How to Mine Bitcoins

 

Actually want to try mining bitcoins? Well, you can do it. However, it’s not profitable for most people as mining is a highly specialized industry. Most Bitcoin mining is done in large warehouses where there is cheap electricity.

 

To be real:

Most people should NOT mine bitcoins today.

Most Bitcoin mining is specialized and the warehouses look something like this:

 

 

That’s who you’re up against! It’s simply too expensive and you are unlikely to turn a profit.

However: we’ll show you some steps you can take to get started mining bitcoins right now.

 

Step #1: Get Bitcoin Wallet

 

When earning bitcoins from mining, they go directly into a Bitcoin wallet.

You can’t mine without a wallet.

 

Step #2: Find a Bitcoin Exchange/Wallet

 

If you aren’t sure which one to buy, our bitcoin wallets guide will help you select a wallet.

When earning bitcoins from mining, you may need to sell the coins. You may also need to buy coins on exchanges.

 

Step #3: Get Bitcoin Mining Hardware

 

You won’t be able to mine without an ASIC miner.

 

ASIC miners are specialized computers that were built for the sole purpose of mining bitcoins.

Don’t even try mining bitcoins on your home desktop or laptop computer! You will earn less than one penny per year and will waste money on electricity.

If you contributed 1% of the pools hashrate, you’d get .125 bitcoins out of the current 12.5 bitcoin block reward.

 

Because these machines are already hosted with Byt-Miner, your time to get online is FAST, allowing you to start generating bitcoin ASAP.