4 Ways to Mine Bitcoin for Beginners, Can be Through Free Applications!

How to mine bitcoin is not an easy thing, especially for beginners because it requires qualified equipment and devices. If you are interested, check out the following guide!

Are you interested in investing in bitcoin?

Bitcoin is becoming one of the best investment alternatives that is increasingly popular.

Currently there are several ways to get bitcoin especially for beginners.

One way to get new bitcoins is to mine bitcoins.

For some people, mining bitcoin is not an easy matter.

It’s just that, if you do it seriously, the opportunities you get will be profitable.

However, it’s a good idea to know what bitcoin is if you’re interested in diving into this one investment!

What is Bitcoin

Launching the BBC, bitcoin is a cryptocurrency, which is a virtual currency or digital currency.

Bitcoin owners can use the digital currency as a means of payment to buy products or pay for services.

The inventor of bitcoin is Satoshi Nakamoto which was first launched to the internet in 2009.

Bitcoin is not controlled by banks, but is supported by decentralized peer-to-peer technology.

The way bitcoin works is quite unique.

Each bitcoin chip is basically a computer file stored in a digital wallet application on your phone or computer.

Bitcoin owners transact by sending the digital money through the digital wallet.

There are three ways to get bitcoin, namely:

  • Buy bitcoin using money
  • Sell ​​goods and accept payments with bitcoin
  • Mining bitcoin using computer
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The Indonesian government has also officially allowed the trading of digital currencies or cryptocurrencies such as bitcoin.

This is regulated in Commodity Futures Trading Supervisory Agency Regulation Number 7 concerning Stipulation of the List of Crypto Assets that can be Traded in the Physical Crypto Asset Market.

As for one piece of bitcoin can be equivalent to hundreds of millions of rupiah!

What is Bitcoin Mining?

According to Kompas.com, the term mining is closely related to how to get bitcoin.

Mining bitcoin or mining bitcoin is like mining gold.

Launching Kontan, mining can be done with computers and software on a bitcoin mining server.

For mining bitcoin, miners need very powerful computers, large electricity, and super fast internet.

This is because bitcoin mining activities require large computing power.

4 Ways to Mine Bitcoin (Mining Bitcoin)

1. Mining in Pool Mining

How to mine bitcoin is to mine in a mining pool.

Launching Kontan, you simply join forces with other miners in a pool for mining.

Later, you share the rewards for the results obtained from mining the bitcoins.

In this way, first you have to register for a pool or pool.

Furthermore, all miners who are in the same pool agree to share the bitcoin rewards with the other pool members.

2. Cloud Mining

Launching cryptocurrency.id, cloud mining is a bitcoin mining method that does not need to have sophisticated computing tools.

You can use a cloud mining provider service.

For example using genesis mining, hashflare, hashing24, and so on.

The advantage of this approach is that there is no need to have in-depth knowledge of mining hardware.

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In addition, there is no need to buy expensive and unaffordable equipment.

It’s just that, how to mine bitcoin with cloud mining has a high risk.

3. Solo Mining

Solo mining is a way to mine bitcoin solo without the need to share your income with other people.

However, you must provide advanced equipment.

For example, PC, motherboard, graphics card, hard drive, RAM, and so on.

You will also have to provide a large amount of electricity and solve complex mathematical algorithms to generate bitcoins.

Solo mining is usually done by experts so it is not easy for beginners to do.

You can use ASIC (Application Specific Circuit Chips) hardware for mining activities.

You also need to use bitcoin mining software, including Bitcoin miner, BTC miner, easy miner, CG miner, and BFG miner

4. Bitcoin Trading Platform

The way to mine bitcoin is to use a bitcoin trading platform.

This option can be an alternative because you just need to download the application on your cellphone.

A number of bitcoin mining applications include:

  • MinerGate
  • Eobot
  • Crypto Miner
  • Cryptotab
  • Bitzfree
  • AA Miner
  • NeonNeon Miner
  • Droid Miner