Which Bitcoin Mining Software to use – Which Bitcoin to buy

Which Bitcoin Mining Software to use – Which Bitcoin to buy

For you to link your bitcoin miners to the blockchain and to your bitcoin mining pool, if you are part of one, you need a bitcoin mining software even though bitcoin mining hardware handles the typical bitcoin mining process. If you are however engaged in bitcoin cloud mining, you do not require mining software. It is important to note that any bitcoin mining software that doesn’t support ASIC mining should be disregarded as only ASIC miners are a viable alternative for mining bitcoin. This article investigates the different bitcoin mining software, how to choose the right software for you and consequently how to buy bitcoin once you have everything set up.

Bitcoin wallets

Before we look at the bitcoin mining software, it is important to acquaint yourself with where you will keep your bitcoins once you’ve earned them and ensure they are secure. Some of the recommended bitcoin wallets include Ledger Nano S, which is compatible for all platforms; Electrum which works on Mac, Windows and Linux; Breadwallet, most popular for iOS; Mycelium, most popular wallet for Android among others.

Bitcoin mining software for Windows, Linux and Mac OS X

• Bitcoin miner

Can be used on Windows 10 and 8.1. It has a user-friendly software interface and has power saving mode as well as supporting mining pools and being very fast in share submissions. It has a great feature which helps you deduce if you are making a profit or not known as profits reports feature.

• Easy miner

It is GUI-based and supports both the getwork mining and stratum mining protocols. It can also execute both pool and solo mining. It acts as a wrapper for both CGMiner and BFGMiner software. Allows the easy setting up of graphical illustrations to allow easy visualization of your mining activity.

• BTCMiner

This miner allows you flexibility to choose the highest rate of frequency in valid hashes, a ready-to-use Bitsream requiring no licence or Xilinx software and it also has FPGA board supports that has USB interface in it to be used for programming and communication purposes.

• BFGMiner

This doesn’t focus on GPUs unlike the CGMiner as its explicitly designed for ASICs. It otherwise has identical features with the CGMiner. It also has unique abilities including: ADL device recording by PCI bus ID, free mesa/LLVM OpenCL mining, fan control and integrated overclocking.

• CGMiner

Arguably the most popular and common bitcoin mining software out there currently being used. Its origin can be traced back to the original code of CPU Miner. Its main features include CPU mining, remote interface capabilities, multi GPU support, fan speed control and self-detection of new blocks with a mini database which simply means it can detect new blocks easily.

• RPC Miner

This miner is compatible with Mac OS 10.6 or higher and can be integrated with Mac OS APIs and systems.

• BitMinter

This is up there when trying to connect with users and potential clients. Being a software belonging to a mining pool, you must register and fill in the pool sign-up form first. It also boasts good mining speeds coupled with long polling to ensure stale work is kept at a minimum.

From the above options, it’s important to ensure you research each one of them extensively, gathering enough information to enable you to make an informed decision on which one suits you and the hardware you have available.

Once you have everything set up, you can now proceed to buying bitcoin. The selling and/or buying of bitcoin is known as bitcoin exchange. With your bitcoin wallet as discussed above in place, you can proceed to use conventional payment methods such as use of bank transfer, debit cards or credit cards to buy bitcoin. Bitcoin can be bought via a digital currency exchange or broker such as Kraken, Bitstamp, Coinbase among others or you can buy them directly from other people using online marketplaces just like you would any other service or product.

With a wallet and marketplace of choice in place, you will need to first create your wallet normally through a third-party by going to the wallet provider’s site you have chosen and signing up. The information required is normally your name, email address and then you’re asked to set a password.

Secondly, having chosen your wallet you will be prompted to download the app. Then visit the previously picked exchange, register with it and go to its “buy” section. Here you will be required to select the amount of bitcoin you want to buy. Bitcoin, as is common knowledge, is quite expensive now so you can buy less than one bitcoin up to eight decimal points. You can thereafter complete the exchange via the wallet service once you have decided the amount of conventional money you are willing to invest.

Hopefully this article comes in handy when choosing your bitcoin mining software and when you thereafter look to buy some bitcoin. Remember you can always learn that much more by visiting authoritative sites on the same such as bitgale.com