Why Do You Get Bitcoin For Mining

We are miners from 2013 looking to create community and help train and learn together as blockchain tech changes so quickly. For context the first exchange rate given to bitcoin was in october 2009 10 months after the first block was mined.

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How exactly do you mine.

Why do you get bitcoin for mining. How exactly do you mine. When you hear about bitcoin mining you envisage coins being dug out of the ground. Bitcoins price has be! en soaring and mining seems to be the cheapest way to strike it big.

Leave your thoughts in the comments call in ask us anything. Asic miners are specialized computers that were built for the sole purpose of mining bitcoins. But bitcoin isnt physical so why do we call it mining.

Get bitcoin mining hardware. 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. Its easier than you think.

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. Because its similar to gold mining in that. For hobby mining well show you some steps you can take to get started mining bitcoins right now.

If you cant ge! t a positive result on the calculator it probably means you do! nt have the right conditions for mining to be profitable. Its easier than you think. You wont be able to mine without an asic miner.

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