Bitcoin mining involves specialized hardware that are use to solve the complex mathematical problems, if you solve the equations then your transaction gets validated by network and creates a new bitcoin. Here are some basic steps required to mine bitcoin
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Get a Bitcoin Wallet
Several digital wallets are available in the market to buy and sell Bitcoin and other cryptocurrencies
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Obtain Mining Hardware
Specialized hardwares are required to mine bitcoin, hardware such as Application Specific Integrated Circuit (ASIC) and Graphics Processing Units (GPU). These are the powerful hardware designed to mine bitcoin. These hardwares are bit costly. I f you want to buy hardware in lower range then other hardwares are available which are not that costly, but mining with these hardware can be slower than ASIC or GPU.
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Join a Mining Pool
Bitcoin mining is bit difficult as complex maths problem need to be solved also it is time consuming, if you are a individual miner then you can join mining pool. Mining pool is the group of miners, who come together and combine their computing power to solve the block. These mining pool increase the chance of solving rewards but rewards are shared among all the miners present in the morning pool
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Install Mining Software
Once you have setup your hardware and mining pool, after that you will need to install software to connect to the pool and start mining. There are many different softwares available in the market depending on hardware and operating system.
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Start Mining Bitcoin
After setting up all above points, you are ready start Bitcoin mining. The software will automatically connect to the pool and start solving the blocks. As a miner you will earn portion of block rewards as you have put your efforts to solve that block.
Mining bitcoin is a costly process and might not be profitable for everyone, remember the point, it Difficulty of mining increase then rewards for solving the block also decreased over the time.
If you cannot affort to mine Bitcoin with this process them you can also buy bitcoins from various cryptocurrency exchange platform such as Coinbase etc
