How to Mine Bitcoins and Make Money – Step by step Guide
Bitcoin mining plays 2 major roles in maintaining Bitcoin Network:
- Confirming/Validating Bitcoin Transactions
- Issuing New Bitcoins to Miners Who employ their computing resources to this process.
We have already covered a detailed guide on “Bitcoin Mining”, You can check it here – How Does Bitcoin Mining Work. In this post, we will explain the step by step process to start Bitcoin Mining and earn money.
In the beginning, the only people who would mine Bitcoin were coders who were interested in cryptography or were just trying to expand the blockchain. However, as the price of bitcoins rose further and further, people started seeing it as a legitimate investment and went to the lengths of buying warehouses and server farms to mine bitcoins properly.