How to generate bitcoins on a computer from home?
If you heard about Bitcoin, then you have probably heard about Bitcoin mining. This is the process of turning computing power in real bitcoins. It allows creating bitcoins without the need to purchase them.
Right now, a lot of people say that mining can be conducted from a computer that we have at home, however, for this process, you will need an equipment that costs a lot. Actually, this is not true.
Any computer can be used for Bitcoin mining, no matter you have an old computer or a modern laptop that you keep at home. Recently, there was an experiment when 55-years-old IBM computer was used for mining Bitcoin. The experiment was successful.
However, any time when you start looking at guides how to mine bitcoins, there are always a lot of technical terms such as hash rate or SHA-256 and others that you may not know and they make your life difficult straight away. You will struggle with all those terms until you finally give up on mining Bitcoin.
The good thing is that you can mine bitcoins from home using any computer making it a simple and clear. You will not need much as some services explain. All you need is a computer connected to the Internet. For example, you can use a separate computer for mining to avoid doing many things at one computer at the same time. The process of mining Bitcoin requires a lot of energy and efforts, therefore, it will simply slow down the work of your computer.
First, visit Bitminter.com. Click join on the navigation bar and create an account. Remember your user’s name as long as you will need it for further steps. After click tools, then Bitminter client and choose the latest update. Download the file to your computer because it will allow you to start mining. Once the file is downloaded, move to installation instructions. It does not matter whether you use Windows, Mac, or Linus computer, this program is going to work excellent on any operating system. However, you need to make sure that you have Java. If you still do not have it, the program will remind you that you have to install Java first.
Click engine start and enter your user’s name and here you are – now you can mine bitcoins from your own computer without leaving your house or flat. However, there are a few significant details that you have to keep in mind before you start mining. Please, make sure that your computer is cool. You can do it with the help of a fan or a special cooling device. When mining, your computer works very hard, therefore, it will get hot and can be damaged easily.
You will also notice that if you work on your computer at home, it will work slower and you will not get the number of coins that you would ideally want to receive. You will notice that you cannot cover the electricity bills. If you want to calculate how many bitcoins you can earn on your own computer, just use a special online mining calculator and enter your processing speed. Check the speed at the bottom right side of the Bitminter program.
If you want to increase your income, you always can decide to connect mini dedicated bitcoin miners to your home computer. Current Bitcoin miners are well-known as ASIC. This is a special integrated circuit and is basically a very powerful computer that was created for mining bitcoins only. You can easily find second-hand miners on eBay or just buy a new one online.
You can mine bitcoins at home using any computer even a very old one. However, as we warned you this process will not be very effective because your computer will consume a lot of power, therefore, your electricity bills will be higher. Thus, you will not have a decent profit.