Rabbit Hole - Cryptocurrency Part 3: We Dig, Dig, Dig in Our Mine
Episode description
Cryptocurrency part 3 of 4. *It is recommended to check out parts 1 & 2 if you haven't already.
Crypto continues to be an opportunity to diversify your investment portfolio. With so many facets there is a ton of ways you can invest, from buying your own and hodling, to exchanging or trading, all the way to the mining process of cryptocurrency.
“Cryptocurrency mining is the competitive process that verifies and adds new transactions to the blockchain for a cryptocurrency that uses the proof-of-work method.”
Jump down the rabbit hole with me as we dig dig dig to discover how to become a crypto miner and if it's worth the time, energy, and effort to do it by yourself.
I’ve included a ton of links for your reading pleasure, and there are also a couple of books out there:
- Bitcoin & Cryptocurrency Mining for Beginners by Thomas Main is free on Kindle or Audible
- Crypt currency Mining for Dummies by Peter Kent and Tyler Bain, 2nd edition.
- https://www.investopedia.com/terms/b/bitcoin-mining.asp
- https://freemanlaw.com/mining-explained-a-detailed-guide-on-how-cryptocurrency-mining-works/
- https://www.pcmag.com/encyclopedia/term/crypto-mining
- https://www.pcmag.com/encyclopedia/term/pool-mining
- https://www.softwaretestinghelp.com/bitcoin-cloud-mining-sites/
- https://www.gemini.com/cryptopedia/how-to-mine-cryptocurrency-how-to-mine-bitcoin
- https://www.gemini.com/cryptopedia/crypto-mining-rig-bitcoin-mining-calculator-asic-miner
- https://www.investopedia.com/top-crypto-mining-stocks-5213809
- https://www.coindesk.com/business/2022/04/22/scaramuccis-skybridge-starts-investment-vehicle-for-bitcoin-mining/
- https://www.itcap.vc/swiss_investment_firm_bitfury_launch_bitcoin_mining_fund
- https://www.kiplinger.com/investing/cryptocurrency/603600/bitcoin-etfs-cryptocurrency-funds
- https://www.cnbc.com/2022/04/23/real-estate-investors-side-hustle-mining-110000-in-bitcoin-a-month.html
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