There are two ways via which Bitcoin mining operations are done: by doing it solo or by joining a mining pool. Most miners prefer joining pools because the possibility of being scammed is very low and it is cheaper to participate in.
If you decide to do the mining on your own, you'll need to purchase all the tech needed for it: software and hardware inclusive.
- Bitcoin mining software.
You can download Bitcoin mining software. The two most popular ones which are command line programs are CGminer and BFGminer. EasyMiner is another good option if you'll prefer a GUI miner.
- Bitcoin mining hardware
The hardware used for Bitcoin mining are ASICs. These are special circuits customized for Bitcoin mining only. The ones that are highest in demand include Antminer S9, AvalonMiner 741 and Antminer S7.
Mining on your own or as part of a mining pool depends on your preferences. The two options each have their pros and cons. The ROI however, is relatively the same as solo mining gives a large, infrequent payout while pooled mining gives frequent small payouts.
Another option is by doing cloud mining. Miners can purchase Bitcoin cloud mining contracts and earn Bitcoins without dealing with the hassles of constant electricity, bandwidth, mining hardware and software issues and so on.
Read more:
https://cryptoverze.com/the-ultimate-cryptocurrency-glossary-from-a-to-z/