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Bitcoin Mining Complete Guide & Tutorial (EASIEST METHOD Working 2018)

3850 ratings | 265913 views
Video tutorial/guide showing how to start mining Bitcoins from home super simple and easily, for beginners, or advanced users, using NiceHash. Bitcoins are a cryptocurrency, like Litecoins and Ethereum which offer an anonymous form of digital currency. This video will show you how to setup a bitcoin wallet, download and install the mining program (nicehash), link it up to your wallet using the bitcoin address, and use the optimal algorithm for mining the most bitcoins and earning the money. Mining these Bitcoins is a way to introduce new bitcoins into the world, as well as verify transactions occurring in the blockchain. You can earn bitcoins and money, by mining at home from your very own PC computer. I also include some tips which helped me mine! Techlore Website: http://www.techlore.tech My Video Equipment (Affiliate Link): https://www.amazon.com/shop/influencer20170928875 Instagram: @techlemur Discord: https://discord.gg/sdMv9Zj Minds: https://www.minds.com/Techlore DTube: https://d.tube/#!/c/techlore *ATTENTION* Nicehash has updated their program and the UI is very different from this video. I made an updated video so you can all follow along. Here is the link. Use the new program with Nvidia Cards: UPDATED VIDEO: https://www.youtube.com/watch?v=XnAjCMb_uEg Coinbase Link: https://www.coinbase.com/join/5942e0b5d26ede03db311893 NiceHash Link: https://www.nicehash.com/?p=nhmintro You should mine with a powerful Graphics Card (GPU), and only on desktop computers (Not laptops). You need a bitcoin wallet like Coinbase, and you will need NiceHash. Make sure to benchmark your algorithms to get the most amount of bitcoins. Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
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Text Comments (1021)
Techlore (8 months ago)
Hey guys! Nicehash updated their program so their UI (User Interface) changed quite a bit. Here is an a new video. UPDATED VIDEO: https://www.youtube.com/watch?v=XnAjCMb_uEg URGENT || PLEASE READ BEFORE COMMENTING: *1)* Nicehash has changed they send payments. Link here: https://www.nicehash.com/help/when-and-how-do-you-get-paid You will get paid less frequently with external wallets like Coinbase! So use their wallet if you want quicker payouts. ------------- *2)* Nicehash recently suffered a very complex hack which affected Miners and users of the Nicehash wallet. This attack took them down, offline, for about 2 weeks, but they are currently back up and back at it once more--LIVE AGAIN! They have ensured a huge increase in security, as well as getting people's money back before January 31st, 2018. -------------- *3)* PLEASE DO NOT ask me if your computer is good enough for mining. I get dozens of comments a day asking essentially the same thing, so I am leaving the answer here for all of you guys: -Anything Before a GTX 9 Series: Don't mine! -GTX 9 Series: Fully capable of mining, but not recommend because it is not very efficient. -GTX 1050/1050TI: Full capable of mining with high efficiency, but not very powerful. Don't expect too much out of it. -GTX 1060 or better: What I recommend for mining. Powerful enough to see true return with high efficiency. -------------- *4)* If you have a laptop, you most likely SHOULD NOT mine. The only exception is if you have a laptop with a GTX 1060 or higher, and you did a test run for an hour with all of your thermals under 80 degrees. Even then...it's not recommended.
PJ Lang (8 days ago)
um...don't use nicehash, UNINSTALL IT FROM UR COMPUTER RIGHT NOW, IT'S A TROJAN VIRUS.
Desmond Ojuade (2 months ago)
Techlore sir pls help. i have being asked to move out of my apartment by weekend if i dnt pay my rent i'm 2months behind &i was lukin 4 hw to raise money online whn i came across your tube page Any amount will be appreciated.please Btc 1FsXmywcB7KkrqzSSQpvrhtL3jkmifFqM
Ilmi Burhani (2 days ago)
Just read or post any text with help each other and get the power to increase your bonus of bitcoin. no invest. https://goo.gl/8zHcGR
Pradeep P (10 days ago)
Hello sir is this working still !!!!
SSD (1 month ago)
hey bro i found a "Riskware.BitcoinMiner" and my antivirus quarantines it so i cant download the miner waht do i do
Techlore (5 days ago)
It's a false positive. Antiviruses pick up mining software as malware. It's safe
ahmed trabelsi (1 month ago)
you mine solo or in pool ?
Geo GamerTM (1 month ago)
plese guys its program nice hash no have virus ???
RED_ ObScURe (1 month ago)
how much do you earn in dollars per day?
Ty. (1 month ago)
Coinbase isn't available in my region
Alex Tejada (20 days ago)
Use any other wallet, like Blockchain
Jammy Megowan (23 days ago)
Start making good ca$h with EIT Method
nilesh keshavdas (2 months ago)
For how much of hour's do i earn one bitcoin approximatly.
TJN Animations (2 months ago)
Are you able to use a laptop for this? I have a late 2013 MacBook Pro and was wondering if that would work. Thanks!
Techlore (2 months ago)
No I would not recommend it.
Nathaniel Lionell (2 months ago)
help me, it says core | no compatible devices found
Guess Who (3 months ago)
The real question is how much u make in a month?
Techlore (3 months ago)
https://youtu.be/hQYIezd6q30 Made a video on it.
dylanglen07 YT (3 months ago)
1,000 comment 😝
Techlore (3 months ago)
CONGRATS
Satoshi Alpha (3 months ago)
Informativo video esperamos más contenido y nos quedamos pendiente a su canal éxito y gracias
Kosala Sandun (3 months ago)
hey friend!!!can you upload new video about bitminter client?????
Kosala Sandun (3 months ago)
I like this VIDEO tnxx!!!!!! for help
Munish Perke (3 months ago)
Hey Buddy, I intend to use an Acer Orion 9000 pc with i9 processor, and 11 Gb Gtx 1080 ti, is it good enough to score heavily on the cryptos ??
Techlore (3 months ago)
I mean having more isn't going to make it any more profitable. If every device you buy gives you a $20/month and it would take 6 months to get your return on investment (ROI), buying 10 of those devices wouldn't affect that time range at all. However...after you've met your ROI, you will have a lot more money coming in because you have more devices.
Munish Perke (3 months ago)
Techlore Hey thanks for the Reply, one more slight question, Me and my friends have decided for a budget of 37k USD for the mining rig, what do you think can be our outage, I mean is it powerful enough ?
Techlore (3 months ago)
I mean it's about the best GPU you can get for mining... so probably? I made a video showing how to calculate your profit here: https://www.youtube.com/watch?v=hQYIezd6q30
MC Fedev (3 months ago)
I hate it not the video i hate avira its does killing the ``virus`` :(
MC Fedev (3 months ago)
i got it already thanks and i have now 0.00926 mBTC/Day and 0.06 eur/day and my friend got 0.22 eur/day Thank you very much <3
Techlore (3 months ago)
Yeah you’re going to need to add a exclusion 😔 It’s safe!
Its working in Android phone???
kpop is bae (4 months ago)
thats it??
Techlore (4 months ago)
Queue the Staples Button.
Purple 79 (4 months ago)
what is mining
Mr. Bass (4 months ago)
ALL NONSENSE
Sam Kofi (4 months ago)
Hey buddy, I'm new to this, can you further break it down for me please, mannsayne@live.com
Techlore (4 months ago)
All of my contact options are on the channel about page. Thanks for watching 👍
Bran Angwyn (4 months ago)
your video was very informative ,but the question is have you mined with Mr Arron mining strategy and trends to see how profitable it works? for me with just little contract i can mine higher amount of Bitcoins within a short time with the help of Mr Arron mining strategy and trends. So i recommend you contact him for more details(Michael.A.Arron@qualityservice.com)
Iskandar hakim (4 months ago)
Sup fellow minner ready to mine bitcoin
robby effendy (4 months ago)
i just have AMD M320 2GB..that gonna work?? and how to install that thing..i download it already from nicehash...and no idea to install it
abdul fattah (4 months ago)
how this transfer, i still confusing man. after mining ?or what? what i means is the btc? when we are mining or after we click the stop button?
Techlore (4 months ago)
There’s a link in the pinned comment on the top of the video which explains how you get paid. Thanks for watching 😀
Chun Yin Fok (4 months ago)
What will the console print out when you have profit?
Kiwi Perry (4 months ago)
my graphics card is ATI Mobillity Raedeon HD 5470 is this ok for bitcoin mining?
Techlore (4 months ago)
I wouldn’t recommend it :(
SourZy (5 months ago)
i would recomend a GTX 960 minimum "has GTX 950 ;-;"
CrazyPOCO LOCO (5 months ago)
is a gtx 1050 scc ok?
Techlore (5 months ago)
I wouldn’t recommend it :(
Anthony Daniel (5 months ago)
Thanks for your guidance. Really nice one. I have seen a site https://miningduck.com/ Will it be better for me to understand about cloud mining?
Melbourne Castañeda (5 months ago)
that is a useful info bro .
Explorer Nomade (5 months ago)
I need to contact you how do I do? A mail? A contact form? Thank you
Techlore (5 months ago)
All of my forms of contact are on the channel About page. Website form, email, Instagram, telegram, Discord, minds.
dycraps stories (5 months ago)
chrome blocks it because the file is said to be dangerous.
Blackbeard Studio (5 months ago)
Hey, wanted to ask you how much time is enough for pc with this specs: intel i5 7400 graphic card gtx1050 2gb and how much could I mine in that time, is it even worth risking pc getting fried?
Techlore (5 months ago)
I left a pinned comment on the top of the video which should hopefully answer your question. Thank you for watching the video!
darwin gomez (6 months ago)
can i use antminer with this ? i am a noob. thanks in advance
Techlore (5 months ago)
Yes! Nicehash does have an Antmining program, but it’s not the program discussed in this video. Their website has an asic mining software
Blurryface ss (6 months ago)
https://ltcminer.us/514262
Udayantha Warnasuriya (6 months ago)
Finally no BS video. Just facts. Good job.
Techlore (6 months ago)
Thanks :) Hope it helps!
Zayden Finn (6 months ago)
Where we can find bitcoin rig?
Hassan Raza (6 months ago)
can i just start with a navidia quadro fx1700 or no?
Hassan Raza (6 months ago)
Techlore can it just make this that much money to buy a good graphic card in a few months ?
Techlore (6 months ago)
Quadros aren't good mining cards from what I've heard. No harm in trying but I doubt it'll be worth your time
Daniel Daniel (6 months ago)
Hey guys, who else knows how legit Bibox Tesla promotion for LEDU coin? How legit?
Theresa Trasporto (6 months ago)
I don't understand this..
Dilip Kumar m u (6 months ago)
Bro is it work on Android mobile
Techlore (6 months ago)
No
PlayerZERO (6 months ago)
how much NOK per day am i going to get with antminer s9??? sorry if this is a dumb question, but i have just heard of cryptocurrency and have no idea how it works.
TLots (7 months ago)
my cpu is on fire...
Techlore (7 months ago)
Don’t mine with your CPU! Only use your GPU
Mr.Moon.GR1 (7 months ago)
I don't get it is it takes a lot of power to mining like when the bills are gonna come ar the gonna be a lot of money
Techlore (6 months ago)
You have to plug in your electricity rates and the GPU hashrate to fully calculate profit and expenses. I left some instructions in the pinned comment on the top of the video
fayez sarraj (7 months ago)
hey i was wondering if you can make a video explaining how to get more workers, and what happen when they disconnect?
Florent Pantina (7 months ago)
can I mine bitcoin with my MacBook Air ?
Techlore (7 months ago)
No
agormanvideos (7 months ago)
LOL Nicehash doesn't even does the benchmark on my ATI Radeon 5450 card. The problem is that buying a better card would mean all of the few earnings I'd get with bitcoins would be to recover the investment! I'm considering to buy a used card, although the expense is high too.
Luke Namzi (7 months ago)
Possible without computer
Techlore (7 months ago)
I'm currently experimenting with solving hashes using morse code...but until then--you will need a computer :P
Marla Hernandez (7 months ago)
How much does a graphic card cost
Techlore (7 months ago)
Too much right now
Eu quero tudo em Português
Naveen Panwar (7 months ago)
Hi mate, anything like this for Ubuntu?
Techlore (7 months ago)
https://linuxhint.com/mine-bitcoins-cgminer-ubuntu/ Nothing as simple but here you go!
Jonathan JIGGIESTILL (7 months ago)
thanks nice introductions for me to get going mining. Great job
Techlore (7 months ago)
Thanks :) Thank you for watching!
NoSorrowX (7 months ago)
Awesome! I have a question, can I get more cash per month using a second graphic card in my system? (Like two geforce 1080) So I don’t necessarily need 2 different systems? And how much electricity does it cost you a month?
Techlore (7 months ago)
Yes! And I left more details on electricity and profits in the pinned comment on the top of the video.
Fraai Op (8 months ago)
it's this program also for mining etherium?
Techlore (8 months ago)
Yep! Different algorithms mine different cryptocurrencies. Daggerhashimoto mines Ethereum
It says XmrStackCPUMiner is missing. What should I do?
Morgi (8 months ago)
does nicehash still work and is it still reliable ?
Techlore (8 months ago)
Still works for me :)
BigVah! (8 months ago)
Nice!
Nelson The N (8 months ago)
I wonder if I could do this with my Android phones...
Techlore (8 months ago)
I’m thinking it probably won’t be worth it...
lazar vukasinovic (8 months ago)
Can i run it with these specs Intel core i5-4460 3.2 GHz Amd radeon r9 380 8gb ram
Techlore (8 months ago)
I left a pinned comment on the top of the video with more details on specific GPU models.
Tanveer Jan (8 months ago)
(y) nice. Can you tell me about your specifically the casing you have
Tanveer Jan (8 months ago)
Techlore the white color case of desktop
Techlore (8 months ago)
My physical desktop case? Or the computer specs?
Multimedia_Max (8 months ago)
Oh no, Coinbase does not support selling in Canada yet.. :-( Well, I'll join the club later then!
Techlore (8 months ago)
Just use another wallet :) Try Genesis or use a desktop wallet (like Exodus)
Tim / EcaseC (8 months ago)
How many money do you make with this ? Ist this legal ?
Techlore (8 months ago)
I left more details on calculating income in the pinned comment on the top of the video. And yes totally legal!
Techlore (8 months ago)
I left more details on calculating income in the pinned comment on the top of the video. And yes totally legal!
Daniel Payne (8 months ago)
your fuckin dungeons and dragons currency is dead!
feyungco (8 months ago)
So 12 hours a day for 1 month, how much BTC are you actually making?
Techlore (8 months ago)
I left a pinned comment on the top of the video with more details on calculating income. Thanks for watching the video! :)
Dan Campbell (8 months ago)
I dont see the link for the Bitcoin wallet software. Can you give us a link? Thanks
Techlore (8 months ago)
It’s in the description! Just click read more and scroll down. It’s in there
Peng Cao (8 months ago)
when i try the benchmark, it either failed, try precise or none? I chose precise already. Is it my Graphic card is too outdated ?
Techlore (8 months ago)
Most likely. What’s your GPU?
jude raj Asante (8 months ago)
Can you get us a software for Intel machines?
Techlore (8 months ago)
What do you mean Intel machines? You can have an Intel processor but you need a dedicated GPU
Diego Alcaraz (8 months ago)
is it worth it in radeon r7 m445 4gb ddr5 on dell insipiron 15 5567
Techlore (8 months ago)
I left more details on GPUs in the pinned comment on the top of the video! Thank you so much for watching the video :)
Alper Kocyigit (8 months ago)
Whats is your estimation of monthly mining report? Which and how many coins are mined? How much electricity this type of operation uses, etc?
Techlore (8 months ago)
I left more details on estimate profit and what not in the pinned comment on the top of the video! Thank you so much for watching the video :)
mapangpang (8 months ago)
Hey man is an AMD Athlon X4 740 Quad Core Processor 3.20 GHz Ram 4GB good for that?
Techlore (8 months ago)
I left more details on specific cards in the pinned comment on the top of the video. Thank you so much for watching!
Kunschner (8 months ago)
Not worth the electricity.
Techlore (8 months ago)
Depends how efficient your hardware is. That’s why I recommend a 10 series for mining, it remains profitable in most cases
MidLeaf (8 months ago)
Thank you much dude every other video was complicated but yours was simple and easy to understand thank you
Techlore (8 months ago)
No problem at all :)
Parker Roberts (8 months ago)
everytime i benchmark the program closes and i dont know whats wrong with it
Techlore (8 months ago)
Is your hardware powerful enough to run it without crashing?
LazyDogGames (8 months ago)
Hi @Techlore Tutoriales I have a gtx750 ti, and I want try this mining stuff. I has been mining bytecoins in MinerGate, but it go reaaaally slow. There's some way to mine with a gtx750ti? I just want to see how good is this mining stuff, and if it is worth, I could invest in a 1080 or something similar just to mine
Techlore (8 months ago)
You can... but the return will be pretty low. Watch your temps on it
LazyDogGames (8 months ago)
Yeah, I just wanted to know if there's some way to mine with a 750ti just to try it
Techlore (8 months ago)
That’s completely your call. I’m not a financial advisor so I can’t recommend for you to buy a whole new GPU just for mining. Realistically you’d probably be able to pay off the GPU cost in maybe 4-5 months.
Dylan Joseph Lloyd (8 months ago)
Nicehash just keeps freezing on me.
gaurav kumar (8 months ago)
my amd card is not detectible ?
John C (8 months ago)
what is this teenage newbie advice!!?? It will take forever and you will NOT get anything done with a regular home PC: The algorithms are too complicated now and your PC is too slow on the blockchain! WASTE OF TIME AND POWER!
John C (8 months ago)
yeah if you have a rig of 20 GPUs and want to heat up your livingroom with it, having the time and patience too - and what about the noise? Well probably have to be in a cool basement then. I happend to live in an area where the costs are about 25c/kWh so adding those factors it's much easier to swipe the credit card and shove out some FIAT instead. Have fun with your tinkering
Techlore (8 months ago)
Couldn’t disagree more with you, and way to make this about age. A 10 series GPU like a GTX 1060 can mine about $60 a month, and if your electricity rates aren’t crazy high, it should remain profitable (use a profitability calculator online to find out). A card like a 1080ti is a monster, earning easily $120 a month, and if BTC increases in price, so did your earnings. There’s a reason people make rigs with numerous GPUs John...and it’s not because they’re losing money. Hope your experienced adult advice serves a lot of people well
Garrett Gfd (8 months ago)
i have 3 mining address in Nice Hash, does it transfer to coinbase on its own?
Garrett Gfd (8 months ago)
coin base is set up, but doesn't transfer over. feels like im doing something wrong that i don't want to keep going
bitbites abc (8 months ago)
Can I mine with a Android app?
Techlore (8 months ago)
No problem! And thank you :)
bitbites abc (8 months ago)
Techlore thanks guy, u r amazing YouTuber
Techlore (8 months ago)
I wouldn’t advise doing that. Mining on your phone will earn you close to nothing at the expense of potentially damaging your phone.
Dean Clark (8 months ago)
Buy litecoin right now. $280 a litecoin. It will hit above 500+ in 2018 beyond that it could fly past $1000.
Techlore (8 months ago)
LTC to the moon!
Joshua Jackson 2 (9 months ago)
i feel dumb i dont get the mac joke
Techlore (9 months ago)
Macs don’t have very powerful dedicated GPUs designed for mining, Don’t mine on a mac
Torre Nars (9 months ago)
Can you make a new video about the new nicehash update?
Techlore (9 months ago)
https://www.youtube.com/watch?v=XnAjCMb_uEg&t=109s Already did :)
Karner 15 (9 months ago)
I have two questions Can this damage my computer GPU ? and I get 2,4€ a day but when I only mine like you 12 hours a day then I get only the half ?
Techlore (9 months ago)
1) It can! The GPU, not the rest of the Computer. But if you keep it cool it’ll be okay 2) yep! Half
Ember Spirit Ember (9 months ago)
amd radeon r5 m330, intelcoreI5 , 4gram , good to go?
Techlore (9 months ago)
No worries!
Ember Spirit Ember (9 months ago)
:( okay men thanks anyways :)
Techlore (9 months ago)
I definitely wouldn’t recommend mining on your laptop with those specs. It’s going to struggle and the returns will be really small
Ember Spirit Ember (9 months ago)
thanks :D
afierce (9 months ago)
So how does the owner of bitcoin actually profit?
Techlore (9 months ago)
There is no owner of BTC, it's a decentralized digital currency. No one owns the US Dollar.
Jim Cole (9 months ago)
I've downloaded things and movies all day and never had my computer get super hot or crash. So mining will make my computer work harder.
Techlore (9 months ago)
It definitely will! Mining is super hard on your GPU.
P Saransai (9 months ago)
bro is this real or fake if it is real is that nicehash is paying money to you any payment proof
Techlore (9 months ago)
It’s real man! Nicehash is a legit company and business with social media presence and CEOs and all the normal stuff in most businesses. I can speak for the hundreds of other miners using it that they’re legit
Bottom Text (9 months ago)
I live in the dorms so I'm gonna be mining all day without an electric bill lmao
Techlore (9 months ago)
Sameee man! It's a great life!
APN360 (9 months ago)
GOOD !!!!!!!!!! please give some earning videos like this. tnx......
Doni Rahmatullaev (9 months ago)
is there any amount of deposit i have to make in advance?
Techlore (9 months ago)
Nope! 0 money to start except technically the price of your GPU
Alan Hernandez (9 months ago)
I have a Ryzen 1600x with a RX 580, anyone know how much this will make for for like 10 hours mining
Techlore (9 months ago)
I'd guess about $1 for 10 hours.
Kato Hussein (9 months ago)
hey man i have watched your videos and liked them i would like to ask nicehash is not working what other software can we use
Techlore (9 months ago)
Glad you liked the videos :) thanks for the kind feedback. And NICEHASH IS BACK UP!
Squrkies (9 months ago)
Here’s one thing I don’t understand. If completing an algorithm is a race to find the answer: in turn giving you bitcoin, how, with this system, do you compete with all the huge wear houses full of thousands of miners???
Techlore (9 months ago)
https://www.bitcoinmining.com/ This site has a lot more details about how mining works. Let me know if it helps you out!
TriSauceV2 (9 months ago)
So there's no real work involved for you, you're just letting the software run for 12 hours a day on your desktop? I'm a student at a university and if I could just let my desktop run while mining bitcoins for the times I'm at school and work while using my laptop for school, can I do that? Or is there actually work involved in mining?
Techlore (9 months ago)
Exactly! I am also a student so I just leave it running while I sleep. It does the work for you.
Prime - (9 months ago)
nicehash is currently down what other software do you recomend
Techlore (9 months ago)
update! NICEHASH IS BACK and live! @katiefoda Just send a request form on my website or send an email to the email on the channel page. I check it every 48 hours. Please be patient since I get 100+ comments and messages to respond to daily. Not to mention emails
Techlore (9 months ago)
I left a pinned comment on the top of the video with more details on what happened. I am trying to keep you all updated as much as I can. Nicehash has confirmed they are going to be back up soon, so I would wait! Here are some, not as simple but yes. Here are a few: https://www.buybitcoinworldwide.com/mining/software/
Muaath Alaraj (9 months ago)
Dont mine with GPU's
Techlore (9 months ago)
ASICS do have advantages. But GPUs are more accessible, and cheaper to obtain. It works better for some people.
Muaath Alaraj (9 months ago)
ASIC's are better. Plus I like to save the life of my GPUs :)
Techlore (9 months ago)
Why would you say that?
Assasinzslay (9 months ago)
is there some other software for mining cuz nicehash ain't there
Techlore (9 months ago)
No problem!
Assasinzslay (9 months ago)
thanks a tonn man
Techlore (9 months ago)
I left a pinned comment on the top of the video with more details on what happened. I am trying to keep you all updated as much as I can. Nicehash has confirmed they are going to be back up soon, so I would wait! Here are some, not as simple but yes. Here are a few: https://www.buybitcoinworldwide.com/mining/software/
Ja De (9 months ago)
Vey
Techlore (9 months ago)
Yev

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