Bitcoin Forum

What are the processes of bitcoin mining? What are the tools needed?

Purchase custom mining hardware, Decide between joining a pool or going alone, Download a mining program,Run your miner, Check your profitability.

Get a hardware specific for BTC mining, and join a pool. It's pretty much the same with gpu based mining, only difference is the hash rate is so high that you need to get a device with a specific algorithm for BTC and of course the hash power.

It's a bit too late to invest in BTC mining if you're starting small though, I suggest you go with gpu mining, or better yet go with Proof of Stake. It's basically "mining" by just owning a number of coins in your wallet. You can start staking coins like Deep Onion, the current network right now has a very high payout (around 10%) per year. You don't need to have expensive hardware, gauge the cost of electricity and most of all better ROI.They have a pretty good community with tutorials on how to start staking, so better check it out!

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.

If you want to mine bitcoin ( or other currencies) you can:
1)  buy hardware ( mining machine) which will generate you some BTC .
2 )some platforms support " browser mining" such as freebitcoin , just leave your browser opened
3 )there are some companies that share their mining revenue with their users who invested in ( it's like you buy a part of mining hardware and you get your profit daily/weekly/monthly)

From what I hear it's virtually impossible to mine profitably any more (unless you have access to free electricity).

This is not true at all. I am getting multiple hundreds of dollars off of a single Antminer alone with $.1 electricity cost.

You should get an Antminer S9. If you need help setting it up, you can check my blog  ;)

To mine bitcoin, Acquire bitcoin hardware, like antminer s7, antminer s9 or avalon6, Then you need to download special program used for bitcoin mining, like CGminer or BFGminer, Once your ready to mine bitcoins, Join in mining pool, these are the group of bitcoin miners working together to solve a block and share in its rewards. Then set up bitcoin wallet where you store your mined bitcoins.

You must have a good setup before mining .or you have to get one for rent from some company .i  dont think mining is suitable for now .coz there is a huge competition

Thanks for the info, that's very helpful.

First of all, know the Basics of Bitcoin Mining and then after selecting the Hardware which is Beneficial for Bitcoin.

 you can use NiceHash miner. register at https://www.nicehash.com/  , get a btc wallet address at nicehash too. download nicehash miner from their site and run benchmark before mining. later you can transfer your btc or buy hash power from nicehash.

see how much you can earn if you know your hash power http://whattomine.com/

You need to buy an ASICs machine or buy a cloud mining service

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Mining is basically solving cryptographic hashes to make a block. The reward you get consists of transaction fees and the block reward (if you solve the block), but because of the high amount of miners it's almost impossible to do this yourself. Therefore they created pools, to mine with a group of people, which shares the block reward.

The equipment really depends on the coin you want to mine.
If it's Bitcoin you want then you should need an ASIC miner, these are machines that are build to solve a specific algorithm.
Then you have ASIC resistance coins like Ethereum and Zcash, these can be mined with an video card.
Besides that you need software to actually mine the coins, there is a whole section with software on this forum: https://bitcointalk.org/index.php?board=42.0 . There is also a handy tool to see what's the most profitable coin to mine for you hardware, it can be found here: https://bitcointalk.org/index.php?board=42.0 .

What is the best device for btc mining . also profitable

The Antminer S9 is basically the only one worth buying

The Bitmain Antminer S9.  It's called an asic miner.  It mines sha256.

You can also build a gpu rig with 1070, 1080ti's RX580's and run Nicehash. 

look for an ASIC Machine Antminer S9 would be the best, or invest on a trusted cloud mining site beware of scams though.

Usually there are people who sell hardware and software packages for mining, you just run it. But I think it takes a lot of capital, so I do not recommend it. You have to assemble your own CPU, so you will know how you generate bitcoin this way. You need to buy Asics antminer to do mining and there is still much to know, read more about mining on the website.

Go to Bitmant and Antminer S9 is the one all people will recommend for you.
about how to mine bitcoin. it easy with thousand guide and video on the net
do some research guy

I think more to assemble the CPU itself,. because in addition we can assemble with the best components we can get,, we too can have an advantage over the cost that must be removed,, and for that we can save more funds we have for investment or to do device maintenance,., and solar power can recommended if you are in the agricultural area,,

Mining bitcoin is not very easy and how it looks is really different in reality. For mining bitcoin a person should need to be pro active and always connected to bitcoin because you will need to have latest knowledge about bitcoin to have a good next step all in know is that bitcoin mining is really good and give a person a lot of profit.

For bitcoin mining the first step we need to do is to take a part in hardware pr create your own hardware like antminer s9 and antminer s7 etc and then we should need to make a program to mine bitcoin and after that when bitcoin mined then the user will need to take part in a group where a lot of people will doing work together and then the reward will be given to that group and that reward will then divide in groups member and all of them will get profit equally and a lot.

Other than NiceHash, what can i use to mine bitcoin?

Can someone send me a link to the best/most efficient mining software please?

Buy a hardware mining machine that will mine bitcoin or you could try to mine via online. However, there's only few mining sites are legit because most of them are just scam. I remember my first mine, I earned a lot of bitcoin unfortunately I couldn't able to withdraw it.

What I have learned and understood about all this crypto world things, you have to learn everything for your work before you take first official step. So better is to make yourself ready for everything coming in your way. Second is to make sure you are using a legitimate website or exchange or anything. Don’t get trapped in scams, be vigilant while making use of these things.

id say mining using a software is not worth it and wont make you rich, so i suggest get yourself a mining hardware or assemble a mining rig (gpu/cpu)
in order to make mining a profitable way but you must be aware that mining  consumes much electric power and will result to higher electrcity bills plus mining nowadays is getting harder and their dificulty level  has been increased , so you'd  better think twice before jumping in or else find a new hobby.

Bitcoin was possible to mine using only your desktop's CPU and GPU. While this is still possible, the returns make running this method impractical. You will be spending far more on electricity than you will earn mining coins. Instead, custom hardware allows for much better processing for about the same power draw.
Custom hardware comes in the form of cards that are inserted into the computer much the same way that a graphics card would be.
Popular Bitcoin-mining hardware brands include Butterfly Labs, Bitcoin Ultra, CoinTerra, and more.
A dedicated Bitcoin mining machine can cost anywhere from a few hundred dollars to tens of thousands depending on the number of operations it can complete per second.

The first step we need to do is to take a part in hardware pr create your own hardware like antminer s9 and antminer s7 etc and then we should need to make a program to mine bitcoin and after that when bitcoin mined then the user will need to take part in a group where a lot of people will doing work together and then the reward will be given to that group and that reward will then divide in groups member.

 ;D ;D ;D use aisc miner machine.

sir i include here my question to..if i use ordinary computer like example i buy a set of computer without upgrading the hardware what will happen..?  i can mine still or not? if i can what the different of upgraded  to not upgraded? thanks sir..

How much is antminer?

Is it worth getting a desktop with 6-8 graphic cards to mine it? will mining damages the graphic cards?

Sure you can do mining but the electricity bill will be more than your earnings.Mining is a process of verifying the bitcoin transactions if you get it correctly you will be rewarded with bitcoins if you really wanna earn from mining then you must need investment for buying the appropriate equipments needed for mining.You need most hash rate to compete with other participants so it is must to buy good GPU for more profit.

If you still want more details you can get those here https://www.bitcoinmining.com

Buy a hardware perhaps antminer S9, then download btc wallet where to store your btc, Join pool mining where people group together/work together then the reward will be given every puzzled/or blocks you solved. Download mining program then run your miner.

How to purchase mining machine and what it,s price

The Antminer S9 is basically the only one worth buying

I tried with gtx860m but cmd shows 0mh/s value and restart all time. How can I fix this?

Mining bitcoin gain a lot of popularity nowadays. Basically, any computer can mine bitcoin, but the amount of bitcoin to be mined depends on the hardware and software of the computer. The higher the software and hardware, the greater the amount of bitcoin can be mine. Second, of course electricity, the cheaper the electricity cost the more profitable your mining will be...

Thanks for the info :)

From what you heard, it is not true and you should not pay close attention to everything you read without you doing some proper research yourself. Sure, if you are in a place where electricity is extremely expensive, it won't pay you cause you will be paying so much for electricity fee, but in a place with a very good electricity rate, you can still make a lot of profit if you have a good setup. S9 and D3 are quite efficient and does not take too much power, so that can make mining profitable for you.

Going to the cloud for mining is far worse than mining yourself. I see that as a lazy approach to learning and doing research. If you can do a proper research, and get the right gadget, you can mine and get your ROI pretty fast than when you go the cloud way.

a lot of people now in the world are taking interest in mining of bitcoin and it is beneficial for those people who are living in the country where electricity is cheap because to mine bitcoin great amount of electricity are consuming. you can mine bitcoin by your computer with a strong hardware and software system.

you need some money))

Bitcoin mining is a process that do with high performance computer machines and software. If you can invest big money for that it will be a really profitable thing. you also need to good power(Electricity) source  for that.

Bitcoin is great but mining it for the average user has become, unfortunately, impossible. To correct that statement, it is possible to mine, but it's unlikely that you will make any substantial profits while doing so. The mining business has been centralized and is very competitive nowadays. Earning a descent profit will very much depend on how much money you have spend on hardware that first of all is, expensive, and secondly not widely available. A second problem with mining is the votality of Bitcoin itself, if it gains value you're good (that's what you hope for essentially), but if it drops it can very likely mean that you won't be eating for a month or two (depending how long the downtrend continues). So be carefull with mining, better to invest a small amount of your capital to buying BTC and wait until it appreciates, at least you won't be in debt as you would be if you bought hardware.

At first do not look around for an advanced project. Try to get a great machine, because it's half the success. At your place I would find some trusted people and join forces for it. Remember that the earlier the better.

Yes money is very important, without this we can't mine ant digital coins.

Mining of bitcoin is  process of verifying other bitcoin transaction that user is rewarded for. Mining is to keep transaction secure and reliable.

There are many software, browser extension or mobile application you can download and run it to mine a bitcoin but you need a computer with high specification.

mining of bit coin is a process of verifying bit coin transaction.  mining is more expensive process. it takes more time and money and efforts. but compare to bit coin investment mining give more profit. so most of the people preferring to mining. for mining we need hardware kit, software and more electricity employees and efforts are required. mining is giving more profit

First is you need to get the best bitcoin mining hardware, before it is possible to with your computer cpu but today it is not possible. custom bitcoin asic chips offer performance. Several companies such as avalon offer excellent system built only for bitcoin mining.

Unless you have alot of money to plow into asic miners there is no point also on top of that you would need cheap or free electricity to make alot of profit or you could cloud mine. You honestly would be better buying and holding.

They are for sale again but it won't come until January. I wonder if it will be worth it then? I guess I could mine Bitcoin Cash or another split coin. What do you think? Good Investment or not?

For mining, you need a lot of resources, and alone it's pretty problematic. But even this is not all, you need then to understand your profits from this and whether it covers your expenses. So many do not want to get involved with this by way of simpler.

Purchase  mining hardware, decide mining in a pool or alone, download a mining.

You need to have a digger you can go through topic mining to find the sellers of diggers and you buy it when you buy will have people guide you how to dig and change the wallet but the capital to buy the digger is quite large

I would use AntMiner, looks like one of the best AIO systems.

For digging you need a good machine first and foremost. I think it is more profitable to invest and trade this, but do as you think. Digging is a heavy piece of bread. You have to know it.

Just download a program and be a miner, but before just calculate if it is profitable cause electricity bills will just break your wallet.

Here is a simple guide to bitcoin mining for beginners: https://www.tokens24.com/wiki/bitcoin-mining/
I hope it helps!

Prepare mining tools and visit the bitcoin pool site, then buy hashrate

If you want to mine bitcoin you need at least some friends which know what is going on about this cause alone you won't have big earning or even you could lose.

some of miners has there own rig that they use to mine you can purchase rig and build them to use on your mining

easiest way is, prepare your rig, then download nicehash miner, put down your btc address and hit mining button,  8)

The Antminer S9 is basically the only one worth buying,and you can run with nicehash

Like a lot of people said, it is not profitable to mine Bitcoin anymore unless you spend a lot of money to buy mining hardware like Antminer from Bitman or build your own mining rig with GPU for mining Ethereum then download an mining software and check your profitability. Personally I prefer to invest in Bitcoin than mining because you will get your money back faster and it is safer to sell your bitcoin if you want to take your profit.

Now I would like to inform you that if you want to increase you knowledge in bitcoin go to the other forums not just here.
Go to mining forum and your knowledge will increase. Since you I think your interested, well you need money and mining or GPU and ASIC you can pick one amoung the three. Also you need your knowledge not just a tool to start mining

The 8 Steps to mine bitcoin
1. Purchase custom mining hardware. When Bitcoin first started, it was possible to mine using only your desktop's CPU and GPU.
2. Obtain a bitcoin wallet.
3. Secure your wallet.
4.Decide between joining a pool or going alone.
5. Download a mining program.
6. Run your miner.
7. Keep an eye on temperatures.
8. Check your profitability.