Hiya there,

This is my very first article right here so hopefully this gets approved, I'm going to share some points about bitcoin and blockchain.

For these of you who don't know what Bitcoin is let me put it this way, Bitcoin is a currency which cannot be controlled by any bank or any authorities, it is basically a virtual currency and might be bought on-line using real money.So then apart from being a decentralized currency what are its advantages, well you may switch bitcoin wherever in this world without much fees, you will be one hundred% anonymous while doing transactions thanks to a technology called blockchain.So then what's the big thing about this it's possible you'll ask, well let me inform you when it first launched it has completely no value but now 1 bitcoin = 6,689.35 $ that is some fairly impressive development isn't it?.

So how does this thing develop it's possible you'll ask, well let me tell you the way to maintain a blockchain there have to be something called a ledger the place all the transaction has to be noted and to grow to be a block in a blockchain a hashing perform must be solved and producing bitcoin by solving hashes are called Mining Bitcoin.

To unravel the hashing operate typically individuals used graphics cards however as time passed by bitcoin got more tough to mine and dedicated hardware called ASIC miners have been introduced.

So people who spend their money and time to mine bitcoin will be rewarded in bitcoins and as more and more people develop into part of this blockchain its worth will increase.

so how can I make cash with bitcoin, there are ways

1.you'll be able to trade bitcoin/altcoin(any cryptocurrency other than bitcoin is called altcoin, yes there are literally thousands of them)

2.you can mine them on your own

Each of these strategies have their own advantages and disadvantages, because bitcoin is controlled by nobody it is extremely unreliable one day it can be value 10,000$ and the next day it could drop to a hundred$. Trading essentially means shopping for bitcoin for real cash and praying that its value will go up and selling it when it has gone up.This approach may be very risky and you may end up shedding money slightly than making any profit.

Otherwise you might select to mine bitcoins, but here is what it's best to consider, mining hardware is super expensive and mining requires a number of electricity,also mining difficulty is getting higher day-after-day so that you won't be able to get some profits without high initial investment.

That being said bitcoin trading and mining are two good ways to make cash for those who know what you might be doing.

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