Friday 23 November 2018

How to mine Bitcoin (BTC)?

You've heard about Bitcoin mining and you want to try it, but you do not know what to do? We therefore tell you how to proceed step by step to achieve it.

Equip you accordingly

The first thing to do before mining Bitcoin is to equip yourself accordingly. Indeed, even if it was possible to mine with a simple computer a few years ago, it would be difficult now. Your poor performance will not even allow you to pay back the electricity you will spend on mining. For this, you will need an ASIC card. This is a map that you install in the same way as a graphics card and that will allow you to have the power to mine without it is too much energy intensive.

However, if you want to avoid such an investment, you can also use cloud mining. It is a system that allows you to use the equipment that another company makes available to you under a lease. That is, you will rent the equipment of this company instead of investing in your own equipment.


To undermine you will also need to download two things. The first is a wallet. This will allow you to receive and store your Bitcoin. However, please secure it. For this purpose, we advise you to create a complex password and choose a portfolio with several protection systems. But you will also have to download a mining program. Most are open source and free. We advise you to opt for the CGMiner or BFGminer programs which are the most effective. However, be sure to tie the two together to make sure you are getting the gains from your mining.

Choose how you want to work

You have two choices. The first is to work alone. However, you will have to make a huge investment to be competitive and make money. On the other hand, if you succeed in undermining, you will receive the full reward. The other method is to register on a mining pool. This solution will allow you to earn money faster because the mining efforts will be shared between all members of the pool. However, the money will be shared based on your contribution to the pool. In addition, operating costs will be deducted from your earnings. They usually rise between 1 and 10% of their amount.



Some interesting pools for Bitcoin

If you decide to mine through a mining pool, you still have to be careful to choose a reliable and profitable one. That's why we especially recommend Genesis Mining (3% discount on your GENESIS MINING contract code: 8D7cYP). It is indeed a reliable site and easy to use for beginners. For advanced users, we recommend opting for AntPool or BTC.com which are two of the most effective pools.


Is Miner Bitcoin profitable?

Since Bitcoins can be mined, one may wonder if it would not be worth the cost of mining them yourself, rather than trading them. In reality, this is not profitable for most people. Miner requires a very powerful computer, which is expensive. And the electricity bill is also to be taken into account. For this to be really profitable, you have to start a farm, which is a real business in itself. Finally, with the constant evolution of the currencies, your material will be quickly exceeded (as well as the coins that you chose to undermine).


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