{"appState":{"pageLoadApiCallsStatus":true},"articleState":{"article":{"headers":{"creationTime":"2017-08-01T03:52:48+00:00","modifiedTime":"2017-08-01T03:52:48+00:00","timestamp":"2022-09-14T18:19:33+00:00"},"data":{"breadcrumbs":[{"name":"Business, Careers, & Money","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34224"},"slug":"business-careers-money","categoryId":34224},{"name":"Personal Finance","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34273"},"slug":"personal-finance","categoryId":34273},{"name":"Cryptocurrency","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34277"},"slug":"cryptocurrency","categoryId":34277}],"title":"Mining for Bitcoins","strippedTitle":"mining for bitcoins","slug":"mining-for-bitcoins","canonicalUrl":"","seo":{"metaDescription":"You can get started earning Bitcoins in a variety of ways. Mining for Bitcoin is how to earn Bitcoins by participating in the network. It's usually handled by s","noIndex":0,"noFollow":0},"content":"You can get started earning Bitcoins in a variety of ways. Mining for Bitcoin is how to earn Bitcoins by participating in the network. It's usually handled by special mining hardware that is expensive and specialized. The equipment also needs Bitcoin mining software to connect to the blockchain and your <em>mining pool</em> (a collaboration of many miners jointly work together and then splitting the rewards of their efforts).\r\n\r\nHere are three standard ways to explore mining Bitcoin:\r\n<ul>\r\n\t<li><strong>Bitcoin-QT:</strong> The <a href=\"https://bitcoin.org/en/download\">Bitcoin-QT</a> client is the original software written by Satoshi Nakamoto.</li>\r\n\t<li><strong>CGminer:</strong> <a href=\"http://www.github.com/ckolivas/cgminer\">CGminer</a> is one of the most popular mining software. It is open source and available for Windows, Linux, and OS.</li>\r\n\t<li><strong>Multiminerapp:</strong> The <a href=\"http://www.multiminerapp.com/\">Multiminerapp</a> is an easy Bitcoin client to run.</li>\r\n</ul>\r\n<p class=\"article-tips remember\">Bitcoin is a very competitive environment, and unless you buy specialized mining equipment, you may never earn any Bitcoins. Expect to pay between $500 and $5,000 per machine on average. Amazon.com is a good place to look. They have a large offering and many customer reviews to help guide you.</p>\r\nCloud mining allows you to start earning bitcoins in an industrious afternoon, without the need to download software or buy equipment. Just follow these steps:\r\n<ol>\r\n\t<li><strong>Go to</strong> <u>https://hashflare.io/panel</u><strong>.\r\n</strong>\r\n<p class=\"article-tips warning\">The return on investment for cloud mining can be negative. Review your option carefully to make sure it is a positive investment.</p>\r\n</li>\r\n\t<li><strong>Scroll down the home page and click the Buy Now button under SHA-256 Cloud Mining.</strong></li>\r\n\t<li><strong>Go through the sign-up process.</strong></li>\r\n\t<li><strong>Link your bitcoin address.\r\n\r\n</strong>If you haven't established a bitcoin address, create a bitcoin wallet. You'll need to do this in order to claim your mining rewards.</li>\r\n\t<li><strong>Buy a small amount of mining power.\r\n\r\n</strong>This will allow you to join the bitcoin network.</li>\r\n\t<li><strong>Join a mining pool.\r\n</strong>\r\nThis step allows you to get a faster mining reward than mining on your own. It pools the resources of several miners and then shares the prize between the pool.</li>\r\n</ol>\r\nCongratulations! Now just sit back and wait for your mining rewards to start rolling (or dripping) in.","description":"You can get started earning Bitcoins in a variety of ways. Mining for Bitcoin is how to earn Bitcoins by participating in the network. It's usually handled by special mining hardware that is expensive and specialized. The equipment also needs Bitcoin mining software to connect to the blockchain and your <em>mining pool</em> (a collaboration of many miners jointly work together and then splitting the rewards of their efforts).\r\n\r\nHere are three standard ways to explore mining Bitcoin:\r\n<ul>\r\n\t<li><strong>Bitcoin-QT:</strong> The <a href=\"https://bitcoin.org/en/download\">Bitcoin-QT</a> client is the original software written by Satoshi Nakamoto.</li>\r\n\t<li><strong>CGminer:</strong> <a href=\"http://www.github.com/ckolivas/cgminer\">CGminer</a> is one of the most popular mining software. It is open source and available for Windows, Linux, and OS.</li>\r\n\t<li><strong>Multiminerapp:</strong> The <a href=\"http://www.multiminerapp.com/\">Multiminerapp</a> is an easy Bitcoin client to run.</li>\r\n</ul>\r\n<p class=\"article-tips remember\">Bitcoin is a very competitive environment, and unless you buy specialized mining equipment, you may never earn any Bitcoins. Expect to pay between $500 and $5,000 per machine on average. Amazon.com is a good place to look. They have a large offering and many customer reviews to help guide you.</p>\r\nCloud mining allows you to start earning bitcoins in an industrious afternoon, without the need to download software or buy equipment. Just follow these steps:\r\n<ol>\r\n\t<li><strong>Go to</strong> <u>https://hashflare.io/panel</u><strong>.\r\n</strong>\r\n<p class=\"article-tips warning\">The return on investment for cloud mining can be negative. Review your option carefully to make sure it is a positive investment.</p>\r\n</li>\r\n\t<li><strong>Scroll down the home page and click the Buy Now button under SHA-256 Cloud Mining.</strong></li>\r\n\t<li><strong>Go through the sign-up process.</strong></li>\r\n\t<li><strong>Link your bitcoin address.\r\n\r\n</strong>If you haven't established a bitcoin address, create a bitcoin wallet. You'll need to do this in order to claim your mining rewards.</li>\r\n\t<li><strong>Buy a small amount of mining power.\r\n\r\n</strong>This will allow you to join the bitcoin network.</li>\r\n\t<li><strong>Join a mining pool.\r\n</strong>\r\nThis step allows you to get a faster mining reward than mining on your own. It pools the resources of several miners and then shares the prize between the pool.</li>\r\n</ol>\r\nCongratulations! Now just sit back and wait for your mining rewards to start rolling (or dripping) in.","blurb":"","authors":[{"authorId":11136,"name":"Tiana Laurence","slug":"tiana-laurence","description":" <p><b>Kiana Danial</b> is an investment trainer and consultant as well as the author of <i>Cryptocurrency Investing For Dummies.</i></p> <p><b>Peter Kent</b> is a veteran technology author. <b>Tyler Bain </b>is a Certified Bitcoin Professional. Peter and Tyler are co-authors of <i>Cryptocurrency Mining For Dummies</i>. <b>Tiana Laurence </b>heads her own venture capital firm and is author of <i>Blockchain For Dummies</i>, 2nd Edition. <b>Michael G. Solomon, PhD,</b> is a professor of Computer Information Sciences as well as author of <i>Ethereum For Dummies</i>.</p>","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/11136"}}],"primaryCategoryTaxonomy":{"categoryId":34277,"title":"Cryptocurrency","slug":"cryptocurrency","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34277"}},"secondaryCategoryTaxonomy":{"categoryId":0,"title":null,"slug":null,"_links":null},"tertiaryCategoryTaxonomy":{"categoryId":0,"title":null,"slug":null,"_links":null},"trendingArticles":[{"articleId":172026,"title":"Repurposing Items for Beautiful Holiday Decorating","slug":"decorating-for-the-holidays-with-what-you-already-have","categoryList":["home-auto-hobbies","crafts","gifts-holidays"],"_links":{"self":"/articles/172026"}},{"articleId":192609,"title":"How to Pray the Rosary: A Comprehensive Guide","slug":"how-to-pray-the-rosary","categoryList":["body-mind-spirit","religion-spirituality","christianity","catholicism"],"_links":{"self":"/articles/192609"}},{"articleId":193770,"title":"How to Play Rummy: All You Need to Know","slug":"rummy-understanding-the-rules-and-starting-a-game","categoryList":["home-auto-hobbies","games","card-games","general-card-games"],"_links":{"self":"/articles/193770"}},{"articleId":153792,"title":"Format Numbers in Thousands and Millions in Excel Reports","slug":"format-numbers-in-thousands-and-millions-in-excel-reports","categoryList":["technology","software","microsoft-products","excel"],"_links":{"self":"/articles/153792"}},{"articleId":147241,"title":"How to Use the Z-Table","slug":"how-to-use-the-z-table","categoryList":["academics-the-arts","math","statistics"],"_links":{"self":"/articles/147241"}}],"inThisArticle":[],"relatedArticles":{"fromBook":[],"fromCategory":[{"articleId":289714,"title":"Cryptocurrency All-in-One For Dummies Cheat Sheet","slug":"cryptocurrency-all-in-one-for-dummies-cheat-sheet","categoryList":["business-careers-money","personal-finance","cryptocurrency"],"_links":{"self":"https://dummies-api.dummies.com/v2/articles/289714"}},{"articleId":289345,"title":"NFTs For Dummies Cheat Sheet","slug":"nfts-for-dummies-cheat-sheet","categoryList":["business-careers-money","personal-finance","cryptocurrency"],"_links":{"self":"https://dummies-api.dummies.com/v2/articles/289345"}},{"articleId":266918,"title":"10 Types of Cryptocurrency Mining Resources","slug":"10-types-of-cryptocurrency-mining-resources","categoryList":["business-careers-money","personal-finance","cryptocurrency"],"_links":{"self":"https://dummies-api.dummies.com/v2/articles/266918"}},{"articleId":266912,"title":"What Is Pool Mining?","slug":"what-is-pool-mining","categoryList":["business-careers-money","personal-finance","cryptocurrency"],"_links":{"self":"https://dummies-api.dummies.com/v2/articles/266912"}},{"articleId":266907,"title":"What Is Cryptocurrency Mining?","slug":"what-is-cryptocurrency-mining","categoryList":["business-careers-money","personal-finance","cryptocurrency"],"_links":{"self":"https://dummies-api.dummies.com/v2/articles/266907"}}]},"hasRelatedBookFromSearch":true,"relatedBook":{"bookId":289386,"slug":"cryptocurrency-all-in-one-for-dummies","isbn":"9781119855804","categoryList":["business-careers-money","personal-finance","cryptocurrency"],"amazon":{"default":"https://www.amazon.com/gp/product/1119855802/ref=as_li_tl?ie=UTF8&tag=wiley01-20","ca":"https://www.amazon.ca/gp/product/1119855802/ref=as_li_tl?ie=UTF8&tag=wiley01-20","indigo_ca":"http://www.tkqlhce.com/click-9208661-13710633?url=https://www.chapters.indigo.ca/en-ca/books/product/1119855802-item.html&cjsku=978111945484","gb":"https://www.amazon.co.uk/gp/product/1119855802/ref=as_li_tl?ie=UTF8&tag=wiley01-20","de":"https://www.amazon.de/gp/product/1119855802/ref=as_li_tl?ie=UTF8&tag=wiley01-20"},"image":{"src":"https://www.dummies.com/covers/9781119855804.jpg","width":250,"height":350},"title":"Cryptocurrency All-in-One For Dummies","testBankPinActivationLink":"","bookOutOfPrint":true,"authorsInfo":"\n <p><p><b><b data-author-id=\"21503\">Kiana Danial</b></b> is an investment trainer and consultant as well as the author of <i>Cryptocurrency Investing For Dummies.</i></p> <p><b>Peter Kent</b> is a veteran technology author. <b>Tyler Bain </b>is a Certified Bitcoin Professional. Peter and Tyler are co-authors of <i>Cryptocurrency Mining For Dummies</i>. <b>Tiana Laurence </b>heads her own venture capital firm and is author of <i>Blockchain For Dummies</i>, 2nd Edition. <b>Michael G. Solomon, PhD,</b> is a professor of Computer Information Sciences as well as author of <i>Ethereum For Dummies</i>.</p> <p><b>Kiana Danial</b> is an investment trainer and consultant as well as the author of <i>Cryptocurrency Investing For Dummies.</i></p> <p><b>Peter Kent</b> is a veteran technology author. <b>Tyler Bain </b>is a Certified Bitcoin Professional. Peter and Tyler are co-authors of <i>Cryptocurrency Mining For Dummies</i>. <b><b data-author-id=\"11136\">Tiana Laurence</b> </b>heads her own venture capital firm and is author of <i>Blockchain For Dummies</i>, 2nd Edition. <b>Michael G. Solomon, PhD,</b> is a professor of Computer Information Sciences as well as author of <i>Ethereum For Dummies</i>.</p> <p><b>Kiana Danial</b> is an investment trainer and consultant as well as the author of <i>Cryptocurrency Investing For Dummies.</i></p> <p><b><b data-author-id=\"9031\">Peter Kent</b></b> is a veteran technology author. <b>Tyler Bain </b>is a Certified Bitcoin Professional. Peter and Tyler are co-authors of <i>Cryptocurrency Mining For Dummies</i>. <b>Tiana Laurence </b>heads her own venture capital firm and is author of <i>Blockchain For Dummies</i>, 2nd Edition. <b>Michael G. Solomon, PhD,</b> is a professor of Computer Information Sciences as well as author of <i>Ethereum For Dummies</i>.</p> <p><b>Kiana Danial</b> is an investment trainer and consultant as well as the author of <i>Cryptocurrency Investing For Dummies.</i></p> <p><b>Peter Kent</b> is a veteran technology author. <b><b data-author-id=\"33256\">Tyler Bain</b> </b>is a Certified Bitcoin Professional. Peter and Tyler are co-authors of <i>Cryptocurrency Mining For Dummies</i>. <b>Tiana Laurence </b>heads her own venture capital firm and is author of <i>Blockchain For Dummies</i>, 2nd Edition. <b>Michael G. Solomon, PhD,</b> is a professor of Computer Information Sciences as well as author of <i>Ethereum For Dummies</i>.</p> <p><b>Kiana Danial</b> is an investment trainer and consultant as well as the author of <i>Cryptocurrency Investing For Dummies.</i></p> <p><b>Peter Kent</b> is a veteran technology author. <b>Tyler Bain </b>is a Certified Bitcoin Professional. Peter and Tyler are co-authors of <i>Cryptocurrency Mining For Dummies</i>. <b>Tiana Laurence </b>heads her own venture capital firm and is author of <i>Blockchain For Dummies</i>, 2nd Edition. <b><b data-author-id=\"34832\">Michael G. Solomon</b>, PhD,</b> is a professor of Computer Information Sciences as well as author of <i>Ethereum For Dummies</i>.</p></p>","authors":[{"authorId":21503,"name":"Kiana Danial","slug":"kiana-danial","description":" <p><b>Kiana Danial</b> is an investment trainer and consultant as well as the author of <i>Cryptocurrency Investing For Dummies.</i></p> <p><b>Peter Kent</b> is a veteran technology author. <b>Tyler Bain </b>is a Certified Bitcoin Professional. Peter and Tyler are co-authors of <i>Cryptocurrency Mining For Dummies</i>. <b>Tiana Laurence </b>heads her own venture capital firm and is author of <i>Blockchain For Dummies</i>, 2nd Edition. <b>Michael G. Solomon, PhD,</b> is a professor of Computer Information Sciences as well as author of <i>Ethereum For Dummies</i>.</p>","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/21503"}},{"authorId":11136,"name":"Tiana Laurence","slug":"tiana-laurence","description":" <p><b>Kiana Danial</b> is an investment trainer and consultant as well as the author of <i>Cryptocurrency Investing For Dummies.</i></p> <p><b>Peter Kent</b> is a veteran technology author. <b>Tyler Bain </b>is a Certified Bitcoin Professional. Peter and Tyler are co-authors of <i>Cryptocurrency Mining For Dummies</i>. <b>Tiana Laurence </b>heads her own venture capital firm and is author of <i>Blockchain For Dummies</i>, 2nd Edition. <b>Michael G. Solomon, PhD,</b> is a professor of Computer Information Sciences as well as author of <i>Ethereum For Dummies</i>.</p>","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/11136"}},{"authorId":9031,"name":"Peter Kent","slug":"peter-kent","description":" <p><b>Kiana Danial</b> is an investment trainer and consultant as well as the author of <i>Cryptocurrency Investing For Dummies.</i></p> <p><b>Peter Kent</b> is a veteran technology author. <b>Tyler Bain </b>is a Certified Bitcoin Professional. Peter and Tyler are co-authors of <i>Cryptocurrency Mining For Dummies</i>. <b>Tiana Laurence </b>heads her own venture capital firm and is author of <i>Blockchain For Dummies</i>, 2nd Edition. <b>Michael G. 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Solomon, PhD,</b> is a professor of Computer Information Sciences as well as author of <i>Ethereum For Dummies</i>.</p>","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/34832"}}],"_links":{"self":"https://dummies-api.dummies.com/v2/books/289386"}},"collections":[],"articleAds":{"footerAd":"<div class=\"du-ad-region row\" id=\"article_page_adhesion_ad\"><div class=\"du-ad-unit col-md-12\" data-slot-id=\"article_page_adhesion_ad\" data-refreshed=\"false\" \r\n data-target = \"[{"key":"cat","values":["business-careers-money","personal-finance","cryptocurrency"]},{"key":"isbn","values":[null]}]\" id=\"du-slot-63221b35dd7df\"></div></div>","rightAd":"<div class=\"du-ad-region row\" id=\"article_page_right_ad\"><div class=\"du-ad-unit col-md-12\" data-slot-id=\"article_page_right_ad\" data-refreshed=\"false\" \r\n data-target = \"[{"key":"cat","values":["business-careers-money","personal-finance","cryptocurrency"]},{"key":"isbn","values":[null]}]\" 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Mining for Bitcoins

By: Tiana Laurence and

Updated: 08-01-2017

Cryptocurrency All-in-One For Dummies

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You can get started earning Bitcoins in a variety of ways. Mining for Bitcoin is how to earn Bitcoins by participating in the network. It's usually handled by special mining hardware that is expensive and specialized. The equipment also needs Bitcoin mining software to connect to the blockchain and your mining pool (a collaboration of many miners jointly work together and then splitting the rewards of their efforts).

Here are three standard ways to explore mining Bitcoin:

Bitcoin-QT: The Bitcoin-QT client is the original software written by Satoshi Nakamoto.
CGminer: CGminer is one of the most popular mining software. It is open source and available for Windows, Linux, and OS.
Multiminerapp: The Multiminerapp is an easy Bitcoin client to run.

Bitcoin is a very competitive environment, and unless you buy specialized mining equipment, you may never earn any Bitcoins. Expect to pay between $500 and $5,000 per machine on average. Amazon.com is a good place to look. They have a large offering and many customer reviews to help guide you.

Cloud mining allows you to start earning bitcoins in an industrious afternoon, without the need to download software or buy equipment. Just follow these steps:

Go to https://hashflare.io/panel.
The return on investment for cloud mining can be negative. Review your option carefully to make sure it is a positive investment.
Scroll down the home page and click the Buy Now button under SHA-256 Cloud Mining.
Go through the sign-up process.
Link your bitcoin address.
If you haven't established a bitcoin address, create a bitcoin wallet. You'll need to do this in order to claim your mining rewards.
Buy a small amount of mining power.
This will allow you to join the bitcoin network.
Join a mining pool. This step allows you to get a faster mining reward than mining on your own. It pools the resources of several miners and then shares the prize between the pool.

Congratulations! Now just sit back and wait for your mining rewards to start rolling (or dripping) in.

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