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.
To do bitcoin mining you need a processor to calculate mining specific maths problems as a miner does or you can just buy a miner and start mining directly but in computer there is a need of installing some additional software to start mining. 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.
Mined bitcoins are directly sent to you bitcoin address and this are the bitcoins coming from the transaction fees all around the world. It is efficient when you are doing it at large scale or by purchasing a miner so you could get nice and affordable income but doing it at small scale is not much profitable.