Everything Bitcoin in Baby Language by Rodney Ossai - HTML preview

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 READY TO BEGIN

 1. Plug in your USB miners to your USB port

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RED FURY

 2. Find the folder where you save BFGMiner and unzip the file

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3. Right-click bfgminer.exe and Create Shortcut

 4. Right click the shortcut to bfgminer-shortcut and click on Properties

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  • Find the “target” box, and add the following information: · -
  • o YOUR POOL MINING ADDRESS
  • u YOUR USERNAME
  • p YOUR PASSWORD
  • G (if not using a graphics card on the same machine)
  • S all
  • icarus-options 115200:1:1 –icarus-timing 3.0=100

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The actual values you put in should look like this

 -o http://stratum.btcguild.com:3333 -u username_workername -p 123 -G -S all–icarus options 115200:1:1 --icarus-timing 3.0=100

 You can then move the shortcut to your desktop for easier access. To access your BFGMiner, double click on the shortcut you made and your miner should start.

 You should read though the README.TXT file that came with the BFGMiner zip file to get to know how the miner works and it’s functions if you’re not familiar with BFGMiner program.

 PLEASE NOTE

 The bitcoins are not actually stored in the address; they are still on the web. In fact, the address is just the bank account number and the private key is the bank login. The bitcoins are not stored on your computer’s hard disk or on your phone storage; the private key is stored on your computer hard disk so if your PC crashes and you know your private key maybe because you have copied it out, you have no problem you can still access your coins.

 Your Bitcoins are stored on the internet inside the blockchain and every computer on the bitcoin network has a copy of the blockchain or database of records.

 PrivateKeys(bank logins) are tied to every address(Bank Account Number) and the private keys now help you prove that you are the owner if the bitcoins tied to an address.

 All bitcoins in the system are stored in the blockchain and a copy of the blockchain is stored on every PC on the bitcoin network. If you install the Bitcoin PC application [Windows or Mac] your private keys are saved inside the wallet.dat file.