Beginner Setup Checklist: What do you need to Start Solo-Mining?

Flat lay of beginner mining equipment and checklist

Key Takeaways: Intro: Solo mining requires more than just pointing hardware at a blockchain you need the right equipment, to compete with pool miners worldwide. This checklist will brake down the must-have components you’ll need to start your solo mining journey, from choosing appropriate hardware to counting up the money you would have to invest. … Read more

Glossary-Pool Mining

Isometric view of mining nodes connected to central pool

One-sentence definition:Mining hardware joined together and if a block is found then the reward is split between the miners depending how much effort was put in. Why it matters: Pool mining matters because even smaller miners can join it, while solo miners put in a lot of effort to get a chance of 1 in … Read more

Glossary- Mining

Gold Bitcoin coin embedded in rock

One-sentence definition: Mining is using a specialized machine to find a required hash. Why it matters: Mining is one of the ways new coins enter the circulation. Mining makes it almost impossible to create fake transactions because then the person who would want to fake a transaction would need to outperform all of the miners … Read more

Glossary- Proof of Work

Proof of Work consensus mechanism showing miners solving cryptographic puzzles

One-sentence definition: Proof of work is used in blockchain systems where miners must solve computationally difficult puzzles to validate transactions and create new blocks, making it costly to attack the network. Why it matters: It matters because it shows where work was done and no one lied about it. Without the PoW, thousands of fake … Read more