Bitcoin

The Best Bitcoin Mining Apps for Your Mac – MyMac.com

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Reading: Mine bitcoin on mac

Bitcoin is a term you’re probably already familiar with, even if you’re not entirely sure of all its intricacies. Essentially, bitcoin is the world’s leading cryptocurrency: a digital currency, created and stored electronically. Unlike conventional money, bitcoin is decentralized, with no institution or country having control over it. instead, bitcoins are “mined” by a network of users that anyone can join, who compete with each other to create a new currency by using computing power to solve complex mathematical equations.

This network of users also processes all transactions made with the currency, making bitcoin function as its own payment network. Cryptocurrency is seen as advantageous due to its anonymity, transparency, lack of transfer fees, and speed, and a growing number of retailers are now starting to accept money as payment in exchange for their goods and services. While you can buy bitcoins on a dedicated exchange for conventional currency, you may decide you’d like to take the leap and start mining bitcoins on your own.

While your mac may not be the perfect setup for bitcoin mining, as dedicated miners prefer specialized powerful hardware like the antminer s9, there are a number of solutions available for those macos who would like to dip their toes. foot in the mining waters for the first time.

See also: Who Is Bitcoin Creator &039Satoshi Nakamoto&039? | PYMNTS.com

cg miner

cgminer is one of the most popular open source bitcoin mining applications available and is cross-platform compatible on linux, windows and macos. As the tool is command line only, i.e. it does not come with a graphical user interface (GUI), it is most likely only suitable for more technically minded Mac users.

As with most mining applications, cgminer supports individual and “pool” mining, where users pool their computing resources and then share the reward according to the number of actions they have contributed to solve each equation.

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Reading: Mine bitcoin on mac

macminer

See also: ​China’s Huobi and the rise of new public blockchains in 2019 | ZDNET

For those users who need a bit more front-end support, macminer may represent a viable solution. the software is based on cgminer and offers many of the same features, such as the ability to use asic (application specific integrated circuit), fpga (field programmable gate array) or gpu (graphics processing unit) computing to mine bitcoin, while also including a more user-friendly experience.

For those who find bitcoin mining a bit overwhelming, it may be best to consider acquiring bitcoins in other ways. In addition to the aforementioned currency exchanges like Cex.io, there are other options available for Mac users. For example, the betting house’s bitcoin-based gambling website and casino Vegas runs regular bitcoin lotteries for its customers, with more details here. Among the site’s offerings is its flagship monthly Vegas Lotto, which features a progressive jackpot and costs 10 MBTC per ticket to play.

multi-miner

Like cgminer, multiminer has cross-operating system compatibility and allows users to mine multiple cryptocurrencies, including bitcoin and the alternative litecoin. The app is aimed at those who own multiple processing units on their network, including GPUs, ASICS, FPGAS, as well as Bitcoin mining devices like the aforementioned Antminer, as well as G-Black and Raspberry Pi controllers.

with more customizable options available to users, multiminer is a bit more complicated than macminer in terms of its user interface; also includes a text-based console app for those using low-power devices. That said, it does include a “startup” wizard and automatic update installation, so it may be worth investing in if you can get the hang of its interface.

While it should be noted that none of these apps are likely to help you get rich any time soon, they’re worth downloading if you’re looking for an introduction to solo or group bitcoin mining on your mac.

See also: Bitcoin requires an immense amount of energy. Heres why thats sparking a crypto backlash | PBS NewsHour

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