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To start mining Bitcoin, you'll need cheap electricity this (a lot of it), an internet connection, and at least one Bitcoin mining hardware device – an ASIC Bitcoin miner. Oops! There was an error. Please try again later Miners help to secure the Bitcoin network by updating Bitcoin’s ledger, also known as the blockchain. The higher the number of miners you have, the more decentralized and secure the network is. To compensate and encourage miners to provide mining services, an incentive system was created. This system provides a fixed amount of bitcoins to a miner when they mine a block, also known as a block reward. When looking at mining profitability, there are numerous factors to be considered Find the most profitable ASIC miners based on profitability and hashrates.