Mining Bitcoin is the easiest way to earn money online. There are many ways to mine bitcoin such as cloud mining, CPU Desktop mining and the most famous, of course, Bitcoin Hardware Machine. I mean, creating magical Internet money from your home computer? What could be better?
Well, the fact is that today Bitcoin mining has become more of a profession than a hobby. It requires extremely expensive equipment, high electricity costs, hardware configuration knowledge and physical space to actually store your miners.
A link has been put in the resource section below to one of our more popular articles dealing with the profitability of Bitcoin mining today. Having said that, mining altcoins is cheaper than what you’d need in order to mine Bitcoin. But this only means that the hardware will cost less.
The other hassles of electricity costs, configurations, maintenance and so on are basically the same. Sometimes you’ll encounter a website or mobile app that tells you they will mine coins for you. Most of these services are pretty much useless and will usually consume your device’s computing power and battery just to give you a few cents in return.
To sum it up, actual mining requires a high amount of effort, yields medium to high rewards and is a risky business.
Another option is cloud mining – paying someone else to handle the mining equipment for you. While this sounds ideal, most of the cloud mining sites today are just pretending to use your money for mining operations, they are in fact scams. Furthermore, while there are a few legit sites out there, the money you’d pay them to mine Bitcoin is probably better invested just buying Bitcoin. Of course we always urge you to do your own market research since in the end, it’s your money.
If you are unable to buy Bitcoin Hardware machine and cloud mining due to scam, still you can mine bitcoin using your CPU/Desktop Computer.The safest method.
1. Coinpot – Desktop CPU Mining
This is my favourate website to mine Bitcoin and other cryptocurrencies like Litecoin, Ethereum, Dogecoin, Tokens.You might aware of this. You need to create an account with coinpot and start mining which cryptocurrencies would like mine. Uniqueness features of the Coinpot is that you can mine with one account many cyrptocurrencies at one time, only you need to run in different browser. There is no IP restriciton. Sign up here with Coinpot.
2. Faucethub.io– Desktop CPU Mining
Mining with Faucethub.io also easy and same time you can collect Bitcoin from Faucet also. Dual way of earning free bitcoin.Good hashrat and paying. Sign up here with Faucethub.io
3. Coinhive– Desktop CPU Mining
4. Minergate Mining – A software mining
This method is different from above. You have to install Minergate software and create an account.Sign Up and download Minergat Softerware. Do your work as usual whatever you have, keep the software run at background. You can close the window and check anther day how much mined by the software.
Please follow the process to install MONERO software. Detailed Guide to download and installing Monero Mining Software – Minergate.
Bitcoin Mining Hardware
If you would like to invest money in buying Bitcoin Mining Hardware exactly a profitable business. But, please remember that increasing number of mining machines hav troubled to pool the Bitcoin very low hash rate, so I do not recommend to mine Bitcoin and have seen these days not profitable investment. You will have to pay electricity bill as well internet. Still interested, look at:
Mining Profitability Calculator – Before going into mining, check your profit with Mining Profitable Calculator.
Don’t Mine Bitcoin, then WHAT?
Mine other cryptocurrencies having low price of machine. There are many exchangers available in the market to exchange your cryptocurrencies. Wait to price go up and then sell or exchange.