Mining

The Unofficial Guide To Mining and Nodes

January 18, 2019

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The Unofficial Guide To Mining and Nodes

How To Mine…

Cryptocurrency is an exciting field, it is all the rage at the moment, there are new coins constantly, the markets always changing, and is filled with intriguing and exciting concepts! There is a lot that happens within blockchain and cryptocurrency, it can be intimidating, there is jargon from many fields, abstract concepts, and it doesn’t help that money can be on the line. It seems a little crazy to consider it a single subject, there is just so much going on. 

I have heard people talk about how much you need to know to do mining, you need to be an expert programmer, mathematician, or some mythical tech guru. That’s just wrong, you can do basic mining with nothing more than a general understanding about computers and a willingness to learn. 

My goal here is to bring you into the world of mining, to strip away the fear of mining, and show that all you need, is an interest and little follow-through. Mining is not a magic way to get an income, there are risks as well as rewards, you can make money, but you do need to be prepared to spend some upfront. There is the potential for strong profits, with some knowledge of the market and mining the current coins!

This guide will show you all the aspects of mining cryptocurrency, from the types of mining to building your own miner. There is a lot to consider when learning about mining, especially when deciding if you should take the plunge, and a miner, which is a decision this guide aims to make easy. We will look at the different areas that affect mining, when you should mine, and how to have the ability to do that. We will cross examine mining through a variety of disciplines to build an exhaustive view of the technology. One needs to know the conceptual underpinnings of the concept of blockchain, an idea of what it means to make a miner including the risks, a knowledge of the landscape, the practical skills to build it, and many more. I aim to give you all the skills and knowledge to make your very own cryptocurrency miner!

Cryptocurrency is an exciting field, it is all the rage at the moment, there are new coins constantly, the markets always changing, and is filled with intriguing and exciting concepts! There is a lot that happens within blockchain and cryptocurrency, it can be intimidating, there is jargon from many fields, abstract concepts, and it doesn’t help that money can be on the line. It seems a little crazy to consider it a single subject, there is just so much going on. 

I have heard people talk about how much you need to know to do mining, you need to be an expert programmer, mathematician, or some mythical tech guru. That’s just wrong, you can do basic mining with nothing more than a general understanding about computers and a willingness to learn. 

My goal here is to bring you into the world of mining, to strip away the fear of mining, and show that all you need, is an interest and little follow-through. Mining is not a magic way to get an income, there are risks as well as rewards, you can make money, but you do need to be prepared to spend some upfront. There is the potential for strong profits, with some knowledge of the market and mining the current coins!

This guide will show you all the aspects of mining cryptocurrency, from the types of mining to building your own miner. There is a lot to consider when learning about mining, especially when deciding if you should take the plunge, and a miner, which is a decision this guide aims to make easy. We will look at the different areas that affect mining, when you should mine, and how to have the ability to do that. We will cross examine mining through a variety of disciplines to build an exhaustive view of the technology. One needs to know the conceptual underpinnings of the concept of blockchain, an idea of what it means to make a miner including the risks, a knowledge of the landscape, the practical skills to build it, and many more. I aim to give you all the skills and knowledge to make your very own cryptocurrency miner!

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