Mining Bitcoin: Getting Started

Deciding to mine bitcoin can seem positively overwhelming until one grasps an understanding of the basic factors which need to be evaluated.

The minimum technical requirements to mine 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