The Digital Coin Revolution - Crypto Currency - How to Make Money Online

John Davidson

May 2013 · Entrepreneur Books Book 10 · JD-Biz Corp Publishing

About this ebook

 The Digital Coin Revolution - Crypto Currency - How to Make Money Online
Table of Contents
The Digital Coin Revolution
Crypto Currency
Make Money Online
Muhammad Naveed & John Davidson
What Cryptocurrency Really Is
An Introduction to Cryptocurrency
What is the Function of this Digital Coin?
Forms of Cryptocurrency
Bitcoin (BTC)
Litecoin (LTC)
Altcoins
Advantages and Key Features of Cryptocurrency:
Some Drawbacks of the Cryptocurrency
Cryptocurrency Are Being Accepted by More Websites Everyday
Places Where Cryptocurrency is Accepted and the Incentives it Gives to Involved Persons
Methods to Generate Money through Cryptocurrency:
Comparison of the Two Methods, Investing and Mining:
Research before Making the Plunge
Continuously Evolving:
Great Potential for Growth:
How to Get Your Very First Cryptocurrencies
Cryptocurrency Still Has a Long Way to Go
Mining Cryptocurrency
What’s a Mining?
Solo Mining
Pooled Mining
Stratum Protocol
CPU Mining
GPU Mining
Recommended GPU:
ASIC Mining
FPGA Mining
Economics of Mining
How Newbies Should Mine for Cryptocurrency
Is This the Right Time for BTC Mining?
Profitability of Mining
Network Mining Limits and Market Caps
Trading Cryptocurrency
Legitimate Economic Activity with Cryptocurrency
Merchant Processing
Underground Economic Activity with Cryptocurrency
Political
Privacy
Technical Barriers
Government Regulations
Conclusion

In this book learn what the Digital Currency Revolution is all about. Learn how you can set up your own digital vault and start earning your own digital cash on your very own computer. Learn how to mine digital currency.

What Cryptocurrency Really Is.
For the purpose of making easier transactions, the world, throughout history, has assigned pressed coins in old times to trade products and in present, printed currency was invented. However, this has increased the number of countries that are getting trapped into debt or for sure are facing difficulties in meeting the needs of their fiscal targets in modern era’s functions of mass Demand and Supply on an international level. The trend towards a financial society that is more centralized has changed towards seeking decentralized money that could sidestep regulations of a specific nation towards the needs of international market.
It is a system of payment that eliminates the requirement of a financial intermediary between two parties wanting to transmit money using the internet. It is a less costly method and at times, it’s totally free. The transaction is kept unnamed as well. A man named Satoshi Nakamoto invented a new type of digital currency that could use the method of Peer-to-Peer (P2P) System, in 2008. This network itself is commonly referred as individual’s network that is decentralized and these individuals don’t need to know each other essentially. This system would allow the network that is decentralized, to work mutually cracking Algorithms by using high-powered rearranged Graphics Cards probably cracking a block that yielded the reward of cryptocurrency. Here Satoshi wanted to be the first one to crack and collect the profits of the famous "Genesis Block" in 2009. After his hard work and huge reward, a number of enthusiasts of computer hardware are attracted to it and are seeking to obtain a piece from this newly discovered digital gold pit for themselves.

Ratings and reviews

It took a bit more to get through this book, but it contains good information, if already a bit outdated. It goes to show how cryptocurrency is growing at an unprecedented rate.

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Did the publisher of this book even have an editor? It reads like it was written by someone who doesn't speak good English. A lot of the content is incomprehensible.

About the author

John Davidson

Born and raised in Wyoming and Canada on Ranches. Studied at Utah State University and taught drafting at Bridgerland Applied Technology College for 20 years. Own and run several businesses, an architectural design business, a web design business and a Sawmill business. Married to Karla for over 30 years and have 4 great kids, living in Mendon, Utah.