Using Bitcoins and becoming a millionaire is not learned overnight. Not only must you have enough time, money and cheap electricity to achieve it, but it is also important to learn the whole procedure of how to mine Bitcoins and thus achieve the fortune you have so desired.
When Bitcoin made its appearance in 2009, the process to mine or mine the world's first cryptocurrency needed little more than a home computer, and it didn't even have to be very fast or modern. Currently, the entry point for the world of cryptocurrencies is much larger and more complicated if you want to make a profit, although that does not mean that it is impossible.
There are several ways you can follow if you are interested in knowing how to mine Bitcoin. Some involve more risk and monetary investment than others, but the potential rewards are greater. In addition, you should bear in mind that nothing is guaranteed and, like any investment, it also has its risks, so be sure to inform yourself before starting your venture or making any important decision. This is what you should know.
Mining vs. investment
Before we discuss how to mine or mine Bitcoins for yourself, it is important to note that while there is uncertainty in everything related to cryptocurrencies, mining is probably the most volatile decision. Fluctuations in hardware prices, changes in the difficulty of mining Bitcoin, and even the lack of a payment guarantee at the end of your hard work make it a riskier investment than even buying Bitcoin directly.
With the volatility of the market and the proverbial bubble that burst a few months ago, currently nobody can say if Bitcoin will be worth more tomorrow than it is worth today, nor give any concrete answer on whether you will receive a return on your investment, but buy Bitcoin directly at least put something in your possession immediately. It is worth considering before deciding on the production route. But if you decided to do it, here are the steps you should follow.
STEP 1: CHOOSE YOUR MINING COMPANY
hashflare cloud mining and bitcoin regulation
Cloud mining is the practice of renting mining hardware, and having someone else do the work for you. Generally, you get paid for your Bitcoin investment, even if the hardware is not used to mine this cryptocurrency. As with any general investment, it is important to investigate, because even companies that claim to be the best have multiple detractors and complaints from previous investors.
We mentioned two options to you: Genesis Mining is arguably the largest and most reputable of the group, and HashFlare told Digital Trends in an interview that each of its clients has made a profit using its services. But if none of those companies strikes you as attractive, CryptoCompare maintains a list of Bitcoin mining companies with user reviews and ratings.
STEP 2: CHOOSE A MINING PACKAGE
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Once you have chosen a cloud mining company and registered, you must choose a mining package. That will typically involve choosing a certain amount of power, and combining it with how much you can afford. In general, paying more should give you a better return or a faster profit, although that is not always the case.
Most cloud mining companies will help you decide by providing a calculation based on Bitcoin's current market value, Bitcoin's mining difficulty, and cross-references to the power you're renting. However, it's important to note that those numbers can change, so it's important to look at market trends and estimate where Bitcoin will go before choosing your contract. What may be profitable now may not be if the value of Bitcoin is going down.
Some cloud mining companies will sell you a contract on a "presale" basis. As the name implies, that means paying in advance for a contract that won't start for weeks - or months - when new hardware is available. In most circumstances that is not advisable, because there is no way to guarantee that those contracts are profitable when they start and there is not even a concrete indication of when it will happen.
STEP 3: CHOOSE A MINING GROUP
how to mine Bitcoins
After choosing your contract, most companies will ask you to choose a mining pool. This is where you must choose a global mining team to join it.
It is a method of increasing the chances of earning Bitcoin through mining, and it is standard practice in personal and cloud mining. There are pros and cons of different groups that are beyond the scope of this article, but joining an established and proven group at low rates is likely to be your best option.
STEP 4: SELECT A DIGITAL WALLET
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Once you have completed that last step, your cloud mining has started. In a few days or weeks, if all goes well, you should start to see your account start to fill up with Bitcoin. At this point, it is advised that cryptocurrencies be removed from the cloud and deposited into a secure wallet. However, some cloud mining companies will allow you to reinvest your profits to obtain greater dispersion power. Alternatively, you can sell your Bitcoins, exchange them for another cryptocurrency, or make another type of investment. It totally depends on you.
What if I want to mine Bitcoin with my own hardware?
Due to the high costs involved, mining Bitcoin on your own is only recommended if you have quick access to cheap and abundant electricity, and a powerful network connection. But before investing in any hardware or mining setup, it is imperative that you use a Bitcoin mining calculator at all costs, to see if you can really make a profit.
If that is your case, you will have to choose the right ASIC miner to do it. While Bitmain's Antminer S9i and S9j miners are some of the most praised, there's also a lot of new competition worth considering. The OMG B3 miner was considered the most efficient in September 2018. The Innosilicon T2 Turbo is in second place, and it is significantly cheaper.
Follow the tips to download the right software and choose the right mining pool, but once this is done, start everything and start mining cryptocurrencies. Just make sure you keep checking the Bitcoin calculator regularly to make sure it's still a profitable experience.
If that is your case, you will have to choose the right ASIC miner to do it. While Bitmain's Antminer S9i and S9j miners are some of the most praised, there's also a lot of new competition worth considering. The OMG B3 miner was considered the most efficient in September 2018. The Innosilicon T2 Turbo is in second place, and it is significantly cheaper.
Follow the tips to download the right software and choose the right mining pool, but once this is done, start everything and start mining cryptocurrencies. Just make sure you keep checking the Bitcoin calculator regularly to make sure it's still a profitable experience.
Bitcoinnota 1 (symbol: BitcoinSign.svg; code: BTC, XBT) 3 is a protocol, open source project, and peer-to-peer network that is used as a cryptocurrency, payment system4, and merchandise.5 note 2 I don't know
It was conceived in 2008,6 by an entity known under the pseudonym Satoshi Nakamoto, whose specific identity is unknown. Satoshi worked on the source code of the reference application7 together with other volunteer developers8 until December 2010, at which time he decided to end his public activity.
Its traditional unit of account is called «bitcoin» (plural bitcoins or bitcoins), note 1 and it is used to record and transfer value, which is why it is classified as a digital currency.9. Each "bitcoin" is made up of 100 million "satoshis" which is the minimum unit of account.
It implements "blockchain" technology, which is often described as a distributed, tamper-proof, digital ledger that permanently and verifiably reflects the history of all transactions. It is characterized by being a decentralized system, not backed or controlled by any government or central bank 10 11 and its transactions do not need centralized intermediaries.
It uses a proof-of-work system to prevent double spending and counterfeiting (so that the same bitcoin is not spent several times or coined arbitrarily) and reach consensus among the nodes that make up the network through the exchange and verification of information thus solving the problem of Byzantine generals.12
Micropayment processing through Lightning Network or time stamping through OpenTimestamps are relevant applications of Bitcoin to solve problems in various fields of business.
There are two fundamental types of users: those who speculate with their price and cause their value in the markets to have great volatility, and those called "hodlers", those who consider that bitcoin will replace gold as a store of value based on its properties. digital, its immutability and scarcity. Although some economists claim that its real value is zero, that it is a bubble and / or that it shows signs of having exceeded the thresholds that would lead it to collapse, 13 14, not all agree with that opinion.
Economía[editar]
Los intercambios entre Bitcoin y moneda local suelen llevarse a cabo a través de plataformas en línea, encuentros presenciales 18 y cajeros automáticos especializados.19202122También existen una gran diversidad de plataformas que facilitan el intercambio de Bitcoin por otras criptomonedas, incluyendo monedas de precio estable denominadas «stablecoins».
Normalmente para poder hacer transacciones con bitcoins se suelen utilizar bien aplicaciones nativas, generalmente llamadas «carteras», o plataformas, aunque también existen otros soportes de almacenamiento como carteras de hardware entre las que destacan los fabricados por las empresas Trezor, Ledger y otros, paperwallets (impresas o en forma de OpenDime o monedas Casascius) 23 etc.
En la actualidad una cantidad considerable de empresas y pequeños negocios aceptan bitcoins como medio de pago 24 para servicios de todo tipo. Su alcance internacional y el hecho de que los usuarios pueden comerciar de forma seudoanónima ha permitido que se abra paso en sectores cada vez más regulados, como apuestas en línea y partidas de póker.25
Multinacionales como Microsoft,26 Dell,27 Time Inc.28 y Dish Network29 permiten el pago con bitcoins, así como Virgin Galactic3031 y Reddit,32 entre otros.
Existen complementos para la mayor parte de las plataformas de comercio electrónico, como WordPress, Drupal, entre otras, que facilitan su uso como medio de pago.33
Legalidad[editar]
La legalidad del uso de Bitcoin y servicios relacionados a dicha moneda pueden variar dependiendo de la legislación de cada país, provincia, municipio, entre otras entidades administrativas, pudiendo ser legal e ilegal dependiendo de si se han realizado decretos al respecto, o como consecuencia de la decisión expresa de reconocer o tratarlo como divisa, valor, mercancía, etc, por alguna entidad reguladora con jurisdicción en alguna de esas materias. Por lo general, cuando no existe un marco regulador, se asume su alegalidad (estatus de «no regulado») en función del principio de legalidad del Derecho, el cual señala que solo pueden castigarse las conductas expresamente descritas como delitos en una ley anterior a la comisión de la acción, lo que dicho de otro modo, establece que está permitido todo aquello que no está expresamente prohibido por la ley.
Historia[editar]
Lanzamiento[editar]
El 1 de noviembre de 2008 un mensaje es enviado a la lista de correo sobre criptografía de metzdowd.com firmado con el alias Satoshi Nakamoto y titulado «Bitcoin P2P e-cash paper». 343536
En este mensaje se describe «un nuevo sistema de efectivo electrónico» llamado Bitcoin «que es totalmente peer-to-peer y que no está basado en terceros de confianza», además, se hace referencia a un documento técnico titulado «Bitcoin: un sistema de efectivo electrónico peer-to-peer», el cual estaba y permanece disponible en la dirección web http://www.bitcoin.org/bitcoin.pdf, y en el que se explicaba el funcionamiento del protocolo propuesto. 37383940
El 3 de enero de 2009 entra en funcionamiento la primera red peer-to-peer basada en dicho protocolo (también bajo el nombre de «Bitcoin») luego de la puesta en marcha del primer software de código abierto para correr nodos de la moneda, lo cual supuso también la creación de los primeros bitcoins y el inicio de la minería de la misma. El primer bloque de bitcoin, conocido como el bloque de génesis, es minado por el propio Satoshi Nakamoto. 41
El 9 de enero de 2009 se lanza el primer cliente de software de código abierto para correr nodos de la moneda a través de la plataforma SourceForge. 404243
Acontecimientos notables[editar]
Entre los años 2010 y 2011 comenzaron a surgir plataformas de intercambio que facilitaban la compraventa de bitcoines con dinero local a través de transferencias bancarias. A estas le siguieron las pasarelas de pago que ofrecían a los comerciantes la posibilidad de aceptar pagos con bitcoins cobrando el importe de las ventas en moneda local directamente en sus cuentas bancarias.
En 2011 organizaciones como la Electronic Frontier Foundation 45, Internet Archive 46, Freenet, 47 la Free Software Foundation, 4849 comienzan a aceptar donaciones en bitcoins.
El 14 de junio de 2011 Wikileaks 50 también comienza a aceptar donaciones bitcoins tras el bloqueo orquestado por los procesadores de pago electrónico Visa, MasterCard y PayPal.
En octubre de 2013, el precio de la moneda cayó más de un 25% tras al cierre de Silk Road (un mercado negro en línea en el que se podían comerciar drogas ilegales con bitcoins) por parte del FBI.51
El 27 de noviembre de 2013, Bitcoin superó por primera vez el umbral de los 1.000 dólares, lo que supuso un incremento de 4.000% de su precio desde inicios de año. 52
En 2014 la Fundación Wikimedia 53 y la Fundación Mozilla 54 comienzan a aceptar donaciones en bitcoins.
El 20 de junio de 2017, el estándar Unicode añadió el punto de código
U+20BF como representación del símbolo de bitcoin. 55
Según CoinMarketCap, a 16 de febrero de 2020, el precio de 1 BTC rondaba los 9.934 dólares estadounidenses y ya han sido acuñados alrededor de 18.221.237 BTC de los 21 millones totales.
