Why Do You Get Bitcoin For Mining

Its easier than you think. You wont be able to mine without an asic miner.

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But bitcoin isnt physical so why do we call it mining.

Why do you get bitcoin for mining. Bitcoins price has been soaring and mining seems to be the cheapest way to strike it big. For hobby mining well show you some steps you can take to get started mining bitcoins right now. For co! ntext the first exchange rate given to bitcoin was in october 2009 10 months after the first block was mined.

Bitcoin mining the incredibly low cost days of mining bitcoin which only lasted a couple years were days where one bitcoin was so cheap that it financially made sense to mine them at a very low cost instead of buying them. Asic miners are specialized computers that were built for the sole purpose of mining bitcoins. Its easier than you think.

When you hear about bitcoin mining you envisage coins being dug out of the ground. How exactly do you mine. Because its similar to gold mining in that.

Leave your thoughts in the comments call in ask us anything. How exactly do you mine. Once you have all of these variables at hand you can insert them into a bitcoin mining calculator as can be seen below and get an estimate of how many bitcoins you will earn each month.

We are miners from 20! 13 looking to create community and help train and learn togeth! er as blockchain tech changes so quickly. If you cant get a positive result on the calculator it probably means you dont have the right conditions for mining to be profitable. Get bitcoin mining hardware.

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