What You Need for Mining Bitcoin

Bitcoin is growing increasingly popular as a digital currency. Not just cryptocurrency enthusiasts, but even investors in various sectors are starting to be interested in owning Bitcoin as the price continues rising. Furthermore, with the continued advancement of modern technology, owning digital currency assets has become commonplace. Currently, Bitcoin has been accepted as a legal payment asset in several countries.

So if you are interested in owning Bitcoin, how do you acquire it? The easiest way is to buy it on an exchange like Tokenomy, but you can also mine it. Bitcoin is built on a blockchain system processed between thousands of interconnected computers around the world.  It is mined by solving very complex mathematical equations in a short time. To do so, you need a powerful computer system to be able to solve these equations faster than other miners. Computer systems require several tools to support Bitcoin mining activities. Here are some Bitcoin mining tools you’ll need to get started!

Hardware For Mining Bitcoin

• CPU (Central Processing Unit)
  To mine Bitcoin, it is necessary to have a CPU or Central Processing Unit with a high capacity and quality. It is in this CPU that the solving of mathematical equations is executed, so if the CPU used does not have the right specifications, Bitcoin mining may not work optimally.

• GPU (Graphics Processing Unit)
  Some miners have switched to using GPUs, often called Graphics Processing Units, as an alternative to CPUs that can work faster in solving equations in the Bitcoin blockchain system. Basically, a GPU is an alternative hardware to the CPU that has a higher processing speed.

• FPGA (Field Programmable Gate Array)
  Field Programmable Gate Array, or FPGA, is a computer processing system used to mine Bitcoin. FPGA is one of the components that allows mathematical calculations in the blockchain system to run properly and correctly.

• ASIC (Application Specific Integrated Circuit)
  The high demand for good Bitcoin mining tools has led to the creation of  hardware specifically designed for mining cryptocurrencies, such as ASIC or Application Specific Integrated Circuit. ASIC can do mining for free and in large quantities. With an effective mathematical calculation system, this hardware allows for more Bitcoins to be mined. Currently, ASIC is one of the best tools for mining Bitcoin, as evidenced by its widespread use in the global Bitcoin mining competition.

Software for Mining Bitcoin

Bitcoin mining requires the right software to support the hardware that you already have. Here are some different mining softwares that you can use to earn Bitcoin.

1. MultiMiner
   MultiMiner is a Graphical User Interface (GUI) software developed specifically for Windows 10. It’s also designed to work on Linux as well as MacOS systems, but you’ll need additional apps to do this. This software is designed to help miners join the pool of miners in the blockchain system.
2. CGMiner
   CGMiner can be used in any operating system so it is more flexible. This software is more intended for miners who already have a lot of experience in mining Bitcoin because it looks more complex than other software.
3. EasyMiner
   If you are a beginner and prefer an easy-to-use interface, then EasyMiner is the right choice. This software is the result of more advanced CGMiner development. In addition, EasyMiner is also very suitable for those interested in solo mining or joining a pool. EasyMiner can also be used to do other AltCoin mining.
4. BitMiner
   This software was designed for a specific pool so that the setup process tends to be very fast. You just have to install BitMiner when you are connected to the desired pool to start mining Bitcoins. BitMiner can also be used on any operating system.
5. BFGMiner
   Another software for those who have done a lot of Bitcoin mining and want to customize the process is BFGMiner. This software was designed to save electricity costs and can also be used by various pools so that it eliminates need to use other applications.
6. KryptexMiner
   KryptexMiner helps its users track the most profitable coins, making it suitable for novice miners. This software can monitor the hash rate and also the profit that each user can get. Withdrawal fees also tend not to be high so it can save costs.

Bitcoin Investment

Have you become more interested in Bitcoin mining? It may seem simple, but being a miner requires many resources so the cost is very high. One who lacks expertise runs the risk of great losses.

If you are interested in profiting from Bitcoin and are not ready to become a miner, then you can invest in Bitcoin in an easier way, such as making deposits or trading Bitcoin, both of which you can do on Tokenomy. Besides being practical, Tokenomy is also beginner-friendly because it features a demo account where you can practice trading for free. Joining Tokenomy is easy—just register and go through the identity verification process. What are you waiting for? Start investing on Tokenomy right now!