Best Way to Make Profit With Bitcoins

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">Successfully trading in any market requires serious study, a keen ability for pattern recognition, and deep knowledge of historical trends and evaluation systems. This section covers the basics of trading only.</span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">Surprisingly, applying basic trading principles often produces the largest profits. More sophisticated trading techniques, sometimes called scalping systems, require more effort and yield small profits, if any at all.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">We will proceed from the simple mechanics of buying and selling Bitcoins, to decision criteria for when to buy or sell (the essence of trading), all the way through Bitcoin trading robots or trading services.</span></div> <h3 style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/p/live-bitcoin-trading-view.html" target="_blank">Trading Bitcoins</a></span></h3> <span style="font-family: "arial" , "helvetica" , sans-serif;">We can buy or sell Bitcoins with anyone who is willing to transact with us. For instance, we could buy Bitcoins locally with localBitcoin.com</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Here is a sample screen:</span><br /> <div class="separator" style="clear: both; text-align: center;"> </div> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="http://2.bp.blogspot.com/-gIc1tyUkouY/VduDyS7cVXI/AAAAAAAAGOA/UCi_QhgSijo/s1600/buying%2Bselling.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Make Profit With Bitcoins" border="0" height="186" src="http://2.bp.blogspot.com/-gIc1tyUkouY/VduDyS7cVXI/AAAAAAAAGOA/UCi_QhgSijo/s400/buying%2Bselling.png" title="Make Profit With Bitcoins" width="400" /></a></div> <br /> <div class="separator" style="clear: both; text-align: center;"> </div> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Notice a few interesting and critical developments in this market:</b></span><br /> <ol style="text-align: left;"> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Online prices are more consistent, as we would expect.</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Local prices are both over and under the online price.</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">There is as much as a 24% difference between the lowest and highest prices approximately. Ignore the wild $256.20/BTC. Everyone else will.</span></li> </ol> <span style="font-family: "arial" , "helvetica" , sans-serif;">This is key information for day trading scenarios. We could conceivably buy Bitcoins for $122.96 in lots up to $1000. Then we could sell them all day long for $140.81.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Our profit works out to about 8 x $17 = $136 (We will neglect gas costs, and buying fractional amounts of Bitcoins)</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">We could also simply buy Bitcoins online and then sell them locally for a small mark-up. This seems to be the simple trading system of choice for the $153 and $147 sellers.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">All we need to do is follow the early steps described in the section How to Use Bitcoins. Briefly, we buy Bitcoins using our Dwolla, Coinbase, Blockchain, or other wallet with a custom produced address from a Bitcoin exchange. We can choose MtGox, Bitcoin-24, Bitcoin7, or others.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Then we sign-up for LocalBitcoin. Post our price on their “Sell Bitcoins” section, and we are in the Bitcoin trading business. While this “arbitrage” method of trading can deliver a reasonable profit, there are bigger profits available for more aggressive profit seekers.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Our best opportunity for trading with Bitcoins involves online only trading. We will buy BTC with our national currency through a trading exchange, and then sell BTC for either our own national currency, or another national currency.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Switching currencies may not be allowed on certain exchanges or in certain countries. Switching currencies between the buy side and sell side of our trade can also add significant complication to our trade. A better move is to stick with one national currency unless we are experienced with FOREX trading already.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Here is what a BTC Buy Order with MtGox looks like for a new account that has not been funded yet:</span><br /> <div class="separator" style="clear: both; text-align: center;"> <a href="http://3.bp.blogspot.com/-LQNBdbztINg/VduEvyfZzeI/AAAAAAAAGOY/XzFg8t1ChA8/s1600/mtgot.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Make Profit With Bitcoins" border="0" height="225" src="http://3.bp.blogspot.com/-LQNBdbztINg/VduEvyfZzeI/AAAAAAAAGOY/XzFg8t1ChA8/s400/mtgot.png" title="Make Profit With Bitcoins" width="400" /></a></div> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">We can enter any amount under “Amount of BTC to BUY” that we have funded. For this new account, that is $0.00. It could be initially as high as $4000 for most new accounts. Some exchanges have no limits, and some have staged limits over time.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">The “Price per coin in USD” is set automatically here at 127 and change. It will move up or down as we wait to execute the order. This is extremely important to consider. Speed, timing, and execution all affect the price we pay.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Read More: </span><span style="font-family: arial, helvetica, sans-serif;"><a href="http://webitcoin.blogspot.com/2015/08/the-bitcoin-secret-trading-full-giude.html">The Bitcoin Secret Trading Full Giude</a></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">After we enter the Amount of BTC to Buy, hit the BUY button, there will be a lag sometimes, but often the order gets executed immediately.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Presto! We are a Bitcoin trader!</i></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Now, for the nuts and bolts of selling Bitcoins, much is the same in terms of fields, with a key difference. When we sell Bitcoins, the exchange takes a slice of the transaction in the form of a reduced selling price. Other exchanges operate differently.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="http://3.bp.blogspot.com/-dcQIhhNTH-w/VduD5Ri0pAI/AAAAAAAAGOM/FjEY-Db2OV4/s1600/buy%2Band%2Bsell.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Make Profit With Bitcoins" border="0" height="187" src="http://3.bp.blogspot.com/-dcQIhhNTH-w/VduD5Ri0pAI/AAAAAAAAGOM/FjEY-Db2OV4/s320/buy%2Band%2Bsell.png" title="Make Profit With Bitcoins" width="320" /></a></div> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">The difference between the BTC Buy price and the BTC Sell price is called the “spread.” It is also sometimes known as the Bid/Ask spread. Bid for what buyers are willing to pay, and Ask for what sellers are willing to sell at.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">For this case the BUY/SELL is about $0.40 USD. Not a large spread, amounting to less than 0.5% of the trade.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">The good news here is that trading Bitcoins is not administratively expensive. The In/Out costs or round trip are less than 1% of the trade, and often free. Some stock, options, and commodities traders can see In/Out costs between bid/ask, commissions, and exchange fees of closer to 3% or higher.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Trading on other Bitcoin exchanges operates in a similar fashion to MtGox.</i></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <br /> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">This is all manual entry trading, not automated or computerized trading. Manual trading can deliver fantastic returns so long as we time our trades and our directions correctly. That is the focus of the next section - answering the question of up or down and when.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/p/bitcoin-rush.html">Bitcoin Rush: Discover Advantage of Bitcoin</a></span></div> </div>

Best Way to Make Profit With Bitcoins

Successfully trading in any market requires serious study, a keen ability for pattern recognition, and deep knowledge of historical trends...

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Prominent Attacks, Scammers, And Bottlenecks in Bitcoin Users

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">The cryptographic code for Bitcoin is virtually impossible to crack. That brings all the focus for hackers to use more basic brute force methods of shutting down exchanges and getting Bitcoins.</span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div> <div class="separator" style="clear: both; text-align: center;"> <a href="http://2.bp.blogspot.com/u5oLa7TkWsW92wy0GdF5eFZJLPKU2hvl1ldPrei_LuXiBy-VxFFHgGzQiU4xVYrclI3ZqA66AmDwgCDix97J8cpXYf9ia3slXWIz8H92RUNrILrjXkY_hZUluXGN1e8BAw" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Bottlenecks in Bitcoin Users" border="0" height="225" src="https://2.bp.blogspot.com/u5oLa7TkWsW92wy0GdF5eFZJLPKU2hvl1ldPrei_LuXiBy-VxFFHgGzQiU4xVYrclI3ZqA66AmDwgCDix97J8cpXYf9ia3slXWIz8H92RUNrILrjXkY_hZUluXGN1e8BAw" title="Bottlenecks in Bitcoin Users" width="400" /></a></div> <div class="separator" style="clear: both; text-align: center;"> Image Source: <span class="irc_ho" dir="ltr" style="margin-right: -2px; overflow: hidden; padding-right: 2px; text-overflow: ellipsis; unicode-bidi: -webkit-isolate;">zerohedge.com</span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">A DDoS is a Distributed-Denial-of-Service attack that sends huge numbers of bot data visitors that overload servers. When an exchange gets hit, inevitably the value of Bitcoins tumbles. This alone would provide enough profit to motivate hackers to crash exchanges for cleaning up the now devalued BTC's. When the exchange gets back up and running, the value of BTC's climb and the hackers have their pay day- possibly. It is also possible that the hackers simply want to crash the service.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><i>InstaWallet was crashed by a similar attack and never recovered.</i></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><i><br /></i></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Read More: </i></span><span style="font-family: arial, helvetica, sans-serif;"><i><a href="http://webitcoin.blogspot.com/2015/11/how-to-multiply-or-double-your-bitcoins.html" target="_blank">How to Multiply or Double Your Bitcoins hundredfold in a day? SCAM!</a></i></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Other possible attacks:</b></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Government regulations attempt to restrict access to exchanges, label it an investment, or that it is trying to be a currency that threatens the government monopoly. All these fall under Financial Crimes Enforcement Network (FinCEN):</span><br /> <div class="separator" style="clear: both; text-align: center;"> <a href="http://1.bp.blogspot.com/-U3XF_HGnfUs/Vdt932RTZuI/AAAAAAAAGNw/qAbfum2h8JI/s1600/Bitcoin%2BHacker.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Bottlenecks in Bitcoin Users" border="0" height="145" src="http://1.bp.blogspot.com/-U3XF_HGnfUs/Vdt932RTZuI/AAAAAAAAGNw/qAbfum2h8JI/s400/Bitcoin%2BHacker.png" title="Bottlenecks in Bitcoin Users" width="400" /></a></div> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>This black boot agency putting a damper on our monetary freedom is saying:</b></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Users of Bitcoins do not fall under FinCEN rules, but any exchange or wallet services do! They are known as MSB's or money services businesses. This means that any service that transfers, exchanges, stores, or interacts with Bitcoins on a per fee basis, could eventually be the target of the U.S. treasury, FBI, IRS, and any other agency that chooses to participate.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">This represents the greatest threat against Bitcoin. Our mystery developers behind Bitcoin saw this attack coming. Their answer was to distribute the ability to exchange Bitcoin. They built in a “black market.” What they really built in - was freedom for free people to transact without anyone else knowing about it, taxing it, or being able to stop it.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">There is no way short of taking down the Internet and/or power grid for the government to fully stop Bitcoin. That won't necessarily stop them from trying, however.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/p/bitcoin-rush.html">Bitcoin Rush: Discover Advantage of Bitcoin</a></span></div> </div>

Prominent Attacks, Scammers, And Bottlenecks in Bitcoin Users

The cryptographic code for Bitcoin is virtually impossible to crack. That brings all the focus for hackers to use more basic brute force m...

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The Main Targets For Hacks And Attacks on Bitcoin

<div dir="ltr" style="text-align: left;" trbidi="on"> <span style="font-family: "arial" , "helvetica" , sans-serif;">Mtgox.com covers about 80% of the transactions where people buy and sell Bitcoins. It looks a lot like a stock market with price charts, buy/sell orders, and small fees for the transactions. Mtgox.com shut down during the April 2013 crash. They claimed that too many people were signing up for accounts - about 60,000 per day - but that does not seem to be a valid excuse for a shut down that lasted from $260+ down to around $100 in BTC exchange value on April 11, 2013.</span><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Bitfloor.com shut down immediately and for good when the crash happened. The exchange function where we trade out of Bitcoins and into dollars, euros, yen, or any other currency or payment system exposes the exchange to significant currency risk. They can lose our Bitcoins and/or our national currency in a blink. This will continue to be an inherent risk in the near future.</span><br /> <div class="separator" style="clear: both; text-align: center;"> <a href="http://2.bp.blogspot.com/-jYgUV9UAA-w/Vdt8OB7i9WI/AAAAAAAAGNk/UuLFudLlSww/s1600/blockchain.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Hacks And Attacks on Bitcoin" border="0" height="193" src="http://2.bp.blogspot.com/-jYgUV9UAA-w/Vdt8OB7i9WI/AAAAAAAAGNk/UuLFudLlSww/s400/blockchain.jpg" title="Hacks And Attacks on Bitcoin" width="400" /></a></div> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>A brief history of some of the main shut downs:</b></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Mtgox and other Bitcoin exchanges shut down for block chain issues; there are splits in the block chain because of differing claims to be the valid chain. Another similar problem shut down the exchange on June 23, 2012.</span><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">The big shut down though, occurred on April 3, 2013 and April 11, 2013. There was no technical difficulty. Instead, Mtgox decided to cool the market instead of allowing it to trade free.</span><br /> <br /> Read More: <a href="http://webitcoin.blogspot.com/2015/08/prominent-attacks-scammers-and.html#ixzz3yujZ4VqH" target="_blank">Prominent Attacks, Scammers, And Bottlenecks in Bitcoin Users</a><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Bitcoin has had several code problems in which there were unverifiable Bitcoins within the network. The first and worst incident occurred shortly after Bitcoin came into existence. In August 2010 over 184 million BTC were generated in a transaction and sent to a few addresses in the network. They were soon spotted as false Bitcoins (BTC), the flaw in the code that created the false BTC was corrected, and within hours the network was back up.</span><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">On March 13, 2013 there was a split in the block chain as a result of a large number of blocks created that did not match with previous ones because of a difference in software and the size of the blocks created. This resulted in two sets of block chains depending on the version of the software 0.7 or 0.8 being run. The developers working with Bitcoin.org resolved this split by agreeing to use the 0.7 version and all the transactions checked against that block chain. Even after a 23% drop in Bitcoin value due to this split, Bitcoin bounced back.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <br /> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">The lesson though, is that Bitcoin can have problems with the core code. We all know our computers are not fool proof. Such is the issue with Bitcoin.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/p/bitcoin-rush.html">Bitcoin Rush: Discover Advantage of Bitcoin</a></span></div> </div>

The Main Targets For Hacks And Attacks on Bitcoin

Mtgox.com covers about 80% of the transactions where people buy and sell Bitcoins. It looks a lot like a stock market with price charts, bu...

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How to Become A Bitcoin Miner and Earn Bitcoin

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">Early on with Bitcoin, simply downloading the Bitcoin software started us on the road as Bitcoin miners. We started the software for Bitcoin, and it would show how our computer processor was mining Bitcoins as it solved the cryptographic code-breaking problem. It was a slow process for earning Bitcoins on normal PC's.</span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div> <div class="separator" style="clear: both; text-align: center;"> <a href="http://mixedhacks.com/wp-content/uploads/2014/06/bitoin-mining-proccess.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Bitcoin Miner and Earn Bitcoin" border="0" height="240" src="http://mixedhacks.com/wp-content/uploads/2014/06/bitoin-mining-proccess.jpg" title="Bitcoin Miner and Earn Bitcoin" width="320" /></a></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">More powerful computers could dramatically increase the rate for solving the puzzles or hashing as it is referred to in the Bitcoin lexicon. The creator(s) of the software anticipated that Bitcoin mining would go big. The software code and mathematics creates more difficult problems to solve - or mine - as the number of Bitcoins in circulation increases.</span></div> <br /> <h3 style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">The Concept Of Bitcoin Mining</span></h3> <span style="font-family: "arial" , "helvetica" , sans-serif;">Gold and silver are mined into existence. Costs for finding, licensing, mining ore, culling ore from gold and silver, then minting coins and bars, creates a value for gold and silver. Bitcoin has a similar set-up, though not as costly or involved. The key difference is that mining for Bitcoins involves solving codes or cryptographic mathematical puzzles.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">The most important aspect of mining Bitcoins, is that anyone can get involved. There is no central bank, no government treasury, no board room filled with supposedly all knowing people deciding how much money to produce. We can all produce Bitcoins, provided we can set-up a mining operation.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Read More: <a href="http://webitcoin.blogspot.com/2015/08/the-bitcoin-secret-trading-full-giude.html" target="_blank">The Bitcoin Secret Trading Full Giude</a></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Terms BTC Miners Use:</b></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Mining -</b> Solving the math puzzles for generating the next block. Miners hash at a certain rate based on computing power and the difficulty of the Bitcoin hash over time.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Rig -</b> the complete set-up for solving the Bitcoin algorithms involving power source, processing unit, code, input and output controllers. These are normally dedicated Bitcoin servers, but could be any form of computer or graphics card devoted to solving the BTC block puzzles. This involves a red-hot fast CPU, GPU (Graphic Processing Unit), ASIC (Application Specific Integrated Circuit), and now dedicated computer boxes called FPGA. Field Programmable Gate Arrays are taking the speed championship from ASICS for cracking codes.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Hash Rate - </b>The speed a rig can solve or make calculations for the Bitcoin network. It is expressed as TH/S for Trillion Hashes/Sec or GH/S for Giga Hashes/Sec.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Block -</b> A record that confirms many waiting transactions. It then becomes part of a block chain where each block relates to previous and future blocks through agreement of code segments.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Block Chain -</b> A grouping of blocks forming the public record of all Bitcoin transactions in chronological order. It is shared among all Bitcoin users for verifying the false from true Bitcoin spends, the balance of Bitcoin addresses, and prevents double spending of Bitcoins. Think of the block chain as the ledger for Bitcoin, with encoded entries.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Bitcoin -</b> These are unique codes “awarded” to miners for solving the problems that allow for creating the next block in the block chain. Bitcoin was awarding 50 Bitcoins per solution and now is awarding about 25 per solution. This will go down to 12.5 Bitcoins per block in 2017. Every four years the number of Bitcoins created per 10 minutes will go down by half, until 2139.</span><br /> <h3 style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">How To Mine Bitcoins</span></h3> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>For learning about mining (and not creating any Bitcoins for a long, long time):</b></span><br /> <ol style="text-align: left;"> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Visit - http://www.Bitcoinplus.com/generate</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Click “Generate”</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Watch as your computer begins solving the Bitcoin codes - and makes almost no progress over time.</span></li> </ol> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>For those that want to make money with Bitcoin mining, here are a few considerations:</b></span><br /> <ol style="text-align: left;"> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Select the lowest cost electricity state possible. CA is among the highest, and here are a few others at either end</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Lowest-Cost States:</span></li> </ol> <ul style="text-align: left;"> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Wyoming</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Idaho</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Utah</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Kentucky</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">West Virginia</span></li> </ul> <span style="font-family: "arial" , "helvetica" , sans-serif;">   3. Highest Cost States:</span><br /> <ul style="text-align: left;"> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Rhode Island</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Alaska</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Connecticut</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">New York</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">Hawaii</span></li> </ul> <span style="font-family: "arial" , "helvetica" , sans-serif;">If you want to have your own rig (BTC mining server), buy a dedicated one, or build one with an ATI graphics cards. ATI offers the most energy efficient cards with among the fastest hash rates in the low end GPU server world. Now miners are going to ASICS and FPGA's.</span><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Here are a few sources to buy the rigs:</b></span><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">FPGAmining.com</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Ebay.com (sample shown below)</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Amazon.com for GPU's</span><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>We can also buy and assemble our own Bitcoin mining rig. This is similar to building our own computer.</b></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <br /> <ol style="text-align: left;"> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">We need a power supply. Bigger is better. 500 W + is ideal.</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">We need a motherboard with multiple graphic card slots.</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">We need a mid-range processor of either Intel or AMD brand.</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">We need input output cards to handle extending to other graphics cards.</span></li> <li><span style="font-family: "arial" , "helvetica" , sans-serif;">We need multiple graphics cards from ATI. The faster and more memory the better and at the lowest price possible.</span></li> </ol> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">How to assemble and get the system working together is beyond the scope of this e-book. One of the better resources is from Scribd at: http://www.squidoo.com/how-to-build-a-budget-Bitcoin-mining-rig</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Fortunately, building our own mining rig is not the best option for mining Bitcoins. Much like in the real investment world, the best option is buying shares in a mining group. It’s almost like buying stock, but without the downside risk and plenty of upside. Still, there are risks.</span><br /> <br /> <h3 style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">Problems In Mining Bitcoins</span></h3> <span style="font-family: "arial" , "helvetica" , sans-serif;">Initially, Bitcoin mining was not very profitable. With BTC/$ values as low as $.06 - $.30, there was not much incentive to mine too actively. As the value of the Bitcoins increased, miners began to make huge margins mining Bitcoins. At the peak, ($/BTC of about $260), miners could be making 50 -60 times their investment in the mining rig and electricity. The complexity of the puzzles to solve has increased, as has electricity cost, and the number of miners working to solve the next block, all while the $/BTC value crashed. These factors have made it so the individual miner does not stand to make much profit from Bitcoin mining unless they invest in serious equipment. Some of the top end Bitcoin mining boxes run over $10,000.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">A better approach for most would-be Bitcoin miners is either to buy into a mining group, or join a mining pool. Mining pools allow individual members to get a smaller piece of the BTC awards given for solving a single block in the chain. Otherwise, an individual miner could be mining for a long time before ever solving the block at the right point to receive their 25 BTC's. Not a wise investment.</span><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">We can either build or buy a Bitcoin mining rig as previously described, or join a mining group. We would link our solving power with the rest of the group and split the Bitcoins awarded based on calculations performed.</span><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">You can see one of these mining pools here: https://deepbit.net/</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">This area of Bitcoins is ripe for scams, so “buyer beware” applies here.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <br /> <h3 style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;">Potential Bitcoin Disasters, Problems, And Challenges</span></h3> <span style="font-family: "arial" , "helvetica" , sans-serif;">Bitcoin has produced huge positive returns for early adopters - Bitcoin millionaires - and huge loses for those that bought the $260+ hype bubble in April of 2013. Even the most staunch supporters know Bitcoin has already had multiple stoppages at the site handling 80% of exchanges (mtgox.com), along with hacks of Bitcoin wallets, price crashes from major sellers entering the market, and now government notice of Bitcoin's success. The future will bring more challenges, as this section explains.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/p/bitcoin-rush.html">Bitcoin Rush: Discover Advantage of Bitcoin</a></span></div> </div>

How to Become A Bitcoin Miner and Earn Bitcoin

Early on with Bitcoin, simply downloading the Bitcoin software started us on the road as Bitcoin miners. We started the software for Bitco...

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Bitcoin the Future of Currency, Bye Bye Dollar

<div dir="ltr" style="text-align: left;" trbidi="on"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>WARNING</b>: ON JULY 1ST 2014 YOUR FINANCIAL FUTURE WAS CHANGED FOREVER</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">President Barack Obama's new law House of Representatives Bill # 2847 came into effect. 99% of the American Public do not understand this bill. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">On this date, U.S. House of Representatives Bill "H.R. 2847" went into effect. It will usher in the true collapse of the U.S. dollar, and will make millions of Americans poorer, overnight. You now have just several months to prepare.. In less than three months the Department of the Treasury will start trimming payments on</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <br /> <div class="separator" style="clear: both; text-align: center;"> <a href="http://2.bp.blogspot.com/-NtG35uJ43yA/VeGV5XY-5NI/AAAAAAAAGbA/xNObNSKf0Oc/s1600/dollor.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Bitcoin the Future of Currency" border="0" height="317" src="https://2.bp.blogspot.com/-NtG35uJ43yA/VeGV5XY-5NI/AAAAAAAAGbA/xNObNSKf0Oc/s400/dollor.jpg" title="Bitcoin the Future of Currency" width="400" /></a></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>"Foreign governments could lose faith in the US dollar causing chaos"</b></span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /> </b></span></div> <span style="font-family: "arial" , "helvetica" , sans-serif;">portions of the $17.3 trillion-plus national debt, with unpredictable ­ and unstudied ­ consequences. Acting in violation of legal commitments to purchasers, the Department will chop 30% from interest payments due to some foreign holders of hundreds of billions, perhaps trillions, of dollars' worth of Treasury securities. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Possible results of this consciously inflicted partial federal default could include mass dumping of bonds by jittery holders, a rise in the rate the government pays for debt service, and undermining the dollar's status as the world's reserve currency. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">The impact on the U.S. and global economy is, literally, </span><span style="font-family: "arial" , "helvetica" , sans-serif;">incalculable </span><br /> <a href="http://www.forbes.com/sites/realspin/2014/04/14/is-america-about-tostumble-into-a-credit-default/" style="font-family: arial, helvetica, sans-serif;">http://www.forbes.com/sites/realspin/2014/04/14/is-america-about-tostumble-into-a-credit-default/</a><span style="font-family: "arial" , "helvetica" , sans-serif;"> · You need to act now and be one of the few who can reduce this effect getting to understand Bitcoins could be the best investment you have ever made · If foreign government's lose faith in the US Dollar its unique status as reserve currency will evaporate and no amount of printing can prop up the dollar. Consider this facts too. In another year or so, it is expected that 1 in every 20 persons will be a regular user of Bitcoin in the developed world; enjoying the positive effects along with the savings benefits on every payment form. With the increased possession of <a href="https://araixuniversity.com/product/wirexapp/" target="_blank">Bitcoins</a>, there will also be a rise in acceptance of</span><br /> <br /> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>"You will see more and more merchants accepting Bitcoin"</b></span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /> </b></span></div> <span style="font-family: "arial" , "helvetica" , sans-serif;">Bitcoins by small merchants. In this way they will be saving a small percentage on the fees, which in turn can indicate double profit, since many operate on small margins. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">So, you can definitely expect a number of small merchants to accept these digital currencies in a few months. . </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">And there's more! The second generation of crypto coins has already started growing, and will probably grow up to 1-5% of Bitcoin very soon, offering not only monetary benefit, but also other services as well. To mention a few of these accessory services, we will have </span><span style="font-family: "arial" , "helvetica" , sans-serif;">file sharing, messaging, trading, contracts, along with other features which were not available earlier in such an accessible as well as simple way. An extract from stansberry research. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">The Greatest Danger America Has Ever Faced? I believe that Americans are about to see a major, major collapse in our national monetary system, and our normal way of life. Basically, for many years now, our government has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans. Again... I say these things as an expert in accounting and financial research. You may not think things are THAT BAD in the U.S. economy, or that our government</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <br /> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>"Everyday the U.S Government spends $200 m it does not have"</b></span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /> </b></span></div> <span style="font-family: "arial" , "helvetica" , sans-serif;">spending is not "that bad," and I don't want to overwhelm you with numbers, but consider just one simple fact... </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Every single hour, of every single day, the U.S. government spends about $200 million that it doesn't have. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Yes, that's every hour of every single day... 24 hours a day, seven days a week, including Sundays, Christmas, Thanksgiving, Easter, and every other holiday. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">For a point of reference, consider that in just two months, the government Yet </span><span style="font-family: "arial" , "helvetica" , sans-serif;">borrows more money than the combined annual profits of the 100 biggest publicly traded companies in America. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">That's absolutely incredible, isn't it? </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Again, every hour of every single day, we are spending $200 million we don't have. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Does that sound sustainable to you?  </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">you'll rarely see this fact reported anywhere else. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Normally, I study these kinds of numbers when I'm looking at a business to invest in or to recommend to my readers. But lately I've spent most of my time looking into our national balance sheet, because as the banking system collapsed in 2008... all of the bad debts were absorbed by the world's governments. And it continues to this day.</span><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://webitcoin.blogspot.com/2015/08/bitcoin-guide-step-by-step-for-begginer.html">Read More: Bitcoin Guide Step by Step for Begginer</a></span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <br /> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>"The net public debt has doubled since the year before Obama took office"</b></span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /> </b></span></div> <span style="font-family: "arial" , "helvetica" , sans-serif;">We began the year 2013 with a net public debt that has more than doubled since the year BEFORE Barack Obama took office. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">These overwhelming public financial obligations are completely unprecedented in the history of our country, outside of the two major global wars we fought in the 20th century. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">But even these incredible figures don't tell the real story. Or even half of it. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Various other government agencies and private companies taken over by the government also have obligations of nearly </span><span style="font-family: "arial" , "helvetica" , sans-serif;">another $5 trillion. We've already booked complete losses on $140 billion worth of these obligations. Yet they remain completely off the federal balance sheet. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">When you add these other, genuine, federal obligations that exist right now, today, you come up with a total debt figure that's much more than $20 trillion. Far more than half of these debts were assumed under President Obama.  </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">We don't know what the full burden of these new and existing debts will be in total, over time. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">That's because the Federal Reserves power to manipulate interest rates is unlimited--at least for now that's the case. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">We don't know how much of Fannie's and Freddie's bad debts will eventually be covered by the U.S. Treasury. (We do know they have an unlimited line of credit... so it's a safe bet that we haven't seen the last of these charges.) Finally, we have no idea what the eventual costs of the Federal Reserve's ongoing expansion of the monetary base will be over the long term.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <br /> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>"To repay our debts if interest rates rise to 6% , will take $43 trillion"</b></span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /> </b></span></div> <span style="font-family: "arial" , "helvetica" , sans-serif;">There is one thing that's certain, however: these debts will not be free. They will carry a burden. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Today, we have more government debt than any country in the history of the world. We have more debt than every country in the European Union... combined. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">With each additional commitment we sink further and further into debt... closing in upon the moment that we can simply no longer afford even the interest payments on our obligations.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">And here is the part that really matters... the costs of maintaining our debts are about to skyrocket. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Right now the Federal Reserve is manipulating interest rates down to almost zero. As a result, the interest rate at which our government can borrow money is at a record low level. In fact, the Federal Reserve has lowered its benchmark interest rate ten times since August 2007, from 5.25% to a zone between zero and 0.25%. Obviously, the current rate won't last forever. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">But what will happen if the average real interest rate ends up being just 4% annually, and we pay it off over 30 years like a mortgage? </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Incredibly, we'll spend $34.3 trillion to simply repay what we owe right now. If the rate ends up being 6%, we'll spend $43.1 trillion. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Now, of course, our politicians believe that through policy and currency manipulation, they can simply avoid paying any of these costs. They can order the Federal Reserve to prevent interest rates from ever rising to a level that would cost the American people anything. They believe they can manage</span><br /> <br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <br /> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>"The treasury effectively printed a $1 trillion dollar coin"</b></span></div> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /> </b></span></div> <span style="font-family: "arial" , "helvetica" , sans-serif;">the economy, so the debts of Fannie and Freddie won't go bad. They believe (without any proof whatsoever) that they can stimulate the economy by even more deficit spending, so that it grows faster, allowing tax revenues to produce a surplus. Repaying these debts, they say, will be easy and painless. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">But you know better, my friend. You must know better. The wages of sin must be paid. And they will be paid. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Just consider the plans of those who argue otherwise.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Paul Krugman, one of the most widely read and respected "economists" in the country wrote about this incredibly naïve and ridiculous solution in a January 7th, 2013 New York Times column. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">He said: "<i>There's a legal loophole allowing the Treasury to mint platinum coins in any denomination the secretary chooses. Yes, it was intended to allow commemorative collector's items ­ but that's not what the letter of the law says. And by minting a $1 trillion coin, then depositing it at the Fed, the Treasury could acquire enough cash to sidestep the debt ceiling ­ while doing no economic harm at all.</i>" </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Very few people, even our most influential economists, seem to remember that the utility of money and credit are based upon their soundness. </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">Money allows people to exchange goods and services widely, greatly increasing the specialization of labor and facilitating the economic magic of competitive advantage. Money also plays the critical function of</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <br /> <div style="text-align: center;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>"When money cannot be trusted the whole system breaksdown"</b></span></div> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <span style="font-family: "arial" , "helvetica" , sans-serif;">facilitating communications between and among many disparate actors. Price changes guide producers and consumers. But... when the money can't be trusted... this entire system breaks down. The price signals can't be relied upon. And it becomes harder and harder for people to exchange labor and capital.</span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <br /> <div style="text-align: center;"> <br /></div> </div>

Bitcoin the Future of Currency, Bye Bye Dollar

WARNING : ON JULY 1ST 2014 YOUR FINANCIAL FUTURE WAS CHANGED FOREVER President Barack Obama's new law House of Representatives Bill ...

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Top 3 Way To Earn Bitcoin Complete Guide

<div dir="ltr" style="text-align: left;" trbidi="on"> <h3 style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>1.Mining</b></span></h3> <span style="font-family: Arial, Helvetica, sans-serif;">Mining!!! In the real world we know what that means, for example in the case of the gold industry, but mining bitcoins? Bitcoin (and most other cryptocurrencies) can be mined by using your own hardware to assist the peer-to-peer processing of Bitcoin transactions. Whilst it is technically possible to use a reasonably powered desktop computer to mine for coins, it is not recommended.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div class="separator" style="clear: both; text-align: center;"> <a href="http://2.bp.blogspot.com/-sv9lj-omJRk/VeGIMBkKlyI/AAAAAAAAGao/pr2kdIy-ZrI/s1600/invest2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="223" src="http://2.bp.blogspot.com/-sv9lj-omJRk/VeGIMBkKlyI/AAAAAAAAGao/pr2kdIy-ZrI/s320/invest2.jpg" width="320" /></a></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">Mining involves running through extremely complex operations, the nature of which require graphical processors in order to complete them in anything approaching a reasonable timeframe. Even with a decent gaming PC with above average specifications, your rate of mining (i.e. the number of coins you can expect to earn in a given time) will be far outweighed by the cost of you doing so (primarily in electricity costs, and secondarily by depreciation in your hardware). </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Even if the value of the coins has recently jumped up to a new high ­ this won't improve matters, because the complexity of the operations tends to increase in-line with the value of the currency. The only way you can earn big from home mining, is to be out of pocket for the electricity costs now, in the hope that the few bitcoins you earn are worth significantly more in the future.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Bitcoin debit cards are widely available and accepted"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">So, lets just put that into plain words yes you can use your computer to "MINE" Isn't that amazing? You fire up your computer start the program and it spits Bitcoin back at you. And yes, this computer or laptop is known as a `mining rig'. There are special pieces of hardware you can buy that are dedicated to this mining function , one idea being what's called an ASIC miner on a USB. These can achieving mining rates of over 300m hashs/ sec. Don't know what that means? Never mind buy one fire it up and start mining. If Bitcoin prices rice to the eventual $10,000 </span><span style="font-family: Arial, Helvetica, sans-serif;">that pundits predict you will cash in. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">There are many types of mining rigs and comprehensive guides to build one can be easily found online. Always remember to calculate the cost of mining and it's profits first before deciding on mining for Bitcoins/crypto coins or if you should be trading instead. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;"><b>Here's a note to remember</b>: Mining = Get coins by paying for electricity and mining rig. So be sure that you calculate how long it is before you actually profit. For example, at the time of writing an estimated cost in my country, the Cost of a mining rig (with 2 GPU cards ­ R9 280x) is around $900 (give or take). So if the electricity bill is $40 per month... and getting about</span><br /> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Bitcoin debit cards are widely available and accepted"</b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">0.015 Bitcoins a day from (middlecoin.com), one would be getting around 0.45 BTC per month. So if price of BTC is $650, 0.45BTC = $292.5 per month. Minus the electricity bill, you get $252.5 per month. At a cost of $900, it will take you roughly 3 and a half month to break even with your cost, and then after that, it'll be estimated $252 profits per month. Note that the calculation above may vary in different country and different mining rig build and the cost of hardware available in your country.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Of course if you want to earn more, the general way to do this is to Build MORE rigs with more Mining power (more mega hashes). The above examples are based on a GPU mining rig. For ASIC miners, you may pay more for the ASIC hardware but the good thing is, it produces less heat and noise and possibly consumes much lesser power as well. Again do your calculations before you choose the right mining rig that you want to invest in. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">WARNING: As time goes by and more and more bitcoins are mined it will become harder and harder to mine successfully for profit .Which is why you should get started asap. Connect your Mining Rig to a client such as CGMiner.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"The real fun part come starts here calculating your profit."</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">Configure your mining rig. Note: you can choose to mine Bitcoins or Cryptocurrencies. For Bitcoin mining, it is recommended to join Bitcoin mining pools to maximize your mining efforts. For cryptocurrencies, you can connect your miner to services such as http://www.middlecoin.com/ for automated mining and payments in Bitcoin. Start mining! Calculation of Profit: The real fun part comes here.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Do your home work and workout the costs involved in setting up your new hardware mining rig. Then use a Mining calculator like this one at http://btcinvest.net/en/bitcoin-mining-profitcalculator.php The profit and respective time is dependent on various parameters like power consumption, hash rate, cost of your mining rig or equipment used and the actual Bitcoin price. This largely depends on accessibility of network. The difficulty level of the network is established by the unit metric which decides solutions Note: The general rule is to mine if the prices of the coins that you mine are more than your costs which are your electricity cost and the cost of your mining rig. Also go to btc-e.com (or any other Bitcoin sites with the price) to take a look at the current Bitcoin price.</span><br /> <h3 style="text-align: center;"> <br /><span style="font-family: Arial, Helvetica, sans-serif;"><b>2.Investment</b></span></h3> <span style="font-family: Arial, Helvetica, sans-serif;">If you had bought Bitcoins at $5 dollars just a couple of years ago with prices today above $600 you would have made a staggering 6000% percent increase.Thats pretty impressive. So there is much to be said about the buy and hold system here. The question is with bitcoins at over $600 whats the chances of another increase like that have we missed the Gold rush? </span><br /> <div class="separator" style="clear: both; text-align: center;"> <a href="http://3.bp.blogspot.com/-smdn1xMPFsU/VeGIMLncOYI/AAAAAAAAGas/XB8CXOZAd58/s1600/invest.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="231" src="http://3.bp.blogspot.com/-smdn1xMPFsU/VeGIMLncOYI/AAAAAAAAGas/XB8CXOZAd58/s320/invest.jpg" width="320" /></a></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">Well that all depends on your point of view. Remember the winklevoss brothers we talked about in the new rich list? They bought in 2012 and there holding about 1% of all bitcoins in existence. Question si why are they not selling? One could speculate that they believe bitcoin price has a way to go yet. Other pundits and financial gurus agree with a few predicting Bitcoins to reach $10,000. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">A recent Bitcoin conference confidently predicts bitcoin being $2000 at years end. So simply taking a punt and buying now to hold on for a while, could be a very profitable adventure. However if that is not exciting enough for you...</span><br /> <br /> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"With normal currency this method would not be considered."</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">Another tactic that has been recently mentioned, is what we've called playing the exchanges. Here you are simply buying and selling a single currency, but you are doing so very quickly and you are selling on one exchange and buying on another. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">The idea here is that different exchanges, at any given moment, provide different buy/sell prices for a currency. This is because some exchanges set their own prices, and some take their prices from another authoratitive source. Also, different exchanges might update their prices at different </span><span style="font-family: Arial, Helvetica, sans-serif;">intervals, so one might lag behind another. Let's say you hold Bitcoins on one exchange whose values tend to be higher, and whose prices react very fast. You've also singled out another exchange that is more conservative in their valuations, and are slower to react to big changes in price. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">For our example, let's say the price has been hovering around $490 per Bitcoin for a while on the first exchange. And the more conservative exchange has them at $480.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">You wait until you see the price rising ­ and you sell your Bitcoins on the first exchange. Let's say they've jumped up to be $495 each. You then move over to the second exchange, and buy the same amount of Bitcoins back ­ before their price has had a chance to start moving with the trend. Their price may still be at $480, which means you've gained $15 per Bitcoin, but still own the same number of Bitcoins. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">With a normal currency, this method would rarely be considered, because there is always a gap between what an exchange will buy for, and what they will sell for. This is simply how</span><br /> <br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Cryptocurrencies tend to behave more like stock"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">At the end of it all, you are still only left holding virtual currency, and hence any profit remains virtual too. If the price drops shortly after the buy/sell operation, so will any profit margin you had. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><b>Playing the Currencies </b></span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">As we've mentioned before, there are dozens of cryptocurrencies in existence besides Bitcoin. Many experts will hold portfolios of several different currencies at any given time. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">By keeping a close eye on each one, they learn to know when a given currency is peaking (has risen, and is likely to fall soon)</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">And when one is in a trough (has fallen, and is likely to rise soon). </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Cryptocurrencies (at the present time) tend to behave more like stocks than traditional currencies. Therefore, they are subject to the peaks and trough patterns that stocks often follow. When the price of a stock rises, people are tempted to sell in order to cash in and profit from their holding. When enough people sell, the price turns and falls. Likewise, when it falls, people see an opportunity to buy at a cheap price. When enough people do this ­ the price rises. This pattern tends to continue until something major causes a significant leap or drop in the price.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Unlike stocks however, cryptocurrencies are not companies, and don't have products or customers. This removes some of the less predictable elements, and makes it somewhat easier to predict their rise and fall. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">By swapping their holdings between currencies (buying when low, and selling when high) it is possible to quickly increase the overall value of your portfolio. However, it does require a lot of upfront research, and then constant surveillance of the prices. Plus, of course no single individual can ever.</span><br /> <br /> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Binary options can work trading bitcoins"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">predict the future with certainty, and there are still significant risks involved. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><b>Dividends </b></span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Some currencies you may come across, are in fact more stock than actual currency. Some exchanges or forums related to cryptocurrency might launch their own currency, and with it offer dividend payments. The cash raised by this inital sale is treated like an investment in the company and helps to keep them running. The dividends are a way of tempting new buyers. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Similar to stock dividends, these are payouts to all current holders of the currency. For example, one particular entity might set </span><span style="font-family: Arial, Helvetica, sans-serif;">aside 30% of all profit to be assigned to dividends and returned to currency holders. This is done in proporiton to the value you own. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">These dividends are payable to you as long as you hold the currency. But you are not obliged to retain it, and can sell at any time. As with stocks, the price can also rise and fall over time. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Unless you are investing significant amounts, it's unlikely that dividends alone will provide much of an income boost. However, they are a nice addition to any investment currency that offers them. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;"><b>Binary Options </b></span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">With binary options, you never actually buy or sell the currency itself. What you are doing essentially is placing a bet on how that currency is going to perform. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Binary options have been around for some time, being executed on stocks, commodities and regular currencies. With the rise of Bitcoin, some of the more tech-savvy binary options brokers are adding Bitcoin to their offerings. A typical example of a binary option trade might be as follows:</span><br /> <br /> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Bitcoin prices rise and fall but overall rise."</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">You invest $100 on your trade. You choose to trade on the value of Bitcoin </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">You choose an expiry time of 5 minutes The broker offers a 90% return. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">You then decide whether the value of Bitcoin is going to be higher or lower by the end of those 5 minutes. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">For our example, lets say we think it will be higher. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">The moment you hit go, the value of Bitcoin is recorded, and five minutes later, your trade closes and the new </span><span style="font-family: Arial, Helvetica, sans-serif;">value is checked. </span><span style="font-family: Arial, Helvetica, sans-serif;">If the value of Bitcoin is higher, like you predicted, then you get a payout of $190 (your original $100, plus the 90% return promised by the broker). </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">If the value had actually gone down, your trade would have failed, and your $100 would be lost. This might seem like a very tempting opportunity, given the high rate of return possible, and odds that appear to be around 1 in 2 of winning. However, if you dig deep into the graph of something like Bitcoin to see historically what it has done within any given 5 minute window, you might be surprised. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">When you stand back, the Bitcoin charts seem to be mostly rises, with a few major drops dotted in. But in reality it is constantly rising and falling ­ it's just that the rises are ultimately bigger than the falls. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Some brokers offer practice accounts, where you can make dummy trades to see how you would have performed. These are invaluable go give you a sense of how things might go. Experts say that Binary Options trading without.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Would you gamble Bitcoin prices are higher in the next 10 mins?"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">informed advice is just like playing heads or tails. And that you should only make trades based on real signals. (For example, if you see a news article appear online mentioning another Bitcoin hacking disaster ­ you might want to hop on and place a trade on the price going down.) </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Other trades might be available, some of which might be more long-term. Example: In one month's time the value of Bitcoin will be above $600. Yes or No? (At the time of writing, Bitcoin is trading at $492.) </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Different brokers have different criteria in terms of minimum account balances </span><span style="font-family: Arial, Helvetica, sans-serif;">and minimum trade values. All brokers tend to offer some kind of incentive or exclusive options in order to encourage you to sign up with them. Some might offer insurance on your first trade (i.e. you get your money back even if you lose) or they might offer bonus credit for your balance, etc.</span><span style="font-family: Arial, Helvetica, sans-serif;"> </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">So it is important to shop around for ones that might suit you. Take a look at the Resources section at the end of this report for some useful links to brokers.</span><br /> <br /> <h3 style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;">3. Earn </span><span style="font-family: Arial, Helvetica, sans-serif;">bitcoins</span></h3> <span style="font-family: Arial, Helvetica, sans-serif;">Accept Bitcoins as a mode of payment This is perhaps the most convenient means to earn Bitcoins. If you are the owner of a small business, you can very quickly and easily start taking payment for your good and services, the integration occurs seamlessly and quickly, irrespective of whether you own an online business or a brick and mortar shop. Completion of the following steps will get you started:</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div class="separator" style="clear: both; text-align: center;"> <a href="http://2.bp.blogspot.com/-fV2b6-7KRR0/VeGINv3BYCI/AAAAAAAAGa0/CTvW06Pg47k/s1600/invest3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="224" src="http://2.bp.blogspot.com/-fV2b6-7KRR0/VeGINv3BYCI/AAAAAAAAGa0/CTvW06Pg47k/s320/invest3.jpg" width="320" /></a></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">Following the creation of the wallet, you are required to display a QR-code along with the Bitcoin address just by your cash register. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Any of these two methods can be adopted in this case. Once the Blockchain.info (as mentioned earlier, you can go for other sites as well) account is setup , go for `Receive Money'. From the drop-down menu `Actions', choose `QR-code'. Herein the image needs to be printed</span><br /> <br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Out together with the QR-code and placed by the cash register. Your clients would most probably possess a smartphone in which the Bitcoin app is installed, so that they are capable of entering the purchase value in EUR or USD. Automatic calculation of the equivalent </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Bitcoin value will be done by the app, wherein the existing exchange rate is taken into consideration. Once this is done, the confirmation of the incoming payment will be</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Earn Bitcoin by surfing the web, yes it can be that easy"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <div style="text-align: left;"> <span style="font-family: Arial, Helvetica, sans-serif;">confirmed in the account. For using the other option too, you need to start off with `Receive Money' and then click on `Create Payment Request' from the `Actions' drop-down. </span></div> <div style="text-align: left;"> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div> <div style="text-align: left;"> <span style="font-family: Arial, Helvetica, sans-serif;">Now, the Bitcoin amount that should be paid by the client has to be entered and once this is done, the QR-code corresponding to it would be displayed. This becomes easy for the customer, because he is not required to enter any amount. To follow this methodology, compute the Bitcoin amount against the corresponding USD or EUR price prior to entering it for generation of the QR-code. Imagine the PR value of being able to say</span></div> <div style="text-align: left;"> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div> <div style="text-align: left;"> <span style="font-family: Arial, Helvetica, sans-serif;">You accept bitcoins for payment! There are of course several other advantages too, like no transaction costs or currencies losses.. At the entrance, stick a prominent `Bitcoin accepted here' icon to catch the attention of your customers. The logo's printable version is easily available across the internet. Now that you are completely prepared, start earning those exclusive digital currencies by simply selling your services and goods.</span></div> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Complete tasks on websites and add free Bitcoins to your wallet </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">There are a number of websites which come with the idea for earning free Bitcoins in exchange for some task.. Many of these sites work on the principle that helps you to earn a little amount of Bitcoins just by going through the site. It is something like watching a number</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Bitcoinplus alows you to rent your computing power for bitcoins"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">of ads one after the other and getting what you want (may be music clips or a film), somewhere in between. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">While opting for such sites, remember that the return on investment that you are getting might be very little. Here, you are investing your precious time to go through these advertising sites. Here are some interesting portals which are worth trying: </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">BitVisitor: Here you get to earn coins simply by watching videos or websites. Every page appears for a period of five minutes, following which you can click on the `Next' button and move over to the subsequent page.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">The payouts will take about an hour to come to </span><span style="font-family: Arial, Helvetica, sans-serif;">you, which is a major competitive edge of this site in comparison to others. All you need to do is enter the Bitcoin address, a user account is also not required. For every five minutes of your online stay here, </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">you are paid around µBTC 100 (which is roughly equivalent to BTC 0.00001 or 100 microcoins). Going by this calculation, the hourly payment amounts to the amount of BTC 0.00012. However, there may be variations in payments of this per five minute basis. (http://www.bitvisitor.com/)</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;"><b>Freedigitalmoney.com</b>: This site enables you to obtain rewards in the form of Bitcoins for making purchases with these digital currencies. Here also, a user account is not required, but you are simply required to enter the Bitcoin address for getting started. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">(http://www.freedigitalmoney.com/en/ Home) <b>Coin Worker</b>: This site offers Bitcoins in exchange for completion of analytical tasks. Here you need to possess a user account and the good news is that the payouts are a bit higher. (https://coinworker. com/) </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;"><b>BitcoinPlus</b>: In order to earn Bitcoins, all you need to do is provide computing potential to a mining pool. One very nice thing about being on this site is that you are not required to invest your precious time in this activity.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Beware of bitcoin faucets if nothing else they are boring places to be"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">You can engage yourself in other stuff and simultaneously, your computer operates in the background. The consumption of electricity may be on the higher side due to the CPU usage. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Hence, while you are operating on this site, ensure to reach an equilibrium taking into consideration the parameters of electricity cost, hardware consumption and the existing Bitcoin value with respect to your account. If you can turn it into a profitable activity, the rewards are indeed great! (http://www.bitcoinplus.com/) </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Rugatu: You can earn Bitcoins here through delivering answers to forum questions. This is great for community and network </span><span style="font-family: Arial, Helvetica, sans-serif;">building as it builds people with similar interests (that is, interest in Bitcoins and other cryptocurrencies) close together and offers rewards for answering the questions. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Indeed, this would never have been a possibility without a digital currency such as Bitcoin, which makes room for instant real time transfers at low transaction fees. (http://www. rugatu.com/) </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;"><b>FaucetBTC:</b> A simple visit to the site and a look at the ads will allow you to earn Bitcoins. Many sites are available such as this. To get started, follow the step by step procedures of entry of the Bitcoin address followed by filling out of the CAPTCHA. This process can be repeated once in every half an hour. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">The pay per visit amounts to around BTC 0.0000025 and is subject to change with the rise in Bitcoin exchange rate. Once the visit is over, the reward gets delivered to CoinBox.me. This tends to accumulate small bits of payments, and then combine them to offer a bigger lump sum. You may opt for simultaneous visits of many sites like this, which will offer you the opportunity to earn</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Use a mining calculator to see if its worth your time and money"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">as well as keep yourself engaged for a considerable period of time. (http:// faucetbtc.com/) </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Although the income is not huge, completing website tasks can be a great and enjoyable option, and it will help you generate some amount of Bitcoins. You will also learn by hands on experience, the transferring around of Bitcoin and that is a great insight too.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">We have already discussed the process of mining, but lets have a quick recap here. As you know, through the process of mining, new Bitcoins are born. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">As you indulge in the mining activity, the computer being used accumulates new transactions for building up the block chain (this is in fact the public ledger which stores every Bitcoin transaction) along with finding out new blocks. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">The block is the file where you can locate the most recent transactions. As your computer comes across a new block, you get a certain amount of Bitcoins. As per the existing norms, presently one block has BTC 25. The number varies with time and can get reduced by a factor of 0.5. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">As we said before use a mining calculator to see how profitable its likely to be, bearing in mind any hard ware purchase and the ongoing costs of electricity. The way I look at it though is I have my computer on anyway might as well mine in the background whilst I am doing other stuff.</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Accumulate Bitcoin through interest payments..."</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">Accumulate Bitcoins through interest payments This is a process whereby you earn by using the Bitcoins that you already possess. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">You simply lend the currencies and earn through interest payments. Various options are involved in this. Direct lending to someone you are acquainted with: So I just mention this as a possibility ale bight unlikely. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">There is no reason why you shouldn't consider Bitcoin as a money advance and lend to your acquaintances and coworkers on an interest bearing level. Both of you need to reach an agreement with respect to certain terms such as interest rate, duration and such other things. Chances are high that there won't </span><span style="font-family: Arial, Helvetica, sans-serif;">be many acquaintances matching your interest rate, duration or amount, but even if you get a couple of them, it is an option. Websites promoting peer to peer lending: </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">These websites, having listings from a number of borrowers, are a good option, a great example being Bitbond.net. In these cases, publication of funding requests is done by borrowers and you can make your contribution to their loan. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;"><b>Thinking about the risk?</b> Well, in order to diversify the default risk, the wisest option is to fund little portions of a number of loans. The operating principle is somewhat similar to fiat currency loans. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">As the loan is funded, the borrower receives a certain amount, which he has to repay over a stipulated time period, along with the interest accrued. Remember, that for peer to peer lending both the borrower and the dealing website need to be trustworthy. When the assessment as to the creditworthiness of the applicants is done by the site, the information that you obtain regarding the borrowers can be more credible. (http://bitbond. net/) </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;"><b>Bitcoin banking: </b>This is an earning model wherein the Bitcoins are deposited with the concerned bank</span><br /> <br /> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Accept tips and earn bitcoins in return"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">which then pays a fixed interest rate to the depositor. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Here the advantage is that diversification across many borrowers is not done, but you place your deposit in the Bitcoin bank and earn these currencies steadily as a source of income from interest. Since you are relying on a single borrower, that is the bank, just make sure that the bank is trustworthy enough to keep your funds safe. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">After obtaining deposits from your end, the bank invests them in assets, generally in the form of loans. So if the bank is doing a good job, your interest payment will flow in smoothly. Remember, there is no deposit insurance, so far as the world of Bitcoins is  </span><span style="font-family: Arial, Helvetica, sans-serif;">concerned. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">On the whole, Bitcoin lending is a great option to earn some extra bucks in the form of these digital currencies. The only thing that you need to be cautious about is the trustworthiness of the source or site in question. These sites will have their own terms and conditions along with contact details and incorporation status. Go through them carefully and do additional research if it is so required. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span> <span style="font-family: Arial, Helvetica, sans-serif;"><b>Accept tips and earn Bitcoins</b> </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">This procedure of earning Bitcoins through getting tipped is very much similar to obtaining Bitcoins as a payment mode. Here also, you require a wallet along with a QR-code having the Bitcoin address. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Again the people from whom there is the possibility of getting a tip need to be aware of the fact that they can do this with bitcoin.The novelty factor alone could be enough to inspire donations! If you own a shop, that is the first place to</span><br /> <div style="text-align: center;"> <b><br /></b></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Why not ask your employer to pay you in Bitcoins , common in France"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">initiate the process. Setup as described earlier on. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">There is also this possibility of getting tipsthrough any website or blog. Simply display the QR-code or the Bitcoin address at any position within the page and leave it to people as to how much tip they would like to give you. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Here is another innovative way. Suppose you are running a bar or a restaurant and would like your customers to tip you. In this case there are websites like `bctip' which offers the opportunity to take print outs of tiny paper vouchers, each of which exhibit a particular Bitcoin balance. Once your customer is in possession of any one of </span><span style="font-family: Arial, Helvetica, sans-serif;">these vouchers, they may simply hand it over to you or your staff, which can then be redeemed just like a coupon. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Get a regular income from Bitcoins Have you ever considered receiving your monthly paycheck in the form of Bitcoins? </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">Sounds a bit weird and funny, right? Well, this is one of the steadiest ways you can adopt to earn Bitcoins. Although most organizations would not opt for paying through Bitcoins, there are few who would prefer to. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;">In the near future, it is hoped that with the increase in the popularity of Bitcoins and other cryptocurrencies, the number of such organizations would definitely increase. You might like to know that Gavin Andresen, the prime Bitcoin developer associated with the Bitcoin Foundation, gets paid himself in the form of these cryptocurrencies. Just check out whether your employer accepts Bitcoins; in that case they might be eager to pay you through the same means.</span><br /> <br /> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b>"Jobs for Bitcoin check out reddit and earn bitcoins for a variet of tasks"</b></span></div> <div style="text-align: center;"> <span style="font-family: Arial, Helvetica, sans-serif;"><b><br /></b></span></div> <span style="font-family: Arial, Helvetica, sans-serif;">On a different note, self-employed people can also get paid in Bitcoins. Here is a look at some of the sites which pay in Bitcoins and where you can look for job offers and also post jobs, if you like. The mode is a seamless one, because many jobs here involve completion of the work from home. `WorkForBitcoin' offer you the opportunity to search job listings as well as post them. Programming related jobs constitute a majority. </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Work in other fields is also available, so you can always find something that you are good at and that interests you. (http://bittask.com/) </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;"><b>Bitcointalk </b>Forum Services Section is another viable place to search for jobs that </span><span style="font-family: Arial, Helvetica, sans-serif;">help you earn Bitcoins. Many of the jobs here can be done within a short span of time and hence you can earn your digital currencies swiftly. (https://bitcointalk.org/) `</span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;"><b>Jobs 4 Bitcoins on reddit</b> concentrates on dishing out job listings mainly for programmers. But here also, you can search jobs in other fields as well. (http://www.reddit. com/r/Jobs4bitcoins) </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">Another online job board which comes with a range of job offers is `BitGigs'. Check out the variety of jobs available- (http://bitgigs.com/) `Coinality' is another job site that deals in cryptocurrencies. However, unlike other such portals, it follows the innovative approach of listing the jobs as well as displaying them over a map.. (https://coinality.com/) </span><br /> <span style="font-family: Arial, Helvetica, sans-serif;"><br /></span> <span style="font-family: Arial, Helvetica, sans-serif;">If you are not game for these methods, how about starting your very own Bitcoin based business? In order to earn these cryptocurrencies, you can either go for a fullfledged business dealing in services or goods, or you may simply operate a website and incorporate ads. There are many resources online on integration of Bitcoin payments with your business.</span></div>

Top 3 Way To Earn Bitcoin Complete Guide

1.Mining Mining!!! In the real world we know what that means, for example in the case of the gold industry, but mining bitcoins? Bitcoin ...

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