Explore the world of cryptocurrency mining in this comprehensive 54-minute conference talk. Learn how to build your first mining rig, optimize its performance through overclocking, and calculate your return on investment. Discover the process of installing and configuring mining software, and gain insights into different types of crypto wallets for securely storing your earnings. Delve into various methods of acquiring cryptocurrencies, including trading and cloud mining, while understanding the associated risks and benefits. Compare GPU miners with ASIC miners, and learn about factors affecting mining profitability, such as hardware selection and mining difficulty. Get practical advice on building a 3 GPU rig, choosing the right graphics card, and selecting mining software and pools. Finally, explore different types of crypto wallets, including cloud, desktop, and hardware options, and learn how to protect your digital assets from potential threats.
Overview
Syllabus
Intro
Agenda
It's a Wild Ride
Getting Cryptocurrencies
Crypto Trading
Buying Cryptocurrency
Trustworthy Cloud Mining Companies
Getting Started with Cloud Mining
Calculating Cloud Mining Profitability
Risks of Cloud Mining
How easy it is to mine for Cryptocurrency?
Crypto Hardware Mining
Problems with ASIC Miners
Benefits of GPU Miners
Rewards for Miners
Bitcoin Block Reward Halving Countdown
How does a Miner earn $$$?
Factors Affecting Your Earnings
Current Ethereum Mining Difficulty
Mining Ethereum
Building a 3 GPU Rig
Choosing the Right GPU
Nvidia
GPU Model Variations
Overclocking Software
Mining Software
Top 3 Ethereum Mining Pools
Distribution of Reward
Calculating Ethereum Mining
Storing your Cryptocurrencies
What is a Crypto Wallet?
Coinbase Cloud Wallet
Desktop Wallet
How It Works
Initial Setup
Adding Additional Passphrase - Extortion Protection
Taught by
NDC Conferences
