Chapter 17. Mining
In the previous chapters, we discussed the Proof of Work (PoW) consensus system and the importance of mining. We also discussed Bitcoin and other Altcoins, and how miners play an important role in PoW-based coins.
In this chapter, we will discuss mining in depth, and the need for mining in PoW-based coins and tokens. Then, we will discuss mining pools and how they brought a revolution to the mining ecosystem. Further, we will go ahead with learning how to start mining using the various miners that are available. We will learn in depth about CPU and GPU mining, along with researching about setting up a mining rig and the concept of dual mining. Finally, we will study each of the PoW algorithms available for mining, and discuss those best chosen based on hardware resources available.
In this chapter, we will cover the following topics:
- The mining process and its stages
- Mining algorithms
- Various types of mining hardware
- Types of miners
- Mining rigs
- Types of mining pools
- Mining software...
