If you are reading this article, it means you heard about Bitcoin and Blockchain technologies. You may see everyone talking about Bitcoin online and no person who is clearly aware of it in nearby you.
Bitcoin is a decentralized virtual currency created from the Blockchain method. It uses blocks to generate a transaction virtually and it stores on every computer connected to Blockchain. It means if you installed a mining tool on your PC, then you are connected to the Blockchain network.
So the question comes to mind. How a miner generates a piece of Bitcoin when he contributes his/her computational power to the Blockchain network.
All we know Bitcoin works on a Blockchain technology that works as a peer-to-peer network. It is an immutable chain of transactions as it uses a strict verification process, and cryptography techniques to make it secure. If a miner entered the pool of Blockchain network, he/she will contribute the computer power to solve the transaction algorithms to verify a transaction on the network.
Best Mining Tools For Windows, Mac, And Linux
- Multiminer: Best for beginners
- EasyMiner: Easy to use GUI
- CGMiner: Best for ease of use
- MinePeon: Hassle-free use
- Hashr8: Best for Linux users
Here is how it works:
Person A sent 1BTC to Person B on a Blockchain, the entire network of the public Blockchain can access the transaction and verify the process the computational power is required to solve the complex algorithm. When you solve a transaction algorithm, you will be rewarded by the chunks of Bitcoin depends on the transaction value.
Once your system creates a successful hash of a transaction, you will receive some reward in the form of Bitcoin. However, you should also take into account that, you need a great computational power to generate a good amount of reward.
Considering the present situation, the mining process can be done in two ways. One is Cloud mining and personal or traditional mining.
What is Cloud Mining?
In Cloud mining, people don’t need personal hardware for the mining of Bitcoins. The hardware is located in a remote data center managed by the professionals who give permission to use the allocated hardware resources by paying the monthly rent.
What is traditional mining?
Traditional mining or personal mining is a common process of generating Bitcoins by contributing his/her own computing power to solve the transactional algorithms. It involves your personal PC or laptop with mining software. These days are most cryptocurrency developing days and many people are interested in the coins. If you are a Bitcoin buyer, this article will help you a lot.
Once you select the type mining process for Bitcoin mining, here we suggest the best cloud and traditional mining software for Windows, Mac, and Linux.
Best Bitcoin Mining Tools For 2020
1. Multiminer
Multiminer is a user-friendly mining tool if you are a beginner. Cryptocurrency is a highly volatile platform and you need a stable working miner to enter into the mining. Multiminer has many advantages, it has GUI for easy understanding of the Setup and process unlike the command line based miners.
The best part of the tool is switching between cryptos and also mining devices. For example, you can switch between ASIC’s to FPGA’s within the program and also switch possible between Bitcoin to other cryptos like Etherium, Litton etc.
Also, it is an open-source project and is compatible with many mining devices. The application is available for Windows, macOS, and Linux platforms.
2. EasyMiner
EasyMiner is a graphically rich and easy to understand mining tool. The service supports a wide variety of cryptocurrencies to mine. The program supports cudaminer, ccminer, cgminer, minerd, and ASIC mining support for Bitcoin. The solo mode in the program lets the user choose a pool of their own to mine their favourite coin. It has military-grade security to avoid hacking and stealing of the cryptocurrencies. Also, the program is fully optimised for both x86 and 64bit machines to get maximum support.
3. CGMiner
CGMiner is a C based miner available for Windows, Mac and Linux. You just need a small configuration setup to install the CGMiner on your computer. Once you configure the conf file, you are all set to mine the coins. Double-clicking on the cgminer.exe will open the program and the rest of the mining process is taken care of by the tool. CGMiner is a good mining tool but it needs some technical knowledge to initiate the process. If you are amateur on the technical side, go for the Multiminer to start the coin mining process.
4. MinePeon
MinePeon is a powerful miner available for Linux machines. It is a powerful mining software designed only for clean mining purpose. Just install it on your Linux machine and do usual work. It will mine for you in the background and generate small revenue for you. It is a completely secured tool which is tested before launching the stable versions.
5. Hashr8
Hashr8 is a popular mining tool available for Linux users. It is a customizable mining software for Linux users. It is designed for everyone and all types of miners from hobbyists to enterprise solutions.
Conclusion
These are the five mining tools suitable for everyone to start their crypto mining journey. There are many more tools available online for various platforms. The above tools are tested by me personally and I feel they worth mentioning in the list.
Let us know your valuable feedback in the comment section below.