Bitcoin is known as the very first decentralized digital currency, they’re basically coins that can send through the Internet. 2009 was the year where bitcoin was born. The creator’s name is unknown, however the alias Satoshi Nakamoto was given to this person. Bitcoin accounts cannot be frozen, prerequisites to open them don’t exist, same for limits on cryptocurrency investment fund .
Advantages of Bitcoin
Bitcoin transactions are made directly from person to person trough the internet. There’s no need of a bank or clearinghouse to act as the middle man. Thanks to that, the transaction fees are way too much lower, they can be used in all the countries around the world. Every day more merchants are starting to accept them. You can buy anything you want with them. How Bitcoin works. You should explore bitcoin mining. It’s possible to exchange dollars, euros or other currencies to bitcoin. You can buy and sell as it were any other country currency. In order to keep your bitcoins, you have to store them in something called wallets. These wallet are located in your pc, mobile device or in third party websites. Sending bitcoins is very simple. It’s as simple as sending an email. Invest in bitcoin to get great returns.
You can purchase practically anything with bitcoins.Bitcoin Anonymity.When doing a bitcoin transaction, there’s no need to provide the real name of the person. Each one of the bitcoin transactions are recorded is what is known as a public log. This log contains only wallet IDs and not people’s names. so basically each transaction is private. People can buy and sell things without being tracked.
Bitcoin innovation. Bitcoin established a whole new way of innovation. The bitcoin software is all open source, this means anyone can review it. A nowadays fact is that bitcoin is transforming world’s finances similar to how web changed everything about publishing. The concept is brilliant. When everyone has access to the whole bitcoin global market, new ideas appear. Transaction fees reductions is a fact of bitcoin. Accepting bitcoins cost anything, also they’re very easy to setup. Charge backs don’t exist. The bitcoin community will generate additional businesses of all kinds.
What Makes cryptocurrency investment fund So Interesting?
Should I start Mining for Bitcoins? Is it a good time?The answer to this question is yes from my point of view. Why? One of the main reasons is that digital currencies are very volatile. Many would say that`s a bad thing but I think it`s not the case here because we are counting on that. Let me give you an example: The Bitcoin trading price is now $89 USD per Bitcoin. We are mining for Bitcoins now at this trading price and we could find ourselves cashing out a lot more later. A few weeks back the Bitcoin digital currency was trading at over $200 USD per Bitcoin! An this is not all. This is a one of a kind thing where you can earn money by doing nothing but leaving your Bitcoin mining rig turned on. Of course it all depends on how much are you willing to invest. What is a Bitcoin?Watch the video below to learn more about crypto currencies and Bitcoin. GPU Mining Rig vs FPGA vs ASICMaybe you`ve heard by reading on other articles that it`s the ASIC era in Bitcoin Mining. That may be somehow true but you should choose wisely. Here is a comparison: ASIC Miners - are fast, and at the moment it`s a sure bet to make the most money but the downside is that the companies that sell these machines are way behind schedule shipping the orders. (This means that if you order a ASIC miner now, it may take even 5-6 months to get it and in the mean time many other people will have these machines going thus increasing the difficulty and making mining less profitable.) FPGA Miners - this type of miners are not recommended anymore because of the high cost per hash power they provide. You will need many FPGA miners to make a good income per month and it will take even more time to break even with the money you`ve put into these machines. GPU Miners - From my point of view these type of miners are the way to go. You might ask yourself why? The GPU`s use more power! It`s true but even so the advantages are many. You can use these miners for other crypto currencies too, like Litecoin which at the moment is more profitable to mine than Bitcoin. Litecoin might be the coin of the future like Bitcoin was at the beginning. The exchange rate is now somewhere at $3 per Litecoin and if you start mining now and keep your coins you could even be a billionaire in a few years. GPU miners will be able to mine any new crypto currency and if at a certain point you don`t need it anymore you can always sell your mining machine, compared to FPGA and ASIC miners that will never serve any other purpose besides mining. Recommended GPU for mining: Gigabyte Radeon HD 7950 - This one is the best in terms of hash speed and power consumption. I use it in my own rigs and get ~700mh/s. I will write a guide on how to create a very good mining rig in the near future so check out this page often for updates. Getting started with Bitcoin1. Step one Download the Bitcoin Wallet Go to the official Bitcoin Website to download the Bitcoin-Qt After you download the wallet, let it run. It will download all the blockchains from the network. This may take from one to a couple of hours and it will be up to date. In your wallet you will be able to see your unique address that you will use to receive coins from the pools you use. Example of wallet address: 1KtAs4HBFzkdHC2ou4gxyGHwcL7aKzwTve 2. Download AMD GPU Drivers Go to the link below to download the latest AMD Catalyst Drivers for your GPU: http://sites.amd.com/US/GAME/DOWNLOADS/Pages/downloads.aspx Go to the link below to download the latest AMD Catalyst SDK Drivers: http://developer.amd.com/tools-and-sdks/heterogeneous-computing/amd-accelerated-parallel-processing-app-sdk/downloads/ 3. Download your mining software Cgminer is the best GPU miner I have found so far and is easy to configure. Download it here: http://ck.kolivas.org/apps/cgminer/ 4. Signup on one of the mining pools available Here is a short list of mining pools available at the moment: https://en.bitcoin.it/wiki/Comparison_of_mining_pools I recommend BTC Guild because it`s the largest and most popular and you are less likely to have any problems using it. Once you have an account with them there are detailed instructions on how to set up your mining software in under a minute and you are ready to start. 5. Signup on an exchange website The largest exchange website at the moment is BTC-E.COM You will need an account on a exchange website to withdraw your coins to USD or EURO. You can even exchange Bitcoin to Litecoin, Litecoin to Bitcoin, Feathercoin, Namecoin etc. 6. Check the profitability of various cryptocoins I always use Dustcoin.com to see the comparison charts. I recommend looking only for Litecoin and Bitcoin Information. There are many other coins listed but these two are the best. You will see that Litecoin is almost always more profitable to mine but you can take your pick. 7. Start your Cgminer with your chosen pool and you are ready to make some cash!
How to lose $8k worth of bitcoin in 15 minutes with Verizon and Coinbase.com
Step 1 - Understanding Bitcoin And The Block-ChainBitcoin is a peer-to-peer payment system, otherwise known as electronic money or virtual currency. It offers a twenty-first century alternative to brick and mortar banking. Exchanges are made via "e wallet software". The bitcoin has actually subverted the traditional banking system, while operating outside of government regulations.Bitcoin uses state-of-the-art cryptography, can be issued in any fractional denomination, and has a decentralized distribution system, is in high demand globally and offers several distinct advantages over other currencies such as the US dollar. For one, it can never be garnished or frozen by the bank(s) or a government agency.Back in 2009, when the bitcoin was worth just ten cents per coin, you would have turned a thousand dollars into millions, if you waited just eight years. The number of bitcoins available to be purchased is limited to 21,000,000. At the time that this article was written, the total bitcoins in circulation was 16,275,288, which means that the percentage of total bitcoins "mined" was 77.5%. at that time. The current value of one bitcoin, at the time that this article was written, was $1,214.70 USD.According to Bill Gates, "Bit coin is exciting and better than currency". Bitcoin is a de-centralized form of currency. There is no longer any need to have a "trusted, third-party" involved with any transactions. By taking the banks out of the equation, you are also eliminating the lion's share of each transaction fee. In addition, the amount of time required to move money from point A to point B, is reduced formidably.The largest transaction to ever take place using bitcoin is one hundred and fifty million dollars. This transaction took place in seconds with minimal fee's. In order to transfer large sums of money using a "trusted third-party", it would take days and cost hundreds if not thousands of dollars. This explains why the banks are violently opposed to people buying, selling, trading, transferring and spending bitcoins.Your ROI should also be upwards of 1%+ per day because the trading company that you are lending your bitcoin to, is most likely earning upwards of 5%+ per day, on average. Your ROI must also be automatically transferred into your "e-wallet" at regular intervals, throughout your contract term. There is only one platform that I feel comfortable using. It pay's each bitcoin investor/trader 1.1% per day in interest as well as 1.1% per day in capital. This type of a return is staggering compared to what you would earn with traditional financial markets, however, with crypto currency, it is common. Most banks will payout 2% per year!If you are required to conduct tedious activities such as logging into your account, sending e mails, clicking on links etc, you definitely need to keep searching for a suitable trading company that offers a set-it-and-forget-it type of platform, as they absolutely exist.