How to mine bitcoin on your computer and make money?

😛 Mining bitcoin on your computer, Ah!

You must certainly miss the days when it cost nothing to mine bitcoin. You could do it with a simple computer and you could earn hundreds of bitcoins per week. No need to tell you how much it's worth today. Moreover, most of today's bitcoin millionaires were former miners, period.

Now, as you know, it is a little more complicated or even impossible today to mine with your computer. The only way is to have suitable equipment. If you can afford to purchase the required equipment, this is no longer really a problem for you. You can also read, the best ASIC bitcoin miners.

So, basically, remember that you can't really make money if you're looking to mine bitcoin with your computer.

But, then why did I choose this title you ask me? Well, that's because it is still possible today to mine other cryptocurrencies with your computer and then convert them into bitcoin.

Indeed, it is not because you do not have a ASIC miner expensive that you cannot “mine” with an average computer to get cryptocurrencies. Here are four options for easily mining cryptocurrencies with your computer.

1/ The first option: Mining Monero with MinerGate

MinerGate mining bitcoin with your computer

Monero is a particularly interesting alternative to Bitcoin. Unlike Bitcoin, where each transaction is public on the blockchain, Monero like Zcash allows anonymity. Of course, from an ethical point of view, we can still question the anonymity of transactions. That said, for people who live in countries where cryptocurrencies are banned, this is a real advantage.

Monero has an interesting feature that allows mining via a CPU to always be competitive, regardless of the size of its network. In fact, it is possible to mine Monero on any computer. Yes, any one.

To do this, you can use the software Minergate.

Minergate is an easy-to-use site that many people use to mine Monero and even other cryptocurrencies.

How to mine Monero with Minergate:

Create an account on the Minergate website.
Download the software
Choose the Monero to mine.
You will see the lights will be green, which means you are currently mining Monero.

You can choose other cryptos, but Monero (XMR) remains the most profitable currently.

How much Monero will you earn? As with all things mining, this will depend on your equipment, but if you have an average processor you can earn a reasonable income as long as your computer stays on. Every month or so, you can withdraw your winnings and exchange them for Bitcoin. To exchange them, you can go to Changelly or even on Binance.

Since Monero tends to rise, it would also be wise to keep your Monero warm.

2/ The second option: Mine EASILY with Honeyminer

This is certainly the easiest option as the interface is simple. As with MinerGate, you will need to download the software HoneyMiner.

Automatically, the software will mine the most profitable cryptocurrencies of the moment. Thus, every day, the mined cryptocurrencies are automatically converted into bitcoin. So you don't have to do tedious research to find out which would be the best cryptocurrency to mine. In this case, you download the software and you don't have to do anything.

How much can you expect to earn? There is a profit calculator on the site. So, before you even start, you can see whether or not it’s worth getting started. But, since it doesn't cost you anything, it would still be worth a try.

The other important question is to ask yourself if your computer will become expensive from mining. No, tell yourself that it was calculated for and that is also why the profits are lower. All so as not to overheat your processor.

In fact, if you keep those bitcoins, in a few years you will be glad you tried.

3/The third option: Mining Zcash / Eth with GPUs

This method is slightly more restrictive than the previous two. Indeed, not everyone has a suitable AMD or Nvidia graphics processor. So, I'm not going to go into too much detail about this method.
Personally, with this option, I mine Zcash because it's a cryptocurrency that I love and in which I believe a lot. I used to trade it for bitcoin and other cryptocurrencies. But, lately, I've been keeping my Zcash carefully. In fact, I also use MinerGate to mine Zcash. This is once again – for me – the simplest – because I already mine Monero with it.

4/ The fourth option: Use Storj to mine in the cloud

This method is quite interesting and innovative. The idea here is to distribute file storage across the blockchain, like Bitcoin/Ethereum does for computing power. Thus, it is possible to use additional disk space to “mine” and host files on decentralized storage networks such as Storj or Filecoin. Basically, in my case, I mine Storj with my hard drive. (Sia is also very interesting as a cryptocurrency).
Apparently, Google has already invested in the Storj program. With Mac, it's very easy to install Storj and start it. For Windows, it's just a little longer but not complicated.

How to get started in Storj:

Click the “Rent Your Drive” button and follow the steps to download.
The first step after opening is to enter your Ethereum address (ERC20). If you don't know how to do it, read our article here.
Enter this address in step 1 of Storj, then continue to the next step and choose a folder to host your rented HD space.
Follow the steps and default configuration. It should work without issue for most Mac users in any case.
If you have a Windows, you need to do two additional things. 1. Synchronize your time clock with the nearest server, as described in section 3.1 of the Storj guide. Afterwards, you need to make sure that you have chosen an open port, as described in section 3.3.2 of the guide.

It will take weeks to fill all your space, but a few GB of rented space can still generate significant profits.

Conclusion on mining bitcoin with your computer

I am aware that some of these methods may confuse you (especially the last one). That said, realize that this is not going to make you a millionaire at first. It can simply help you start mining easily, without much technical hassle.

Plus, it allows you to easily earn cryptocurrencies without actually doing anything. Plus, if you are convinced that cryptocurrencies will explode in the future, then this is a great way to get started. You'll thank yourself later for taking the plunge and having cryptocurrencies.

When mass adoption becomes real, the smallest fractions of bitcoin or cryptocurrencies you have will turn into gold (much more in fact!).

Otherwise, know that you can still mine cryptocurrencies via cloud mining, with Genesis mining For example. That is, rent the power of a computer that is located on a mining farm. This is perhaps an equally interesting option and very easy to implement.

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