Home : Book details : Book description

Description of  BEGINNERS GUIDE ON MINING CRYPTOCURRENCY: A Comprehensive Goto Starters Manual to Mining Crypto

Crturrn mining is ntkng, tl, nd nl sporadically rwrdng. Nnthl, mnng h a mgnt appeal fr mn nvtr ntrtd n cryptocurrency because f th fact that mnr r rwrdd for their wrk wth rt tkn. This m b because ntrrnurl t mnng as pennies frm hvn, lk Clfrn gld prospectors in 1849. And f u r technologically nlnd, why not d t? Key Takeaways By mining, you n rn rturrn wthut having to put dwn mn fr t. Btn mnr rv Bitcoin as a reward for completing "blk" of verified trntn whh are added t the blockchain. Mnng rwrd r paid t th mnr wh dvr a solution t a mlx hashing puzzle first, and th rbblt tht a rtnt will b the n to discover th lutn is related t th rtn f the ttl mining wr n th network. Yu nd thr a GPU (grh processing unt) or an application-specific ntgrtd rut (ASIC) n order t t u a mnng rg. However, bfr you invest the tm nd equipment, read this explainer t whether mnng really for you. We wll fu rmrl n Bitcoin (thrughut, w'll u "Bitcoin" when referring t th network r th rturrn a nt, nd "btn" when w'r rfrrng to a untt of ndvdul tkn). Th primary drw for mn mnng the rt f being rwrdd wth Btn. Tht said, u rtnl dn't hv t b a mnr to wn cryptocurrency tokens. You n l bu cryptocurrencies ung ft currency you can trd t on an exchange lk Bitstamp using nthr rt ( n xml, ung Ethrum or NEO to bu Btn) u vn n rn t b shopping, ublhng blog t n ltfrm that pay users in rturrn, r vn set u interest-earning rt unt. An example f a rt blg platform is Steemit, whh knd f like Mdum except that ur can reward blggr b paying them n a rrtr rturrn lld STEEM. STEEM can thn be trdd elsewhere fr Btn.