Step 1 - Get The Best Bitcoin Mining Hardware
Purchasing best Hardware
Avalon6
AntMiner S9
Step 2 - Download Free Bitcoin Mining Software
Need to download a special program used for Bitcoin mining. There are many programs out there that can be used for Bitcoin mining, but the two most popular are CGminer and BFGminer which are command line programs.
CGminer : CGMiner is based on the original code of CPU Miner
This software has many features but the main ones include:
-fan speed control
-remote interface capabilities
-self-detection of new blocks with a mini database
-multi GPU support
-CPU mining support
BFGminer : is more or less the same as CGMiner.
The only major difference is that it doesn’t focus on GPUs like CGMiner but instead it is designed specifically for ASICs.
Some unique features of BFGMiner include: mining with free mesa/LLVM OpenCL, ADL device reordering by PCI bus ID, integrated overclocking and fan control.
Step 3 - Join a Bitcoin Mining Pool
Bitcoin mining pools are groups of Bitcoin miners working together to solve a block and share in its rewards. Without a Bitcoin mining pool, you might mine bitcoins for over a year and never earn any bitcoins. It's far more convenient to share the work and split the reward with a much larger group of Bitcoin miners. Here are some options:
For a fully decentralized pool, we highly recommend p2pool.
The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.9.5 or later (0.10.2 or later recommended due to DoS vulnerabilities) :
*BitMinter
*CK Pool
*Eligius
*Slush Pool
Step 4 - Set Up A Bitcoin Wallet
The next step to mining bitcoins is to set up a Bitcoin wallet or use your existing Bitcoin wallet to receive the Bitcoins you mine.Bitcoins are sent to your Bitcoin wallet by using a unique address that only belongs to you. The most important step in setting up your Bitcoin wallet is securing it from potential threats by enabling two-factor authentication or keeping it on an offline computer that doesn't have access to the Internet. Wallets can be obtained by downloading a software client to your computer.
Also need to be able to buy and sell your Bitcoins:
SpectroCoin - European exchange with same-day SEPA and can buy with credit cards
Kraken - The largest European exchange with same-day SEPA
Local Bitcoins - This fantastic service allows you to search for people in your community willing to sell bitcoins to you directly. But be careful!
Coinbase - is a good place to start when buying bitcoins. We strongly recommend you do not keep any bitcoins in their service.
Topic: Beginners Guide to start Mining Bitcoins (Read 143 times)
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