Showing posts with label coin base. Show all posts
Showing posts with label coin base. Show all posts

Bitcoin Mining, Get Stated Right Now

How Bitcoin Mining Works

Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The speed at which you mine Bitcoins is measured in hashes per second.

The Bitcoin network compensates Bitcoin miners for their effort by releasing bitcoin to those who contribute the needed computational power. This comes in the form of both newly issued bitcoins and from the transaction fees included in the transactions validated when mining bitcoins. The more computing power you contribute then the greater your share of the reward

Step 1 - Get The Best Bitcoin Mining Hardware
Purchasing Bitcoins - In some cases, you may need to purchase mining hardware with bitcoins. Today, you can purchase most hardware on Amazon. You also may want to check the bitcoin charts.

How To Start Bitcoin Mining
To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. In the early days of bitcoin, it was possible to mine with your computer CPU or high speed video processor card. Today that's no longer possible. Custom Bitcoin ASIC chips offer performance up to 100x the capability of older systems have come to dominate the Bitcoin mining industry. Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. Several companies such as Avalon offer excellent systems built specifically for bitcoin mining.

Step 2 - Get Bitcoin Mining Software
Once you've received your bitcoin mining hardware, you'll need to get a special program used for Bitcoin mining. There are many programs out there that can be used for Bitcoin mining, but the two most popular are CGminer and BFGminer which are command line programs.
If you prefer the ease of use that comes with a GUI, you might want to try EasyMiner which is a click and go windows/Linux/Android program.

Step 3 - Join a Bitcoin Mining Pool
Once you're ready to mine bitcoins then we recommend joining a Bitcoin mining pool. Bitcoin mining pools are groups of Bitcoin miners working together to solve a block and share in its rewards. Without a Bitcoin mining pool, you might mine bitcoins for over a year and never earn any bitcoins. It's far more convenient to share the work and split the reward with a much larger group of Bitcoin miners. Here are some options:

Step 4 - Set Up A Bitcoin Wallet
The next step to mining bitcoins is to set up a Bitcoin wallet or use your existing Bitcoin wallet to receive the Bitcoins you mine. A Bitcoin wallet is like a traditional wallet and can be software, mobile or web-based. Bitcoin hardware wallets are also available.
Bitcoins are sent to your Bitcoin wallet by using a unique address that only belongs to you. The most important step in setting up your Bitcoin wallet is securing it from potential threats by enabling two-factor authentication or keeping it on an offline computer that doesn't have access to the Internet. Wallets can be obtained by downloading a software client to your computer.

Bitcoin has become one of the most powerful currencies all over the word. It is far more better earn income in bitcoins than in naira.
With what am given you if you don’t make at least $3 per day then you will have a refund. Make sure you do not abuse it. You don't need to invest any money to start making money with this method the only thing you need. 
  • A wallet
  • Laptop
  • Internet connection
  • Mining Software  
There are different ways to make earn bitcoin, but mining is the most lucrative if you know how to do it correctly.
We have an updated version of the software now at a cheaper rate. No initial investment, no set-up fee required, all you need is just the software.

HOW DOES IT WORK?
  • Create a Bitcoin Wallet .You can create one here https://blockchain.info/wallet
  • Get the Mining Software. 
  • Install it in your system and run it...
  • Input your wallet.
  • Click start mining..
NOTE. All earning are sent to your wallet, you must have at least 5 hours power supply with good internet connection. Mining consumes power but it is profitable.
For more details contact us at kulejames2016@gmail.com
Phone Mining App Now Available 
This is not for everybody! Make sure you know the principles of basic mining…

To set up a comprehensive bitcoin mining on your PC with both software and hardware components contact us at 
Call/whatsapp: +2348050683606 
    kulejames2016@gmail.com,  

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