Bitcoins have gained an enormous reputation for ease of trade and increasing value. Serving as an alternative to currencies circulated and authorized by governments worldwide, Bitcoins saw the light of the day in 2009, and little did everyone know about their stellar journey—by becoming one of the most coveted tokens of wealth.
It is worth noting that Bitcoins are not created. Parties either trade them or mine them. While Bitcoins can be exchanged for physical money, many individuals still prefer mining to earn good fortune.
When it comes to Bitcoin Mining, you cannot do it alone. As a miner, you become a sort of Bitcoin Auditor – for monitoring and verifying transactions. When you finish 1MB worth of transactions, whether one or a thousand, you can earn Bitcoin. But what makes it possible?
The simple answer is the efficient technological systems that help you execute your function as a Bitcoin Miner. When you become the first to solve a numerical problem among a vast community of other miners, you pass one step of earning Bitcoin. It would help if you had competitive machinery and software that is fast and efficient and produces the correct answer for the numerical.
In this article, you will come across the Top 8 Bitcoin mining software you can choose from to be a successful miner!
Prerequisites of Bitcoin Mining
Bitcoin Mining requires both hardware and software. The mining software connects with the Bitcoin blockchain from the hardware you’re using, so it needs to be wholly competitive and efficient. Commendable mining software is the pride of a Bitcoin miner, and thus, it is not worth compromising.
Before starting the actual process of mining, you also need to have these elements ready with you:
Bitcoin Mining Wallet – This is where you keep your bitcoins. A wallet ensures secure bitcoin storage so you can later exchange them for legal tender money.
There are two types of wallets. One is of a host nature, and the other uses keys for security. The second type is advantageous, and many people recommend it. Some of the best Bitcoin wallets are – Breadwallet, Copay, and Armory.
Choose a Bitcoin Trading Platform – The interface that will help you for mining bitcoins is an essential source of your revenue. Like Bitcoin Compass UK and many other apps, you can mine bitcoins and trade them for cash later. But first, you will have to acquire functional mining rigs.
Best Bitcoin Mining Software
EasyMiner
Rated among the best Bitcoin mining software, EasyMiner is versatile and can run on Android, Windows, and Linux. It can connect with your cryptocurrency wallet and mine Bitcoin, Litecoin, and more, but it is only functional with Windows and ASIC mining hardware.
Pros:
- It is easy to use, is open-source, and does not demand many resources for mining.
You can mine other currencies as well. - The graphic user interface displays your performance, which is easy for a layperson to understand.
It can simultaneously mine Bitcoin using CPU, ASIC, or GPU (mining hardware).
Cons:
- It is time-consuming.
- It does not display current Bitcoin data.
- It might have issues with antivirus apps.
CGMiner
CG Miner stands out among all the Bitcoin mining software and boasts enviable performance and versatility. It can run on Mac, Windows, and Linux. Three types of mining hardware for CG Miner are GPU, FPGA, and ASIC. It comes with CPU Mining support.
Pros:
- Self-detection of new blocks.
- It can adjust to a hash rate irrespective of size without any delay.
- Exceptional fan speed control.
- Stable performance.
- Multi-GPU support.
Cons:
- Its Windows version faces issues in installation.
- It is sophisticated; thus, people with basic preferences may find it difficult.
BTCMiner
It is one of the most innovative yet straightforward mining software with USB support and integrated programming for mining. It is open source and does not require complex apparatus to mine bitcoins. A decent internet connection, Bitcoin Wallet, and FPGA mining hardware would suffice.
Pros:
- Dynamic performance that fetches results faster.
- It comes with a power-saving mode.
- It prevents overheating of the system.
- It is open source and does not require a valid license.
- You can access it from Windows and Android.
Cons:
- They might face heating problems.
MultiMiner
It has an intuitive user interface and is one of the easiest-to-use mining software. Multi Miner is also one of the best mining software for Bitcoin, with cross-platform support and graphical details.
Pros:
- Suitable for newbies, it has the most effortless interface and intuitive features.
- Highly versatile- Can run on Windows, Linux, and Mac.
- You can mine different types of cryptocurrencies besides Bitcoin.
- Automatically mines the most profitable or easy cryptocurrency.
Cons:
- It demands extra programming support for Linux and Mac.
- It would be best to allow 1 percent of the revenue to be deposited into an e-wallet using Multi Miner.
Awesome Miner
As the name suggests, this software boasts robust performance and a reliable dashboard that displays your system’s progress through temperature and status. Its centralized management allows it to be super-efficient. It lets you track your profit and power consumption, keeping your hardware’s health in check.
Pros:
- It manages over 50+ mining engines.
- Quick system recovery through centralized management.
- You can access the software from any device, like mobile phones, tablets, computers, etc.
- Highly tech-savvy and comes with an all-in-1 Dashboard to track performance.
- It creates custom triggers and actions.
Cons:
- It lacks support for macOS.
- It is suitable for high-end clients.
BFGMiner
It is similar to CGMiner, except it is compatible with ASIC and FPGA. Its performance becomes as smooth as butter with the use of graphic cards. BFGMiner can run on Mac, Linux, and Windows, thus making it versatile. There is also an option for temperature monitoring. Furthermore, BFGMiner is smart enough to avoid linking to pools that aren’t reachable, conserving machine capital and increasing profitability.
Pros:
- Mine different cryptocurrencies at the same time.
- Compatible for ASIC as well as FPGA hardware.
- Versatile software; can be used on Mac, Linux, and Windows.
- Fan speed control and integrated overclocking.
Cons:
- It is not viable with GPUs.
BitMinter
Being a graphical user interface (GUI)–based open-source frontend for mining software such as CGMiner and BFGMiner, BitMinter makes it to the list of top mining software. It is almost like EasyMiner, except this software is compatible with Mac, Windows, Linux, etc.
Pros:
- It is viable with GPU, ASIC, and FPGA (mining hardware).
- Versatile software; you can run it on Mac, Windows, and Linux.
- Flexible software and easy to understand.
- It does not ask for details before beginning.
Cons:
- You need to join a Bitcoin mining pool to start mining with BitMinter.
- It only supports the Bitminter Mining pool.
DiabloMiner
Unlike BitMinter, this software allows you to choose between pool and solo mining (for lone wolves). It is compatible with GPUs and works perfectly on Mac, Windows, and Linux operating systems. It suits experienced miners and is listed among the best mining software because it renders high-end results and productivity through graphic cards.
Pros:
- It is compatible with Mac, Windows, and other operating systems.
- Renders high productivity and has reliable performance.
- It gives free access.
- Flexibility in operation.
Cons:
- Lack of ability to use third parties.
- You can only mine Bitcoin with this software.
- It requires 79+ and eight graphics cards for NVIDIA.
How to choose the appropriate Mining Software
No matter how efficient your hardware and software are, their combination should match perfectly. For example, BFGMiner does not support GPUs, so it is not the appropriate technology.
Convenience and Flexibility—It all depends on whether you are new to mining or experienced. Some mining software has a built-in graphical interface, making it easy to understand and operate, while others are more complex.
Overheat control—The efficiency of software also depends on fan speed control, as overheating can cause blockage in the system or even ruin it. Thus, this aspect is essential to avoid unnecessary machinery breakdown during mining. BFGMiner and CGMiner are apt for this functionality.
Multifunctionality – If you only want to mine Bitcoin, you can choose any software among the abovementioned ones. But if you are mining other cryptocurrencies, too, avoid using DiabloMiner and BitMinter.
Bottom Line
Any software’s efficiency depends entirely on the hardware you choose: the more suitable combination, the better the efficiency. Proper selection of such hardware ensures smooth operation and prevents machinery from breaking down during crucial mining periods, reducing costs. Production using different software can vary from 10% to 15% inefficiency. For Bitcoin, always prioritize ease of use and speed, for not all are experienced, and complex interfaces might slow the process down for you. Try updating your software from time to time to avoid inefficiencies and delays.