Nicehash – Beginners guide to Mining Bitcoin

https://youtu.be/CrckvYVhLTE

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Hey guys what's going on vega here from serpenex special forces in this video i want to talk to you about
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a beginner's or how to guide for mining with nice hats nice hash is one of the primary programs that a lot of the
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beginners can get into and get familiar with mining before venturing on to more advanced
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mining operations programs or otherwise so without further ado and let's dive right into it
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mining has picked up steam quite a bit recently considering the prices of ethereum and bitcoin
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now first things first is you need to create an account we're seeing my dashboard at the moment but to create an
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account you just go to nicehash.com click on get started and you will see get started up in the top right hand
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corner now if you already have an account you just click login but when you click get started you're going to
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get over here to this register page you're going to need an email address and a password here the password
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requirements right down here one lowercase character one uppercase character eight characters at the
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minimum at least one number and at least one special character
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and obviously the passwords both in the uh top and bottom need to match obviously
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you need to confirm your country and there's a number of various countries that you can select from this
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list here i'm in the united states and then we want to confirm that our country selection is correct and agree to terms
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of service tos however if you don't want to subscribe to the news and blog updates you can certainly leave that
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unchecked but you just hit confirm and then create an account once you do you're just going to go through the
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basic steps of normally you will get an email when when you create an account on any website
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you're going to get an email in which you have to verify or validate or activate or whatever it may be just
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follow steps in that email and then we're going to get up to the main dashboard which is where we are now
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now you're gonna need some mining software nice hash has two things uh a software that you can download on
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windows or a nice hash os we're gonna be focusing on windows and i know a lot of my
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advanced veterans out there are going to be concerned that i'm making newbie or
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beginner's guides but it's really picked up steam and cryptocurrency is drawing in a lot of new people so this is
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focusing on the windows version of hash miner you can once you're in your main dashboard
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click on mining and then over here in the top right hand corner you can see download miner or
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add asic now we need nice hash miner for windows and we can download it now what i like to do
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typically is go straight to the github and how i do that is if i go to google and i type in nice
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hash miner github it will be the first result but you always want to get it
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through official sources so if you don't feel comfortable doing that just go ahead and go through your
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dashboard it's going to give you a wallet address that you're going to need once you
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select your miner you're going to want to copy that address and make sure that you plug that
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in or hang on to it because you're definitely going to need that now typically you can
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download the installer but i like to install or download the zip folder and then
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extract that to a directory or hard drive of my choosing you can quite frankly even put this on a usb drive
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if you're going to be moving from machine to machine to copy and paste it onto that machine or just let it run off
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the hard drive or usb drive so we're going to click this
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i use the default program winrar you might use 7-zip or what have you but you just want to extract it to a directory
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that you're comfortable with your downloads documents whatever it might be once
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that's downloaded let me go ahead and pull it up here these are the files that you're going to
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see here now this is just a basic setup and it's got a lot more to do so what i like to
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do though on windows is i like to right click and run as administrator
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this will give us a couple of features specifically on nvidia gpus that we wouldn't have
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access to if we did not run as administrator so always like to run as administrator
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obviously if you're not the admin of your computer then you might have to do something else or reach out to your
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system administrator but we've got to accept the terms of service with everything we do
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unfortunately in this day and age choose the language that we're most comfortable with
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and then here we are where we're going to have to either enter in our bitcoin address manually now
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remember that address i was telling you about the one that you were supposed to copy
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you can do that or if you have the mobile application you can scan it
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in in the mobile application you'll see a little qr code icon you click it and then you can actually
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scan and log in or you can log in normally so with the email and password that you created you can also do that
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in this case we're just going to enter our address manually
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now that's going to start installing and doing everything we need we can also add additional mining
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programs so it's going to install the default applications but there's additional
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plugins that we can also install there's dark mode there's light mode there's a number of things that are going to go
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through in the settings in just a moment now nine times out of ten when you start to install this program on a brand new
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computer or brand new windows installation your antivirus program or windows
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defender or windows security is going to block it we want to prevent that now to prevent
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that what we can do is we can see here that it's already give us notification we want to hit
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allow on device now obviously i can understand what i can be a little bit concerning you can see i got a number of
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them here right in front of me i trust nice hash so therefore i'm going to allow and restore
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most of everything that it blocked now you may not have this huge list like i do
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uh because it's not just nice hash i also have various other programs on here various other minors stuff like that but
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you just want to make sure that you allow nice hash to be able to do its thing
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also you can go down to virus threat protection settings click manage scroll down
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and then add or remove exclusions now you can add and what i would recommend is either file
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or folder go to folder and then go to where ever you installed or have your main
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nice hash folder now before we get started every program or every
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miner is probably going to want to run a benchmark of some type nice hash has it all built in
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nice and neat for us but first let's go to settings first thing i want to do is change it
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from light mode to dark mode that's going to want to reset the program let that reset
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and then i'm gonna go through some more options with you so we got our address we can give it a
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different name whatever you want so let's say uh nvidia one if i know how to spell in
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video right okay we can choose our time unit we can add in our electrical cost whatever it
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may be tencent per kilowatt sorry uh we will also want to make sure our server is correct now nine times out of
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ten is going to default to europe amsterdam but i'm located here in the us but then we also have china japan
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india brazil so choose what's right or the closest for your location once you're done with the general
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section getting everything set up go over to the advanced and a lot of people like to turn on auto
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start mining if this rig or machine that we were on was dedicated just to mining wasn't being
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used by anybody else like my wife or my children or anything like that and what we could do is we could
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actually have it start up run on startup and then auto start mining and what would happen is when the
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computer reboots power outage or whatever it will automatically reboot
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um if you have it set up hardware wise because you also have to set that up within your ue uefi if you wanted to do
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that to uh you know power on after it loses power but just say every time
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we restart the system we want it to start mining just turn on these two options if you don't want that you
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want to manually control it and leave it the way it is add stock i like to also choose a couple other options
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here when we scroll down there's options for run script when cuda gpu is lost
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what this means is nice hatch miner will run on gpu loss batch to batch file
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uh when it detects that one gpu has been lost or anything like that we restart the whole system i also like to
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turn on nvidia p0 state which will increase the performance of the gpu or keep it in this p0 state throughout
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most of its mining now this is going to require a restart so let's go ahead and do that
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then we just gotta get the benchmark going and once we get the benchmark going
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we're gonna be able to utilize nice hash minder the way we want to first let's check out plugins
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we can see all the standard plugins here we can even update them but we can also install other miners
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like for example i like to use for nvidia t-rex miner we have to accept terms there
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also like to use tt miner and mini z is is good but if you're if you're unsure
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which miner to get just install all of them and let the benchmark determine what is the best one because
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you know for example t-rex minor right now as a time of filming is actually performing better than
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phoenix minor when it comes to mining ethereum i get just a little extra hash rate
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with the new t-rex minor compared to phoenix minor but if we install all the plugins that
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we want then go over to dashboard when i hit start mining
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instead of immediately mining it's going to start to benchmark all the various algorithms
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now overclocking your gpu is very important but every gpu is different and i can't
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tell you use this exact setting for this exact gpu however there are websites out there
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including articles or blogs or whatever that actually provide us information about
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you know what overclocks we should have set for example on reddit i have the 360 ti
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to 3080 so on and so forth so maybe check out some of those videos on the performance results that i got
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testing out those gpus as well as any of the articles that i linked but if you come over to what to
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mine or a various website there's plenty of good calculators out there and you mouse over
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the gpu you might have you can see here it says using plus 125 on the core
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plus 500 on the mem with the tdp set of 75 percent now we actually have a 3080 in this
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system and it's saying using 70 to 80 tdp unverified so they're still testing that i already
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have those numbers set up in my system and i'll tell you what they are right now
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so with the gigabyte gaming oc or eagle the best setting that i found was 70
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tdp or power limit minus 200 on the core plus 1200 on the mem again each gpu is different
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so what you can do is you can tune slightly by dropping the power limit to about 80
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percent and then reducing the core or up in the core depending on the algorithm because
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that's the next hard thing and this is just focusing on the beginning aspects of starting to mine
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some algorithms are core intensive and some are memory intensive so you're going to have to fine tune
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your hardware to meet the criteria that you're trying to get right now we're trying to focus
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on ethereum which is why i have minus 200 on the core and a high memory clock
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so now if we hit start mining that's going to go through a benchmark which i'm not going to do because we're
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recording once it goes through everything we'll be able to start
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mining and that's going to accumulate bitcoin what it's going to do is going to mine various coins that are
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profitable right now the most profitable cryptocurrency to mine if you can guess it is ethereum as we
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mine ethereum other people are out there paying miners to mine to a specific pool
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to a specific address on their behalf and we get paid out from that so you're gonna start to see your wallet
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accumulate here right now it says zero dollars but when we click on that wallet we can actually withdraw those funds to
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a cold storage wallet hardware wallet a coinbase wallet whatever you would like
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but once you're set up once your benchmarks all done you want to fine tune your system
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to kind of be in the middle and what i mean by that is say my nvidia mix rig that's
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not currently visible is kind of set you know like plus 450 550 on the mem
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uh you know plus a 120 125 on the core for most of my gpus even though they might be mining ethereum
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and the reason i have it like that is because if it's auto switching between kapow uh kaku cycle
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ethereum dagger whatever it's in this middle ground to where it can flip no problems because sometimes if you
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have your overclocks too high or too low and it switches to a much more core intensive algo when it was on a memory
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intensive it can cause issues this is going to require a deeper
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dive and more questions that you might have feel free to leave them in the comments
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below that's going to be pretty much it for getting started we got nice hash downloaded we created an account
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we entered our bitcoin address we set up our worker name we chose our server location
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we changed any advanced settings that we wanted to whether we wanted to run on startup and start mining automatically
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every time the system restarted a reboot another good thing by the way that you can set up
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is start mining when idle what this will do is if say for example you move the mouse
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and you want to start doing some browsing maybe order pizza it will stop mining if you move the
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mouse and open up a game it will stop mining anytime the system is idle
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it will automatically mine for you that would be a good option if this was your main system
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and you like gaming and doing using it as a regular but wanted to mine during downtime this
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option is very good so you may want to check that but besides that the settings that you
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have in here the advanced scripting that you'll see for nvidia is not available for amd
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you can check that and get a little bit extra performance check your plugins install the miners
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that you want or all of them if you're not sure occasionally there will be an update uh
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which will be notified up here in this little blue dot just make sure you update your
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plugins and continue to mine get into the game start accumulating bitcoin
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and good luck to you because i don't believe cryptocurrency is going anywhere anytime
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soon and whether it's bitcoin ethereum or any of the top cryptocurrencies
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i believe it's going to be here to stay for a while i know there's a lot of them out there i know there's a lot of
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projects and coins that you can support and you can mine directly and nice hashtags support every single
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one of them but nice hash is the easiest way to get in besides awesome minor which
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will be upcoming in another video so stay tuned for that do me a favor hit the like button on the
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way out subscribe for more content like this and i'll catch you guys in the next one

Source : Youtube

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