Learn to mine cryptocurrencies (Udemy.com)

If you are interested in cryptocurrency mining but are confused by the technology, terminology, and how it works, then keep reading.

If you are anything like me, you are interested in cryptocurrencies and the Blockchain. You probably are also interested in mining crypto, but thought that it is too hard, too expensive, and simply did not know how to get started. That's exactly what I thought.

And that is why we decided to create this video course.

Crypto mining is not a mystery anymore. Let us show you...

In this course, we explain:

- What is a cryptocurrency

- How to mine some of the major cryptocurrencies using your Raspberry Pi

- The kind of mining rewards based on which you can earn crypto "coins"

- How to set up paper and software wallets

- How to join online mining pools that will make your mining efficient

- How to install and use mining software for the most common cryptocurrencies

- How to expand your Blockchain knowledge through projects

In the beginning, there was the Blockchain

The Blockchain, on which the Bitcoin and other cryptocurrencies are based, is a technology that has the potential to do just that.

The Blockchain is a digital document on which information is recorded and shared among the participants of a network in a way that makes it very difficult (or impossible) to alter.

Because of its security and reliability features, the Blockchain provides the ideal infrastructure for the implementation of systems that must record financial, contractual, or any other valuable information that traditionally requires an intermediary (like a Government, a lawyer, or an agency) to guarantee its validity. With the Blockchain, the validity of this information is guaranteed by the Blockchain network.

Think of the Blockchain network as a network of nodes (computers that run the compatible Blockchain software). Each node has a copy of the Blockchain and provides validation services to transactions that are happening around the network.

Blockchain applications

The Blockchain and its many applications promise to change how we do common transactions, like buying and selling goods and services, entering contractual agreements, and even how Governments operate.

They promise to democratize the economy by reducing or eliminating the control of the money supply by central banks, reduce corporate and government corruption by storing every record in the Blockchain-powered public ledger, reduce international transaction and currency exchange costs, and automate all kinds of agreements between people and organizations through automation.

Blockchain adoption and HTML, TCP/IP

Is this too good to be true? While no-one can predict the future with certainty, what we do know is that the technology we need to achieve all this has already been invented. We are now going through a phase of adoption by our societies and economies, and experimentation.

This is the process I experienced vividly with HTML and TCP/IP in the mid-1990's.

The question is, are you ready for cryptocurrencies?

Profit versus knowledge

This question goes far beyond mining cryptocurrencies for profit. It is about understanding a major application of the Blockchain, perhaps the application that has evolved the most, and matured to the extent that it is certainly not a fad anymore. Cryptocurrencies are here to stay and they are integrating with our daily lives more every day.

Learning how to mine cryptocurrencies will give you an insider understanding of the mechanics of how monetary value is created through the computational effort of a computer.

Why we have created this course

With crypto, the printing press, owned and operated by a central bank, is replaced by a computer, owned and operated by you.

The monopoly of the central bank to print currency is replaced by the ability of your computer to solve mathematical problems.

Your Raspberry Pi, or your general-purpose or specialized mining computer, is like a personal mini-central bank, connected to other mini central-banks, constantly adding value to the public cryptocurrency network.

This is why we have created this course.

Like you, we wanted to know how cryptocurrency mining works. We wanted to know if it is possible to mine Bitcoin with a Raspberry Pi, and why CPUs and even GPUs (graphics processing units) are no longer adequate for profitable mining.

We also wanted to know if other cryptocurrencies can be mined by our Raspberry Pi (there are!), and whether it is possible to join forces with other miners in order to improve our collective mining efficiency (it is!).

Is it legal? What is a block? What is a mining pool and why would I want to share my work with others? What are mining algorithms and which ones should I use for a particular cryptocurrency? Is it expensive?

All of these are good questions, and questions that we needed to answer in our quest to understand this technology.

But as I said earlier, for us, crypto mining is not about making a quick buck.

It's about learning a technology that can potentially change how the fundamental "plumbing" of our economy and society work.

It's all about the Blockchain.

Crypto-mining is simply the best place to start, so this is where this course starts.

Learn through deliberate practice

As a maker, my reward is my understanding of the process of mining. And understanding is best achieved through deliberate practice. I know that endless searching for good resources on Google, YouTube, etc. can waste valuable time; time better spent learning.

How many times have you sat down to learn something new, only to realize that you have wasted your time searching the Internet for answers? The Internet is an incredible repository of information, but finding high-quality and organized content, suitable for fast learning can still be a frustrating experience.

I invite you to take the fast route with this course and join us in Learn to Mine Cryptocurrencies.

We've already done the hard work so that you can concentrate on learning.

So, what will you learn?

In this course, you will learn:

- What is a cryptocurrency

- How to mine some of the major cryptocurrencies using your Raspberry Pi B Model 3 (Bitcoin, Litecoin, Monero, Bytecoin, Magicoin, Turtlecoin)

- The kind of mining rewards based on which you can earn crypto "coins"

- How to set up paper and software wallets

- How to join online mining pools that will make your mining efficient

- How to install and use mining software for the most common cryptocurrencies

- How to expand your Blockchain knowledge through projects