How to get started with Bitcoin mining is the process by which the Bitcoin blockchain, the record of past transactions, is updated. This is accomplished by a process of cryptography in which miners use their computing power to attempt to solve complex mathematical problems. Miners who complete these challenges are awarded a block reward.
While a mining operation can be profitable, it is not without significant upfront costs. It is also highly competitive and reliant on the volatile price of Bitcoin. Those factors make it difficult for new miners to determine whether the investment is worthwhile.
Bitcoin Mining: A Practical Startup Guide for 2025
In order to begin mining, you’ll need the appropriate hardware and software. While the days of individual mining with a desktop computer are long gone, today’s industry is dominated by massive mining farms containing thousands of specialized ASIC (application-specific integrated circuit) miners housed in warehouses. The sunk costs associated with the necessary equipment are a major factor that must be considered in any profitability calculation.
To mine successfully, you will need a powerful processor that is capable of producing many terahashes per second (TH/s). While older models are still in circulation, the industry standard is currently an ASIC miner designed specifically for Bitcoin. These devices start at about $3,000 and can be purchased from a variety of online retailers. In addition to the hardware, you’ll need mining software that is compatible with your specific device. The cryptocurrency’s website will likely have recommendations on compatible wallets.