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?
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,
Call/whatsapp: +2348050683606
kulejames2016@gmail.com,