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The digital cryptocurrency Bitcoin was the first Blockchain application. Success of Bitcoin led to the creation of the Ethereum platform. Whereas Bitcoin is a “Blockchain Application”, Ethereum is a “Blockchain Platform”. Ethereum not only supports a distributed ledger but it also supports Smart Contracts. Explore the best Internet Utilities software for Mac. Browse our catalog of over 50 000 mac apps. MacUpdate is serving app downloads since 1997.
Now that you already know about the best Bitcoin mining hardware, we’re going to talk about Bitcoin mining software.
What is Bitcoin Mining Software?
Bitcoin mining hardware handles the actual Bitcoin mining process, but:
Bitcoin mining software is equally as important.
- If you are a solo miner: the mining software connects your Bitcoin miner to the blockchain.
- If you mine with a pool: the software will connect you to your mining pool.
- If you are cloud mining: you do not need mining software.
Mining Software Compared
Software | Category | Pricing | Best Feature |
---|---|---|---|
Braiins OS+ | Best Overall | 1-2% depending on pool |
|
Hive OS | Best For MacOS | $2/month per device | Amazing mobile app |
Quick Tip
Mining is not the fastest way to get bitcoins.
Buying bitcoin is the fastest way.
Read Our Buying Guide
Importance of Bitcoin Mining Software
The main job of the software is to deliver the mining hardware’s work to the rest of the Bitcoin network and to receive the completed work from other miners on the network.
Bitcoin mining software monitors this input and output of your miner while also displaying statistics such as the speed of your miner, hashrate, fan speed and the temperature.
You may also need Bitcoin tax software in order to calculate your taxes owed. Just as an example, we have a great guide on how that software works to pay taxes on Coinbase buys.