Would you like to start mining bitcoin, but you don’t know how to go about it? Here are five detailed procedures that you need to follow when you decide to venture into bitcoin mining. 1. Look for a bitcoin mining rig To get started with bitcoin mining, the first thing that you should own is a bitcoin mining rig. There is specialized hardware known as ASIC (Application-Specific-Integrated-Circuit) chips that is used for mining bitcoin, which requires little energy and delivers incredible results faster. While this device is expensive, the speed at which it works is incredibly fast. This machine offers more than 1012 attempts per second while solving a block. But remember to choose your ASIC mining rig properly because not all the options that are available out there are equal. Get a rig that offers a faster hash rate and which consumes a small amount of electricity. Ensure that you position your rig at the right place because this determines the success rate that you will achieve. You ...