Bitcoin Minin Step by Step

[mjc]

After releasing Bitcoin Step by Step last November, I decided to write a book on mining.  Bitcoin Mining Step by Step is now available on Amazon Kindle for $3.99.

The goal of this book is to again take all the information that exists out there and to bring it together in a single guide that provides you the information that you need in order to succeed. Many places in the book I reference existing material. I want to give you, the reader, the information you need in an ordered fashion and lead you to places that you will need to become familiar with.

Miners are a special entity in the network. They perform a complex cryptographic algorithm that allows the network to confirm all existing transactions. The result of the mining is called a hash. This hashing is how a miner gets paid.

The original designers understood that no one would voluntarily turn on nodes and the required mining equipment without somehow receiving compensation. The miner has to pay for the equipment and pay for the energy it uses. So they designed a reward system that adds Bitcoins into the supply on average every 10 minutes. The chances of obtaining these new Bitcoins are awarded by a built in Lottery. Your ticket to the lottery the hash rate of your mining operation.

The book will cover:
- Introduction
- What is Bitcoin Mining and Why Should I Mine?
- What is a Bitcoin?
- The Network
- Do I mine in a Pool or Solo?
- How to Solo Mine
- Picking a Pool
- Using a Pool
- Choosing Mining Equipment
- Mining Software
- Mobile Monitoring
- Things to Consider
- Legal Concerns
- More Information
- Final Thoughts

[mjc]

The Amazon Address would probably help:  http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00CLU7Z96/

[techbytes]

I think noobs like myself are steering away from bitcoin mining (ASIC be damned) and going after alternate coins.  Unless your book covers alternate coin mining especially litecoin, you are not going to sell many copies.  Hope I'm wrong though.  Now if you come out with a book gear towards scrypt mining, I will purchase a copy just to support you.   

tb

[mjc]

First day sales are doing well.  Neither books were written to make me a lot of money.  I make enough to make it worth my time.  But the idea is to bring others into the fold easily.  As far as mining goes, I hope no one else joins :-)  More coin for me.  I wrote it because I had a lot of people suggest it was the book they were looking for.  After all there is $360,000 a day available for all miners to split. That's based on $100 BTC.  $480,000 per day at $150/BTC.

With BFL officially shipping, Avalon selling off chips and the price of BTC over $100 there has been a less riskier time to get in.

I thought about Litecoin Step by Step.  We'll have to see.