Why Do You Get Bitcoin For Mining

We are miners from 2013 looking to create community and help train and learn together as blockchain tech changes so quickly. Leave your thoughts in the comments call in ask us anything.

The Ultimate Guide To Mining Cryptocurrency What You Need To Know

How exactly do you mine.

Why do you get bitcoin for mining. For hobby mining well show you some steps you can take to get started mining bitcoins right now. For context the fir! st exchange rate given to bitcoin was in october 2009 10 months after the first block was mined. You wont be able to mine without an asic miner.

Bitcoins price has been soaring and mining seems to be the cheapest way to strike it big. Get bitcoin mining hardware. If you cant get a positive result on the calculator it probably means you dont have the right conditions for mining to be profitable.

Asic miners are specialized computers that were built for the sole purpose of mining bitcoins. How exactly do you mine. But bitcoin isnt physical so why do we call it mining.

Because its similar to gold mining in that. Its easier than you think. When you hear about bitcoin mining you envisage coins being dug out of the ground.

Bitcoin mining the incredibly low cost days of mining bitcoin which only lasted a couple years were days where one bitcoin was so cheap that it financially made sense to min! e them at a very low cost instead of buying them. Its easier t! han you think. Once you have all of these variables at hand you can insert them into a bitcoin mining calculator as can be seen below and get an estimate of how many bitcoins you will earn each month.

Best Bitcoin Mining Software 2019 An In Depth Look At The Top Choices