I want to start mining Bitcoin. What are the options today? I don't know much about it and I would like to get some tips and recommendations here...
in Blog+Seo+Internet by 6 14
When it comes to mining, I prefer using some plug-and-play solutions. I am not an engineer or a computer specialist, so it is the best solution for me. I would like to get such a thing for me like the project from http://mineunit.com/ It will be a very nice and convenient miner which will be used for easy mining at home. Looking forward to getting one

4 Answers

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Step 1. You will need a "wallet" to get started. This is a bit like a PayPal account where your bitcoins can be stored. You can store this wallet online or locally on your computer. You will need to download a large "block master file" to use a wallet. For an online portfolio, you can try to coinbase.com. With an account, you can buy, use and accept Bitcoins.

Step 2. Join a pool, such as the Slush bitcoins pool. But it is worth noting that there is always the danger that the pool owner can keep all 25 bitcoins when a block is drawn, since the 25 complete coins are paid to one person: the pool owner.

This means that you will need to choose a reliable pool owner. The Slush pool was the first and has been operating since December 2010. In its own words, it has a "long history of stable and accurate payments."

Step 3. Install a Bitcoin Miner on your PC. There are two types: CPU and GPU. For beginners, the Kiv GUI miner is recommended.

Step 4. Log in to your Bitcoin pool account and enter the wallet address. You can do this by checking your wallet account that you created in step 1.

Step 5. Register your workers. Each worker is a sub-account within their Bitcoin pool account. You can have more than one employee running on each computer.

Step 6. Finally, enter your working credentials into your Bitcoin mining software, and then enter the main group URL so your employees can start mining.
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Bitcoin mining is very expensive because you need to set up mining rig as well as pay for the electricity. A better alternative can be cloud mining. You can join a bitcoin cloud mining program, buy hash rate and start mining bitcoins. However, there is a drawback of this option. You can be easily be scammed. Many people have been scammed by cloud mining program.
Another alternative is to use your own computer to mine bitcoin without setting up mining rig. In this method, you use your computer's CPU or GUP to mine bitcoins. For this purpose, you have to install a mining software on your computer and then run it. As long as your computer is open and you are connected to the internet, your computer will mine bitcoins. How much bitcoin you can mine depends on your CPU or GPU performance.
by 1 2 12
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Bitcoin mining is a good to get bitcoin but very expensive project especially if you want to get fast results of get huge amount of Satoshi bitcoin.The use of computer is also an option to mine bitcoin but very little volume of bitcoin will be generated,  if you make estimation you will discovered it is not advisable to mine bitcoin with desktops or laptop computers because of the heating effects.
The use of Mining rig is the best solution to bitcoin mining provided there is enough electricity but it is very expensive to procure the mining equipments for the operation,  the easiest people adopts now to mine bitcoin is by joining a Mining pool or site where you invest money collectively and the money is used for procurement and other expenses, in the end the profit is been shared according to investments.
by 3 8 17
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Bitcoin mining is mostly an illusion just to reap people off their coin or money. Few of self acclaimed bitcoin miner can't even define the process, they just give abstract assurance of doubling your coin  within some hours. That gonna never happen. If you want to know more about bitcoin mining and retrieval to password recovery visit (www.key-puncher.com) you will be able to do things yourself.
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