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How to mining bitcoin free updated 2020

Hello, friends in this article we cover what is bitcoin mining, How to mining bitcoin free, etc

so first of all basically a little introduction

What is bitcoin?

it is a digital currency 

Digital currencies don't use central ledger systems like banks do. 

This means coins can go straight from one person to another, without needing to be processed by a central ledger first which not only makes transaction times faster

 but also does not include the administration costs involved with a traditional ledger system making it cheaper for both the sellers and buyers to use.

How this works?

every transaction requires a very complex algorithm to be solved, to figure out in what order should transactions go in? 

 These algorithms also make sure coins are going to the right person at the right amount.

 And the same coin isn't being spent more than once. 

This is where miners come into play.

bitcoin mining meaning

how to mining bitcoin free

Bitcoin mining is the process in which people get bitcoins by using their computer system to solve complex algorithms to verify the transferring of bitcoin which in result

it permits you to come up with Bitcoins while not the necessity to truly purchase them

in simple terms, you can get bitcoins free by mining it 

How to mine bitcoin-

Miners need to solve the complex algorithms 

Each time one of these algorithms is solved a predetermined amount of coins depending on the currency being mined are released and given to the miners for the services they provided. 

This is also an incentive for more people to mine. 

A consequence of more people mining the currency is that it becomes available to scale as it can handle the increased amount of transactions from users. 

Depending on how quickly the problems are being solved the algorithms will change their difficulty to maintain a constant rate of new coins entering the market. 

Originally, miners used fast processors in their computers to solve these equations.

how to mining bitcoin free

 However, early on these miners realized that graphics cards used for gaming were much more effective and were faster for solving these algorithms. 

However, these graphics cards used a lot of electricity and became very hot causing them to be damaged.

 The next evolution in mining was the dedicated digital currency mining products that had chips in them specifically created for mining to be much faster at solving algorithms and use less electricity to increase profits and reduce overheating.

 However, over time these technologies have only become better and better.

 Due to a large number of miners and the rising difficulty of the algorithms, it is extremely difficult for any one computer to solve these problems on their own.

 This resulted in miners coming together as a group to combine the power of their individual machines to essentially create one big mining computer 

 the earnings are rewarded to the individual miners depending on how much work their individual computer did.

 This technique is called "pooling" which is a technique used by 99.9% of miners and what you will most likely use with software to mine any digital currency. 

How to mining bitcoin free?

yes  you can mine bitcoin free at home

how to mining bitcoin free

 Now a lot of people would say that mining cannot be done at home because you need very expensive equipment in order to start mining.

 This is not entirely true. 

Any computer can be used to mine Bitcoins, even the oldest and the weakest laptop you have lying around at home.

 Actually not too long ago a successful experiment was made wherein a 55-year-old IBM computer was used to mine Bitcoins.

 Anyway, whenever you start looking for guides on how to mine Bitcoins it’s always very technical with terms like “hash-rate” and “SHA-256” and all sorts of other weird stuff.

 So you find yourself struggling with these terms until you finally just give up on the notion of mining Bitcoins all together and, you know, just move on.

 Now the good news is that you can mine bitcoins at home, using any computer you have lying around in a simple and easy process.

 The only thing that you need is just a computer with internet access of course 

how to mining bitcoin free

 personally, I’d suggest using a computer that is not doing anything else 

because once you start doing this it’s going to be pretty demanding on the computer and it’s going to slow it down substantially. 

there are many sites you can use to mine bitcoins for free.

or you can use Softwares too eg-one of the best Nicehash

It doesn’t matter if you’re on a Mac, Windows or Linux computer, the program will run smoothly on any operating system, you just need to make sure you have Java installed.

 If you don’t, the program will ask that you install it once you run it.

 Once the program is up click “Engine start”, enter your username, and Voilà! 

A few important things before we conclude.

 Make sure to keep your computer cooled down using a fan or a dedicated cooling device because if you don’t it may overheat and damage itself.

 You’ll also notice that if you mine on your home computer, you’re probably mining very slow and won’t get enough Bitcoins to even cover the electricity cost of running the computer.

ASIC stands for Application-Specific Integrated Circuit and it’s basically an ultra-powerful computer designed for just mining Bitcoins you can use them for mining

You’re not going to be very efficient but if you want to get a taste of what it means like to be a Bitcoin miner


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