The bitcoin miner is considered one of the new frontiers to make money in today’s world. While it might sound strange to you, there is a parallel to consider.
Remember the dotcom boom of the 1990s? Yeah, that was the way it was viewed back then. Out of that era emerged Facebook, Google, Amazon, and so many others that drive the World Wide Web. So, what is new?
Cryptocurrencies have earned a placed in the global economic scene in the last two years. The market capitalization surged to more than $200 billion at some point, so that the world could not but take notice. Bitcoin has been the leading light in this market, accounting for more than 50 percent of the market share.
Bitcoin Price History
Bitcoin hit the global front row 10 years ago and it was largely unsung. While many people viewed bitcoin with derision, the story is different today. Bitcoin listed in July 2008 at $0.008 and surged to $0.125 in October 2010. By April 2011, bitcoin price hit $1.00, it rose further to $31 by July 2011[1].
By the time BTC crossed the $5,000 mark in 2017, the world took note and many people started making enquiries. So, from buying the coin to make a profit from a price surge, investors also considered the mining option. With bitcoin mining, you can also make money without investing a dime.
So, how does this work?
Bitcoin is created when mathematical difficulties are resolved following the laid-down processes in the algorithm. By linking your computer to a bitcoin mining solution, you will become a bitcoin miner and you do not have to actively do anything thereafter.
Mining Hardware
There are many options to use to be able to mine bitcoin. You can decide to buy a mining gadget and go it all alone. This will mean that you need to buy the equipment and get it installed. There are different machines with price starting from $100 to as high as $2,000 or more.
The rise of ASIC machines has also made it easier for owners of huge bitcoin mining farms to churn out or mine more bitcoin. However, ASIC machines are far more costly to be afforded by all and sundry. So, this is the major hindrance to entrance into ASIC mining.
A Mining Pool
You can also decide to join a bitcoin mining pool, which might require that you pay a joining fee. You will be required to download the mining script to your PC. So, when you sign up to this option, everyone in the pool gets to share the benefit for every bitcoin mined.
You will get a share of the profit that is proportional to the input you have provided.
The inputs here include the speed and pace of your PC as well as deposits you have provided to boost the pool. What is obvious in bitcoin mining is that the contribution of everyone in the pool is easy to determine.
The computational power provided by your PC is measurable, and if you have more PCs connected to your mining ID, this will be easy to spot in the pool.
The Bitcoin Miner
Dan Manson and bitcoin miner solution provides an easy route to becoming a bitcoin miner. You will need to follow simple processes to use the bitcoin miner solution.
Registration
The registration process is easy. You need to provide your name and email address to sign up. This is completed on page one. After you hit submit, page two opens and here, you need to provide your password and phone number before you hit submit.
Next step here is the confirmation of your phone number, which has to be unique and correct to be validated. The registration panel will automatically verify if your phone number is correct. If it is, the bitcoin miner account panel will open up on your browser.
Activation
Depending on where you live, you need to activate your account to be able to use the bitcoin miner. The minimum refundable deposit is $250, and the maximum is $7,000. The essence of the deposit is to activate your platform and give you access to the bitcoin mining URL.
After making your deposit, you will be able to download your bitcoin miner code to your PC.
Bitcoin Miner Layout
This is the layout of your bitcoin mining account and to the top left of your dashboard, you will be able to view your mining history, mining process and the mining room.
The top-left navigation in your bitcoin miner dashboard
When you click on the Back to Mining Room, you will see the following page displayed on the top screen.
Underneath the top screen is this display board:
You are able to view the balance of your account, as well as any profits you have as of the time of the snapshot. To get your bitcoin miner working at the background, you need to switch on the control knob, which is the ‘start mining ‘button.
By the time you click on the knob, this will pop up:
The image above shows that you are yet to make your deposit. So, go ahead and make your deposit. However, if you have, you will be able to see the progress you are making in your mining.
Making A Withdrawal
To make a withdrawal, you need to have amassed at least 50 euros in your mining account. If you have this minimum balance, you can click on the withdrawal button in your account dashboard.
After you click on the withdrawal dashboard, you will be redirected to this page:
The withdrawal page shows the recipient account details as presented below:
Just after the bank account section, you will be able to click and submit your withdrawal request:
Read Next: CALIFORNIA APPROVES BITCOIN AS LEGAL CURRENCY
Conclusion
Using the bitcoin mining pool option is surely the more affordable option for bitcoin mining. With the entry fees pegged at $250, you can be sure that you are not paying too much money to have a stake in the cryptocurrency money making scene.
Where To Find?
For more details, please go Official WebSite
