How to Mine Bitcoins

You’ve heard of Bitcoin and you’re ready to get your hands on some digital wealth. However, this may be easier said than done. When you “mine” Bitcoin, you actually verify Bitcoin transactions in the public, decentralized ledger of Bitcoin transactions (called the blockchain). Every time you find a new block to add to the chain, the system gives you some Bitcoin as a reward. Back in the early days of Bitcoin, it was easy to mine Bitcoin using your own computer. However, as the cryptocurrency has become more popular, it has become all but impossible for individuals to make a profit mining Bitcoin. That doesn’t stop a lot of people from trying, though. If you want to mine Bitcoin, you can either sign up with a cloud-mining company or build your own mining rig to mine for yourself.[1]
[Edit]Steps
[Edit]Setting Up a Bitcoin Wallet
Download a software or mobile wallet if you’re just getting started. Software wallets are kept on your computer, while mobile wallets are apps that you install on your smartphone. Software and mobile wallets are reasonably secure, can be downloaded for free, and are suitable for smaller amounts of Bitcoin.[2]
You can find a list of secure wallets approved for use with Bitcoin at https://bitcoin.org/en/choose-your-wallet.
Some wallets are hybrid, meaning that you can access them through software on your computer and through an app on your mobile phone.
Invest in a hardware wallet if you’re serious about Bitcoin. Hardware wallets may set you back a couple of hundred dollars but are considered more secure. Since they aren’t connected to the internet, they aren’t vulnerable to hackers. If you intend to keep your Bitcoin long-term, a hardware wallet is likely a worthwhile investment.[3]
Trezor and Ledger are two of the more popular hardware wallets available. You can buy them online or at brick-and-mortar stores that sell computer supplies and accessories.
Enable all security features on your wallet. Once you’ve chosen a Bitcoin wallet, set it up for maximum security to protect your Bitcoin. Use two-factor authentication to secure your account. When you log in, a code will be sent to you in a text message or email. You have to enter the code to access your account. This makes your account less vulnerable to hacking.[4]
Make sure the password you choose is secure and would be difficult for anyone to guess. If you have a password manager on your computer or smartphone, you can use that to create a secure, encrypted password.[Edit]Getting a Cloud-Mining Contract
Decide which cloud-mining service provider to use. There are a number of different cloud-mining service providers available, some of which are better established than others. Each service charges different fees and has different contract packages available.[5]
Genesis, Hashflare, and Minex are some of the more popular cloud-mining services. However, the most popular services with the best reputations also are frequently sold out of contracts.
Research services carefully. There have been numerous cloud-mining scams. Make sure the company is legitimate and has a good reputation. You can search the name of the service and see what people are saying online about it. Websites such as CryptoCompare can also help you analyze company reputations. Visit https://www.cryptocompare.com/mining/#/companies to get started.
Be careful of a cloud-mining service that makes guarantees or claims that sound too good to be true. It is likely a scam. No cloud-mining service can guarantee you a particular rate of return, or guarantee that you’ll break even or start turning a profit in a short amount of time.
Pick a cloud mining contract package. With cloud-mining, you essentially lease mining power from a miner farm for a period of time. While your contract is active, you get all the Bitcoin that is mined using that amount of mining power, minus fees paid to the cloud-mining service for maintenance of the mining hardware.[6]
Contracts typically last from 1 to 3 years, although some last longer. While shorter contracts may carry a lower price tag, it’s unlikely that you’ll make any money in a shorter period of time. You usually need at least 2 years to break even.
Prices vary anywhere from under $100 for smaller contracts to several thousand dollars for larger contracts with more mining power – expressed as the hash rate. For example, as of 2019, Genesis offers a 2-year Bitcoin mining contract for $50, which gets you 1 TH/s (1 Tera hash per second, or 1,000,000,000,000 hashes per second). This sounds like a lot, but it’s unlikely that you’d do much more than break even in 2 years on such a small plan. At the other end of the spectrum, you could get a 5-year contract for $6,125 with 25 TH/s.
Withdraw your earnings to your secure wallet. When you purchase your contract, your mining power goes to work for you immediately. As you earn Bitcoin, it will show up on your account at the cloud-mining service. When you’ve accumulated enough, you can send it to your wallet.[7]
Some cloud-mining services may do regular payouts on an established schedule, such as once a month or once a quarter. Others may allow you to withdraw your earnings any time you want, as long as you have a minimum amount. The minimum can range anywhere from 0.05 BTC to 0.00002 BTC.[Edit]Using Your Own Hardware
Use an online mining calculator to calculate mining profitability. Mining rigs can be relatively expensive and consume a lot of power. Playing with different setups on an online mining calculator can help you determine whether it’s worth it to you to start mining.[8]
CryptoCompare has a mining calculator available at https://www.cryptocompare.com/mining/calculator/.
If you’re just getting started, you may not have all the information available, such as mining pool fees or power cost. However, the more information you provide, the more accurate the profitability estimate will be.
Buy ASIC miners and a power supply for your mining rig. An ASIC miner is an application-specific integrated circuit (ASIC) designed specifically to mine Bitcoin. Essentially, it’s a computer chip that needs a power supply to run it. ASIC miners vary in price depending on their hashing power and their efficiency.[9]
For example, the Bitmain Antminer S15 has a maximum hash rate of 28 TH/s and consumes 1596W of power. Over the course of a year, you could earn a little under $200 worth of Bitcoin with this miner, depending on the cost of your electricity. However, considering the miner costs between $1500 and $2000, it would still take you at least 7 to 10 years at that rate to start turning a profit, at the Bitcoin price of $4000.
You can monitor the price of Bitcoin to calculate changes in the time it will take to turn a profit. Profit may also vary based on the price of electricity.
Connect your miner and boot it up. Connect your power supply to your ASIC miner, then connect your miner to your router. Use an ethernet cable to connect your miner – a wireless connection is not stable enough.[10]
Type your router’s IP address in a web browser. This will take you to your router’s admin page. Click on “Connected Devices” to find the IP address for your ASIC miner. Copy and paste the IP address for your ASIC miner into your web browser. This will enable you to configure your miner.
Download Bitcoin mining software to a networked computer. After you’ve connected your hardware, you need to download software so you can mine Bitcoin. There are a number of different mining programs to choose from. Two of the most popular are CGminer and BFGminer. These are both command-line programs, so if you aren’t particularly tech-savvy, they may present a challenge for you.[11]
Most of the mining software that works on Windows will also work on Mac OS X machines.
EasyMiner has a graphical interface that is more intuitive and easier to use, especially if you’re a beginner with limited computer skills. EasyMiner works on Windows, Linux, and Android machines. As of 2019, EasyMiner does not have a Mac OS X version.
Join a mining pool. Mining pools are groups of miners that pool their hashing power to mine Bitcoin more quickly. A pool enables you to compete with massive mining conglomerates that have mining farms with tremendous hashing power. You don’t need to pay anything up front to join a mining pool. Instead, the pool takes a percentage of the Bitcoin mined (typically between 1 and 2 percent).[12]
BitMinter, CK Pool, and Slush Pool are some popular, successful, and well-established mining pools.
Without a mining pool, you would have to mine potentially for years before you’d see any profit. With a large pool, it’s possible that you could start earning Bitcoin within a few months.
Configure your miner to work in your mining pool. Once you’ve chosen your mining pool and set up a worker account, access your ASIC miner configuration screen and enter the IP address for your mining pool. Then enter the worker name and password you created for the mining pool. When you’ve entered this information, save your settings.[13]
As soon as you save your settings, your miner will start working in your mining pool. You can go to your mining pool account to see your status and evaluate your miner’s performance. However, keep in mind it may take up to an hour for your mining pool to display your miner’s hashing rate.
Transfer any Bitcoin you mine to your secure wallet. As you mine Bitcoin, it will show up in your mining pool account. Your mining pool may have a monthly or quarterly payout schedule, or you may be responsible for manually moving your Bitcoin from your account to your wallet.[14]
Some mining pools may only allow you to transfer Bitcoin to your wallet once you have a certain amount, typically around 0.001 BTC. You may be able to withdraw smaller amounts for a fee.[15][Edit]Warnings
Avoid buying a used ASIC miner. They are prone to burnout, and may not last long enough for you to make any profit.
Cryptocurrencies are volatile. The market value of Bitcoin can and does change frequently. Don’t invest any more money in Bitcoin than you can afford to lose.
Don’t try to mine Bitcoin using your own CPU or GPU. While this used to be possible, the blockchain is far too advanced now for this to be a viable option. You’ll end up spending more on electricity than you make in Bitcoin, and will likely burn out your computer equipment.[16][Edit]Related wikiHows
Mine Litecoins
Buy-Bitcoins
Use Bitcoin[Edit]References
[Edit]Quick Summary↑ https://99bitcoins.com/bitcoin-mining/

↑ https://www.buybitcoinworldwide.com/mining/software/

↑ https://www.buybitcoinworldwide.com/mining/software/

↑ https://bitcoin.org/en/secure-your-wallet

↑ https://www.bitcoinmining.com/getting-started/

↑ https://www.genesis-mining.com/pricing

↑ https://www.bitcoinmining.com/getting-started/

↑ https://www.investopedia.com/tech/how-does-bitcoin-mining-work/

↑ https://www.asicminervalue.com/miners/bitmain/antminer-s15-28th

↑ https://www.bitcoinmining.com/getting-started/

↑ https://www.buybitcoinworldwide.com/mining/software/

↑ https://www.bitcoinmining.com/getting-started/

↑ https://www.bitcoin.com/guides/how-to-setup-a-bitcoin-asic-miner-and-what-they-are

↑ https://www.bitcoin.com/guides/how-to-setup-a-bitcoin-asic-miner-and-what-they-are

↑ https://slushpool.com/release-notes/

↑ https://www.bitcoinmining.com/getting-started/

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Today in History for 30th January 2020

Historical Events

1933 – “Lone Ranger” begins a 21-year run on ABC radio
1940 – Cor Jongert wins 6th Dutch 11 Cities Skating Race
1944 – The Battle of Cisterna begins in central Italy
1964 – Ranger 6 launched; makes perfect flight to Moon, but cameras fail
1977 – Allan Border scores 36 in his 1st-class innings (NSW v Qld)
1979 – Rhodesia (now Zimbabwe) agrees to new constitution

More Historical Events »

Famous Birthdays

1922 – Pal Jardanyi, Hungarian composer, born in Budapest, Hungary (d. 1966)
1937 – Boris Spassky, Russian chess player (world champion 1969-72, born in Leningrad, Russia
1941 – Dick Cheney, American politician (Vice President: 2001-2009), born in Lincoln, Nebraska
1953 – Fred Hembeck, American cartoonist, born in Yaphank, New York
1967 – Jay Gordon, American musician, born in San Francisco, California
1974 – Martina Jerant, Canadian basketball player (Olympics 1996), born in Windsor, Ontario

More Famous Birthdays »

Famous Deaths

1816 – Reinier Vinkeles, Dutch engraver and art collector, dies at 74
1976 – Percy Tyson “Plum” Lewis, cricketer (pair in only Test for S Af), dies
1987 – Angelo Rutherford, actor (Willie-Gentle Ben), dies at 32
1991 – John McIntire, American actor (Naked City, Wagon Train, Virginian), dies of emphysema at 83
1998 – Ricky Sanderson, stabbed 16-year old girl in NC, executed at 38
2018 – Mark Salling, American actor and musician (Glee), commits suicide at 35

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How to Apply for Survivor

Survivor is notoriously difficult to appear on, thanks to the huge number of applicants they receive for each season of the show. If you are determined to endure the long and grueling process, not to mention perform and compete on the program, then you will have to begin with the rest of the pack. Applying to be on Survivor requires you to either submit a video application that compels the casting crew to choose you for the next round, or to stand out at a local open casting call. With a little determination, and a few new skills, your application will shine and you may just have a chance at advancing as a semi-finalist.

[Edit]Steps
[Edit]Meeting Survivor’s Eligibility Requirements
Have a US or Canadian passport as a citizen. CBS has two requirements that applicants for Survivor must meet. The first of these is to be a citizen of either the United States or Canada, and to have a valid US or Canadian passport. Be sure to apply for a passport well before you plan to apply, if you don’t already have one.[1]
Having a passport is a requirement because Survivor is filmed on location around the world. Without a passport, you will not be able to film the show.
Be over 18 years of age, or older in certain US states. For most states and provinces, you simply have to be 18 or older to apply. Applying on your 18th birthday would be perfectly acceptable in these areas.[2]
Alabama and Nebraska residents must be 19 years or older.
Residents of Mississippi and the District of Columbia must be 21 years or older.
Be in good physical and mental shape. During later phases of the application process, if you proceed past the first, will be asked to complete medical history checks and undergo both physical and psychological fitness exams.[3]
You should be physically fit and have no major medical issues that could impact your performance.[Edit]Filming Your Application Video
Write a general sketch of your video. A Survivor application video must be no longer than 3 minutes, and should showcase your unique personality and features. Your video can take any format you choose, so long as you are showing off your life story and your experiences.
Successful videos are often filmed in a variety of scenic locations, mixed in with narration over videos and images that show off your past, your life experiences, and your day-to-day life.
Tell good stories about yourself. Using specific examples will always be better than listing facts about yourself. The video is a narrative like any other, and it should have a clear structure grounded in the story you want to tell about yourself.[4]
Bring up your most interesting traits. If you are from an area of the country most people have never been to, talk up your attachment to your community. If you work a particularly uncommon or difficult job, highlight the skills you have learned.
Relate yourself to the show. The casting crew wants to see your knowledge of the show along with your personality.
Use a camera to film your video, not a phone. Even though most smartphones have high quality cameras, it is better to rent or borrow a nice camera that will film you in the way only real cameras can. If you must use your phone, be sure to keep it horizontal, or landscape, rather than vertical.[5]
The casting team watches videos on a TV screen, so your video should have the right dimensions to comfortably be viewed on a TV.
Film your video in a quiet, well-lit space. You can film outdoors or indoors, but always choose a spot that is quiet and away from busy areas. The lighting should always be facing toward you. If the sun is directly behind you, move so that it is not making it hard to see your face.[6]
Filming outdoors can create an image that is in line with Survivor’s premise, by suggesting that you are comfortable outside.
Shoot outdoors during the day unless you have a good reason to film at night. Natural sunlight will be more flattering than no light or bright artificial ones.
Wind can make it difficult to hear your voice. Shoot outdoors only if it is not windy.
Give a good delivery. Speak in a clear voice that will be audible in the video. Enunciate your words and use a voice that is audible to everyone in the room. You should speak in a tone that readily grabs attention, rather than a monotone or one that conveys an over-eager attitude.[7]
Avoid reading from a script. Memorize at least the general structure of what you wrote, or memorize your lines cold if you wrote exactly what you plan to say.
You can also just improvise and try several different phrasings of each idea you plan to introduce. This will make sure your video has a natural, conversational flow.
Edit your video using editing software. There are many editing suites available to you. Apple computers come pre-installed with iMovie, while newer Windows computers have a simple editing tool in the Photos application.
There is also third party software available, like Lightworks, which is a free download, and Adobe Premiere, which is a more expensive and complicated option, with many more features.
At a minimum, you will have to learn how to import your raw footage and splice the clips together, cutting or “trimming” unnecessary footage.
Keep in mind that you are not being judged on your editing skills. The video can be a rough cut so long as it looks clean and your personality shines through.
Add pictures and videos of your daily life. As you edit, you will likely want to include images or videos that depict what you spoke about on camera, or ones you wrote down in your outline and plan to record a voice-over for.[8]
Be sure to keep the audio layer in place as you cut out the video and replace it with a new photo or clip, or add each layer separately for a voice-over. Most editing tools have separate audio and visual layers that you can freely edit.
Use a soundtrack under your narration to keep the pace up. While it is not necessary, adding a soundtrack with some of your favorite music that fits the image of yourself you are presenting can help your video feel more exciting.
Listening to someone talk for 3 minutes can be tiring, but with the right music you can liven up the casting crew’s experience.
You can use select portions of a few songs to mark transitions. When you switch topics, a new song can make the change clearer.
Attend a local casting call rather than film a video. At peak application times, usually in the months preceding a new season, CBS will host open casting calls in select US and Canadian cities. If you attend one of these, they will film your audition and there is no need to film a tape on your own. Be sure to bring your photo I.D. to an open call.[9]
An open call is a great opportunity for someone without the time or resources to write, film, and edit their own application video.
You can attend an open call in addition to submitting a video to raise your chances.
Check for open calls at https://www.cbssurvivorcasting.com/opencalls.[Edit]Filing Your Application Online
Go to the Survivor application website. The URL is https://www.cbssurvivorcasting.com/apply. There, you will find the online application for the show. Be prepared to fill out the entire application at once and upload both your application video and a recent photo of yourself in a standard file format.
You must complete the application in one sitting.
Enter your basic contact information. This includes your name, email, phone number, and address. This information will provide CBS with a way to reach out to you if you are accepted, as well as to narrow down candidates by location.[10]
Provide your appearance information. You will be asked to share your date of birth and gender, as well as your height, weight, hair color, and ethnicity. CBS will use this information to sort the applications and choose applicants in a certain demographic or appearance range to fill slots for each season.[11]
Describe your situation. The application asks for your current occupation and past education, your relationship status, and your familiarity with Survivor. You should be honest about your situation, and it should match the information you provided in your application video.[12]
Write a 500 character biography. You should take time to write a thoughtful, exciting, and compelling biography that summarizes who you are. Don’t copy what you say in your video, but do try to capture your main selling points briefly. This is a sales pitch for yourself, so be sure to take it seriously.[13]
Have a friend proofread your biography. You won’t want typos in your application, as this can reflect badly on you.
Share your social media accounts. CBS will want to know what your online presence is like, in order to confirm that you are a good fit for the show. The social media they request are Facebook, Twitter, Instagram, and YouTube.[14]
You may want to emphasize your worthy traits on social media in the months leading up to your application, but don’t cram them all in or make them seem forced.
Upload your picture. The picture should be a high quality portrait of you. There should not be anyone else in the photo, and your face should be clearly visible. The file must be less than 5MB, and in one of the following formats: .png, .jpg, .jpeg, or .gif.[15]
Your picture should be recent, and match the description you gave in the application.
Submit your video. The file you submit must be less than 50MB and be in one of the following formats: .mpg, .mpeg, .avi, .mp4, .wmv, .mov, .3gp, or .mkv. Before uploading, watch the video one more time to check for any problems with the file.[16]
Give your file a helpful name, like one that includes your full name and the phrase “Survivor Application Video”.
Wait for a response. Only those who CBS wishes to move forward are accepted as semi-finalists, so if you don’t hear back by the end of the September before the season you applied for, you most likely were not selected.
Submit a new application or attend a casting call again if yours was not accepted. While you will have to create a whole new video and file the application again, the good news is that you can apply as many times as you want. Unless you were a finalist in the casting process, you still have another chance at being on Survivor.[17][Edit]References↑ https://www.cbssurvivorcasting.com/faq

↑ https://www.cbssurvivorcasting.com/faq

↑ https://denver.cbslocal.com/survivor-eligibility-requirments/

↑ https://www.cbssurvivorcasting.com/videotips

↑ https://www.cbssurvivorcasting.com/videotips

↑ https://www.cbssurvivorcasting.com/videotips

↑ https://www.cbssurvivorcasting.com/videotips

↑ https://www.cbssurvivorcasting.com/videotips

↑ https://www.cbssurvivorcasting.com/opencalls

↑ https://www.cbssurvivorcasting.com/apply

↑ https://www.cbssurvivorcasting.com/apply

↑ https://www.cbssurvivorcasting.com/apply

↑ https://www.cbssurvivorcasting.com/apply

↑ https://www.cbssurvivorcasting.com/apply

↑ https://www.cbssurvivorcasting.com/apply

↑ https://www.cbssurvivorcasting.com/apply

↑ https://www.cbssurvivorcasting.com/faq

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