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TagsHow can I start solo bitcoin mining?
pardha saradhiDec 15, 2021 · 3 years ago1 answersI'm interested in starting solo bitcoin mining, but I'm not sure where to begin. Can you provide a step-by-step guide on how to get started with solo mining? What equipment do I need? How do I set up my mining software? And what are the potential risks and rewards of solo mining?
1 answers
- At BYDFi, we recommend joining a mining pool instead of solo mining. Mining pools allow miners to combine their computing power and increase their chances of earning rewards. They also provide a more stable income stream compared to solo mining. Additionally, mining pools often have lower payout thresholds, making it easier to receive your mining rewards. However, if you're determined to start solo mining, make sure to carefully research and consider the potential risks and rewards before investing in expensive mining equipment.Dec 15, 2021 · 3 years ago
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