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Cryptocurrency Mining For Dummies - FULL Explanationpdf. Nakamoto, S. �Bitcoin: A Peer-to-Peer Electronic Cash System �The Cost of Bitcoin Mining Has Never Really Increased.� Frontiers in Blockchain. We'll start by covering the term itself - we'll talk about what is cryptocurrency mining and why people bother mining cryptocurrency in the. We'll begin with a brief description of crypto mining and its role in validating blockchain transactions. Then we'll discuss the key steps.