Cryptocurrency mining
Untangle the steps to mine crypto, including new coins and services The cryptocurrency market moves quickly and miners and investors need the latest information to stay ahead of the game. This edition of Cryptocurrency Mining For Dummies has the insight you need to get started with mining. You'...
| Otros Autores: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, N.J.:
Wiley
c2022.
Newark : [2022] |
| Edición: | 2nd edition |
| Colección: | --For dummies
--For dummies. |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009701174606719 |
Tabla de Contenidos:
- Intro
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- About This Book
- Foolish Assumptions
- Icons Used in This Book
- Beyond the Book
- Where to Go from Here
- Part 1 Getting Started with Cryptocurrency Mining
- Chapter 1 Cryptocurrency Explained
- A Short History of Digital Dollars
- First, take the Internet
- Add credit card confusion
- Add a dash of David Chaum
- Result? DigiCash, E-Gold, Millicent, CyberCash, and More
- The Bitcoin white paper
- Bitcoin: The first blockchain app
- Who (or what) is Satoshi Nakamoto?
- What's the Blockchain?
- Blockchain around the world - the blockchain network
- Hashing: "Fingerprinting" blocks
- Blockchain is "immutable"
- Where's the Money?
- What's the Crypto in Cryptocurrency?
- Public Key Encryption Magic
- Messages to the blockchain
- Signing messages with the private key
- The blockchain address - your money's home
- Sending a transaction message
- Unraveling the message
- The Basic Components of Cryptocurrency
- What's in a wallet?
- Private keys create public keys
- Public keys create blockchain addresses
- The private key controls the address
- 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
- Reaching Agreement through Consensus Algorithms
- 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
- Looking at transaction fees
- Change address
- Verifying the transaction
- Competing for Bitcoin, the ten-minute contest
- Winning the Bitcoin
- Chapter 4 Exploring the Different Forms of Mining.
- Proof-of-Work Algorithms
- Proof-of-work applications
- Proof-of-work examples
- Upsides
- Downsides
- Proof-of-Stake Algorithms
- Proof of stake explained
- Proof-of-stake selections
- PoS example cryptocurrencies
- Upsides
- Downsides
- Hybrid Proof of Stake/Proof of Work
- Hybrids explained
- Hybridized examples
- Upsides
- Downsides
- Delegated Proof of Stake
- Delegated Byzantine Fault Tolerance
- Proof of Burn
- And More . . .
- Part 2 The Evolution of Cryptocurrency Mining
- Chapter 5 The Evolution of Mining
- Proof of Work Mining Evolution
- CPU mining
- Adoption of GPUs
- Rise of the FPGAs
- Dominance and efficiency of ASICs
- The Days of Solo Mining
- Pool Mining
- What is a mining pool?
- Choosing a pool
- Pros and cons of pool mining
- Cloud Mining
- Pool mining versus cloud mining
- Pros and cons of cloud mining
- Chapter 6 The Future of Cryptocurrency Mining
- Incentivization of Energy Exploration
- Underutilized hydroelectric dams
- Oil and gas flaring
- Continued Computational Efficiency Improvements
- Doing more with less
- Approaching the limits of physics
- Corporate and Nation State Participation
- Nation states
- Corporations
- Future speculation
- The Mythical Miner Death Spiral
- Block difficulty
- Block difficulty adjustment algorithm
- Miners of last resort
- Part 3 Becoming a Cryptocurrency Miner
- Chapter 7 Mining Made Simple: Finding a Pool and Preparing an Account
- Understanding How Pool Mining Works
- Choosing a Pool
- Pools that are good starting points
- A few of the largest pools
- Incentives and rewards
- Pool ideology
- Pool reputation
- Pool fees
- Pool percentage of the total network
- Setting Up a Pool Account
- Server choice
- Mining equipment pool settings
- Payout addresses
- Payout thresholds
- Researching Mining Pools
- Cloud Mining.
- Working with Cudo Miner
- Chapter 8 Picking a Cryptocurrency to Mine
- Determining Your Goal
- Mineable? PoW? PoS?
- Researching Cryptocurrencies
- Mining profitability comparison sites
- Algorithms and cryptocurrencies
- The cryptocurrency's details page
- Mining-profit calculators
- The cryptocurrency's home page
- GitHub
- The cryptocurrency's Wikipedia page
- Mining forums
- Going Deep
- Longevity of a cryptocurrency
- Hash rate and cryptocurrency security
- Community support
- Knowing That Decentralization Is a Good Thing
- Finding Out It's an Iterative Process
- Chapter 9 Gathering Your Mining Gear
- Selecting the Correct Computational Mining Hardware
- Specified hash rate
- Specified power consumption
- Equipment cost and other considerations
- Length of time your hardware will be viable
- Mining Equipment Manufacturers
- ASIC rig producers
- Mining container producers
- GPU rig producers
- Finding a Wallet to Store and Protect Your Private Keys
- Where to Mine? Selecting a Viable Location
- Vet your home for cryptocurrency mining
- Communication requirements
- Power source thoughts
- Data centers and other dedicated commercial locations
- Chapter 10 Setting Up Your Mining Hardware
- ASIC Mining Rigs
- Racks
- Power supply
- PDUs
- Network and Ethernet connection
- A computer to control your rig
- GPU Mining Rigs
- Getting your GPU rig online
- Building your own GPU miner
- CPU Mining
- Mining Software
- Pool mining
- Solo mining
- Part 4 The Economics of Mining
- Chapter 11 Running the Numbers: Is It Worth It?
- Factors That Determine Mining Profitability
- Cost of equipment
- Hash rate of your equipment
- Mining rig efficiency
- Cost of electricity
- Total network hash rate
- Information about your pool
- Block earnings
- Cryptocurrency conversion rate
- Calculating Your ROI.
- Your block earnings
- Your expenses
- Calculating ROI
- Knowing the unknowns
- Online profitability calculators
- Historical estimates
- Chapter 12 Reducing Negatives and Gaining an Edge
- Profitability through Efficiency
- Upgrading aging equipment
- Mining different cryptocurrencies
- Using exhaust heat
- Reducing electricity bills
- Knowledge Is Power
- Why current events are important
- The "fork wars"
- Your forking decisions
- Here Today, Gone Tomorrow
- Evaluating Your Mining Resources
- Increasing mining competition
- Increasing block difficulty
- Diminishing returns due to halving events
- Chapter 13 Running Your Cryptocurrency Business
- What to Do with Your Mined Cryptocurrency
- Convert your cryptocurrency
- Buying equipment and paying bills
- Paying with crypto when you can't pay with crypto
- Expand or upgrade your mining operation
- But don't forget the tax
- Hodling your cryptocurrency
- Invest your cryptocurrency
- Donate your cryptocurrency to charity
- Gift your cryptocurrency
- Determining When to Sell
- Cryptocurrency market indicators
- Where to sell: Cryptocurrency exchanges
- Dollar Cost Averaging
- Dollar cost averaging your purchases
- Cost averaging your exits
- Custodial exchange risk
- Tax and Your Mining Business
- But you're mining, not investing
- It gets complicated
- Scaling Up?
- Do not overextend
- Milestones to meet before you reinvest
- Planning your expansion
- Part 5 The Part of Tens
- Chapter 14 Ten (or So) Tips for When the Market Dips
- Have a Plan, Hedge Your Mine
- 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!.
- These are simple calculations
- Stop or go?
- Chapter 15 Ten Ways to Boost Your Return on Investment
- 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 Wikis
- Cryptocurrency White Papers
- The Satoshi Nakamoto Institute
- A Cypherpunk's Manifesto
- Bitcoin Guides and Walkthroughs
- 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
- Index
- EULA.
