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Articles & Books From Tyler Bain
Untangle the steps to mine crypto, including new coins and servicesThe 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'll learn what goes into building a mining rig that can complete cryptocurrency transactions and reap the rewards in the form of new coin.
A primer on the currency alternative that's changing the worldBitcoin can be a bit puzzling to the uninitiated. Ledger? Blockchain? Mining? These cryptocurrency concepts aren't going away, and there are tremendous opportunities for those with some know-how to get onboard with the crypto culture. Bitcoin For Dummies helps you get un-puzzled, learn the Bitcoin basics, and discover the possibilities in the new world of digital currencies.
Learn the skills to get in on the crypto crazeThe world of cryptocurrency includes some of the coolest technologies and most lucrative investments available today. And you can jump right into the middle of the action with Cryptocurrency All-in-One For Dummies, a collection of simple and straightforward resources that will get you up to speed on cryptocurrency investing and mining, blockchain, Bitcoin, and Ethereum.
Cheat Sheet / Updated 12-08-2021
Cryptocurrency All-in-One For Dummies provides helpful advice for navigating the blockchain world and cryptocurrencies that run them — from the ins and outs of wallets, exchanges, Bitcoin, and Ethereum to investing in cryptocurrencies and even mining your own.Here, we give you bonus content that we couldn’t fit in the book.
Article / Updated 02-16-2022
Cryptocurrency mining involves the addition of transactions to a blockchain by a crypto miner. But, it’s a bit more complicated than that. Take a look at decentralization and discover the role of the crypto miner.
Understanding decentralized currencies
Cryptocurrencies are decentralized — that is, no central bank, no central database, and no single, central authority manages the currency network.
Article / Updated 03-04-2020
Pool mining is a group of miners acting as a team to find blocks. The block rewards are proportionally split across all miners who contributed to the pool’s hashed Proof of Work; that is, the more hashing power you provided to the operation during a particular time period (the pool mining duration or mining round), the higher the share you receive for block rewards won by the pool during that time period.
Article / Updated 07-06-2021
A ton of helpful resources are online for aspiring cryptocurrency miners or those interested in learning more on the topic. These cryptocurrency mining resources are split into ten different categories, from resources that can help you track the price of cryptocurrencies to cryptocurrency whitepapers. Reviewing these resources can keep any aspiring crypto miner busy for many happy hours!
Article / Updated 12-27-2019
Decentralization of cryptocurrency is actually what makes it trustworthy. In general, more decentralized cryptocurrencies are likely to be more stable and likelier to survive (long enough for you to profit from mining) than more centralized and less distributed cryptocurrencies.In the cryptocurrency arena, the term decentralization is thrown around as an absolute: The system is either decentralized or it is not.
Article / Updated 07-10-2023
Cryptocurrency miners need to keep an eye on the latest mining info to be successful. The best method of checking the pulse of the burgeoning cryptocurrency mining industry is to stay up to date using online resources, such as social media and specific online forums covering the topic. ©Shutterstock/LuckyStepDue to the infancy of the cryptocurrency mining space, many news sources in the space can be misleading, downright inaccurate, or even propagate bought-and-paid-for content without a sponsored label.
Article / Updated 07-02-2021
After you have your hardware running, you’ll need to install the appropriate software to mine cryptocurrency. The software you’ll use depends on whether you’re pool mining or solo mining, your hardware setup (ASIC, GPU, or CPU), and the particular cryptocurrency you plan to mine.In some cases, the mining software replaces the entire operating system (ethOS and Braiins OS, for example), but in other cases, the software is application software that runs within another operating system, typically Microsoft Windows, Linux, or Apple’s macOS (such as Multiminer, niceHash, and Honeyminer).