How To Start Bitcoin Mining in 2020 – Are you looking for a comprehensive beginner to advance guide on how to start BTC mining in 2020, or you are searching for the best method to start your own bitcoin mining this year? Our top comprehensive guide on how to start bitcoin mining in 2020 will teach you all it takes to start your own mining system or invest in an existing mining system.
Table of Contents
- 1 What is Bitcoin?
- 2 How To Start Bitcoin Mining in 2020 – Top Beginner to Advance Guide
- 3 What is Bitcoin Mining?
- 4 How Does Bitcoin Mining Works? What are the things miners do?
- 5 Equipment Needed to Mine
- 6 How Much Can I Make Mining Bitcoin in 2020?
- 7 Is it Still Profitable To Invest In Bitcoin Mining in 2020?
- 8 Trusted Legal Bitcoin Mining Investment Company in 2020
- 9 Introducing Blue Capital Investment Company
- 10 How To Get Started With Bitcoin Mining Investment Online?
- 11 How Much Can I Make Investing With a Bitcoin Mining Investment Company in 2020?
- 12 How Do You Get Paid If You Invest in Bitcoin Mining Company 2020?
- 13 Get Free $100 To Start Your Bitcoin Mining Investment 2020
What is Bitcoin?
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin is a digital currency created in January 2009 following the housing market crash.
Bitcoin is used just as you use fiat currency only that it is not controlled by the government but rather blockchain communities using certain computer and mathematical process to confirm transactions.
How To Start Bitcoin Mining in 2020 – Top Beginner to Advance Guide
To get started with Bitcoin mining, you will have to understand what Bitcoin Mining is and how BTC mining really works.
What is Bitcoin Mining?
Bitcoin mining is the backbone of the Bitcoin network. Miners provide security and confirm Bitcoin transactions. Without Bitcoin miners, the network would be attacked and dysfunctional.
Bitcoin mining is known as the process by which new bitcoins are entered into circulation. Bitcoin mining is done by specialized computers.
The role of miners is to secure the network and to process every Bitcoin transaction. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin’s famous “blockchain”).
For this service, miners are rewarded with newly-created Bitcoins and transaction fees.
Cryptocurrency mining is painstaking, costly and only sporadically rewarding. Nonetheless, mining has a magnetic appeal for many investors interested in cryptocurrency because of the fact that miners are rewarded for their work with crypto tokens. This may be because entrepreneurial types see mining as pennies from heaven, like California gold prospectors in 1849. And if you are technologically inclined, why not do it?
This takes us to the question again; how to start bitcoin mining in 2020?
How Does Bitcoin Mining Works? What are the things miners do?
Equipment Needed to Mine
Although early on in bitcoin’s history individuals may have been able to compete for blocks with a regular at-home computer, this is no longer the case. The reason for this is that the difficulty of mining bitcoin changes over time. In order to ensure smooth functioning of the blockchain and its ability to process and verify transaction, the Bitcoin network aims to have one block produced every 10 minutes or so. However, if there are one million mining rigs competing to solve the hash problem, they’ll likely reach a solution faster than a scenario in which 10 mining rigs are working on the same problem. For that reason, Bitcoin is designed to evaluate and adjust the difficulty of mining every 2,016 blocks, or roughly every two weeks. When there is more computing power collectively working to mine for bitcoin, the difficulty level of mining increases in order to keep block production at a stable rate. Less computing power means the difficulty level decreases. To get a sense of just how much computing power is involved, when Bitcoin launched in 2009 the initial difficulty level was one. As of Nov. 2019, it is more than 13 trillion.
All of this is to say that, in order to mine competitively, miners must now invest in powerful computer equipment like a GPU (graphics processing unit) or, more realistically, an application-specific integrated circuit (ASIC). These can run from $500 to the tens of thousands. Some miners—particularly Ethereum miners—buy individual graphics cards (GPUs) as a low-cost way to cobble together mining operations. The photo below is a makeshift, home-made mining machine. The graphics cards are those rectangular blocks with whirring circles. Note the sandwich twist-ties holding the graphics cards to the metal pole. This is probably not the most efficient way to mine, and as you can guess, many miners are in it as much for the fun and challenge as for the money.
How Much Can I Make Mining Bitcoin in 2020?
As of the time of writing, the reward for completing a block is 12.5 Bitcoin. In August of 2020, the price of Bitcoin was about $11,699 per bitcoin, which means you’d earn $146,237.5 (11699 x 12.5) for completing a block.
But how easy it is to complete a Bitcoin block?
Actually want to try mining bitcoins? Well, you can do it. However, it’s not profitable for most people as mining is a highly specialized industry. Most Bitcoin mining is done in large warehouses where there is cheap electricity.
Below is what a bitcoin mining warehouse looks like:
If you don’t have the large money and investment to buy all these necessary equipment and machines to start your bitcoin mining in 2020 then you are advised to join a bitcoin mining pool by investing in a Trusted Bitcoin Investment Company Online, but before we talk about that, let’s calculate if it is still profitable to mine bitcoin in 2020?
Is it Still Profitable To Invest In Bitcoin Mining in 2020?
Bitcoin mining is the process of earning bitcoin in exchange for running the verification process to validate bitcoin transactions. These transactions provide security for the Bitcoin network which in turn compensates miners by giving them bitcoins. Miners can profit if the price of bitcoins exceeds the cost to mine. With recent changes in technology and the creation of professional mining centers with enormous computing power, as well as the shifting price of bitcoin itself, many individual miners are asking themselves, is bitcoin mining still profitable?
The answer to that question depend on who you are asking, if you are asking an individual with not enough capital to get necessary and required softwares and machines to start bitcoin mining then, the answer is NO! It is not profitable to mine bitcoin in 2020, but if you are asking an experienced Bitcoin mining investment company with the technical know how, the right technologies, softwares and machines then YES, it is profitable to start bitcoin mining in 2020.
Note: Due to the increment in bitcoin mining competition, it is not a good investment to start bitcoin mining in 2020, so to mine your own bitcoin, you will have to join a bitcoin mining pool through a trusted and legal investment company.
Trusted Legal Bitcoin Mining Investment Company in 2020
Bitcoin Investment company are the ones who invest in the powerful and sophisticated Bitcoin mining software and machine. They allow investors who are interested in mining bitcoin to create an account with them, deposit and invest then make money from their investment depending on the investment plan they choose.
Introducing Blue Capital Investment Company
Blue Capital Investment Platform is an experienced and legally registered company in the field of fiduciary management and long-term investments. We are a group of skilled financial professionals having a high level of knowledge and long-term practice in the investment field. We have been working as a private fund for several years. Now we have opened our online project offering our projects worldwide. Our company name – “Blue Investment Management LTD” and the company registration number – “8906800” (View Incorporation Certificate with Company House).
How To Get Started With Bitcoin Mining Investment Online?
Getting started with our crypto mining investment in 2020 is very simple and quick same as withdrawing your fund after investment. Follow this 3 simple steps to start earning bitcoin with our investment platform:
- Register: Create an account with us.
- Deposit & Invest: Make a deposit into your account and invest on your desired investment plan.
- Withdraw: Withdraw your earnings to your local bitcoin wallet and convert to fiat cash with an exchanger.
How Much Can I Make Investing With a Bitcoin Mining Investment Company in 2020?
How much you can make depends on the bitcoin mining investment plan you choose. Below are the list of investment plans by Blue Capital Investment Company. We have 8 investment plans and they are as follow:
- Trial: 50% ROI* Weekly for 4 Weeks
- Basic: 65% ROI Weekly for 4 Weeks
- Enthusiast: 75% ROI Weekly for 4 Weeks
- Professional: 85% ROI Weekly for 4 Weeks
- Veteran: 95% ROI Weekly for 4 Weeks
- Master: 105% ROI Weekly for 4 Weeks
- Ultimate: 150% ROI Weekly for 4 Weeks
- UltraPro: 200% ROI Weekly for 4 Weeks
Every plans has a minimum and maximum amounts you can invest in them. Let us know how much you are investing so we can tell you which plan you fall into and how much return on investment will you get. You can as well check the calculation on our homepage.
*ROI – Return on investment.
How Do You Get Paid If You Invest in Bitcoin Mining Company 2020?
Once you’ve invested in our bitcoin mining company, your investment start running immediately and your earnings will be reflecting in your account weekly depending on the investment plan you choose.
To withdraw your bitcoin investment earnings on our platform, you need a bank account or bitcoin wallet, we wrote an article on how you can withdraw your bitcoin earnings with our cryptocurrecy investment company. You can read the article here: How To Withdraw Your Earning on Our Bitcoin Investment Website.
Once you request for your payment, you get paid instantly if you use our automatic bitcoin withdrawal method. You may have to wait for 3 days processing period if you use the Bank withdrawal method.
Get Free $100 To Start Your Bitcoin Mining Investment 2020
Are you interested in starting your bitcoin mining investment? You can register on our platform at bluecapitalinvest.com, once you register, you’ll get $100 free once you complete your registration. You can use this $100 to add to your other investment plans to get started with.
If you are confused and have any questions about how to start bitcoin mining in 2020, feel free to comment below or send us a mail at [email protected]
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- How To Withdraw Your Profit on Our Trusted Bitcoin Investment Website
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