What is mining bitcoin for dummies

You can get started earning Bitcoins in a variety of ways. Mining for Bitcoin is how to earn Bitcoins by participating in the network. What is mining bitcoin for dummies’s usually handled by special mining hardware that is expensive and specialized.

Bitcoin-QT: The Bitcoin-QT client is the original software written by Satoshi Nakamoto. CGminer: CGminer is one of the most popular mining software. It is open source and available for Windows, Linux, and OS. Multiminerapp: The Multiminerapp is an easy Bitcoin client to run.

Bitcoin is a very competitive environment, and unless you buy specialized mining equipment, you may never earn any Bitcoins. They have a large offering and many customer reviews to help guide you. Cloud mining allows you to start earning bitcoins in an industrious afternoon, without the need to download software or buy equipment. The return on investment for cloud mining can be negative. Review your option carefully to make sure it is a positive investment.