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You're reading from  Bitcoin Essentials

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Published inFeb 2016
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ISBN-139781785281976
Edition1st Edition
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Albert Szmigielski
Albert Szmigielski
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Albert Szmigielski

Albert Szmigielski is a thinker, a computing scientist, a software engineer, and a blockchain professional. He holds a BSc in Computer Science and an MSc in Digital Currency. He has been involved in a number of start-ups and software projects. He believes in a decentralized, distributed nature of storing information, and hence has an interest in Bitcoin and blockchain technology. Albert is a researcher at CryptoIQ and a mentor at the Blockchain Institute. He frequently contributes to his blog at blog.cryptoIQ.ca.
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Summary


In this chapter, we have looked at GPU mining, setting up the required mining software, and at certain GPU settings. We delved into the most popular GPU mining software—cgminer. We showed you how to set it up and run it, so that you can start mining by connecting to a pool.

We touched upon the advantages and disadvantages of GPU mining. You can consider those when you decide to mine. We also presented a set of good practices to keep in mind while running your mining process. They are common sense to most but sometimes the most obvious things are forgotten. If you adhere to those practices, you should not encounter any problems while mining.

We also examined the profitability of GPU mining. We showed you a simple way of calculating, on average, your expected earnings. Even though GPU mining is no longer profitable, it is nevertheless a good educational experience.

In the next chapter, we will look at mining with more specialized hardware built for mining.

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Bitcoin Essentials
Published in: Feb 2016Publisher: ISBN-13: 9781785281976

Author (1)

author image
Albert Szmigielski

Albert Szmigielski is a thinker, a computing scientist, a software engineer, and a blockchain professional. He holds a BSc in Computer Science and an MSc in Digital Currency. He has been involved in a number of start-ups and software projects. He believes in a decentralized, distributed nature of storing information, and hence has an interest in Bitcoin and blockchain technology. Albert is a researcher at CryptoIQ and a mentor at the Blockchain Institute. He frequently contributes to his blog at blog.cryptoIQ.ca.
Read more about Albert Szmigielski