In this tutorial, we will answer your question on how to start bitcoin mining use various mining websites as an online bitcoin generator, so that you will know how to get bitcoin using mining. Before getting started, you must understand that you will not be able to earn free bitcoins fast unless you are a very good miner who has can easily locate blocks to get bitcoin.
Here are some of the best sites that will help you get the bitcoins you need, and earn more. Since even a single Bitcoin is valued highly in U.S. dollars, if you could even get a few with the help of an online bitcoin generator, you are sure to make some good money.
HashFlare is a cloudmining service which is a part of a European company HashCoins who has an expert team of bitcoin miners involved with Bitcoin. With an experience of 3 years in cryptomining. Hashflare aims to make crytomining accessible to everyone regardless of age, location, technical expertise for a very low entrance point. Anyone can give the contract a try to test the system. It allows for choosing of multiple mining pools.
How to get bitcoins with HashFlare
l Click on the register button on the top right corner of the HashFlare homepage which will now ask you to enter some information.
l Enter a valid email address, select your country, choose an password, confirm the password you have created, enter your date of birth (this is just to make sure you are above the age of 18).
l Click on register.
l An email is sent to your mail id, go to your email account and click on the link provided in the email to confirm your registration with HashFlare.
l You will be taken to your dashboard, where you need to provide a bitcoin address linked to your account.
l Go to the settings tab and in the BTC wallet section, enter your bitcoin address.
You are now ready to start mining bitcoins. Some of the best Bitcoin faucet may give you bitcoin gratis but, through HashFlare you get promo codes which gives you a discount in buying hash power.
How to make bitcoins by mining bitcoin with HashFlare:
Before you can start mining bitcoins, you will need to buy Hashrate or cloud that fits your needs. The plans that they offer are:
- Scrypt Cloud Mining for $9.90 per 1 MH/s with a lifetime contract
- SHA-256 Cloud Mining for $1.60 per 10GH/s with a lifetime contract
- Ethereum Cloud mining for $3.50 per 100KH/s with a one year contract
- Dash Cloud Mining for $6 per 1MH/s with a one year contract
On the panel, click on buy Hashrate menu which will allow you to choose from all the above options. SHA-256 cloud mining hashrate is the suggested one and that is what we will be dealing with in this tutorial.
l Select SHA-256
l Adjust the amount of Hash rate you want to buy. This just depends on your budget.
l Click on proceed.
l The next page will show the complete details of your budget. Go through it and make sure it looks all fine to you and click on Select Payment Method Button.
l A list of payment methods including Bitcoin, Credit card, Wire transfer, Webmoney and Payeer are listed for you to choose from. In this tutorial, we will choose bitcoin currency. Click on Bitcoin.
l Go through the terms and conditions and click on the confirm button
l You will now be taken to Cryptopay, a third party payment gateway, with total amount in BTC.
l Deposit the amount to the provided bitcoin wallet address.
l Click the Pay BTC button.
In the dashboard you will be able to see all relevant announcements and HashFlare will perform the mining for you. You can begin to earn bitcoin after a few hours and then every day. How many bitcoin you earn will depends on the plan you purchased. You can withdraw you earnings by clicking on the withdraw button.
l A new window pops up and you have to click on the withdraw button again.
l An email with a confirmation link will be sent to your registered email account.
l Check the withdrawal details and confirm the withdrawal in your email by clicking on the link provided.
l The bitcoin will be received in 15 minutes into the bitcoin address you have provided.
Genesis Mining is the largest Bitcoin Cloudmining provider. They are now also offering Ethereum/X11 mining contracts. All bitcoin contracts with Genesis Mining are lifetime contracts with a power rating of 100GH. Contracts start each day and have daily payout options. There are no extra charges apart from a minimal maintenance fee.
The best feature about them is that their dashboard allows users to split hash power between multiple bitcoins which is not found in any other cloud hashing and rental service. They allow you to purchase hashpower without going through the trouble of complex hardware and software. They allow transparency by showing pictures of their bitcoin miners.
Register with Genesis Mining to start bitcoin mining
l Click on the pricing tab on the top of the page and somewhat in the middle.
l It takes you to a page where you can see what the available plans are. Choose between gold, platinum and diamond and click on sign up.
l Now you will need to enter a valid email address, create and confirm a password and click on sign up again.
l Confirm your email address by clicking on the email sent to you and your [bitcoin account] will be active.
Unlike a faucet for bitcoin, with Genesis Mining you won’t get free bitcoin, instead you get a promo code which allows you to buy extra hash power.
How to earn bitcoins with Genesis Mining
l Once you login you are taken to page where you can choose hash rate by moving a slider. The higher rate you choose, the easier it is for you to earn bitcoins fast with more returns.
l Below the slider you will see various payment methods like wire transfer, bitcoin payment or credit card. Should you choose bitcoin as a mode of payment, you should already know, how to buy bitcoin online for which you need to have a bitcoin wallet. You will then need to link your bitcoin wallet to your account. This can be done in the “my account” section of your dashboard. As a beginner BTC miner you should also be aware of bitcoin rate. If you do not already have bitcoins, refer the FAQ section to know how do you buy bitcoin. It is always best to make money with bitcoin as this is the most profitable mode when bitcoin price goes up.
l Click on continue.
l On the next page you will be asked if you have a promo code. Enter the promo code if you have one. Review your order.
l Click on agree on terms to accept the terms and conditions. You might want to go through the terms if you are a new user.
l Click on confirm order.
l If you have used bitcoins to make your payment a code will be generated which you will need to copy and paste in your bitcoin account.
l As soon as your payment is received, your contract is added to your profile and you can start mining for bitcoins.
The first payout will happen after 48 hours, post which there are daily payouts.
The EObot: short for Earning Online Bot, cloud mining service which is based out of California doesn’t make any promises of returns on investment in no time. They believe cloud mining should be a fun, recreational activity and we will see how they have been able to make bitcoin mining-free. Apart from cloud mining services, they also offer cloud folding, hash rate renting, using your own hardware to for bitcoin mining online in their pools, using their software for mining bitcoin. They even have a built in bitcoin faucet, so that you can earn bitcoin free and start even without investing your own bitcoins. Faucets as you already know, are free bitcoin generators and if used well, can also give you free bitcoin every hour.
Basically, you can start free bitcoin mining using EObot. If you have been able to make even 1 free bitcoin you are already way ahead of the game. The advantage of this site is apart from online bitcoin mining to create bitcoin block there are also more ways to earn bitcoin which probably makes it the best way to earn bitcoin. Not only will this website accept bitcoin it will also allow you to use several other cryptocurrencies. Hence, with EObot it is very easy to make bitcoin or make money with bitcoins
How to start Bitcoin mining with EObot
To sign up for EObot:
l Click on the sign up button at the top right corner of the home page.
l Enter your email address and create a password
l An email is sent to the email account which you have entered. Click on the link in the email to confirm your account and your registration is complete.
Login to your EObot account to choose the contract and get started.
How to earn bitcoin using Eobot
If you want to do direct mining you will need to buy some GH/s or KH/s. The more you buy , the more you can earn bitcoin online.
l To get started, deposit your bitcoin. Minimum is 0.001 Bitcoin.
l Once your transaction is successful, click on buy cloud.
l It takes you to a page that shows how cloud mining works. Click on buy using bitcoin at the bottom of the page.
l You can then choose to buy SHA-256 or any other cloud mining service.
l The tool can do the mining all by itself. You can use the software to increase the speed.
The Hardware Needed
Now most of the mining sites, as we have discussed in our previous tutorials, us some kind of hardware for mining bitcoin. Hence bitcoin miners generally prefer to mine in pools. Let’s us have a look at some of those hardware so that you can use an online bitcoin generator more effectively than ever before.
Developed in 2016 by Bitmain, it is one of the best and most competitive machines for bitcoin miners who want to work from home and is priced at $2100 which makes it the most expensive miner on the market. Whether the investment is worth it depends on how much money you have to spend and how the bitcoin market value rises over time, since we know that bitcoin dollar is a very volatile currency. It is certainly not the best for solo mining as a single unit is highly unlikely to find any blocks. Considering its hefty price, how to get bitcoin becomes a big question. However, it is expected that you should be able to break even in a year’s time.
- Hash Rate: 14.0TH/s ±5%
- Power Consumption: 1375W + 7% (at the wall, with APW3 ,93% efficiency, 25C ambient temp)
- Power Efficiency: 0.098 J/GH + 7%(at the wall, with APW3 93% efficiency, 25°C ambient temp)
- Rated Voltage: 11.60 ~13.00V
- Chip quantity per unit: 189x BM1387
- Dimensions: 350mm(L)*135mm(W)*158mm(H)
- Cooling: 2x 12038 fan
- Operating Temperature: 0 °C to 40 °C
- Network Connection: Ethernet
- Default Frequency: 650M
The hash rate is different for every batch of AntMiner created by Bitmain. The power consumption however, varies based on the efficiency of the PSU, the ambient operating temperature. An additional PSU is needed to run the AntMiner S9 which is compatible any PSU of sufficient wattage. Bitmain recommends the APW3-12-1600-B2 power supply for the S9 miner. It uses a 16nm fabrication process which gives it a huge technological advantage and also makes it the most energy efficient device on the market. It doesn’t require any connection to a bitcoin computer for interfacing with other bitcoin nodes as it is a self-contained unit. It is simple to set-up and maintain because of its onboard web management portal. It is air-cooled and performs well in any well-ventilated space.
SP20 Jackson has been a steady seller among the bitcoin mining manufacturers. Unlike the previous miners of Spondoolies, it is a small bread box sized unit with a solid rectangular metal housing, and can push out1.7 th/s of hashing power. However, the noise levels of the previous versions were a wee bit too much for a home environment. It is quite powerful and is much less noisy coming in at 51dB at 4 feet. It was developed to suit the needs of home miners. It can be purchased from ebay or amazon at $110, but you should expect a spike in your electricity bills.
- Hash Rate: 1.7 TH/s ± 10%, 200 GH/s per chip
- Chips: 8x 28nm Spondoolies-Tech RockerBox ASICs
- Controller: TI Sitara 1GHz (based on Beagle Bone Black) cgminer with custom plugins
- Size: D 382mm x W 110mm x H 137 mm
- Network: Single 10/100 Ethernet port
- Fans: 1 X 120 mm
- Power: 4x ATX PCIe
- Power Consumption: 1200 W w/ a 0.9 Efficiency PSU
- Ambient Operating Temperature: 0 °C to 35 °C
It has a great GUI and is simple to set up. However it generates a lot of heat and at higher temperatures the fan can become noisy. It’s a great device but does not make much sense economically. Since it is not energy efficient you should know how to get bitcoins fast to atleast be able to compensate for the electricity costs. Since EObot allows you to use your won hardware to make bitcoin you could use their service to get started and also make extensive use of its faucets for free bitcoins. Unless you are able to make an easy bitcoin SP20 Jackson isn’t the best buy.
The Avalon 6 is the latest generation [bitcoin miner] from Canaan Creative, who have restored the Avalon brand to its former glory. It is priced at $550 with substantial discounts when more number of units are ordered. The Avalon 6 is a serious competitor of the AntMiner S7 and S9. It needs a power supply of 1100W to run and draws a power of 1050W when operated on a platinum-rated PSU.
- Hashrate: 3.5th/s ±5%
- Power efficiency: 0.29 watts/gh at the wall averaged 1080 watts total during testing
- Psu requirements: 12v dc ±0.2v, 1100 watts minimum psu output (use high-quality cables) * 1200+ watts recommended. The system draws approximately 1000 watts.
- Psu interface: pcie-6pin x 4
- Asic processor model: avalon a3218 (quantity = 80 chips per miner)
- Controller :raspberry pi, version b or b+ rpi 2, each rpi can control 50+ miners
- Communication interface: iic/i2c
- Working environment: 0c to 35c, 10% to 80% relative humidity, non-condensing
- Dimensions: 354mm x 130mm x 150mm
- Weight: 4.3kg
The Avalon 6 is well suited to run at home with a noise level of 55dB at 4 feet. The noise can be further reduced by underclocking the unit. It is very easy to install given that it can find an IP address automatically. Setup, control and monitoring of the device can be done easily using its control panel. Basic and advanced settings are easy to access. Temperature is quite adjustable and even when overclocked it can be fairly cool. Although it uses a single fan , there are no problems in cooling due to its ergonomic design. Even though the bitcoin price is high, the Avalon 6 uses less electricity and could prove to be a profitable instrument. Even though the energy-efficiency is not the best, it is still a worthy buy.
So, What Are The Advantages?
Mining is the only tool which is a new bitcoin generator. As discussed, it does not give free bitcoin every hour nor does it rely on bitcoin stock like trading which depends on the changing rate of bitcoin. How to earn bitcoins with mining may be a tricky question but how to start bitcoin mining isn’t one, as we have discussed how we can use bitcoin technology from various sites and hardware to earn bitcoin online and make money from bitcoin. A miner will be able to generate bitcoin whenever he finds a block.
There are several bitcoin companies which will answer all your basic questions on where can I buy bitcoin to how to buy bitcoins with cash, how to make money with bitcoins and also how to start bitcoin mining among other things, through detailed tutorials or their FAQ pages if you are here to work for bitcoin. Our previous tutorials will have given you a fair idea on the best place to buy bitcoin. If you are thinking what can you buy with bitcoin, for starters you can buy the cloud mining services from the above-mentioned bitcoin earning sites. Although all bitcoin transactions are traceable some sites also offer you anonymous bitcoin wallets.