Beginners Guide to Mining Bitcoins
Last updated on December 18th, 2017 at 06:06 pm One of the biggest problems I ran into when I was looking to start mining Bitcoin for investment and profit was most of the sites were written for the advanced user. I am not a professional coder, I have no experience with Ubuntu, Linux and minimal experience with Mac. So, this is for the individual or group that wants to get started the easy way. 1. Get a Bitcoin mining rig Bitcoin mining is a very competitive niche to get into. The best way to do this is through the use of a Bitcoin mining calculator. Once you’ve finished with your calculations it’s time to get your miner. ReleasedHow much electricity does your miner consume? As a side note it’s important to state that in the past it was possible to mine Bitcoins with your computer or with a graphics card (also known as GPU mining). 2. First thing you need to do is get a “Bitcoin Wallet“. 3. When choosing which mining pool to join you will need to ask several questions: 4. 5. Happy mining!!