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Best Bitcoin Mining Software Of 2024

Bitcoin mining software lets you use computer hardware to help administer the blockchain technology that runs Bitcoin (BTC). As a reward, you can earn newly created Bitcoins.

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Most Bitcoin mining software is free and runs on all of the leading operating systems. Computer hardware—commonly known as mining rigs—can be as simple as a cloud computing option or as complicated as a highly customized system costing thousands of dollars. Forbes Advisor has surveyed the landscape to come up with this list of the best Bitcoin mining software.

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What Is Bitcoin Mining?
Bitcoin mining is the proof of work consensus mechanism that creates new Bitcoins.

Like many other cryptocurrencies, Bitcoin is based on blockchain technology. This is a distributed ledger that tracks all past transactions, a decentralized system that’s not controlled by a centralized authority.

To record transactions and encode them on the blockchain, Bitcoin miners use their computers to solve complex math equations in order to earn the right to add new blocks to the blockchain.

It takes an ever increasing amount of computing power to obtain the solution to these equations, known as a hash. Miners deploy computers, sometimes referred to as mining rigs, to solve the next hash. In exchange for their work, successful miners receive payment in the form of newly created Bitcoins.

As of 2023, a successful miner receives 6.25 BTC for solving a hash. The Bitcoin payout rate decreases over time, dropping in half roughly every four years.

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How Does Bitcoin Mining Work?
Bitcoin mining is the process of solving increasingly complex cryptographic puzzles to confirm that a Bitcoin transaction has taken place.

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