Author: John Davidson

Publisher: JD-Biz Corp Publishing

Published: 2013-05-15

Total Pages: 44

ISBN-13: 1311774955

The Digital Coin Revolution - Crypto Currency - How to Make Money Online Table of Contents The Digital Coin Revolution Crypto Currency Make Money Online Muhammad Naveed & John Davidson What Cryptocurrency Really Is An Introduction to Cryptocurrency What is the Function of this Digital Coin? Forms of Cryptocurrency Bitcoin (BTC) Litecoin (LTC) Altcoins Advantages and Key Features of Cryptocurrency: Some Drawbacks of the Cryptocurrency Cryptocurrency Are Being Accepted by More Websites Everyday Places Where Cryptocurrency is Accepted and the Incentives it Gives to Involved Persons Methods to Generate Money through Cryptocurrency: Comparison of the Two Methods, Investing and Mining: Research before Making the Plunge Continuously Evolving: Great Potential for Growth: How to Get Your Very First Cryptocurrencies Cryptocurrency Still Has a Long Way to Go Mining Cryptocurrency What’s a Mining? Solo Mining Pooled Mining Stratum Protocol CPU Mining GPU Mining Recommended GPU: ASIC Mining FPGA Mining Economics of Mining How Newbies Should Mine for Cryptocurrency Is This the Right Time for BTC Mining? Profitability of Mining Network Mining Limits and Market Caps Trading Cryptocurrency Legitimate Economic Activity with Cryptocurrency Merchant Processing Underground Economic Activity with Cryptocurrency Political Privacy Technical Barriers Government Regulations Conclusion In this book learn what the Digital Currency Revolution is all about. Learn how you can set up your own digital vault and start earning your own digital cash on your very own computer. Learn how to mine digital currency. What Cryptocurrency Really Is. For the purpose of making easier transactions, the world, throughout history, has assigned pressed coins in old times to trade products and in present, printed currency was invented. However, this has increased the number of countries that are getting trapped into debt or for sure are facing difficulties in meeting the needs of their fiscal targets in modern era’s functions of mass Demand and Supply on an international level. The trend towards a financial society that is more centralized has changed towards seeking decentralized money that could sidestep regulations of a specific nation towards the needs of international market. It is a system of payment that eliminates the requirement of a financial intermediary between two parties wanting to transmit money using the internet. It is a less costly method and at times, it’s totally free. The transaction is kept unnamed as well. A man named Satoshi Nakamoto invented a new type of digital currency that could use the method of Peer-to-Peer (P2P) System, in 2008. This network itself is commonly referred as individual’s network that is decentralized and these individuals don’t need to know each other essentially. This system would allow the network that is decentralized, to work mutually cracking Algorithms by using high-powered rearranged Graphics Cards probably cracking a block that yielded the reward of cryptocurrency. Here Satoshi wanted to be the first one to crack and collect the profits of the famous "Genesis Block" in 2009. After his hard work and huge reward, a number of enthusiasts of computer hardware are attracted to it and are seeking to obtain a piece from this newly discovered digital gold pit for themselves.