Bitcoin Essentials

by Albert Szmigielski
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eBook

Publisher: Packt Publishing

Publication Date: February 23, 2016

ISBN: 9781785284670

Binding: Kobo eBook

Availability: eBook

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Gain insights into Bitcoin, a cryptocurrency and a powerful technology, to optimize your Bitcoin mining techniques

About This Book

  • Learn how to use the advanced features of Bitcoin wallets
  • Set up your Bitcoin mining operations to mine with efficiency
  • Explore what the future holds for mining and blockchains in this pragmatic guide

Who This Book Is For

If you have never mined before, this book will ensure that you know what mining is all about. If you are familiar with Bitcoin mining, then it will help you to optimize your mining operations at a deeper level. A basic understanding of computers and operating systems is assumed, and some familiarity with cryptocurrency basics would be an added advantage.

What You Will Learn

  • Get introduced to Bitcoin mining from the ground up
  • Find out about mining software and the different types of mining hardware
  • Master setup techniques to enable efficient mining
  • Examine the pros and cons of the different types of mining hardware
  • Deduce the differences between solo and pool mining
  • Take a peek into professional mining farms
  • Explore the future of mining and blockchain-based applications

In Detail

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.