What is BitMinter?

Bitminter is a mining pool that aims to make it easy for anyone to make bitcoins. Everyone should have the opportunity to take part in the currency revolution that is Bitcoin. We create new bitcoins and help process transactions. If you take part in this work then you will get your share of the coins we create and the income from transaction fees.

What do I need?

Making bitcoins with a normal computer is not profitable due to electricity costs. Bitcoin ASIC devices is efficient hardware for making bitcoins. KnCMiner produces good ASIC hardware. The Bitcoin wiki has a comparison of ASIC hardware.

Getting Started

2. Bitminter client: Hit the start button to start Bitminter client. You get bitcoins for the work it does. Works on Windows, Linux and Mac. Requires updated Java.

Other clients: bfgminer, cgminer, etc. Connect to the pool at stratum+tcp://mint.bitminter.com:3333 (Stratum) or http://mint.bitminter.com:8332 (GBT or getwork). As user name put your Bitminter user name, an underscore, then a worker name, e.g. DrHaribo_asic3. In case you have firewall issues, port 443 and 5050 (Stratum) and 80 (GBT/getwork) are also available. Any password is accepted.

3. Get a wallet to transfer your coins to. Make sure you secure your wallet.

Reward System

Your work is recorded in shifts. When we create a new block you get a share of the income proportional to how much of the work in the last 10 completed shifts is yours. This reward system is known as PPLNS with shifts. From 2013.04.20 onwards there is a 1% fee on mining income.

Not only new coins are paid out but also income from transaction fees. To increase income further we also generate namecoins, which take no extra effort. You can read more about namecoins at dot-bit.org.

What is Bitcoin?

Bitcoin is a digital currency. You can use bitcoins to pay for goods and services and there are exchanges where you can buy and sell bitcoins. There is no central bank and anyone can make new coins. Coins are created at a controlled rate and there will never be more than 21 million coins. Watch this video for an introduction: