How to mine Bitcoin Using Nicehash
Nicehash - Beginners guide to Mining Bitcoin
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hey guys what's going on vega here from
serpenex special forces in this video i
want to talk to you about
a beginner's or how to guide for mining
with nice hats nice hash is one of the
primary programs that a lot of the
beginners can get into and get familiar
with mining before venturing on to more
advanced
mining operations programs or otherwise
so without further ado and let's dive
right into it
mining has picked up steam quite a bit
recently considering the
prices of ethereum and bitcoin
now first things first is you need to
create an account we're seeing my
dashboard at the moment but to create an
account you just go to nicehash.com
click on get started and you will see
get started up in the top right hand
corner now if you already have an
account you just click login but when
you click get started you're going to
get over here to this register page
you're going to need an email address
and a password here the password
requirements right down here one
lowercase character one uppercase
character eight characters at the
minimum
at least one number and at least one
special character
and obviously the passwords both in the
uh
top and bottom need to match obviously
you need to confirm your country
and there's a number of various
countries that you can select from this
list here i'm in the united states and
then we want to confirm that our country
selection is correct and agree to terms
of service tos however if you don't want
to subscribe to the news and blog
updates you can certainly leave that
unchecked but you just hit confirm
and then create an account once you do
you're just going to go through the
basic steps of
normally you will get an email when when
you create an account on any website
you're going to get an email
in which you have to verify or validate
or activate or whatever it may be just
follow steps in that email
and then we're going to get up to the
main dashboard which is where we are now
now you're gonna need some mining
software nice hash has two things
uh a software that you can download on
windows or
a nice hash os we're gonna be focusing
on windows and i know a lot of my
advanced veterans out there
are going to be concerned that i'm
making newbie or
beginner's guides but it's really picked
up steam and cryptocurrency is drawing
in a lot of new people so this is
focusing on the windows version of
hash miner you can once you're in your
main dashboard
click on mining and then over here in
the top right hand corner you can see
download miner or
add asic now we need nice hash
miner for windows and we can download it
now what i like to do
typically is go straight to the github
and how i do that
is if i go to google and i type in nice
hash
miner github it will be the first
result but you always want to get it
through official sources so if you don't
feel comfortable doing that
just go ahead and go through your
dashboard
it's going to give you a wallet address
that you're going to need once you
select your miner
you're going to want to copy that
address and make sure that you plug that
in or hang on to it because you're
definitely
going to need that now typically you can
download the installer but i like to
install
or download the zip folder and then
extract that to a directory or
hard drive of my choosing you can quite
frankly even put this on a usb drive
if you're going to be moving from
machine to machine to copy and paste it
onto that machine or just let it run off
the
hard drive or usb drive so we're going
to click this
i use the default program winrar you
might use 7-zip or what have you but you
just want to extract it to a directory
that you're comfortable with your
downloads
documents whatever it might be once
that's downloaded
let me go ahead and pull it up here
these are the files that you're going to
see here
now this is just a basic setup and it's
got a lot more to do so what i like to
do though
on windows is i like to right click and
run as administrator
this will give us a couple of features
specifically on nvidia gpus that we
wouldn't have
access to if we did not run as
administrator so always like to run as
administrator
obviously if you're not the admin of
your computer then you might have to do
something else or reach out to your
system administrator
but we've got to accept the terms of
service with everything we do
unfortunately in this day and age
choose the language that we're most
comfortable with
and then here we are where we're going
to have to either enter
in our bitcoin address manually now
remember that address i was telling you
about
the one that you were supposed to copy
you can do that
or if you have the mobile application
you can scan it
in in the mobile application you'll see
a little qr code icon you click it and
then you can actually
scan and log in or you can log in
normally so with the email and password
that you created you can also do that
in this case we're just going to enter
our address
manually
now that's going to start installing and
doing everything we need
we can also add additional mining
programs
so it's going to install the default
applications but there's additional
plugins that we can also install there's
dark mode there's light mode there's a
number of things that are going to go
through in the settings in just a moment
now nine times out of ten when you start
to install this program on a brand new
computer or brand new windows
installation
your antivirus program or windows
defender or windows security is going to
block it
we want to prevent that now to prevent
that what we can do is we can see here
that it's already give us notification
we want to hit
allow on device now obviously i can
understand what i can be a little bit
concerning you can see i got a number of
them here right in front of me
i trust nice hash so therefore i'm going
to allow and restore
most of everything that it blocked now
you may not have this huge list like i
do
uh because it's not just nice hash i
also have various other programs on here
various other minors stuff like that but
you just want to make sure
that you allow nice hash to be able to
do its thing
also you can go down to virus threat
protection settings click manage scroll
down
and then add or remove exclusions now
you can add and what i would recommend
is either file
or folder go to folder and then go to
where
ever you installed or have your main
nice hash folder
now before we get started every program
or every
miner is probably going to want to run a
benchmark of some type nice hash has it
all built in
nice and neat for us but first let's go
to settings
first thing i want to do is change it
from light mode to dark mode
that's going to want to reset the
program let that reset
and then i'm gonna go through some more
options with you
so we got our address we can give it a
different name whatever you want so
let's say uh
nvidia one if i know how to spell in
video right
okay we can choose our time unit we can
add in our electrical cost whatever it
may be tencent per kilowatt sorry
uh we will also want to make sure our
server is correct now nine times out of
ten is going to default to
europe amsterdam but i'm located here in
the us but then we also have china japan
india brazil so choose what's right or
the closest for your location
once you're done with the general
section getting everything set up go
over to the advanced
and a lot of people like to turn on auto
start mining if this
rig or machine that we were on was
dedicated just to mining wasn't being
used by anybody else like my wife or my
children or anything like that
and what we could do is we could
actually have it start up
run on startup and then auto start
mining and what would happen is when the
computer
reboots power outage or whatever it will
automatically reboot
um if you have it set up hardware wise
because you also have to set that up
within your ue uefi if you wanted to do
that
to uh you know power on after
it loses power but just say every time
we restart the system we want
it to start mining just turn on these
two options if you don't want that you
want to manually control it and
leave it the way it is add stock i like
to also choose a couple other options
here when we scroll down
there's options for run script when cuda
gpu is lost
what this means is nice hatch miner will
run on
gpu loss batch to batch file
uh when it detects that one gpu has been
lost or anything like that we restart
the whole system i also like to
turn on nvidia p0 state which
will increase the performance of the gpu
or keep it in this p0 state throughout
most of its mining now this is going to
require a restart
so let's go ahead and do that
then we just gotta get the benchmark
going
and once we get the benchmark going
we're gonna be
able to utilize nice hash minder the way
we want to first let's check out plugins
we can see all the standard plugins here
we can even update them
but we can also install other miners
like for example i like to use
for nvidia t-rex miner we have to accept
terms there
also like to use tt miner and mini z
is is good but if you're if you're
unsure
which miner to get just install all of
them and let the benchmark determine
what is the best one because
you know for example t-rex minor right
now as a time of filming
is actually performing better than
phoenix minor when it comes to mining
ethereum i get just a little extra hash
rate
with the new t-rex minor compared to
phoenix minor
but if we install all the plugins that
we want
then go over to dashboard when i hit
start mining
instead of immediately mining it's going
to start to benchmark all the various
algorithms
now overclocking your gpu is very
important
but every gpu is different and i can't
tell you
use this exact setting for this exact
gpu however there are websites out there
including articles or blogs or whatever
that actually provide us information
about
you know what overclocks we should have
set
for example on reddit i have the 360 ti
to 3080 so on and so forth so maybe
check out some of those videos
on the performance results that i got
testing out those gpus
as well as any of the articles that i
linked but if you come over to what to
mine or
a various website there's plenty of good
calculators out there and you mouse over
the gpu you might have you can see here
it says
using plus 125 on the core
plus 500 on the mem with the tdp set of
75 percent
now we actually have a 3080 in this
system and it's saying
using 70 to 80 tdp unverified
so they're still testing that i already
have those numbers set up in my system
and i'll tell you what they are right
now
so with the gigabyte gaming oc
or eagle the best setting that i found
was 70
tdp or power limit minus 200 on the core
plus 1200 on the mem again each gpu is
different
so what you can do is you can tune
slightly
by dropping the power limit to about 80
percent and then
reducing the core or up in the core
depending on the algorithm because
that's the next hard thing
and this is just focusing on the
beginning aspects of starting to mine
some algorithms are core intensive and
some are memory intensive
so you're going to have to fine tune
your hardware
to meet the criteria that you're trying
to get right now we're trying to focus
on ethereum
which is why i have minus 200 on the
core and a high memory clock
so now if we hit start mining that's
going to go through a benchmark which
i'm not going to do because we're
recording
once it goes through everything we'll be
able to start
mining and that's going to accumulate
bitcoin what it's going to do is going
to mine various coins that are
profitable right now the most profitable
cryptocurrency to mine
if you can guess it is ethereum as we
mine ethereum other people are out there
paying
miners to mine to a specific pool
to a specific address on their behalf
and we get paid out from that
so you're gonna start to see your wallet
accumulate here right now it says zero
dollars but when we click on that wallet
we can actually withdraw those funds to
a cold storage wallet hardware wallet
a coinbase wallet whatever you would
like
but once you're set up once your
benchmarks all done
you want to fine tune your system
to kind of be in the middle and what i
mean by that is say my nvidia mix rig
that's
not currently visible is kind of set you
know like
plus 450 550 on the mem
uh you know plus a 120 125 on the core
for most of my gpus even though they
might be mining ethereum
and the reason i have it like that is
because if it's auto switching
between kapow uh kaku cycle
ethereum dagger whatever it's in this
middle ground to where it can flip
no problems because sometimes if you
have your overclocks too high or too low
and it switches to a much more core
intensive algo when it was on a memory
intensive
it can cause issues this is going to
require a deeper
dive and more questions that you might
have
feel free to leave them in the comments
below that's going to be pretty much
it for getting started we got nice hash
downloaded we created an account
we entered our bitcoin address we set up
our worker name
we chose our server location
we changed any advanced settings that we
wanted to whether we wanted to run on
startup and start mining automatically
every time the system restarted a reboot
another good thing by the way that you
can set up
is
start mining when idle what this will do
is if say for example you move the mouse
and you want to start doing some
browsing maybe order pizza
it will stop mining if you move the
mouse and open up a game
it will stop mining anytime the system
is idle
it will automatically mine for you that
would be a good option if this was your
main system
and you like gaming and doing using it
as a regular
but wanted to mine during downtime this
option is very good so you may want to
check that
but besides that the settings that you
have in here
the advanced scripting that you'll see
for nvidia is not available for amd
you can check that and get a little bit
extra performance
check your plugins install the miners
that you want or all of them if you're
not sure
occasionally there will be an update uh
which will be notified up here in this
little
blue dot just make sure you update your
plugins
and continue to mine get into the game
start accumulating bitcoin
and good luck to you because i don't
believe
cryptocurrency is going anywhere anytime
soon and
whether it's bitcoin ethereum or any of
the top cryptocurrencies
i believe it's going to be here to stay
for a while i know there's a lot of them
out there i know there's a lot of
projects and coins that you can support
and you can mine directly
and nice hashtags support every single
one of them but nice hash is the easiest
way
to get in besides awesome minor which
will be upcoming
in another video so stay tuned for that
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i'll catch you guys in the next one
take care and have a great day
