Bitcoin Mining Software
Thoughts and practical advice on crypto mining in 2020.
Learn what Bitcoin mining is and how to start today!
Bitcoin mining is a process of securing Bitcoin, during which miners (you and I) earn some BItcoin (or a portion of it).
Under the hood, it is a fairly complex mathematical process, and a primary reason why many people don't understand nor wanna try Bitcon and Cryptocurrency mining.
Luckily, it is 2020, and Bitcoin has been around for more than 10 years now.
The technology has advanced enough, bringing us quite a few interesting Bitcoin GUI mining apps.
You no longer need to use console miners nor have programming/administration knowledge.
Basically, using any of new GUI mining apps allows you to start within minutes- similarly to installing a movie or music playing app.
How to pick the best Bitcoin mining hardware
This will always depend on your situation- but usually you can start with what you already have.
Another beauty of using new bitcoin mining apps is that they work with pretty much any in-house hardware.
If you bought any CPU or GPU within the last 10 years- you can mine Bitcoin and other cryptocurrencies.
Of course, using stronger CPUs and GPUs will yield better income, but that doesn't mean you can't start slow and slowly progress as you get into the business.
What is the best time to sell Bitcoin or other Crypto earnings
A very important yet rarely understood factor with Bitcoin mining is when and how you should withdraw your earnings.
The Bitcoin price is varying all the time, and if you take a look at longer trends- there are 10%, 20%, 50% and even 200% price fluctuations during the same year.
In other words, your profit will vary a lot based on when you decide to withdraw earnings.
Strong miners(with lots of mining rigs) withdraw fairly often to be sure that their electricity and other expenses will be met.
But small miners have freedom of selling Bitcoin when markets are going into their favor.