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Wednesday, January 12, 2022

How to generate bitcoins with a PC?

generate bitcoins
" Bitcoin mining " or " bitcoin miner " translated into Italian means "to mine bitcoins ".

The term " undermine " comes from the English verb " to mine " which means "to extract "; we can compare (metaphorically) this profession to the classic miner who works in the mine.

Technically, what is the "bitcoin miner"?

To better understand, on a technical level, the role of the miner it is possible to write that:

 Money transfers are stored in "blocks" of data. Each block corresponds to a code that is processed by a computer owned by a volunteer who takes the name of "miner". The miner is given 50 BTC (bitcoins) for each data block processed.

If you want to increase the chances of receiving BTC you have to " mine bitcoins ". Those who mine bitcoins are called by the name of " miner " (miner).

 The tools you must have to mine BTC are PC, internet connection, specific wallet for bitcoin, and Java, the latter already installed on your hard disk. As far as the operating system is concerned, you can have either Windows, Linux, or Mac as at least one specific software has been created for each OS to mine; currently, the most popular software are those for Windows OS.

Whether you move alone or in a "pool" you can choose whether to mine BTC with the classic hardware of your PC or with specific hardware belonging to the " ASIC mining rig " family.

If you opt for the classic hardware you must have at least one graphics card with dedicated memory and a medium-high performance processor (CPU) and good cooling fans. However, it is not recommended to use the classic hardware of your PC as mining bitcoins involves considerable wear on your hardware components and considerable overheating without taking into account the high energy you consume and which will affect your electricity bill. To put it simply (even if it isn't) as the performance of graphics cards and CPUs increases, the chances that you will be able to mine more bitcoins increase.

generate bitcoins
 At the end of the hardware chapter you will have to choose and download software to mine BTC or you will use that of the pool you are part of. More details on mining software.

 Having said that, it should be noted that if mini BTC:

 alone with classic PC - do not think that your office/home PC and an internet connection are enough to earn BTC. It takes several computers with enormous computing power that significantly affects the consumption of electricity that you will have to pay, on balance it does not seem worth it. There are already those who have tried before you to mine BTC without specific hardware and earnings are around less than a cent a month without counting slowdowns and any damage that the "bitcoin mining" activity can cause to your classic PC.

with USB Miners - USB sticks had some success at launch but were soon abandoned because they did not generate any kind of profit.

with hardware ASIC mining rig - the most professional solution whether you work solo or in a pool.

generate bitcoins
Software to mine BTC

After having decided to carry out the activity of "mining" alone or in a "pool" and understood which hardware to use, all you have to do is choose the software to mine the one who will manage the real "mining" process.

 If you work solo you will connect your software to a " blockchain ", if you join from a "pool" the software will connect directly to the "pool" if you do "cloud mining" (not recommended for too many scams) you will not need the software.

The software has the task of delivering the work done by your hardware to the Bitcoin network and at the same time receiving the work done by the other "miners". You can also check other data such as the hash rate, speed, and temperature of the tubes.

 Remember that the software must also be chosen based on the operating system. Here is a list of the most popular software to mine BTC, for each there is written the operating system with which it can work.


1 comment:

  1. Good and informative article, I learnt from this article about crypto.

    ReplyDelete

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