What is bitcoin mining?

Bitcoin mining is an essential component of the network's system for arriving at consensus as to the current state of the ledger. It is central to enabling people to securely make Bitcoin transactions. The Bitcoin network is a globally distributed public ledger consisting of a giant list of timestamped transactions.

Who can participate in bitcoin mining?

Anyone can participate in the Bitcoin mining process, but unless you have access to powerful computers known as ASICs (that’s “application-specific integrated circuits”), your chances of winning a Bitcoin reward are pretty low. » Not up for mining?

Is bitcoin mining legal?

Bitcoin mining is legal in most regions, including the US and Europe. In China the legal status of bitcoin mining is currently in a gray zone. Is bitcoin mining profitable?

Which bitcoin mining software is best?

While new bitcoin mining software is being developed every year, only a handful grabbed our attention due to their reputation, features, and ease of use. At the top of our list is CGMiner, which we chose as the best overall since its open-source platform can be used on any computer and practically any mining rig.