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How to mine bitcoin at home with your own hardware or software

01.

Use a mining profitability calculator

Before going any further, use an online mining profitability calculator to work out the likelihood that you’ll be able to make bitcoin mining worth your while.

02.

Choose your mining hardware

Next, compare the features and cost of ASIC mining devices before choosing the one you want to use. Keep in mind that you’ll most likely also need to buy a separate power supply unit to support the hardware.

03.

Join a mining pool

To have a better chance of turning a profit, it’s recommended that you pool your resources with other miners in a mining pool. Compare a variety of pools before selecting one that’s well established and reputable.

04.

Download mining software

There are several programs available designed for bitcoin mining. Some are command line programs while others offer a GUI for increased ease of use. It’s also worth pointing out that some mining pools will offer their own software.

05.

Start mining

Set up a secure wallet for storing your BTC and link it to your mining rig. Make sure you stay abreast of bitcoin price developments and mining difficulty adjustments to ensure that your mining setup remains profitable.

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