Showing posts with label bitcoin. Show all posts
Wednesday, 16 May 2018
The bitcoin adventure
Hi
there! Today I am going to tell you about the bitcoin experience meaning what
is bitcoin and how to get bitcoin without spending a dime! First of all you should all know what cryptocurrency is...
The
textbook definition says it is a digital currency in which encryption
techniques are used to regulate the generation of units of currency and verify
the transfer of funds, operating independently of a central bank.
What is bitcoin?
Bitcoin was created by Satoshi Nakamoto in 2009.
Bitcoin is a cryptocurrency and a system of
international payment, it is the first decentralized digital currency.The
network is P2P (peer-to-peer) and transactions take place between users
directly, without an intermediary.
The transactions are verified by
network nodes through the use of cryptography and recorded
in a public distributed ledger called a blockchain.
The experience
So far, the bitcoin experience has been a big fart of time!
I mean yeah they are pretty cool and too tempting to resist
but getting them is really a mess unless you buy them from somewhere which
would indicate that either you have money or you are a gambling idiot! If
someone has a bitcoin yay for them!
Getting
some
Getting some millibitcoin
or satoshi is easy but do you know how satoshi equals 1 bitcoin? It’s this much
100 000 000 satoshi. How to get satoshi you ask.
Rules
of earning
1. Never
spend money you don’t have!
2. Never
Trust stupid ads.
3. Never
jump from one faucet to another!
4. Stick
to routine.
So what the rules basically means is that pick a lane!
Ways
to get
1.Mining
Bitcoin mining is
the process by which transactions are verified and added to the public ledger,
known as the block chain, and also the means through which new bitcoin are
released. Anyone with access to the internet and suitable hardware can
participate in mining. The mining process involves compiling recent
transactions into blocks and trying to solve a computationally difficult
puzzle. The participant who first solves the puzzle gets to place the
next block on the block chain and claim the rewards. The rewards,
which incentivize mining, are both the transaction fees associated with
the transactions compiled in the block as well as newly released bitcoin.
Note: If you have the equipment then by all means go ahead
but be sure to watch your electricity bill!
1.Faucets
Bitcoin faucets are a reward system, in the form of a website or app,
that dispenses rewards in the form of a satoshi, which is a hundredth of a
millionth BTC, for visitors to claim in exchange for completing a captcha
or task as described by the website.
Here is a list of verified faucet websites by
me and I use.
the earn rate is small you and earn free satoshi every hour and participate in lottery and also mine in your browser.
Moonbit.co.in
the earn rate is small you and earn free satoshi every 5 mins and participate in lottery and also mine in your browser.
bitfun.co
the earn rate is small you and earn free satoshi every 3 mins and play games do offers and roll dice.
Note: Try these and let me know how you liked them and if i missed a good one.
Also don't spend all day on those just few mins a day.
to get a free blockchain wallet click here
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