Bitcoins can be mined through different methods. Mining on a computer requires specialized hardware and basic software. The needed software is easy to use, free to download, and easy to run. However, a beginner can start with a Bitcoin wallet (encrypted online account) in which earned Bitcoin can be stored. In most of the cases, wallets do not have any regulation and are more prone to attacks. Few years back, hackers staged around $1.2 Million worth Bitcoin from Inputs.io. Bitcoins work similar to cash, the only thing is that they are not controlled by central banks, so there is no chance to get these back.
GPUs and CPUs were very useful at one point of time. However, with the time, mining difficulty increased, as the price and network of Bitcoin increased. It has been observed that lot of electricity is spend in Bitcoin mining
, so keeping in mind that ASICs are designed. These specially designed chips helps in mining efficiently; however they are bit expensive too. You can buy an ASIC mining hardware, mine Bitcoins, and earn profits. ASICMiner Block Erupter is the best mining hardware that you can find from various online shopping websites.
Apart from this, you can join a mining pool
, solve cryptographic problems, and get the Bitcoins as per your effort. Also, you can choose a reliable cloud mining partner, such as Hashgains and start Bitcoin mining.