Bitcoin Mining 101 ASIC, CPU, GPU, FPGA, blocks and hashes. I know what you are thinking, what does all of this mean, right? It means profits - if you do it right. Welcome to the world of Bitcoins! Anonymous, fast, low and sometimes no fees - what could be better? There are some risks and a lot you need to know. So go ahead and read this book to find out all about bitcoins and bitcoin mining; you'll be equipped with everything you need to know by the time you have finished reading. You might even join a mining pool, maybe you'll invest - read on and decide.
New and updated 2nd edition. More miners, more coins, more info. The Essential Guide to Bitcoin Mining: A Cryptocurrency Tutorial is more than just Bitcoin mining. The book introduces people to mining Bitcoin and Altcoins. It discusses what Bitcoin and cryptocurrency is and the history and use cases for it. The book also touches on investing, security, and the retail adoption of crypto. Mining is the focus of this very approachable and useful book. If you don't know anything about Bitcoin or cryptocurrency you will learn much here. If you want to enhance your knowledge of crypto mining and the crypto space this book is for you.
How does the bitcoin protocol work? A person cannot mix indefinite bitcoins. The bitcoin protocol states that there will only be twenty-one million bitcoins to be produced by the miners. These bitcoins will then be subdivided into smaller bits. The smallest bit is called ‘satoshi’ named after the bitcoin founder and the divisible amount is one hundred millionth of a bitcoin. Bitcoin currency is based on mathematical formulas unlike our conventional currency that is based on gold and silver. Mathematics is used to generate or ‘mine’ bitcoins. The software programs containing these mathematical formulas are made available to everyone. This means that anyone can access these formulas to ensure that it serves its purpose.
Learn the fundamentals of Cryptocurrency Mining and how to mine profitable coins. Ever since Bitcoin got released in 2009, the Cryptocurrency market has been exploding with new coins and platforms every week. Many crypto investors and traders are earning up to 3000% profits on their investments. Billions of dollars of wealth is being created. This is a fact. And experts predict that the total market cap will reach $1 Trillion soon. Amidst this revolution, very few people are aware of the fact that cryptocurrencies can be mined. And even few know how to do it right. Mine the right cryptocurrency and you can retire in 2 years! In this book, best-selling author Devan Hansel teaches you the exact step-by-step methods to build your own cryptomining rig! You will also learn what a blockchain is, how mining is related to it and what role a miner plays in the big picture of cryptocurencies. After reading the book, you will be able to quickly arrange a mining setup(hardware and software) from your home and start mining profitable cryptocurrencies. Among other things, you will learn: How Cryptocurrency and Blockchain work Detailed Overview of the Mining Process Various options available for Bitcoin & Altcoin Mining Mining Hardware and Software How to Pick Profitable Coins to mine Challenges involved in Mining & How to overcome them Future of Cryptocurrency & Mining The era of cryptocurrencies has only begun. Numerous Silicon Valley giants, Billionaires, Tech moguls are going gaga about this new breakthrough. For the first time in history, a decentralized digital currency is openly available in the market. And you can mine it, get rich in the process and be a part of this movement. 10 years from now, you will either look back at this time and feel sad or you will feel glad that you took action and seized the opportunity. Get the book Today! Scoll up and click on the "Buy Now" button.
(Bitcoin: The Ultimate Guide to the World of Bitcoin) Grab this GREAT physical book now at a limited time discounted price! The world has always run on traditional fiat currencies, which have been backed and controlled by governments. The government can inflate or deflate the price of these currencies without any democratic involvement. This also meant a high degree of regulation and government scrutiny that led to manipulation, but then came Bitcoin.Bitcoin is a decentralized virtual currency that is not controlled by anyone, and that doesn't require a third-party intervention. It was created by a figure known as Satoshi Nakamoto in 2008. His identity is still unknown, and he vanished from the online world a few years after introducing the world to the revolutionary technology of Bitcoin.Bitcoin's value has increased over the years because of its popularity, and many people have made a lot of money from it. No central figure controls Bitcoin, but it's regulated by a peer-to-peer network that provides it with a functional base without the need of an external figure. Bitcoin is a democratic currency because it can't be influenced or manipulated by a few wealthy people for their gains and interests.Most people have heard about Bitcoin and cryptocurrencies, but there is a lot of mystery that surrounds this terminology. Therefore most people are hesitant about investing in this lucrative currency. Bitcoin has almost become a buzzword in the last few years, thanks to its growing popularity. But the important question is, how does Bitcoin function? Is it a sound investment opportunity? How can you buy Bitcoin?If you want the answer to these questions, then this is the book that you need. Bitcoin is changing the world, and it is entirely possible that in the next twenty years, it might become the currency that everyone in the world uses. Some governments, like that of Japan and Switzerland, are openly embracing it while others are strictly against its use. Bitcoin is growing every day, and those who are in the game are already making thousands of dollars from it. So, if you want to understand what the hype is all about it, you have found the right book. Order your copy of this fantastic book today!
In this book, the complex topic of crypto securities is presented in a compact, understandable and practical manner. In addition to conveying the fundamentals and technical background of the crypto market, a classification in the various areas of supervisory law is made. The focus is on German law, although reference is also made to the European equivalence standards. In order to succeed in a correct classification into European financial market law, both the Liechtenstein law on tokens and VT service providers and the European proposal for a regulation on markets for crypto assets are discussed in detail and compared with the German supervisory regulations on crypto assets. The aim, in addition to creating a basic understanding of how crypto assets work, is to construct a comprehensive overall picture of their regulatory treatment in Germany and to include possible implications of a European push. The work thus provides guidance to individuals who, for example, wish to invest in cryptocurrencies or start a business related to cryptocurrencies.
Learn the ins and outs of Bitcoin so you can get started today Bitcoin For Dummies is the fast, easy way to start trading crypto currency, with clear explanations and expert advice for breaking into this exciting new market. Understanding the mechanisms and risk behind Bitcoin can be a challenge, but this book breaks it down into easy-to-understand language to give you a solid grasp of just where your money is going. You'll learn the details of Bitcoin trading, how to set up your Bitcoin wallet, and everything you need to get started right away. An in-depth discussion on security shows you how to protect yourself against some of the riskier aspects of this open-source platform, helping you reduce your risks in the market and use Bitcoin safely and effectively. Bitcoin uses peer-to-peer technology to operate with no central authority or banks, with transaction management and issuing of Bitcoins carried out collectively by the network. Bitcoin allows easy mobile payments, fast international payments, low- or no-fee transactions, multi-signature capabilities, and more, but the nuances of the market can be difficult to grasp. This informative guide lays it all out in plain English, so you can strengthen your understanding and get started now. Understand the ins and outs of the Bitcoin market Learn how to set up your Bitcoin wallet Protect yourself against fraud and theft Get started trading this exciting new currency The Bitcoin market is huge, growing quickly, and packed with potential. There's also some risk, so you need to go in fully informed and take steps to manage your risk wisely. Bitcoin For Dummies is the clear, quick, easy-to-follow guide to getting started with Bitcoin.
In recent years, “Bitcoin” has become a buzzword that mainstream media has obsessed about. But only a small percentage of the world’s population knows what Bitcoin is and even less can explain, with clarity, how to use it. This book provides an easy to understand explanation of cryptocurrency expressed in layman's terms so that even a newbie can understand how to become mobilized and function effectively with cryptocurrency. The book will also fill in the gaps for those who know some things about the currency but want to know more. The book is designed as a manual/handbook for those who want step-by-step instructions for the 3 most important things you’ll need to know to get started; 1. How to open a wallet, 2. How to buy cryptocurrency, 3. How to determine the most effective storage solution for your cryptocurrency. You will also find FAQ’s which address the most pressing questions about cryptocurrencies. The book provides viable solutions for users to have more control over their own money and more secure and private transactions as well as to address the issue of double spending and monetization. This concise guide is sure to be a hit with those who seek a more comprehensive and simplified approach to understanding Bitcoin and other cryptocurrencies. Don't miss it.
What is Bitcoin and why should I care? Bitcoin has thrust itself into the marketplace - and the national consciousness. One day in the not-too-distant future we may view this digital currency and payment network as revolutionary. Just as the Internet profoundly impacted the everyday lives of people the world over, Bitcoin has the potential to change the way we think about money, economics, communication, and data. Perhaps, like most people, you're not even sure what exactly Bitcoin is - let alone how or why to use it. Bitcoin Basics answers all your questions. After reading it you'll be ready - and excited - to begin your own Bitcoin adventure. Questions include: * What is Bitcoin? * Why was Bitcoin created? * Who owns the Bitcoin network? * What are the technological and economic advantages of Bitcoin? * What is Bitcoin mining? * Can the Bitcoin network be hacked? You don't have to be an expert to use Bitcoin, but after reading this book you'll be on your way to becoming one!
Gain insights into Bitcoin, a cryptocurrency and a powerful technology, to optimize your Bitcoin mining techniques About This Book Learn how to use the advanced features of Bitcoin wallets Set up your Bitcoin mining operations to mine with efficiency Explore what the future holds for mining and blockchains in this pragmatic guide Who This Book Is For If you have never mined before, this book will ensure that you know what mining is all about. If you are familiar with Bitcoin mining, then it will help you to optimize your mining operations at a deeper level. A basic understanding of computers and operating systems is assumed, and some familiarity with cryptocurrency basics would be an added advantage. What You Will Learn Get introduced to Bitcoin mining from the ground up Find out about mining software and the different types of mining hardware Master setup techniques to enable efficient mining Examine the pros and cons of the different types of mining hardware Deduce the differences between solo and pool mining Take a peek into professional mining farms Explore the future of mining and blockchain-based applications In Detail Blockchain is being billed as the technology of the future. Bitcoin is the first application of that technology. Mining is what makes it all possible. Exploring mining from a practical perspective will help you make informed decisions about your mining setup. Understanding what the future may hold for blockchains, and therefore for mining, will help you position yourself to take advantage of the impending changes. This practical guide starts with an introduction to Bitcoin wallets, as well as mining hardware and software. You will move on to learn about different mining techniques using the CPU, GPU, FPGA, and ultimately the ASIC as an example. After this, you will gain an insight into solo mining and pool mining, and see the differences between the two. The book will then walk you through large-scale mining and the challenges faced during such operations. Finally, you will take a look into the future to see a world where blockchain-based applications are commonplace and mining is ubiquitous. Style and approach This is a practical guide that includes detailed step-by-step instructions and examples on each essential concept of Bitcoin mining.
