Once upon a time, you could mine bitcoin with your home computer. If you have looked into the possibility of mining bitcoin today, however, you have likely found that it now requires downloading a full bitcoin node, finding the right mining software and a good mining pool, and investing in […]
Mining
FAQs about Bitcoin and Altcoin Mining
Mining of bitcoin and altcoins tends to be a confusing topic for many. How does it work? How can I set up a miner? And most importantly, is it profitable? These are just a few of the questions that led the Bitcoin Market Journal team to put together this frequently […]
How to Mine Monero, Step by Step
Monero is an interesting privacy-focused coin that is preferred by many for mining because of its combination of anonymity protection and its commitment to remain resistant to ASIC mining. In fact, the Monero developers forked the coin in 2018 to keep it ASIC resistant, moving from the CryptoNightV5 protocol to […]
How to Mine Ethereum, Step by Step
The process of mining Ethereum is almost identical to the way bitcoin is mined, apart from the different mining algorithms that are used between Ethereum tokens (Ethash) and bitcoin tokens (SHA- 256). Both algorithms still reward the first miner that is able to solve the equation, which will then produce […]
The Top 7 Best Countries for Bitcoin Mining
Bitcoin mining is an integral part of the bitcoin ecosystem as it is the mechanism that secures the network. It also enables miners to receive block rewards in the form of new bitcoin for securing the network and confirming and processing transactions. The bitcoin mining reward currently stands at […]
Bitcoin Basics: What Is Mining Difficulty and Why Does It Matter?
One of the simplest laws of economics is the harder it is to do something, the more paying someone else to do it will cost you. This is why labor is one of the highest costs in any industry. This presents a strange problem for altcoins because as they become […]
What Is a Bitcoin Mining Pool?
Imagine, for a moment, you have been hired to destroy a shed and haul off the debris. You could strike out on your own with a sledgehammer and a crowbar, drag all that wood into the back of a truck, and drive it to the dump. Wouldn’t it be more […]
Building a Bitcoin Mining Business: The Ultimate List of Resources
Are you interested in bitcoin or altcoin mining? This article reveals how to develop your own mining business, with a look at Bitcoin mining profitability of the Antminer S7, the Avalon 741 and the Antminer S9. This article also discusses challenges facing investors interested in building a mining business, plus […]
The Quick-Start Guide to Bitcoin Cloud Mining
Cloud Mining offers investors an opportunity to participate in mining without owning the actual mining equipment. There are legitimate cloud mining companies and then there are scams and pyramid schemes. Make sure you are buying into a legitimate contract with a reputable firm. Two firms to consider cloud mining with […]