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    The Digital Coin Revolution: Crypto Currency - How to Make Money Online
    The Digital Coin Revolution: Crypto Currency - How to Make Money Online
    The Digital Coin Revolution: Crypto Currency - How to Make Money Online
    Ebook64 pages28 minutes

    The Digital Coin Revolution: Crypto Currency - How to Make Money Online

    By M. Naveed and John Davidson

    3.5/5

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    About this ebook

    The Digital Coin Revolution - Crypto Currency - How to Make Money Online

    Table of Contents
    The Digital Coin Revolution
    Crypto Currency
    Make Money Online
    Muhammad Naveed & John Davidson
    What Cryptocurrency Really Is
    An Introduction to Cryptocurrency
    What is the Function of this Digital Coin?
    Forms of Cryptocurrency
    Bitcoin (BTC)
    Litecoin (LTC)
    Altcoins
    Advantages and Key Features of Cryptocurrency:
    Some Drawbacks of the Cryptocurrency
    Cryptocurrency Are Being Accepted by More Websites Everyday
    Places Where Cryptocurrency is Accepted and the Incentives it Gives to Involved Persons
    Methods to Generate Money through Cryptocurrency:
    Comparison of the Two Methods, Investing and Mining:
    Research before Making the Plunge
    Continuously Evolving:
    Great Potential for Growth:
    How to Get Your Very First Cryptocurrencies
    Cryptocurrency Still Has a Long Way to Go
    Mining Cryptocurrency
    What’s a Mining?
    Solo Mining
    Pooled Mining
    Stratum Protocol
    CPU Mining
    GPU Mining
    Recommended GPU:
    ASIC Mining
    FPGA Mining
    Economics of Mining
    How Newbies Should Mine for Cryptocurrency
    Is This the Right Time for BTC Mining?
    Profitability of Mining
    Network Mining Limits and Market Caps
    Trading Cryptocurrency
    Legitimate Economic Activity with Cryptocurrency
    Merchant Processing
    Underground Economic Activity with Cryptocurrency
    Political
    Privacy
    Technical Barriers
    Government Regulations
    Conclusion

    In this book learn what the Digital Currency Revolution is all about. Learn how you can set up your own digital vault and start earning your own digital cash on your very own computer. Learn how to mine digital currency.

    What Cryptocurrency Really Is.
    For the purpose of making easier transactions, the world, throughout history, has assigned pressed coins in old times to trade products and in present, printed currency was invented. However, this has increased the number of countries that are getting trapped into debt or for sure are facing difficulties in meeting the needs of their fiscal targets in modern era’s functions of mass Demand and Supply on an international level. The trend towards a financial society that is more centralized has changed towards seeking decentralized money that could sidestep regulations of a specific nation towards the needs of international market.
    It is a system of payment that eliminates the requirement of a financial intermediary between two parties wanting to transmit money using the internet. It is a less costly method and at times, it’s totally free. The transaction is kept unnamed as well. A man named Satoshi Nakamoto invented a new type of digital currency that could use the method of Peer-to-Peer (P2P) System, in 2008. This network itself is commonly referred as individual’s network that is decentralized and these individuals don’t need to know each other essentially. This system would allow the network that is decentralized, to work mutually cracking Algorithms by using high-powered rearranged Graphics Cards probably cracking a block that yielded the reward of cryptocurrency. Here Satoshi wanted to be the first one to crack and collect the profits of the famous "Genesis Block" in 2009. After his hard work and huge reward, a number of enthusiasts of computer hardware are attracted to it and are seeking to obtain a piece from this newly discovered digital gold pit for themselves.

    LanguageEnglish
    PublisherJD-Biz Corp Publishing
    Release dateMar 15, 2014
    ISBN9781311774958
    The Digital Coin Revolution: Crypto Currency - How to Make Money Online

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    • 2/5
      Found the same information online for free. Was disappointed. I guess if you're completely new and want to know what it is then it's a good book for you.
    • 1/5
      very badly written, so bad its hard to read !

    Book preview

    The Digital Coin Revolution - M. Naveed

    The Digital Coin Revolution

    Crypto Currency

    Make Money Online

    Muhammad Naveed & John Davidson

    ~~~

    Smashwords Edition

    All Rights Reserved

    No part of this publication may be reproduced in any form or by any means, including scanning, photocopying, or otherwise without prior written permission from JD-Biz Corp Copyright © 2013

    All Images Licensed by Fotolia and 123RF

    Disclaimer

    The information in this book is provided for informational purposes only and it is not intended for use as a substitute for proper financial or legal direction by a qualified financial or legal advisor. The information is believed to be accurate as presented based on research by the author.

    The author or publisher is not responsible for financial loss or damage incurred by implementing ideas mentioned in this book. The author or publisher is not responsible for errors or omissions that may exist.

    Warning

    The Book is for informational purposes only and before starting or running any business, it is recommended that you consult with your financial or legal professional. Always follow all laws and regulations regarding taxes, selling, buying, or ecommerce.

    Smashwords Edition, License Notes

    This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

    Table of Contents

    What Cryptocurrency Really Is

    An Introduction to Cryptocurrency

    What is the Function

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