How Bitcoin Mining Works
What is Bitcoin Mining
Before discussing how to do bitcoin mining for free, you need to first understand what is Bitcoin mining or Bitcoin mining?
Bitcoin Mining is one of the ways to generate Bitcoin as a major global cash system that stores transaction histories (or ' money movements ') from one person to another. When Bitcoin transactions are processed through the Bitcoin network, Bitcoin is being moved from one person to another, and one needs to ensure that all transactions are properly recorded and the cash system is synchronized worldwide.
How Bitcoin Mining Works
Bitcoin Mining is one way to get Bitcoin easily.
The process of mining Bitcoin is not done by individuals or companies, but by thousands of computers worldwide connected to the Internet. This computer is known as miners or ' miners '. Simply put, they are ' computer processing transactions '.
In this programmer, computers need complex calculations that consume huge computing efforts, so it takes great energy and sophisticated tools. The owners of these computers need to pay for these tools and electricity. So, they must get compensated from all the effort and money they spend to support this network. Where, they get compensated through the newly mined Bitcoin and Bitcoin is the one that acts as an award and incentive for those who contribute to the system that supports the transaction process.
If you're still feeling confused, you can imagine what happens if a large bank builds the world's largest global transaction processing system?
Of course they would spend billions of dollars, and then charge a small transaction fee to users to cover the cost of building a system. With Bitcoin mining, the cost of a global system is divided into thousands of computers, and they cover their costs with newly mined bitcoins.
Bitcoin Mining Risk
No transactions are not risky. Bitcoin is also one of the risky investments. Although it is done with new technology and looks very secure and solid, Bitcoin mining allows failure.
That's why you're not encouraged to put the whole ' egg ' in one basket and never buy Bitcoin with all the money you have. Why? Because this type of investment is more volatile (the value of Bitcoin can rise and fall in a place or short time) than other currencies. Even though the value is more stable, Bitcoin will surely experience many volatile moments in the future.
Please also note, this Bitcoin transaction is the same as in cash, where after you have made transactions, it cannot be cancelled. So, when you send Bitcoin to the wrong person, or a Bitcoin wallet is hacked and someone steals Bitcoin, you'll be very hard and even impossible to take it back.
In addition, to date Bitcoin is also not protected by any company, so when you lose bitcoins, service providers or ' Bitcoin networks ' cannot compensate for the losses you are experiencing.
Here are 10 free Bitcoin Mining Sites list
CryptoTab
This app has the principle of ' earning Bitcoins when using Google Chrome browser. This concept is being used as positioning CryptoTab. The idea is that you as a coinvestors download the extension on Google Chrome, then you will automatically be able to use free Bitcoin mining when you are running the Chrome browser. So by doing so in an active application state, Coinvstors can get Bitcoin. You as a coinvestors can also invite friends and earn more Bitcoin benefits.
Crypto FarmingThis Website includes a bitcoin mining simulation game, almost identical to Miner Farm. We can build your own mining with the selected device. Each result can be redeemed for coins and withdraw to use the dollar currency or Ethereum.
Micro BTC
This Website will provide free 100 Ghs for all its new members. If you want an upgrade there is also the cheapest package of 0.14 US dollars per Ghs to increase mining speed.
Crypto Mining Farm
One of the websites that can provide free cloud mining service for new users is given 50 Ghs lifetime. This cloud mining site is based in Thailand and is available for upgrades on a monthly, yearly and lifetime contract.
Miner Farm
Miner Farm is also one of cloud mining mining that gives free Hashing 100 Ghs to new users. The mining system is interesting and like simulation games, you can buy and sell inventories to increase the speed of mining. How to enable mining is also easy
Bitcoin Faucet
Bitcoin Faucet is a website that provides crypto currency through a certain time interval. This source exists because many people are advertising, ranging from banner installers, videos, and so on through a website. This bitcoin site is provided for free and only requires account registration using email. To get this cryptocurrency, you have to go to a dedicated page of The Advertiser.
Bitzfree
This is one of those sites that you can visit when you want to do free Bitcoin mining. When you sign up for the first time, you will be provided with Bitcoins of 20 Ghs free of charge. In addition, the app also gives you points to increase the speed of mining as much as 10 percent each time you log in. In addition, the app also offers many ways to increase the speed of mining, such as social media follow and work on a specified task.
Cryptotab
Cryptotab is a browser and plugin that helps you get free Bitcoin. Just like Mozila or Cromer, the excess, here you can mining bitcoins. In addition, the app can be downloaded on your smartphone, making it easier to use it.
Minergate
In this website, you can do the addition of the cloud Bitcoin, meaning you can rent mining equipment for Ethereum, Bitcoin Gold, Zcash, Ethereum Classic, Bytecoin, Litecoin, Monero, and Monero Classic. This fee only needs to be spent once, then you just sit back to receive income every month. Because the operational and maintenance costs will be deducted from the resulting coin, so we no longer pay anything.
Eobot
This Bitcoin mining site is one of the oldest still legit sites, famous and most importantly paying. Eobot was built in the year 2013 and is based in the United States. Not only has the website, you can also download this app via smartphone. This app offers two Bitcoin mining options which are free to use software provided by Eobot and using a computer or laptop VGA card. And the second by means of paying and renting computers provided by Eobot to gain speed (GH).
That's the tenth list of Bitcoin mining for free that you can do to get more bitcoins for free. Despite investment, this bitcoin can only give you an amount of investment that is not too much, let alone this is all you get for free.