Connect a Bitcoin wallet. Which one to choose and how to create a Bitcoin wallet? Device or hardware wallets

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 increase.

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 bitcoin.

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 of the services where it is possible to receive cryptocurrency by performing any 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.

Do you need a Bitcoin wallet, but don't have enough understanding of what it even is? In this article we will figure out what is a Bitcoin wallet, how to choose, how to create a Bitcoin wallet and how to use it in general. And before moving on to practice, you should first understand the theory.

Bitcoin wallet is specialized software that is installed on your personal computer OR provided as a service (via a website or mobile application) by a third party, and contains your private key(s). Bitcoin wallet displays the balance of your bitcoins and allows you to perform certain operations with them: transfer (pay) or accept bitcoins.

Private key- this is secret information (code) that confirms your right to use (transfer) bitcoins stored in your wallet through a cryptographic signature. Your private key(s) can be stored either on your computer or on a remote server, depending on the type of Bitcoin wallet you use (we'll talk about the types of Bitcoin wallets below).

IMPORTANT! The private key is your purely personal information! NEVER disclose this code to third parties, as this may result in the complete loss of the bitcoins in your wallet.

It is the private key that will allow you to manage your Bitcoin funds.

It is important to understand that Bitcoin wallets are different. Today, Bitcoin wallets can be divided according to their physical location into the following types:

• Desktop Bitcoin wallets are wallets installed on a computer;
• Wallets-mobile applications;
• Online web wallets;
• Wallets-gadgets;
• Paper Bitcoin wallets.

Desktop (installed on a computer) wallets are divided into so-called "thick" And "thin bitcoin wallets". Thick Bitcoin wallets need to download the entire block chain (blockchain) and constantly update them. Thin Bitcoin wallets do not need to download the entire block history. Using thin wallet, the level of security of stored bitcoins is reduced, since they have to take all the missing information from third-party services that they have to trust.

Now let's figure out what is their difference, what are the pros and cons?

Desktop Bitcoin wallets

When Bitcoin came out, it was the only wallet option. The desktop Bitcoin wallet was created by Satoshi Nakamoto himself. (founder(s) of the Bitcoin cryptocurrency).

The main advantage of this type of wallet is its high level of security. In itself, it is a piece of software installed on your PC that creates a Bitcoin account and also generates a private key for storing funds in the account. With this, it becomes possible to send and receive cryptocurrency.

The disadvantage of desktop wallets is that when you turn them on for the first time, they download the entire blockchain for the entire existence of the Bitcoin network. Loading it and synchronizing it with the network will require considerable time and more than 10 GB of free space on your computer’s disk. This fact means that physically the entire code of the wallet is only with you, access to it by third parties is impossible - this provides an increased degree of safety of the accumulated funds.

Desktop Bitcoin wallets include:

• Bitcoin Core
• MultiBit
• Armory
• DarkWallet,
• Electrum

They all have their own characteristics, some have advanced functionality.

Some of them have increased security - for example, Bitcoin Core And Armory. These are representatives of thick wallets.

Bitcoin Core- one of the most popular Bitcoin wallets. It is an official version of the program, the developer of which is the Bitcoin Foundation - this company belongs to the category of non-profit structures. Bitcoin Wallet Bitcoin Core is a community-developed free and open source project distributed under the MIT license.

Armory is also a fairly popular analogue of Bitcoin Core. In addition to high security, Armory provides users with wallet printing and offline storage functionality.

IMPORTANT! MacOS operating system does not support Armory.

Bitcoin wallets such as Bitcoin Core and Armory are often chosen by professional miners who store hundreds of Bitcoins in their accounts.

Other wallets rely on the anonymity of transactions. A bright representative - DarkWallet. This wallet uses a lightweight browser extension that allows you to provide services such as "mixing" cash flows with other users of the software. This allows you to protect transactions from being tracked by third parties.

It works something like this: you send a transfer from wallet A to wallet B. The second person sends his transfer from wallet B to wallet D. Your amount goes to wallet D, and from wallet C goes to wallet B. There is no connection between you and the owner of the wallet No, so it becomes extremely difficult to track who actually sent the money and where. Naturally, the mechanism is much more complex, but the general principle can be explained this way.

Bitcoin wallet MultiBit- a “light” version of Bitcoin Core. Its main advantage is that it does not require gigabytes of information to work, which means you don’t have to wait a day to synchronize your wallet; the wallet will be ready for use literally 5 minutes after installation. Otherwise, this wallet is not much different from the original client. Multibit works on operating systems such as Windows, MacOSX, Linux. The downside is the low degree of security compared to other desktop wallets.

Bitcoin wallet Electrum, just like Multibit, is focused on high speed and low need for computer resources. But unlike its analogue, it provides several interesting functions, for example, password recovery, the ability to store bitcoins offline. Electrum is compatible with the Android system, which is also its indisputable advantage. Minos has a lower level of security than, for example, Armory.

Mobile Bitcoin wallets

The mobile version of a Bitcoin wallet involves installing and using a specialized mobile application. Obviously, the advantage of such a wallet compared to a desktop one is its mobility and availability at any time and anywhere.

A common feature of all mobile wallets is that they do not require a complete download of all blocks. Instead, mobile applications are designed with simplified payment verification, so that only a small portion of the blocks are downloaded, and the authenticity of the funds sent occurs on other trusted nodes in the Bitcoin network.

The most popular mobile wallets:

• Mycelium
• Xapo
• Blockchain

Regarding mobile options for Bitcoin wallets, I would like to note the fact that Apple is not particularly willing to support them. More and more varied choice on Android.

Online web wallets

Some online Bitcoin wallets work directly on the Internet, and some of them simply connect your mobile and desktop wallets.

One of the advantages of a web wallet is that you can access it from anywhere, regardless of the device you are using (smartphone or PC). On the other hand, there is a significant drawback: all your wallets are stored on third-party servers that do not belong to you. Those. hypothetically, your wallet and the funds on it could be taken over by third parties (attackers or employees/owners of an online service).

Among the many online wallets for storing Bitcoin, the following can be noted:

• Coinbase is a Bitcoin exchange integrated with a wallet. Here you can buy, exchange and send bitcoins wherever you need. The ability to quickly sell or buy bitcoins is the main feature of this service - Coinbase works as a full-fledged exchanger. The only one, but very significant, disadvantage of Coinbase - you will need a US bank account to conduct transactions.
• Circle offers users around the world the ability to store, send, receive and buy Bitcoin. Currently, only American citizens can use bank accounts to deposit funds; for users from other countries, deposit options are available through credit and debit cards.
• Blockchain, probably the most popular web wallet. It allows you to send and receive Bitcoin in a short time. There are options for multi-factor authorization both when logging into an account and when making a payment, which increases the security of the wallet and ensures the safety of the Bitcoins on it from theft. The only point that I cannot keep silent about is that there are rumors on the Internet that employees/owners of the service are stealing funds from the accounts of their users. I didn’t notice this myself, but I heard similar stories from no one. I would like to believe that this is just chatter. I myself am a user of this particular online wallet.
• Xapo also a convenient and simple service that provides services for hosting a Bitcoin wallet with a number of “features” that provide additional security.

Wallets-gadgets

Gadget wallets are specialized devices that can contain private keys in electronic form. The number of such devices on the market is extremely small.

The price of gadget wallets for Bitcoin varies from 30 to 150 dollars, they can be purchased in various Western online stores. Such wallets can work both as flash cards and as devices with remote signals. Versions that recognize fingerprints as well as heart rate are currently being developed.

Despite the apparent maximum security of these devices, if such a gadget is lost or damaged, access to the wallet is irretrievably lost.

Bitcoin paper wallets

A paper wallet is a document that contains two keys, public and private, in printed form. QR codes can also be applied to it for quick scanning of keys.

You can generate and print a Bitcoin paper wallet at bitaddress.org. On the Paper Wallet tab, you can set the number of new addresses to create, select the appearance of the wallet (with or without design) and other parameters. You can top up your wallet using a public key or by scanning a QR code.

The main disadvantage of this type of Bitcoin wallet is that if it is lost, it will be impossible to restore access to your funds. It is also worth considering that paper and ink are subject to natural aging, so the wallet will have to be stored with extreme care. The advantage of a paper wallet is that its keys are not stored digitally and cannot be stolen due to hacker attacks or malware.

Which Bitcoin wallet to choose?

So, we have looked at the existing types of Bitcoin wallets and now we can draw intermediate conclusions. You most likely will not use the last two options - gadget wallets and paper Bitcoin wallets. What to choose from the remaining three types? Which Bitcoin wallet is better? It all depends on how active a user of Bitcoin cryptocurrency you plan to be.

If you are aiming for serious work, namely, then of course, first of all, you will need to install the desktop version of the wallet. If you are focused on operational use (trading, HYIPs, network programs), then it will be more convenient for you to work with online services and mobile applications.

Now that you have decided which Bitcoin wallet you need, let's look at the technology for creating and using it.

How to create a Bitcoin wallet?

In this section, we will look at the algorithm for creating desktop wallets and determine how to use online services and mobile applications.

To create an establishment for any Bitcoin wallet, I recommend using the website bitcoin.org. Here are all the types of wallets that we reviewed above.

Follow the link and select the type of wallet you want to use: mobile, computer (desktop) or web. Depending on your choice, you will be offered several options for verified wallets. We have already reviewed some of them in this article, and in principle, you can choose them. If you have specific needs, then I recommend studying more detailed descriptions of a particular Bitcoin wallet.

Installing a desktop Bitcoin wallet on your computer

If you decide to use a thick or thin wallet, then you will need to download and install it on your computer. The most important thing to remember in this matter is that you will need a decent amount of free space on your hard drive.

Download and install the wallet of your choice - there are no subtleties or nuances. The wallet is installed on your computer like most other software.

Using online Bitcoin wallets and mobile app wallets

In this case, you will simply need to register on one or another web service (if you have chosen an online wallet) or install the application on your mobile device. You can select one or another wallet there on bitcoin.org, selecting the “Mobile” or “Web” sections, respectively.

How to use Bitcoin wallet?

To use any type of Bitcoin wallet, you will need a private key (keys), which is generated during the process of creating the wallet, as well as a public key (keys) that you will transfer to third parties so that they can send you bitcoins. It looks something like this - 1K5dQZqeuJJqSmkVkhYhzCGrG5jQafQnhV is an address for receiving or sending bitcoins.

Also, some versions of Bitcoin wallets allow the use of QR codes.

Accordingly, in order to make an incoming or outgoing transaction, you will need to copy the address (code) and pass it to the sender (if bitcoins are to be transferred to your wallet), or paste it into the form for sending bitcoins, having previously indicated their quantity (in case of transfer/payment to another person).

How to open a Bitcoin wallet and fill it with Bitcoins - this question worries today, if not all, then many users of the global Internet.

Cryptocurrency - what is it?

Cryptocurrency is a certain category of digital currency - a subtype of electronic money, the issue and promotion of which cannot be controlled by either states or individual citizens. Intermediary sites that transfer bitcoins or other cryptocurrency from one wallet to another or withdraw it to a bank card can set a commission at their discretion. The Bitcoin rate is unstable; anyone can watch the races.

Cryptocurrency is now legalized in many countries around the world, but there are states where the use of this category of electronic money is prohibited by law. Not a single serious bank allows you to withdraw virtual money.

How to top up a Bitcoin wallet? Using payment systems Qiwi, WebMoney, Yandex.Money and other “payments”.

Where do bitcoins come from?

The procedure for obtaining any type of cryptocurrency is called mining. Payment for simple actions taken is credited to the miner's account. As mining develops, it becomes more and more difficult to mine cryptocurrency, so many Internet entrepreneurs compare this type of activity to gold mining.

You can pay for services or purchases from a wallet in which cryptocurrency is stored only by transferring funds from one wallet of the same type to another.

When the funds spent on obtaining cryptocurrency exceed its real value, the existence of this subtype of electronic money ceases.

You can create a Bitcoin wallet (or a carrier of another type of digital currency) in order to pay bills and make financial transfers on special sites that register electronic wallets for free.

Creating a wallet for collecting bitcoins on the Blockchain.info website

How to open a Bitcoin wallet using the Blockchain service? The procedure is very simple.

Once on the site, the user should go to the tab labeled “Wallet”, and then click on the inscription “Create a new wallet”.

Having specified an email address and created a password, the potential wallet holder continues registering the Bitcoin wallet by clicking the “Continue” button, and when the key phrase required to restore access to the account opens in the window that appears, it must be written down or printed using the “Quick Print” option. .

Once again clicking on the “Continue” sign, the user finds himself on a page with an identifier, which is recommended to be rewritten or saved in a separate file.

At the end of the procedure, you must specify a password that opens the newly created Bitcoin wallet. Registration is considered complete after successful authorization on the site after clicking on the “Open wallet” button.

At the end of the procedure, the user should go to a page where all the information regarding received and spent bitcoins is written down. The address to receive this type of cryptocurrency is listed at the bottom of the page.

How to create Bitcoin Wallet (bitcoin wallet) for Android

Before creating a Bitcoin wallet in your smartphone, its owner needs to make sure that the version of Bitcoin Wallet found on the global Web is comparable to the phone’s settings. Then a Bitcoin wallet downloaded from the Internet and installed on a smartphone will work autonomously.

If the wallet is installed correctly, the phone owner will be able to use the built-in Bitcoin Wallet applications - a calculator and currency conversion program, using which you can display the available bitcoins (BTC) in the form of any other known currency.

The keys to the Bitcoin wallet address and the address itself are stored in the phone’s memory, usually in the wallet.dat file. The phone owner has the opportunity to block access to the created wallet.dat wallet with a password.

How to create a Bitcoin wallet in the WebMoney system. Instructions for a beginner

Users of the popular payment system WebMoney and those who have issued a formal certificate can open a wallet to earn bitcoins. To do this, you need to provide the site with your passport details and mobile phone number.

You are prompted to provide a mobile phone number immediately after registering a new user. At the next stage, the potential owner of the Bitcoin wallet is asked to enter personal data, after which the user who clicks on the “Continue” button will be redirected to a new page, where in the window that opens he will have to enter a digital code sent to his mobile phone number.

By clicking on the “Continue” button again and finding yourself on the next registration page, the newly created owner of the wallet must come up with and set a password with which he can log into his payment account.

Once on the next page of the site with the inscription “Create a wallet,” the user can either immediately create all the wallets he needs, or first open a Bitcoin wallet (selecting the desired abbreviation from the list), and create the remaining wallets later.

Bitcoins in the WebMoney system are designated by the abbreviation WMX.

using the WM Keeper program

After opening the klassic program ("WebMoney Keeper Classic"), go to the tab with the list of wallets, and then in the top menu find the "Create" button, which is located in the upper left corner above the list of available wallets).

By clicking on the “Create” button, the user opens a list of wallets available for creation and selects the desired position. In this case, it is a WMX wallet (1 WMX is equivalent to 0.001 bitcoin). After creating a wallet, its owner will be asked to read and agree to the terms of the agreement on the creation of property rights.

The number of the created wallet is the account in which the bitcoins will be stored.

on the WebMoney website and link the address to the WMX wallet

It is necessary to understand that a Bitcoin address and an internal WMX wallet are not the same thing. A wallet created on the WebMoney website is used to pay for services and purchases.

In order for the desired bitcoins received on various sites distributing this type to end up in the WMX wallet, the holder of the electronic wallet must first obtain a Bitcoin address from WebMoney and then link it to the Bitcoin wallet.

By logging into the page of the Bitcoin deposit and withdrawal service, the address of which is indicated above, and opening the “Operations” tab, the WMX wallet holder activates the “Receive” command, after which the Bitcoin address is downloaded and activated.

From now on, all Bitcoin (the rate of this currency, by the way, can fluctuate hourly, since it is one of the most unstable currencies in the virtual world), received on specialized sites and credited to the Bitcoin address, will automatically go into the WMX wallet. After conversion, they can be easily displayed on any card.

Where can I get virtual money? What programs are used to earn electronic money on the Internet? Is it possible to earn bitcoins using a computer on a machine?

There is an opinion that in the future cryptocurrency will become the main and only means of payment on the planet. But for now, serious investments in bitcoins and other digital money are considered a high-risk, although potentially highly profitable, way of earning money. If you are ready to take risks, then this article is for you.

Denis Kuderin is in touch - financial expert of HeatherBober magazine. I will tell, how to earn bitcoins using a computer, what methods of obtaining virtual money do not require investments, and how cloud mining different from usual.

Let's sit down comfortably and read to the end - in the end you will find out which services for earning bitcoins are now the most popular, and how to get a lot of cryptocurrency by investing a minimum of your own funds.

1. Bitcoins – earn virtual money on the Internet

Bitcoins (bitcoins, BTC, BTK) are the most popular electronic currency. It is used to pay for goods and services, both in dollars, rubles and euros, bought and sold on stock exchanges, and exchanged at electronic exchange points.

However, Bitcoin has a significant difference from other currencies. This electronic money is not controlled by any institution in the world. They cannot be cashed out at an ATM. They are a self-sufficient system and exist only within the network. Moreover, bitcoins are not backed by either gold or silver, but only by the source code (script).

The number of bitcoins is limited: it is known in advance how many of them will be produced before 2140. This is partly why this cryptocurrency is so valuable.

The emission of currency is ensured by the work of millions of computers around the world. It, like gold, is mined industrially and artisanally.

The whole point is that Bitcoins are distributed relatively randomly– among those who use special equipment for computing. The more powerful the equipment for creating mathematical algorithms, the higher the likelihood of receiving bitcoins.

What are the advantages of Bitcoins:

• they are transmitted directly from one person to another over a network– there is no need to use the services of banks and other settlement institutions;
• Bitcoins are an international currency: it can be used in any country in the world;
• the account cannot be frozen– the currency is not controlled by any centralized institution;
• there are no restrictions on the amounts and time of transactions– unlike bank transfers;
• low transfer fees– at instantaneous speed.

Since it is a purely digital currency, 1 BTC is divisible almost indefinitely. The smallest coin is called " satoshi"(in honor of the program developer) and is equal to 10 -8 bitcoins.

The entire history of Bitcoin transactions that have ever occurred is stored on the network and is a blockchain ( blockchain).

Mining Bitcoins using a computer is called " mining" A few years ago, mining cryptocurrency was extremely simple - no additional equipment was required.

Now everything is much more complicated - requires substantial expenditure on hardware and software, which pay off only within 6-24 months.

First of all, mining provides the Bitcoin infrastructure itself, and making a profit is an additional incentive. Mining on regular video cards and processors is a completely outdated way to make money.

Only specialized hardware has prospects, but a lot of people with a lot of money and the appropriate equipment are already involved in this area.

Mining – not the only way to earn bitcoins. What other options does the average user have? Read on.

A short video educational program on the topic of cryptocurrency.

August 1, 2017 Bitcoin was divided into two cryptocurrencies: Bitcoin And Bitcoin Cash.

2. 5 proven ways to earn bitcoins

Experts and analysts warn against large investments in mining equipment. In general, it is advised to treat cryptocurrency as an additional, but not the main, source of income.

Iron becomes obsolete within a couple of months after its purchase, and Bitcoin rates are unreliable. They are influenced by a lot of speculative factors. The high cost of Bitcoin now does not guarantee a secure future for those who currently have a lot of cryptocurrency.

Everywhere they write that Bitcoin exchange rate is growing and is not going to fall. It seems that everyone around you is making tons of money on Bitcoin, and you are missing out on profits. But I do not recommend taking risks and spending all your savings on cryptocurrency.

This is still an experimental project with an unpredictable future. . If you take a risk, then exclusively free money, which you don’t mind losing.

Cryptocurrencies are just technologies for making transactions. Bitcoins by themselves are of no use to anyone. If you want to really earn a lot on cryptocurrencies, become a manufacturer of mining equipment. Then your revenue will really be real.

Nevertheless, there are affordable ways to earn bitcoins. And I will tell you about them in detail.

Method 1. Mining

Specialized mining equipment costs serious money. Miners generally do work that is useful for the Bitcoin system - they ensure its vital activity and the reproduction of new units of cryptocurrency. This is the foundation on which everything rests.

What equipment is required for traditional mining:

1. powerful modern video cards - not the same as those installed in your home computer;
2. no less powerful power supplies;
3. ventilation and cooling systems;
4. latest generation processors.

Modern miners create entire farms for mining bitcoins - several computers that perform calculations 24/7. The “farmer” spends not only on equipment, but also on paying for electricity, which is consumed in an intensive mode.

In addition, specialized programs are needed - CGMiner, DiabloMiner, BFGMiner, Phoenix or others: mining software is constantly evolving, as are the technologies themselves. Read a separate publication about that.

It is alarming that some major players, who opened their farms some time ago, are now selling off their equipment. Does this mean that the Bitcoin market is heading for a reversal? It's impossible to say for sure. While 1 BTC is worth 2.5 thousand dollars . And this is more expensive than gold.

Attention! While we were preparing this article for publication, the Bitcoin rate has increased again! On August 8, 2017, one unit of this cryptocurrency exceeded the mark for the first time 3500 dollars!

Small farm for mining bitcoins

There is another, much less expensive type of BTK mining - cloud mining. Its essence is that you use rented equipment that is located somewhere else. You pay for using the program by renting it for the period you need.

Cloud mining is industrial enterprise for bitcoin mining. You no longer mine cryptocurrency as a lone miner, but use the services of an entire “mining company.” The bitcoins mined by this company are distributed among the tenants of the cloud server.

The algorithm is simple:

• choose a cloud mining site;
• register and deposit cryptocurrency into your account;
• purchase power for as long as you have enough money;
• mining is carried out in automatic or semi-automatic mode.

You need to choose a site carefully - in this area, like any other related to finance, there are a lot of scammers who want to make money at your expense. And some popular services are typical hype - financial pyramids with a limited lifespan.

Method 2. Passing captcha on faucets

Cranes- these are sites that offer everyone satoshi as payment for simple tasks– click on the banner, enter the captcha, watch a video or web page for a fixed time. Money is credited to your bitcoin wallet.

The average reward is small - 100-300 Satoshi, but some sites constantly give out larger prizes. Cryptocurrency withdrawal is available after accumulating a certain amount of Satoshi. Most faucets have a referral fee system.

The advantage is that no investment required from users. Initially, faucets were created to popularize cryptocurrency, but gradually became a full-fledged way to earn it.

Method 3. Gambling

In essence, these are ordinary online games, only winnings here are not in rubles and dollars, but in cryptocurrency.

There are two ways to make money on such Bitcoin games - play yourself or attract referrals. The first option involves a known risk - There are not only wins in the game, but also losses. The second option is more reliable, and earnings depend only on your ability to attract referrals.

Method 4. Affiliate programs

Quite a promising and highly profitable method. You place an affiliate link on your website, social network page, LiveJournal blog and receive a reward for it. Money drips every time your link is clicked a new user goes to the affiliate site.

Where to look for users who will follow your link? In the vast expanses of the World Wide Web. Place your affiliate program wherever you can, including in communities, on thematic forums, in comments on sites where this is allowed.

Method 5. Trading

Cryptocurrency is widely traded on exchanges, just like dollars and rubles. Those who purchased a decent amount of bitcoins 5-7 years ago are now millionaires. But this does not mean that the rise will continue.

Fact

One Finnish student purchased bitcoins in 2009. 27 $ and happily forgot about my purchase. When he remembered this a few years later, his savings were already worth $886,000 .

Making money from exchange rate fluctuations is the topic of a separate article. Here I will say one thing - trading on Forex or special ones without initial preparation is risky.

3. How to earn bitcoins using a computer on a machine - 5 simple steps for beginners

Let's move on to practice. Let's look at it step by step, how to earn bitcoins using mining software, which I wrote about above.

First you need to start bitcoin wallet. It stores the secret key to access bitcoin address. Since Bitcoins themselves are immaterial, the key is the only way to access funds.

There are official and light wallets, hardware and online wallets, as well as for PC and mobile devices. The choice is yours. Next, follow the expert guidance.

Step 1. Select a service

Choose a service to earn money automatically. The advantage of this method is that you don’t need to waste time installing and debugging equipment. All you have to do is launch a program that will work for you.

The problem is that there are many services and many of them do not mine bitcoins themselves, but just intermediaries. In the next section you will find an overview of proven sites that are trusted by thousands of users.

Step 2. Register

Registration on the service is extremely simple and takes a few minutes. You are required to provide an email address, country, login, password and date of birth. Some systems have other fields, but in any case they are few.

Step 3. Download the program and go to your personal account

Then everything is simple - you need to download the program and install it on your computer. It is for the program that the user pays. The service itself will advise you on the most suitable version of the program, depending on the database you use.

Various service rates available– from the most inexpensive to the most expensive, involving the conclusion of a long-term contract with the service.

If you want to know more, read our article “How to mine with a video card.”

Step 4. Launch the program

Now the program needs to be launched. There are no difficulties here either - a person with a minimum level of training can understand the interface and functions.

Of course, the rules for using both the program and the services of the service itself need to be studied in advance. This will save you from unnecessary questions. But if they do arise - Feel free to write or call the site support service.

Step 5.

We receive bitcoins to our wallet. Parallel attracting new users to the service and we have a percentage of their income.

You can make money on bitcoins, but there are no guarantees of earnings

How much you earn depends on earnings no

How much you earn depends on the capacity you purchased and the cryptocurrency rate. Those who took up cloud mining a couple of years ago have done well. But this does not provide any guarantee of profit in the future.

A separate issue is the exchange of bitcoins for other currencies. There are hundreds of exchange offices of varying levels of reliability on the network. How to find the most profitable rate?

- I recommend using a professional service - monitoring exchangers. Here are the best exchange rates at the moment in all working exchangers. At the same time, unreliable and compromised sites are excluded from the list.

I personally have repeatedly used this resource and still use it when I need to exchange money on the Internet or withdraw it from payment systems. For cryptocurrency miners, exchangers are the fastest and most secure way to convert digital money into real money. And searching for the most profitable rate using BestChange monitoring gives real savings.

4. Where to earn bitcoins - review of the TOP 3 services for earning money

I offer an overview of the most popular services for earning bitcoins. These are international platforms available to everyone.

Thousands miners have already withdrawn money from them and are withdrawing them now, so - no deception, only program code.

1) HashFlare

Cloud mining HashFlare – a new generation service with equipment designed specifically for cryptocurrency mining. The platform connects users to pools - special web services that allow them to receive bitcoins more evenly and predictably. The user has the right to select several such pools to reduce risks.

HashFlare is a division of the larger HashCoins company, which develops professional mining software. So the service uses its own products, not third-party equipment.

The service guarantees clients low risks, a minimum entry threshold and low costs for program support and maintenance. The company's head office is located in Tallinn.

2) Kryptex

“Kryptex” is the name of the server and special program. You download it to your computer, it starts generating cryptocurrency. Profit comes in both bitcoins and dollars, rubles and other currencies for which you exchange virtual money.

The application makes special calculations using the power of your device. The operating algorithm is as simple as possible: install the program, register, leave Kryptex running, and make a profit.

Earnings are small - up to 9,000 in rubles on average-power computers, but don't forget - you get this money without making any effort.

3) Fleex.cc

Mining platform for mining the most popular cryptocurrencies. Estimated earnings are 2-3% per day from investments. 100 Gh/s (power units for mining bitcoins) as a gift.

Using affiliate programs, you receive an additional 5-12% of the power purchased by your referrals.

Service comparison table:

5. How to earn a lot of bitcoins by investing a little - 5 golden tips

Earning Bitcoins is unlimited. More precisely, there is only one limitation - the amount in 21 million bitcoins, and it is set by the system code itself. However, for an ordinary user, several thousand BTK, or even hundreds, will be enough for a comfortable life.

Read our articles and take advantage of expert advice.

Tip 1. Invest in mining correctly

Buying equipment and software is expensive and not always profitable. Much easier make money on rental and cloud services. But don’t invest money in one program – try different options. Bitcoin mining is an unpredictable process.

Advice for traders who make money on cryptocurrency price fluctuations. The most reliable and professional broker on the Forex exchange is. You need professional support and guarantees of profitability - register with Alpari, choose an intermediary and make a profit.

If you are a sociable person and know how to persuade, then affiliate programs are your cup of tea. There are people who earn bitcoins exclusively from referrals without investing a single satoshi of your own funds.

As with any activity, you can learn how to earn cryptocurrencies. There are those who know how to not only earn bitcoins, but also teach others how to do it.

The network is full of information and video lessons from professional cryptocurrency miners. There are also paid courses - although their value cannot be predicted in advance.

If your option is your own mining farm, then pay special attention to the quality and functionality of the equipment.

Beginners often forget about important little things - for example, saving on the cooling system for the processor and other computer components. But for full production, farms must work around the clock.

Seek the help of experienced “farmers” - look for them online on special forums and websites.

6. Conclusion

Now you know how to earn bitcoins using a computer. The topic of cryptocurrencies is vast and multifaceted, and our magazine is preparing a whole package of interesting and informative articles on this topic.

Question for readers

What do you think is the most promising way to earn bitcoins?

Friends, if you are interested in finding out what other cryptocurrencies are popular today, be sure to read our review article.

HeatherBeaver magazine wishes you success in all your endeavors! We are waiting for comments, additions, questions. Share the article with friends on social networks and rate it. See you again!

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. These chains 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 getting 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 working with 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 in 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 optimal 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.