For a beginner who wants to start mining Bitcoins online, one of the biggest challenge is that most sites contain information for advanced players or users. This is usually a setback for most beginners and therefore an easily understandable guide to mining Bitcoins online is very helpful. Mining online has become a very popular activity.
People go online to mine Bitcoins for different reasons, such as to exchange Bitcoins for cash or for gambling. Bitcoin gambling has become very popular and highly preferred to currency gambling especially in online gambling sites. Bitcoin Poker is played using Bitcoins. Most people playing this type of poker always mine online and use them during poker games or when gambling.
How to Get Started
The first thing that you need when mining online is to get A Bitcoin Wallet. Mining in this case should not be taken literally to mean the normal mineral mining. It just means playing for Bitcoins online. This is an internet based currency and therefore can only be used to trade or play online. Being internet based, you need a place where you can keep your Bitcoins while playing, gambling, trading or mining them.
It is advisable for a beginner who is interested in mining to download the client for their operating systems. This download is accessible from the organization website. Gambling has become a very popular online gambling activity. Bitcoins are easier to trade, mine and gamble as compared to currency and hence the increased their use in trading and gambling.
After downloading the Bitcoin client, you install it and download the blockchain. The blockchain can be ordered by mail. You must ensure you have your wallet address because you will use the address in mining Bitcoins. Bitcoin Poker has increased its popularity especially online because of such an application of Bitcoin Wallet.
Securing Your Bitcoin Wallet
The next thing for beginners to note is that you must ensure that your Bitcoin Wallet is secure. If it is not then you will lose your Bitcoins. The saddest part about losing Bitcoins is that they will not go to someone else; they will disappear forever after struggling to mine them. Once you have a wallet and a client you are practically ready to mine Bitcoins online.
For beginners, it is important to note that if you really want to make serious Bitcoins online for say Bitcoin Gambling then you have to join a pool. A pool is a group that combines all their strengths and computing knowledge and power to make more Bitcoins. The main reason why you shouldn’t do it alone is because Bitcoins are awarded in blocks. Being in a pool increases your chance of earning Bitcoins which you can use to play Bitcoin Poker.
If you are in a pool, all your combined work will make you more likely to earn more Bitcoins that are spread out throughout the pool based on contributions of all the pool members. Basically, the theory behind a pool is to help you make more Bitcoins and receive good returns for your investment.
Bitcoin gambling online has benefited from such pools. Most of the mining programs online are a bit complicated for average users. Bitcoin Poker players have their own pools to get Bitcoins for playing poker.
There are sites that will pay you for your activity. CoinChat is perhaps the best known site in this category. It pays users a few milli-Bitcoins for chatting on their site. These are random and controlled by an algorithm that takes into account your activity and how well you are contributing to the discussions at hand.
Another way in which a lot of Bitcoin enthusiasts earn some Bitcoin is by selling their forum signatures at Bitcointalk forums. There are a good number of advertisers who are willing to do this, and for the socially active member who values interaction through this forum (it is the same forum through which Satoshi Nakamoto introduced Bitcoin to the world), selling signatures can be lucrative.