How to Mine Bitcoin at Home: A Guide for New Hobby Miners
While there are lots of beliefs that you need to have a huge, expensive setup to mine Bitcoin at home, that’s not entirely true. While the odds are pretty slim to make money mining bitcoin as a small at-home miner, it provides an excellent way to learn more about bitcoin, and you never know, you could still end up finding a block and receiving that 6.25 BTC block reward. In this guide, you will learn what Bitcoin mining is, how it works. and how you can mine at home. What is Bitcoin Mining? Bitcoin mining is the process through which Bitcoin transactions are processed, new blocks are added to the Bitcoin blockchain, and new units of Bitcoin are introduced into circulation. Mining is a technical process that involves the use of computational power – commonly referred to as hash power – via specialized mining hardware to solve complex calculations. Bitcoin miners contribute extensive hash power and compete against each other t...