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Hey 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 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 authorities, 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 may transfer bitcoin anyplace in this world without a lot charges, you will be a hundred% nameless 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 tell you when it first launched it has completely no value but now 1 bitcoin = 6,689.35 $ that is some fairly spectacular development isn't it?.

So how does this thing grow you could ask, well let me inform you the best way to maintain a blockchain there should be something called a ledger the place all of the transaction needs to be noted and to become a block in a blockchain a hashing operate must be solved and producing bitcoin by solving hashes are called Mining Bitcoin.

To unravel the hashing operate typically folks used graphics cards however as time passed by bitcoin got more tough 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 folks develop into part of this blockchain its value will increase.

so how can I make cash with bitcoin, there are two ways

1.you possibly can trade bitcoin/altcoin(any cryptocurrency aside from bitcoin is called altcoin, yes there are thousands of them)

2.you'll be able to mine them in your own

Each of these strategies have their own advantages and disadvantages, because bitcoin is controlled by nobody it is extremely unreliable one day it will be price 10,000$ and the subsequent day it may drop to one hundred$. Trading essentially means buying bitcoin for real cash and praying that its worth will go up and selling it when it has gone up.This approach may be very risky and you could find yourself losing money moderately than making any profit.

Or you may select to mine bitcoins, but here is what it's best to consider, mining hardware is super expensive and mining requires a lot of electricity,additionally mining difficulty is getting higher day-after-day so you won't be able to get some profits without high initial investment.

That being said bitcoin trading and mining are two good ways to make money for those who know what you might be doing.

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