Bitcoin mining hardware handles the actual Bitcoin mining process, but:
Bitcoin mining software is equally as important.
If you are a solo miner: the mining software connects your Bitcoin miner to the blockchain.
If you mine with a pool: the software will connect you to your mining pool.
If you are cloud mining: you do not need mining software.
Importance of Bitcoin Mining Software
The main job of the software is to deliver the mining hardware’s work to the rest of the Bitcoin network and to receive the completed work from other miners on the network.
Bitcoin mining software monitors this input and output of your miner while also displaying statistics such as the speed of your miner, hashrate, fan speed and the temperature.
One of the most important things you will need before using any kind of Bitcoin mining software is a wallet.
This is because all Bitcoin mining software will ask you for a Bitcoin address that will be used to send your mining rewards and payouts. Once you create or download a wallet you will be able to get a Bitcoin address from your wallet.
There are many Bitcoin wallets, but these are the ones we recommend if you are just starting out:
Ledger Nano S– Secure Bitcoin hardware wallet for all platforms.
trezor-model-t – Simple Bitcoin wallet that works on Mac, Windows, and Linux.
If you expect to earn a lot of money through mining then it would be smart to purchase a more secure wallet: a hardware wallet. Now that we understand mining software and how it helps in the mining process, and you got your Bitcoin wallet and address, let’s look at different software on different operating systems.
All of the mining software above listed for Linux and Windows also works for Mac OS X. Scroll up to learn more!
Viruses in Mining Software
Be aware that a lot of mining software may try to steal your bitcoins. Be sure to read reviews on any software you download.
Make sure you are downloading from the actual site and not a copy-cat site.
Cash Out your Coins
Once you have this setup and are mining, you may need to cash out some of your coins in order to pay off your expenses such as electricity.
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