How can you make bitcoins? Blocking of funds by the bank. Is bitcoin mining profitable at home?
We have stepped far forward, now there is no need to use entire chains of intermediaries to carry out simple transactions, losing interest at each stage. This article is aimed more at beginners who have difficulty getting started with the system.
So, let's begin. Before you start receive treasured BTC, we need to prepare storage for them. There are two ways - use third-party online services for storage such as online wallets, or a Bitcoin wallet on your computer. We strongly recommend keeping your funds only with yourself; as practice shows, third-party services can be hacked, or their owners can pocket your funds. Therefore, we go to the official page of the bitcoin project and download the wallet program for our version of the operating system.
When you first start the program, blocks will be downloaded, this can take a fairly long period: about an hour or more, depending on your Internet connection speed, a fairly large amount of data is pumped out, and you need to wait until the process is completed.
So, while the blocks are swinging, we’ll tell you how to get Bitcoin:
- Buy from people who have them. The main problem is that you need to trust the seller and not run into scammers.
- You can use special Bitcoin exchangers.
- You can exchange your funds for bitcoins on exchanges.
- You can start accepting BTC for your services or goods.
- You can use your computing power to participate in bitcoin mining.
We downloaded the wallet according to the instructions at the beginning of the article, after synchronization, go to the “Receive” tab and click the “Create address” button. You can give this address a label, given that you can have as many addresses as you like; it is convenient to enter an address for each service from which you plan to receive funds.
Mining can be done on a wide range of computing devices, but at the moment adequate earnings can only be obtained on specialized ASIC miners. You can look at approximate speeds for various hardware in this table and calculate your earnings using a calculator. For example, mining Bitcoin on central processors or video cards is unprofitable; you will pay more for electricity than you earn.
It is also worth considering that for many Bitcoin forks there are no ASIC miners yet, and they can be earned on central processors and video cards. Many forks are designed in such a way that it is difficult to manufacture ASIC miners for them. So, a workaround for those who do not have specialized equipment can be mining forks, which can be exchanged for Bitcoin on exchanges.
In 2017, even people who do not have access to the Internet know what Bitcoin is. And active network users have information not only about the features and rapidly growing rate of bitcoin, but also about the specifics of the issue of this cryptocurrency, namely, the ability to mine it independently. Therefore, it is natural that in stores selling powerful video cards, from time to time there is a shortage of hardware - people buy up cards to create their own Bitcoin farms and mine cryptocurrency on them. But to make a profit from mining digital coins, purchasing a card with a high hashrate and installing it on your PC will not be enough. You also need to understand how a Bitcoin farm works, how to assemble it yourself, and how to start mining. Let's try to answer these questions in simple words, and also tell you how to assemble a bitcoin farm for 50,000 rubles. And we’ll separately figure out whether it’s possible to earn bitcoins by playing virtual games with withdrawal of money.
Bitcoin farm: what is it in simple words and how it works and produces cryptocurrency
The custom of calling computers used for cryptocurrency mining “farms” came from the United States, because it was American miners who, when communicating with each other, jokingly began to call their PCs equipped with several video cards that way. Now the term Bitcoin farm is used all over the world, and in any country this phrase means computers connected to one network with powerful equipment connected to them, on which digital coins are mined.
Theoretically, processors, video cards, and specialized equipment - ASIC miners - can be used as hardware for Bitcoin mining. But in practice, the power of the processor and even a gaming video card today is no longer enough to mine the most expensive and popular cryptocurrency. Therefore, Bitcoin farms that bring consistently high profits operate on the latest ASIC models.
If you answer the question, a Bitcoin farm - what is it in simple words and how does it work, then we can say this: it is one or several powerful machines interconnected that mine Bitcoin. Of course, a Bitcoin farm must always be connected to the Internet, because all operations to create new coins are carried out online. And due to the fact that in the Bitcoin system one new block, which today brings 12.5 coins, is mined on average in 10 minutes, computers must work around the clock. The reason for this is simple - 24/7 mining maximizes the chances of solving each new block before other miners do.
Software tasks performed by a Bitcoin farm
The Bitcoin farm has only one task - to solve a new block before other miners and thereby earn a reward for its owner. That is why the characteristics of the processor, motherboard, RAM and hard drive of the computer on which mining is carried out do not play any role. But the performance of video cards or ASICs, which are used to mine cryptocurrency, is key. The fact is that both the complexity of bitcoin mining and the number of bitcoin farms are increasing every day, and in order to successfully compete with other “diggers” of electronic coins, you need to have very powerful equipment with a high hashrate.
Mining itself, from the point of view of the software problems being solved, represents the following sequence of actions:
- The Bitcoin system provides all miners with the hash function of the new block, and some of the hashing characters were taken from the previous, newly created block, and the other part were arbitrary.
- Software equipment installed on mining farms all over the world solves a new block in parts by enumerating numbers - that is, it selects characters that would fit a given hash function (for reference, each block contains tens of thousands of characters, and the hash - the function is a chain of several dozen characters).
- When any mining farm manages to solve a block, it will immediately be entered into the blockchain, and the system will give miners a new hash function that must be solved to obtain a new block.
- For a solved block, the miner who extracted it receives a reward of 12.5 btc. Those who did not cope with the task simply begin solving a new block.
According to the principle described above, new blocks are created not only in bitcoin, but also in other cryptocurrency systems. Only the hashing algorithms differ: BTC uses SHA-256, Ethereum uses Ethash, Litecoin, Dogecoin and Digitalcoin uses Scrypt, etc.
On video cards you can mine cryptocurrency with almost any hashing algorithm, the main thing is to install the appropriate software on your computer. But ASIC miners are initially “tailored” to a specific algorithm, so each model is suitable for mining a limited number of electronic currencies.
Bitcoin farm - how to start mining digital coins
Considering cryptocurrency mining as a way to make money online, novice miners first of all wonder how a bitcoin farm is assembled and how to start mining bitcoins on it. In fact, there is nothing complicated in assembling a mining farm for bitcoins or any other cryptocurrency, and any user who knows how to connect other equipment to the motherboard will be able to complete the farm in less than an hour.
Assembling a small Bitcoin farm involves removing the case from the computer system unit and installing it on a rack made in the form of a frame, and then connecting it to the motherboard via video card risers and placing them on the rack at a distance of at least 10-15 cm from each other. Since powerful video cards require additional power, they come with special wires through which the cards installed on the motherboard are connected to the power supply.
Where can I get virtual money? What programs are used to earn electronic money on the Internet? Is it possible to earn bitcoins using a computer on a machine?
There is an opinion that in the future cryptocurrency will become the main and only means of payment on the planet. But for now, serious investments in bitcoins and other digital money are considered a high-risk, although potentially highly profitable, way of earning money. If you are ready to take risks, then this article is for you.
Denis Kuderin is in touch - financial expert of HeatherBober magazine. I will tell, how to earn bitcoins using a computer, what methods of obtaining virtual money do not require investments, and how cloud mining different from usual.
Let’s sit down comfortably and read to the end - in the end you will find out which services for earning bitcoins are now the most popular, and how to get a lot of cryptocurrency by investing a minimum of your own funds.
1. Bitcoins – earn virtual money on the Internet
Bitcoins (bitcoins, BTC, BTK) are the most popular electronic currency. It is used to pay for goods and services, both in dollars, rubles and euros, bought and sold on stock exchanges, and exchanged at electronic exchange points.
However, Bitcoin has a significant difference from other currencies. This electronic money is not controlled by any institution in the world. They cannot be cashed at an ATM. They are a self-sufficient system and exist only within the network. Moreover, bitcoins are not backed by either gold or silver, but only by the source code (script).
The number of bitcoins is limited: it is known in advance how many of them will be produced before 2140. This is partly why this cryptocurrency is so valuable.
The emission of currency is ensured by the work of millions of computers around the world. Like gold, it is mined industrially and artisanally.
The whole point is that Bitcoins are distributed relatively randomly– among those who use special equipment for computing. The more powerful the equipment for creating mathematical algorithms, the higher the likelihood of receiving bitcoins.
What are the advantages of Bitcoins:
- they are transmitted directly from one person to another over a network– there is no need to use the services of banks and other payment institutions;
- Bitcoins are an international currency: it can be used in any country in the world;
- the account cannot be frozen– the currency is not controlled by any centralized institution;
- there are no restrictions on the amounts and time of transactions– unlike bank transfers;
- low transfer fees– at instantaneous speed.
Since it is a purely digital currency, 1 BTC is divisible almost indefinitely. The smallest coin is called " satoshi"(in honor of the program developer) and is equal to 10 -8 bitcoins.
The entire history of Bitcoin transactions that have ever occurred is stored on the network and is a blockchain ( blockchain).
Mining Bitcoins using a computer is called " mining" A few years ago, mining cryptocurrency was extremely simple - no additional equipment was required.
Now everything is much more complicated - requires substantial expenditure on hardware and software, which pay off only within 6-24 months.
First of all, mining provides the Bitcoin infrastructure itself, and making a profit is an additional incentive. Mining on regular video cards and processors is a completely outdated way to make money.
Only specialized hardware has prospects, but a lot of people with a lot of money and the appropriate equipment are already involved in this area.
Mining – not the only way to earn bitcoins. What other options does the average user have? Read on.
A short video educational program on the topic of cryptocurrency.
August 1, 2017 Bitcoin was divided into two cryptocurrencies: Bitcoin And Bitcoin Cash.
2. 5 proven ways to earn bitcoins
Experts and analysts warn against large investments in mining equipment. And in general, it is advised to treat cryptocurrency as an additional, but not the main, source of income.
Hardware becomes obsolete within a couple of months after its purchase, and Bitcoin rates are unreliable. They are influenced by a lot of speculative factors. The high cost of Bitcoin now does not guarantee a secure future for those who now have a lot of cryptocurrency.
Everywhere they write that Bitcoin exchange rate is growing and is not going to fall. It seems that everyone around you is making tons of money on Bitcoin, and you are missing out on profits. But I do not recommend taking risks and spending all your savings on cryptocurrency.
This is still an experimental project with an unpredictable future. . If you take a risk, then exclusively free money, which you don’t mind losing.
Cryptocurrencies are just technologies for making transactions. Bitcoins by themselves are of no use to anyone. If you want to really earn a lot on cryptocurrencies, become a manufacturer of mining equipment. Then your revenue will really be real.
Nevertheless, there are affordable ways to earn bitcoins. And I will tell you about them in detail.
Method 1. Mining
Specialized mining equipment costs serious money. Miners generally do work that is useful for the Bitcoin system - they ensure its vital activity and the reproduction of new units of cryptocurrency. This is the foundation on which everything rests.
What equipment is required for traditional mining:
- powerful modern video cards - not the same as those installed in your home computer;
- no less powerful power supplies;
- ventilation and cooling systems;
- latest generation processors.
Modern miners create entire farms for mining bitcoins - several computers that perform calculations 24/7. The “farmer” spends not only on equipment, but also on paying for electricity, which is consumed in an intensive mode.
In addition, specialized programs are needed - CGMiner, DiabloMiner, BFGMiner, Phoenix or others: mining software is constantly evolving, as are the technologies themselves. Read a separate publication about that.
It is alarming that some major players, who opened their farms some time ago, are now selling off their equipment. Does this mean that the Bitcoin market is heading for a reversal? It's impossible to say for sure. While 1 BTC is worth 2.5 thousand dollars . And this is more expensive than gold.
Attention! While we were preparing this article for publication, the Bitcoin rate increased again! On August 8, 2017, one unit of this cryptocurrency exceeded the mark for the first time $3500!
Small farm for mining bitcoins
There is another, much less expensive type of BTK mining - cloud mining. Its essence is that you use rented equipment that is located somewhere else. You pay for using the program by renting it for the period you need.
Cloud mining is industrial enterprise for mining bitcoins. You no longer mine cryptocurrency as a lone miner, but use the services of an entire “mining company.” The bitcoins mined by this company are distributed among the tenants of the cloud server.
The algorithm is simple:
- choose a cloud mining site;
- register and deposit cryptocurrency into your account;
- purchase power for as long as you have enough money;
- mining is carried out in automatic or semi-automatic mode.
You need to choose a site carefully - in this area, like any other related to finance, there are a lot of scammers who want to make money at your expense. And some popular services are typical hype - financial pyramids with a limited lifespan.
Method 2. Passing captcha on faucets
Cranes- these are sites that offer everyone satoshi as payment for simple tasks– click on the banner, enter the captcha, watch a video or web page for a fixed time. Money is credited to your bitcoin wallet.
The average reward is small - 100-300 Satoshi, but some sites constantly give out larger prizes. Cryptocurrency withdrawal is available after accumulating a certain amount of Satoshi. Most faucets have a referral fee system.
The advantage is that no investment required from users. Initially, faucets were created to popularize cryptocurrency, but gradually became a full-fledged way to earn it.
Method 3. Gambling
In essence, these are ordinary online games, only winnings here are not in rubles and dollars, but in cryptocurrency.
There are two ways to make money on such Bitcoin games - play yourself or attract referrals. The first option involves a known risk - There are not only wins in the game, but also losses. The second option is more reliable, and earnings depend only on your ability to attract referrals.
Method 4. Affiliate programs
Quite a promising and highly profitable method. You place an affiliate link on your website, social network page, LiveJournal blog and receive a reward for it. Money drips every time your link is clicked a new user goes to the affiliate site.
Where to look for users who will follow your link? In the vast expanses of the World Wide Web. Place your affiliate program wherever you can, including in communities, on thematic forums, in comments on sites where this is allowed.
Method 5. Trading
Cryptocurrency is widely traded on exchanges, just like dollars and rubles. Those who purchased a decent amount of bitcoins 5-7 years ago are now millionaires. But this does not mean that the rise will continue.
Fact
One Finnish student purchased bitcoins in 2009. 27 $ and happily forgot about my purchase. When he remembered this a few years later, his savings were already worth $886,000 .
Making money from exchange rate fluctuations is the topic of a separate article. Here I will say one thing - trading on Forex or special ones without initial preparation is risky.
3. How to earn bitcoins using a computer on a machine - 5 simple steps for beginners
Let's move on to practice. Let's look at it step by step, how to earn bitcoins using mining software, which I wrote about above.
First you need to start bitcoin wallet. It stores the secret key to access bitcoin address. Since Bitcoins themselves are immaterial, the key is the only way to access funds.
There are official and light wallets, hardware and online wallets, as well as for PC and mobile devices. The choice is yours. Next, follow the expert guidance.
Step 1. Select a service
Choose a service to earn money automatically. The advantage of this method is that you don’t need to waste time installing and debugging equipment. All you have to do is launch a program that will work for you.
The problem is that there are many services and many of them do not mine bitcoins themselves, but just intermediaries. In the next section you will find an overview of proven sites that are trusted by thousands of users.
Step 2. Register
Registration on the service is extremely simple and takes a few minutes. You are required to provide an email address, country, login, password and date of birth. Some systems have other fields, but in any case they are few.
Step 3. Download the program and go to your personal account
Then everything is simple - you need to download the program and install it on your computer. It is for the program that the user pays. The service itself will advise you on the most suitable version of the program, depending on the database you use.
Various service rates available– from the most inexpensive to the most expensive, involving the conclusion of a long-term contract with the service.
If you want to know more, read our article “How to mine with a video card.”
Step 4. Launch the program
Now the program needs to be launched. There are no difficulties here either - a person with a minimum level of training can understand the interface and functions.
Of course, the rules for using both the program and the services of the service itself need to be studied in advance. This will save you from unnecessary questions. But if they do arise - Feel free to write or call the site support service.
Step 5.
We receive bitcoins to our wallet. Parallel attracting new users to the service and we have a percentage of their income.
You can make money on bitcoins, but there are no guarantees of earnings
How much you earn depends on earnings no
How much you earn depends on the capacity you purchased and the cryptocurrency rate. Those who started cloud mining a couple of years ago have done quite well. But this does not provide any guarantee of profit in the future.
A separate issue is the exchange of bitcoins for other currencies. There are hundreds of exchange offices of varying levels of reliability on the network. How to find the most profitable rate?
- I recommend using a professional service - monitoring exchangers. Here are the best exchange rates at the moment in all working exchangers. At the same time, unreliable and compromised sites are excluded from the list.
I personally have repeatedly used this resource and still use it when I need to exchange money on the Internet or withdraw it from payment systems. For cryptocurrency miners, exchangers are the fastest and most secure way to convert digital money into real money. And searching for the most profitable rate using BestChange monitoring gives real savings.
4. Where to earn bitcoins - review of the TOP 3 services for earning money
I offer an overview of the most popular services for earning bitcoins. These are international platforms available to everyone.
Thousands miners have already withdrawn money from them and are withdrawing them now, so - no deception, only program code.
1) HashFlare
Cloud mining HashFlare – a new generation service with equipment designed specifically for cryptocurrency mining. The platform connects users to pools - special web services that allow them to receive bitcoins more evenly and predictably. The user has the right to select several such pools to reduce risks.
HashFlare is a division of the larger HashCoins company, which develops professional mining software. So the service uses its own products, not third-party equipment.
The service guarantees clients low risks, a minimum entry threshold and low costs for program support and maintenance. The company's head office is located in Tallinn.
2) Kryptex
“Kryptex” is the name of the server and special program. You download it to your computer, it starts generating cryptocurrency. Profit comes in both bitcoins and dollars, rubles and other currencies for which you exchange virtual money.
The application makes special calculations using the power of your device. The operating algorithm is as simple as possible: install the program, register, leave Kryptex running, and make a profit.
Earnings are small - up to 9,000 in rubles on average-power computers, but don’t forget – you get this money without making any effort.
3) Fleex.cc
Mining platform for mining the most popular cryptocurrencies. Estimated earnings are 2-3% per day from investments. 100 Gh/s (power units for mining bitcoins) as a gift.
Using affiliate programs, you receive an additional 5-12% of the power purchased by your referrals.
Service comparison table:
5. How to earn a lot of bitcoins by investing a little - 5 golden tips
Earning Bitcoins is unlimited. More precisely, there is only one limitation - the amount in 21 million bitcoins, and it is set by the system code itself. However, for an ordinary user, several thousand BTK, or even hundreds, will be enough for a comfortable life.
Read our articles and take advantage of expert advice.
Tip 1. Invest in mining correctly
Buying equipment and software is expensive and not always profitable. Much easier make money on rental and cloud services. But don’t invest money in one program – try different options. Bitcoin mining is an unpredictable process.
Advice for traders who make money on cryptocurrency price fluctuations. The most reliable and professional broker on the Forex exchange is. You need professional support and guarantees of profitability - register with Alpari, choose an intermediary and make a profit.
If you are a sociable person and know how to persuade, then affiliate programs are your cup of tea. There are people who earn bitcoins exclusively from referrals without investing a single satoshi of your own funds.
As with any activity, you can learn how to earn cryptocurrencies. There are those who know how to not only earn bitcoins, but also teach others how to do it.
The network is full of information and video lessons from professional cryptocurrency miners. There are also paid courses - although their value cannot be predicted in advance.
If your option is your own mining farm, then pay special attention to the quality and functionality of the equipment.
Beginners often forget about important little things - for example, saving on the cooling system for the processor and other computer components. But for full production, farms must work around the clock.
Seek the help of experienced “farmers” - look for them online on special forums and websites.
Greetings to all readers of my blog! Today we will discuss what Bitcoin is, in simple words I will explain the essence and possibilities of using this electronic virtual currency in 2019, I will share information on how to use, collect and make investments using this technology.
Today, friends, we will talk about such an interesting phenomenon as Bitcoin. Until recently, I had a very general understanding of this cryptocurrency, but, having dripped 
deeper, I realized how fascinating this topic is. In human terms, this is a digital (electronic) currency that exists only on the Internet, its uniqueness lies in the fact that the system is independent, that is, it has no owner, in fact, it belongs to those who are involved in the process of issuing and selling , purchases of bitcoins, in fact, for you and me. Using a program to calculate a mathematical algorithm, this currency is issued by millions of computers around the world.
Let me briefly tell you what today's article is about:
To understand the essence of virtual money Bitcoin, to understand how it works, it would be useful to find out how this cryptocurrency appeared. If we talk about literal translation, the word means bit (unit of information) and coin (coin), and has the official abbreviation BTC. About 7 years ago in 2009, the history of Bitcoin began when a developer under the pseudonym Satoshi Nakamoto(Who is it, I’ll tell you a little later) published the fruit of his two years of work - the source code, which laid the foundation for the system of the phenomenon called Bitcoin. Since then, a lot of controversy and contradictory statements have appeared on this topic; one thing is certain, this phenomenon can be called a unique economic experiment, which has harmoniously merged into the World Wide Web and has a whole army of its fans.
Satoshi Nakamoto, based on mathematical calculations, brought to life the idea of creating an electronic payment system that makes payments more or less quickly, with minimal costs and without intermediaries. That is, in order to pay for a product or service on the Internet, you do not need services like Yandex.Money or Webmoney, you transfer money “from hand to hand”, a kind of electronic cash.
Virtual currency Bitcoin - about the creator of the system
As I already said, the creator of the virtual currency Bitcoin is considered to be a certain Satoshi Nakamoto, who in 2009, in a mailing list, showed the world the source code - the operating principle of Bitcoin, although an independent alternative electronic currency was first mentioned in 1998 in the works of Wei Dai.
The personality of Satoshi Nakamoto is shrouded in mystery, and no one knows for sure whether such a person actually exists, who he is, where he lives: rather 
In total, this is a group of programmers who took this pseudonym for themselves. However, in 2010, someone who calls himself Satoshi Nakamoto made a statement that work on Bitcoin was completed, the system had proven its efficiency and would continue to develop independently.
By and large, friends, it’s not that important for you and me, who is Nakamoto, since he did not assume managerial powers, and today no one can boast of the right to control the system, the source code, as well as the program itself, are available to anyone who expresses a desire to use them.
Features of electronic money Bitcoin
Well, dear readers, I hope you are no less impressed by the Bitcoin phenomenon than I am, and I propose to analyze in detail what is unique about the system, find out the features of Bitcoin electronic money, what are its differences from other systems, which you can find out in the article
- Decentralization
Perhaps bitcoins will appeal to “fighters against the system”, since they do not belong to any state and are not subject to any central authority; no one can influence the price or quantity of the currency issued.
- Lack of material support
Military-technical cooperation does not have material backing; they are not debt obligations, like traditional money. In simple terms, the price of Bitcoin depends on the demand for it. For example, as soon as the BTC was released, it essentially cost nothing, but with the growth of popularity, which peaked at the end of 2013, the cost of one bitcoin soared to $1,200, then the hype subsided and today the price is just over $500, but in 2018 its price had already risen to $20,000 and I think this is far from the limit!
- Easy to use
In order to create a wallet, you will not need more than 5 minutes, and in order to access all the capabilities of the system, you will not need to go through the verification procedure, confirming your personal data. The following features of Bitcoin follow from this.
- Anonymity of users and transparency of the Bitcoin system
VTS is completely anonymous, you can create as many Bitcoin addresses as you like without any restrictions, without linking them to your name or any other personal information. However, you should know that Bitcoin stores all the information about all transactions, this is called a block chain, so if you use a public Bitcoin address, anyone who wants to know how much BTC you have. You need to understand that you are working with a public system, therefore, to remain anonymous, you should simply refuse to be tied to addresses, names and other data.
Yes, one more point, the transparency and openness of the system protect it from outside control, this does not mean the access of other users to your accounts, there is serious protection with several degrees, as well as careful encryption of transaction owners.
- Speed of translation and absence of territorial borders
The Bitcoin network processes transfers within a few minutes, and it does not matter to whom you are sending: a neighbor from next door or your grandfather in America.
- Irrevocable transactions
What does this mean: every operation in Bitcoin is considered completed, that is, once you have sent BTS to the recipient, there is no way to return them, the operation cannot be canceled. There is no control system, which means there is no arbitration and there is no one to complain to. The only option for return is if the recipient agrees to it.
- The number of bitcoins is limited
The system code specifies the final number of bitcoins that can be issued; this figure is not a secret and amounts to 21 million bitcoins; in addition, the program also limits the dynamics of currency production; according to forecasts, the issue should end by 2033, although taking into account the pace (at Today more than 12 million bitcoins have already been issued) this may happen sooner.
- Another feature of military-technical cooperation, as well as its main disadvantage, is the danger of becoming a prohibited currency. But Bitcoin is popular in many countries, many companies accept it as an electronic currency, Microsoft Corporation has recognized Bitcoin and now payments in this currency are available to all registered users. Therefore, it will be difficult to ban this currency, or rather, it will be easy to ban, but it will be very problematic to implement in practice.
Bitcoin technology - how to collect, produce, invest
I think my readers may have a completely logical question about where to get these wonderful bitcoins (or as they are also called bitcoins, bits). Bitcoin technology and the Internet make it possible to collect, produce, and invest virtual currency. You can use at least four ways to get BTC:
I promise to tell you in more detail about the production of bitcoins, as well as making money on them, in one of the following articles.
Bitcoin forecast 2019 – prospects and opportunities
Despite all the statements of skeptics, Bitcoin 2019 has excellent prospects - the capabilities of this technology make it possible to make rosy forecasts for this unique electronic currency. Having passed its way from creation, sharp rise and decline, to the present, the system has a smooth but stable development (I have already mentioned how much is bitcoin worth today, and it continues to grow gradually).
The popularity of BTC is explained not only by the opportunity to make good profits on speculative trading, but also by the openness and honesty of Bitcoin, which is an alternative to generally accepted financial systems.
Bitcoin can well be called a challenge to the system; it provides equal opportunities for independent production of currency, and the implementation of the idea of independence from the state.
Of course, you are interested in the question, can Bitcoin depreciate? Yes, like any other asset, but the chances that this will not happen for BTS are much greater than for anyone else; these advantages are given to it by several factors - the limited emission, its dynamics, the recognition of Bitcoin 
many major players, the involvement of a huge number of people from different countries and continents in the system. Something serious must happen, this is at least the absence of inflation and government control. In fact, banning or regulating Bitcoin is the same as banning the Internet, of course, you can make a restriction on the exchange of Bitcoins for paper equivalents, but in fact this will not do much - there will be double exchanges, registrations on the resources of other states, in general, we will go underground and we will wait for changes.
I hope you were interested in learning what Bitcoin is, where it is so popular, and how it is produced. In my future articles, I plan to return to such a worthy and fascinating topic, I promise you a lot of useful and entertaining things.
Of course, I wish you to achieve new heights on the path to financial independence through investing on the Internet, I never tire of reminding you, friends, that always and with any of the most attractive offers, you should follow the main rule of an investor - we distribute risks by investing money in different projects and companies. You can find information about my current investment portfolio at the link below:
Standard paper currency is gradually losing its relevance. In 2017, the time has come for cryptocurrencies - bitcoins. For those who are not familiar with this concept, let us explain that cryptocurrency is a currency in the virtual space, the most popular representatives of which are bitcoin. Perhaps the only people who haven’t heard about bitcoins are those who haven’t left the bunker, haven’t watched TV or used the Internet. It looks like we have a new currency of the future that is taking over the virtual space.
Everyone is trying to make money on it, and the most important topic is Bitcoin mining. Not surprising, because the rate is impressive and is constantly growing. Knowing how to work with these fluctuations, you can make a fortune. Well, while you don’t know this, we will try to consider this topic in as much detail as possible. Perhaps something in this article will give a future financial genius an idea on how to get maximum profit using bitcoins.
What is Bitcoin
Perhaps it’s worth starting with the simplest thing - indicating. It is a decentralized electronic currency. It was developed by a Japanese programmer named Satoshi Nakamoto back in 2009, but became popular in relatively wide circles not so long ago. In principle, the wave of its popularity is just beginning to rise, so we have every chance to be surprised how popular this type of virtual funds will become.
The name bitcoin can be translated into Russian by dividing into its constituent words “biti”, that is, bit (unit of information) and “coin”, that is, coin. It turns out that we have money that exists exclusively in virtual space and is universal for almost all the money in the world. This makes it incredibly easy to transfer funds from one subscriber to another, especially internationally.
In addition, this name applies not only to the currency itself, but also to the wallet where it is stored and to the network in which it is created. But quite often on the Internet you can find the abbreviated name of the currencies in question, which in English looks like “BTC”, and in Russian “BTK”.
But before we begin to find out how the type of currency in question is mined, it is advisable to clarify what its features are and how it differs from the money we are used to:
How to mine
If you decide to start mining, mining bitcoins will not be cheap. Of course, this is a profitable business, but the competition here is high. Moreover, the competitors are not some newcomers, but experienced specialists who have eaten more than one dog in this matter. Without appropriate training, there is no point in competing with them - it will be ineffective. But the instructions that are posted on most sites, to put it mildly, bear little resemblance to accessible and understandable instructions for a beginner. They are for advanced users, programmers and other people who have literally become familiar with the computer.
We tried to create instructions that will look at the process of mining currencies from the very beginning, showing how to get more bitcoins without getting confused in the instructions.
- The first step is to purchase special equipment.
Previously, you could use an ordinary computer, as in principle now, but if back then it was of any use, now the chances of earning bitcoins are almost zero. This is due to high competition in this industry. Therefore, equipment developed specifically for currency mining—ASIC miners—has gone on sale. All this will cost no less than two thousand dollars, and this is only based on minimal calculations.
- The second step is to create a Bitcoin wallet.
If a person gets money, even virtual money, it needs to be stored somewhere. Therefore, you will need to create a virtual Bitcoin wallet. When the process of creating it is completed, do not forget to save the address. It is important that there is an open, public address.
What is especially important is that you can create a wallet either online, using special services, or by downloading and installing an offline wallet on your computer. In the latter case, there is one feature so that your bitcoins do not go to waste if your computer breaks down, it is important to copy the wallet.dat. Then you need to print it out and hide it in the safest possible place, because this piece of paper gives access to your wallet, which helps restore information and earned money.
- The third step is to join the co-generation pool.
Of course, you can try to work alone, but the problem is that achieving high results is almost impossible. But searching in pools is much more convenient and efficient, and the participants share the reward among themselves. It's very simple - some pools even require pre-registration. But registration provides a lot of advantages, such as the ability to track statistics, choose convenient options for withdrawing bitcoins, etc.
But before you settle on any option, pay attention to:
- The fourth step is to install a special program on your computer.
Many professional computers already have such a program, but if not, then you need to install it. But be careful, because different programs are suitable for different software. The most popular program is Bitminer. But if you prefer to work on Mac software, you can use MacMiner. If you are a PC client, then BFGMiner or 50Miner will probably suit you. After the programs have been downloaded, you can start working.
