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Good day there,

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

For these of you who don’t 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 transfer bitcoin wherever in this world without much charges, you could be 100% anonymous while doing transactions thanks to a technology called blockchain.So then what’s the big thing about this you could ask, well let me let you know when it first launched it has completely no worth but now 1 bitcoin = 6,689.35 $ that is some pretty impressive development is not it?.

So how does this thing grow you may ask, well let me tell you how you can sustain a blockchain there must be something called a ledger where all the transaction has to be noted and to grow to be a block in a blockchain a hashing operate must be solved and producing bitcoin by fixing hashes are called Mining Bitcoin.

To resolve the hashing perform typically individuals used graphics cards but as time passed by bitcoin acquired more difficult to mine and dedicated hardware called ASIC miners have been introduced.

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

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

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

2.you possibly can mine them on your own

Each of these strategies have their own advantages and disadvantages, because bitcoin is managed by nobody it is extraordinarily unreliable in the future it can be worth 10,000$ and the next day it may drop to a hundred$. Trading essentially means shopping for bitcoin for real money and praying that its value will go up and selling it when it has gone up.This approach may be very risky and chances are you’ll end up dropping money rather than making any profit.

Or you might select to mine bitcoins, however here is what it is best to consider, mining hardware is super costly and mining requires a lot of electricity,additionally mining problem is getting higher every single day 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 cash if you happen to know what you are doing.

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