Bitcoin Mining Howto : 3 Simple Steps
Step 1 : Get a Wallet
The first thing you need to do is get a “Bitcoin Wallet”. Because Bitcoin is an internet based currency, you need a place to keep your Bitcoins. Go to http://www.bitcoin.org and download the Bitcoin client for your Operating System. Once installed, the client will begin to download the blockchain or transaction history. Downloading the blockchain can take some time and will be over 6GB of data. Once the client is up to date, go to "Receive Coins" and click “New Address”. This will create a new Bitcoin address that you can use to receive coins. It will be a long sequence of letters and numbers. One of most important things you can do is make sure you have a copy of the wallet.dat file on a different hard drive and keep it in a safe location. You can also encrypt your wallet which adds a layer of security but is beyond the scope of this introduction. Just be aware that if your computer crashes and you do not have a copy of your wallet.dat file, you will lose all of your Bitcoins. They won’t go to someone else, they will disappear forever. It is like burning cash.
Step 2 : Install a Miner
Step 3: Connect your miner to Harvest Coin
In your miner installation directory, double click on the exe file, such as cgminer.exe.
You will see a screen like the following :
- Enter the Harvest Coin Bitcoin URL : http://mining.harvestcoin.com:9332
- When asked for your username, enter the Bitcoin address that you created in your wallet in Step 1 above. You can right click on the address and select Copy Address, then paste it into the miner window
- When asked for a password just enter anything
Your screen should look something like the following :
NOTE : MAKE SURE YOU ENTER YOUR OWN BITCOIN ADDRESS AND NOT THE ONE IN THE SCREENSHOT ABOVE AS YOUR COINS WILL END UP BEING SENT SOMEWHERE ELSE
Hit Enter and Voila, you are now connected to the Bitcoin distributed mining pool.
Now you just need to sit back and wait for your miner to generate some coins. Due to the way the distributed mining protocol works, it is normal to not see any payments for at least 24 hours. Please give it close to 48 hours before looking to change anything.
In the meantime, you can view ongoing Harvest Coin stats at http://mining.harvestcoin.com:9332 in your browser