bitcoin mining illustration (qwords.com)
How to mine bitcoin is indeed not something easy, especially for beginners who just want to do it. This is because in mining, it requires qualified tools and equipment.
Now bitcoin is one of the best types of investment which is increasingly popular among the public. In making this type of investment, there are several ways that you can do as a beginner. One of the ways that you can get new bitcoins is by mining bitcoins.
For some people, mining bitcoin is certainly not an easy matter. It’s just that, if they do it seriously then they can get profitable opportunities.
Therefore, if you are interested in pursuing this one investment, it is better if you know in advance what bitcoin is and how to mine or mine.
What is Bitcoin?
Bitcoin as a cryptocurrency which means digital currency or virtual currency. Bitcoin owners can use the digital currency as a means of payment in buying products or paying for services.
The founder of bitcoin investment is Satoshi Nakamoto, who first made its debut on the internet in 2009.
Bitcoin is not controlled by a bank, but instead has the support of decentralized peer-to-peer technology.
The way bitcoin works is quite unique. Basically, each bit of bitcoin is a computer file that is stored in a digital wallet application on your cellphone or computer.
These bitcoin owners can make transactions by sending their digital money through the digital wallet.
There are three ways you can get bitcoin, including buying bitcoin with money, selling goods and receiving payments with bitcoin, and mining or mining bitcoin via a computer.
The term mining in investment is closely related to how to get bitcoin. Bitcoin mining or bitcoin mining activities are like mining gold. This mining can be done using a computer device and software on the bitcoin mining server.
To mine bitcoin, miners must have very powerful computers, large electric power, and super fast internet stability. This is because the mining activity of bitcoin must have large computing power.
4 Cara Mining Bitcoin 1. Pool Mining
The first way to mine bitcoin is by mining in a mining pool. In simple terms, you will join the force with other miners in a pool to mine bitcoin.
Furthermore, you can share the rewards of the results obtained from mining bitcoin.
How to use it, you must register to a pool. Then, all the miners in the same pool agree to share the bitcoin revenue with the rest of the pool.
2. Cloud Mining
This cloud mining method is a bitcoin mining method that does not need to have sophisticated computing tools. You only need to use the service providers of cloud mining, for example, you can use genesis mining, hashing24, hashflare, and others.
The advantage of this method is that you don’t need to have in-depth knowledge of mining hardware.
In addition, you also don’t have to buy expensive equipment to mine bitcoin. However, this method of mining with cloud mining has a high risk.
3. Solo Minning
The next way is solo mining which can be an alternative to mining bitcoin. This way, you don’t have to share rewards or income with other people. However, you certainly have to provide sophisticated computing equipment which includes PCs, motherboards, hard drives, graphics cards, RAM, and so on.
You also need to provide large electrical power and be able to solve mathematical algorithms that are quite complex to generate bitcoins.
In general, solo mining is usually done by experts so it is not easy for beginners to use.
You can use hardware ASICs (Application Specific Circuit Chips) to mine. In addition, you also need to use bitcoin mining software, including Bitcoin miner, easy miner, BTC miner, CG miner, and BFG miner.
4. Platform Trading Bitcoin
The last method of mining bitcoin is using the bitcoin trading platform. This option can be a solution because you only need to download the application on the cellphone. Several types of bitcoin mining applications include :, Crypto Miner, Cryptotab, MinerGate Eobot, Bitzfree, AA Miner, NeonNeon Miner, and Droid Miner.
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