However, before you plan to buy or set up a mining rig, mining bitcoin is not any more profitable than you think it is. In short, never attempt to mine bitcoin. Bear in mind the cost of electricity, the price of the graphic cards, and the competition to mine a block. Also, the mining reward is getting lesser every 4 years(average).
The Proper Way to Mine Bitcoin
The best way to mine Bitcoin is to join a mining pool. There is a lot of good mining pools out there to choose from. Top mining pools include BTC.com, Antpool, Slush, F2pool, ViaBTC, BTC.top, DPOOL, and Bitfury.
Another use of mining hardware is to mine other proof of work coins. These include Ethereum, Litecoin, TRON, Cardano, Monero, Dash, Dogecoin, Zcash, and other 100+ mineable coins.
For more information, visit : https://coinmarketcap.com/coins/views/filter-non-mineable/
The Best Bitcoin Mining Hardware
If you can afford to buy the latest or standard version of Antminer by Bitmain, you can easily participate in mining pools. The standard version of Dragonmint is also a winner for beginners. You can get this hardware on eBay or Amazon. Also, you can buy cheap Chinese hardware peripherals on Alibaba or Aliexpress.
The Best Bitcoin Mining Software
CGMiner, MultiMiner, BFGMiner, Bitminter work best with Bitcoin cryptocurrency. These are the best software out there for newbies and seasoned miners. Also, If you are looking for centralized mining management, Awesome Miner is a good fit.
How to Mine Cryptocurrencies Using Mobile Phone
You can only mine Bitcoins and other Cryptocurrencies using your Android Phone. However, this method is not anymore applicable because Google Play has already banned crypto mining directly from Android phones. The way to do it nowadays is by staking coins or tokens.