Beginner´s guide to mining Bitcoins: How to mine Bitcoin step by step

5 Minute Fitness Play5 Minute Fitness Play July 04, 2021

 

Beginner´s guide to mining Bitcoins: How to mine Bitcoin step by step


Beginner´s guide to mining Bitcoins: How to mine Bitcoin step by step Techno SerialJune 22, 2021 Are you interested in mining Bitcoins but don´t know much about cryptocurrencies? Then you may welcome our detailed manual for beginners that will tell you how to mine Bitcoin step by step. If you want to learn more about the principles behind mining and how Bitcoin mining works, read our article Bitcoin mining in theory: what is the principle of mining? If you want to start mining in the first place, you have to own a mining rig. Although in the beginning of the Bitcoin history, miners used ordinary domestic computers, and later graphic cards, today you will not acquire any Bitcoin with these machines (or more precisely you may gain something, but it will be a really small amount in a very long period of time). Video link Nowadays, Bitcoins are mined by special hardware designated just for mining Bitcoins or other currencies based on the same algorithm. It is called ASIC (Application-Specific Integrated Circuit chips), uses less energy and mines Bitcoins much faster. This device is expensive and its manufacturing is time-consuming, however, its speed is astonishing. The most powerful machines manage to solve as many as 14 terahashes per second (which means it does 1012 attempts to solve a block per second) and its development goes ahead constantly. If you are thinking about starting mining, you should concentrate on the following parameters during your selection: performance (hash rate), consumption of electric power, and price. Hash rate indicates how many attempts to solve a block can the machine make per second. We recommend you go through various miners’ reviews and then choose the one which seems most advantageous to you. Don´t choose solely according to price, focus on the overall proportion of price, performance, and consumption. To put it in simple terms, the most efficient miner is the best one. You can inspire yourself on the webpage Asic Miner Value where detailed information about new miners is displayed.


 Are you interested in mining Bitcoins but don´t know much about cryptocurrencies? Then you may welcome our detailed manual for beginners that will tell you how to mine Bitcoin step by step. If you want to learn more about the principles behind mining and how Bitcoin mining works, read our article Bitcoin mining in theory: what is the principle of mining?

If you want to start mining in the first place, you have to own a mining rig. Although in the beginning of the Bitcoin history, miners used ordinary domestic computers, and later graphic cards, today you will not acquire any Bitcoin with these machines (or more precisely you may gain something, but it will be a really small amount in a very long period of time).



                                 Video link



Nowadays, Bitcoins are mined by special hardware designated just for mining Bitcoins or other currencies based on the same algorithm. It is called ASIC (Application-Specific Integrated Circuit chips), uses less energy and mines Bitcoins much faster. This device is expensive and its manufacturing is time-consuming, however, its speed is astonishing. The most powerful machines manage to solve as many as 14 terahashes per second (which means it does 1012 attempts to solve a block per second) and its development goes ahead constantly.

If you are thinking about starting mining, you should concentrate on the following parameters during your selection: performance (hash rate), consumption of electric power, and price. Hash rate indicates how many attempts to solve a block can the machine make per second.


We recommend you go through various miners’ reviews and then choose the one which seems most advantageous to you. Don´t choose solely according to price, focus on the overall proportion of price, performance, and consumption. To put it in simple terms, the most efficient miner is the best one. You can inspire yourself on the webpage Asic Miner Value where detailed information about new miners is displayed.

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