Lean About Bitcoin


How to get BTC

There are 4 ways to get Bitcoin.

1. Mine it

And...how do i mine Bitcoins?

Mining is the process by which the unconfirmed transactions become confirmed. You mine bitcoin by either installing the bitcoin-qt software or joining a mining pool and then running a mining software (like cgminer) that uses your CPU/GPU/ASIC cards to solve hashes. What you are looking for with this software, is the Nonce that is used to provide the proof-of-work for the block that confirms the block as valid. Mining uses difficulty, to scale the network so that on average, there is a block found every 10 minutes. You can see who has mined each block, by viewing the Hashrate Distribution chart. There is also, other way to mining bitcoin by the called Cloud Mining (Renting Hash Power), wich is a service to rent Hash power provide it by someone who got mining maching with a lot of power. You can rent this service for a limit period of time.

2.- Buying bitcoin

Whats exchange to use?

To buy bitcoins is very easy and accesible for everyone! There is a lot of bitcoin website who offer this service to exchange it for any currency. Xapo..com - Bitcoin Wallet Provider (Bitcoin Visa Card Available!) Coinbase.com - Bitcoin and Ethereum Wallet Provider. (You can user your Bank Accound) Localbitcoin - Exchanger comunity. (Multiple Methods) Poloniex.com - used for many newer Alt-Coins yobit.net - used for many newer Alt-Coins Buy it by converting an existing FIAT currency for it.

3. Receive it as a gift

You receive bitcoin, using your public address. This address will look something like this: 18dAhXSeeazgVSmYF78o4z34Z9XUpN7Njj People send bitcoin to this public address, and once confirmed, the coins are then associated with this address and not with their previous address. Playing bitcoin games, completing faucet task, downloading apps are another ways to earn bitcoins. Regardless of the method of obtaining it, Bitcoin is sent to a public address that you own the private key for.

what is a faucet

A faucet is a site that allows people to earn bitcoin (BTC) virtual currency by completing simple tasks, such as viewing a webpage for a specified amount of time, viewing ad content, even solving CAPTCHAs and playing games. The payout from each faucet task is generally quite small, but over time as you accumulate bitcoin currency through multiple tasks, and as the value of the BTC increases relative to other currencies (which it is expected to do), the earnings from bitcoin faucets could be substantial.

Because bitcoin currency is being released on a deflationary schedule, due to laws of supply and demand, it is expected to grow stronger over time compared to other currencies.