{"id":176,"date":"2022-08-26T12:00:00","date_gmt":"2022-08-26T12:00:00","guid":{"rendered":"http:\/\/netchunk.com\/en\/blog\/?p=176"},"modified":"2022-06-16T12:25:00","modified_gmt":"2022-06-16T12:25:00","slug":"how-can-you-start-mining-cryptocurrencies-including-bitcoin","status":"publish","type":"post","link":"https:\/\/netchunk.com\/en\/blog\/cryptocurrency\/how-can-you-start-mining-cryptocurrencies-including-bitcoin\/","title":{"rendered":"How Can You Start Mining Cryptocurrencies (Including Bitcoin)"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">It doesn\u2019t take long to start being curious about mining Bitcoin or other cryptocurrencies when you start learning the topic and it\u2019s normal because we all want to get the <strong>benefits and the value<\/strong> cryptocurrencies can give us.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Digital Gold Rush<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-images-1.medium.com\/max\/2600\/1*f3l14Oy54jxLz8uVCmf-GA.jpeg\" alt=\"\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Actually, the cryptocurrency industry doesn\u2019t have anything against people like you who want to start their mining journey but don\u2019t possess a lot of knowledge about <strong>cryptocurrency mining.<\/strong><br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They need people like you because it is a big part of maintaining the <strong>ecosystems of all crypto<\/strong> coins and currencies.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You probably have a lot of questions starting with <strong>\u201chow\u201d<\/strong> about mining cryptocurrency, and you need some answers.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So you should take your time and read this blog post to find those <strong>answers.<\/strong><br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is essential before your mining journey because you need to understand it, and you have to understand <strong>how to do it.<\/strong><br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The hows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>How does it work?<\/li><li>How can you mine? <\/li><li>How can you mine more?<\/li><li>How to make it profitable?<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>There Are Two Roads To Take<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/usethebitcoin.com\/wp-content\/uploads\/2019\/05\/crypto-mining-770x373.jpg\" alt=\"\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Just like back in the days when people were mining actual gold, they needed some <strong>equipment<\/strong> to build a mine or equipment to actually mine the gold.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So do you need equipment in the years we live in, to mine <strong>Bitcoin or other cryptocurrencies<\/strong> you wish to obtain?<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And The equipment we need today is hardware that is going to mine the virtual gold for us. Yes, you won\u2019t have to mine it yourself physically.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Talking about hardware and the two roads you can take &#8211; there are <strong>two options<\/strong> you can choose if you want to start mining.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Choose Wisely<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lanuevafm.net\/es\/wp-content\/uploads\/2018\/03\/shutterstock_691346062-825x510.jpg\" alt=\"\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Option A<\/strong> which may look like the most comfortable one is to <strong>build<\/strong>, buy or use your own hardware for mining.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Option B<\/strong> is <strong>renting<\/strong> your mining equipment or hardware.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not renting the hardware like going to a store and taking it home with you, but renting it remotely <strong>(Cloud Mining).<\/strong><br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You usually rent your mining hardware from an already founded company offering <strong>\u201ccloud mining\u201d contracts.<\/strong><br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now I want to ask <strong>you <\/strong>a question. <br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What do you think, <\/strong>which option is easier and more comfortable?<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since I don\u2019t have the ability to know what you answered, I\u2019m going to say that <strong>option B<\/strong> is more comfortable than <strong>option A<\/strong>, simply because remote renting is <strong>easy<\/strong> and you have fewer things to worry about. We will come back to why it\u2019s easy &#8211;<strong> a bit later.<\/strong><br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Absolutely<strong> option A <\/strong>is still an option and you can go that way, but let me explain why I wouldn\u2019t choose to go down that road.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Cons of Using Your Own Hardware<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When you decide to build or use your own cryptocurrency mining hardware there are risks to be taken a look at, and there is research to be done.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also, there are noticeable costs that come with both building and using your own hardware.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To mine effectively, you\u2019ll need <strong>a lot of energy<\/strong> and as far as we know &#8211; it costs money unless we have a bunch of solar panels and wind turbines.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And why not use cloud mining if there are huge farms of hardware you can rent and there are people specialized in keeping them working so you have less to worry about.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Maybe you\u2019re interested in knowing more about \u201ccloud mining\u201d before you start actually considering it as an option for your cryptocurrency mining journey?<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cloud Mining Isn\u2019t Mining Clouds<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn-images-1.medium.com\/max\/1200\/1*DYqpSUig13mdEJan_2ZvHg.jpeg\" alt=\"\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Long story short, <strong>remotely renting mining hardware<\/strong> is what Cloud Mining really is.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Actually, you\u2019re renting the <strong>hash rates<\/strong> of those cloud mining machines from a set-up cryptocurrency mining operation.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They do the work you would also have to do if you built and used your own mining hardware.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Which is:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>building and having the hardware (obviously)<\/li><li>maintaining it, so it can work properly<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You might wonder &#8211; what do the cloud contracts look like?<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The answer is simple, these cloud contracts can vary in length &amp; conditions and <strong>you can choose<\/strong> those conditions and also the length of the contracts.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There is a number of companies offering cloud mining contracts and thanks to them we have an easy, also quick way to start our cryptocurrency mining journey without learning how to build a great mining rig.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Some of the companies recommended:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Honeyminer.<\/strong> It is a relatively new cloud mining platform but still, it is worth noting because of the simplicity and how easy it is to use Honeyminer. Other mining programs have complex configurations that are made for more advanced miners. Honeyminer is really recommended for beginners.<\/li><li><strong>Genesis Mining. <\/strong>They are on this list of recommendations because Genesis Mining lets you mine pretty much any cryptocurrency, and of course, they are the leading company in this cloud mining industry. Honestly, they are so popular in the market of cloud contracts, that often they don\u2019t have contracts to offer and when there is a chance to buy contracts from them, people buy them real fast.<\/li><li><strong>NiceHash. <\/strong>It is unique from other cloud mining companies because apart from buying cloud contracts, you can also sell them. Basically, you can sell some hashing\/mining power if you have unused computing power that you want to make use of.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Enough of cloud mining, for now, there are some things to know about <strong>building your own mining rig.<\/strong><br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>In Case You Don\u2019t Want To Rent<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s say you want to build your own mining rig and you\u2019re ready to research how to do it.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, if you\u2019re that special practical person, here\u2019s a list of sites that will help to construct your rig:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Howtomine &#8211; Here you\u2019ll find articles about building your own rig with detailed walkthroughs and many helpful pictures.<\/li><li><a href=\"http:\/\/www.youtube.com\/\">Youtube<\/a> &#8211; You can always find videos on YouTube that will educate you.<\/li><li><a href=\"http:\/\/www.amazon.com\/\">Amazon<\/a> &#8211; However, if you are already looking for parts so you can build your mining rig &#8211; Amazon might help you.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Alright, that would be enough for the<strong> start<\/strong> of your journey and I would like to know if you found the answers you were looking for, so comment below.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To conclude, I wish you a <strong>safe and profitable<\/strong> cryptocurrency mining journey despite what you choose &#8211; cloud mining or your own rig.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It doesn\u2019t take long to start being curious about mining Bitcoin or other cryptocurrencies when you start learning the topic and it\u2019s normal because we all want to get the benefits and the value cryptocurrencies can give us. Digital Gold Rush Actually, the cryptocurrency industry doesn\u2019t have anything against people like you who want to [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Can You Start Mining Cryptocurrencies (Including Bitcoin) - NetChunk Blog<\/title>\n<meta name=\"description\" content=\"In this article, you will learn how to start mining Cryptocurrencies including Bitcoin from scratch, which will change your life for good.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/netchunk.com\/en\/blog\/cryptocurrency\/how-can-you-start-mining-cryptocurrencies-including-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Can You Start Mining Cryptocurrencies (Including Bitcoin) - 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