Over the last several weeks, we have been experimenting with the most recent GPU-shortage-inducing coin mining craze, with Ken's article as a jumping off point. On a recent podcast, I mentioned the idea of running a community coin mining group that would be used as a way for individuals to contribute to PC Perspective. I received several requests for the wallet and setup information to make this happen, so I thought it would be worth while to gather all the necessary links and info in a single location.
We have been running a Patreon campaign for a couple of years now on the site as a way to provide an avenue for those readers and viewers that find PC Perspective a useful resource to the community and directly contribute. It might be because you want to keep the PCPer staff stable, it could be because you use an ad blocker and are looking for a way to even things out, etc. But there are always some that don't have the ability or desire to sign up for a new service so contributing your empty GPU cycles is another option if you want to donate to the PCPer team.
How do you do it? Ken has created a step by step guide below – thanks for your support in this and all of our previous endeavors!
- Bitcoin: 1HHhVWPRpCUst9bDYtLstMdD7o5SzANk1W
- Ethereum: 0xa0294763261aa85eB5f1dA3Ca0f03E1B672EED87
For those of you who may be curious to try out this mining stuff on your personal computer, we would recommend looking into the NiceHash application.
For those of you who haven't read our previous article, NiceHash is a service that connects buyers of GPU mining power to sellers who have spare hardware that they are looking to put to use.
As a warning, if you are planning to mine please be aware of your power consumption. To get a good idea of this, you can look up the TDP of your given graphics card, multiply that wattage by the hours you plan to mine, divide by 1000 to translate from watts to kilowatts, and multiply that by the rate you pay for electricity (this can be found on your power bill in cents per Kilowatt/Hour in the US). (So it's watts*hours*days/1000*kw/hr rate – Thanks CracklingIce)
Given the current rates of value for these cryptocurrencies, power is a small portion of the gross profit made by mining, but it is important to be aware of this before you are presented with a huge power bill that you weren't expecting.
First, download the latest version of the NiceHash miner application from their website.
After your download has finished, extract the ZIP file and load the NiceHashMiner.exe program.
Once the application has been launched and you've accepted the terms of the EULA, the NiceHash Miner will start to download the appropriate mining applications for your given hardware.
Note: during this installation process, your antivirus program might detect malware. These miner executables that are being downloaded are safe, but many antivirius programs flag them as malware because if they are found on your PC without your permission they are a telltale sign of malicious software.
After the installation process is completed, you be brought to the main screen of the application.
From here, choose the server location closest to you, add the Bitcoin address (in this case: 1HHhVWPRpCUst9bDYtLstMdD7o5SzANk1W), and choose a unique worker name (up to 7 characters long).
From here, hit the benchmark button, select the devices you want to mine on (we would recommend GPUs only, CPUs don't earn very much), and hit the Start button.
Once the benchmarking is done, you'll be brought back to the main screen of the application where you can hit the Start button.
Once you hit the start button, a command prompt window will launch where you can see the miner at work (this can be hidden from the NiceHash setting pane), and you can view the stats of your computer in the original NiceHash application window.
And that's it, your computer will now be mining towards the PCPER community pool!