Best Bitcoin Mining Software of 2020
Where to Mine Cryptocurrency
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Even if you keep up with the latest in the realm of technology only sporadically, chances are that you've heard of Bitcoin. The world's first cryptocurrency, Bitcoin has taken the world by storm. With a very high exchange rate, it seems that the decentralized digital currency is here to stay. So how do you get Bitcoin? You can either purchase Bitcoin, or you can "mine" it.
The mining process involves using dedicated hardware (e.g. ASICs, FPGAs) that use processing power, as well as software applications to manage these rigs. If you've decided to get into cryptocurrency mining, here are some of the best Bitcoin mining software that you can get started with.
Best Bitcoin Mining Software of 2020
Best for Ease Of Use: MultiMiner
If you're completely new to the whole concept of cryptocurrency, getting started with mining your own Bitcoin can be a little daunting. The fact that majority of the mining utilities are command line-based, doesn't help things either. But there's a solution, and it's called MultiMiner.
Perhaps the easiest-to-use Bitcoin mining software, MultiMiner is a desktop application that's chock-full of features. Available for Windows, Mac OS X and Linux, MultiMiner lets you switch mining devices (e.g. ASICs, FPGAs) between different cryptocurrencies (e.g. Litecoin, Bitcoin) without any effort. It uses the underlying mining engine to detect available mining hardware and lets you choose the coins you'd like to mine. MultiMiner has many advanced features such as automatic detection of network devices, as well as the ability to remotely monitor and control other MultiMiner rigs.
An open-source project, MultiMiner is compatible with many mining devices. These include Block Erupter, BFL/Bitforce, and HashBuster Micro.
Best for Customization: BFGMiner
If you have a thing for tinkering and are looking for a customizable Bitcoin mining software, look no further than BFGMiner. Written in C, it's a modular FPGA/ASIC miner that has dynamic clocking, monitoring and remote interface capabilities.
BFGMiner features built-in stratum and getwork proxy server, and its heavily threaded code hands out work retrieval and work submission to separate threads, so that working services are not hindered. The program supports 'getblocktemplate' decentralized mining protocol (without proxy), and can preemptively generate work prior to the completion of existing work. BFGMiner comes with a watchog thread that can restart idle threads, but doesn't crash the machine if they fail to respond. It displays summarized and discrete data statistics of requests, accepts, rejects, hw errors, and efficiency and utility. If there is hardware support, the program can monitor device temperature.
BFGMiner has numerous device drivers for Bitcoin, including Drillbit Thumb and Eight, Twinfury USB stick miner, Ztex's FPGA boards. There are also device drivers for scrypt, such as GAW War Machine and ZeusMiner units.
Best GUI Front-End For Multiple Tools: Easyminer
Different cryptocurrencies have different command line mining tools and this makes managing them a chore. This is where Easyminer comes into the picture, making things easier.
Easyminer is a graphical, open-source mining software that lets you mine Bitcoin, Litecoin and other cryptocurrencies. It supports minerd, cudaminer, ccminer, cgminer and ASIC mining for Bitcoin. EasyMaker comes with a dedicated "Moneymaker" mode, which is dedicated to mining of LTC on its own stratum pool. There's also a "Solo" mode, which allows users to choose a pool of their own, as well as a custom hash algorithm corresponding to the coin they want to mine. Easyminer uses the NHIL (Network Hardware ID Layer) protocol to provide an extra layer of security for the pool stratum and wallet architecture.
It's worth mentioning that Easyminer only works on Windows.
Best for Centralized Mining Management: Awesome Miner
The above-discussed software works great if you just have one mining rig to work with. But if you want to manage multiple mining rigs, and that too of different types (e.g. ASICs, FPGAs), you need something a bit more robust. Enter Awesome Miner.
Having powerful centralized mining management features, Awesome Miner supports more than 25 mining engines such as cgminer, bfgminer, xmrig, srbminer, and sgminer. It's also compatible with all popular mining algorithms, such as SHA-256, Scrypt, X11, Ethereum, and Zcash. You can add, switch, and manage pools for multiple miners in a single operation. Awesome Miner's comprehensive dashboard lets you monitor the status and temperature of all ASIC and FPGA devices from one location. There's also a built-in C# script engine, which can be used to create customized triggers and actions. You can use the program to set up privileged API access and configure default pools for all Bitmain Antminer ASICs in a single operation.
Awesome Miner works on Windows and Linux, but also offers a web front-end that can be accessed from any computer, tablet, or smartphone.
What is Bitcoin Mining Software?
Bitcoin mining software is used to keep the decentralized digital cryptocurrency secure. Miners are rewarded with Bitcoin for tracking and securing transactions known as blockchains. Mining is a way to earn bitcoin without paying for it, making a trade for it, or putting any money upfront—and software helps you do this.
The Bitcoin mining software works in conjunction with Bitcoin mining hardware, which are specialized computers built to mine cryptocurrency. The software is how you connect your hardware with your mining pool. The mining pool is essentially mining together to find the bitcoin and then splitting the payout with everyone in the pool.
How Does Bitcoin Mining Software Work?
Bitcoin mining software is quite complex and is typically used by those who are tech-savvy, have experience mining cryptocurrency, and have the time and interest to do so. The software’s goal is to help you receive bitcoin as a payout. The Bitcoin mining software is usually a desktop app, and there are many different versions, some for beginners and the rest for more advanced users.
It guides you through the mining process, helps you set up a wallet where you store your bitcoin rewards, and helps you choose a pool where you ‘mine’ the Bitcoin. The software is typically compatible with other mining devices. Some software can be completely customized, and some can also mine other types of cryptocurrency.
How Much Does Bitcoin Mining Software Cost?
Bitcoin mining software costs vary. Typically, they can range anywhere from having a free version to just a few dollars per month per Application Specific Integrated Circuit (ASIC) to the software charging 1–2% of your hashing power, which is created using an algorithm. Keep in mind that you may also need to purchase Bitcoin hardware and a special wallet.
How Do You Make Money Mining Bitcoin?
You can make money mining Bitcoin by completing blocks of verified transactions added to the blockchain, which secures the Bitcoin transactions. In exchange for mining, you receive Bitcoin as a reward. Overall, hash rates are high, which means that it isn’t easy to profit from mining Bitcoin. It can be a fun hobby, but it can also be difficult to make any substantial profit.
How We Chose the Best Bitcoin Mining Software
We chose the 4 best Bitcoin mining software options by first reviewing and researching multiple Bitcoin mining software options and then selecting the top contenders. We made these Bitcoin mining software options our top choices based on how easy they were to use, the features and tools they offer, how customizable they are, if you can mine other cryptocurrencies, and more.