What is bitcoin mining software?

Bitcoin mining software lets you use computer hardware to help administer the blockchain technology that runs Bitcoin (BTC). As a reward, you can earn newly created Bitcoins. Most Bitcoin mining software is free, and runs on all of the leading operating systems.

Is bfgminer a GUI based bitcoin mining software?

Acting as a wrapper for BFGMiner and CGMiner software, the GUI-based Bitcoin mining software is very convenient. The are 2 protocols this software supported with : stratum mining and getwork mining. Both pool and solo mining can be executed on the software.

What's the difference between cloud mining and bitcoin mining?

Whereas, if you are mining with your buddies and using the pool, then your software will be connecting to a Bitcoin mining portal. On the other hand, Bitcoin cloud mining doesn't need any mining software to use with. The actual process of Bitcoin mining is to connect both mining hardware and mining software.

How do I start mining bitcoins?

Whatever your choice may be, remember you need to follow certain steps to successfully mine Bitcoins: Get the right Bitcoin mining hardware (for mining Bitcoin only ASIC miners will do). Get the best software that matches your needs. Decide whether you’re joining a pool or going solo. Start mining!