Hey there,

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

For these of you who do not know what Bitcoin is let me put it this way, Bitcoin is a currency which can't be controlled by any bank or any government, it is basically a virtual currency and may be bought on-line utilizing real money.So then apart from being a decentralized currency what are its advantages, well you may transfer bitcoin wherever in this world without much fees, you can be a hundred% anonymous while doing transactions thanks to a technology called blockchain.So then what's the big thing about this you could ask, well let me inform you when it first launched it has absolutely no worth however now 1 bitcoin = 6,689.35 $ that's some pretty spectacular development is not it?.

So how does this thing develop you could ask, well let me inform you learn how to sustain a blockchain there must be something called a ledger where all the transaction needs to be noted and to become a block in a blockchain a hashing perform has to be solved and producing bitcoin by fixing hashes are called Mining Bitcoin.

To solve the hashing function typically people used graphics cards however as time passed by bitcoin bought more troublesome to mine and dedicated hardware called ASIC miners have been introduced.

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

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

1.you possibly can trade bitcoin/altcoin(any cryptocurrency aside from bitcoin is called altcoin, yes there are thousands of them)

2.you can mine them in your own

Both of these methods have their own advantages and disadvantages, because bitcoin is managed by nobody it is extremely unreliable one day it might be worth 10,000$ and the following day it may drop to one 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 chances are you'll find yourself losing cash relatively than making any profit.

Or you might select to mine bitcoins, but here is what it's best to consider, mining hardware is super costly and mining requires numerous electricity,also mining problem is getting higher daily so 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 money should you know what you're doing.

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