Cryptocurrency Mining for Dummies: A Beginner's Guide to Mining Digital Currencies (2nd Edition)

Overview

Dive into the world of cryptocurrency mining with this comprehensive guide, adapted from Cryptocurrency Mining for Dummies, 2/e. Whether you're a novice or looking to refine your skills, this book demystifies the process of earning cryptocurrencies through mining—without the middleman fees.

Key Details

• Publisher: GOTOP
• Pages: 360
• Language: Traditional Chinese
• ISBN-10: 6263244909
• ISBN-13: 9786263244900
• Category: Fintech

Why Mine Cryptocurrencies?

Instead of purchasing cryptocurrencies through exchanges (and paying hefty fees), why not mine them yourself? This book equips you with the knowledge to:

• Understand proof-of-work algorithms.
• Build a custom mining rig.
• Identify profitable cryptocurrencies post-Ethereum.
• Leverage mining pools and cutting-edge tools for competitive advantage.

👉 Discover the best mining tools to kickstart your journey.

What You’ll Learn

• Demystify Cryptocurrency Mining: Uncover industry secrets and workflows.
• Evaluate Coins: Learn which cryptocurrencies yield the highest returns.
• Maximize Profits: Calculate costs vs. rewards efficiently.
• Build from Scratch: Assemble hardware and join mining pools.
• Launch Your Venture: Turn mining into a sustainable business.

About the Authors

Peter Kent and Tyler Bain, co-authors of Bitcoin For Dummies, bring decades of expertise:

• Peter Kent: Creator of the Crypto Clear video course and author of SEO For Dummies.
• Tyler Bain: Electrical engineer, mining consultant, and active cryptocurrency miner.

Table of Contents

PART 1: Getting Started

1. What Is Cryptocurrency?
2. Understanding Mining Basics
3. Blockchain Transactions Explained
4. Types of Mining

PART 2: Mining Evolution

5. Historical Shifts in Mining
6. Future Trends

PART 3: Becoming a Miner

7. Mining Pools & Account Setup
8. Choosing Profitable Coins
9. Hardware Essentials
10. Rig Assembly

PART 4: Economics of Mining

11. Cost-Benefit Analysis
12. Optimizing Efficiency
13. Scaling Your Operation

PART 5: Top Tips & Criticisms

14. Surviving Market Downturns
15. Boosting ROI
16. Must-Have Resources
17. Common Critiques

FAQs

1. Is mining still profitable in 2025?

Yes, but profitability depends on electricity costs, hardware efficiency, and coin selection.

2. What’s the easiest cryptocurrency to mine for beginners?

Monero (XMR) or Ethereum Classic (ETC) are beginner-friendly due to lower hardware demands.

3. How do mining pools work?

Pools combine miners’ computational power to increase reward chances, splitting earnings proportionally.

4. Can I mine with a regular PC?

While possible, GPUs/ASICs are recommended for competitive returns.

👉 Explore mining hardware options tailored to your budget.

Ready to Mine?

Equip yourself with the ultimate guide to cryptocurrency mining—no pickaxe required!

Limited-time offer: Get 21% off until July 2025.