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Cryptocurrency Mining For Dummies

Author: Peter Kent
(1 customer review)

Find out the essentials of cryptocurrency mining

Additional information

Format

Audiobook, Kindle, Paperback

Publisher

For Dummies

Year of Publishing

2019

Categories: , Tags: , Product ID: 19248

Description

Find out the essentials of cryptocurrency mining

The cryptocurrency phenomenon has sparked a new opportunity mine for virtual gold, kind of like the prospectors of a couple centuries back. This time around, you need some tech know-how to get into the cryptocurrency mining game.

This book shares the insight of two cryptocurrency insiders as they break down the necessary hardware, software, and strategies to mine Bitcoin, Ethereum, Monero, LiteCoin, and Dash. They also provide insight on how to stay ahead of the curve to maximize your return on investment.

  • Get the tech tools and know-how to start mining
  • Pick the best cryptocurrency to return your investment
  • Apply a sound strategy to stay ahead of the game
  • Find cryptocurrency value at the source

From the basics of cryptocurrency and blockchain to selecting the best currency to mine, this easy-to-access book makes it easy to get started today!

Table of Contents

Part 1: Discovering the Basics of Cryptocurrency

  • Chapter 1: Cryptocurrency Explained
    • A Short History of Digital Dollars
    • What’s the Blockchain?
    • Where’s the Money?
    • What’s the Crypto in Cryptocurrency?
    • Public Key Encryption Magic
    • The Basic Components of Cryptocurrency
    • Where Does Crypto Come From? The Crypto Mines (Sometimes)
  • Chapter 2: Understanding Cryptocurrency Mining
    • Understanding Decentralized Currencies
    • Exploring the Role of the Crypto Miner
    • Making Cryptocurrency Trustworthy
    • Looking at the Cryptocurrency Miner
    • Making the Crypto World Go ’Round
  • Chapter 3: Building Blocks: The Transaction’s Journey to the Blockchain
    • The Cryptocurrency Network
    • Submitting Transactions
  • Chapter 4: Exploring the Different Forms of Mining
    • Proof of Work Algorithms
    • Proof of Stake Algorithms
    • Hybrid Proof of Stake/Proof of Work
    • Delegated Proof of Stake (dPoS)
    • Delegated Byzantine Fault Tolerance (dBFT)
    • Proof of Burn (PoB)
    • And MORE …

Part 2: The Evolution of Cryptocurrency Mining

  • Chapter 5: The Evolution of Mining
    • Proof of Work Mining Evolution
    • The Days of Solo Mining
    • Pool Mining
    • Cloud Mining
  • Chapter 6: The Future of Cryptocurrency Mining
    • Incentivization of Energy Exploration
    • Continued Computational Efficiency Improvements
    • Corporate and Nation State Participation
    • The Mythical Miner Death Spiral

Part 3: Becoming a Cryptocurrency Miner

  • Chapter 7: Mining Made Simple: Finding and Preparing a Pool Account
    • Understanding How Pool Mining Works
    • Choosing a Pool
    • Setting Up a Pool Account
    • Researching Mining Pools
    • Cloud Mining
    • Working with Honeyminer
  • Chapter 8: Picking a Cryptocurrency to Mine
    • Determining Your Goal
    • Mineable? PoW? PoS?
    • Researching Cryptocurrencies
    • Going Deep
    • Decentralization Is a Good Thing
    • It’s an Iterative Process
  • Chapter 9: Gathering Your Mining Gear
    • Selecting the Correct Computational Mining Hardware
    • Mining Equipment Manufacturers
    • A Wallet to Store and Protect Your Private Keys
    • Where to Mine? Selecting a Viable Location
  • Chapter 10: Setting Up Your Mining Hardware
    • ASIC Mining Rigs
    • GPU Mining Rigs
    • CPU Mining
    • Mining Software

Part 4: The Economics of Mining

  • Chapter 11: Running the Numbers: Is it Worth It?
    • Factors That Determine Mining Profitability
    • Calculating Your ROI
  • Chapter 12: Reducing Negatives and Gaining an Edge
    • Profitability Through Efficiency
    • Knowledge Is Power
    • Here Today, Gone Tomorrow
    • Evaluating Your Mining Resources
  • Chapter 13: Running Your Cryptocurrency Business
    • What to Do with Your Mined Cryptocurrency
    • Determining When to Sell
    • Dollar Cost Averaging
    • Tax and Your Mining Business
    • Scaling Up?

Part 5: The Parts of Ten

  • Chapter 14: Ten or So Tips for When the Market Dips
    • Have a Plan
    • How Long Can You Last?
    • Learn from Market History
    • Don’t Panic! (Keep Calm and Carry On?)
    • Buy the Dip
    • Look for the Advantages
    • Anticipate the Market Recovery
    • Learn From Your First Dip
    • Consider Market Volatility
    • Switch to Another Cryptocurrency
    • Stop Mining!
  • Chapter 15: Ten Ways to Boost ROI
    • Doing Your Homework
    • Timing Your Entry
    • Playing the Markets
    • Identifying Low Hash Rate Alternative Cryptocurrencies
    • Mining the Start of a Chain
    • Starting Small
    • Scaling Choices
    • Finding Cheap Electricity
    • Cooling Efficiently
    • Scoring Hardware Deals
  • Chapter 16: Ten Types of Cryptocurrency Resources
    • Cryptocurrency Market Trackers
    • Mining Profitability Estimation Tools
    • Cryptocurrency Reddit Pages
    • Blockchain Explorers
    • Data Visualizations
    • Cryptocurrency Data and Statistics
    • Cryptocurrency Wiki’s
    • Lopp.net Resources
    • Cypherpunk Manifesto
    • Cryptocurrency White Papers
    • The Satoshi Nakamoto Institute
  • Chapter 17: Ten Criticisms of Cryptocurrencies and Mining
    • Energy Consumption
    • Wasted Processing
    • Scalability, Transaction Speed, and Throughput
    • Coin Distribution Fairness
    • Market Bubbles and Volatility
    • Centralization
    • Scams and Rip-offs
    • Hardware Price Inflation and Scarcity
    • Fire Hazards
    • Neighbor Complaints

 


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1 review for Cryptocurrency Mining For Dummies

  1. Heath

    This is a book that puts everything in one area and is a fairly reliable source. Great for beginners gives lots of still relevant references.

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