Mining 101 — Beginner’s Guide to Bitcoin Mining

Welcome to Mining 101, a complete beginner-friendly learning path created by Lundquist Digital Mining. Whether you’re trying to understand the basics, avoid scams, or build your first mining setup safely, this course walks you through everything step-by-step.

Start at Lesson 1 and move down, or jump to any topic that interests you.

📘 Course Lessons

1. Mining 101: What Is a Mining Pool?

   Understand how mining pools work, what “shares” are, how payouts are calculated, and why nearly all miners join pools instead of mining solo.

2. Mining 101: Hashrate & Difficulty Explained

   Learn what hashrate means, how Bitcoin difficulty works, why it adjusts every two weeks, and how these factors affect your earnings.

3. Mining 101: Electricity — The Most Misunderstood Part of Mining

   Voltage, amps, watts, breakers, heat, safety limits, and the 80% rule. This is the foundation of all safe home mining.

4. Mining 101: Why Small Miners Rarely Win Solo Blocks

   A human-language explanation of probability, network hashrate, and why USB miners and “one-shot miners” almost never find blocks.

5. Mining 101: Heating Your Home With Bitcoin Mining

   Everything you need to know about using miners as heaters, ducting heat, safety considerations, BTU output, and seasonal strategies.

6. Mining 101: Monitoring & Dashboards

   How to monitor hashrate, temperatures, electricity usage, uptime, and miner performance using apps, dashboards, and safe power meters.

7. Mining 101: Hobby vs Business

   Understand when mining is considered a business, tax categories, deductions, structure options, and our Business Wizard Tool.

8. Mining 101: ASIC Buying Mistakes Beginners Make

   Learn the most common hardware purchasing mistakes, including efficiency traps, bad sellers, unsafe wiring assumptions, and unrealistic ROI expectations.

🧰 Recommended Tools

Use these tools alongside the lessons to plan, size, and optimize your mining setup.

• ASIC Analyzer — Compare Efficiency & Cost Per TH
• Breaker Load Calculator — Check Circuit Safety
• Profit Calculator — Estimate Profitability
• Rewards Forecast — Estimate BTC Earned Over Time
• Mining Pool Selector — Find the Best Pool
• Electricity Monitoring Guide
• Find Your First Miner Wizard — Personalized Recommendations

📚 What’s Next

We’re continuously expanding Mining 101. Upcoming lessons include:

• Setting Up Your First Miner (Step-by-step)
• ASIC Troubleshooting & Maintenance
• Understanding Firmware & Tuning
• Home Electrical Upgrades (Beginner-friendly guide)
• Hosting vs Home Mining — Deep Dive

Have a request? Want us to cover a specific topic? Reach out anytime — this course is built for you.