Hiya 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 those of you who do not know what Bitcoin is let me put it this way, Bitcoin is a currency which can't be managed by any bank or any government, it is basically a virtual currency and could 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 a lot charges, you could be 100% anonymous while doing transactions thanks to a technology called blockchain.So then what is the big thing about this you may ask, well let me inform you when it first launched it has absolutely no value but now 1 bitcoin = 6,689.35 $ that is some fairly spectacular growth isn't it?.

So how does this thing develop you might ask, well let me inform you the way to maintain a blockchain there have to be something called a ledger where all of the transaction must be noted and to turn into a block in a blockchain a hashing function has to be solved and producing bitcoin by solving hashes are called Mining Bitcoin.

To resolve the hashing function typically individuals used graphics cards however as time passed by bitcoin received more difficult to mine and dedicated hardware called ASIC miners were introduced.

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

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

1.you can trade bitcoin/altcoin(any cryptocurrency apart from bitcoin is called altcoin, sure there are literally thousands of them)

2.you may mine them on your own

Both of these methods have their own advantages and disadvantages, because bitcoin is controlled by nobody it is extremely unreliable one day it will be value 10,000$ and the following day it may drop to one hundred$. Trading essentially means shopping for bitcoin for real money 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 dropping cash quite than making any profit.

Or you might choose to mine bitcoins, however here is what it is best to consider, mining hardware is super expensive and mining requires numerous electricity,also mining problem is getting higher day by day so 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 for those who know what you're doing.

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