Bitcoin mining by gpu

Bitcoin is the new hot thing. It is a virtual cryptocurrency that is distributed or minted by having computers do SHA-256 calculations often called hashing. It is a virtual cryptocurrency that is distributed bitcoin mining by gpu “minted” by having computers do SHA-256 calculations often called hashing.

It is easy to earn yourself some bitcoins by employing an idle gpu to do these hashes so you may have your piece of the Bitcoin pie. The first step of getting on your way to earning bitcoins is getting a wallet. You have several options, but in this tutorial I will be walking you through the vanilla bitcoin-qt. I drew an arrow to point out the bitcoin-qt icon. You can click on this to bring you to the download of the client. Download this and it should be your usual installation process that you are accustomed to in windows or mac or linux.

Notice the green bar in the bottom that says 8 days behind. Your computer must download all of the block, the bits of data that your gpu will be calculating, before it is able to begin hashing. This is the software that will get you set up to start hashing with your gpu. The first step in here will be to click “File” and then “New Miner”. Then you will have four options.