Introduction
Welcome to Cryptocurrency Mining For Dummies. We’re here to help you enter the wonderful world of cryptocurrency mining. Of course, you don’t need our help. You can just go to Google or some other major search engine, search, and jump right in. You’ll find plenty of information to help you!
Hah! Try it and see. It’ll be like drinking from the proverbial firehose — you’ll drown in a flood of confusing blog posts, conflicting “news” articles, unintelligible wiki articles, misleading YouTube videos… .
So that’s where we come in. Our job is to break it all down into intelligible, easy-to-digest, bite-sized pieces that ordinary folk like yourself can read and understand.
About This Book
This book explains, simplifies, and demystifies the world of cryptocurrency mining. You find out what you need to know and do in order to decide if and how you’re going to begin cryptocurrency mining.
In this book, we explain
- How cryptocurrency mining works, and what it’s for (it can’t just be a way for you to make money, right?)
- The different algorithms and how they function — Proof of Work, Proof of Stake, Delegated Proof of Stake, and more — and what hashing is all about
- The different types of mines: pool mining, solo mining, cloud mining
- The different types of hardware: CPU mining, GPU mining, FGPA mining, and ASIC mining
- How to pick the right cryptocurrency to mine
- How to find and work with a pool mining service
- How to set up your mining hardware and software
- How to calculate ...
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