A
- Accelerated Processing Unit (APU), vs. CPU cs. GPU vs. ASIC, 139
- addresses
- for blockchain, 22–23, 26
- changing, 46–47
- for payouts, 114
- Albanian Generals Problem. See Byzantine Generals Problem (Byzantine Fault)
- algorithms
- cryptocurrencies and, 131–138
- mined without ASICs, 134–138
- requiring specialized ASICs, 133–134
- Amazon, 251
- AMD, 91, 189
- American Red Cross (website), 256
- Angry IP Scanner, 114, 181
- antifragile, 144
- anti-money laundering (AML), 25
- Antminer Bitmain S9, 176, 222
- Antonopolous, Aundreas, 61
- AntPool (website), 104
- Application Specific Integrated Circuits (ASICs)
- about, 36, 56, 101
- algorithms mined without, 134–138
- algorithms requiring specialized, 133–134
- vs. CPU vs. GPU vs. APU, 139
- dominance and efficiency of, 77–79
- manufacturer ratings, 206–207
- mining rigs, 175–183
- rig producers of, 164–165
- applications, of Proof of Work (PoW) algorithms, 55–56
- ASICs (Application Specific Integrated Circuits). See Application Specific Integrated Circuits (ASICs)
- ASUS, 187–188
- AT&T (website), 251
- Auroracoin (AUR), 244–245
- Australia, cryptocurrency in, 91
B
- B250 Mining Expert, 187–188
- bandwidth, 167
- BCD, 138
- Beenz, 10
- BetterHash (website), 103
- BFGMiner, 200
- Big Three criteria, 102
- bills, paying, 250–251
- Binance Pool (website), 104
- Bitcoin (BTC)
- about, 11–12
- block subsidy in, 31–32
- blockchain explorers, 305–306
- competing for, 48–50
- full node network (website), 43
- global legal status (website), 90
- mining pools for, 104
- network graphs (website), 306
- peer-to-peer protocol, 40
- presets, 51
- as a Proof of Work (PoW) cryptocurrency, 56
- resources for, 116
- software, 321
- website, 104
- white paper, 10–11, 308
- winning, 50–51
- “Bitcoin: A Peer-to-Peer Electronic Cash System” (Nakamoto), 10–11
- Bitcoin Blockchain Matrix (website), 306
- Bitcoin Cash, 241–243
- Bitcoin Cash Metrics (website), 307
- Bitcoin Core (website), 41
- Bitcoin EDU (website), 309
- Bitcoin for Everybody (website), 309
- Bitcoin is Hope (website), 309
- Bitcoin Lessons (website), 309
- Bitcoin Magazine, 235
- Bitcoin Mining, 165
- Bitcoin Mining Container, 165
- Bitcoin subreddit, 235
- Bitcoin Support (website), 309
- Bitcoin Talk, 108, 234
- Bitcoin Transaction Visualization (website), 306
- Bitcoin Visuals (website), 259, 307
- Bitcoin Volatility Index, 284
- Bitcoin Wiki (website), 307
- Bitcoin Wiki Benchmarks, 208, 209
- BitcoinBeginners subreddit, 235
- Bitcoinity (website), 259, 307
- BitcoinTaxes (website), 265
- The Bitcoin Big Bang (website), 306
- The Bitcoin Machine (website), 41
- The Bitcoin Standard (website), 309
- bitcointicker (website), 306
- BitcoinWiki (website), 307
- BitFury, 164
- BitGive (website), 256
- BitGold, 10
- BitInfoCharts, 145–146, 217, 218, 241–243, 246, 259, 307
- Bitmain, 164
- Bitmain Antminer, 163–164, 182
- Bitnodes (website), 306
- Bitrefill, 252
- Blackcoin, 63
- “Blind Signatures for Untraceable Transactions” (Chaum), 9
- block difficulty
- about, 93
- adjustment algorithm, 93–95
- increasing, 245–246
- Block Digest, 235
- block earnings, 218, 219–223
- block producers, 69
- block reward, 32
- block subsidy, as an incentive for bitcoin miner, 32
- Blockchain.com (website), 305
- blockchains
- about, 11–12, 13
- address for, 22–23, 26
- encrypted, 19
- explorer, 19
- hashing, 14–15
- immutability of, 15–16
- messages to, 21–22
- network for, 13–14
- research on, 305–306
- satellite, 168
- Blockchair (website), 305
- Blockcypher (website), 305
- BlockStream, 168, 172
- Blockstream Explorer (website), 305
- b-money, 10
- Bohr, Niels, 228
- Braiins Insights, 226
- Braiins Mining Insights, 209
- Braiins OS, 197–198, 199
- Braiins.com (website), 304
- Brevand, Marc, 313
- Brunei, Bitcoin in, 89
- BTC (Bitcoin). See Bitcoin (BTC)
- BTC Sessions (website), 309
- BTC.com (website), 104
- BTCMiner, 200
- BTCPay Server (website), 41
- bug, 144
- building
- central processing unit (CPU), 189–190
- fans, 194
- GPU miners, 185–195
- graphical processing units (GPUs), 190–191
- hard drives, 193–194
- keyboard, 194–195
- memory, 192–193
- mining rig frames, 185–187
- motherboards, 187–189
- mouse, 194–195
- operating system, 194–195
- power supplies (PSUs), 193
- rise card/cables, 192
- screen, 194–195
- burn rate, 276
- buying
- the Dip, 280–281
- equipment, 250–251
- Byzantine Generals Problem (Byzantine Fault), 34–35
C
- C11, 137
- calculating
- for pool mining, 221–223
- power consumption, 214–215
- return on investment (ROI), 218–228
- for solo mining, 219–221
- Canaan, 164
- candidate block, 48, 49, 50
- Cannabis Coin, 132
- capability, of hash rates, 210–211
- Carmichael numbers, 20
- CaseBitcoin (website), 309
- Casper FFG, 68
- CBOE (Chicago Board of Exchange), 91
- Central Processing Unit (CPU)
- about, 76, 101
- benchmarks, 208
- building, 189–190
- vs. GPU vs. APU vs. ASIC, 139
- centralization, 320–321
- CGMiner, 200
- chain tip, 65
- changing addresses, 46–47
- Chaum, David (cryptographer)
- “Blind Signatures for Untraceable Transactions,” 9
- Digicash, 10
- Cheat Sheet (website), 3
- Chicago Board of Exchange (CBOE), 91
- China, Bitcoin in, 89
- Chinese Generals Problem, 34–35
- choosing
- computational mining hardware, 153–164
- cryptocurrencies to mine, 123–151
- miners, 35–37
- mining pools, 81–82, 102–112
- servers, 113
- viable locations, 166–173
- Circle, 92
- Citadel 256 (website), 172
- civil war, 238
- Clear, Michael, 12
- client, 40
- client-server networks, 40
- cloning, 237
- cloud mining, 83–84, 116–118
- CNReverseWaltz, 138
- coin age, 67
- Coin Center, 313
- Coin Dance, 259, 307
- coin distribution, 148–149, 319
- coin issuance, 148–149
- Coin Metrics, 259, 307
- COIN360 (website), 306
- coin-age, 62
- Coinbase, 92
- CoinCap (website), 218, 304
- CoinDance, 146
- CoinDesk, 235, 259, 307
- CoinGate, 251
- CoinGecko (website), 218
- CoinJournal, 235
- Coinlib (website), 218
- CoinLore (website), 304
- Coinmap, 251
- CoinMarketCap, 218, 244, 296, 304
- CoinShares, 313
- CoinWarz, 127, 141, 225, 304
- colocation center, 172
- communication requirements, for equipment, 167–168
- community support, 146–148
- Compass Mining (website), 117, 172
- competition
- for Bitcoin, 48–50
- increasing, 245
- Complete Idiot's Guide to the Internet (Kent), 319
- computational efficiency, improvements in, 88–89
- computational mining hardware, selecting, 153–164
- Compute North (website), 172
- computers, 181–183
- conjoin, 25
- connections, 180–183
- consensus, 13–14, 237
- consensus algorithms, 34–35
- consensus process, 48, 53
- container producers, 165
- conversion rates, 218
- converting cryptocurrency, 250
- cooling efficiently, 299–300
- Core Cryptocurrency Software, 200
- Core Scientific (website), 172
- core software, 199
- corporate state participation, 89, 91
- cost
- of electricity, 213–216
- of equipment, 161–162, 204–205
- of facilities, 213
- of maintenance, 212–213
- Counterparty (XCP), 71
- CPU (Central Processing Unit). See Central Processing Unit (CPU)
- CPU mining, 76, 101, 195
- credit cards, 8–9
- crossover mining, 57
- CrypoNightSaber, 138
- crypto anarchist, 96, 254
- Crypto Anarchist Manifesto (May), 254
- Crypto Clear: Blockchain & Cryptocurrency Made Simple video course (website), 3, 166, 309
- Crypto Tax Girl (website), 265
- Crypto51 (website), 259
- Crypto51 PoW 51% Attack Cost (website), 307
- Crypto-CoinZ, 127
- CryptoCompare, 208, 218, 304
- cryptocurrencies
- about, 7, 18–20, 123
- algorithms and, 131–138
- community support, 146–148
- components of, 25–27
- converting, 250
- CPU vs. GPU vs. APU vs. ASIC, 139
- decentralization, 148–151
- details page for, 138–139
- determining goals for, 124–126
- donating, 256
- exchanges, 260
- game theory, 58
- gifting, 256–257
- GitHub, 142–143
- hash power, 141
- hash rate and security of, 145–146
- hash rate units, 132
- home page for, 141–142
- investing, 255
- iterative process, 151
- longevity of, 144–145
- Metcalfe's Law, 147
- minability of, 126–127
- mining forums, 144
- mining profitability comparison websites, 127–131
- mining-profit calculators, 140
- as one of Big Three criteria, 102
- paying with, 251–252
- pseudonymous, 25
- researching, 127–144
- selecting to mine, 123–151
- switching between, 285
- Wikipedia page for, 143
- cryptocurrency networks. See networks
- cryptocurrency wallets. See wallets
- CryptoFolio (website), 265
- CryptoID (website), 305
- CryptoNight Conceal, 138
- CryptoNight Fast, 138
- CryptoNight FastV2, 138
- CryptoNightHaven, 138
- CryptoNightR, 137
- CryptoTrader.Tax (website), 265
- Cuckatoo29/29s/31, 138
- Cuckoo Cycle, 138
- Cudo Miner, 103, 118–122, 154
- Curecoin, 316
- currencies, decentralized, 30–31
- current events, 235–236
- custodial exchange risk, 262–263
- custodial wallets, 40–41, 241
- Cybercash, 10
- Cybercoin, 10
- Cypherpunk Mailing List, 308
- Cypherpunk Manifesto, 309
D
- Danko, William, The Millionaire Next Door, 257
- DarkNet (DNET), 27
- DASH code, 27, 68, 154
- data, resources for, 307
- data centers, 172–173
- data visualizations, 306
- databases, 13
- dBFT (delegated Byzantine Fault Tolerance), 69–70
- DCA (dollar cost averaging), 260–263
- de Vries, Alex, 313
- decentralization, 148–151
- decentralized currencies, 30–31
- decrypting messages, 24–25
- DEC's Millcent, 10
- dedicated commercial locations, 172–173
- delegated Byzantine Fault Tolerance (dBFT), 69–70
- delegated Proof of Stake (dPoS), 69
- details page, for cryptocurrency, 138–139
- determining goals, 124–126
- DGM (Double Geometric Method), 107
- Digicash, 10
- digital currency, history of, 8–12
- digital gold, 57
- Digital Shovel, 165
- diminishing returns, 246–247
- DISH (website), 251
- distributing coins, 148–149
- DNET (DarkNet), 27
- Dogecoin, 143, 154
- dollar cost averaging (DCA), 260–263
- Dollar Cost Averaging Into Bitcoin, 262
- donating cryptocurrency, 256
- Double Geometric Method (DGM), 107
- downloading processor testers, 209
- dPoS (delegated Proof of Stake), 69
- Dummies (website), 3
- dust, 115
E
- Easyminer, 197
- eater address, 70
- EBang, 164
- eCash, 10
- ECOS (website), 117
- efficiency
- about, 157, 211–212
- of cooling, 299–300
- of mining rigs, 210–213
- profitability through, 230–234
- E-Gold, 10
- EH/s (exahashes per second), 132
- Electric Power Research Institute (EPRI), 313
- electrical infrastructure, installations vs., 171–172
- electricity
- cost averaging, 262
- cost of, 213–216
- estimating monthly energy usage/cost, 216
- finding cheap, 298–299
- reducing bills for, 232–234
- Electronic Frontier Foundation (website), 256
- encrypted blockchains, 19
- encryption, public key, 20–25, 47
- energy consumption, 312–315
- energy exploration, incentivization of, 85–87
- Equihash, 58, 133–134, 159, 206, 208
- Equihash 192/7, 137
- equipment
- about, 153
- buying, 250–251
- communication requirements for, 167–168
- container producers, 165
- cost of, 161–162, 204–205
- hash rate of, 206–209
- mining location, 166–173
- as one of Big Three criteria, 102
- pool settings for, 113–114
- power source for, 168–172
- safety and, 170–171
- selecting computational mining hardware, 153–164
- upgrading ageing, 230
- wallets, 166
- error avalanche, 34–35
- estimating monthly energy usage/cost, 216
- ETC (Ethereum Classic), 238
- ETH (Ethereum). See Ethereum (ETH)
- EtHash, 57, 68, 135–136, 154, 159
- Ether, as a Proof of Work (PoW) cryptocurrency, 57
- etherchain.org (website), 306
- Ethereum (ETH)
- about, 68, 238–239, 241–243
- block explorers, 306
- Ethash algorithm for, 154
- mining pools for, 104–105
- network, 57
- resources for, 116
- Ethereum Classic (ETC), 238
- Ethereum Original white paper, 308
- Ethereum Updated white paper, 308
- Ethereum Wiki (website), 308
- The Ethereum Wiki (website), 308
- Ethermine (website), 104
- Ethernet connection, 180–183
- Etherscan (website), 306
- ethOS operating system, 185, 197, 199
- evaluating mining resources, 245–247
- events
- current, 235–236
- halving, 246–247
- exa hashes, 79
- exahashes per second (EH/s), 132
- examples
- hybrid Proof of Stake/Proof of Work, 68
- Proof of Stake (PoS), 63
- Proof of Work (PoW) algorithms, 56–58
- exchanges, 260
- exhaust heat, 231–232
- exit scam, 165
- expansion, of mining, 253, 268–269
- expenses, 223
F
- F2Pool (website), 104, 105
- Facebook, 92
- facilities, cost of, 213
- fans, building, 194
- fees
- mining pool, 110
- transaction, 44–46
- Fidelity, 91
- Field Programmable Gate Array (FPGA), 77, 199
- 51 percent attacks, 59, 103
- fingerprinting, 14–15
- Finney, Hal (cryptographer), 12
- fire hazards, 323
- First Virtual, 10
- Flooz, 10
- FlyPool (website), 105
- Foldingcoin, 316
- forging, 62
- forking, 27, 236–243
- forums, mining, 144
- Foundry USA Pool (website), 104
- FPGA (Field Programmable Gate Array), 77, 199
- FPPS (Full Pay-Per-Share), 107
- Free Software Foundation (website), 256
- Frontier Mining (website), 172
- full nodes, 42
- Full Pay-Per-Share (FPPS), 107
- fully validating nodes, 42
G
- game theory, 58
- Gemini, 92
- General Public License (GNU), 197
- genesis block, 70, 76
- Genesis Mining (website), 117
- GH/s (gigahashes per second), 132
- gift tax, 256
- gifting cryptocurrency, 256–257
- gigahashes per second (GH/s), 132
- GitHub, 142–143
- Github Ethereum Wiki (website), 308
- GMO Internet, Inc., 91
- GNU (General Public License), 197
- goals, determining, 124–126
- Goppa codes, 20
- GPUs (Graphical Processing Unit). See Graphical Processing Unit (GPU)
- GPUshack.com (website), 185
- Graphical Processing Unit (GPU)
- about, 76–77, 101
- building, 190–191
- vs. CPU vs. APU vs. ASIC, 139
- mining rigs, 183–195
- rig producers of, 165
- graphical user interface (GUI), 113
- Gray Matter Industries rack, 176
- Gridcoin, 316
- Groestl, 138
- guaranteed profits, scams and, 109
- GUI (graphical user interface), 113
- Gyft, 252
H
- halving events, 246–247
- hard disk drive (HDD), 193–194
- hard drives, building, 193–194
- hardware
- about, 175
- ASIC mining rigs, 175–183
- CPU mining, 195
- deals on, 300–301
- GPU mining rigs, 183–195
- mining software, 196–200
- price inflation and scarcity of, 322
- setting up, 175–200
- viability of, 162–164
- Hash Rate Index, 209
- hash rates
- about, 78
- alternative cryptocurrencies for low, 293–294
- capability of, 210–211
- cryptocurrency security and, 145–146
- defined, 130
- of equipment, 206–209
- scams and proof of, 109
- specified, 154–156
- units for, 132
- website, 146
- Hash Time Locked Contracts (HTLCs), 318
- Hashcash, 10
- hashes
- hashes per second (H/s), 132, 208
- Hashgains (website), 117
- hashing, 14–15
- hashing board, 212–213
- HashNest (website), 117
- hash-rate converter, 220
- Hashrate Index, 226
- HDD (hard disk drive), 193–194
- HEX, 137
- historical estimates, 226–228
- Hive OS, 197
- hodling, 253–255
- home pages, for cyptocurrency, 141–142
- homes, for cryptocurrency mining, 166–167
- How Many Confirmations (website), 259, 307
- H/s (hashes per second), 132
- HTLCs (Hash Time Locked Contracts), 318
- hybrid Proof of Stake/Proof of Work, 65–69
- hydroelectric dams, 86
- Hydro-Québec, 172
I
- icons, 2–3, 18–19
- ideology, mining pool, 108
- immutable, 31
- improving
- block difficulty, 245–246
- competition, 245
- return on investment (ROI), 291–301
- incentives, mining, 105–108
- incentivization, of energy exploration, 85–87
- infrastructure, no publicly auditable, scams and, 109
- Innosilicon, 164
- installations, electrical infrastructure vs., 171–172
- The International Energy Agency (IEA), 313
- Internet, 8
- Internet access, 167
- Internet Archive (website), 256
- Internet Protocol (IP), 113–114
- investing, cryptocurrency, 255
- IOCoin, 237
- IP (Internet Protocol), 113–114
- IP Reporter, 181
- IQMining (website), 117
- Iran, cryptocurrency in, 90
- issuing coins, 148–149
- iterative process, 151
J
- Jameson Lopp (website), 309
- Japan, cryptocurrency in, 91
- joule, 158
- JPMorgan Chase, 92
K
- Kent, Peter, Complete Idiot's Guide to the Internet, 319
- keyboards, building, 194–195
- Kik messenger, 92
- know your customer (KYC), 25
- Kryptex, 103, 154
L
- L3 ASICs, 176
- LAN (Local Area Network), 113, 180
- Lansky, Jan, 32
- latency, 167
- Layer 2, 25
- LBK3, 137
- LCPoA (Limited Confidence Proof of Activity), 71
- Learn Me a Bitcoin (website), 309
- ledgers, 16–17
- legal payment method, 91
- legal tender, 91
- Lehdonvirta, Vili, 12
- Liberty Reserve, 10
- Light Speed Hosting (website), 172
- Lightning in a Box (website), 41
- lightning network, 318
- lightweight node, 42
- Limited Confidence Proof of Activity (LCPoA), 71
- Lindy Effect, 128, 144
- Linux machines, 183
- listening nodes, 42
- LitcoinPool.org (website), 104
- Litecoin (LTC)
- about, 154, 239
- mining pools for, 104
- as a Proof of Work (PoW) cryptocurrency, 57
- resources for, 116
- Litecoin Wiki (website), 308
- Living Room of Satoshi, 252
- load factor, 298
- Local Area Network (LAN), 113, 180
- locations
- data centers, 172–173
- dedicated commercial, 172–173
- selecting viable, 166–173
- lock icon, 18–19
- longevity, cryptocurrency and, 144–145
- LTC (Litecoin). See Litecoin (LTC)
- Lykke (website), 306
- Lyra2v2 algorithm, 134
- Lyra2z, 136
M
- maintenance cost, 212–213
- manufacturers' ratings, for Application Specific Integrated Circuits (ASICs), 206–207
- market bubbles, 319–320
- market capitalization, 28
- market dips, 273–290
- market history, learning from, 277–279
- market indicators, 257–260
- market recovery, 281–282
- market trackers, 304
- Market Value Realized Value (MVRV) ratio, 258
- market volatility, 283–285, 319–320
- markets, playing, 293
- masternode, 68
- May, Tim, Crypto Anarchist Manifesto, 254
- Mayer, Trace, 257
- Mayer Multiple, 257
- McCaleb, Jed, 12
- McCook, Hass, 313–314
- megahashes per second (MH/s), 132
- memory, building, 192–193
- memory pool (mempool), 48
- mempool.space (website), 305, 306
- merchant account, 9
- Merkle Report, 235
- messages
- to blockchain, 21–22
- decrypting, 24–25
- sending transaction, 23
- signing with private key, 22
- Messari, 218, 235, 304
- Metcalfe, Robert, 147
- Metcalfe's Law, 147
- methane, 87
- MH/s (megahashes per second), 132
- Microsoft (website), 251
- Millcent (DEC), 10
- The Millionaire Next Door (Danko), 257
- miner death spiral, 92–96
- Minerall (website), 105
- MinerGate, 103, 208
- miners of last resort, 95–96
- MinerStat, 208
- MineXMR.com (website), 105
- mining
- about, 27–28, 29, 37, 53, 71, 75, 230–231
- choosing miners, 35–37
- cloud, 83–84
- computational efficiency improvements, 88–89
- corporate state participation, 89, 91
- CPU, 76
- crossover, 57
- decentralized currencies, 30–31
- delegated Byzantine Fault Tolerance (dBFT), 69–70
- delegated Proof of Stake (dPoS), 69
- evolution of, 75–84
- expanding, 253
- future of, 85–96
- future speculation, 91–92
- homes for, 166–167
- hybrid Proof of Stake/Proof of Work algorithms, 65–69
- incentives, 105–108
- incentivization of energy exploration, 85–87
- miner death spiral, 92–96
- nation state participation, 89–91
- pool, 80–83, 84
- profitability comparison websites, 127–131
- Proof of Burn (PoB), 70–71
- Proof of Stake (PoS) algorithms, 60–65, 126–127
- Proof of Work (PoW) algorithms, 53–59, 76–79
- protocol for, 32–34
- rewards, 105–108
- role of miners, 31–32
- scrypt, 57
- solo, 79–80, 200, 219–221
- starts of chains, 294–297
- stopping, 286–290
- upgrading, 253
- validators and, 61
- Mining Colocation (website), 172
- mining duration, 105
- Mining Express (website), 105
- mining farms, 83
- mining forums, 144
- mining node, 80–81
- mining pools
- about, 80–81, 209
- calculating for, 221–223
- choosing, 102–112
- duration of, 100–101
- fees, 110
- how it works, 100–101
- ideology, 108
- information about, 217
- percentage of total network, 110–112
- pros and cons of, 82–83
- reputation, 108–110
- researching, 115–116
- software for, 196–200
- mining rigs
- building, 185–195
- building frames, 185–187
- defined, 30
- efficiency of, 210–213
- getting online, 183–184
- mining round, 100–101, 105
- mining software, 196–200
- Mining Store, 165
- Miningchamp, 209
- mining-profit calculators, 140
- mining-service company, 172–173
- MiningSky, 165, 172
- MiningSky V1 GPU Mining Rig, 194–195
- MiningStore, 165, 173
- minting, 62
- Mochizuki, Shinichi, 12
- Monero (XMR)
- about, 25, 154, 195, 199, 219–220
- mining pools for, 105
- as a Proof of Work (PoW) cryptocurrency, 57
- website, 308
- Monero Benchmarks, 208
- Moon (website), 251
- Moore, Gordon, 88
- Moore's Law, 88
- Mother of Dragons, 198
- motherboards, building, 187–189
- mouse, building, 194–195
- moving average, 257
- MTP, 138
- multilevel marketing schemes (MLMs), scams and, 109
- MultiMiner, 198
- Musk, Elon, 12
- MVRV (Market Value Realized Value) ratio, 258
- myNode One (website), 41
N
- Nakamoto, Satoshi, 10–12, 263, 308, 318
- “Bitcoin: A Peer-to-Peer Electronic Cash System,” 10–11
- NanoPool (website), 105
- nation state participation, 89–91
- National Electric Code (NEC), 169
- neighbor complaints, 323–324
- NEO, 70
- NeoScrypt, 134–135
- NetBSD, 236
- network connection, 180–183
- network hash rate, 149, 162, 217
- Network Utility app, 183
- network value to transactions ratio (NVTr), 258
- networks, 40–43
- Newegg, 186, 251
- NiceHash, 102, 103, 127, 154, 197
- Nividia, 91
- node client implementations, 149
- node count, 149
- Nodl (website), 41
- nonce, 50
- nonlistening nodes, 42
- nonmineable, 27
- North Korea, cryptocurrency in, 90
- NVT Ratio, 258
- NVT signal, 258
- NVTr (network value to transactions ratio), 258
- NXT, 63
O
- oil and gas exploration, 87
- oil-field flaring, 87
- online profitability calculators, 225–226
- OpenNode (website), 41
- operating systems, building, 194–195
- orphaned blocks, 65
- outputs, in transactions, 44–46
- overall network hash rate, 101
- overclocking, 210
- overextending, 266
- Overstock (website), 251
- OXT (website), 306
- OXT Landscapes (website), 306
- The PandaMiner B Pro series, 165
- panic, market volatility and, 279–280
- patched, 144
- paying, with cryptocurrency, 250–252
- PayMon, 90
- payout threshold, 115
- payouts
- addresses for, 114
- as one of Big Three criteria, 102
- Pay-Per-Last N Shares (PPLNS), 107
- Pay-Per-Share (PPS), 107
- PCIe (Peripheral Component Interconnect Express) power cables, 178
- PDUs (power delivery units), 169–170, 179–180
- Peercoin, 60, 62, 68
- peer-to-peer networks, 40, 90
- Peripheral Component Interconnect Express (PCIe) power cables, 178
- Perkins, Anthony, 320
- Perkins, Michael, 320
- perpetrators, anonymous, scams and, 109
- petahashes per second (PH/s), 132
- Petro, 90, 154
- PHI2, 137
- PHI1612, 137
- PH/s (petahashes per second), 132
- physical node distribution, 150
- Piixpay, 252
- ping command, 183
- Ping screen, 183
- PIVX (Private Instant Verified Transaction), 27, 68
- planning, for market dips, 274
- playing markets, 293
- PoA (Proof of Activity), 71
- PoB (Proof of Burn), 70–71
- PoC (Proof of Capacity), 71
- PoET (Proof of Elapsed Time), 71
- pool accounts
- about, 99–100
- choosing mining pools, 102–112
- cloud mining, 116–118
- Cudo Miner, 118–122
- equipment settings, 113–114
- pool mining, 100–101
- researching mining pools, 115–116
- setting up, 113–115
- Poolin (website), 104
- PoS (Proof of Stake). See Proof of Stake (PoS) algorithms
- PoW (Proof of Work). See Proof of Work (PoW) algorithms
- power consumption
- measuring, 214–215
- specified, 156–161
- power delivery units (PDUs), 169–170, 179–180
- power source, for equipment, 168–172
- power supplies (PSUs), 170–171, 177–179, 193
- PPLNS (Pay-Per-Last N Shares), 107
- PPS (Pay-Per-Share), 107
- premined distributions, 58
- pre-mining, 27–28, 295
- presets, Bitcoin, 51
- price discovery, 280
- prime number, 316
- Primecoin, 316
- Private Instant Verified Transaction (PIVX), 27, 68
- private keys
- ownership of, 24
- relationship with address control, 26
- relationship with public keys, 26
- signing messages with, 22
- processing, wasted, 315–317
- processors, 207–209
- profitability
- determining factors of, 204–218
- estimation tools, 304
- online calculators for, 225–226
- through efficiency, 230–234
- profitability calculator (website), 209
- ProgPoW, 137
- Proof of Activity (PoA), 71
- Proof of Burn (PoB), 70–71
- Proof of Capacity (PoC), 71
- Proof of Elapsed Time (PoET), 71
- Proof of Stake (PoS) algorithms
- about, 60–62
- for choosing miners, 35–36
- downsides, 64–65
- examples, 63
- mining cryptocurrencies, 126–127
- selections, 62–63
- upsides, 64
- Proof of Work (PoW) algorithms
- about, 53–55
- applications, 55–56
- for choosing miners, 35
- downsides, 59
- examples, 56–58
- mining evolution, 76–79
- upsides, 58
- Proof of Work task, 49
- propagates, 48
- property rights registries, 13
- pseudonymous cryptocurrencies, 25
- PSUs (power supplies), 170–171, 177–179
- public key encryption
- about, 20–21, 47
- blockchain address, 22–23
- decrypting messages, 24–25
- messages to blockchain, 22
- private key ownership, 24
- pseudonymous cryptocurrencies, 25
- sending transaction messages, 23
- signing messages with private key, 22
- public keys, 26
- purchases, dollar cost averaging for, 261–262
- Purse (website), 251
- pyramid schemes, scams and, 109
R
- rack mountable ASICs, 176
- racks, 176–177
- Random Access Memory (RAM), building, 192–193
- Raspberry Pi, 198
- RaspiBlitz (website), 41
- r/bitcoin (website), 305
- r/bitcoincash (website), 305
- r/dashpay (website), 305
- r/dogecoin (website), 305
- realized market capitalization, 258
- Realtime Bitcoin Globe (website), 306
- Recent Shared Maximum Pay-Per-Share (RSMPPS), 107
- Reddit, 304–305
- reducing electricity bills, 232–234
- Remember icon, 2
- replay attack, 239
- replay protection, 239
- reputation, mining pool, 108–110
- researching
- cryptocurrencies, 127–144
- importance of, 291–292
- mining pools, 115–116
- resources
- for Bitcoin, 116
- for Ethereum, 116
- evaluating, 245–247
- for Litecoin, 116
- types of, 303–309
- r/ethereum (website), 305
- return on investment (ROI)
- about, 124–126
- calculating, 218–228
- improving, 291–301
- rewards
- hybrid Proof of Stake/Proof of Work, 68
- mining, 105–108
- ring signatures, 57
- rip-offs, 321–322
- Ripple (XRP), 28
- rise card/cables, building, 192
- r/litecoin (website), 305
- ROI (return on investment). See return on investment (ROI)
- Rosewill GPU mining case/frame, 186
- Rothschild, Baron, 292–293
- RSMPPS (Recent Shared Maximum Pay-Per-Share), 107
- Rumsfeld, Donald, 224
- runway, 276
- r/zec (website), 305
S
- safety, equipment, 170–171
- Samourai Dojo (website), 41
- Samsung, 91
- satellite access, 168
- satellite blockchain, 168
- Satochi.co Bitcoin Volatility Index, 284
- Satoshi, 44
- Satoshi Nakamoto Institute, 308
- scalability, 64, 317–319
- scaling up, 265–269, 297
- scams, 321–322
- Score Based System (SCORE), 107
- scoring hash rate method, 222–223
- screens, building, 194–195
- script, 47
- Scrypt algorithm, 133, 159
- scrypt mining, 57
- security, of cryptocurrency, 145–146
- selections, Proof of Stake (PoS), 62–63
- selling considerations, 257–260
- sending transaction messages, 23
- servers, choosing, 113
- setup
- hardware, 175–200
- pool accounts, 113–115
- SHA-256 algorithm, 36, 56, 133, 154–156, 164, 204, 206, 208, 210, 211, 214, 242
- Shamining (website), 117
- share, 106
- Shared Maximum Pay-Per-Share (SMPPS), 107
- Shark Mining, 194–195
- Shostak, Leslie Lamport, 34
- signing messages with private key, 22
- Simple Payment Verification (SPV) nodes, 42
- Slush Pool, 102, 104, 105, 222
- SMPPS (Shared Maximum Pay-Per-Share), 107
- social consensus, 149–150
- software
- Bitcoin, 321
- core, 199
- mining, 196–200
- for pool mining, 196–200
- software code contributors, 150
- software forks, 236–237
- SolarCoin (website), 306
- solo mining, 79–80, 200, 219–221
- solutions per second, 208
- specified hash rate, 154–156
- specified power consumption, 156–161
- SPV (Simple Payment Verification) nodes, 42
- Square, 91
- Stack Exchange, 235
- staking currency, 58
- standard deviation, 283
- Start 9 Labs Embassy (website), 41
- statistics, resources for, 307
- Statoshi.info (website), 306
- Stellar, 28
- submitting transactions, 44–51
- super nodes, 42
- supply chain tracking, 13
- switching, between cryptocurrencies, 285
- Szabo, Nick, 12, 263
T
- Taiwan Semiconductor Manufacturing, 91
- taxes, 253, 263–265
- Teach Bitcoin (website), 309
- Technical Stuff icon, 3
- Terahash, 78–79
- terahashes per second (TH/s), 132
- TeslaWatt (website), 173
- thermal grease, 190
- thresholds, for payouts, 115
- throughput, 317–319
- TH/s (terahashes per second), 132
- time preference, 163
- timespan, for sustaining market dips, 275–276
- Timetravel10, 137
- timing, of entry, 292–293
- Tip icon, 2
- TokenTax (website), 265
- Tor Project (website), 256
- total network hash rate, 217
- TradeBlock (website), 306
- traditional Internet access, 167
- transaction fees
- about, 44–46
- as an incentive for bitcoin miner, 32
- transaction messages, sending, 23
- transaction speed, 317–319
- transactions
- about, 39
- cryptocurrency network, 40–43
- submitting, 44–51
- submitting transactions, 44–51
- verifying, 47–48
- Tribus, 137
- trustless, 31
- Turkey, 91–92
- 21 Lectures (website), 309
- 2CryptoCalc, 127
U
- UbqHash, 138
- Umbrel (website), 41
- United Way (website), 256
- University of Cambridge, Judge Business School, 313
- unknowns, 224–225
- upgrading
- ageing equipment, 230
- mining, 253
- Upstream Data (website), 173, 214
- utility rate structures, 232–233
V
- validators, 61, 69
- Venezuela, 90, 91–92
- verifying transactions, 47–48
- vertcoin (VTC), 259
- VerusHash, 138
- viability, of hardware, 162–164
- ViaBTC (website), 104
- Vietnam, Bitcoin in, 89
- Virgin Galactic (website), 251
- volatility, market, 283–285, 319–320
- VTC (vertcoin), 259
W
- wallet program, 26
- wallets
- Warning icon, 3
- wasted processing, 315–317
- The Water Project (website), 256
- websites
- American Red Cross, 256
- Angry IP Scanner, 114, 181
- Antminer Bitmain S9, 176
- AntPool, 104
- AT&T, 251
- BetterHash, 103
- BFGMiner, 200
- Binance Pool, 104
- Bitcoin Blockchain Matrix, 306
- Bitcoin Cash Metrics, 307
- Bitcoin Core, 41
- Bitcoin EDU, 309
- Bitcoin for Everybody, 309
- Bitcoin full node network, 43
- Bitcoin global legal status, 90
- Bitcoin is Hope, 309
- Bitcoin Lessons, 309
- Bitcoin Magazine, 235
- Bitcoin Mining, 165
- Bitcoin Mining Container, 165
- Bitcoin network client versions for nodes, 149
- Bitcoin network graphs, 306
- Bitcoin network growth, 78
- Bitcoin network node geographical distribution, 150
- Bitcoin network's coin issuance schedule, 149
- Bitcoin repository, 238
- Bitcoin resources, 116
- Bitcoin subreddit, 235
- Bitcoin Support, 309
- Bitcoin Talk, 108, 234
- Bitcoin Transaction Visualization, 306
- Bitcoin Visuals, 259, 307
- Bitcoin Volatility Index, 284
- Bitcoin white paper, 10–11, 308
- Bitcoin Wiki, 307
- Bitcoin Wiki Benchmarks, 208, 209
- BitcoinBeginners subreddit, 235
- Bitcoinity, 259, 307
- Bitcoin's core repository, 150
- BitcoinTaxes, 265
- The Bitcoin Big Bang, 306
- The Bitcoin Machine, 41
- The Bitcoin Standard, 309
- bitcointicker, 306
- BitcoinWiki, 307
- BitFury, 164
- BitGive, 256
- BitInfoCharts, 146, 217, 218, 241, 246, 259, 307
- Bitmain, 164
- Bitnodes, 306
- Bitrefill, 252
- block difficulty, 93
- Block Digest, 235
- blockchain explorers, 305–306
- Blockchain.com, 305
- Blockchair, 305
- Blockcypher, 305
- BlockStream, 172
- Blockstream Explorer, 305
- Braiins Insights, 226
- Braiins Mining Insights, 209
- Braiins OS, 197–198
- Braiins.com, 304
- Brevand, Marc, 313
- BTC Sessions, 309
- BTC.com, 104
- BTCMiner, 200
- BTCPay Server, 41
- Canaan, 164
- CaseBitcoin, 309
- CGMiner, 200
- Cheat Sheet, 3
- Citadel 256, 172
- Coin Center, 313
- Coin Dance, 259, 307
- Coin Metrics, 259, 307
- COIN360, 306
- CoinCap, 218, 304
- CoinDesk, 235, 259, 307
- CoinGate, 251
- CoinGecko, 218
- CoinJournal, 235
- Coinlib, 218
- CoinLore, 304
- Coinmap, 251
- CoinMarketCap, 218, 244, 296, 304
- CoinShares, 313
- The Coinmine, 165
- CoinWarz, 127, 141, 225, 304
- Compass Mining, 117, 172
- Compute North, 172
- conversion rates, 218
- Core Cryptocurrency Software, 200
- Core Scientific, 172
- Crypto Clear: Blockchain & Cryptocurrency Made Simple video course, 3, 166, 309
- Crypto Tax Girl, 265
- Crypto51, 259
- Crypto51 PoW 51% Attack Cost, 307
- Crypto-CoinZ, 127
- CryptoCompare, 208, 218, 304
- cryptocurrency active address numbers, 150
- CryptoFolio, 265
- CryptoID, 305
- CryptoTrader.Tax, 265
- Cudo Miner, 103
- Curecoin, 316
- Cypherpunk Mailing List, 308
- Cypherpunk Manifesto, 309
- data, 307
- data visualizations, 306
- de Vries, Alex, 313
- Digital Shovel, 165
- DISH, 251
- dollar cost averaging (DCA), 260
- Dollar Cost Averaging Into Bitcoin, 262
- Dummies (website), 3
- Easyminer, 197
- EBang, 164
- ECOS, 117
- Electric Power Research Institute (EPRI), 313
- Electronic Frontier Foundation, 256
- etherchain.org, 306
- Ethereum Original white paper, 308
- Ethereum resources, 116
- Ethereum Updated white paper, 308
- Ethereum Wiki, 308
- The Ethereum Wiki, 308
- Ethermine, 104
- Etherscan, 306
- ethOS, 197
- F2Pool, 104, 105
- FlyPool, 105
- Foldingcoin, 316
- Foundry USA Pool, 104
- Free Software Foundation, 256
- Frontier Mining, 172
- Genesis Mining, 117
- Github Ethereum Wiki, 308
- GPUshack.com, 185
- Gray Matter Industries rack, 176
- Gridcoin, 316
- Gyft, 252
- Hash Rate Index, 209
- hash rates, 146
- Hashgains, 117
- HashNest, 117
- hash-rate converter, 220
- Hashrate Index, 226
- Hive OS, 197
- How Many Confirmations, 259, 307
- Innosilicon, 164
- The International Energy Agency (IEA), 313
- Internet Archive, 256
- IQMining, 117
- Jameson Lopp, 309
- Kryptex, 103
- L3 ASICs, 176
- Learn Me a Bitcoin, 309
- Light Speed Hosting, 172
- Lightning in a Box, 41
- list of coins by algorithm, 285
- LitcoinPool.org, 104
- Litecoin resources, 116
- Litecoin Wiki, 308
- Living Room of Satoshi, 252
- Lykke, 306
- market trackers, 304
- Market Value Realized Value (MVRV) ratio, 258
- Mayer Multiple, 257
- McCook, Hass, 313
- mempool transactions, 48
- mempool.space, 305, 306
- Merkle Report, 235
- Messari, 218, 235, 304
- Microsoft, 251
- Minerall, 105
- MinerGate, 103, 208
- MinerStat, 208
- The MineShop, 165
- MineXMR.com, 105
- mining calculators, 140
- Mining Colocation, 172
- Mining Express, 105
- mining forums, 144
- mining profitability comparison, 127–131
- Mining Store, 165
- Miningchamp, 209
- MiningSky, 165, 172
- MiningStore, 165, 173
- Monero, 308
- Monero Benchmarks, 208
- Moon, 251
- Mother of Dragons, 198
- MultiMiner, 198
- myNode One, 41
- NanoPool, 105
- Newegg, 251
- NiceHash, 102, 103, 127, 197
- Nodl, 41
- NVT Ratio, 258
- NVT signal, 258
- oil-field flaring, 87
- OpenNode, 41
- Overstock, 251
- OXT, 306
- OXT Landscapes, 306
- Paid by Coins, 252
- The PandaMiner B Pro series, 165
- Piixpay, 252
- Poolin, 104
- pool-payment methods, 108
- prebuilt mining rigs, 191
- price discovery, 280
- Primecoin, 316
- processor benchmarking, 207–209
- profitability calculator, 209
- profitability estimation tools, 304
- Purse, 251
- Raspberry Pi, 198
- RaspiBlitz, 41
- r/bitcoin, 305
- r/bitcoincash, 305
- r/dashpay, 305
- r/dogecoin, 305
- realized market capitalization, 258
- Realtime Bitcoin Globe, 306
- Reddit pages, 304–305
- r/ethereum, 305
- r/litecoin, 305
- Rosewill GPU mining case/frame, 186
- r/zec, 305
- Samourai Dojo, 41
- Satochi.co Bitcoin Volatility Index, 284
- Satoshi Nakamoto Institute, 308
- scoring hash rate method, 222–223
- Shamining, 117
- Slush Pool, 102, 104, 105
- SolarCoin, 306
- Stack Exchange, 235
- Start 9 Labs Embassy (website), 41
- statistics, 307
- Statoshi.info, 306
- Teach Bitcoin, 309
- TeslaWatt, 173
- TokenTax, 265
- Tor Project, 256
- TradeBlock, 306
- 21 Lectures, 309
- 2CryptoCalc, 127
- Umbrel, 41
- United Way, 256
- University of Cambridge, Judge Business School, 313
- Upstream Data, 173, 214
- ViaBTC, 104
- Virgin Galactic, 251
- The Water Project, 256
- Whatsminer, 164
- WhatToMine, 127, 208, 209, 226, 304
- white papers, 308
- WikiCryptoCoins, 307
- WikiLeaks, 256
- Wikipedia, 256
- wikis, 307–308
- Woobull Bitcoin Volatility, 284
- Woobull Bitcoin Volatility Comparisons, 284
- Woodbull Charts, 259
- WorldCoinIndex, 304
- ZCash, 57, 308
- ZenLedger, 265
- Wells Fargo, 92
- Whatsminer, 164
- WhatToMine, 127, 208, 209, 226, 304
- White, Craig, 12
- white papers, 308
- WikiCryptoCoins (website), 307
- WikiLeaks (website), 256
- Wikipedia
- page for cryptocurrencies, 143
- website, 256
- wikis, 307–308
- winning Bitcoin, 50–51
- witnesses, 69
- Woobull Bitcoin Volatility, 284
- Woobull Bitcoin Volatility Comparisons, 284
- Woodbull Charts (website), 259
- World Wire, 91
- WorldCoinIndex (website), 304
Y
- YesCrypt, 138
- YescryptR16, 138
Z
- ZCash (ZEC)
- about, 19, 25, 244, 295
- mining pools for, 105
- as a Proof of Work (PoW) cryptocurrency, 57–58
- website, 308
- ZenLedger (website), 265
- Zhash, 137
- Zimbabwe, 91–92
- zk-SNARKs, 57
..................Content has been hidden....................
You can't read the all page of ebook, please click
here login for view all page.