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How to Mine Bitcoins Explained

Trying to know how to mine bitcoins can be a real challenge as most of the information available online is for the advanced user. However, you don’t despair as help is at hand as here you can know how to start mining Bitcoin for investment and profit. That is not all one of the major challenge for starters is who are trying to know about Bitcoin mining is that they are not professional coders and have no experience with Ubuntu, Linux and even little experience with Mac. So, this article caters to individuals or groups who want to get started the easy way.

Even before mining it is important to have a “Bitcoin Wallet” because the bitcoins you mine have to be kept in a safe and secure place. As bitcoins are cryptocurrency Bitcoin Wallets are internet based here is how to get them. For this first of all you have to download the Bitcoin client for your Operating System and Install it. Once that’s done get the block chain either by downloading it or by ordering a copy of the block chain on DVD. Once the client is installed on the system click on the new button to get the new wallet and this bitcoin wallet is nothing other than a long sequence of letters and numbers.

However, in spite of the wallet there can be a situation of system crash or theft when one can lose the precious bitcoins. To avoid this situation it is advisable to keep a printout of the bitcoin wallets details in safe and secure place along with a copy of the wallet.dat file on a thumb drive. Now after these two things are in place one the bitcoin wallet and the client one can start right away start mining. But instead of doing it individually is it is better to do it in a group that combines the computing powers of a group of individuals to make more Bitcoins. For more information on Bitcoins. For more information on bitcoins leave a message in the comment section.

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