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Absolute Beginner’s Guide To Digging Dogecoin With A CPU

Posted by CryptoJunky on January 11, 2014

wow_much_coinSo you’ve heard about this whole Dogecoin phenomenon and want to get your paws on some. If so then you’ve come to the right place because that’s exactly what we’re looking to help you do! For those completely new to DOGE, and possibly other cryptocurrencies, Dogecoin is a fun cryptocurrency that can be used to transact online. At the moment it’s mostly used to tip people on sites like Reddit though there are some merchants starting to accept it. If you don’t yet have a Dogecoin wallet and need a full primer I suggest you check out our guide to Getting Started With Dogecoin. (more…)

Beginner’s Guide To Litecoin Mining With NVIDIA Graphics Cards

Posted by CryptoJunky on January 2, 2014

Official_Litecoin_LogoOver the past year Litecoin has solidified its place alongside Bitcoin as a viable digital currency. Accompanying increasing prices has been a deluge of new miners hoping to help run the Litecoin network and earn some coins. Traditionally Litecoin mining has been more efficient with Radeon GPUs, but recent improvements in mining software for NVIDIA cards has significantly increased their efficiency. No longer is cryptocurrency mining with graphics cards the sole territory of AMD/ATI/Radeon. So for all you NVIDIA card owners, here’s your guide to mining Litecoin with NVIDIA graphics cards on Windows as well as a brief overview of cryptocurrency mining. (more…)

Getting Started With Dogecoin

Posted by CryptoJunky on December 19, 2013

DogecoinOver the past year well over a hundred new cryptocurrencies have formed, each vying for a place alongside Bitcoin. Yet none have done so with the speed and ferocity that we’ve seen over the last few days from the unexpected newcomer Dogecoin. While part of its meteoric rise may have been due to a comedic push by 4chan, there is now little denying Dogecoin has found a niche with cryptocurrency enthusiasts. In the wake of an otherwise tumultuous week for cryptocurrencies, the lightheartedness of the Dogecoin community is both entertaining and uplifting. As such I’ve put together a guide on getting started with Dogecoin. (more…)

Hashing With Bitfury’s Blue Fury Bitcoin Miners

Posted by CryptoJunky on November 16, 2013

bitfuryIn an effort to retain a small amount of the Bitcoin network’s hashrate I’ve added two new USB miners to my collection of Bitcoin ASICs. While Bitcoin mining is probably not the best investment you could make right now, it is still a fun hobby. The newest additions to my small collection are two Blue Fury USB miners with ASIC chips by manufacturer Bitfury. Here’s an overview of the Blue Furies and a guide on setting them up. (more…)

Bitcoin Mining Is A 374+ Million Dollar Per Year Industry, And Growing

Posted by CryptoJunky on November 7, 2013

BitcoinWith the recent run up in the price of Bitcoin I decided to go back and check on the profitability of Bitcoin mining. Lo and behold Bitcoin mining is still not individually profitable with current difficulties, prices, and hardware costs. However, this doesn’t mean that there isn’t someone somewhere turning a profit on Bitcoin mining. Chip designers, manufacturers, resellers, and pool operators have all staked a claim in the Bitcoin mines and look set for growth. (more…)

Running ASICMiner Block Erupters For Fun, Not Profit

Posted by CryptoJunky on October 5, 2013

BlockEruptersThe proliferation of Bitcoin ASICs over the last several months have brought on an incredibly rapid increase in the Bitcoin difficulty factor. If you run the numbers on the currently available Bitcoin ASICs you’ll find that you’re unlikely to make a return on your investment. In fact, purchasing one of these Bitcoin mining machines now is probably more likely to lose you money (with some possible exceptions for next-generation pre-orders). Still there are a number of hobbyists and Bitcoin enthusiasts looking to invest just a small bit in order to contribute to the Bitcoin network’s hashrate. (more…)

Absolute Beginner’s Guide To GPU Mining Bitcoin

Posted by CryptoJunky on March 26, 2013

Gold BitcoinSo you’ve heard of Bitcoin and you’d like to try this whole¬†mining thing out but aren’t sure where to start. Well this guide is designed to get absolute beginners mining Bitcoin. You’ll need a desktop computer with a decent GPU (Graphics Processing Unit), preferably one by Radeon. You’ll also need to have a Bitcoin wallet set up. If you don’t yet have a Bitcoin wallet I suggest reading our Getting Started With Bitcoin post . It goes over the basics of Bitcoin and how to set up a wallet. Let’s get started. (more…)

Welcome To The Coinrush – The Digital Gold Rush Has Begun

Posted by CryptoJunky on March 15, 2013

For the past several months Bitcoin has been making headlines as its massive growth has outpaced any and all traditional investments. However, the big winner this week in the fledgling crypto currency market was not Bitcoin but the myriad of young crypto currencies that now appear poised for growth. (more…)

Absolute Beginner’s Guide To Litecoin Mining

Posted by CryptoJunky on March 12, 2013

LitecoinLitecoin has been making a lot of noise recently after a sharp rise in price. It could be that Bitcoin miners are finally feeling the pinch of specialized mining hardware known as ASICs. It could also be that a flood of newcomers to the crypto currency market is creating a demand not just for Bitcoin but also for Litecoin. In any event, I’ve had quite a few people asking about a basic guide for Litecoin mining so here it is. (more…)

Absolute Beginner’s Guide To Terracoin Mining

Posted by CryptoJunky on March 11, 2013

TerracoinSo you’ve heard of mining before but haven’t yet taken the time to get acquainted with what it is or how to do it. The following is a very basic guide on how to use your computer’s GPU to mine Terracoin.¬†Terracoin is a relatively new crypto currency based off of Bitcoin but has a much lower difficulty rating, making it an ideal coin for beginners. If you don’t yet have a Terracoin wallet I suggest that you either follow our tutorial on getting started with Terracoin or head over to Terrawallet and setup an account. Much of the material covered here is also applicable to Bitcoin as they use the same algorithm. (more…)