The actual process is more complicated than you might think, but you have a machine that will perform the hard work of mining for Bitcoins. This machine will have several different components that perform in concert. You’ll need the system to contain a computer that has an internal power supply that can produce enough energy to run the machine properly. This used to be done with computers and many graphic cards. Today this process is done with what we call ASIC miners.
The most efficient method is to use a system that will make use of the mining process to itself generate profits. As with all things, the ASICs become, more efficient with time. It is not easy to make a profit from mining for Bitcoins, but it does provide a legitimate and secure way to earn money.
When choosing your equipment, you should look at the power consumption of your equipment in watts. You want to make sure that you don’t end up spending all of your money on electricity to mine coins that aren’t worth what you paid for. Use these two factors to determine the number of hashes you get for each watt of electricity you use. To do this, divide the number of hashes by the number of watts. The least significant category of Bitcoin mining equipment is your computer itself. Theoretically, you could use your computer’s processor to search for bitcoins, but in practice, it is so slow by today’s standards that there is no reason. The difficulty of mining Bitcoin has accelerated so much with the release of ASIC mining hardware that graphics cards cannot compete. If you want to use them, you’d better get a multi-card motherboard to save on the operation of different power supplies for different cards.