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What is bitcoin?
Bitcoin is a cryptocurrency where the creation and transfer of bitcoins is based on an open-source cryptographic protocol that is independent of any central authority.[9] Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution.[10] The concept was introduced in a 2008 paper by a pseudonymous developer known only as "Satoshi Nakamoto", who called it a peer-to-peer, electronic cash system.
What is the advantage of bitcoin?
Mobile payments made easy
Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to swipe your card, type a PIN, or sign anything. And all you need to do to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together (using NFC radio technology).
Security and control over your money
Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.
Works everywhere, anytime
Just like with email, you don't need to force your family to use the same software or the same service providers. Just let them stick to their own favorites. No problem there; they are all compatible as they use the same open technology. The Bitcoin network never sleeps, even on holidays!
Fast international payments
Bitcoins can be transferred from Africa to Canada in 10 minutes. There is no bank to slow down the process, level outrageous fees, or freeze the transfer. You can pay your neighbors the same way as you can pay a member of your family in another country.
Almost free to use
Bitcoin allows you to send and receive payments at very low cost. Except for special cases like micro-payments, there is no enforced fee. It is however recommended to pay a higher voluntary fee for faster confirmation of your transaction and to remunerate the people who operate the Bitcoin network.
Protect your identity
With Bitcoin, there is no credit card number that some malicious actor can collect in order to impersonate you. In fact, it is even possible to send a payment without revealing your identity, just like with real money. You should however take note that some effort can be required to protect your privacy.
Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to swipe your card, type a PIN, or sign anything. And all you need to do to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app and let your friend scan your mobile, or touch the two phones together (using NFC radio technology).
Security and control over your money
Bitcoin transactions are secured by military grade cryptography. Nobody can charge you money or make a payment on your behalf. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.
Works everywhere, anytime
Just like with email, you don't need to force your family to use the same software or the same service providers. Just let them stick to their own favorites. No problem there; they are all compatible as they use the same open technology. The Bitcoin network never sleeps, even on holidays!
Fast international payments
Bitcoins can be transferred from Africa to Canada in 10 minutes. There is no bank to slow down the process, level outrageous fees, or freeze the transfer. You can pay your neighbors the same way as you can pay a member of your family in another country.
Almost free to use
Bitcoin allows you to send and receive payments at very low cost. Except for special cases like micro-payments, there is no enforced fee. It is however recommended to pay a higher voluntary fee for faster confirmation of your transaction and to remunerate the people who operate the Bitcoin network.
Protect your identity
With Bitcoin, there is no credit card number that some malicious actor can collect in order to impersonate you. In fact, it is even possible to send a payment without revealing your identity, just like with real money. You should however take note that some effort can be required to protect your privacy.
What is mining?
Bitcoin mining is the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security. As a reward for their services, Bitcoin miners can collect transaction fees for the transactions they confirm, along with newly created bitcoins. Mining is a specialized and competitive market where the rewards are divided up according to how much calculation is done. Not all Bitcoin users do Bitcoin mining, and it is not an easy way to make money.
What is bitcoin mining pools?
Mining pools are a way for miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block. A "share" is awarded to members of the mining pool who present a valid proof of work that their miner solved. Mining in pools began when the difficulty for mining increased to the point where it could take years for slower miners to generate a block and by pooling their resources together, miners were able to generate blocks quicker and receive a portion of the block reward on a regular basis, rather than once every few years.
Where should I start?
How to buy a bitcoin miner?
How to use bitcoin miner?
What is the return on of investment of bitcoin miner?
Due to the increasing difficulty of mining, the computing power growing, and the fluctuating prices of bitcoin,the revenue of mining cannot be estimated. Although we can guarantee the stability of computing power, we can't promise anything of revenue.
How to obtain the bitcoin wallet?
You can download bitcoin wallet through the official website: http://bitcoin.org/en/choose-your-wallet
How to get bitcoin?
You can accept bitcoin as a payment of goods or services,or buy some bitcoin from friends and people around you.You can also buy bitcoins from the transaction platform using a bank account directly.Also you can take involved in mining.
How to deal with the bitcoin?
Bitcoin to cash
Bitcoin can be converted into another currency in exchange.The world's largest currency exchange currently is the Mt.Gox.Through the exchange, you can change bitcoin into dollar and you can also buy bitcoin through using other money.
Bitcoin can be converted into another currency in exchange.The world's largest currency exchange currently is the Mt.Gox.Through the exchange, you can change bitcoin into dollar and you can also buy bitcoin through using other money.
Yes.In some large online mall,besides lots of selling of bitcoin,there exists lots of shops using bitcoin as currency.In these shops,products vary of energy-saving lamps, mobile phones,phone fee charge, cross-stitch, antique, stamps and coins and paintings and so on.
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