Earn with Bitcoins

joyjeet By joyjeet, 13th Nov 2014 | Follow this author | RSS Feed | Short URL http://nut.bz/41ik8yi-/
Posted in Wikinut>Money>Making Money

Know everything about bitcoin - the crypto currency and the currency of the future.

Earning with bitcoins

Reading the title of my article, I know most of you would be thinking what in the world would this guy talk about, just about bitcoin, well most of you have not even heard of bitcoin, or even if some of you have heard, then you have in mind those negatives only, or just think that this is not the coin for you.

So here today I write, giving out more information about what is bitcoin and why is this currency for everyone. To be frank, even I was new to bitcoin until this year summer when while searching some methods to earn online I came across this coin, my first impression was "Ah!!! nonsense, what will this fetch me". But then I gave it a try, and believe me guys today am earning my living out of it.

Though there is much written over the internet about this crypto currency and even we have an article in wiki which states almost everything we want to know about it, but what I am writing today is not only to know about this coin, but also to know ways to earn it for free, mine it and trade it.

Basically I learned a lot from this site fr33bitcoin. Ok, let me be brief, since I would come back with more topics to read about bitcoin, so here in this one I will just let you know few simple things you want to know about bitcoin.

Bitcoin is a peer to peer currency, developed by Satoshi Nakamato, this currency has no control of any government of the world and is generated by mining. We have block chains and each block chain needs to be discovered by finding blocks, fifty blocks makes a block chain and the blocks are found by solving algorithms using the SHA 256 method.

The reward for finding each block was first set to 50 BTC (the short form or trading name of bitcoin is BTC) then it gradually decreased to 25 BTC and will gradually decrease to 12.5 BTC and so on, as more and more bitcoins will be discovered. It is such believed that there would be a total of 21 million bitcoin in circulation by the end of the year 2017 and that mining would come to an end.

The value of 1 BTC reached a peak high of $1200 in summer 2012-2013 and as of date has touched its lowest ever. Thou the trading of bitcoin is not speculative but we have many taders whoa re very bullish on the fact that the price of bitcoin will touch another height soon.

This is all for now folks, I do not want to make things boring, so keep reading the other publishes I make from time and often.

Tags

Earn Bitcoin, Earn Money Online, Free Bitcoins

Meet the author

author avatar joyjeet
Am a content writer mostly I write on earn money online, bitcoin and magic

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author avatar Sivaramakrishnan A
16th Nov 2014 (#)

Lot of gray areas to sink hard earned money. Thanks for the share - siva

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