Hey there,

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

For those of you who don't 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 can be bought online utilizing real money.So then apart from being a decentralized currency what are its advantages, well you may switch bitcoin wherever in this world without a lot charges, you will be 100% nameless 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 tell you when it first launched it has completely no value however now 1 bitcoin = 6,689.35 $ that's some fairly spectacular development isn't it?.

So how does this thing develop you may ask, well let me let you know methods to maintain a blockchain there must be something called a ledger where all of the transaction needs to be noted and to change into a block in a blockchain a hashing operate has to be solved and producing bitcoin by fixing hashes are called Mining Bitcoin.

To resolve the hashing perform typically individuals used graphics cards but as time passed by bitcoin received more tough to mine and dedicated hardware called ASIC miners have been introduced.

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

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

1.you'll be able to trade bitcoin/altcoin(any cryptocurrency apart from bitcoin is called altcoin, sure there are thousands of them)

2.you can mine them on your own

Each of those methods have their own advantages and disadvantages, because bitcoin is managed by nobody it is extraordinarily unreliable sooner or later it might be worth 10,000$ and the following day it may drop to 100$. Trading essentially means buying bitcoin for real cash and praying that its price will go up and selling it when it has gone up.This approach may be very risky and you could end up dropping money reasonably than making any profit.

Or you might select to mine bitcoins, however here's what you need to consider, mining hardware is super costly and mining requires numerous electricity,also mining problem is getting higher on daily basis 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 in case you know what you might be doing.

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