Bitcoin mining can be an amazing opportunity for profit and investment. The only problem is, there are not a whole lot of resources available on line for the beginner, to learn what it is they need to know before getting started. Many of the websites that do offer guides on Bitcoin mining are written for the advanced users, who are already well versed in coding and have plenty of experience with Ubuntu, Linux, and Mac operating systems. This simplified guide was created for those who are just getting into Bitcoin mining.

The very first thing you need to do before you can get started is to create a “Bitcoin Wallet”. In the Internet world, Bitcoin is a form of currency, and this is where you will be storing yours as it accumulates. You can get yours by visiting Here you will find a link to download and install the Bitcoin client for whatever operating system your PC is running. Downloading the blockchain part may take a while, considering that it will be larger than 6 GB worth of data. Install it the client will begin to download the blockchain. Since the download size of the blockchain is so large, it is a good idea to order it on DVD. After all, it is going to continue growing as time goes on. To get your own DVD, you can click here to order the bitcoin blockchain by mail.

Once the client is finished downloading, you must click the “New” option, after which a long line of numbers and letters will be displayed. This is your wallet’s address, and it is very important to keep it in a safe place so that you will always have access to it. It is also a good idea to store more than one copy of the wallet.dat file, each in a different location. Perhaps, one on a thumb drive, and then another printed out.

This is a major step in creating a secure wallet, for, if in the unfortunate event that you no longer have access to your computer and you don’t have a copy of your wallet file, your bitcoins will be lost. It is much like losing your wallet in real life. The only difference is that if you lost your real wallet, there is a chance that someone would find it, and maybe even keep the money in it for themselves. When you lose the file for your Bitcoin wallet, no one gets it. It’s like money gone in to thin air. Gone.

So, you know what it takes to get your wallet and client, but don’t think your ready to just jump right in yet; For your Bitcoin wallet to have any chance of filling up, the idea is to join in on a pool.

A pool is what a group is called that combines there powers to make more of a profit. Bitcoins are not awarded one by one, but in blocks of at least 50. It would take a streak of extreme luckiness for you to get in on any of that Bitcoin without being a part of the pool. Why?

Source: buybitcoinz.eu