Mining application is what is used to communicate between the hardware that is used and the Bitcoin blockchain. The application communicates with a Bitcoin Mining pool (similar to a Bitcoin Mining co-op) if is one of the parts.
A Bitcoin Wallet application is needed
This is where the Bitcoin that is mine is kept for security and so that it can easily be sold for legal tender or use where Bitcoins are accepted.
Bitcoin Trading Platform is needed
Bitcoin platforms or exchanges like Local Bitcoin and Kraken allow buying, selling and trading Bitcoin.
Before buying a mining application proper research needs to be taken so that the best kind of rig is purchased (the physical hardware) and making the right choice in mining application. Based on this, lets discuss various types of Bitcoin Mining applications in detail.
Types of Bitcoin Mining Application
- CGMiner: – This application is the most commonly used for Bitcoin miners now. The application includes things like remote interface capabilities, multi-GPU support, and self-detection of new blocks, fan speed control, and CPU mining support.
- BTCMiner: – This Bitcoin mining program is based on an open source platform. It comes with a USB interface and supported FPGA boards that can be used for programming and communication. It has many important features including the ability to choose the frequency that has the highest rate of valid hashes, and because is open source it doesn’t require a license.
- EasyMiner: – This mining application runs on Windows, Android, and Linux systems. It has a graphic user interface that works with the CGminer software. Many users use this software because it gives easy visualization with graphs of your Bitcoin mining adventures.
- MulitMiner: -This is another visual interface, but this time for BFGMiner. The layout of this interface is very intuitive, and it works well for people who are new to Bitcoin mining because it has an easy to understand control panel.
- Bitminer: – This one’s been around for a while – since 2011. And it has a huge amount of users – over 450,000 registered users. It’s also compatible with GPU and CPU mining rigs, which are cheaper to set up then ASIC type miners. The Bitcoin mining applications choose is a fairly personal decision. A lot of it depends on the operating system prefer to use as well as it really wants a graphical user interface.