How to MIne Bitcoin?

[YouKnowMe]

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

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[sukoon]

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

[defc0de]

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!

[saleenasmith]

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.

[setifien19]

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)

[BelieveInBitcoin]

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

[BitcoinboyBlog]

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.

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

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

[yohan09]

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.

[Snyderfx]

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

[YouKnowMe]

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!

Thanks for the info, that's very helpful.

[alexjhons]

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

[vitty]

 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/

[patofet]

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

[AleksM2]

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[Aura]

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 .

[skylarkbd]

What is the best device for btc mining . also profitable

[BitcoinboyBlog]

What is the best device for btc mining . also profitable

The Antminer S9 is basically the only one worth buying

[GbrilliantQ]

What is the best device for btc mining . also profitable

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. 

[healix21]

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

[Fuhre]

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.