The most profitable ways to mine bitcoins today

 The modern crypto space makes it possible not only to have fun and get a wide variety of knowledge, but also to earn bitcoin on your equipment. And with the invention of the so-called bitcoins, it became much easier to do. Moreover, now there is a great opportunity to combine business with pleasure and turn bitcoin mining from simple entertainment into an additional source of income. The extraction of bitcoins by mining is available to everyone, if only you have a special. equipment. This requires specific knowledge, a kind of mining instruction. Everyone can choose the best bitcoin mining option for themselves.

It's time to find out what it means to mine . A popular method of mining cryptocurrency is mining. It is classic but rather difficult to use. There are also other methods that provide less income, but are much more affordable. Virtual coins can be earned using cloud bitcoin mining , which is one of the most popular, using bots, games, doublers, faucets and much more.

How to start mining?

Since the invention of cryptocurrencies, interest in them has grown significantly, many new users are interested in how to mine bitcoins and how bitcoin mining works, and people who have been doing this since the early days of crypto wallets have managed to amass decent capital. At first, the cost of coins did not exceed a cent, and now this figure is about $ 9,500 for one bitcoin (the rate is relevant for February 2020). And the value of the virtual coin should rise.

But it is worth immediately disappointing the lovers of easy money who think about how to earn bitcoins on a computer: even 1 btc is not so easy to get. The vast majority of miners are forced to limit themselves to the so-called satoshi - a kind of virtual cents and pennies. But even they can be obtained up to 1,000 per hour for the simplest tasks. In fact, this is not such a large amount: 1 thousand satoshi equals only 0.1125 dollars.

Mining Bitcoin: Basic Principles

Mining simplifies the complex process of mining bitcoin. There have been cases when mining bitcoins on a home PC brought up to 25 btc for completing a single task, but this is extremely difficult. And last year this figure was halved. Now the discovery of a new block can bring in only 12.5 bitcoins.

Spending cryptocurrency is not difficult at all. You just need to exchange it for any other electronic currencies. No matter how many bitcoins you receive, you can always exchange them through Yandex.Money, QIWI, WebMoney or any other wallet or service, and then use it at your discretion.

Mining on a home computer

So, how to mine bitcoins, what is it?

Mining bitcoins is the first and only way to mine cryptocurrency . He is unique.

So how do you make bitcoin? The method consists in using cryptocurrency using special ASIC equipment and its power resource. He simply has to solve mathematical problems, and when the so-called hash is found, the miner will receive a reward. This is the answer to the question of how to mine BTC.

For 1 hash, bitcoin production is 12.5 coins, but this is quite a good amount, given the cost of one bitcoin, which reaches 11 thousand dollars. As a result, the miner will have about $ 140,000 on hand. But here the seeker of clues, who wants to know how to mine bitcoins with the help of a video card, faces the main catch: modern problems can only be solved by the latest specialized computers, the cost of which can amount to several thousand dollars, an ordinary PC simply cannot cope with the search for a hash. In addition, several hundred miners are probably carrying out BTC mining right at the same second, solving the same problem. And there is no guarantee that the hash will be yours.

Is mining profitable from an economic point of view? 

Mining at home has ceased to be considered an extremely profitable activity immediately after specific devices began to appear on the cryptocurrency market. Bitcoin mining turned into a real profession, in which there was nothing to do for stationary computers and their owners, and almost everyone learned what bitcoin mining is.

To mine BTC on your computer, it is best to use the power of ASIC hardware. It is such equipment that can generate about 2.5 GB of hash per second, with its help you can mine bitcoins. And the consumption of electricity is very insignificant - about 2.5 watts. For example, mining on a home PC with a Radeon HD 7990 card will generate a maximum of 1.2 GB of hash, while consuming as much as 200 watts. In this case, home mining will not be able to compete with seasoned players. What internet speed is needed for mining? Naturally, the highest and most stable to date.

Now classic mining is used only by professionals, but the question of how to earn bitcoins using a computer is of interest to both beginners and amateurs. But it is preferable for them to act using more modern methods of mining cryptocurrency. Even specific farms began to appear on which equipment is used, whose power is many times higher than that demonstrated by the ASIC. Given this market situation, it is better to give preference to modern programs and to questions such as how to become a bitcoin miner, answer: choose cloud mining, with which you can earn bitcoins with a much greater probability.

Cloud mining: how to mine bitcoins with it?

The attractiveness of such mining is that the equipment does not need to be purchased. How to mine in this case? The miner just invests in the purchase or lease of the required capacity. What do you need to mine Bitcoin? The following scheme is relevant:

• Find a suitable site to understand how to mine bitcoins on your computer;
• register there to deposit the required amount of cryptocurrency to your account;
• buy power in the amount as you can afford it
• start mining bitcoin.

In this case, bitcoins will be mined by you along with other miners. The trick is how to mine cryptocurrency on your computer will no longer be a secret. And the winnings are divided among all, taking into account the invested funds. Of course, given the way how to mine cryptocurrency, the profit will be much smaller. But the chance of winning will be several hundred times higher.

Where to mine bitcoins?

There are sites that demonstrate how to mine bitcoin and allow you to do it without investing your own funds. For example, these portals will tell you what bitcoin is, how to earn it:

List of reputable cloud mining services:

• Ecos - BTC cloud mining. The welcome promo code gives you a free trial contract ( 0.5 TH / s for 30 days ). The minimum contract is $ 125. There is an affiliate program. The substation capacity is up to 200 MW. Profitability: from 25% / year to 300%. Minimum payout: 0.001 BTC, excluding commission fees.
• Kryptex - You can mine on a computer, rig, ETH farm, RVN, Grin, etc. You can also rent a GPU on this platform.
• YoBit - Virtual Mining - VMining tab. Profitability: from $ 2.28 / day.
• Iqmining - Sold to own a share of the mining capacity for the cryptocurrency BTC, ETH and 150 more altcoins. In addition, registration is rewarded with 10% of the purchased capacity. Profitability: up to 217% / year.
• Hashflare - Lease mining facilities for DASH, ZEC, ethereum, sha-256 (BTC) and scrypt (Litecoin) mining. Yield: 239.04% / year, 0.65% / day. Code  HF18OSE8OD10 gives 10% discount on all contracts.
• Bitdeer - Lease facilities for mining BTC. The project also has an affiliate program.
• Hashing24 - Lease out a share for the mining of BTC cryptocurrency. Profitability: 0.56% / day.
• Genesis-mining - Lease power for SHA 256, Dagger, X11, Zcash mining. Profitability: 71.23% / year 0.2% / day. Promo code - IVUZQn gives a 3% discount.

Bitcoin production: can you make money on it?

This is what the services are called, where it is possible to get cryptocurrency by performing any actions. And a specialized computer for mining bitcoins is completely optional.

To know how to mine bitcoins on your computer, you can use special sites . For example:

FreeBitcoin - clearly makes it clear what it means to mine bitcoins. The resource is in English.

MoonBitcoin  - gives out satoshi for entering captcha.

Claimbtc is a site where you can get cryptocurrency just by choosing pictures.

Domestic projects where bitcoin mining is possible are still significantly inferior to foreign ones. But the time is not far off when they will be able to compete with English-language sites.

Bitcoin mining as a business: perspective

It should be assumed that the value of bitcoins will continue to grow. In this regard, since the resource is finite, and finding it becomes more and more difficult. What do you need for mining now? The most modern equipment. In addition, the cryptocurrency turns into a reserve currency.

If you are also planning to start mining bitcoins. And if you are wondering how to become a miner, you can start with faucets. It is this method that ensures the constant winning of Satoshi. Having studied bitcoin mining, it will be possible to try other, more complex methods for mining cryptocurrency. In addition, having received virtual funds for free, you can invest them in classic or cloud mining. The classic way to mine cryptocurrency will eventually become completely irrelevant. Since the cost of equipment will invariably rise, and it itself becomes obsolete faster and faster. The difficulty in solving blocks will increase and as a result, mining on a PC will no longer be profitable.

In any case, you already know how bitcoin mining takes place. 

Important!  No one will ever give a 100% guarantee that all services will work forever, so be responsible for your choice.

What kind of mining are you doing? Tell us your success or failure story. Thus, you will help many deal with this topic.