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Therefore, users decide to join the pools. In this case, a unified system, including dozens or even hundreds of thousands of computers allow mining cryptocurrency much faster. First of all, you need to set up a Bitcoin wallet where you can keep money. For example, Copay is a one of the examples of Bitcoin wallet.
Bitcoins are sent to your Bitcoin wallet by using a unique address that only belongs to you. You can purchase a wallet by downloading a software client to your computer. Also, download a special program used for Bitcoin mining. The biggest pools are situated in China. You can start mining in one of the pools and then redirect the hashing power to another mining pool at anytime. There are two types of mining pools: free and private. If the mining pool is free the join process is very simple.
As in any business, you have to make small investments of time and finances for being on the wave of success in the future. Blockchain Basics. Technology News. Market News. Category Reviews. Why do we need mining pools? Bitcoin mining software Choose the best mining pool Top Bitcoin mining pools How to join Bitcoin mining pool? Latest Update: Jan 17, Jay Dayrit ETC Next Halving. XMR Next Halving. DCR Next Halving. XZC Next Halving. More Coin information Calculator.
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