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Peter Kent. Cryptocurrency All-in-One For Dummies
Cryptocurrency All-in-One For Dummies® To view this book's Cheat Sheet, simply go to www.dummies.com and search for “Cryptocurrency All-in-One For Dummies Cheat Sheet” in the Search box. Table of Contents
List of Tables
List of Illustrations
Guide
Pages
Introduction
About This Book
Foolish Assumptions
Icons Used in This Book
Beyond the Book
Where to Go From Here
Cryptocurrency Basics. Contents at a Glance
What Is a Cryptocurrency?
Beginning with the Basics of Cryptocurrencies
The definition of money
Some cryptocurrency history
Key crypto benefits
Common crypto and blockchain myths
Risks
Gearing Up to Make Transactions
Wallets
Exchanges
Communities
Making a Plan Before You Jump In
How Cryptocurrencies Work
Explaining Basic Terms in the Cryptocurrency Process
Cryptography
Nodes
Mining
Proof of work
Proof of stake
Proof of importance
Transactions: Putting it all together
Cruising through Other Important Crypto Concepts
Adaptive scaling
Decentralization
Harvesting
Open source
Public ledger
Smart contracts
Stick a Fork in It: Digging into Cryptocurrency Forks
What is a fork, and why do forks happen?
Hard forks and soft forks
Free money on forks
A FORKING EXAMPLE: BITCOIN VERSUS BITCOIN CASH
Introducing Cryptocurrency Wallets
Defining Cryptocurrency Wallets
A few important terms
How a wallet works
Looking at Different Types of Wallets
Online wallet
Mobile wallet
Desktop wallet
Hardware wallet
Paper wallet
Choosing a Crypto Wallet
Based on security
Based on your crypto ownership
Based on transaction fees
Based on anonymity
Keeping Your Wallet Secure
Back up your wallet
Have multiple wallets
Add more security levels
Update your software
Remember where you hide it!
Different Types of Cryptocurrencies
Celebrating Celebrity Cryptocurrencies by Market Cap
MINEABLE VERSUS NONMINEABLE CRYPTOCURRENCIES
Bitcoin
A bit of Bitcoin background
Bitcoin characteristics
Ethereum
Brief Ethereum background
Ethereum versus Bitcoin
Ethereum characteristics
Ripple
Some Ripple background
Ripple versus Bitcoin
Ripple characteristics
Cardano
A little Cardano background
Cardano versus Bitcoin
Cardano characteristics
Other top ten major cryptos
Top 100 major cryptos
Cryptocurrencies by Category
Payment cryptos
Privacy cryptos
Platform cryptos
Exchange-specific cryptos
Finance/fintech cryptos
Legal and property cryptos
Blockchain Basics. Contents at a Glance
Introducing Blockchain
Beginning at the Beginning: What Blockchains Are
What blockchains do
Why blockchains matter
The Structure of Blockchains
Blockchain Applications
The Blockchain Life Cycle
Consensus: The Driving Force of Blockchains
Blockchains in Use
Current blockchain uses
Future blockchain applications
Picking a Blockchain
Where Blockchains Add Substance
Determining your needs
Defining your goal
Choosing a Solution
Drawing a blockchain decision tree
Making a plan
Getting Your Hands on Blockchain
Diving into Blockchain Technology
Creating a secure environment
Downloading and installing the Brave browser
Downloading and installing ProtonVPN
Downloading, installing, and securing MetaMask
Buying your first Bitcoin
Building a Private Blockchain with Docker and Ethereum
Preparing your computer
Building your blockchain
Beholding the Bitcoin Blockchain
Getting a Brief History of the Bitcoin Blockchain
The New Bitcoin: Bitcoin Cash
THE LIMITATIONS OF BITCOIN
AS THE WORLD TURNS: THE DRAMA OF BITCOIN
Debunking Some Common Bitcoin Misconceptions
Bitcoin: The New Wild West
Fake sites
No, you first!
Get-rich-quick schemes
Mining for Bitcoins
Making Your First Paper Wallet
Encountering the Ethereum Blockchain
Exploring the Brief History of Ethereum
Ethereum: The Open-Source World Wide Computer
Decentralized applications: Welcome to the future
The power of decentralized autonomous organizations
WITH GREAT POWER COMES … GREAT POWER
Hacking a Blockchain
Understanding smart contracts
Discovering the cryptocurrency Ether
Getting Up and Running on Ethereum
Mining for Ether
Building your first decentralized autonomous organization
Uncovering the Future of DAOs
Putting money in a DAO
Building smarter smart contracts
Finding bugs in the system
Creating Your Own ERC-20 Token
Getting Your Hands on Hyperledger
Getting to Know Hyperledger
Identifying Key Hyperledger Projects
Focusing on Fabric
Investigating the Iroha project
Sumeragi’s consensus algorithm
Developing mobile apps
Diving into Sawtooth
Exploring the consensus algorithm: Proof of Elapsed Time
Deploying Sawtooth
Building Your System in Fabric
Building Asset Tracking with Hyperledger Composer
Working with Smart Contracts on Hyperledger
Financial Technology
Hauling Out Your Crystal Ball: Future Banking Trends
Moving money faster: Across borders and more
Creating permanent history
Going International: Global Financial Products
Border-free payroll
Faster and better trade
Guaranteed payments
Micropayments: The new nature of transactions
Squeezing Out Fraud
Bitcoin. Contents at a Glance
Bitcoin Tech Explained
Understanding That There Is No Bitcoin!
Discovering the Bitcoin Ledger
So where is this “Bitcoin ledger”?
Bitcoin uses a blockchain ledger
Looking at the Bitcoin Distributed, Peer-to-Peer Network
Using the Bitcoin Blockchain’s Blocks of Business
Hashing the blocks
The Bitcoin blockchain is “immutable”
Finding Out How the Ledger Functions
Your address: where your money is stored in the ledger
What’s the crypto in cryptocurrency?
ENCRYPTED BLOCKCHAINS
Public key encryption magic
HOW DO YOU ENCRYPT EMAILS?
Messages to the blockchain
Signing messages with the private key
Sending a transaction message to the Bitcoin ledger
MESSAGE TO THE BLOCKCHAIN
Unraveling the message
THE HOLDER OF THE PRIVATE KEYS OWNS THE MONEY
But you’ll need a wallet
Buying, Using, and Selling Bitcoin
Finding the Price of Bitcoin
Your Options for Acquiring Bitcoin
Bitcoin ATMs
Buying Bitcoin from Coinme
PARTIAL BITCOIN?
Understanding your custodial Coinme wallet
Sending Bitcoin from your Coinme wallet
More Bitcoin ATM networks
Retail Bitcoin
Person-to-person trading
LocalBitcoins.com
Bisq
Trusted sellers
Bitcoin exchanges
Buying from Coinbase
Sending Bitcoin to another wallet
Sending Bitcoin to the Coinbase wallet
How to find the best exchange rate
Different types of exchanges
Not your keys, not your coins: The danger of exchanges
“Bitcoin Back” on Credit and Debit Cards
Earning Your Bitcoin
Mining Bitcoin
Finding Bitcoin Everywhere
Selling Your Bitcoin
Taking Control of Your Wallet (and Hodling Your Bitcoin)
HODL?
What Is a Wallet?
Wallets store private keys
Wallets create and store keys and addresses
Wallets communicate with the Bitcoin network
Wallets can be hot or cold
Exploring Wallet Hardware
Brain wallets
Paper wallets
Metal wallets
Hardware wallets
Web wallets
Dedicated full nodes
Dedicated hardware full nodes
Full-node software
Software wallets
Finding a Wallet
Setting Up a Bitcoin Wallet
Creating and securing your first wallet
DIGGING INTO SEED ORIGINS
Creating a 24-word seed
Increasing security with a fake account
Receiving Bitcoin
Getting those notifications
Checking your addresses
Sending Bitcoin
Following the money
Backing up your wallet
Importing (or recovering) a wallet
Creating a watch-only wallet
Exploring multiple-signature wallets
Understanding multi-sig wallets
Creating multi-sig wallets
Sending Bitcoin from a multi-sig wallet
Using the Lightning Network
Keeping Your Bitcoin Safe
Understanding How You Can Lose Control of Your Bitcoin
HOW 7,500 BITCOINS WERE LOST
Grasping the Goal: Private Key and Seed Protection
Making a Choice: Custodial or Private Wallet?
Devising Your Cryptocurrency Safety Plan
Producing powerful passwords
Protecting passwords with password programs
Protecting your computer
Watching out for sophisticated phishing
PHISHING?
Employing two-factor authentication
HOW’S THAT AUTHENTICATOR THING WORK?
The dangers of 2FA
The danger of SIM swaps
Exploring More Ways to Protect Your Bitcoin (and Everything Else)
Knowing What Happens When You Kick the Bucket
Choosing the multi-sig solution
Scheduling future transactions
Using a digital inheritance feature
Ethereum. Contents at a Glance
Getting to Know Ethereum
Exploring Ethereum’s Consensus, Mining, and Smart Contracts
Buying, Spending, and Trading Ether
Getting Started with DAO and ICO
Delving into Development Tools
Exploring Use Cases for Ethereum
Diving into Ethereum Applications
Exploring Financial Services
Banking
Cryptocurrency
Real estate
Creating Ethereum escrow applications
Examining ICOs
Establishing Digital Identity Management
Managing individual and device identities
Reducing fraud and identity theft
Examining the ERC-725 standard and beyond
Examining Industry Applications
Healthcare
Energy
Supply chain
Enabling Effective Governance
Tax payment
Government spending
Voting
Policy development
Notary
Examining the Ethereum Ecosystem and Development Life cycle
Exploring the Ethereum Blockchain Block Structure
Describing Smart Contracts
Introducing Solidity, the Language of Smart Contracts
Working with the Ethereum Virtual Machine
Fueling Your Code with Gas
Surveying Tools for Developing, Testing, and Deploying Ethereum Apps
Ethereum blockchain client
Development and testing blockchain
Compiler and testing framework
Source code editor/IDE
Describing the Ethereum Development Life cycle
Introducing Smart Contract Development Tools
Getting and Configuring Ethereum Development Tools
Examining Why Multiple Ethereum Development Tools Are Available
Downloading, Installing, and Configuring All the Pieces
Installing the blockchain client
Installing the test blockchain
Installing the testing environment
Getting ready to install Truffle
Downloading and installing Truffle
Installing the IDE
Building Your First Ethereum Apps
Validating Your Ethereum Development Environment
Creating a Truffle project
Editing the Truffle config file
Exploring the Ganache Test Environment
Designing Simple Smart Contracts
Coding Your First Smart Contract
Running Your First Smart Contract
Writing your code
Compiling your code
Deploying your code
Invoking your code’s functions
Paying as You Go
Discovering Smart Contracts
Introducing Supply Chain and Common Challenges
Describing supply chain
Identifying difficulties when implementing a supply chain
Examining How Blockchain Can Help Resolve Supply Chain Problems
Implementing a Blockchain Supply Chain Solution
Paying for supply chain services
Managing assets on the supply chain
Digging into Solidity
Describing Basic Smart Contract Syntax
Declaring a valid compiler version
Commenting your code
Importing external code
Defining your smart contracts
Handling Data in Solidity
Finding Out about Computation and Gas
Exploring Access Modes and Visibility of Smart Contract Functions and Data
Controlling Execution Flow
Handling Errors and Exceptions
Writing Your Own Smart Contracts with Solidity
Reviewing Supply Chain Design Specification
Payment token smart contract
Supply chain smart contract
Creating New Smart Contracts
ERC-20 token interface
ERC-20 token smart contract
Supply chain smart contract
Product structure
Participant structure
Registration structure
Coding Primary Functions
ERC-20 token functions
ERC-20 token constructor
Defining the transfer() function
Defining the transferFrom() function
Defining the balanceOf() function
Defining the approve() function
Defining the allowance() function
Defining the totalsupply() function
Supply chain functions
Defining the participant functions
Defining the product functions
Defining the supply chain movement functions
Using Events
Defining events
Triggering events
Introducing Ownership
Designing for Security
Implementing Minimal Functionality
Testing Ethereum Apps
Understanding Ethereum dApp Testing
Writing tests from the beginning
Choosing the right test blockchain
Walking through the steps in the testing life cycle
Testing for software quality
Deploying a dApp to a Test Ethereum Blockchain
Telling Truffle to use the Ganache blockchain
Deploying your code to the Ganache blockchain
Writing Tests for Ethereum dApps
Testing using the command line
Writing test cases in JavaScript
Logging and Handling Errors
Handling errors in Solidity
Logging activity in smart contracts
Fixing Bugs in a dApp
Deploying Ethereum Apps
Test Blockchain Options versus Live Blockchains
Testing with the Ganache blockchain
Deploying your code to other test blockchains
Ropsten
Rinkeby
Kovan
Anticipating Differences in Live Environments
Preparing Your Configuration for Deploying to Different Networks
Deploying a dApp
Getting enough Ether
Getting Ether for the Ropsten network
Getting Ether for the Rinkeby network
Getting Ether for the Kovan network
Verifying your Ether
Compiling your code
Deploying your code
Cryptocurrency Investing. Contents at a Glance
Why Invest in Cryptocurrencies?
Diversifying from Traditional Investments
Stocks
Bonds
Forex
Precious metals
Getting a little background
Comparing precious metals to cryptocurrencies
Gaining Capital Appreciation
Historical returns
Huge growth potential
Increasing Income Potential
A bit about traditional dividends
The basics on crypto dividends
Fueling Ideological Empowerment
The economy of the future
Freedom from government control of currency
Help for the unbanked and underbanked
Recognizing the Risks of Cryptocurrencies
Reviewing Cryptocurrency Returns
Capital gains (or losses)
Income
Risk: Flipping the Other Side of the Coin
Glimpsing Cryptocurrencies’ Reward versus Risk
Digging into Different Kinds of Risk
Crypto hype risk
Security risk
Safety check #1: The cryptocurrency itself
Safety check #2: The exchange
Safety check #3: Your wallet
Volatility risk
Liquidity risk
Vanishing risk
Regulation risk
Tax risk
Exploring Risk Management Methods
MEASURING YOUR OWN RISK TOLERANCE
Build your emergency fund first
Be patient
Diversify outside and inside your cryptocurrency portfolio
Cryptocurrency Exchanges and Brokers
Distinguishing Crypto Exchanges
Centralized exchanges
Centralized exchanges offering fiat/crypto pairings
Centralized exchanges offering crypto/crypto pairings
Decentralized exchanges
Potential problems
Popular decentralized exchanges
Hybrid exchanges
How to choose an exchange
Security
Supported currencies (crypto and otherwise)
Liquidity
Fees
Ease of use
Location
Method of payment
Customer support
Trading options
Transaction limits
Considering Brokers
How brokers work
The pros and cons of using a broker
Pro or con: You can take advantage of a down market
Pro or con: You can trade on leverage
How to choose a broker
Looking at Other Methods for Buying Cryptos
Funds
Credit card
PayPal
Cash
Cryptocurrency ATMs
Identifying Top-Performing Cryptocurrencies
Introducing the Invest Diva Diamond Analysis
Using Fundamental Analysis to Pick Cryptocurrencies
Go with what you know
Choose the right categories
Check out cryptos’ websites
Flip through their white papers
Identify their teams
Browse their partnerships
Familiarize yourself with their technology
Check out their contribution to society
Analyze their road maps
Get involved
Choosing Cryptos with Sentimental Analysis
Key sentimental elements
The crypto community
Exchanges that carry the crypto
Volume
Coin market capitalization
Circulating supply
Total supply
Stuff to check in the news
Recent coverage
Upcoming events
Negative press
Trying Technical Analysis to Select Cryptos
Diversification in Cryptocurrencies
Breaking Down Some Basics on Diversification
What is traditional diversification?
How does diversification reduce risk?
KIANA’S FORAY INTO FOREX
Using Cryptocurrencies in Long-Term Diversification
Diversifying with non-cryptocurrencies
Some background on trading fiat currencies
Quote currency versus base currency
Trading cryptos versus fiat currencies
Diversifying among cryptocurrencies
Tackling Diversification in Short-Term Trades
Getting Ahead of the Crowd: Investing in ICOs
Understanding the Basics of Initial Coin Offerings
How an ICO works and how to start one
ICOs versus IPOs
WATCHING ICOs IN THE UNITED STATES
Investing in an ICO
Finding ICO listings
Analyzing an ICO listing
Who’s behind the ICO?
What’s the cryptocurrency for?
Does the team have a prototype or a code?
Does the team have a blockchain?
What’s the plan to drive prices higher after the ICO?
Does the team have a wide, supportive community?
Outlining the ICO investment process
Holding your tokens after your purchase
So You Want to Start an ICO: Launching an ICO Yourself
Understanding the challenges
Taking a few steps before the launch
Create a product that needs an ICO
Get legal advice
Create a token
Write a white paper
Create a launch buzz
Get your token listed on exchanges
Stocks and Exchange-Traded Funds with Cryptocurrency Exposure
Looking for Stocks with Exposure to Cryptos
Fundamentals
Crypto payment exposure
Crypto trading exposure
Market sentiment factors
Other considerations
Considering Cryptocurrency and Blockchain ETFs
Getting an overview of blockchain ETFs
Keeping an eye on other indexes
Cryptocurrency Futures and Options
Focusing on the Fundamentals of Futures
Futures’ features
Financial futures
Introducing the Basics of Options
Futures versus options
Puts and calls
Risks
Understanding Cryptocurrency Derivatives Trading
The advantages of crypto derivatives trading
The advantages of crypto derivatives for the industry
Trading resources
Dealing with the Dollar and Other Fiat Currencies
Considering the World’s Reserve Currency: The U.S. Dollar
Focusing on factors that affect the U.S. dollar
Looking at Bitcoin versus the U.S. dollar
Examining the Euro and Other Major Currencies
The euro and the British pound
Safe havens: The Swiss franc and the Japanese yen
The Aussie, Kiwi, and Loonie dollars
Comparing the Forex Market and the Crypto Market
The similarities
The differences
Resources for forex trading
Using Technical Analysis
Beginning with the Basics of Technical Analysis
The chart art
The time factor
The psychology factor: Trends
Spotting the Key Levels
Support levels
Resistance levels
Trends and channels
When the trend is no longer your friend
Picking Out Patterns on a Chart
Bullish reversal patterns
Bearish reversal patterns
Smoothing Charts Out with Moving Averages
Basic moving averages
Sophisticated moving averages
Short-Term Trading Strategies
Distinguishing Three Short-Term Time Frames
Profiting within hours
Defining crypto trading sessions
Know that day trading cryptos is different from day trading other assets
Set a time aside
Start small
Don’t take on too much risk
Secure your crypto wallet
Stay away from scalping
Profiting within days
Profiting within weeks
Trying Short-Term Analysis Methods
Deciphering chart patterns
A 30-minute chart
An hourly chart
A four-hour chart
Using indicators
Avoiding illegal pump-and-dump stuff
Managing Short-Term Trading Risk
Long-Term Investing Strategies
Time Is on Your Side: Getting Started with Long-Term Investing
Your personal goals and current situation
Your portfolio’s objectives
TIME AND CRYPTOS: THE FAMOUS PIZZAS
Creating Long-Term Strategies
Observing psychological levels
Selling when you reach your goal
Keeping tax consequences in mind
Considering Limit and Stop-Loss Orders
Limit orders
Stop-loss orders
Minimizing Losses and Maximizing Gains
Keeping the Losses Down
Measuring returns
Monitoring exchange fees
Understanding the art of getting out
Don’t be greedy
Take partial profits
Let go of bad investments
Letting the Profits Rise
Buying at the bottom
Knowing that patience is a profitable virtue
Identifying the peaks
Finding peaks and bottoms with a few trading tools
Using Ichimoku and Fibonacci Techniques
Getting a Handle on Ichimoku Kinko Hyo
The components of Ichimoku Kinko Hyo
Ichimoku interpretations
Buy signals
Sell signals
Other common interpretations
Introducing Fibonacci Retracement Levels
Some background on Fibonacci
How to insert Fibonacci retracement levels into your chart
Combining Ichimoku and Fibonacci Techniques
Taxes and Cryptocurrencies
Distinguishing Three Types of Crypto Taxes
Income taxes
Long-term capital gain taxes
Short-term capital gain taxes
INTRODUCING SOME CRYPTO TAX EXPERTS
Minimizing Your Crypto Taxes
Lowering your mining income tax
Reducing your trading tax
Bringing down your capital gain taxes
Checking the rate of your state
Evaluating Taxable Income from Crypto Transactions
Tracking your crypto activity
Handling crypto forks
Reporting international crypto investments
Cryptocurrency Mining. Contents at a Glance
Understanding Cryptocurrency Mining
Understanding Decentralized Currencies
SO WHY IS THE PROCESS CALLED MINING?
Exploring the Role of the Crypto Miner
Making Cryptocurrency Trustworthy
Reaching Agreement through Consensus Algorithms
Looking at the Cryptocurrency Miner
ASIC SCHMASIC
Making the Crypto World Go ’Round
Exploring the Different Forms of Mining
Proof-of-Work Algorithms
Proof-of-work applications
Proof-of-work examples
Upsides
Downsides
Proof-of-Stake Algorithms
Proof of stake explained
MINERS AND VALIDATORS
Proof-of-stake selections
PoS example cryptocurrencies
Upsides
Downsides
CHAIN TIP
Hybrid Proof of Stake/Proof of Work
Hybrids explained
HYBRID PROOF-OF-STAKE/PROOF-OF-WORK REWARDS
Hybridized examples
Upsides
MASTERNODES
Downsides
Delegated Proof of Stake
Delegated Byzantine Fault Tolerance
Proof of Burn
And MORE…
Mining Made Simple: Finding a Pool and Preparing an Account
Understanding How Pool Mining Works
Choosing a Pool
Pools that are good starting points
A few of the largest pools
Bitcoin (BTC)
Litecoin (LTC)
Ethereum (ETH)
Zcash (ZEC)
Monero (XMR)
Incentives and rewards
Pool ideology
Pool reputation
Pool fees
Pool percentage of the total network
Setting Up a Pool Account
Server choice
Mining equipment pool settings
Payout addresses
Payout thresholds
Researching Mining Pools
Cloud Mining
Picking a Cryptocurrency to Mine
Determining Your Goal
Mineable? PoW? PoS?
Researching Cryptocurrencies
Mining profitability comparison sites
Algorithms and cryptocurrencies
HASH RATE UNITS
Algorithms requiring a specialized ASIC
Algorithms that may be mined without ASICs
The cryptocurrency’s details page
Mining-profit calculators
HASH POWER ENVY? YOU’D BETTER POOL MINE
The cryptocurrency’s home page
GitHub
The cryptocurrency’s Wikipedia page
Mining forums
Going Deep
Longevity of a cryptocurrency
Hash rate and cryptocurrency security
Community support
METCALFE’S LAW
Knowing That Decentralization Is a Good Thing
Finding Out It’s an Iterative Process
Gathering Your Mining Gear
Selecting the Correct Computational Mining Hardware
Specified hash rate
Specified power consumption
Equipment cost and other considerations
Length of time your hardware will be viable
Mining Equipment Manufacturers
ASIC rig producers
GPU rig producers
Finding a Wallet to Store and Protect Your Private Keys
Where to Mine? Selecting a Viable Location
Vet your home for cryptocurrency mining
Communication requirements
Traditional Internet access
Satellite access
SATELLITE BLOCKCHAIN?
Power source thoughts
Power delivery units
Power supplies
Existing electrical infrastructure versus new installations
Data centers and other dedicated commercial locations
Upsides
Downsides
Setting Up Your Mining Hardware
ASIC Mining Rigs
Racks
Power supply
PDUs
Network and Ethernet connection
A computer to control your rig
GPU Mining Rigs
Getting your GPU rig online
Building your own GPU miner
Mining rig frame
Motherboard
Central processing unit
Graphical processing units
Riser card and cables
Memory
Power supply
Hard drive
Fans
An operating system, mouse, keyboard, and screen
CPU Mining
Mining Software
Pool mining
FPGA?
Solo mining
Running the Numbers: Is It Worth It?
Factors That Determine Mining Profitability
Cost of equipment
Hash rate of your equipment
ASIC manufacturer ratings
Processor benchmarking sites
HASHES VERSUS SOLUTIONS
Mining pools
Downloadable processor testers
Mining rig efficiency
Hash-rate capability
Efficiency
Cost of maintenance
Cost of facilities
Cost of electricity
Measuring your power consumption
Finding the cost of electricity
Estimating monthly energy usage and cost
Total network hash rate
Information about your pool
Block earnings
Cryptocurrency conversion rate
Calculating Your ROI
Your block earnings
Calculating for solo mining
QUICK CONVERSION
Calculating for pool mining
Your expenses
Calculating ROI
Knowing the unknowns
Online profitability calculators
Historical estimates
Reducing Negatives and Gaining an Edge
Profitability through Efficiency
Upgrading aging equipment
Mining different cryptocurrencies
Using exhaust heat
CREATIVE USES FOR HEAT DISCHARGE
Reducing electricity bills
Utility rate structures
Alternative energy sources
Knowledge Is Power
Why current events are important
The “fork wars”
Your forking decisions
REPLAY PROTECTION
What do you mine?
ANOTHER PROBLEM WITH CUSTODIAL WALLETS
What should you do with your new cryptocurrency?
In general, forks die
Here Today, Gone Tomorrow
Evaluating Your Mining Resources
Increasing mining competition
Increasing block difficulty
Diminishing returns due to halving events
Running Your Cryptocurrency Business
What to Do with Your Mined Cryptocurrency
Convert your cryptocurrency
Buying equipment and paying bills
Paying with crypto when you can’t pay with crypto
Expand or upgrade your mining operation
But don’t forget the tax
Hodling your cryptocurrency
LAW-ABIDING TAXPAYER, OR CRYPTO ANARCHIST?
Invest your cryptocurrency
Donate your cryptocurrency to charity
Gift your cryptocurrency
Determining When to Sell
Cryptocurrency market indicators
Where to sell: Cryptocurrency exchanges
Dollar Cost Averaging
Dollar cost averaging your purchases
Cost averaging your exits
Custodial exchange risk
Tax and Your Mining Business
But you’re mining, not investing
It gets complicated
Scaling Up?
Do not overextend
Milestones to meet before you reinvest
Planning your expansion
Index. A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
About the Authors
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