Gone are the days of profitably mining for bitcoin on your macbook pro, however it is still technically possible to turn a profit but you’ll need some robust hardware. Note that if you attempt to mine on your personal computer you could risk damaging it.
To calculate mining profitability check out this calculator.
Here are the basic steps for mining bitcoin on Mac OSX.
Step 1. Create a wallet
Create a Bitcoin wallet at BlockChain.info and remember to save, write down and backup your Bitcoin address. You’ll need it in step 2. A bitcoin wallet is where you will store your mined bitcoin.
Step 2. Join a pool
Join a bitcoin mining pool, like BitcoinCZ Mining (aka Slush’s pool). A bitcoin mining pool allows your to join forces with other miners and share profits equally.
Step 3. Install bitcoin mining software
There aren’t a ton of OSX clients but we prefer MacMiner. Download, install and configure the application to send rewards to your BlockChain wallet.
Step 4. Connect your ASIC miner to your Mac’s USB port (if you bought one).
Step 5. Configure Mac Miner’s Pool Settings
- Open the FPGA/ASIC Miner window (from the View menu).
- Click on “Pool Settings” in the upper-left of the FPGA/ASIC Miner window.
- Enter your BTC address for rewards (from your wallet in Step 1)
- In the BTC area (bottom left) select the mining pool you chose from the drop down menu
- Enter your miner user and pass from your chosen mining pool (Step 2 above)
- Click “Save & start”
Step 6. Configure Mac Miner’s Miner Settings
- Click “Miner Settings” in the FPGA/ASIC Miner window
- Enter “-S all” (without the quotes, capital “P”) in the Devices/manual flags field
- Click Apply
Step 7. Click Start
Step 8. Profit!… Hopefully