I prefer to use the Eligius bitcoin mining pool because the pool takes no cut (compared to the larger, more popular BTC Guild, which takes 3-5%). The “getting started” for the Eligius Bitcoin mining pool doesn’t show how to configure Phoenix2, which is faster than, and supports more features over the older Phoenix 1.xx miner. Here’s a quick/dirty tutorial of how I set them up to work together on my machine.

NOTE: It’s cheaper to buy bitcoin on an exchange than to mine it. The cost of a dedicated machine will probably take 1-2 years to recoup.

Extract it to a folder on your hard drive, like c:\phoenix\. Anywhere. Doesn’t really matter.

Step 2: Create phoenix.cfg

Create it in that same folder. It should contain something like this. Once running you can play around with some of the parameters.

[general] autodetect = +cl -cpu verbose = False backend = backups = failback = 600 queuesize = 1 ratesamples = 100 logfile = False [cl:0:0] name = GPU 0 kernel = phatk2 aggression = 1 bfi_int = True fastloop = False goffset = True vectors = True vectors4 = False worksize = 128

Once running, you can tinker around with these last parameters to get the highest Mhash/s rate. You will want to change the username to be the backend property to be where you want your rewards to be sent when the pool finds a new block (ideally yourself). You will also need some luck for the pool to start finding Bitcoin. You can generate a higher chance of that happening by donating bitcoin to 1PhiLHuzbozkqVkWYZEUiptKNGYNfne9Hb

Step 3: There is no step 3. Just run phoenix.exe from that folder. Go find something to do while your computer makes you money.

Source: philihp.com