Hi there there,

This is my very first article here so hopefully this gets approved, I am going to share some factors 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 cannot be managed by any bank or any authorities, it is basically a virtual currency and will be purchased online utilizing real money.So then apart from being a decentralized currency what are its advantages, well you can switch bitcoin wherever in this world without much charges, you may be a hundred% anonymous while doing transactions thanks to a technology called blockchain.So then what is the big thing about this you might ask, well let me let you know when it first launched it has completely no value but now 1 bitcoin = 6,689.35 $ that is some pretty spectacular progress isn't it?.

So how does this thing develop you might ask, well let me tell you how one can maintain a blockchain there have to be something called a ledger where all the transaction needs to be noted and to change into a block in a blockchain a hashing function needs to be solved and producing bitcoin by fixing hashes are called Mining Bitcoin.

To resolve the hashing perform typically people used graphics cards however as time passed by bitcoin got more troublesome to mine and dedicated hardware called ASIC miners have been introduced.

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

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

1.you'll be able to trade bitcoin/altcoin(any cryptocurrency other than bitcoin is called altcoin, yes there are literally thousands of them)

2.you possibly can mine them on your own

Both of those methods have their own advantages and disadvantages, because bitcoin is controlled by nobody it is extraordinarily unreliable in the future it will be worth 10,000$ and the subsequent day it may drop to 100$. Trading essentially means shopping for bitcoin for real cash and praying that its worth will go up and selling it when it has gone up.This approach is very risky and you might find yourself dropping cash quite than making any profit.

Otherwise you might select to mine bitcoins, but here's what you should consider, mining hardware is super expensive and mining requires a lot of electricity,also mining issue is getting higher daily 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 when you know what you're doing.

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