IN THIS CHAPTER
Beginning with the basics of cryptocurrency mining
Reviewing your to-do list before getting started
When I first heard of Bitcoin mining, I immediately imagined a hot guy with a ripped body, wearing a helmet with a flashlight on it, getting dirty inside a mountain. However, I soon learned cryptocurrency miners don’t have to have any of these qualities. All you need is access to high-speed Internet and a high-end computer. In this chapter I explore the basics of crypto mining.
Understanding How Mining Works in a Nutshell
Bitcoin and other minable cryptocurrencies rely on miners to maintain their network. By solving math problems (see Chapter 5) and providing consent on the validity of transactions, miners support the blockchain network, which will otherwise collapse. For their service to the network, miners are rewarded with newly created ...