How To Become A Bitcoin Miner For Beginners

In this world cryptocurrency, how to become a bitcoin miner is the process of creating new coins and verifying transactions on the network.

Bitcoins is one of the most popular cryptocurrencies in the mineable market. The BTC algorithm is very difficult to crack. This is why not everyone can become a BTC miner. 

VCGamers has made a full review on how to become a bitcoin miner, please refer to the explanation below.

How to Become a Bitcoin Miner

For those of you who are still beginners, please follow a few steps and how to become bitcoin miner which is below.

Using Pool Mining

The pool mining method is work by running cash, you join other miners in a pool to mine.

Later, you provide rewards for the results obtained from mining bitcoins. In this way, you must first register for pool mining.

In addition, all miners who are in the same pool agree to share the bitcoin reward with other pool members. 

Using CloudMining

Cloud mining is a bitcoin mining process that does not require sophisticated computer equipment. You can use services from cloud mining providers.

For example, using genesis mining, hashflare, hashing24, and so on. The advantage of this method is that there is no need to have in-depth knowledge of mining hardware. In addition, there is no need to buy expensive and cheap equipment.

By Becoming a Solo Miner

Solo Miner is a way to mine bitcoins solo without sharing money with other people. However, you must have high quality equipment.

For example PC, motherboard, graphics card, hard disk, RAM, and so on. You also need to provide large amounts of electricity and complete complex mathematical algorithms to generate bitcoins. 

Solo mining is usually done by professionals, so it's not easy for beginners to do it. You can use ASIC (Application Specific Circuit Chips) hardware to mine.

You should also use bitcoin mining software including bitcoin miner, BTC miner, easy miner, CG miner and BFG miner.

Using Crypto Exchanges

My bitcoin way is to use a bitcoin trading platform. This option can be another option because you can download the application on your cellphone.

Also read: How to Withdraw Crypto Currency to Rupiah, Very Easy!

About BTC

Bitcoin is a new currency or electronic currency created in 2009 by someone using the pseudonym Satoshi Nakamoto. Bitcoin is often used to make transactions on the Internet without going through user intermediaries or using banking services.

BTC uses a peer-to-peer (P2P) system. However, the system works without a single repository or administrator while the US Department of the Treasury refers to bitcoins as a decentralized currency.

Unlike many other currencies, bitcoin is not dependent on a single issuer. Bitcoin uses a distributed database spread across nodes and P2P networks and records transactions.

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Also read: How Cryptocurrencies Work, Beginners Must Read!

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