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Hello there,

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

For these of you who do not 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 might be purchased on-line utilizing real money.So then apart from being a decentralized currency what are its advantages, well you may switch bitcoin anywhere in this world without a lot charges, you might be 100% nameless while doing transactions thanks to a technology called blockchain.So then what is the big thing about this you might ask, well let me inform you when it first launched it has completely no value however now 1 bitcoin = 6,689.35 $ that's some fairly impressive progress is not it?.

So how does this thing develop chances are you'll ask, well let me let you know find out how to maintain a blockchain there should be something called a ledger the place all of the transaction must be noted and to grow to be a block in a blockchain a hashing perform has to be solved and producing bitcoin by solving hashes are called Mining Bitcoin.

To unravel the hashing perform typically people used graphics cards but as time passed by bitcoin got more troublesome to mine and dedicated hardware called ASIC miners were introduced.

So people who spend their money and time to mine bitcoin will be rewarded in bitcoins and as more and more individuals become part of this blockchain its value will increase.

so how can I make money with bitcoin, there are ways

1.you can trade bitcoin/altcoin(any cryptocurrency other than bitcoin is called altcoin, sure there are millions of them)

2.you may mine them on your own

Each of those strategies have their own advantages and disadvantages, because bitcoin is managed by nobody it is extraordinarily unreliable at some point it will be worth 10,000$ and the following day it might drop to one hundred$. Trading essentially means buying bitcoin for real money and praying that its price will go up and selling it when it has gone up.This approach could be very risky and you could find yourself dropping money relatively than making any profit.

Or you would possibly select to mine bitcoins, but here is what you must consider, mining hardware is super expensive and mining requires numerous electricity,also mining problem is getting higher on daily basis so that 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 if you know what you're doing.

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