how to start bitcoin mining?
today we see how bitcoin market is booming. everyone wants to participate in this market, so in this article i am gonna tell you how to start "Bitcoin Mining".
before starting bitcoin mining you have to understand about the risk which is involved in this bitcoin mining. first of all short introduction about bitcoin mining.
Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The speed at which you mine Bitcoins is measured in hashes per second.
so to start mining we need computer power which indicate as Hash power more power means more rewards.
there is two ways to start bitcoin mining.
hardware mining 2. cloud mining
hardware mining :- it's most trustable mining. many users who are rich try this method. in this method we have to purchase some equipments and machines to start mining.its a costly process which gives profit after a short time. this short time varies on machine configurations. if you start with high machine then short period will be 3 to 4 months if you start with low budget machines then this period will be 9 to 12 months.
cons:-
high budget
needed expert to start mining with coding & algorithem
electricity
complicated set ups
cons:-
you have to give some amount to other online party which is mostly not safe because we dnt know about that company.
genrated profit is low compare then hardware mining
i hope this article helps you about to clear your doubts.
thanks
