Getting started BitCoin mining using ASIC mining hardware


I recently got into crypto currency after FinalHash contacted me and offered to teach me anything I wanted to know and provide me with some ASIC miners to get comfortable with. Now I’m sharing my experience with you!

Steps to get started…
1) Create account on Coinbase @ http://bit.ly/BarnCoinBase
2) Create account on BitcoinAffiliateNetwork @ http://bit.ly/BitAffNet
3) Add your Coinbase wallet address to BitcoinAffiliateNetwork account
4) Create workers for your ASIC hardware on BitCoinAffiliateNetwork
5) Configure your ASIC miner through web interface to point at BitcoinAffiliateNetwork pool (see help page) and worker you created.
6) Sit back and let your hardware mine for coins!
7) If you have questions @FinalHash & @Barnacules on Twitter!
8) If you enjoyed the video and want to send me a BitCoin tip my wallet address is [13XnC1Apdr8oPHgFPps9Fi23CQVpLmXHig]

Want to purchase an ASIC miner? Links below!
Purchase Spondoolie SP20 @ http://bit.ly/Spondoolie
Purchase AntMiner & GridSeed @ http://bit.ly/ZoomHash

Other great links to help you in your BitCoin quest!
Get current node list @ http://bit.ly/BitCoinNodes
Calculate your profitability @ http://bit.ly/MiningCalc
Got GPU miners? Check out ZiftrCoin @ http://ziftrcoin.com
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Come talk to me…
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Other Great BitCoin Releated Links
http://bit.ly/HowBitcoinWorks – How BitCoin works
http://it.ly/BitCoinPopular – Good Outside Opinion

25 comments

  • Barnacules Nerdgasm

    +Kevin Acasio You can’t use these with Folding at home because they only
    process a very specific aalgorithm. But in theory someone could create a
    Cyrpto Currency based on the Folding algo, that would be awesome!

  • Barnacules Nerdgasm

    Getting started with BitCoin mining using ASIC mining hardware and a pool
    to maximize profitability.

  • +Barnacules Nerdgasm, that was a great video. I’m not sure that I would get
    into that Liftr coin thing. It has a lot of weird retail network aspects
    and a closed network infrastructure, and the whole $1 value concept gets a
    little fuzzy in the small print. (It becomes a ‘discount’ currency, like a
    cheesy baseless coupon.)

    They’re also giving away 300 million of them, and reserving 25 million for
    their ’employees and advisors’ for incentives, and to ‘increase adoption’.
    The whole thing seems kind of fishy really. If they’re worth $1 / coin,
    they gave away what most start-ups take 5-10 years to produce in revenue
    before they even actually open the business up fully.

    I’m not entirely sure this one will work out. It also, being such a closed
    system, seems like it would be more susceptible to issues like taxation
    audits.

  • 3d print a 3d printer

  • Bitcoin mining is unprofitable at this time, thanks for the video though.
    Very explorative. 

  • Yeah. I don’t think I’ll take anymore interest in crypto mining, the whole
    concept is as clear as mud to me. I lost the entire plot straight after the
    intro and never recovered, hopefully Jerry’s next videos will be a bit more
    interesting, a bit more understandable and a lot less bitcoin(y).

  • Awesome video Barnacules! 

  • MattV2099: Guns & Food

    Probably the best bitcoin video I’ve seen. great job!

  • Good and informative video that covers the fundamental basics of Bitcoin. I
    am currently writing an essay on Bitcoin for one of my courses at the
    university. The thing I can’t wrap my mind around are the cloud mining
    services. I mean:
    – There are the providers of the service that own the required hardware
    – They rent the computational power to people
    –> This means that the price to rent the hashrate has to be lower than the
    expected profit for the people who rent it. Otherwise you would loose your
    money 😉
    The question I have is this: Why do these services use their hardware not
    directly themselves to mine Bitcoin (or alternate currencies)? This would
    have to be more profitable!
    Or does someone know what I am missing?

  • Excellent video Jerry, I really think that was one of your best educational
    videos ever. Well done :)

  • Wow! Well done on this video, very informative and yet i still understood
    100% of it. My knowledge of crypto-currencys has gone from like 5% to 99%.
    One question, the 25 bitcoins that gets given when someone figures out the
    number, where does that come from? Thanks!

  • Sup big guy. GJ on the video.

    I’ve been in this game for just over a year now (spammed you a bunch on
    link after TechTalk a month ago or whatever (hope they helped)) so didn’t
    learn anything from this, but think you did a good job of explaining the
    pros, cons and stuff about this new… thing, given the viewership I reckon
    you have.
    It’s such a complex and vast subject, it’s easy to end up wandering down
    one path and ignoring the others or just not covering things. For a first
    video on it, GJ man, don’t know what the first attempt at the first video
    was like, but I can imagine how much you tied yourself up 🙂

    Looking forward to seeing more advanced vids from you, hopeful drag a bunch
    of these nerds around into the interim future medium of value transaction,
    store/record of value and…. WhoKnowsWhatTheFuck else that could spawn
    from the awesomeness that is, *The Block Chain*. (I reckon you got a bit of
    a stiffy from reading Satoshi’s white paper, am I right?)

  • BTC is SHA256, not Scrypt. And Scrypt mining IS for GPU only and LITECOIN
    was the fist, not the ziftCoin. You will never able to do a Scrypt mining
    for BTC, like …. never. Scrypt mining is for so called ALTCOINS (LTC,
    ziftr, DOGE, …).

    It might be something new to mine BTC but i have Butterfly miner and i
    can’t mine Scypt coins with it, only BTC and other way around.

  • so is there a limit of bitcoins you can sell at one time?

  • My electricity costs are 0,25€/kWh (0,3125$/kWh) that’s not going to be
    profitable 😀
    And the averege price in Germany is even more 0,27€/kWH (0,3375$/kWh), I
    don’t think there could be any profitable miner in germany.
    The lowest price of the EU is in Bulgaria (0,082€/kWh; 0,1025$/kWh). Why is
    your electricity so cheap? :(

  • justice4germans.com

    you must have a brain like a sponge to be able to describe it all as you
    did despite only getting into it recently.

    I think you’re probably better off buying bitcoin instead of mining right
    now as it’s unlikely to get much cheaper. Also the blockchain is likely to
    be pruned down the track so don’t think it’s doomed because of it’s
    increasing size (someone created a video about that to scare people away).

    nobody should keep a lot of btc in services like coinbase, too many have
    shut down over the years.

  • Michiganvideomaker

    Why can’t you use solar or wind energy for power?

  • I used to have 3 block eruptor cubes stacked, they where a cool design.. In
    the winter I put it behind my desk and it kept my feat warm.. use best
    space heater ever.

  • Neato. I thought Bitcoin mining was dead though.

  • The american dollar doesn’t have anything backing it either just like you
    said based on “supply demand and popularity.” Its just a piece of paper
    that is pretty much worth nothing. Damn fiat money. Also the single bitcoin
    I bought for $623 back in march has only gone down in value since I got
    it. 

  • BitCoin is for the most part a waste of money. You spend so much money on
    ASIC miners and power and then have to wait months before seeing any
    return, and by that time you may need to upgrade in order to keep up as the
    hardware becomes more powerful.

  • I’m pretty sure I read that at this point it’s a waste of money to mine.
    You’re basically better off just buying coins and hoarding them instead of
    spending the money to buy the equipment for mining and getting minimal
    gains from it

  • Thanks for the very informative introductory video on this stuff. 

  • US$ 0.10 per kilowatt? are you kidding me???? Here in germany we pay around
    € 0.28 per KW! WOW, super cheap over there!

  • Great video, very informative. There was an article online I read today
    referring bit coin saying the gold rush days are over due to only the big
    players only will back able to profit. It was on yahoo news if I can
    remember which is not saying much but made argument mining for these things
    are pretty much a waste of time. I’d like to get into it but reading it was
    very discouraging.

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