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How to mine bitcoin alone and for free? See our step by step!

How to mine bitcoins alone? Before starting the mining process, it is important to understand how it works. After all, not just any computer will be able to perform this procedure.

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Ask your questions and learn how to mine bitcoin on your PC: see how to profit from this investment

bitcoins crescendo em plantação - como minerar bitcoin sozinho
Find out what it takes to start mining bitcoin for free. Source: Pexels.

The process of how to mine bitcoin yourself is complex. Anyway, even though anyone can carry out this procedure, it is necessary to have a powerful and efficient computer. 

Furthermore, as anyone can perform the procedure, there is a lot of competition. This means that it will not be so easy to achieve profit. In theory, the process of how to mine bitcoin alone can be done with any computer. 

However, for the results to be better, it is necessary to have the help of a machine with high processing capacity. The mining process can be called competitive! For this reason, it is important to understand how it works. 

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How does bitcoin mining work?

bitcoins sobre dois notebooks - como minerar bitcoin sozinho
When mining together with other people (mining pool) it is necessary to share the profits. Source: Pexels.

As previously mentioned, anyone can carry out the mining process. But only a personal computer, for example, has a low processing capacity to mine. 

And, as most crypto assets have a trial-and-error validation system, it is almost impossible to use a personal computer for the process. So, to start the process of how to mine bitcoins alone, it is important to invest in a powerful machine.

The mining process is like a competition: people who have powerful machines achieve the best results. So, even if it is possible to create a small operation, it will be difficult to mine with it and make good profits. 

Furthermore, it is important to highlight energy consumption, which will be higher during the mining period. The reason this happens is this: mining requires enormous computing power. 

If you want to get around this problem, an excellent alternative is to join a mining pool. In other words, working with other people who carry out the mining process, but it is necessary to share the profit. 

What you need to know to mine bitcoin alone and without paying anything: a step by step guide

como minerar bitcoin sozinho
Step by step to mine bitcoin alone. Source: Canva.

First of all, to start the process of how to mine bitcoins alone, you need to invest in a powerful machine. As it is a “competition”, it is important to have a processor with a lot of power. 

Furthermore, machines work all day long, so living in an environment where energy consumption is low helps. In Brazil, electricity consumption is high, but in other places in the world this may not be a problem. 

If you want to mine bitcoins Portugal, the same tips mentioned above are valid. Finally, take these tips into consideration: invest in a powerful machine with high processing power. 

Some people also choose to follow the process of how to mine on PC in a region with a cold climate. This way, it is possible to prevent mining equipment from overheating. 

Furthermore, when living in a region with a predominantly cold climate, it is possible to avoid extra expenses, such as refrigerators. However, these are not the only tips for creating mining equipment, see more information. 

1. Have the necessary equipment 

Before starting the process of how to mine bitcoin for free, it is essential to invest in the necessary equipment. A few years ago, when this process gained momentum around the world, all it took was a powerful computer and video cards. 

However, today it is not possible to mine with just these two pieces of equipment. Even if it is possible to profit from just that, but it will only be a small fraction that, in the end, will not be worth it. 

It is also an excellent idea to invest in equipment known as ASICMiner, a piece of hardware aimed at mining cryptocurrencies. After all, in addition to being equipment designed for this type of situation, it consumes less electricity. 

This type of equipment is expensive, found in Brazil in the range of R $10 thousand. Furthermore, the international versions are also quite expensive, with prices starting at US $10 thousand and US $15 thousand. 

2. Choose a bitcoin wallet

Once you have invested in all the necessary equipment, you need to find a virtual wallet to store all your earnings and carry out transactions. With this tool, you can manage your Bitcoin addresses. 

While public keys can be recognized by anyone, wallets with private keys must be kept by investors. Finally, it works with a security password, which must be kept by the owner to access the information. 

Currently, there are several bitcoin wallet options, all with their own characteristics and advantages. It is important to say that they all use a hardware system to keep them safe. 

3. Best mining programs

Once you have all the equipment and a wallet, it's time to choose mining software. Finally, in addition to finding an option that allows good connectivity, look for an alternative that shows the returns obtained. 

There are several programs that provide a list of average yields, as well as statistics on mining. So, to start the process of how to mine bitcoin, see the best mining programs. 

  • CGMiner: This program is based on a single command line, in addition to having features that control the cooling fans, monitoring performance and usability. 
  • EasyMiner: If you are starting out in the world of mining, an excellent program is EasyMiner. Through the platform, you can customize what you want to work on individually. 
  • BFGMiner: This program is famous for its customization, compatible with FPGA/ASIC hardware. Even though the interface is a little flashy, it has focus and allows you to make small adjustments to its use. 

Is it worth mining bitcoin alone?

Now that you know how to mine bitcoin yourself, you're probably wondering: is it worth it? The answer to that is: it depends. 

If you have all the necessary equipment to carry out the mining procedure, it is worth it. However, if he does not have access or can invest in the equipment, he will not have great returns. 

Furthermore, even if it seems like a positive option, it is necessary to take into account the current state of the currency, which is not good. 

Anyway, before starting the mining process, it's worth knowing more about the market. 

Finally, find out which are considered the most promising cryptocurrencies in 2022!

Mulher usando computador com gráficos

What are the most promising cryptocurrencies in 2022?

Every investor needs to know: which are the most promising cryptocurrencies in 2022. Find out right now and have the chance to achieve the desired profit!

About the author  /  Aline Augusto

My name is Aline Mesquita, I'm a writer here on the blog, where I write about finance in general, as well as other topics. I have been working with content creation for 10 years, with a postgraduate degree in Project Management, with expertise in SEO practices, in addition to studying finance, market trends and cryptocurrencies.

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