Hello 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 those 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 government, it is basically a virtual currency and could be bought online using real money.So then apart from being a decentralized currency what are its advantages, well you can transfer bitcoin anyplace in this world without much charges, you will be a hundred% anonymous while doing transactions thanks to a technology called blockchain.So then what’s the big thing about this chances are you’ll ask, well let me inform you when it first launched it has absolutely no worth however now 1 bitcoin = 6,689.35 $ that is some fairly impressive development isn’t it?.

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

To resolve the hashing function typically people used graphics cards however as time passed by bitcoin obtained more tough to mine and dedicated hardware called ASIC miners had been introduced.

So individuals who spend their money and time to mine bitcoin will be rewarded in bitcoins and as more and more individuals turn out to be part of this blockchain its value 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, sure there are literally thousands of them)

2.you may mine them on your own

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

Otherwise you might choose to mine bitcoins, however here is what you need to consider, mining hardware is super costly and mining requires a number of electricity,also mining issue 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 good ways to make money in case you know what you might be doing.

If you want to learn more info on read more check out the web-page.