Pre-Written Crypto Digital Content Store
$9.99 AUD (Note: this price is exclusive of Tax)
Check out the tabs to the left for more information about this Pre-Written Crypto eBook
Please Note: the sales price listed above is in AUD – Australian Dollars, and there are no shipping costs for ANY of our virtual, downloadable products.
Private License Rights (PLR) is the license for this eBook product
What you CAN do once you have purchased this eBook product:
What you CANNOT do with this eBook product:
The full list of PLR terms and conditions that are associated with this eBook can be found here
Bitcoin mining is the process of earning Bitcoins using specialized software that follows a mathematical formula in solving blocks on the Bitcoin network. The mining of Bitcoin helps to secure the Bitcoin network, the ceasing of which would make the cryptocurrency susceptible to attacks or even cause it to shut down.
Mining is, therefore, very important to the Bitcoin network to sustain it.
Miners who can solve a block successfully are usually rewarded for their service with a fixed amount of 12.5 worth of Bitcoins.
It is estimated that over 21 million Bitcoins are available that haven’t yet been mined. With the ever-increasing popularity of cryptocurrency in recent times and the adoption of Bitcoin as a worldwide payment system, it is evident that the profit-earning potential from mining Bitcoin is enormous.
While mining Bitcoins today is very competitive, it is still possible for you to operate a successful and profitable farm. If you’re interested in becoming a Bitcoin miner and staking your claim on it, it is important that you calculate the profitability first.
Several factors determine the profitability of Bitcoin mining.
This report will help you analyze each of these factors in detail and reveal how you can calculate the profitability of Bitcoin mining.
Table of Contents
INTRODUCTION 4
WHAT IS BITCOIN MINING? 5
BITCOIN MINING TERMINOLOGY 6
WHY DO PEOPLE MINE BITCOIN? 9
GETTING STARTED MINING 12
TOP HARDWARE FOR BITCOIN MINING 13
WHAT SOFTWARE IS NEEDED? 16
MINING APPS 17
ELECTRICAL COSTS FOR MINING 22
OTHER BITCOIN MINING OPTIONS 23
CLOUD MINING 23
MINING POOLS 23
HOW TO SET UP A BITCOIN MINING OPERATION 25
HOW TO CALCULATE BITCOIN MINING PROFITS 26
RISKS AND REWARDS OF BITCOIN MINING 27
RISKS 27
REWARDS 27
CONCLUSION 29
Why not contact the Pre-Written Crypto Articles, Blogs & Content Team editors if you have any questions regarding this article?
Please complete the following form, and we will get back to you ASAP:
