Mining Bitcoin and showing others how since 2010
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What is Bitcoin Mining?
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Articles for beginners
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What is Bitcoin?
Bitcoin is an internet protocol that enables the transfer of value over a communications channel like the Internet or radio.
An easily understood application is decentralized digital currency; like being able to send a gold coin as easy as you send an email.
But blockchain technology enables many things like a fridge that can pay for and restock itself or self-driving taxis.
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What is Bitcoin Mining?
Bitcoin mining is how Bitcoin transactions are validated and confirmed by the Bitcoin network.
Bitcoin miners create a new block by solving a proof of work problem that is chained through cryptographic proof to the previous block.
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What is a Bitcoin Miner?
A Bitcoin miner is a computer specifically designed to solve problems according to the proof of work algorithm.
Currently, highly specialized chips called ASICs, Application Specific Integrated Circuits, are used as Bitcoin miners.
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How To Mine Bitcoins
Anyone can get a Bitcoin miner and mine Bitcoins by connecting to the Bitcoin network. Those with lower electricity costs have a competitive advantage.
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How-to articles to get up and running
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Getting Started Mining Bitcoins
Bitcoin is not the same on what you are using on a daily basis or the things that you might know. In order for you to be able to start using Bitcoins without any pitfalls or unsecured transaction, you should refer some guides on how to start with.
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Software
The actual process of Bitcoin mining is to connect both mining hardware and mining software. Hence, the Bitcoin mining software will take care of the distribution of digital data into the network and process them into a complete information for you to be able to understand the statistics.
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Bitcoin Cloud Mining
Bitcoin Cloud Mining is a different option of solo mining or using hardware. Without owning a hardware for mining, you can still mine by a way of cloud mining.
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How To Avoid Bitcoin Cloud Mining Scams
Bitcoin investment has grown day by day, with cloud mining rising as the new and most efficient strategy to making sound profits. However, for you to invest in this area, you are required to be dependent on bitcoin cloud mining companies, but rarely will you land in the hands of legit ones.
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A look back
The Bitcoin Miner Story
Take a journey through the early years and beyond through our archive of articles.
BitcoinMiner.com was created in December 2010 as a message board and forum. The @bitcoinminer Twitter account was created November 2010. Bitcoin was still a toddler and mining was a confusing prospect.
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