January 11, 2018
BITCOIN mining is the key to unlocking the wealth of the super-popular crypto token. Here is an introductory guide on how to mine bitcoin.

Bitcoin prices soaring over the course of 2017, potential investors are once again eyeing their option of jumping the bitcoin bandwagon in the new year.
If you are sitting on the fence about joining the crypto community, you are faced with two options.
You can either buy bitcoin for around £10,000 ($14,000) a token, or you could try and mine it.
But before you go ahead be aware that they halcyon days of bitcoin mining are over and the process to successfully find tokens is getting harder everyday.
1. Get a bitcoin wallet for your tokens
The very first thing you need to do is secure a public bitcoin wallet address and a private key password. Remember that all bitcoin transaction are publicly visible on the blockchain, but just like your bank account, your wallet is yours and yours only to see.
There are four options available to you. You can choose an online service to store your tokens, run a wallet locally on your computer, on your smartphone or buy a physical wallet similar to a hard drive or USB stick.
Bitcoin wallets give you full control over your tokens and keep them safe and secure in the event that a crypto exchange is hacked or goes bust. You should never store your coins on an exchange.
There are several different pros and cons to the different types of wallets, so bear that in mind when you make you choice. Bitcoin.org has a good breakdown of the various choices you can make.
How to mine bitcoin: A guide to bitcoin mining at home - Could YOU become a bitcoin miner?
2. Get a powerful bitcoin mining rig
Each bitcoin in existence is mined from a data set or block of intense calculations on the bitcoin network. Every time a block is successfully mined, a handful of around 12.5 bitcoin is handed out to miners as a reward.
The blocks are broken down by power-hungry ASIC mining rigs – specialist computers built for the sole purpose of mining bitcoin.
Just a few years ago this would have been possible with nothing more than a desktop computer or a graphics card (GPU), but the difficulty of mining bitcoin increases every four years or so, with the rewards for successful mining decreasing as well.
There are currently about 17 million bitcoins in existence, and the mining process is already slowing down.
Buying a mining rig can be a costly venture and with the current difficulty of mining it might not always be a cost effective method for everyone. This bitcoin mining calculator will help you calculate the costs of buying a rig now and the potential returns you might see.
How to mine bitcoin: A guide to bitcoin mining at home - Could YOU become a bitcoin miner?
3. Find a good bitcoin mining pool
Once you have set up your brand new mining rig, you will need to find a ming pool. A ming pool is a group of biotin miners that combine the power of their rigs to mine a block.
Mining through a pool is usually a better idea than going at it solo because the rewards are better. In a shared pool you will receive a smaller reward for successfully breaking a block, but the rewards will be more consistent and frequent.
The Bitcoin Wiki has a good comparison of various mining pools around the world, and the rewards they offer for joining.
4. Find the right mining software to kickstart your mining venture
The very last step before you begin mining for bitcoin is to find a mining client that will run for you on your computer.
The program you use will depend on your computer make and the model of your mining rig. Some of the more popular options include BFGminer, CGminer and BTCMiner.
Here is a comprehensive list of the options available for Windows, Mac OS and Linux distros.
5. Start mining your very first bitcoin
There is one last thing to do before you kick back and wait for bitcoin to stream in. You need to fire off your mining rig and mining client.
You will have to start the software of your choice and enter the address and password of the mining pool you have chosen in step 3. After that, all you have to do is wait for your bitcoin rewards.
Related Stories
Latest News
Top news around the world
Academy Awards

‘Oppenheimer’ Reigns at Oscars With Seven Wins, Including Best Picture and Director

Get the latest news about the 2024 Oscars, including nominations, winners, predictions and red carpet fashion at 96th Academy Awards

Around the World

Politic
Mary Trump 'energized' as uncle 'Donald's campaign spirals into chaos'
Mar 29, 2024
Donald Trump's campaign is in chaos, and his niece says she's energized.Mary Trump, the niece of the former president and a psychologist by trade, has previously been critical of her uncle.On Thursday, she said her uncle's failures are adding up.ALSO READ: A neuroscientist reveals how Trump and Biden's cognitive impairments are different"As the RNC’s fundraising falters and Donald’s campaign spirals into chaos, I am energized!" she said in a Substack post.She then continued:"When Donald dominates the news cycle, it’s hard not to feel overwhelmed. Every bad headline has a negative impact. But then I remember something crucial: There’s usually more to the story than meets the eye. I’m determined to cut through the media noise and share with you all the good that happened this week. These are the headlines we need to remain energized and hopeful that the media largely ignored."Mary Trump goes on to highlight President Joe Biden's recent fundraising hauls."President Biden’s $155 million+ war chest has just received another turbo boost, bringing the total of cash on hand to at least $180 million. (By comparison, between his campaign and the RNC, Donald barely has over $50 million — and continues to drain the accounts to cover his absolutely staggering legal expenses)," she wrote. "This is a development that could significantly increase Biden’s ability to influence the narrative in crucial swing states."This, she says, also tells us a lot about voter excitement for Biden."While critics have expressed doubts about the degree to which the Democratic base is fired up as compared to 2020, today’s $25 million fundraiser, raised with donations ranging from $250 to $500,000, should put any doubts to rest — yes, we are absolutely behind President Biden and Vice President Harris and we’re in this fight until the end," she wrote.Read the full post here.
READ MORE
Celebrity News

> Latest News in Media

Watch It
Ruby Franke’s Husband REVEALS Alleged Rules He Had to Follow at Home | E! News
March 28, 2024
_mU-3lE2QwI
#KenanThompson speaks out following the #QuietonSet documentary. (🎥: Tamron Hall Show) #shorts
March 28, 2024
8AGP-Gfw_Ek
King Charles Shares "Great Sadness" at Missing Royal Appearance | E! News
March 28, 2024
lyizFqf1kQY
Martha Reeves Walk of Fame Ceremony
March 27, 2024
QzyezumEPtQ
Eminem, 50 Cent & Snoop Dogg Present Dr. Dre with a Star on the Walk of Fame
March 19, 2024
4bNLs1hxVp8
Opening Remarks for the Variety Summit October 20th, 2023 Jay Penske
March 18, 2024
c6Z707iLq8E
Montell Jordan Dishes On Young MC Wedding, 'This Is How Date Night' Plans | TMZ
March 28, 2024
G3SMExj-qio
Davina Potratz Says TV Not Helping 'Selling Sunset' Relationship Woes | TMZ
March 28, 2024
D4piy4GNm4k
Logan Paul Rips Graham Bensinger Over Documentary, You Promised Apple TV+ | TMZ Live
March 28, 2024
NiSDpZhZklQ
Prince William pinned royal medal to Spice Girl Mel B’s boobs #shorts
March 28, 2024
O1cQ0UW9pco
Jennifer Garner shares ‘hard’ part of raising her and Ben Affleck’s kids
March 28, 2024
3Q7mZaVUdgc
50 Cent's ex Daphne Joy named as an alleged sex worker in Sean ‘Diddy’ Combs lawsuit #shorts
March 28, 2024
yhLFI8DG9rM
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
28
Mar
CHAMPIONS LEAGUE: Playoffs - Women
PSG W - Hacken W
28
Mar
CHAMPIONS LEAGUE: Playoffs - Women
Barcelona W - SK Brann W
27
Mar
CHAMPIONS LEAGUE: Playoffs - Women
Chelsea W - Ajax W
27
Mar
CHAMPIONS LEAGUE: Playoffs - Women
Lyon W - SL Benfica W
17
Mar
SPAIN: La Liga
Atletico Madrid - Barcelona
17
Mar
ENGLAND: FA Cup
Manchester United - Liverpool
17
Mar
ITALY: Serie A
Inter Milan - Napoli
17
Mar
GERMANY: Bundesliga
Borussia Dortmund - Eintracht Frankfurt
17
Mar
ENGLAND: FA Cup
Chelsea - Leicester City
17
Mar
ITALY: Serie A
Roma - Sassuolo
17
Mar
ITALY: Serie A
Verona - AC Milan
17
Mar
ITALY: Serie A
Juventus - Genoa
16
Mar
GERMANY: Bundesliga
Darmstadt - Bayern Munich
16
Mar
ENGLAND: FA Cup
Manchester City - Newcastle United
16
Mar
ENGLAND: Premier League
Fulham - Tottenham Hotspur
16
Mar
SPAIN: La Liga
Osasuna - Real Madrid
13
Mar
CHAMPIONS LEAGUE: 1/8 Final
Atletico Madrid - Inter Milan
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Barcelona - Napoli
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Arsenal - Porto
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.