I am trying to setup GUIMiner together with mining. Bitcoin is a cryptocurrency – bitcoin mining on macbook pro retina digital money, essentially, that you can create on your computer. Bitcoin, the digital currency, is making headlines these days as it continues to increase in value and is accepted in an increasing number of retailers and other businesses. So how can you get in on this exciting new form of virtual cash?
And is it worth the effort? Most importantly from our point of view, can Mac users get involved? In this article we explain how to mine Bitcoin on Mac, and discuss whether that’s a good idea. Bitcoin is a cryptocurrency that can be used to buy a variety of things, including online services, products maybe even a house. The currency has no central bank and no hierarchical overseers.
There are no actual coins, either. Instead, Bitcoins are created by people using the computational power of their computers to ‘mine’ them. While the whole thing might sound a bit wacky, in the last few years the value of Bitcoins has increased at a phenomenal rate. For more information on Bitcoin mining, take a look at this article by our colleagues at Tech Advisor.
Creating a Bitcoin requires the solving of complex computational problems. While this might sound easy – and when Bitcoin first appeared back in 2008 it was certainly easier – these days the complexity of the problems are such that the power needed to crack them is substantial. Because of this it’s now virtually impossible to create Bitcoin without serious, dedicated hardware, or through people joining together in pools to share their resources and rewards. How to use a Mac to make Bitcoin Before you delve too far into the Bitcoin scene it’s worth considering the fact that’s it’s very difficult to make money creating Bitcoin.