup and configure electrum for having your own personal bitcoin wallet.ġ. So, this tutorial uses this lightweight, simple client known as electrum.

#CGMINER POOL DOWNLOAD#

Usually by default Bitcoin Core is recommended for safety reasons, but it takes a while to download the “Bitcoin Blockchain” which usually consumes over 100GB in bandwidth as of 2017. There are a wide variety of wallets available for storing bitcoins, and thus it might be hard to find a suitable one.

apt-get install autoconf gcc make git libcurl4-openssl-dev libncurses5-dev libtool libjansson-dev libudev-dev libusb-1.0-0-devįigure 1 Cgminer is located at /usr/src/cgminer Create a Wallet.

It may be necessary to use sudo in front of the commands, if an error is promoted asking the administrative privilege. After it’s compiled, leave the cgminer and proceed to the next segment. What it does is download the necessary packages to compile, change the directory to src to install cgminer, clone the cgminer from github to local system, again change the directory to cgminer, prepare the build for compilation, and finally compile the source codes. Since compiling Cgminer within the system yields optimal performance, it’s highly recommended to download the source instead of the binary form directly from github where cgminer is currently hosted, and compile it with the given commands below. Setup Cgminerīefore getting started, obviously Cgminer has to be installed in the system. Cgminer currently doesn’t support GPU as it’s no longer usable to compensate the power and the time consumed to produce bitcoins and thus ASIC has to be used. It consists of sophisticated algorithms which are developed with C programming language to utilize the maximum hardware performance to yield a profitable amount of bitcoin with ease depending on the machine’s performance. Cgminer is an open source ASIC/FPGA bitcoin miner developed for a range of platforms, including Windows, Linux and OSx.

Cgminer pool