greenxgene

There are a multitude of articles out there guiding you enough to help you build a cryptocurrency mining rig. But in this post I want to cover how a beginner in India can get his/her hands readily on a mining rig hardware in a matter of few clicks. I have just provided Flipkart links for each hardware needed for this project. I want to be fair that this setup is good to begin with mining of Litecoin or any other Scrypt based coins, but for Bitcoin its not enough considering the present difficulty level and extreme ASIC miners. But don’t be discouraged!! You can always mine other alternative coins and trade them profitably for Bitcoins in virtual currency exchanges like Bter or Cryptsy . You can find out out the difficulty level and profitability of various alternative coins here http://dustcoin.com/mining After you go through this guide you can read this post to know how to setup your mining software. So whats our budget? Configuration Cost (Maximum) Processing P...

Pool Mining BBQCoin is similar to coins like Litecoin which use Scrypt algorithm. When newcomers to mining find no tutorials of BBQCoin mining they are disheartened. So I thought of coming up with this post. Why should I mine BBQCoin? There are still a lot of people who missed the Bitcoin boom and its already too late for them to mine with their GPU because Bitcoin miners have come up with specific hardware like ASIC (Application Specific Integrated Chip) and Bitcoin Erupters which gives them a cutting edge over GPU in terms of processing / hashing power. What makes BBQCoin different from Bitcoin is it uses Scrypt algorithm, which is different from SHA-256 algorithm of Bitcoin. That’s another reason why Litecoin raised to fame. So it means you can basically mine with your high end graphics card and make reasonable profit without investing much in ASICs which are of no use other than mining. At present level of difficulty (1.97 for BBQCoin compared to 609482679 of Bitcoin while...