Bitcoin Mining: How to Mine Bitcoin to earn money online?
Bitcoin Mining: Many people ask what is bitcoin mining or how to earn money. But people forget to ask in the first place is that what is Bitcoin. To put it simply Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Now after you know that it is obvious that you want to know how to get or mine Bitcoin and whats the procedure is. Well, this is one of the most commonly asked questions and many people give false information and false narratives.
In this article, we will explain what is Bitcoin Mining and How you can do it.
What Is Bitcoin Mining?
Bitcoin mining is the process of creating new bitcoins through the solution of exceedingly difficult math problems that verify bitcoin transactions. The miner receives a predefined amount of bitcoin when a bitcoin is successfully mined.
It’s logical that as the price of cryptocurrencies, particularly Bitcoin, has risen in recent years, so has an interest in mining. The majority of individuals, however, do not see Bitcoin mining as a viable option because of its complexity and hefty expenses. Here are the fundamentals of Bitcoin mining, as well as some important concerns to be aware of.
One thing to be noted, Even if bitcoin trading is profitable bitcoin mining is quite the opposite. Fullelaboration and steps to mine bitcoin are given below.
How to mine Bitcoin?
It is very easy to start mining bitcoin though profitability depends on several factors. And as well as that several requirements have to be fulfilled if you want to mine bitcoin.
Requirements to Mine Bitcoin
- The first requirement to mine bitcoin is to have a good computer specifically used to mine cryptocurrency.
- One must have a good GPU to mine bitcoin in the first place.
- If he/she doesn’t have bitcoin he can use Cpu instead but it is not recommended.
- Lastly, he should have the proper software installed to mine bitcoin.
These were the listed requirement a person must have to at least start mining bitcoin.
Steps to mine Bitcoin
Install a reasonable operating system. And optimize it according to the specs of the mining software. It is very crucial that a miner chooses a good operating system because the mining takes a lot of space so it is needed that a person can do side work as well as mine freely.
Step 2 is a bit advanced and a bit moronic, it is the last step before starting to mine. It is that if you are using any extra GPU or CPU u must add it to your computer and reboot. Please make sure that it is well working so that you don’t have to always fix it later.
At last, we are here at step 3, It is the most vital part of earning or mining bitcoin. Now you have to select and choose a mining pool and software to start earning bitcoin. If you don’t know any I have listed those below:
These are the top 12 bitcoin miners. hope you do well research before using one of them.
Now that you have chosen your miner you just need to connect the power supply and the miner. Rest easy you have to sit back and earn. These were the complete steps for starting bitcoin mining.
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