How do I mine Bitcoin through a mine pool?

Bitcoin is produced by the miner calculating the optimal hash value, a process that is nicknamed “mining” by image (the process of running a Bitcoin mining program, doing operations to obtain a reward for Bitcoin). This process requires a large amount of computing resources. As things stand, it’s getting harder and harder to find Bitcoin alone, and some people haven’t even dug up any bitcoins for three years on a computer. Of course, you can leave a computing device on, keep doing calculations, and mine. But the problem is that the cost of your computing resources may be much greater than the value of the bitcoins you mine. In this way, collaborative mining through “mine pools” seems to be a more rational option. You can share the bitcoins dug by the “mine pool” with a group of people, then pay a fee to the mine pool, and then distribute it according to how much contribution you contribute. The collaborative mining methods are shared as follows:

1. Get a wallet

You can store your wallet locally or online. Websites such as Coinbase.com are a very simple website for setting up online wallet services without downloading any files. If stored locally, the wallet needs to download about 6GB of data files. If it’s for privacy and security reasons, it’s better to have your wallet locally.

To download your local wallet, you can download it by logging on to the Bitcoin website. Once you create a wallet, you will get a wallet address similar to 1BEkUGADFBrEShQb9Xr4pKPtM8j AyiNQsJ. This address can be used directly to receive Bitcoin.

If you are using an online wallet, in coinbase, the wallet address can be seen on the Linked Account Options page.

2. Join a collective mining site

To collaborate on mining, you have to join a pool that already has a Bitcoin mine. The most famous collective mining sites are Slush’s Pool and BTC Guild. The difference between these collective mining sites is the difference in fees and numbers per mine, for example, slush’s pool, which has a fee of 2 per cent per mine. Usually the charges for large numbers of mining sites are lower.

But there is a problem: you cannot monitor whether the operators of mass mining sites distribute the property fairly. “In theory, I could take all the 25 bitcoins I’ve dug up, but I’m not going to do that, ” says the operator of Slush’s pool. You can choose to believe, or not, but to which collective mining is your free choice. Bitcoin is such a free product. ”

For simplicity, take Slush’s Pool as an example. Start by creating a login account and creating a work process. In the demo of this article, three work processes were created, one intended to be used on iMac and the other two on the old PC.

This process is a bit like a large-scale online game, as long as you join can start.

3. Download the mining program

There are now many mining programs to choose from, and as with some collective lying computing projects, it is faster to use GPUs (graphics cards) to calculate them than with the CPU. Several popular mining procedures are as follows:

1) GUIMiner and 50 Miner, the simplest of The Mining Program under Windows, can be mined using the graphics card.

2) CGMiner, client available to Linux users

3) Diablo Miner, Client under Mac

4. Collecting money

Download the program and do the mining operation, and you’ll get the bitcoins distributed from the collective mining operator.

Although it may seem very easy to mine bitcoins, the process of discovering bitcoins is becoming more and more difficult as more and more bitcoins are mined. There is an online Bitcoin mining possibilities calculation program that can help you understand the difficulty of mining Bitcoin. Have a nice dig.

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