New to Mining Cryptocurrency, Want to learn pool mining, Lets Mine some Digibyte to get started. by madscientistx13

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· @madscientistx13 · (edited)
$188.72
New to Mining Cryptocurrency, Want to learn pool mining, Lets Mine some Digibyte to get started.
Since I started mining, I had to do my research and learn how to setup miners, wallets, and Exchanges.

If your new to mining lets start out first by saying Congratulations, and Good Luck.

There is alot of Altcoin, but for the sake of this post I will be concentrating on Digibyte or DGB.

I would first go to this link https://coinmarketcap.com/ or http://coincap.io/ these are sites that will give you current information on cryptocurrency prices, earnings, and losses, as well as Graphs that show the journey a coin has taken in its life.

Lets visit the site of the coin we are going to mine   https://digibyte.co/
![](https://steemitimages.com/DQmTjeyXDuv3GF79C8qXTSNjRRbxx9FLCx3SnZF91rF6Bss/image.png)

Read and learn about the coin YOU are going to invest your time into, such as what is the coins purpose, what do the developers plan on doing with it in the future, how much interest are there in the coin, is the coin on exchanges.

Click Choose Wallet - select the wallet for the Operating System you are using such as (Windows64, Windows32, MacOSX etc).
![](https://steemitimages.com/DQmUWZYBPN8CNn4rAo44suyG5vQtAaLRBmKB6wmgbCLrGcZ/image.png)

Once your wallet is done downloading open it by clicking digibyte-qt.exe and let it sync with the blockchain this may take awhile but don't worry. 

While its syncing go ahead and click hide, and then click Receive. In the Label box make a wallet with whatever name you see fit , then double click the new wallet to get your WALLET ADDRESS. This is important to RECEIVE the coins you mine later.![3.jpg](https://steemitimages.com/DQmbzq3NSNL4jWhmAEYFkffRnJTgms53sZkKXNFjSUp4YFb/3.jpg)


Click Settings and click ENCRYPT WALLET and set up your passcode and DO NOT FORGET OR LOSE IT.![4.jpg](https://steemitimages.com/DQmRhdebdXmgoRaVPt8ENNUBnpxhPc52fWeL2dLQKLJYSLe/4.jpg)


Ok so now you have created a wallet and your letting it sync with the blockchain, a very large number of coins will use this exact same method for wallet creation.

NOW we can get on to pool mining, if you want to learn more about solo vs. pool mining a quick google search will set you right.

Lets go on over to https://dgbg.suprnova.cc/ I like and use this mining pool for DGB, you can find pools for ALOT of different coins and setting up the miner, workers, etc should be similar in many ways.
![](https://steemitimages.com/DQmQHZaHfSEmBzwfuAPSq9dFBtY5E57AUHRoztm8BR6kiWv/image.png)

In the upper right hand corner of the screen it will say GUEST hover over that and it should say LOGIN , or SIGN UP.
CLICK SIGN UP ! and put in your information , keep this information in safe place and DO NOT LOSE IT , also bookmark this site, maybe make a Bookmarks folder called ALTCOIN MINING to find all your pools, exchanges, etc easy later on.

Once you have signed up and logged in, click on HELP, then GET STARTED.

This will show you this pools information to setup your miner.
![](https://steemitimages.com/DQmTPSy1tnJfDadmW5WAmTe1CRWsycoVqs99dByhJHnCT95/image.png)

If you are CPU mining download the CPUMINER, if you are GPU mining download the GPU miner.

I Personally prefer SGMINER instead of CGMINER so lets download SGMINER instead here 
https://github.com/sgminer-dev/sgminer/releases for Source Code 
OR
http://cryptomining-blog.com/wp-content/download/sgminer-5-1-1-windows.zip for Binary ready to go.

Click on MY ACCOUNT, then MY WORKERS under worker name input whatever you like, same for password then click ADD NEW WORKER. Now your worker is created.

Click on EDIT ACCOUNT, under ACCOUNT DETAILS where it says PAYMENTADDRESS, put the Digibyte Address we got from the wallet earlier, input your 4 Digit Pin code and click UPDATE ACCOUNT.

Now you have setup a worker for the pool, setup your address to collect payments later after you mine some coin.

Now that you have downloaded SGMINER lets set it up and get it ready to start mining you some coins !

Unzip the folder if its zipped and once inside the folder, Right Click and Create a New Text Document, name this Text Document Digibyteminer.bat make sure its not followed by txt it must be a BAT file. If that don't work simply open the text document and when you save Click File , Save AS, and change Save as type to ALL FILES.

now inside the new bat file copy and paste this information 

setx GPU_FORCE_64BIT_PTR 0
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
sgminer.exe -I 20 -g 4 -w 128 -k myriadcoin-groestl --no-submit-stale -o stratum+tcp://dgbg.suprnova.cc:7978 -u Workerlogin.Workername -p Workerpassword

But change Workerlogin to your pool name you selected when signing up, and change Workername to the worker name we set up in the previous step, change worker password to the password you made in the previous step.

Save this information and close the file.

Thats it now lets start the miner, double click on our file we made digibyteminer.bat and a CMD windows should open and begin mining like this.
![6.jpg](https://steemitimages.com/DQma9bDnvirHG1kct1P3hkMMnnq4LRQ2cq3b6v5V4adMc1r/6.jpg)

Now back on the page click DASHBOARD, this screen will show you all the information such as your HASH RATE, and how many COINS you have MINED etc. Remember the information might not start showing until you submit your first SHARE so be patient. 

Once you have mined enough coins and want to send them to your wallet, click MY ACCOUNT, EDIT ACCOUNT, and where it says CASH OUT enter your 4 DIGIT PIN and click CASH OUT. This will send your mined coins to your wallet we created earlier, it might take some time so be patient also your wallet must be synced with the blockchain before it will show up usually.

If your miner fails to load double check all the information was entered correctly. If you have any further problems turn to google for more information.

OK So you have mined like 1000 Coins and you want to Trade or Sell them. Go over to https://bittrex.com/  and make an account there, you will be able to send your coins from the wallet we created to the Digibyte wallet on Bittrex under balances, Once the funds transfer over you can trade them, sell them , or whatever you want to do but only Transfer to an Exchange if you plan on Doing something as I do not like leaving my coins sitting around on an Exchange for long periods of time. It is best to keep you coins in your own personal wallets for long term holding.

Thank You, and I hope you have good luck, fun, and Awesome Future mining AltCoins. 

Enjoy Mining ! and GOOD LUCK .
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 43 others
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@jmcmeekin ·
What do you think makes digibyte different, and importantly better than some of the crytocurrency available at this time?
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@madscientistx13 ·
Well I used Digibyte for the purpose of this Tutorial if you will, however I do mine it myself for multiple reason.
First of all it can be mined on five seperate mining algorithms. Digibyte has fast transaction speeds. Digibyte has activated SegWit, which is Segregated Witness SegWit offers a range of other advantages and by now the focus of attention has shifted from fixing the transaction malleability to solving the problem scaling etc. Common problems with Bitcoin. Digibyte has an active community as well as developers, If you research it a little you will see what I mean Thanks
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@drpuffnstuff ·
Thanks for the information overload. But in the best way!
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@madscientistx13 ·
Thank You !
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@arnel ·
Very informative and valuable post. I like the way how you presented things, you really know what you are doing. Looking forward to see more of your posts, followed you.
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@madscientistx13 ·
Thank You !
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@hynet ·
Thanks for the information
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@madscientistx13 ·
Thank You !
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@suavimani · (edited)
Thank you for this very helpfull tutorial. You make it sound so easy, I'm really excited to give it a go. Later today, after work, I will try it out :-)
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@madscientistx13 ·
Awesome, hope you get it all working and mine some coins !
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@suavimani · (edited)
Got it to work, but my hashrate is only 1.385M/1.366Mh/s at the moment. Where global hashrate shows 35.50 MH/s. Am I doing something wrong here? Because my GPU should be fine:

NVIDIA GeForce GT 555M

Also it gives me the following message:
Stratum connection to dgbg.suprnova.cc interrupted
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@daydreams4rock ·
hope the mining goes well - i will follow and upvote to find out
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@sdtraan ·
$0.14
Great post. Very detail oriented and well informative.
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@madscientistx13 ·
$0.04
Thank You , I am mining DGB right now using this EXACT method and its working perfectly.
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@kenhudoy ·
Thanks for the educative post @madscientistx13
I learnt a lot. Mining to me seems soo complex but I will have to study it more to understand better. With your post, its a good step.
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vote details (3)
@madscientistx13 ·
Thank You , glad it helps, I am mining with this exact info right now , It is tested by me , this is what I learned after alot of research, it DOES work just follow it exactly.
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@kenhudoy ·
Ok sir...I shall follow this and hope @charles1  joins the moving train...
πŸ‘  
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@adilvakhri ·
❀️
πŸ‘  , ,
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vote details (3)
@therightduke ·
Awesome guide to get started mining!  If anyone's looking for a lesser known altcoin with great potential to mine check out **[mooncoin](https://steemit.com/tothemoon/@therightduke/new-mooncoin-website-dropping-soon)**!
πŸ‘  
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@solamy ·
thanks duke, do you know if it uses the same hardware GPU that is used for ETH mining?
πŸ‘  
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@madscientistx13 ·
I am using a Single AMD RX480 8B card
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@madscientistx13 ·
ETH has a much much higher mining difficulty than Digibyte currently.
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@charles1 ·
Very good post which desreves lots of upvotes. Is minning Digibyte profitable? I know that mining bitcoin in Genesis is unprofutable..guess Etherium , Dash and Monero are good coins to mine.I am following you now in order to read more from you..keep it up.
πŸ‘  
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@madscientistx13 ·
As for right now Digibyte does seem Profitable from all the research i've done. I am sure eventually as its popularity increases , the difficulty goes up, the profitability will decline eventually like bitcoin etc.
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@charles1 ·
Great, is this minning platform you shared more profitable mining Digibyte than Genesis? how much investment will be good for a try..minimum
πŸ‘  
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@himalayanhasher ·
It is better to go with the ETH contract on Genesis. However, use the auto feature to mine BTC or alts. ETH difficulty is too high to give you meaningful retuns
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@charles1 ·
Good point, so one contract mining other alt coins at your wish
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@opanyin ·
A lot of people say mining is a waste of time however I will try this one to see
πŸ‘  
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@madscientistx13 ·
Mining can be a waste of time IF you mine the wrong coins, if you try to mine Bitcoin with a GPU today you are wasting your time. This applies to alot of TOP coins their difficulty is to high to mine with GPU's and you need dedicated asic miners to mine them now.
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@bibek ·
Great post..I want to give try...btw , at last you said that I don't keep all the coin on the exchange platform for long time..why you said that..can't we trust them..? I have keep all the coin on the exchange platform from long time..
πŸ‘  
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@madscientistx13 ·
Not saying you cannot trust them, but by leaving your coin in an exchange you do not have the possession of your own coins persay. In your own Wallet, you have the private keys and security of your own coins , on an exchange the exchange has the those keys to your wallets on their exchange is what i'm saying. Anything can happen and its better safe than sorry.
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@bibek · (edited)
thank you for the reply...I understood:)) I will go for the own wallet...
πŸ‘  
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@himalayanhasher ·
While established platforms like Poloniex, Bittrex etc are not unsafe, they are not safe from attacks - remember Mt.Gox? It is always better to hold ur private keys, spread your balances across wallets/exchanges - This way if you are hit in 1 place, you dont lose it all.

This is also a big factor to consider with the potential for a Hard Fork in Bitcoin. If you keep your balance with a 3rd party, you can loose a lot (*will share my 2 cents on that in a post*)
πŸ‘  ,
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vote details (2)
@bibek · (edited)
Thank you...appreciated your views..:))
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@secto ·
$0.02
Thanks
πŸ‘  , ,
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@madscientistx13 ·
Thank You !
πŸ‘  
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@tzar ·
If your just getting started here is some Free Cloud mining Site.
https://vixice.com/?ref=DoG947 free 100Gh/s
https://fleex.cc/ref/tzarzen free 100Gh/s
http://cryptostar.pro/?ref=tzarzen free 20Gh/s
There a good starting point and its free...!
I have over 15 free Gh/s sits if your interested in any more or strategy to increase you mining power just pm me.
Ill have an in depth post coming out in the next day or so
Happy Mining.
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@guyfawkes4-20 ·
Interesting post. I think that I am going to give it a shot. How much do you usually mine each day?
πŸ‘  
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@madscientistx13 ·
I am using a Single AMD RX480 8GB card right now and I have mined 91 DGB in the last day.
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@looftee ·
great, I will try it and if it works, all thanks to you.
πŸ‘  
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@enomujjass ·
thank you for sharing
πŸ‘  
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@madscientistx13 ·
Thank You !
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@cryptojatt ·
Great. Thanks for taking the time to write this. I will be looking into this tomorrow for sure.
πŸ‘  
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@timmyit ·
$0.52
Nice post !
πŸ‘  ,
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@alamzebkhan5285 ·
Currently dgb is waiting for a big pump on poloniex
πŸ‘  ,
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@alamzebkhan5285 ·
Thanks alot it helped alot
πŸ‘  ,
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@himalayanhasher ·
nice post @madscientistx13!
We need more people to get a taste of crypto and mining is a great way to get an understanding of the nuts and bolts rather than just focus on earning money
πŸ‘  
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@arcange ·
You have been mentionned in my hit-parade for beginners of 2017.06.22
Congratulations @madscientistx13!
Your post was mentioned in my [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-for-beginners-20170622) in the following category:

* Pending payout - Ranked 9 with $ 313,48
πŸ‘  , ,
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@feed-me-more · (edited)
Thank you for this tutorial. I'm sure in the near future I'll be copying it. I've been umming and ahhing about what cpu/gpu to buy for days now. How many DGB could I possibly mine a day if I got 2 x RX480 8gb. My electricity costs Β£0.14 Kwh ($0.18). Please help, I'm struggling to get my head around all this. I thought I'd made a decision, and then I found info that changed my mind again.
πŸ‘  
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@madscientistx13 ·
Well My current read out is 91 DGB per day on 1 RX480 8gb card so you should technically double that give or take a couple.
πŸ‘  
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@vaporhaze ·
I have been looking into it as well... Have you considered an ASIC miners?
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@feed-me-more ·
I have, but which ones mine altcoins?
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@kiloindigo ·
I barely understand this (as a total n00b), but I might just give it a go! Thanks for the detailed article!
πŸ‘  
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@madscientistx13 ·
I tried to be as thorough as I could with this post, it seems like alot but really it just looks that way its not as bad as it looks once you get it all going.
πŸ‘  
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@kiloindigo ·
No - you did a great job. I'll need to follow step by step. Is there any real-world (in my case GBP) to be made doing this, or is it more of an intellectual exercise? I ask as someone who is totally broke and will have to pay rent in the near future haha.
πŸ‘  
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@truthblitz · (edited)
Thanks for the awesome detailed post!  So how does this work with cpu mining?  Is it worth it?
πŸ‘  
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@madscientistx13 ·
I doubt cpu mining DGB will give good if any returns actually, just to low of a Hash Rate.
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@itsshowtime007 ·
Very informative post! Hopefully DGB goes on a run here soon so all the coins we've been mining become worth it!
πŸ‘  
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@jamaloz ·
Thanks alot for these details. I am new in the world of cryptocurrencies and i enjoy and learn from such good posts
πŸ‘  
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@johnnygmdd ·
Thanks man! I've been ineterested in finding out how I can get started mining and dgb is a coin I like so I think I'm going to get involved myself!
πŸ‘  
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@worldsoulfusion ·
$0.03
LIKE I SAID!! TIME TO GET RID OF THE (BAD) MAN IN THE MIDDLE!!!
β€œMany (EXCHANGES) appeared to be Middle Men who got in to position and were there to take, screw and gauge as much as possible, some were just financial mafia skimming operations doing just enough to keep the pretence going until they collapsed. There were punishing exchange rates and processing fees too.”

https://steemit.com/bitcoin/@worldsoulfusion/like-i-said-time-to-get-rid-of-the-man-in-the-middle

Crypto my A?%!!
https://steemit.com/bitcoin/@worldsoulfusion/crypto-my-a
πŸ‘  
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@steponas ·
Great stuff!
πŸ‘  
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@rabby77 · (edited)
$0.03
I have a 5chip gridseed asic miner which I bought from eBay, it can do litecoin and bitcoin together, but I was wanting to use it for mining digibyte as it uses both Sha 256 and scrypt.  When I point it at the sha 256 pool, it only does 300 odd khs/s. Should it not be in the gighashes?? Any thoughts?
πŸ‘  ,
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@madscientistx13 ·
I have not used Asic so not sure on that one
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@sophiaolive ·
$0.03
Hey @madscientistz13


** Apprecited Your Work .. You are sharing a valuable information to the community . We really love your work and apprecite your efforts **
*
I would like to request you please keep posting this type of valueable content for the community of steemit as this platform is growing up day by day .. I would request you that you must support new steemer like me and other .
*
*
I am in love with one of my post as a senior steemer I need your Honest feedback regadding that . If you get time from your busy life and write your comment upon it . It will be really apprecited ..*

If I missed I do Apoligize for that ...



# Lots Of Love For Future Posts

[**Bitcoin Secrate** ](https://steemit.com/money/@sophiaolive/how-my-friend-made-4-64-000usd-with-bitcoin-with-proof-2017627t21940943z)


# Waiting for feedback on post

Regards [**Sophia Olive**](https://steemit.com/@sophiaolive)

 ![image](https://img.esteem.ws/y3egmusph3.png)
πŸ‘  , , , , , , ,
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@mrsgil ·
$0.03
Very educative. Thanks
πŸ‘  
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@kimberlee17 ·
Nice blog. I was about to post a similair thread. I do believe in blockchain. But since the market is more inflated as with the internet boom we do have to see the high risk investment the cryptomarket currently is.  This is quite an interesting website I found:  https://www.coincheckup.com The site lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto. For example:  https://www.coincheckup.com/coins/DigiByte#analysis To watch DigiByte Investment analysis.
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