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Bitcoin Essentials

Bitcoin Essentials

By : Szmigielski
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Bitcoin Essentials

Bitcoin Essentials

2 (2)
By: Szmigielski

Overview of this book

Blockchain is being billed as the technology of the future. Bitcoin is the first application of that technology. Mining is what makes it all possible. Exploring mining from a practical perspective will help you make informed decisions about your mining setup. Understanding what the future may hold for blockchains, and therefore for mining, will help you position yourself to take advantage of the impending changes. This practical guide starts with an introduction to Bitcoin wallets, as well as mining hardware and software. You will move on to learn about different mining techniques using the CPU, GPU, FPGA, and ultimately the ASIC as an example. After this, you will gain an insight into solo mining and pool mining, and see the differences between the two. The book will then walk you through large-scale mining and the challenges faced during such operations. Finally, you will take a look into the future to see a world where blockchain-based applications are commonplace and mining is ubiquitous.
Table of Contents (10 chapters)
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9
Index

Preface

Surely, by now you have heard of the phenomenon called Bitcoin. Is it digital money, is it a payment system, is it a network, or is it something else? The answer is yes to all the previous questions. Bitcoin is all of those and more. In this book, we will concentrate on the mining aspect of Bitcoin. Mining is how new bitcoins are created and how transactions are accepted into the Bitcoin blockchain. We will show you how to mine for yourself, if you are interested. We explain step-by-step what is necessary and how to do it. CPU, GPU, FPGA, and ASIC mining is also discussed. We will examine solo mining and pool mining. We will spend a little bit of time taking a look at large mining operations. Finally, we will speculate what the future may look like in the mining world of Bitcoin.

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