Chapter 8
Picking a Cryptocurrency to Mine
IN THIS CHAPTER
Determining your goals
Examining the attributes of a good cryptocurrency
Asking yourself the right questions
Picking the cryptocurrency that’s right for you
Chapter 7 talks about an easy way to get into mining: using a pool. In this chapter, we discuss preparing to mine for yourself directly, by picking an appropriate cryptocurrency to mine. Of course, getting started is much more complicated than merely picking a target, and, in fact, we recommend that you don’t actually begin mining until you finish this book, not just this chapter.
This chapter discusses the sort of factors that can help you find a good cryptocurrency to work with — one that is stable enough for you to be successful, for example. But we believe it’s a good idea to understand more before you actually get started. This chapter helps you pick an initial target cryptocurrency, but your target may change as you discover more, such as the kind of equipment you’ll need to use, for example (see Chapter 9) or more about the economics of mining (see Chapter 10 ...
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