Bitcoin mining is the process of confirming transactions on the Blockchain. Miners or a mining pool are rewarded a set amount on the completion of each block. Note: Bitcoin mining can get very technical, please be sure you understand the basics of Bitcoin mining and transactions work before proceeding.
Be sure to do your own research into Bitcoin mining and its profitability. It would be a good idea to first use a mining profitability calculator to determine whether it is worth your while to persue mining. If you have abnormally low electricity costs, see a chance to profit on the cloud mining market or have access to a mining rig, it might be worth checking out.
Here are some ways that you can get into Bitcoin mining right away.
Checks numerous variables to determine whether your Bitcoin mining operation is profitable or not and gives you an estimate of potential earnings and barriers to profit. (i.e High electricity costs)
Buy Cryptocurrency Mining Hardware
Order professional crypto mining hardware from the following trusted suppliers in South Africa for Bitmain Antminer, GPU mining rigs, and power supplies.
Order from Doodah and get fast delivery of Bitcoin and crypto mining hardware at the best prices – Fast delivery to your door anywhere in South Africa. Trusted online shop with secure payment options, good support and a 6-month warranty on all products.
Here is a list of great resources for more information on cryptocurrency mining, education, guides, what to mine and profitability calculators.
An educational resource making Bitcoin mining easier to understand with informative articles and guides
What to Mine
Check which coins are currently the most profitable to mine with your set-up or rig.
Real-time mining and network statistics.