One of the biggest problems when someone is trying to know how to mine bitcoins is to find the right place with the information as there are very few places with the right information. Also, most of the places that do have any information regarding investment and profit are written for the advanced user. As most of the people trying to know about Bitcoin mining are not professional coders and have no experience with Ubuntu, Linux and little experience with Mac. So, this article is to help all the individuals and groups that want to get started the easy way.
To start with get a “Bitcoin Wallet” which is a secure way to keep this cryptocurrency. As these Bitcoins are an internet based currency these wallets are the place where you can keep them.For this you can either download the Bitcoin client for your Operating System and Install it and get your block chain other wise you can order a copy of the blockchain on DVD to keep from going over as it is growing exponentially.Once the client is updated, click on the “New” button to get your wallet address which is a long sequence of letters and numbers.
To avoid loss later it is advisable to keep a copy of the wallet.dat file on a thumb drive and print a copy out and keep it in a safe location. This is very important to avoid loss if you computer crashes or someone steals your PC. Once you have the wallet and the client join a pool. A pool is a group that combines their computing power to make more Bitcoins.
It is a safer alternative then doing the mining alone as Bitcoins are awarded in blocks, usually 50 at a time, and very rarely one manages to find the bitcoins however in a pool the chances are stronger of getting the bitcoins as you are given smaller and easier algorithms to solve and all of your combined work will make you more likely to solve the bigger algorithm and earn Bitcoins. We hope you found this article helpful for more information leave a message in comment section.