Hello, this time I will guide you to start the process of bitcoin mining with real hardware, this tutorial is actually the result of adaptation of the actual English-language article, with the intention to facilitate the readers from Indonesia to understand, then I decided to translate to the Indonesian language.
Okay, we start How to Bitcoin Mining
Bitcoin Mining Guide - Can be used for all Cryptocoin.
You will learn:
- how bitcoin mining works,
- how to start bitcoin mining,
- best bitcoin mining software,
- best bitcoin mining hardware,
- where to find the best bitcoin mining pond and
- how to optimize your bitcoin earnings.
Bitcoin mining is difficult to do profitably but if you try then this Bitcoin miner might be good for you.
How does Bitcoin work?
Before you start Bitcoin mining, it serves to understand what Bitcoin's mining actually means. Bitcoin mining is legal and is done by running the SHA256 double hash verification process to validate Bitcoin transactions and provide the security required for the Bitcoin network ledger. The speed at which you mine Bitcoin is measured in hashes per second.
The Bitcoin network compensates Bitcoin miners for their efforts by providing bitcoins to those who donate the computing power required. This comes in the form of both newly issued bitcoins and from transaction costs that are included in transactions that are validated while mining bitcoins. The more computing power you rely on, the more Bitcoin you get.
Stage 1 - Use the best Hardware to mine Bitcoin
Bitcoin Purchases - In some cases, you may need to purchase mining hardware with bitcoin. Currently, you can buy most of the hardware in Amazon. You may also want to check the bitcoin graph.
How to start Mining Bitcoin?
To start the Bitcoin mining process, you must get the hardware for bitcoin mining. At the beginning of Bitcoin appear, I might mine with a computer CPU or video card processor card {VGA} the high speed it generates. But now it is not possible. Custom Bitcoin ASIC chips offer performance up to 100x older schema capabilities that have dominated the industry for mining Bitcoin.
Bitcoin mining with something lacking in optimization will only consume more electricity than Bitcoin is produced, well it will end up being stumped. It's important to mine bitcoins with the best bitcoin mining hardware made specifically for that purpose. Some companies like Avalon offer excellent schemes created specifically for bitcoin mining.
Best Bitcoin Mining Online Service?
Another option is to buy Bitcoin's Cloud Mining contract. This can simplify the process but increase the risk because you are not in control of the actual physical hardware.
Using this service does not mean we are suggesting. There are a large number of Cloud Mining (Bitcoin) milling scammer. So stay BEWARE !!!
- Hashflare Review: Hashflare offers SHA-256 mining contracts and more profitable SHA-256 coins can be mined and use automatic payments to BTC. The customer must purchase at least 10 GH / s.
- Genesis Mining Review: Genesis Mining is the largest provider of cloud mining (Cloud Mining). Genesis Mining offers three affordable Bitcoin cloud mining schemes. Zcash mining contracts are also available.
- Hashing 24 Review: Hashing24 has been around since 2012. They have facilities in Iceland and Georgia. They use modern ASIC chips from BitFury that deliver maximum performance and efficiency.
- Minergate Review: Offers Pool and combines mining and Cloud Mining services for Bitcoin.
- Hashnest Review: Hashnest is run by Bitmain, an antoorer manufacturer of miner Bitcoin. HashNest now has over 600 Antminer S7s for rent. You can see the most up-to-date prices and availability on the Hashnest website. At the time this article is written one hash value Antminer S7 can be rented for $ 1,200.
- Bitcoin Cloud Mining Review: Currently all Bitcoin Cloud Mining contracts are sold out.
- NiceHash Review: NiceHash is unique because it uses orderbook to match buyer and seller contracts. Check the website for the latest rates.
- Eobot Review: Start Bitcoin's cloud mining for $ 10. Eobot claims customers behind the capital even in 14 months.
- MineOnCloud Review: MineOnCloud now has about 35 TH / s mining equipment for rent in the cloud. Some of the miners available for rent include AntMiner S4s and S5s.
Stage 2 - Download Free Software Mining
Once you receive your bitcoin mining hardware, you must download special software used for Bitcoin mining on your hardware. There are many software out there that can be used for Bitcoin mining, but the two most popular are CGminer and BFGminer which are command line software (no graphic display).
If you prefer the ease of use that comes with the GUI, you might be able to try EasyMiner which is a software click and go windows / Linux / Android, you might be able to learn more details about "The best bitcoin mining software" progress.
Stage 3 - Join to Bitcoin Mining Pool
Once you are ready to mine bitcoin, it helps you join the Bitcoin Mining Pool. Mining Pool Bitcoin is a Bitcoin miner group that works together to break blocks and share results. Without Mining Pool Bitcoin, you might just be mining for more than a year and never get a little coin. It's much easier to share work and share the rewards with other Bitcoin miners and make great hardware.
Here are some options:
For a fully decentralized Pool, we highly recommend p2pool. The following pools are believed to currently fully validate blocks with Bitcoin Core 0.9.5 or later (0.10.2 or later recommended because of DoS vulnerabilities):
- BitMinter
- CK pool
- Eligius
- Mud pond
The next step for bitcoin mining is to install Bitcoin Wallet or use existing Bitcoin Wallet to receive Bitcoin later from Mining Pool mining. Copay is a great Bitcoin wallet and can be used on many different operating systems. Bitcoin Wallet in hardware form is also available.
The other bitcoin wallet cloud systems are:
- Blockchain
- Coinbase
- Xapo
in the year 2017 fee in the wear on every flat transaction can reach 0.0005BTC for bitcoin wallet of this cloud system.
Bitcoin is sent to your Bitcoin Wallet by using a unique address that belongs only to you. The most important step in setting up your Bitcoin Wallet is to secure it from potential hackers by enabling two-factor authentication (A2F) or storing it on offline computers that do not have access to the Internet. Wallet can be obtained by downloading Software Client to your computer.
For advice on choosing Wallet Bitcoin then you can start here (it's in another post).
You should also be able to buy and sell your Bitcoin. For this we recommend:
Local Bitcoin Exchanger (Indonesia):
INDODAX.com - Swap Bitcoin Into Rupiah Indonesia, the largest bitcoin trading site in Indonesia for now.
Triv.co.id - Swap Bitcoin to Indonesian Rupiah, Buy Electric Tokens, Pulses and Other Bills Pay Via Bitcoin
Bitcoin Exchanger Foreign Affairs:
SpectroCoin - European Exchangers can buy by the same day and can use SEPA credit cards
Kraken.com - Europe's largest exchange with the same SEPA
You can advise or promote your own business that accepts payments via bitcoin here, just contact me through the contact form on this website, and I will put it on this list.
Stage 5 - Stay Up To Date With Bitcoin News
Keeping up to date with the news of bitcoin development at the moment is a wise choice if you want to keep looking at opportunities. If you want Bitcoin news in general
Well that's the summary of how to mine bitcoin, this tips also applies to all cryptocoin that uses the same system as bitcoin, so you can say this article hopefully can help you, for later post there will be continued from this post, because there are still many in the discussion that can not be written in this post, because it has its own part, for example Mining Pool you guys have to know.
okay, send your comments below, how the kalo's response about bitcoin for the future, share it to your social media and folow website cryptocoin indonesia for the latest cryptocoin information.
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