Hi as a new beginner of bitcoins. I need some professional help and guidance. I have several questions and I hope that by starting this topic other newbies like me can also receive help.
The questions are as below:
1. What do I need to start mining bitcoin?
2. Where do I mine bitcoin from?
3. Is it really efficient if your electrical bills are really expensive?
4. What is the most efficient way to mine for bitcoin?
I really hope that you guys can help me answer these questions.
I thank you all in advance.
The questions are as below:
1. What do I need to start mining bitcoin?
2. Where do I mine bitcoin from?
3. Is it really efficient if your electrical bills are really expensive?
4. What is the most efficient way to mine for bitcoin?
I really hope that you guys can help me answer these questions.
I thank you all in advance.
First of all you need to do lot of research about bitcoin mining.If you are a newbie i don't advise you to begin bitcoin mining.Because bitcoin mining is more difficult when compared to other crypto mining.Well i still answer for your questions
1.If you wanna start bitcoin mining you need to put high investment to buy miners which is gonna mine bitcoins for you.If your system has more hashpower than you can mine more bitcoins.
2.There are two basic ways to mine: On your own or as part of a Bitcoin mining pool or with Bitcoin cloud mining contracts and be sure to avoid Bitcoin cloud mining scams. Almost all miners choose to mine in a pool because it smooths out the luck inherent in the Bitcoin mining process.
3.No,if your electricity is expensive.If you want to have more profit your country needs to have cheaper electricity.
4. GPU mining is most efficient way.