Decide on your hashing hardware, calculate your profitability, and download mining software with this essential guide to setting up a bitcoin. Learn everything there is to know about Bitcoin mining. Learn how to mine, and how it works. If you want to know how to mine Bitcoin, you have two different steps you can take: Go through a company, or buy and use your own hardware. We need to maintain a healthy go here between nature and technology. Make sure your network is protected by a firewall and a strong password. These costs do not include electricity, which can add up quickly. Vinny Lingam is the CEO of Civic Technologies, a blockchain-powered authentication solution which makes it easy to control and protect your identity. Second, in order to add a block of transactions to the blockchain, miners must solve a complex computational math problem, also called a "proof of work. Chapter 4 What is Bitcoin Mining Hardware.