What is this?
The cryptocurrencies are digital money, the issue and accounting of which are based on blockchain technology. The blockchain itself is a continuous and consistent chain of blocks, which contain information and is constructed according to certain rules. Basically, the mining comes down to forming these very blocks.
Is it not too late?
Although during the existence of the cryptocurrencies, a certain market has been formed already; you can still start mining. In order to mine "on an industrial scale" you'll have to cough up the big money, but you can do this even in private capacity. For the latter, all you need is a PC and, ideally, a powerful graphics card. Moreover, you need to obtain your own bitcoin wallet.
What do you need?
First of all, you need to figure out two things: software and pool. There's a wide range of mining software available. Some of the programs work solely in the console; others have a graphic interface and can set up for the maximum performance automatically. Your choice should be based solely on your personal preferences.
Pools are organized groups of miners (those who mine cryptocurrencies) that share the reward according to the productive capacities of each member of the group. In case of private mining, pools are a more preferable choice due to their efficiency. This choice also depends on personal preferences, although we advise you to control the pool's commission.
Am I a miner now?
When all the preparation is done, you can start mining. The end-user doesn't have to do much. You need to launch the mining software and join the chosen pool, if you have one. The final stage is getting your earnings, of course. In order to trade bitcoins to real money, you can use one of the many exchanges. In order to sell bitcoins, and you'll be selling them on the exchange, all you have to do is make a request for selling with the preferred rate and wait for the buyer.
Esports and bitcoins
You have mined bitcoins. What now? We've got an idea. You can multiply your bitcoins by betting on Sportsbet.io. Sign up with a few clicks, the service's simplicity and transparency will leave no doubt. Moreover, you'll receive extra 20% to your winnings in case of betting on HellRaisers' matches! It's very cool, indeed, why don't you try?