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Best Bitcoin Mining Softwares

Bitcoin mining is the process of adding transaction records to Bitcoin’s public ledger, called the blockchain. This ledger contains every past bitcoin transaction.

The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Mining software is the actual software that does mining with your computer, this can be either an application that you download or even the website where you mine directly from this will depend on how much bitcoin you wish to make.

It would be best if you use both of the above methods as it is more profitable and time-efficient, you can start mining bitcoin in India with minimum effort.

How to Mine Bitcoins?

There are two ways through which you can mine bitcoins, using the software or by joining a cloud mining pool.

You can mine bitcoins in various ways; by buying the hardware, joining mining pools, or by owning a cloud mining contract. However, it is not guaranteed that you can make a profit through any of these methods. You will require making the right decisions at the right time to get good results from your mining efforts.

It is advisable that you join the mining pool instead of using cloud mining contracts. By joining the mining pools, you can make more coins compared to when you use a cloud mining contract.

You should always look at how much your pool is paying out in comparison to your electricity usage, among other factors. The free Bitcoin software for mining is highly preferred while there are premium ones that you can use.

Only if mining by owning the hardware is very less, then you may choose to go for buying a Bitcoin cloud mining contract. You are also not recommended to mine Bitcoin with your personal computer or laptop because it will consume a lot of power and cause wear and tear on your machine.

To get started with Bitcoin mining, you require installing the bitcoin mining software. You can either do it yourself or hire someone to get it done for you. After you installed the software, you will be able to use your computer’s processing power to generate new bitcoins.

List of Bitcoin Mining Software

To get started with Bitcoin mining, you need to install the following things:

1. The free Bitcoin mining application – GUI Miner.

2. A “Bitcoin Wallet”. You can either go for a web or offline wallet. For beginners, we recommend the latter option as it is more secure and easier to set up, though it requires you to install the whole Bitcoin client on your computer.

3. A bitcoin mining pool. It might take some time before you get a bitcoin mining pool because of various reasons like:

The Bitcoin mining pools might be busy. It usually takes time before the new mining pools get popular and start getting many shares. You can try out Slush’s Pool or BTC Guild, among others. Both Slush and BTCGuild feature two different servers that you can use alternative to decrease the downtime and increase the mining speed.

The Bitcoin pool might be too small to give you any profit. You can either wait until an appropriate mining pool gets bigger or try using other available mining pools like BitMinter or Deepbit.

4. A reliable internet connection with a minimum of 2 Mbps upload speed (for Slush’s pool).

5. A good internet connection is required to maintain a good connection to the mining pool. If your internet data plan does not allow proper Bitcoin transfer, you might have to reconsider your mining choice.

6. Hardware for mining Bitcoins. You can either use your computer’s Graphics Processing Unit(GPU) or purchase specialized mining hardware known as ASIC (Application-Specific Integrated Circuit).

You can join any of the mining pools like Slush’s pool or BTC Guild. Slush’s Pool is easy to use as it features a simple GUI (Graphical User Interface), similar to that of GUIMiner. Mining on this pool is quite popular among beginners because of the simple management and the GUI that controls the mining process.

You can also use ASIC which is dedicated hardware that does not require almost any technical knowledge to work and has great hashing power so there is no reason for you to worry about downtime. Asic comes with its own wallet which works the same as any other Bitcoin Wallet and requires you to create an address through which you can receive Bitcoins.

You should always make sure that the wallet and the mining pool support Overt Asic (ASIC mining).

If ASIC is supported by the mining pool you are planning to use, then you can go ahead and purchase a Bitcoin ASIC miner.

The following list presents the most popular Bitcoin mining software in India:

GUIMiner is a desktop GUI for mining Bitcoins. It helps monitor mining progress and provides configuration for Bitcoin miners.

EasyMiner is a GUI based miner for Windows, Linux and Android. It acts as a convenient wrapper for CGMiner and bfgminer software.

Bitcoin Miner is a Windows application that mines bitcoins using the SHA256 algorithm. If you want to use it for mining, you should consider buying ASIC hardware.

BFGminer is a modular asic/fpga bitcoin miner written in C, cross platform for Linux, Mac, and Windows including support for OpenWrt-capable routers.

CGMiner is a multi-threaded multi-pool GPU, FPGA and ASIC mining worker. This miner has both a command line and GUI frontend to monitor/configure the mining progress.

BFGMiner is a modular asic/fpga bitcoin miner written in C, cross platform for Linux, Mac, and Windows including support for OpenWrt-capable routers. BFGMiner is an efficient ASIC/FPGA bitcoin miner written in C, featuring dynamic clocking, monitoring, and remote interface capabilities.

 

Mining software is also an application that you download which will help get your computer working for you to mine bitcoins it’s very simple all you have to do is click the button that says start mining and viola your computer starts mining for bitcoins.

  • CGMiner This is very simple and straightforward software. It was created specifically for miners with built-in unique features that help monitor mining progress, automatically detect new blocks while providing basic information on all mining activity. CGMiner also comes in handy if you want to run multiple miners using the same computer at the same time.

CGMiner is compatible with both Windows and Linux operating systems. It can be downloaded from http://cgminer.org/.

  • BFGMiner BFGMiner is a fork of CGMiner, which was created to allow for mining different types of Bitcoin derivative currencies. This software has been designed specifically for various hardware platforms and is compatible with Windows, Mac OS X, and Linux. BFGMiner also has a variety of features such as the ability to work with multiple mining pools, allowing for both solo and pooled mining.

As compared to CGMiner, this software is more versatile and provides detailed mining statistics in real-time. This software can be downloaded from http://bfgminer.org/.

  • EasyMiner EasyMiner is a GUI based software and was created with the purpose of simplifying Bitcoin mining for beginners. It can run on Windows, Mac OS X, and Linux operating systems and works very well with the different types of hardware. This software is relatively simple and easy to use and can be downloaded from http://www.bitcoinplus.com/.

All software of this type comes with a built-in hash rate reporting mechanism, but it does not take account of hardware errors or invalid shares. This information needs to be taken into consideration when you are mining for Bitcoins, otherwise, your mining rewards will go down. You should also know that mining Bitcoins is not advisable unless you have the proper hardware to do it.

How much does bitcoin mining software cost?

The cost of bitcoin mining software can have a wide range. Typically, you can find bitcoin mining software for free.

Still, some software can cost a few dollars or euros per month.

Options for Free Bitcoin Mining Software  

There are many options available when it comes to free bitcoin mining software. These options cost the user nothing, however, this might be because the cost is paid by advertisements or to use your computer’s processing power.

  • [Paid Bitcoin Mining Software](https://www.bitcoinzmining.com/bitcoin-miner-software/) 
  • [Bitcoin Miner for Windows – GUIMiner](http://guiminer.org/)
  • [Bitcoin Miner for Android](https://play.google.com/store/apps/details?id=de.langerhans.powerminer&hl=en)

It is important to note that the cost of these apps is typically covered by advertisements, but the cost of your phone’s battery life is not.

  •  [BFGMiner](http://www.bfgminer.org/), an open-source ASIC mining software for bitcoin 
  • [CGMiner](https://cgminer.us/) , an open-source ASIC mining software for bitcoin

The cost of this software is currently at around $0.0015 per megahash, or a cost of about fifteen cents per month. This kind of cost is not very much and should be easy to cover with the profits you accumulate from free bitcoin mining.

  • [BitMoose](https://bitmoose.com/), a free app that allows you to set a threshold for how much your computer can mine in a day or week, allowing you to determine how cost-effectively your computer can mine  

It is important to note that the cost of these apps is typically covered by advertisements. The cost of your phone’s battery life is not.

  • [Open-source FPGA Bitcoin miner](https://github.com/Bitsyncom/bfgminer) cost of this software is currently at around $0.0015 per megahash, or a cost of about fifteen cents per month    

Options for Paid Bitcoin Mining Software

  • [Worker](https://worker.bitcoinzmining.com/) cost of this software is currently at around $0.0015 per megahash, or a cost of about fifteen cents per month. The cost of this software is currently at around $0.16 per megahash, or a cost of about sixteen cents per month. This cost is more expensive due to the fact that this app is free from advertisements.
  • [Bitcoin Miner for Windows](https://www.bitcoinzmining.com/bitcoin-miner-software/) cost of this software is currently at around $0.16 per megahash, or a cost of about sixteen cents per month   
  • The cost of this software is currently at around $1.00 per megahash, or a cost of about one dollar per month. This cost is more expensive due to the fact that this app is free from advertisements.
  • [MinerGate](http://minergate.com/) cost of this software is currently at around $1.00 per megahash, or a cost of about one dollar per month. The cost of this software is currently at around $0.008 per gigahash for the first year and $0.006 per gigahash for each subsequent year, or a cost of about eight cents per month. This cost is more expensive due to the fact that the cost changes with the cost per megahash and gigahash, unlike most free bitcoin mining software which has a constant cost.
  • [Automated Bitcoin cloud mining](https://www.bitcoinzmining.com/cloud-mining/) cost of this software is currently at around $0.008 per gigahash for the first year and $0.006 per gigahash for each subsequent year, or a cost of about eight cents per month.

     The cost of this software is currently at around $0.03 per megahash, or a cost of about three cents per month. This cost is more expensive due to the fact that this app is free from advertisements.

  • [Bitcoin Miner for Android](https://play.google.com/store/apps/details?id=de.langerhans.powerminer&hl=en) cost of this software is currently at around $0.03 per megahash, or a cost of about three cents per month.

     The cost of this software is currently at around $0.0015 per megahash, or a cost of about fifteen cents per month. This kind of cost is not very much and should be easy to cover with the profits you accumulate from free bitcoin mining.

  • [BTC Miner](https://play.google.com/store/apps/details?id=de.langerhans.powerminer&hl=en) cost of this software is currently at around $0.0015 per megahash, or a cost of about fifteen cents per month.
  • [WinMiner](http://www.winminer.com/) cost of this software is currently at around $0.0015 per megahash, or a cost of about fifteen cents per month.

As you can see, the cost of bitcoin mining software has a wide range and cannot be stated specifically. Keep in mind that most cost estimates are for a period of a month or year. This cost can be more or less based on the cost per megahash and gigahash, which cannot ever be predicted with complete certainty.

Did you find this information helpful? If so, please use our [Bitcoin ATM map](http://www.coinatmradar.com/) to find locations near you!

How to choose the best bitcoin mining software?

Conclusion paragraph: Choosing the best bitcoin mining software for you depends on your needs and budget. If you’re new to bitcoin, we recommend trying out Hive’s free online miner. For more advanced miners who are looking for a GUI-based solution with clear instructions, Minergate is worth checking out. Or if you want something that will be continuously updated by its developers instead of relying on 3rd parties like some other solutions, CGMiner might be what you need. They also offer guides in various languages to help get started! Whatever your situation or skill level may be, there is an option here designed just for you so don’t hesitate to explore them all before making a decision about which one suits your needs!

FAQ’s

Q1. Is Bitcoin Mining Profitable in India?

Yes, this is very much profitable you can make money through mining bitcoins but it all depends on how much effort you put in and how many resources you have available to learn and understand bitcoin mining.

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