This course fulfills CPE objectives.

After this course, learners should be able to:

  • Gain a basic understanding of crypto mining & validating activities

  • Walkthrough how to tie in mining and validating activity to revenue

  • Walkthrough some common transactions

  • Become familiar with methods to allocate cost and assessing profitiability

  • Become famiiliar with some useful internal controls

  • Be able to prepare income statements and evaluate performance

Course curriculum

    1. Welcome to Mining and Validators!

    2. Agenda and Objectives

    3. Course Slides (PDF Download)

    1. 1.1 - Intro to Mining and Validating

    2. 1.2 - What is Mining? Transaction Fees and Proof of Work

    3. 1.3 - Mining Hardware and Pools

    4. 1.4 - What is Validating?

    5. 1.5 - Penalties, Hardware, and Validator Pools

    6. 1.6 - Mining vs. Validating

    7. Review Questions

    1. 2.1 - Revenue Recognition

    2. 2.2 - Methods for Making a Journal Entry

    3. 2.3 - Journal Entry Summary and Module Review

    4. Review Questions

    1. 3.1 - Operational Costs and Equipment Costs

    2. 3.2 - Asset Staking

    3. 3.3 - Electricity Expense

    4. 3.4 - Mining and Validator Hosting, Pool Commissions, and Penalties

    5. 3.5 - Trial Balance - Mining and Validating

    6. Review Questions

    1. 4.1 - Hardware and Software Controls

    2. 4.2 - Performance Review

    3. 4.3 - Pool Performance Comparison and Module Review

    4. Course Outro

    1. Pass this assessment to earn CPE!

About this course

  • 25 lessons
  • 1.5 hours of video content
  • 2.0 Credits (Specialized Knowledge)
  • Recommended pre-requisites of Blockchain 101, 202

A Partner Course with CipherCounts

CipherCounts is a boutique crypto accounting firm that works on some of the most advanced topics in the industry, integrating standards from public accounting. auditing, and forensics. The team is one of the only firms that combines expertise from the Big Four with advanced technology degrees, tackling topics such as: DeFi, NFTs, DAOs, perps, marketplaces, mining, validators, tokenomics, algorithmic tokens, and various other topics. CipherCounts can also be found at public speaking engagements, in addition to this crypto course partnership with BitwaveU.

CipherCounts provides a curated white-glove engagement tailored to the individual needs of an organization. Clients range from pre-seed start-ups, to billion dollar publicly traded companies, and high net worth individuals. CipherCounts offer turn-key end-to-end solutions that streamline organizations and cure accounting and organizational headaches through a variety of solutions: fractional CFO, controller, and ops services, bookkeeping, product consulting and QA, FASB research, and more. In the spirit of Web3, CipherCounts is a decentralized organization that uses its robust network to provide global solutions working at all hours, appearing at hackathons and conferences around the world.

Other CPE Info

  • Program Level


  • Preparation


  • Delivery

    QAS Self Study

BitAlpha, Inc. (DBA Bitwave) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its