Cryptocurrency Mining has been here for awhile. When Cryptocurrencies started to gain transaction, more and more people started investing in Bitcoin and Altcoins.
And once you get a hand on investing, you started to look for other ways to get more coins. The transition is mostly as investors and then to miner. And for those developers, it is the other way around.
So what is the advantage of mining than buying coins?
You have super powers. You can literally make your own currency from nothing. It feels like you are doing something, instead of buying.
It’s fun. You get to play on the cool and fast hardware like ASIC’s, GPU’s and FPGA’s.
You are making money. Oh I mean crypto coins. And that means whatever you mine, you can get it higher if you just HODL.
Mining can be challenging. You get to build a mining rig that can surpass your friends set up. You will be the coolest of your friends (and you make the most money too).
You’re using someone else computer hardware without them knowing, and they don’t care (or they don’t know).
You get a new hobby that is exciting! Not just because of you mining (like the old job of mining gold), but also because Cryptocurrency in general is exciting. Prices fluctuates a thousand times in a week.
Not having to deal with exchanges. No transaction fees to take care of, and you can even be a seller of coins if you can mine a lot of them.
You can help strengthen the network and helps to protect it to 51% attack.
By being a mining, you get to have a vote where Bitcoin will lead. You as a miner can record the block and transaction. You get to make a consensus of where Bitcoin and other coins are headed. Isn’t this cool?
You can choose what to mine. You can have Bitcoin, Ethereum, Auroracoin, Putincoin, Dash, Ripple, Digibyte, Nxt, Monero, Emercoin, Gridcoin, Iota, ZCash, Peercoin, Ybcoin, Dogecoin, Litecoin, EOS, etc)
To give you ideas on what you can get out of this book, below are just some of the topic that I tackle:
What is Cryptocurrency?
What is Cryptocurrency mining?
What You Need to Know Before Starting or Joining a Cryptocurrency Mining Operation
The Process of Cryptocurrency Mining
The Evolution of Cryptocurrency Mining
How Does Cryptocurrency Mining Work?
Who can Mine Cryptocurrencies?
The Different Cryptocurrency Mining Software
The Advantages and Disadvantages of Cryptocurrency Mining
The Advantages of Cryptocurrency Mining
Who Benefits from Cryptocurrency Mining?
The Disadvantages of Cryptocurrency Mining
Hardware Safety Tips and Considerations when Mining Cryptocurrencies
The Future of Cryptocurrency Mining
The Most Recent Trend in Cryptocurrency Mining
Another Way to Create Cryptocurrency
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