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Dec 15, 2017 Okay, so say you want to mine Bitcoins. The best way to do it is by setting up a really sweet PC-rig with the fastest processor, most RAM, and best video card you can. All this power will help your computer calculate the algorithms that will generate the 64-digit code needed to verify Bitcoin transactions.

Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets and so on. However, there are certain risks associated with cloud mining that investors need to understand prior to purchase.

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How to mine Bitcoin with your Mac | ZDNet