How to Mine Bitcoin in November 2026?

How to mine Bitcoin: Bitcoin is decentralized, so new coins are issued through a mining system. Its protocol is based on a blockchain, but how do you actually mine Bitcoin? In this article, you will find every step of Bitcoin mining.

How to Mine Bitcoin: 3 Methods

There are several ways to mine Bitcoin, including:

Cloud mining through a wallet.
Joining a Bitcoin mining pool.
Solo Bitcoin mining with a mining rig.

On related topics, our articles “Bitcoin Cash” and “Bitcoin Trading” are a useful complement to this one.

Live Bitcoin Price – BTC/USD

How to Generate Bitcoin: The 3 Best Solutions

Today, you can mine Bitcoin using several techniques, either on your own or with a pool of miners.

Bitcoin Cloud Mining

The easiest way to generate Bitcoin is cloud mining. Cloud mining is a mining technique that relies on the computing power of a Bitcoin mining company. It is the most cost-effective option because it uses the company’s computing power and storage.

Miners choose cloud mining because they do not have to invest in expensive mining hardware, and no IT knowledge is required. You will not need to pay electricity bills or use your computer’s processor. On top of simplicity comes speed: it only takes a few hours to get your cryptocurrency.

Best Cloud Mining Platforms

Genesis Mining
Hashflare

Cloud Mining Pros

No IT knowledge required
No need to buy mining hardware
No installation or setup costs

Cloud Mining Cons

Risk of the mining company going bankrupt
You do not receive the full reward

Mining Bitcoin with a Mining Rig

A mining rig is designed for solo Bitcoin mining. For this, miners use ASICs.

However, if you want to build a mining rig, make sure you research the following: the price of the machines, the hash rate available to maximize profit and, finally, your electricity consumption so you can keep costs down.

The most widely used software is BFGminer and CGminer. Bitcoin mining requires installing and configuring the Bitcoin software.

The Best Mining Rigs

Here are our recommendations if you want to mine Bitcoin with a rig:

Pangolin Whatsminer M3X
Bitmain Antminer T9
Halong Mining DragonMint T1
Bitmain Antminer S9i

Mining Rig Pros

Quality installation and configuration
High rewards

Mining Rig Cons

Requires IT skills
Irregular income

Mining Bitcoin Through a Mining Pool

A mining pool is especially recommended for beginner miners. Mining Bitcoin through a pool lets miners on the network share costs and gives them the best chance of mining Bitcoin.

A mining pool provides regular, fast profits because earnings are distributed among the miners. Having many nodes on a network is the key to this speed.

It also provides more stable income because blocks are validated faster. But remember that income is always shared among the miners on the network in fractions of a bitcoin.

How to Choose a Mining Pool

The criteria for choosing a good mining pool are:

To maximize mining pool income, a miner should join a large pool. To get an idea of a pool’s reputation, look at the number of member miners, even if the hash power it holds matters more. However, be wary of mining pools that hold the entire market share of a cryptocurrency: keeping the network decentralized is more secure.
Miners can choose a mining pool with affordable fees, although fees are generally low.

The 3 Best Mining Pools

We recommend these 3 pools to mine Bitcoin successfully:

Poolin: can mine 18% of all blocks
F2Pool: the oldest mining pool
BTC.com: mines 15% of all blocks on the Bitcoin network

Mining Pool Pros

Suitable for beginners
Stable, regular income

Mining Pool Cons

Lower income

What Is Bitcoin Mining? Definition

Mining Bitcoin does not mean you own Bitcoin. It means providing computing power through a PC or mining hardware such as a rig or ASIC.

Bitcoin mining is essential for securing and verifying transactions on the blockchain. In return, miners receive fractions of a bitcoin.
A BTC transaction is validated by encrypting data on the blockchain. To get better returns by making more guesses and being able to form new blocks, you need high-performance tools.

The Role of Miners

The role of miners is to validate transactions while preventing double spending. The creation of the blockchain also eliminated the double-spending problem. Transactions go through miners to be checked and validated before being recorded on the blockchain. Miners are then rewarded with 6.25 BTC after the third halving on May 11, 2020.

The Limits of Bitcoin Mining

However, mining has a limit. Nakamoto, the creator of Bitcoin, capped the Bitcoin supply at 21 million coins.

This limit is explained by a new block being added to the network every 10 minutes, while miners’ rewards are reduced every 4 years. As a result, all Bitcoins will have been mined by 2140.

Key Facts About Bitcoin

Number of Bitcoins in circulation: 19,112,562.5
Total number of Bitcoins: 21 million
Number of Bitcoins left to mine: 1,887,437.5
Number of Bitcoins mined per day: 144 blocks per day and 12.5 bitcoins per block

The daily pace of Bitcoin mining is currently decreasing; this is what is known as the Bitcoin halving. The Bitcoin halving means that the miners’ reward for verifying transactions is cut by 50%.

How to Get Equipped to Mine Bitcoin

In the early days, you could mine Bitcoin on a regular computer, but that is no longer possible. To get better returns, you need to invest in a computer with a Bitcoin ASIC chip, used like a graphics card, although you can skip this step if you use cloud mining. You also need a wallet to store your coins.

Next, download open-source mining software. If you use cloud mining, always be careful about how reliable your provider is. You can also mine with your smartphone through cloud mining apps on Google Play.

What Hardware Do You Need to Mine Bitcoin? Essential Bitcoin Mining Equipment

To mine Bitcoin, you need the right hardware to reach your goal of creating Bitcoin. In this section, we show you the equipment you need to mine cryptocurrency:

Suitable graphics cards – The graphics card plays a major role in performing calculations during mining, so you must look closely at its price and capacity. The most recommended on the market are AMD and Nvidia cards.
A high-performance motherboard – How your graphics cards work depends on the PCI slots available on your motherboard. This matters when calculating mining profitability, since the hash rate increases depending on the motherboard.
A high-capacity hard drive – The hard drive stores the mining software and operating system. Choose an SSD for faster calculations.
A suitable operating system – You can choose between Linux and Windows.
An excellent power supply – The power supply must exceed the consumption of your graphics cards. You need to calculate the consumption of all your components.
Mining software – The software you choose must work with your graphics card.
Effective air conditioning – To prevent your equipment from wearing out too quickly, fit your mining space with air conditioning.
A secure Bitcoin wallet – You also need a Bitcoin wallet to store your mining profits.

How Does Bitcoin Mining Work? Mathematics and Proof of Work (PoW)

Bitcoin mining is based on Proof of Work (PoW), a concept that secures virtual currencies through a reusable proof-of-work system running on a hashing algorithm.

The steps are as follows: each new block uses the “hash” of the previous block, which makes it possible to validate the block in question.

How Bitcoin Mining Works on the Blockchain

A transaction takes place between two users on the network,
The transaction is added to a block,
Miners check that the transaction is valid,
Miners add the header of the most recent block to the new block as a “hash”,
Miners solve the mathematical problem,
A new block is formed, added to the blockchain and then broadcast across the whole network.

Advantages of Mining Bitcoin

Rewards paid in Bitcoin
Helps strengthen network security.
Make money from home by solving mathematical problems
Earn more money through a mining pool

Disadvantages of Mining Bitcoin

Bitcoin mining is extremely energy-intensive.
Mining difficulty is constantly readjusted every 2016 blocks, which quickly makes mining hardware obsolete.
Solo mining returns are particularly low.
Mining requires good IT skills
Mining returns depend on Bitcoin price fluctuations.

Who Can Mine Bitcoin?

A miner needs suitable computer hardware and the capital required for the investment. To mine, you also need excellent IT knowledge to install and configure the software.

Mining is not easy: you need the required capital and advanced IT knowledge.

How Much Can You Earn Mining Bitcoin?

Initially, Bitcoin mining was almost voluntary, done to help develop the cryptocurrency. But later, as its price rose, the situation changed.

Money is the main reason to get into Bitcoin mining, yet at the end of the chain profit is never guaranteed, given the upfront investment, of which mining computers and electricity are the largest items. Using a mining platform is a better option than going it alone. In a mining pool, rewards are shared among members in fractions of a bitcoin, even though the block reward is 6.25 BTC.

What Do Bitcoin Miners Calculate?

Miners compute cryptographic hashes of a block header. For each hash created, the mining software uses a different random number called the nonce. Miners do not touch a block’s transaction data; their role is simply to change data to get a new hash. If the hash does not match the required format, the nonce changes and goes through a new hashing process. You may need many attempts to find a nonce that works. That is how miners earn money.

How Are Miners Paid?

The Bitcoin network adds extra fees to every Bitcoin transaction, and miners are paid through these fees. Transaction fees make up the income from cryptocurrency mining.

The main variable in whether or not you make money mining Bitcoin is the cost of electricity. The computer hardware needed for Bitcoin mining uses a lot of power, and the cost of electricity is significant and affects how profitable this activity is. In addition, the increasing difficulty of the mathematical puzzles given to miners requires a lot of computing power, and therefore powerful machines. This helps make mining a niche activity, but it can be worth it given Bitcoin’s (BTC) rising price.

What Determines Bitcoin Mining Earnings?

As you can see, your profits will depend on where you live, because of electricity prices, and on your mining setup. According to studies, a miner currently earns only a fraction of a bitcoin, even when mining in a pool. Some miners even invest at a loss, hoping to profit from future price rises.

Mining Bitcoin vs Buying Bitcoin: Which Should You Choose?

For traders, holding Bitcoin is the ultimate goal given the enthusiasm around cryptocurrencies. But buying and mining are completely different options. Mining does not mean you will keep the Bitcoin you mined, and on top of that come your hardware costs.

If you are more interested in mining and have a fairly limited budget, we recommend cloud mining so you can get Bitcoin for free.

If you are looking to invest, the most suitable option is to buy on a regulated, secure platform such as RaiseFX, where you can trade Bitcoin or invest in Bitcoin.

The Best Bitcoin Mining Sites

Here are the best sites to mine Bitcoin:

Genesis Mining
Hashflare

Is Bitcoin Mining Profitable?

Although the basic principle of Bitcoin mining is that it is free, since you are solving mathematical problems, the investment costs are significant: buying a mining machine and paying for the electricity consumed are very large expenses.

Before you start mining, calculate your profitability by comparing the cost of the electricity you will use with the price of Bitcoin.

Which Coin Should You Mine?

Here is a ranking of the 10 best coins to mine in 2025:

Bitcoin (BTC)
Ethereum (ETH)
Zcash (ZEC)
Grin (GRIN)
Monero (XMR)
Ravencoin (RVN)
Litecoin (LTC)
Dash (DASH)
Dogecoin (DOGE)
Bitcoin Gold (BTG)

Where to Store Your Mined BTC

Once you have mined Bitcoin, you need to store it somewhere safe, and there is nothing better than a secure wallet. So-called “mining wallets” let you keep your Bitcoin away from unscrupulous hackers who target this cryptocurrency, whose price can reach record highs. Physical “hardware wallets” are the best option for storing large amounts of coins. If you want to trade your coins, you can keep them in software wallets, which are easier and faster to access.

Tips for Getting Started with Bitcoin Mining

Here are our tips for getting started with Bitcoin mining:

Have IT skills and starting capital: Bitcoin mining is complex, so it is not suitable for beginner miners. You also need enough capital to buy mining machines and cover energy consumption, because this activity uses a lot of power.
Analyze the alternatives to Bitcoin mining: Given the high cost of Bitcoin mining, review all the other ways of getting Bitcoin.
Choose high-performance hardware to mine Bitcoin: Your mining profitability will depend on the hardware you use, so compare value for money carefully.
Get trained in Bitcoin mining: Make sure you have basic knowledge of BTC mining. There are specialized mining sites where you can get the training you need.

Conclusion: Is Mining Bitcoin a Good Deal or Not?

The days when solo Bitcoin mining was a good operation are over. First, Bitcoin mining difficulty keeps rising, which means mining machines constantly need more power.

The size of the investment, both in dedicated machines and in electricity, makes mining fairly risky and far less lucrative than it used to be.

Bitcoin may well be the currency of the future, but the mining process is demanding in terms of returns. Buying Bitcoin on a trading platform such as RaiseFX is the better choice, given the security it offers.