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Board Beginners & Help
Re: How to start mining of bitcoin?
by
Asuspawer09
on 05/09/2020, 18:02:50 UTC
I am new to bitcoin world. I want to learn about bitcoin and how we can mine or earn it.
Go through the thread How to earn bitcoin, and you'll know the possible ways of earning bitcoin. When it comes to the process of mining bitcoin, it is not simple as buying bitcoin. It requires investment, good technical knowledge, perfect location where one can get electricity for low price and natural cooling.

Agree, go find some other ways to earn bitcoin because mining this day mining is not a great way to earn bitcoin, only big companies are able to make a profit in the mining business since the last bitcoin halving.

Most of the small miners or solo miners are end up selling their hardware in the market because it is not profitable for small miners anymore, we could notice a lot of RX570 in the market that came from cryptocurrency minings. Also when investing in the mining business you need to consider a lot of things like the locations because it is not suitable in tropical countries.

Still, to start mining I guess you just need knowledge about it, buy hardware that you need, consider if it is suitable in your location, pick what kind of mining, etc.