Do you want to make profits from Bitcoin?.. Learn how to mine it

It is no secret that digital currency (Bitcoin) is a controversial topic, as it is considered a kind of investment and a commodity, and many people are using it as a currency for payments and transactions, and while many invest their money in buying Bitcoin, others choose the field of mining.

What is the process of mining bitcoin?

The process of Bitcoin mining is very similar to the process of searching for gold in its underground mines, but here we are mining the currency via computer. He has extra profit from that digital currency.

But this process has become very difficult with the great technological development and the increase in the number of miners, so some other methods have been reported, and anyone can contribute to bitcoin mining to get parts of digital bitcoin, but the mining process consumes a large part of the energy, which may affect the amount The profit generated from this operation.

bitcoin miner

Gone are the days of using home computers to mine bitcoins, times have changed and people are using special mining devices that consume less energy and mine bitcoins at a faster rate. To get a mining device, you have to invest a large amount of money, and although its price may be exorbitant, its speed will amaze you, and there are many Bitcoin mining devices, but they are different from each other, you have to choose one of them by taking several factors into account, as you have to Pay attention to performance, electrical power consumption, and the price of the device, and you can also use the reviews or opinions of miners to make your final choice.

Create a bitcoin wallet

After choosing the right bitcoin mining device for you, you need to create a bitcoin wallet to receive your coins, with the help of this wallet you will be able to manage your bitcoin balance There are many types of Bitcoin wallets, but they are not the same, and each wallet has advantages and disadvantages that you need to know to compare and choose the appropriate option, and you can adopt a phone wallet or a paper wallet that provides additional protection for your Bitcoins.

mining complex

The next step is to join a mining pool because it is not possible to earn bitcoins with one device, you cannot mine bitcoins even by owning the best device, so you have to seek help from other miners by joining a mining pool, when you mine bitcoins in a group you can split the profits For all members, your income may be low but it will be regular, remember that you have to pay a fee to the mining pool server, there are many mining pools, all you have to do is choose one of them.

start the mining process

After following all the previously mentioned steps, you can start the mining process to earn bitcoins, and all you have to do is connect the mining device to electricity and the computer, it is also important to install the mining program by providing the necessary information for the mining program and selecting the device, you can start the mining process. For the mining process to be profitable, you should always keep abreast of the news related to the cryptocurrency or bitcoin market.

Choose a mining software

Once you buy a miner, create a bitcoin wallet, and join a mining pool, you need to find mining software for your computer. The mining software does the work, collects results, and records transactions on the blockchain (a public bitcoin ledger that records all financial transactions in “Blocks”), and can Find many free mining programs to mine bitcoins, and you should check the characteristics and features of each program.