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Author Topic: How do I go around mining bitcoins?  (Read 1132 times)
tobs
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October 16, 2017, 07:13:53 PM
 #21

Hi as a new beginner of bitcoins. I need some professional help and guidance. I have several questions and I hope that by starting this topic other newbies like me can also receive help.

4. What is the most efficient way to mine for bitcoin?


The most efficient way to mine bitcoins is not to mine them yourself. I'd consider mining bitcoins a pure crypto enthusiast hobby, or very professional big scale operation. If you really want bitcoins, you can use services that offer good and expensive equipment and will take care of it for you. However, there are other coins which are way more profitable to mine nowadays and you can easily do it yourself. So I'd suggest broadening your knowledge and research more about altcoin mining.
beerlover
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October 18, 2017, 12:19:02 PM
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Hi as a new beginner of bitcoins. I need some professional help and guidance. I have several questions and I hope that by starting this topic other newbies like me can also receive help.

The questions are as below:
1. What do I need to start mining bitcoin?
2. Where do I mine bitcoin from?
3. Is it really efficient if your electrical bills are really expensive?
4. What is the most efficient way to mine for bitcoin?

I really hope that you guys can help me answer these questions.
I thank you all in advance.  Smiley
To do bitcoin mining you need a processor to calculate mining specific maths problems as a miner does or you can just  buy a miner and start mining directly but in computer there is a need of installing some additional software to start mining.

Mined bitcoins are directly sent to you bitcoin address and this are the bitcoins coming  from the transaction fees all around the world. It is efficient when you are doing it at large scale or by purchasing a miner so you could get nice and affordable income but doing it at small scale is not much profitable.

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