Cryptocurrency mining

Vikrant Gandotra, François-Éric Racicot, and Alireza Rahimzadeh

This chapter is mainly concerned with outlining the process of cryptocurrency mining. There are dozens of altcoins which you could mine; however, Bitcoin by far is the most popular choice for cryptocurrency miners. This is primarily due to the advancement in technology concerning the hardware and software used to mine cryptocurrencies. Specialized hardware and software are now being designed for the sole purpose of mining Bitcoin. Miners have a variety of hardware and software to choose from depending on their mining strategy. This chapter introduces the basic concept of mining, its essential functions, the hardware and software required for mining, different methods of mining and the factors influencing mining.

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Year of publication:	2019
Authors:	Gandotra, Vikrant ; Racicot, François-Éric ; Rahimzadeh, Alireza
Published in:	Cryptofinance and mechanisms of exchange : the making of virtual currency. - Cham : Springer, ISBN 978-3-030-30737-0. - 2019, p. 51-67
Subject:	Bitcoin \| Cryptocurrency \| Miners \| Mining \| Virtuelle Währung \| Virtual currency \| Bergbau \| Rohstoffvorkommen \| Resource deposit

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz im Buch ; Book section
Language:	English
Other identifiers:	10.1007/978-3-030-30738-7_3 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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