Hardware for Bitcoin mining
To understand the topic of hardware for Bitcoin mining, you first need to understand what is Bitcoin mining.
Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain, and also the means through which new Bitcoin are released. Is Bitcoin mining profitable, though? It depends on how much effort is being put into mining across the network. Bitcoin mining profitability is on the decline, in total, as mining is getting more expensive.
Understanding how to mine Bitcoin starts with knowing that it is not free money. You also have to know how to choose hardware for Bitcoin mining, and what kind of Bitcoin mining software you need. You need to do your research and base your choices on what works best for you. You can figure out how much you can gain by using a Bitcoin mining calculator; many are available online.
Since it’s almost impossible to mine Bitcoin with your home computer, you will probably need specialized hardware called ASICs (Application Specific Integrated Circuits). Originally, Bitcoin’s creator Satoshi Nakamoto intended for Bitcoin to be mined on CPUs (your laptop or desktop computer). However, Bitcoin miners discovered they could get more power from graphic cards. Graphic cards were then surpassed by ASICs.
ASICs can get very expensive, however. If you’d rather not buy them or not mine Bitcoin by yourself for any reason, read our guide on mining Bitcoin. It will answer questions such as what is a Bitcoin mining pool or what is cloud Bitcoin mining.