What is Bitcoin Mining?Put simply: Bitcoin mining refers to a process in which new bitcoin is generated by solving a complex math puzzle. All recent transactions are compiled into blocks and miners can solve the latest block that has a data of complex puzzle by using a special software, program and computer resources. Any enthusiast entrant can solve the math puzzle but whosoever solves it first can place the next block onto a public ledger, otherwise known as the blockchain and is entitled to a reward. Bitcoins are rewarded to those miners who have validated the latest mathematical problem. Mining can be easy until computational power is employed. When more computational power acts in the medium, the complexity of solving the math puzzle increases. It can be adjusted with a protocol for every 2016 blocks or fortnightly (two weeks). In the early days of Bitcoin, CPUs from personal computers were used for bitcoin mining. As Bitcoin mining progressed, miners started using Graphic Processing Units (GPUs) and found that these are very effective. In the advent of - Application-Specific Integrated Circuit ASIC in 2013, a powerful hardware that uses minimal energy during mining process took the place of the existing hardware. To generate revenue with bitcoin mining, choose the right software that solves algorithms and supports the ASIC hardware. Some of the best bitcoin mining software is listed below.
Best Bitcoin Mining Software List