Can you mine Bitcoin for Free?

Question

Is it possible to mine bitcoin for free? Are there any ways for investors to do that? If so, what are the possible ways?

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Delta 3 months 1 Answer 47 views 0

Answer ( 1 )

  1. Bitcoin mining can be done by a computer novice, requiring basic software and specialized hardware.

    The software required to mine is straightforward to use and open source, meaning free to download and run.

    A prospective miner needs a bitcoin wallet—an encrypted online bank account, to hold what is earned. The problem is, as in most bitcoin scenarios, wallets are unregulated and prone to attacks.

    The second piece of software needed is the mining software itself, the most popular is called GUIMiner. When launched, the program begins to mine on its own—looking for the magic combination that will open that padlock to the block of transactions. The program keeps running and the faster and more powerful a miner’s PC is, the faster the miner will start generating bitcoins.

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