Mining Bitcoin: Getting Started

Any good project starts with research.  And fortunately I’ve done a ton of that for you!  Making the decision to mine bitcoin can seem positively overwhelming until one grasps a basic understanding of the factors which this decision needs to be based off.

Understanding the minimum technical requirements of Mining Bitcoin can be boiled down to one simple question.

Do you have the electrical capacity to power and cool a hot noisy ASIC computer (approx the size of a shoebox) and keep it running 24 hours a day?

In the United States the associated cost for that amount of electricity is typically no more than $150 – $200 per miner per month.  That is a high side estimate, but better to assume excess up front costs than to not.

Getting Started

Downloading Bitcoin Software (Getting a wallet)

Choosing a Power Supply (110 or 220)

Buying a Bitcoin Antminer

Setting up a Bitcoin Mine

Selecting a Mining Pool

Mining Bitcoin