The Basic of Cryptomining

Welcome!

In this project, I will guide you through the basics of cryptocurrency mining and how to get started.

First of all, sorry pals, mining cryptocurrencies will not make you rich. There will be no Lambo. It is easy to get caught up with Crypto Twitter and YouTube influencers. The reality is that in order to make a living mining crypto is to have sponsors.

Now that we got the boring part out of the way, you must wonder what the hell is crypto mining.

In a nutshell, crypto mining is using computing power to try solving an equation and get reward for the right answer. This Proof of Work (POW) is beneficial to the blockchain and contributes to increase its security. But you must wonder “how do I do this”? The answer is simple, you need a mining rig. Let’s build one together!

You don’t need any technical background, I will guide you and take your hand through this awesome journey. Here is a preview of what you will need and what will be discussed in some upcoming notes:

• Power Supply (PSU)
• Motherboard (MOBO)
• Memory Sticks (RAM)
• Computer Processor (CPU)
• Graphic Cards (GPU)
• Operating System (OS)

Don’t worry, I’ll let all this sink in and will explain more into details the relation between the hardware and tips on how to select it.

See you soon!