Whether someone like it or not, we’ve already entered the era of decentralized cryptocurrency and the pioneer among these plethoras of different types of cryptocurrencies is no doubt, Bitcoin which took the world by storm. With more sites continuing to offer things like bitcoin revolution sign up, there’s no sign of it slowing down.
For the past few months, the value of BitCoin is declining but that does not mean it is going anywhere. This might be something to bear in mind when trading. Reading this bitcoin profit review would also be useful. While the ebbs and flows are the part of the normal trading process, one thing is for sure, the BitCoin and the cryptocurrencies are here to stay. So it’s wise to get your hands on a bunch of them while they’re undervalued and for the same purpose, today’s article is about an automatic and smart bitcoin miner, Computta.
What is Computta?
Computta is a bitcoin miner which uses your computing resources to mine bitcoins. This process is commonly called shared mining. All you have to do is download the computta software (smart miner), install and run it on your system. That’s it. The miner runs on the background and by using your computing resources will mine the cryptocurrency for you in a full automated way.
Prerequisites of Computta.com
To join Computta you can visit this link and become its member straightaway.
However, Before you signup, there are a couple of things that you’d need to pay attention to. These are the system requirements (read below) and having your own cryptocurrency wallet. Since Computta pays you in BitCoin, you need to have a BitCoin Wallet address in order to receive the payments. Though this does not mean that you cannot become a Computta member without having one, but you won’t be able to redeem your funds until you provide your wallet address. A bitcoin wallet is an essential part of any cryptocurrency transaction; it allows you to withdraw and transfer funds, among other benefits. If you want to learn more about the uses for a bitcoin wallet, you can click here.
If you don’t already have your own wallet address then don’t worry. It’s not complicated at all. Even I obtained my address after becoming the member. To help you out, I’m using this BitCoin Wallet. It’s safe and secure and absolutely free. Just download the software and follow the instructions.
For beginners, during the installation process, leave the default settings as is and you will be good to go.
Once installed, make sure that you generate your wallet address and submit it at Computta.
To add your BitCoin wallet address on Computta, go to Profile from the main menu bar and then click Payment Settings.
How To Download And Install Computta?
Before downloading and installing the Computta bitcoin miner on your system you need to make sure that your system fulfills the minimum requirements to support the software.
- Windows Operating System (64-Bit). These include Windows XP, 7, 8 and 10. Unfortunately for MAC users, it seems like that you guys will have to wait.
- Minimum 205mb disk space.
Once you’re satisfied that your system meets the requirements, you need to first become a member by signing up for computta. It’s absolutely free and all you have to do is follow this link.
After signing up, follow the below steps to download the smart miner:
- From the menu bar on the main screen, click, Download Smart Miner.
- You will be taken to the download page. Click the image which says, Click to download computta smart miner to start the download. It’s a 67.0mb file so wouldn’t take long for any person with a decent internet connection.
- Go to the location in your computer where the file has been saved and double-click the installer.
- Select the location where you want the software to install. Once the software installs, go to that location and then run the file.
Benchmarking is the process of analyzing your earning potential on Computta. The benchmarking process runs a test gauging the processing power of your device and then comes up with a monetary amount. This is the maximum income you can expect to generate from Computta using your particular system at maximum capacity.
Though optional, but the benchmarking process offers to run the very first time you run the smart miner on your system. However, you can always run the benchmarking process on your own accord as well. Just go to File and select Restart Benchmark in the smart miner’s control panel. (See the control panel’s image below)
I happen to benchmark my earning potential and here are the results:
As you can see the maximum I can earn from Computta is $25.78. However, it’s also necessary to see what computing resources do I have at my disposal.
Well, I’m running Dell Inspiron 5565, 12.0 GB RAM, 2.50 GHz, AMD A12-9700P Radeon R7, 10 Compute with Windows 10, 64-Bit OS.
Even if you have a tidbit knowledge of computers you can see that the specs are good but not good enough. It’s a normal domestic laptop with normal (or I’d rather say below average) computing power. You can up the ante with a more “heavy” system. Say, a gaming laptop. Remember, higher configurations mean higher income.
How To Maximize Your Earnings On Computta?
Well, primarily what you can do is buy a hi-tech, modern and resource intensive system. I know this comes at a heavy price and in case, you’re not able to afford it, then you can rely on alternatives which are:
- Refer as many people as possible to Computta.com. Of course, using your own referral link.
- Install and run Computta miner on as many devices as possible.
Computta Referral Program
The real spike in your earnings come from Computta’s Referral Program. All you have to do is by using your referral link provided by Computta, invite new users to join and use this platform. You get a cut from their earnings. However, just inducting new members is not enough. You need to have them actually run the software. The more your referrals earn on Computta, the more your own income will be.
The best thing about Computta’s referral program is that it is multi-tiered. This means that even the referrals of your referrals can help you make money. And this happens till the fifth level.
So at each tier, you earn:
- Tier 1 = 10.00%
- Tier 2 = 5.00%
- Tier 3 = 5.00%
- Tier 4 = 3.00%
- Tier 5 = 2.00%
Roughly speaking you can potentially earn up to 5.00% (on average) of all your referrals’ earnings.
Just to illustrate this concept visually, here’s a helpful image to fathom the multi-tier referral concept and your earning potential.
How Much Money Can You Make From Computta?
To be honest, there’s no concrete answer to it as your earning potential depends on many factors. From your own computing resources to how many hours you run the smart miner, what mining settings do you use (read below), on how many devices do you use Computta in a single time, how many referrals do you have etc.
At the same time, since BitCoin is still not the “mainstream” currency and sooner or later you’ll have to cash them in the fiat currency, it’s natural that you will calculate all your earnings in dollars (or other local currency). Therefore, the overall exchange rate also matters a lot.
However, one thing I can say for sure. With decent computing prowess and a healthy and active referral “lineage” you can earn yourself a reasonable passive and to a great extent, recurring income.
Roughly speaking, let’s assume my earning potential from the benchmark above which is $2.12. Now, let’s suppose my referral lineage is made up of only one referral per tier. They all make from Computta what I do which is $2.12 x 5 = $10.6
Overall, I’ll get 5.00% of their earnings hence my monthly income would be:
$2.12 + ($10.6 x 5.00%) = $2.65
This doesn’t sound too much. Right?
But I can always increase my earnings “exponentially” by getting more referrals in my downline. What if I have 10, 50 or even 100 times more referrals than what I’ve mentioned above. Just imagine the income potential then. And that’s without any active “work”. 100% of it is passive while you’re working on your other money making projects.
Moreover, according to the Computta itself, an average computer can earn $22.80 a month.
How Much Resource Does Computta Smart Miner Need On Your System?
Did you notice that I keep using the term “smart” in Computta Smart Miner? So what’s so smart about it?
While you can manually choose your settings to dedicate the required resource for Computta but at the same time, you can allow it to mine whenever your system is idle. You can apply all these settings from easy-to-use smart miner’s control panel.
Have a look at the Computta’s control panel:
As you can see there are 5 levels of “mining”. The 100% – full throttle option consumes the maximum computing resource. When I tested this on my system, it was devouring 40% of my CPU. I experienced some lag when surfing the internet as the websites took some time to load. So it’s definitely not the best option when you’re working on your system.
Of course, the 90% and 50% options are also viable options but I prefer using the “smart” option.
Using the smart option, computta only mines when either it is plugged into the power source or when your system is idle.
Now, the question is that how much time needs to pass to consider the system idle? How much GPU and CPU should computta consume while you’re working on the system and while the system is idle? Well, you can adjust these settings as well. Just click the Advanced Settings options.
If you look at the image, I’ve instructed Computta to consider the system idle when it notices no activity for 1 minute. In that case, consume almost all the GPU and CPU. However, as soon as it notices that the computer is in use, consume 25% of my GPU and around 25% of my CPU. Just keep in mind that these settings only apply when my device is plugged into a power source.
So you see, you can play around with these settings and see what’s the optimum settings for you.
Analyzing Computta Profit
At the end of the day, what matters is how much profit you’re bringing home. Or how much food are you putting on the table? So it’s necessary to work out the cost and profit of using Computta.
I’ve researched a bit and figured that my system consumes somewhere around 50 Watts which when we translate into KiloWatts-hour would become:
- (50 watts / 1000) x 24 hours = 1.2 KW-hrs
- My electricity rate is $0.047/KW-Hrs
- 1.2 KW x $0.047 = $0.056 per day x 30 days = $1.7/month
- My benchmark stated $2.12 per month so this gives me a surplus of ($2.12 – $1.7) $0.42.
This appears to be meager but again, it’s a surplus nevertheless. Additionally, I can always increase my income using my affiliate earnings (which are pure profit by the way).
Minimum Payout Request
Before requesting a payout you need to earn at least 5 mBTC. An mBTC is a milli (or thousandth) of a BTC. So 1 mBTC is 0.001 BTC which according to today’s exchange rate, amounts to $6.7.
However, since everything you earn is in BTC, you don’t need to worry about the dollar part.
How Many Ways Can You Make Money On Computta?
There are 3 ways you can use Computta to make money. By:
- Running the smart miner on your machine
- Referring people to Computta
- Participating in the monthly contest. Computta holds contests on a monthly basis where the top performers earn good money. For e.g. in January 2018, the person who referred the most people won 30 mBTC. There are many more prizes like these.
Is Computta Scam or Legit?
Though the website is relatively new (not even 2 years old at the time of this writing) but Computta is 100% legit compensating and paying its members ever since it came into existence.
So that’s what Computta is all about. In the era of cryptocurrencies, it’s good to get your hands on some of them. Can prove to be a good long-term investment if not anything else.
Anyways, thanks for reading till the end. If you’re really inspired by this BitCoin miner then you can become its member right at this moment. You just have to click here.
By the way, when I signed up, I was rewarded with a sign-up bonus of 1 mBTC. See if this is still valid. I’d truly appreciate if you become my affiliate.