How to effectively mine

What is ‘Bitcoin Mining’

The role of miners is to secure the network and to process every Bitcoin transaction. Bitcoin mining is the process by which transactions are verified and added to the block chain.  Anyone with access to the internet and suitable hardware can participate.  The mining process involves trying to solve a computational problem.  The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards.  The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released bitcoin.

How to mine

In theory, a computer allows you to mine bitcoin.

In reality, not really. To be commendable, it is necessary to have a computer just powerful enough. Indeed, mining bitcoin is not free: you have to take into your calculs the power consumption of your equipment, sometimes energy-intensive, as well as the wear of your computer that will surely stay on and heat more than normal (calculations to mine bitcoin are numerous and complicated, the computer will release heat)

To mine bitcoin, you will need software. This is where I recommend MinerGate. Why ? Minergate has many advantages:

No knowledge of bitcoin mining is needed! Install the software, launch it, cumulate!

You can mine, with the same software, many cryptocurrencies, and with your GPU. Very interesting if you consider that mining bitocin is no longer so profitable! Indeed, you can mine another cryptocurrency, then convert it to bitcoin easily. It will be much more profitable!

Minergate is available on PC, Linux, Mac, and even on Android! Yes yes, you can mine from your smartphone! If you have iOS, you can for the moment only access the mobile site and have an eye on your dashboard.

This software even proposes to you to undermine the motto that will be the most profitable for you according to the analysis of your material. Convenient !

A chat in several languages (surely yours) is available on the site, with a community always present to exchange! Good to know if you are looking for some tips!

From Minergate, you can also mine Bitcoin Gold. Bitcoin Gold is a Hard Fork that allows you to mine Bitcoin with GPU.

 

How to mine without hardware / software

It is also possible to mine without any software, but from a website: this allows you to mine with a tablet, a smartphone, etc …

Faucethub, the micro wallet service, offers this feature : Start mining