Create an official Bitcoin wallet. Bitcoin wallet address – where to get it, how to create it, find out the Bitcoin Address and receive cryptocurrency to it. Registration through the official client

It can be difficult to choose and create the best Bitcoin wallet that is still available in Russian.

Is not it?

Right now you can get acquainted with all the information about the address, entrance and...

How to open one of the most technologically advanced, reliable, untraceable payment systems on the Internet by reading my review below:

It relies on the capitalist law of supply and demand and is open source software to ensure consistency.

Bitcoin launched in 2009 year, is one of the most popular payment methods.

Now the interesting part:

Unlike standard electronic currency such as Advcash, Payeer, Perfect Money, etc., The Bitcoin system has no controls, accordingly, instability is minimal.

The total number of bitcoins is limited 21 million , this is programmed and known to all participants.

Since the system is based on the principle of a limited total number of coins, the currency is subject to a deflationary process.

This predictable deflation encourages the use of accumulated coins for speculation.

This should be taken into account when you are going to exchange bitcoins for the US dollar or any other national currency.

Bitcoin wallet fees

High cryptographic security allows transactions to be processed in a very efficient and inexpensive way.

Note:

You can make and receive payments through the e-currency network without any fees.

In most cases, the fee is not strictly required, but is recommended for faster transaction confirmation.

International bank transfers take anywhere from a few days to more than a week, while Bitcoin transactions typically take confirmed within an hour.

This is the only one on 100% irreversible payment method.

For this reason, be careful when sending cue balls; make sure you transfer them to a trusted supplier.

All financial and technical data related to the network can be found in the electronic currency charts.

Deposit and withdrawal methods

Ways to top up your wallet:

coinbase ( wallet with the ability to buy or sell),

Various exchanges,

International bank transfer,

Other electronic currencies,

Bitcoin debit cards,

Electronic currency POS terminals,

Removal methods:

• Exchangers,

  Bank transfer,

  Visa/MasterCard cards,

  Other payment systems,

  BTC debit cards,

  Specialized ATMs.

Pros of the system:

• There are no third party participants in the system,
• Zero or low commissions,
• Fast international payments,
• There is no risk of “refunds” from your wallet,
• Updating transparency
• Account security is at a high level,
• Fraud protection.

Minuses:

• Not widely distributed
• The fluctuating value of Bitcoin,
• Built-in deflation.

1. Blockchain.info (can be created in Russian)

The most popular Bitcoin wallet today is available in Russian.

Allows you to send and receive coins through your browser or mobile phone.

He's kind of a hybrid- this means that the account is stored on the server, but no one except you has access to the private keys.

However, since the address is loaded from servers, some trust in the company is still necessary.

• Required to trust third parties
• It is difficult to make completely anonymous payments.

Today's leading exchange service for buying and selling Bitcoin.

It was founded in 2012 year and since then received more $31 million in the form of venture financing.

The exchange service is available in 19 countries of the world.

The system is beginner-friendly, but the fact that the company holds people's funds can be a bit risky.

It is worth saying that Coinbase recently launched its service Vault, which deprives the company of control over your money.

Pros:

• Friendly for beginners, it is possible to add funds from your wallet.
• An old and respected company.

Minuses:

• The company controls your funds (depending on whether you use Vault).
• Not supported worldwide (yet).

- relatively new wallet (launched in July 2016 year), allowing you to store not only bitcoins, but also Litecoins, Dogecoins, Dash and Ether.

It is unique in its beautiful design and intuitive user interface.

You can trade cryptocurrencies from your account.

Currently Exodus is only available in the desktop version.

Pros:

• Easy to use,
• Allows you to trade cryptocurrency from the interface,
• Excellent support from the creators,
• Self hosted (data is stored with you).

Minuses:

• Limited to PC version only for now,
• Relatively new company.

4. Jaxx (Bitcoin and Altcoin)

Jaxx is a platform that brings Bitcoin and all Altcoins into one wallet.

It allows you to store cryptocurrency and exchange it within the system (via ShapeShift).

The site is extremely intuitive, all data is stored on your computer (self hosted), which means you do not need to trust private keys to third parties.

Pros:

• Easy to use,
• Allows you to trade inside the interface,
• Self-service hosting,
• Great support
• Works on multiple platforms.

Minuses:

• Relatively new company
• Some users are reporting problems on Linux

- a popular wallet for mobile devices on iOS And Android, with rich, advanced privacy and security features.

Yes, it may be a little difficult for beginners, but it is still one of the most safe and fast On the market.

Since the software is open source, MyCelium is constantly updated.

MyCelium is, first of all, hot wallet, however, it has some data storage functions inherent in the cold representatives of this field.

Pros:

• Advanced privacy features make this app great for people who want to remain anonymous.
• Enhanced security features will help keep Bitcoin safe.

Minuses:

• There is no desktop or web interface, so you will have to use a smartphone to access the application.
• MyCelium is better suited for more advanced users.

6. Bitcoin Core (registration in Russian)

Looking for a desktop storage solution?

If so, (also known as Bitcoin QT) is worth a look and has a Russian language.

It offers many security, privacy features and supports full transparency.

The platform has a reputation for being stable, although it can use a lot of memory and space on your computer.

However, for modern PCs the hardware requirements are quite low.

Pros:

• Supports many security and privacy features,
• Offers a very stable system.

Minuses:

• There are no mobile applications for IOS and Android,
• There is no web interface, which makes it difficult to use the wallet without a personal computer,
• A large amount of free space is required to store Blockchain information.

A fast and lightweight desktop application that you can download.

A good choice for those who use older and less powerful computers for their Bitcoin storage.

Remote servers handle most of the processing parts of the wallet.

Works well with its advanced data protection features.

Users can even restore access to their account using a secret phrase, although some people do not like that most of the information is stored on remote servers.

Pros:

• Although many applications are CPU-intensive, Electrum is renowned for being fast and lightweight.

Minuses:

• Unfriendly to newbies
• Dependency on external servers can pose a security risk.

8. Armory

Amory is a well-known and trusted brand when it comes to Bitcoin security.

The app is better suited for more advanced users.

It emphasizes reliability and security in its list of many encryption and cold data storage options.

Pros:

• Flexibility and adaptability to any situation,
• Offers leading security features.

Minuses:

• Normal use requires the knowledge of advanced PC users.

9. Xapo

Xapo is a web wallet, so you can only access it through a web browser (you can’t download it) with an Internet connection.

Xapo is known to have advanced data security features.

The company supports debit card payments, making it easy to spend your bitcoins.

The application is friendly, so if this is your first time dealing with cue ball, be sure to take a closer look at this system.

Pros:

• Xapo debit cards allow you to use ATMs to withdraw cash.

Minuses:

• This is a web wallet so there are additional security risks.
• There is no way to manage bitcoin without an Internet connection.

User favorite Green Adess allows you to access your Bitcoins through various methods:

• Through the Internet,
• Mobile application IOS and Android,
• Via the desktop client.

What's even better is that Green Address is very easy to use.

This makes it one of the most flexible wallets out there.

It supports multi-signature functions and has strong information security features.

Pros:

• Very flexible and easy to use, making it the best choice for beginners.

Minuses:

• Requires the use of a remote application downloaded from another location.
• Overall control of your money (meaning a third party must approve payments).

Known to be fast and relatively easy to use.

The company rejects the idea of ​​"total trust", which means it won't provide a decentralized system that offers people great control over their money.

High transparency, as well as impressive security features, make this program very reliable.

Pros:

• Well known brand,
• The fast operating environment makes this wallet a good choice, although beginners won't have a problem hanging up the system.

Minuses:

• Access is online only and a phone number is required. Android or Blackberry.

12. BitGo

BitGo is known for its high levels of security and is a multi-signature wallet.

This means that each transaction will require two-factor identification, which can greatly help protect your wealth from malware, hackers and server attacks.

Oh, and the keys are stored by users, not BitGo, so they don't have access to their personal account.

Pros:

• High level of security in a relatively simple and non-technical package.

Minuses:

• Two-factor authentication can pose a problem
• The service relies heavily on central verification.

is a decentralized, secure and well-supported Bitcoin wallet.

The promising concept about this is that neither Airbitz nor any other third party can access Bitcoin, so it is completely independent.

The best part is that it also provides locations around you that accept Bitcoin.

Also, many ideas have been introduced into the user interface to make the system as easy to use as possible.

Pros:

• Newbie friendly
• Business directory,
• Decentralized.

Minuses:

• Unpublished brand
• No web interface (mobile devices only).

14.Copay

One of the best wallets. Created by the company Bitpay.

Copay is multi-segment, which means that one wallet can have multiple users.

This can be ideally used for a corporate account.

Where, for example, transaction confirmation will be required, 2 of 3 signatures.

Copay has a desktop version (can be downloaded), mobile and web interface.

It is also completely independent and open source.

Pros:

• Multisig - allows you to improve security,
• Great design
• Supports multiple devices.

Minuses:

• No support
• Can be a little overwhelming for newbies.

is a block explorer owned by Bitmain.

The site offers several tools:

• Network statistics,
• Mining pool,
• Online wallet.

The platform is similar to Blockchain.info and is a hybrid HD wallet.

This means that it can be accessed over the Internet, but the private keys are stored on your home computer, so BTC.com cannot take them.

Transactions are signed on your device so that no one can see the keys.

BTC.com also provides Multisig capabilities and is open source.

Pros:

• Wide range of functions,
• Intuitive interface
• Open source.

Minuses:

• A hot wallet controlled by Bitmain, with a volatile reputation in the community.

- mobile wallet available only for Android.

Contains Bitcoin and many additional cryptocurrencies (supports up to 287 altcoins).

Quite a simple and user-friendly interface.

The main problem is that it launched as open source, but with 2016 year, the code became closed, which raised many questions in the community.

Pros:

• Wide variety of coins supported,
• Intuitive interface.

Minuses:

• Closed code
• Android only.

At the initial stages, anyone could mine bitcoins, using only the computing power of the processor of a desktop PC. But the network consensus includes a mechanism that prevents inflation of the value of coins, which implies a gradual increase in the difficulty of their production. In modern reality, getting the coveted Bitcoin is not so easy, but it is possible, exactly until the last coin of the 21 million maximum issue is released.

How to start mining bitcoins at home

Before we start looking at mining methods, we should understand what it means to mine Bitcoins. Mining (from the English mine - mining) is the process of maintaining the operation of the network by verifying the transaction and adding new blocks to the blockchain. The miner’s task is to select the correct solution for the hash function by randomly searching through combinations and sign the block, thereby completing all unconfirmed transactions. The miner who finds the signature first receives a reward in the form of the moment just released for him. Today it is 12.5 BTC.

The process of mathematical calculations itself is quite complex, since the selected combination must be a hash of all previous transaction blocks already included in the blockchain chain, but for miners it actually comes down to selecting, connecting and configuring computer equipment, which will select the desired combination for signing the block.

To summarize, in order to start mining bitcoins, a miner should acquire computing power and join the process of generating new blocks in the network.

For beginners and those who do not want to buy noisy equipment for home, cloud mining will be the optimal, easy and profitable mining method. This method has a lower entry threshold and allows you to mine Bitcoin and other cryptocurrencies without much effort.

Is it profitable to mine Bitcoins in 2020?

The creator of Bitcoin, Satoshi Nakamoto, put several algorithms into the network consensus that prevent inflation, which also affect the profitability of coin mining. The internal algorithm for the functioning of Bitcoin provides for:

• maximum issue of 21 million coins;
• regular review of network complexity;
• Reward halving every 210,000 blocks.

The next halving of the block reward awaits miners around May 2020, while, as practice shows, by this time the value of the coin should cover the costs of its mining, taking into account the decrease in reward.

Also, the miner must take into account the consumable part, namely the cost of electricity and computing equipment. Bitcoin belongs to the category of cryptocurrencies, the mining of which requires significant power. It operates on the PoW algorithm, which assumes that miners with the greatest computing power have the greatest chance of finding a signature for a block. It is also possible that a miner with little power can find the answer to a block, but in modern reality this is more of a happy accident, similar to finding a treasure, than a pattern and the possibility of stable income.

Today, mining Bitcoin (BTC) at home is not profitable due to the dominance of huge mining farms the size of a factory in the market, however, miners continue to receive a stable profit from mining. How?

Everything is very simple. Mining has moved from the “do-it-yourself” category to the category of services with the advent of “cloud” capacity rental on the market, the so-called cloud mining. Miners simply rent part of those same farm-factories, usually in the form of a contract for 12 months, and begin to receive income on the money invested the very next day.

For 2020, the most reliable cloud mining service provider is IQ Mining (you can read the detailed review that we did after personally checking this company using the link).

Types of mining

Mining is classified according to the equipment used and the mining method. It can be divided into three main categories:

• Solo mining is the search for the correct signature for a block using the computing power exclusively of your own equipment. In this case, when the block is closed, the miner receives the entire reward.
• Collective mining - to increase the probability of finding a block, miners combine the power of their equipment in a common mining pool, with the reward being divided proportionally between all participants.
• is carried out remotely, on equipment rented from a special service, and the mined funds are accrued minus the commission for the operation of the service.

Technically, any equipment with computing power can be used for mining, but not all methods are cost-effective given the current complexity of the Bitcoin network.

How to mine Bitcoin on your computer

Once upon a time, bitcoins were mined on a PC, and on a modest model with low power it was possible to mine even several thousand coins per day. It should be noted that 1 bitcoin then cost less than one dollar. Now, when one bitcoin costs several thousand dollars, the complexity of the network is so great that using only the power of one PC, the probability of finding the correct signature for a block tends to zero.

It is important to understand that mining gradually wears out the equipment and, in addition to the fact that there is practically no chance of mining at least one block and receiving a reward, mining on a personal computer will also be unprofitable, since you will need to pay an electricity bill and possibly purchase a new PC. To avoid thoughtless expenses, it is recommended to leave this method in the past.

A common mining method is mining on video cards. In this case, we mean creating a farm of several GPUs connected into a single structure. Profitability depends on the number and power of all GPUs.

A farm of video cards can either be joined to a collective pool or mine cryptocurrencies in solo mode. To mine Bitcoin, it is still recommended to connect to a pool, since it is the most popular cryptocurrency and the complexity of its network is appropriate. With collective mining, the network sees all the miners’ power as a whole, which significantly increases the chances of finding a block. In this case, it does not matter at all on which equipment connected to the pool the correct signature will be found. The reward for finding a block will be divided among all miners participating in the mining, in proportion to the connected capacity.

This method allows you to achieve a stable income, but you will need financial investments to start. In particular, the future miner will need to purchase several powerful video cards, usually from 6 to 8 pieces, and assemble a farm based on them.

Ideal for beginners to mine Bitcoin and other cryptocurrencies. A novice miner does not need to assemble a farm or understand the various intricacies and setup of equipment. All processes are taken over by the services, and the miner can only choose the terms of service and conclude an online mining agreement.

It is also worth noting that cloud mining services allow you to start mining with minimal financial investments and offer virtually passive income.

Another advantage of cooperation with such services is production optimization. Professional services have the latest equipment, the operation of which is monitored by specialists around the clock; in addition, many data centers are located in regions with low electricity costs, which allows for maximum profit.

Now there are many offers on the market for cloud mining of Bitcoin, but the undisputed leader in this industry is IQ Mining. The service mines the most profitable altcoins, which are automatically exchanged for Bitcoin at the best rate. Thus, you receive Bitcoin in your wallet, purchased thanks to the mining of much more profitable coins. This is much more profitable than mining Bitcoin itself, the complexity of which is constantly growing.

The cost of contracts in IQ Mining is on average 30% cheaper than in other cloud mining services due to favorable conditions for working with data centers. In addition to the many advantages of the service, an important feature is the absence of commissions for input and output and the ability to receive a payment within an hour after purchasing a contract for one of 18 payment systems. This is by far the best way to make your cryptocurrency work. In addition, the service’s website regularly hosts promotions, discounts and drawings for valuable prizes. Do not miss!

Bitcoin mining on a laptop

The power of even a top-end laptop model is not enough to produce the amount of coins that can cover the cost of purchasing new equipment and electricity. In addition, the laptop cooling system is not designed for constant high loads, which will lead to rapid failure of the equipment.

Mining Bitcoin on Android

Now you can find many applications that offer to download bitcoins directly to your smartphone. Technically this is possible, since any smartphone has computing power that can be used for mining, but it will not be enough to mine at least a certain part of Bitcoin, but the process may well lead to the failure of the smartphone. In addition, such programs may hide malicious files.

On a personal computer, laptop or smartphone, you can consider options for mining little-known coins, which in the future can increase in price and bring profit, but in order to mine bitcoins yourself you need high-power equipment.

The most promising mining methods

Today, the most relevant way to mine Bitcoin is mining on devices specially designed for these purposes - ASIC miners. ASICS are mining devices assembled from microchips and equipped with powerful fans. This is professional stand-alone equipment that can be launched with minimal setup, and can be installed at home, but preferably in a separate room.

The cost of ASIC miners varies between $1000 and pays off in an average of 5-6 months of mining, after which it begins to generate a stable income.

An equally popular and effective method is mining Bitcoin on a video card farm. The cost of assembling a mining rig will cost approximately the same as an ASIC.

You can enter mining with a smaller starting capital only by concluding a contract with one of the cloud services. The minimum contract price varies between $100 per year.

How much can you earn

The profitability of mining depends on many factors:

• network complexity;
• cryptocurrency value;
• energy consumption of equipment;
• the cost of electricity in the region where mining is carried out.

When mining Bitcoin, where the greatest profit is received by the miner who managed to offer the largest number of combinations, the profitability of mining directly depends on the power of the equipment.

On average, equipment pays for itself within 5-6 months of active mining, and after that it begins to generate net income, but it should be taken into account that over time, any equipment tends to wear out, and the complexity of the network is constantly growing. Therefore, the farm must undergo constant upgrades with increasing capacity.

For beginners, the recommended mining method is cloud mining. Its profitability depends on the purchased capacity. Most cloud mining services are equipped with online profitability calculators that calculate the profitability of mining per contract per day, month or year, taking into account the current complexity and cost of cryptocurrencies.

Advantages and disadvantages of home mining

Advantages:

• the opportunity to mine Bitcoin yourself and organize a stable passive income without leaving home;
• minimum time investment required;
• According to experts, Bitcoin will continue to grow;
• Anyone can engage in mining, regardless of gender, country of residence, level of education and specialty;
• It is possible to start mining cryptocurrencies with minimal investment using cloud services.

Flaws:

• mining is impossible without investments;
• instability of the exchange rate and complexity of the network, which makes it difficult to calculate the exact profit from mining;
• the miner must be able to quickly respond to changing market trends;
• high noise level from equipment operation;
• Basic knowledge of cryptocurrencies and technology is required.

conclusions

1. Mining is one of the main ways to make a profit from cryptocurrencies.
2. Mining Bitcoin and other top cryptocurrencies requires high computing power. Compared to the period of the birth of the cryptocurrency industry, when Bitcoin mining was as easy as possible, now it is a rather labor-intensive process that requires taking into account many parameters, purchasing and setting up special equipment, and calculating all costs for cooling and electricity.
3. For beginners and those who want to simplify the process, we recommend cloud contracts from IQ Mining. Their cost starts from $37 per year, in addition, you can often get discounts.
4. Advanced miners can try mining on video cards and ASICs. Organizing production in this case will require significant financial investments. In addition, this method of earning money is associated with the risks of a fall in exchange rate and a decrease in activity in the crypto market. But the earnings can significantly recoup the investment.

Bitcoin Wallet Blockchain is a new generation digital currency that has a number of significant advantages over all previously existing solutions. Nevertheless, many interested and simply curious users were unable to figure out how to create a Bitcoin address: requests like “create a Bitcoin wallet registration” have not lost their relevance. But you still need to create an account, because before you open a Bitcoin wallet (Russian), you may simply not know about all the capabilities of the system.

In the winter of 2020, the cost of one Bitcoin in relation to the 2017 maximum is approximately 2 times lower - this shows how high the volatility is in cryptocurrencies. In a number of countries, it has already been accepted as legal tender, equivalent to the national currency: in Western Europe, North and South America, as well as in East Asia, almost everyone has their own Bitcoin account. With its help, you can perform both traditional operations and a number of previously inaccessible ones. While maintaining the benefits of regular money, registering with a Bitcoin wallet increases your capabilities and gives you great freedom.

Which registration method should I choose?

Over almost a decade of its existence, it has acquired a large number of clients, services, etc. The most popular has become the bitcoin btc wallet, registration of which is one of the most common problems on the network. You can open your Bitcoin wallet (blockchain account) from a mobile device, tablet, or using any computer.

In addition to increasing the number of ways to spend your electronic money, this gives you a lot of variety in creating a bitcoin wallet. Registration can be done from various devices using several methods. By the beginning of 2020, three main options for how to open a Bitcoin wallet in Russian remain relevant. Let's look at their advantages and disadvantages and try to understand how to open a Bitcoin wallet in Russian as quickly and conveniently as possible. The services and tips below will help you get Bitcoin wallets. The list will be as detailed and comprehensive as possible.

Through the official client

The Bitcoin client makes it easy to get your Bitcoin jack wallet - all you need to do is download it from the website. It provides the highest possible level of security, because this kind of bitcoin wallet registration involves storing the entire database of transactions made over the 9 years of the currency’s existence. It is impossible to fake it in any way - the creators used absolutely strong encryption methods. Therefore, before making a Bitcoin wallet this way, you don’t have to worry about security.

Pros:

• maximum safety;
• support;
• fullness of possibilities.

Minuses:

• relatively large amount of disk space (more than 130 GB);
• Difficulties when trying to transfer from another device (you need to remember your data).

Using a thin client

Here the situation is simpler: it stores the entire database on the server, “picking up” it through another computer. If you create a Bitcoin blockchain wallet in this way, it will save disk space, which is especially important for mobile devices - many of them do not even have that much memory. Before you open a bitcoin wallet, you only need to install a lightweight program for your PC or smartphone.

The advantages of this method:

• you can perform all the same operations as with the official client;
• Doesn't take up a lot of memory.

Minuses:

• Payments can only be accessed from your device or by remembering complex login details.

Using the online service

A Bitcoin address can also be registered in existing payment systems. Webmoney, Perfect Money and many banks allow you to use their interface and have a personal bitcoin wallet, which you can create in two minutes and use without restrictions.

Specialized services should also be included in this category. They allow you to create a Bitcoin wallet for various purposes (trading on an exchange, purchasing goods, etc.). For the latter, reputation is very important, since everything is stored in a separate database file, and it is theoretically susceptible to attack.

Pros:

• simplified access - if you have a login and password to enter (or a code word);
• ease of use (before you create a Bitcoin address, you receive tips on how to use it);
• the ability to log in from different devices (bitcoin registration in Russian is also available).

Minuses:

• additional service commission (only for WM and online banking);
• theoretical possibility of hacking. Before you create a bitcoin wallet, you need to find a service that has a good reputation.

How to create a Bitcoin wallet in the most convenient way?

Before you create a Bitcoin wallet, you need to decide how you will use it. Of the options listed above, there is no universal option - for each, the significance of the pros and cons will be different. Nevertheless, the most interesting and profitable, from a financial point of view, is an online service that allows you to create Bitcoin wallets and carry out transactions with their help.

Among the numerous solutions, the most popular, well-thought-out and proven one can be called - before opening a Bitcoin wallet in Russian, the majority uses this particular service. This site gives you high resistance to attacks, a user-friendly interface and you can enjoy all the benefits of Bitcoin currency. Let's look at what to do if you need to register in a Bitcoin wallet using the example of its new interface.

Practical step-by-step instructions

• Log in to the address of the same name and activate the “Create a Bitcoin wallet” menu item.
• Fill out the forms that the service offers. They will be needed in order to register a bitcoin wallet. These include: your mailbox, as well as your login password, which needs to be duplicated.

IMPORTANT! We do not recommend that you set a password for your mailbox to log in before creating a Bitcoin wallet on the blockchain. This will greatly reduce your protection from intruders. If the email is hacked, the account will be under their control.

• Click the “Continue” button. Only an insecure password can prevent you from going further. Registration of a bitcoin wallet is not carried out if its length is at least 10 characters.
• After this, we get to the page where your mnemonic key is written down - a unique combination of symbols. It will allow you to recover your login data for your bitcoin btc wallet from any device around the clock. Even if your computer or smartphone is damaged or stolen, this combination of symbols will give you access to all funds. You need to rewrite it or print it and store it carefully. If lost, the finances will be stolen and then re-registration of the Bitcoin wallet will be necessary.
• Click “Continue” and you will be taken to the login page. In the top field called “Identifier” your login has already been entered - it’s also worth remembering. It is only important to indicate with what password the Bitcoin wallet is protected.
• Click “Open” and get into your account. Bitcoin registration is completed.

IMPORTANT! The address for replenishing your account is indicated under the transaction statistics. Before creating a Bitcoin wallet in Russian, you should also write it down, but mark it separately so as not to confuse it with a mnemonic key.

The modern crypto space provides an opportunity not only to have fun and gain a wide variety of knowledge, but also to earn bitcoins on your equipment. And with the invention of the so-called ones, this became much easier to do. Moreover, now there is a wonderful opportunity to combine business with pleasure and turn Bitcoin mining from simple entertainment into an additional source of income. Bitcoin mining is available to everyone, as long as you have a special one. equipment. This requires specific knowledge, a kind of mining instruction. Everyone can choose the best option for mining bitcoins.

It's time to find out what it means. A popular method of obtaining cryptocurrency is mining. It is classic, but quite difficult to use. There are also other methods that provide less income, but are much more accessible. You can earn virtual coins using , which is one of the most popular, using bots, games, doublers, faucets and much more.

How to start mining?

Since the invention of cryptocurrencies, interest in them has grown significantly, many new users are interested in how to mine bitcoins and how bitcoin mining works, and people who were doing this at the dawn of the formation of crypto wallets managed to amass decent capital. At first, the cost of coins did not exceed a cent, but now this figure is about $9,500 per bitcoin (current as of February 2020). And the value of the virtual coin should rise.

But we should immediately disappoint lovers of easy money who are thinking about how to earn bitcoins on a computer: even 1 btc is not so easy to get. The vast majority of miners are forced to limit themselves to the so-called satoshi - these are a kind of virtual cents and pennies. But even they can get up to 1 thousand per hour for the simplest tasks. In fact, this is not such a large amount: 1 thousand satoshi is equal to only 0.1125 dollars.

Mining Bitcoin: Basic Principles

Mining allows you to simplify the complex process of mining Bitcoin. There have been cases where mining bitcoins on a home PC brought up to 25 btc for completing a single task, but this is extremely difficult. And last year this figure was halved. Now the discovery of a new block can bring only 12.5 bitcoins.

The Russian segment of the cryptocurrency market is constantly being persecuted by the law, but users are not going to give up, so they just hide their hobby more carefully and still wonder how to mine bitcoins.

Spending cryptocurrency is not difficult at all. It is enough to simply exchange it for any other electronic currencies. No matter how many bitcoins you receive, you can always exchange them through Yandex.Money, QIWI, WebMoney or any other wallet or service, and then use them at your discretion.

Mining on a home computer

So, how to mine Bitcoins, what is it?

Mining Bitcoins is the first and only way to mine. He is unique.

So how to make Bitcoin? The method is to use cryptocurrency using special ASIC equipment and its power resource. Simply, he must solve mathematical problems, and when the so-called hash is found, the miner will receive a reward. This is the answer to the question of how to mine BTC.

For 1 hash, Bitcoin production is 12.5 coins, but this is also quite a good amount, considering the cost of one bitcoin, reaching 11 thousand dollars. As a result, the miner will have about $140,000 in his hands. But here the seeker of clues who wants to know how to mine bitcoins using a video card is faced with the main catch: modern problems can only be solved by the latest specialized computers, the cost of which can amount to several thousand dollars; a regular PC simply cannot cope with searching for a hash. In addition, several hundred miners are probably mining BTC right this very second, trying to solve the same problem. And there is no guarantee that the hash will be yours.

Mining at home ceased to be considered an extremely profitable activity immediately after specific devices began to appear on the cryptocurrency market. Bitcoin mining has turned into a real profession, in which desktop computers and their owners have nothing to do, and almost everyone has learned what Bitcoin mining is.

To mine BTC on your computer, it is best to use the power of ASIC equipment. This type of equipment is capable of producing approximately 2.5 GB of hash per second, and can be used to mine bitcoins. And the electricity consumption is quite insignificant - about 2.5 watts. For example, mining on a home PC with a Radeon HD 7990 card will produce a maximum of 1.2 GB of hash, while consuming as much as 200 Watts. In this case, home mining will not be able to compete with seasoned players. What internet speed is needed for mining? Naturally, the highest and most stable to date.

Nowadays, classic mining is used only by professionals, but the question of how to earn bitcoins using a computer is of interest to both beginners and amateurs. But they prefer to act using more modern methods of cryptocurrency mining. Specific farms have even begun to appear that use equipment whose power is many times higher than that demonstrated by ASIC. Considering this situation in the market, it is better to give preference to modern programs and answer questions like how to become a Bitcoin miner: choose cloud mining, with which you can earn Bitcoins with a much higher probability.

Cloud mining: how to mine bitcoins with it?

The attractiveness of such mining is that you do not need to purchase equipment. How to mine in this case? The miner simply invests in the purchase or rental of the necessary capacities. What is needed to mine Bitcoins? The following scheme is relevant:

• find a suitable site to understand how to mine bitcoins on your computer;
• register there to deposit the required amount of cryptocurrency into your account;
• purchase as much capacity as you can afford
• start mining bitcoin.

In this case, bitcoins will be mined by you together with other miners. The trick to mining cryptocurrency on your computer will no longer be a secret. And the winnings are divided among everyone, taking into account the invested funds. Of course, given the method of mining cryptocurrency, the profit will be much less. But the chance of winning will be several hundred times higher.

Where to mine bitcoins?

There are sites that show you how to mine Bitcoin and allow you to do it without investing your own money. For example, these portals will tell you what the Bitcoin currency is and how to earn it:

List of cloud mining services with a good reputation:

• Iqmining - Shares of mining capacity for the cryptocurrency BTC, ETH and another 150 altcoins are being sold. Besides, registration encouraged 10% to the purchased power. Profitability: up to 217%/year.
• Hashflare — () They rent out power for mining cryptocurrencies DASH, ZEC, ethereum, sha-256 (BTC) and scrypt (Litecoin) mining. Profitability: 239.04%/year, 0.65%/day. Code HF18OSE8OD10 gives a 10% discount on all contracts.
• Mizes — They rent out power for SHA 256 mining, SCRYPT, ETHASH. Yield: 1-3%/day.
• Bitdeer — () They rent out power for mining BTC. The project also has an affiliate program.
• Hashing24 — They rent out a share for mining the BTC cryptocurrency. Yield: 0.56%/day.
• Genesis-mining — They rent out power for SHA 256, Dagger, X11, Zcash mining. Profitability: 71.23%/year 0.2%/day. Promo code - IVUZQn gives a 3% discount.
• Hashtoro - BTC, Litecoin, Ethereum, Zcash cloud mining. Minimum contract 20€. There is an affiliate program. Substation power - 650kw/h. Profitability: they write 80%/year. Minimum payout: 0.005 BTC, 0.5 LTC and 0.1 ETH, excluding commission fees.
• Aliencloud. They rent out capacity for mining BTC, LTC, ETH, DASH, etc. Profitability: 105%/year. You can also use a crypto exchange on this platform.

Bitcoin mining: is it possible to make money on it?

This is the name given to services where it is possible to receive cryptocurrency by performing certain actions. And a specialized computer for mining bitcoins is completely optional.

To know how to mine bitcoins on your computer, you can use. For example:

Domestic projects where Bitcoin mining is possible are still significantly inferior to foreign ones. But the time is not far off when they will be able to compete with English-language sites.

Bitcoin development as a business: perspective

It is believed that the value of bitcoins will continue to grow. In this regard, since the resource is finite, and finding it is becoming increasingly difficult. What do you need for mining now? The most modern equipment. In addition, cryptocurrency is turning into a reserve currency.

If you are also planning to start mining bitcoins. And if you are interested in how to become a miner, you can easily start with faucets. It is this method that ensures a constant winning of satoshi. Having studied Bitcoin mining, you can try other, more complex methods for mining cryptocurrency. In addition, having received virtual funds for free, you can invest them in classic or cloud mining. The classic way to mine cryptocurrency will eventually become completely irrelevant. Since the cost of equipment will invariably increase, and it itself will become obsolete faster and faster. The difficulty in solving blocks will increase and as a result, mining on a PC will no longer be profitable.

In any case, you already know how Bitcoin mining happens.

What is Bitcoin mining and how does it work (video):

In the comments below, write which services no longer pay, together we will eradicate HYIPs and SCAMs that no longer pay. And also share projects that work stably and have credibility, apart from hype and SCAM.

Important! No one will ever give a 100% guarantee that all services will work forever, so be responsible about your choice.

What type of mining do you do? Share your success or failure story with this. By doing so, you will help many people understand this topic.

The popularity of cryptocurrencies is growing by the hour. The appearance of this virtual money circulation dates back to 2009 and was created by Japanese programmer Satoshi Nakamoto with a group of like-minded people. Among all the options, one of the popular ways to earn money out of thin air is Bitcoin mining. To master this art, you need to understand what it is, how to use it, and whether it is profitable to get involved in the world of cryptocurrencies.

What is Bitcoin mining

Blockchain is a chain of transactions where each subsequent link contains information about all previous ones. It is these chains that are called bitcoins. The process of creating and mining such virtual “connections” was called mining, which requires good computer equipment and special programs.

At the same time, Bitcoin mining is the support of an entire infrastructure designed to ensure the functionality of the entire network. The essence of this process is solving complex mathematical problems using special software installed on users’ PCs. The process of receiving bitcoins is not controlled by the center, but is distributed to everyone. Mining performs a number of important tasks:

• support for transactions (deals);
• protecting the network from adding invalid information;
• safety of bitcoins from various attacks;
• support for decentralization.

Important! From a profit point of view, it is no longer profitable to mine Bitcoins at home, since the power of standard computer equipment is not enough.

How to start mining bitcoins

Having understood the main essence and task of miners, you can move on to the process itself, for the implementation of which you will need to choose from:

• purchase local storage to accumulate funds on your PC;
• open an online wallet in any system.

Truly successful manners choose the first option. It will require the purchase of more powerful equipment or separate server storage, but it has greater productivity and only its owner is responsible for personal funds.

And the first thing a beginner should do, after creating a place to store virtual money, is to visit the official Bitcoin website, from where the official software for storing cryptocurrency is downloaded and installed.

When you first launch the program, the process of downloading Bitcoin blocks starts. This takes some time, but the process cannot be paused. Wait for complete synchronization and proceed further.

Fork selection

Fork is the use of the code base of a software project as a start for another. Each branch can develop and exist independently of the other. The main criterion for choosing a fork is profitability. It’s also worth paying attention to liquidity – the ability to transfer virtual money into all possible “live” ones.

Bitcoin itself is based on SHA-256, and owners of large and expensive farms receive high profits. For example, Scrypt uses a lot of RAM, which makes it difficult to create ASIC processors and makes it possible to use regular PCs for mining.

You can calculate profitability using any online mining calculator. This indicator depends on the video card and the speed of your PC, as well as the exchange rate. If the computer is not equipped with “hardy” components, then the average earnings per day will be only 100-200 rubles.

Pool selection

A mining pool is a server that distributes tasks across subscriptions among all connected participants. The contribution of each pool is valued as Share, the higher it is, the greater the chance of receiving an expensive signature. As soon as such a “Ball” hits the target, the pool says the block is ready and distributes a reward.

They select a pool based on the commission - a percentage of the block amount that will be divided between the miners. And also look at the features of withdrawing funds to your wallet. Some pools provide additional options for viewing worker statistics and monitoring them.

Note: Worker is a program that runs from your computer. The number of units of equipment you have, the number of “robots” you can launch. Each of them must be registered on the selected pool.

Miner's choice

Miner (“miner” translated from English) is a program for mining. It solves complex mathematical problems and counts rewards in the form of crediting several units of cryptocurrency to the account.

Usually, the selected pool indicates which miner is best suited to perform all functions, and detailed instructions for setting it up. Look for the “Get started” section.

Start of mining

Startup instructions are also included in the pool documentation. Typically the process occurs via the command line. For example, when using cgmoner on Linux without a graphical interface, you will need to enter the command:

./cgminer --scrypt -o stratum+tcp://pool_host:port -u Weblogin.Worker -p Worker_passwor

Where Weblogin.Worker is the name of the worker, and its password is Worker_passwor. To mine ether with the Ethminer miner, use the following command:

ethminer.exe -G -S eth-eu.coinmine.pl:4000 -FS eth-us.coinmine.pl:4000 -O VIPepol.1:1

All options are specified in the documents in the pool, including for starting the earning process in the absence of a video card.

Withdrawal to your wallet

From the official fork website, follow the links provided and create your wallet. You need to include an address in it so that you can receive the funds you earn. Then transfer the resulting line to the “Payments” section of your account.

You can send your withdrawal directly to the cryptocurrency exchange. And also do not forget that you will pay commissions for each transaction, so you should not pay out small amounts.

Advice: if you haven’t quite figured out how to set up the miner, there are special programs that go through all the steps step by step for you. But you will have to share with them. So, you give 1-1.5% to the pool, and 30-40% to software developers.

Bitcoin mining software

To mine Bitcoins, you need to install a cryptocurrency farm or software on your PC. Among the software, there are several of the most suitable and proven options:

1. CGminer is a popular GPU / FPGA / ASIC microprocessor. Open source graphics type suitable for Windows, Linux, OS X. The software itself includes overclocking, monitoring, fan control and remote interface capabilities.
2. BFGminer - Built specifically for FPGAs and ASICs, but does not have a central focus on GPUs. There are functions of dynamic timing, monitoring and remote screen viewing.
3. BitMinter is the best software when it comes to connecting with users and potential clients. A simple and intuitive interface with easy installation of the program itself.

It’s also worth paying attention to BTCMiner, Poclbm, DiabloMiner.

Bitcoin mining wallets

On the technical side, the wallets themselves (BTC) are not stored anywhere - it is a digital code recorded in a database using Blockchain technology. There are 4 groups of such cryptocurrency storage facilities:

• for computers;
• application on a smartphone;
• web wallets;
• in the form of gadgets.

Among the PC options, the most reliable are Bitcoin Knots, Bitcoin Core, GreenAddress, ArcBit. Mobile versions are selected depending on the gadget’s software; there are options for Android, IOS, and Windows. If you choose among virtual ones, then pay attention to Blockchain, Xapo, Coinapult.

The best hardware for mining bitcoins

To mine cryptocurrency that is not influenced by financial markets or regulatory centers, it is necessary to assemble the optimal set of computer hardware. It includes a processor, video cards and additional equipment.

Video cards

The video card must have sufficient memory and GPU frequency for the mining process to proceed without any complications. Suitable models include:

• Radeon RX 470 and 480;
• Geforce GTX 1060, 1070,1080;
• AMD latest models.

The average payback of such equipment varies from 200 to 360 days.

Processors

GPUs are the most important hardware when running a cryptographic system. Only powerful modern computers with sufficient RAM and a good video card are suitable for mining. The best options include:

• CyberPowerPC Gamer Ultra 2235 – 8 GB RAM, 1 TB hard drive, AMD RX 480 graphics card;
• Acer Aspire T AT3-715A-UR11 – AMD RX 480 video card, Intel Core i7-6700 processor;
• CybertronPC RHODIUM – 8 GB RAM, AMD RX 580 video card, good for Ethereum.

You can separately purchase an Intek G4400 class processor, which is suitable for mining, but will be cheaper than a whole computer.

Other equipment

Instead of processors and video cards, you can purchase application-specific integrated circuits (ASICs) or gate arrays (FPGAs), as well as separate USB devices.

Among ASIC miners, ANTMiner S7, S9, Avalon6, CoinTerra TerraMiner IV are considered the best. If you choose from USB miners for bitcoins, you should take a closer look at AntMiner U2, BPMC Red Fury USB, Avalon Nano 3.

Pools

Pools differ in interfaces, information content, power, types of currency, reward distribution system and commissions. There are the “Chinese Four” of the most popular and reliable pools:

1. F2Pool or “aquarium fish”. About 20% of the hashrate is retained in the network. Withdrawal commission is only 4%. This system is the most widespread.
2. BTC China with 10-12% retention on the network. They take 4th place in the overall pool ranking.
3. BW pool – 7-9% of capacity, there is a partial translation into Russian. The PPLNS accrual system operates without commission.
4. AntPool – mining capacity is about 18%, works via PPLNS without commission, there is a PPS option with a retention of 2.5%. Suitable for those who like to play solo.

Choose a pool based on the most favorable conditions and simplicity of interfaces. For beginners, it is better to choose an easier option for mastering the basics of Bitcoin mining.

System requirements

On an average-power home PC, you can only mine little-known and new cryptocurrencies. Bitcoin requires a minimum of 4 GB of RAM and 2 GB of video card memory.

OS

There are no requirements for the operating system; you can select the appropriate version of the mining program for Windows from 7, Lunix (it is most often chosen for cryptocurrencies).

The main thing is to purchase powerful video cards, and even more than one, or install separate USB devices or ASIC miners.

Internet ping

Mining traffic depends on the number of connected devices, their performance and the complexity of solving mathematical problems. With proper equipment configuration and pool selection, 10 kb/s Internet speed with a standard Dial-Up connection is sufficient. It must be wired, without failures or breaks. Therefore, choose your traffic provider carefully.

If it is not possible to ensure a stable connection, you can buy 3G modems with unlimited traffic and use them in a good coverage area.

Cloud mining of bitcoins

Cloud mining uses special servers on which you can work without purchasing your own equipment for mining cryptocurrency. At the same time, a small commission will be charged for using the resource, which is cheaper than buying professional hardware for mining Bitcoins.

Among the most reliable servers are:

1. Coinmix.biz is a new option with a minimum deposit of 1 US dollar. The average return on investment is from 50 to 100 days.
2. Cloudmy – for registration they provide a bonus of 2 dollars (20 GH/s). There is a system of profitability levels from 0 to 9. Payback from 25 to 100 days.
3. Apextop – $1 bonus, 10 levels of return. You can return funds within 25-50 days.

You can find better options depending on your investment.

Nuances and possible difficulties

To start mining bitcoins, you need to choose a mining method:

• solo - on personal equipment, where it is possible to spend more money on electricity and purchasing hardware than to make a profit;
• pool - using a remote server: the biggest difficulty is choosing the right one with the most convenient interface and minimum withdrawal fee;
• cloud servers - the whole process lies in the number of investments you make and the payback period.

The best option with a large number of nuances, but a high probability of earning money, is considered to be a pool. To choose the right one, look at 3 main characteristics:

• commission size from 1 to 10%;
• withdrawal methods;
• user-friendliness of the interface.

Beginners should not take on new cryptocurrencies, but it is quite possible to try your hand at a standard set of Bitcoin mining software.