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Bitcoin Mining:Step-By-Step Guide To Bitcoin Mining For Beginners
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This book contains proven steps and strategies on how to start off mining Bitcoins in the most efficient way possible.
Many people have been fascinated by the Bitcoin – the digital currency that has been making waves the world over. More and more are getting into Bitcoin mining, seeing it as an opportunity to earn. However, the task itself is resource intensive and unless one plans out his path carefully, it is very easy to lose out on what would have been a bountiful profit.
This book will follow a step-by-step approach, beginning with the most important concepts of the Bitcoin system and how to utilize the different characteristics of each to make an effective mining game plan. If you are looking for a book to help you find your footing in the Bitcoin mines, then you definitely found the right one!
What Is Bitcoin?
How does one deal with Bitcoins?
What is the value of Bitcoins?
The World of Bitcoin Mining
Who is eligible to mine Bitcoins?
What Gear Do I Need To Start Mining?
Putting It All in Perspective
Here Is A Preview Of What You'll Learn...
- What Gear Do I Need To Start Mining?
First, one has to have a decent set of hardware that can effectively perform the intensive mathematical calculations needed for mining. There are different types of processing systems, which will be discussed below:
At the earliest conception of the Bitcoin system, the only way that a miner can obtain Bitcoins is via CPU mining. This was how the Bitcoin mining industry was born. As mentioned earlier, however, the degree of difficulty for the entire network continues to increase as time passes and as processing capabilities improve. Nowadays, serious mining done through CPU alone would be impractical and would put its user at a disadvantage. Therefore, newer systems have been born. Despite this, CPU mining is how most miners expose themselves to the requisite processes, and newer innovations such as mining pools allow those who only have CPUs at their disposals to earn Bitcoins that they wouldn't have been able to mine alone.
- Much, much more!
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