How does cointellect work Well, it is more the question about what you want cointellect to work like for you.
You have two possible ways you can go. You can start mining on cointellect as you would do in any other mining pool too. Or you invest some BTC to let cointellect mine for you while you gain the profits. Of course you can also combine both to maximize your income.
Both ways require you to have your own account on cointellect, so first you have to sign up on cointellect.
Mining with cointellect You can start very easily to mine on cointellect. If you have absolutely no idea of mining, you only need to download cointellects mining software. You may get an alert that the software contains malware or something like but that is quite common for any kind of mining software. This is why some viruses are around which infect machines to mine for the author of the virus but in this kind we are absolutely fine with that this software is actually mining.
The other way is to point your classic mining software or your mining rig or whatever you are using to the cointellect mining pool. Therefore, cointellect have a special site on its member area where you can get the important details:
Server: stratum+tcp://66.55.92.73:8000
Algorithm: scrypt
Password: Any password (ex.: 123, etc...)
User: 74ddb879331f603b
what results in the example:
cgminer.exe --scrypt -o stratum+tcp://66.55.92.73:8000 -p 123 -u 74ddb879331f603b
or
bfgminer.exe --scrypt -o stratum+tcp://66.55.92.73:8000 -u 74ddb879331f603b -p 123
Note: This is to mine on my account, so you may have to replace the user with your own.
If everything went well you start mining right now and earn your own Euros with your hashing power.
Invest in cointellect mining contracts (cloud mining) If you don't have enough hashpower or it is just not profitable to you to mine with your own hardware you can buy a cointellect mining contract. These contracts allow you to mine without any own hardware.
All you have to do, is to choose a contract and buy it. For the payment you have at the moment the option between credit card (Visa and MasterCard) and BTC. In these cases I always suggest to pay with BTC to secure your own privacy.
After the contract is fully paid, cointellect will mine in your name with the bought hashrate. You can watch your earnings in real-time and get the payments every day on midnight.
If you need some help to chose between the different contracts, have a look on my profitability check. A proof of the profitability you can find in my contracts and also in the FAQ. There you find some screen shots of payouts and earnings.
You have two possible ways you can go. You can start mining on cointellect as you would do in any other mining pool too. Or you invest some BTC to let cointellect mine for you while you gain the profits. Of course you can also combine both to maximize your income.
Both ways require you to have your own account on cointellect, so first you have to sign up on cointellect.
Mining with cointellect You can start very easily to mine on cointellect. If you have absolutely no idea of mining, you only need to download cointellects mining software. You may get an alert that the software contains malware or something like but that is quite common for any kind of mining software. This is why some viruses are around which infect machines to mine for the author of the virus but in this kind we are absolutely fine with that this software is actually mining.
The other way is to point your classic mining software or your mining rig or whatever you are using to the cointellect mining pool. Therefore, cointellect have a special site on its member area where you can get the important details:
Server: stratum+tcp://66.55.92.73:8000
Algorithm: scrypt
Password: Any password (ex.: 123, etc...)
User: 74ddb879331f603b
what results in the example:
cgminer.exe --scrypt -o stratum+tcp://66.55.92.73:8000 -p 123 -u 74ddb879331f603b
or
bfgminer.exe --scrypt -o stratum+tcp://66.55.92.73:8000 -u 74ddb879331f603b -p 123
Note: This is to mine on my account, so you may have to replace the user with your own.
If everything went well you start mining right now and earn your own Euros with your hashing power.
Invest in cointellect mining contracts (cloud mining) If you don't have enough hashpower or it is just not profitable to you to mine with your own hardware you can buy a cointellect mining contract. These contracts allow you to mine without any own hardware.
All you have to do, is to choose a contract and buy it. For the payment you have at the moment the option between credit card (Visa and MasterCard) and BTC. In these cases I always suggest to pay with BTC to secure your own privacy.
After the contract is fully paid, cointellect will mine in your name with the bought hashrate. You can watch your earnings in real-time and get the payments every day on midnight.
If you need some help to chose between the different contracts, have a look on my profitability check. A proof of the profitability you can find in my contracts and also in the FAQ. There you find some screen shots of payouts and earnings.