Bitcoin

Bitcoin is a digital asset and a payment system. It is commonly called a decentralized digital currency. It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, that is, users can transact directly without an intermediary like a bank, a credit card compan. Bitcoin is also known as digital cash, cryptocurrency, an international payment network, the internet of money—but whatever you call it, Bitcoin is a revolution that is changing the way people think about and use money.

The Bitcoin protocol is also hard-limited to 21 million bitcoins, meaning that no more than that can ever be created. This means that no central bank, individual or government can come along and simply ‘print’ more bitcoins when it suits them. In this sense Bitcoin is a deflationary currency, and as such is likely to grow in value based on this property alone. Bitcoin's Market Cap Is Now More Than $100 Billion. Bitcoin's total market capitalization (market cap) has surpassed $100 billion, making it worth more than many U.S. companies.

Bitcoin Minning

All Bitcoin transactions are recorded permanently on a distributed ledger called the “blockchain” – this ledger is shared between all full Bitcoin “miners” and “nodes” around the world, and is publicly-viewable. These miners and nodes verify transactions and keep the network secure. Miners keep the blockchain consistent, complete, and unalterable by repeatedly verifying and collecting newly broadcast transactions into a new group of transactions called a block. Each block contains a cryptographic hash of the previous block, using the SHA-256 hashing algorithm. Currently, miners receive 12.5 bitcoins every 10 minutes. This halves every 4 years. The next halving will happen in mid-2020.

Get Started with bitcoin

 Here’s the best way to get started with Bitcoin:

Step 1: Create a Bitcoin Wallet

A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others. There are two main types of wallets. A software wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but they can sometimes be tricky to install and maintain. A web wallet or hosted wallet is one that is hosted by a third party. They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins. There are four main wallets that we recommend for beginners.  

Popular Bitcoin Wallet

1. Blockchain

2. Coinbase

1. Blockchain

One of the quickest and easiest ways to get a Bitcoin wallet is to simply go to Blockchain.info and fill out their brief requirements. Blockchain is secure, maybe too secure. A greater risk than theft may be losing access to your own wallet by forgetting your password. If you lose your password and recovery mnemonics, it's over. They (Bitcoin Block Explorer - Blockchain.info) can't recover it. Nobody can. Their wallet is done very securely. Bitcoin Block Explorer- Blockchain.info servers never know your private keys since your web browser encrypts/decrypts your key(s) on-demand using your password(s). It can be a bit confusing for laymen users since they may not understand how in the world the Blockchain wallets work.

To know about how to create blockchain wallet click here

2. Coinbase 

Coinbase is a web wallet with a simple design and a number of very useful features that make it excellent for beginners. You can send and receive bitcoins via email and buy and sell bitcoins directly from Coinbase. A full-featured Android app enables access to all account functions on the go. Coinbase’s founders have a proven startup track record and have raised money from very prominent venture capitalists. This gives Coinbase a level of legitimacy unparalleled in the Bitcoin space. They are also one of the only large Bitcoin companies to never suffer a major hack.

To know about how to create Coinbase wallet click here

 

Step 2: Put Some Bitcoin in Your Wallet

Go to exchangemycoins.com and select that you want to exchange from USD (bank transfer) and to Bitcoin in the dropdowns. Enter the amount of USD you want to buy bitcoins for and see exactly how much bitcoins you will receive for your USD. Enter your public bitcoin address as mentioned previously in this guide. If you prefer to receive an email confirmation of your exchange from USD to bitcoins you can enter your email address. Click start exchange.You will then be sent to the final step of the easy two-step proces. Transfer the amount of USD you want to exchange to bitcoins through bank transfer to the bank account presented to you. Remember to add the transfer message exactly as shown.The bank transfer can take up to 3-4 business days to reach the bank account. Once it is received, your exchange will be processed and the bitcoins will be transferred to your bitcoin wallet. Due to the awesome world of bitcoin, the bitcoins will be transferred to your wallet instantly and after 3-6 confirmations, depending on your choice of wallet, you will be able to spend your bitcoins to buy goods online.

Popular Bitcoin Exchanges

• Coinbase
• Cryptsy
• Bitfinex

Step 3:  Earn Bitcoin 

 There are 3 ways to make money with bitcoin.

1.    Buy BTC and hold them until you make profit and simply sell them. You can buy bitcoin in India from Zebpay, unocoin or local bitcoin. I suggest you to go with Zebpay. It’s more secure and easy to use. You always find best selling and buy price as compared to any other exchanges.

2.  Mining You can Invest in Mining company and start making money through it. Or else you can buy your miner and start mining by yourself. But it’s too costly. I suggest you to Go with Bitclub Network mining. Read below post to understand all about it. 100% legit Company for Bitcoin Mining since 2011. Earn Free btc for 3 years with min investment of 500$. by Nitin Modgil on Earn Free Bitcoin

3.  Trading:- Trading in Crypto is also Big Idea to make money with Bitcoins. I suggest you to Use poloneix Resources andInformation. or Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO for Trading.

   

Step 3:  Earn Bitcoin By faucet

  Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies.

Bitcoin faucets were developed by Gavin Andresen in 2010.

1.  Freebitco :  Win upto $200 in Bitcoins every hour, no strings attached! Multiply your bitcoins, free weekly lottery with big prizes, 50% referral commissions and much more!

2. Bonusbitcoin : Bonus Bitcoin is a completely FREE bitcoin faucet paying out up to 5,000 satoshi every 15 minutes. 

3. moonbitcoin : Moon Bitcoin is a bitcoin faucet with a difference...YOU decide how often to claim!

Whereas most faucets only allow you to claim once per hour or once per day, we allow you to claim as often or as little as you like.

4. Bitfun : This site give you some bitcoin there are interesting offers too it's payout direct to coinpot account. 

 note: go to your wallet click on recieving address, you will get bitcoin deposite address.