BITCOIN BEGINNER

written by John Delano.

EASY WAYS TO EARN BITCOIN FOR BEGINNERS

Bitcoin has recently gained a lot of awareness from the press, due to its exponential price growth. People from all over the world are beginning to use the digital currency, looking to strike it rich, or simply take advantage of its unique features.

BITCOIN FAUCETS

Bitcoin faucets have played an essential role in the history of Bitcoin. Faucets are websites which automatically dispense free BTC to a user who enters his or her Bitcoin address. This is an ideal way for newbies to get a small amount of BTC for free.


There are many different faucet websites, each with its own unique features. For example, some websites require players to complete a simple game, instead of solving a CAPTCHA. A number of Bitcoin casino sites give out coins which can be used to bet on a dice roll or sports event. You could potentially earn a lot more from these sites, compared to regular faucets, but you may lose some or win some.


Mine Bitcoin

Mining is the process of generating Bitcoins through solving computationally-difficult problems. It also serves the purpose of confirming transactions, which secures the network. In layman’s terms, this simply means that you can use computers to crunch numbers, and earn BTC as a reward.

Bitcoin mining is actually a lot harder than it sounds. In 2009, when the virtual currency was first released, you may have been able to mine hundreds of BTC with any regular computer effortlessly. Today, miners employ specialized devices in a race to earn the 25 BTC block reward. In fact, the Bitcoin network is around 256 times faster than the world’s top 500 supercomputers combined.

So is it possible for ordinary people like you and me to take part in the Bitcoin gold rush? The answer is simple. You can join a mining pool to work with other miners, and then split the reward based on how much computational work you did. USB-powered mining hardware, such as the ASICMiner Block Erupter, are readily available, and affordable to the average Bitcoin user. Although there is a chance that you won’t make back the money you spent on purchasing hardware, you will still learn how Bitcoin works, and earn some extra money along the way.


What is Bitcoin Cloud Mining?

Cloud mining enables users to purchase mining capacity that is hosted in data centers that own the hardware instead of needing to purchase the hardware yourself only to be eventually outdated anyway.

Bitcoin cloud mining enables people to earn Bitcoins without bitcoin mining hardware, bitcoin mining software, electricity, bandwidth or other offline issues. Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin mining hardware placed in remote data centers. Then all Bitcoin mining is done remotely in the cloud. This enables the owners to not deal with any of the hassles usually encountered when mining bitcoins such as electricity, hosting issues, heat, installation or upkeep trouble.

What are Bitcoin Cloud Mining Advantages?

Here are some TOP mining websites

Hashflare
Genesis-Mining
Eobot
Hashnet

Buy Bitcoin

Localbitcoin

At LocalBitcoins.com, people from different countries can exchange their local currency to bitcoins. The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking. Bitcoins are placed in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly.

How to buy bitcoins at localbitcoin click here



Coins.ph

Founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson, Coins is Southeast Asia’s leading mobile blockchain-enabled platform that enables anyone, including those without bank accounts, to easily access financial services directly from their phone. Using Coins, customers have access to a mobile wallet and services such as remittances, air-time, bill payments, and online shopping at over 100,000 merchants who accept digital currency. Operating in the Philippines and Thailand, Coins' mission is to increase financial inclusion by delivering financial services directly to people through their mobile phones.

How to buy bitcoins at Coins.ph click here


Coinmama

Virtual currency is becoming more popular by the minute. It’s starting to seem that everyone wants in, yet it isn’t always so easy to get a hold of. Read more here

How to buy bitcoins at Coinmama click here


Sell goods and services

Instead of simply purchasing Bitcoins on an exchange, you can also earn it through selling useful items and services to the community. If you’d like to sell something, you should consider accepting Bitcoins, instead of simply listing the item on eBay.

One of the key features of Bitcoin is that it allows you to send and receive money from anywhere in the world. That means that you could make money by providing useful services to international customers. If you are skilled at a particular job, such as programming, or graphics design, you could earn a good amount of Bitcoin doing freelance work.

John Delono is a passionate Bitcoin user. He first learned about it in 2010, when looking for a way to make online payments, and store his money safely. He is excited by Bitcoin’s potential to change the world economic system. He writes about Bitcoin gambling on his website, Bitcoin Reviewer.


Comparing Bitcoin Desktop Clients

A Bitcoin desktop client is software that you run on your own computer, as compared to an online client which is a service that makes your wallet available online. With a desktop client, your wallet is stored on your computer as a file, which means your wallet is as secure as your computer is. There are several desktop clients available, which vary in the features they have and how easy they are to use.

When you first start a desktop client the entire Bitcoin block chain is downloaded to your computer. The block chain is a file that records every transaction that has ever occurred in the Bitcoin network. It is constantly growing in size (it is currently around 7 GB) and can take several hours to fully download and verify, depending on your internet connection speed. You won’t be able to send or receive bitcoins until this process is complete (unless you use a “light-weight” client, like Electrum, or decide to use an online wallet).

Bitcoin-Qt

Bitcoin-Qt is the original Bitcoin client, first developed by Satoshi Nakamoto and now developed by the Bitcoin development team. It is considered the “reference” implementation, which means that any other Bitcoin clients are expected to conform to how it works (though other clients are free to offer additional features and modify the look-and-feel).

The Bitcoin-Qt client lets you perform all the basic operations you would expect, from creating a wallet to sending and receiving bitcoins.

Available for Windows, Linux, and Mac.

Armory

The Armory client offers more advanced features including the ability to run multiple wallets and paper backups of your Bitcoin keys. It also offers “cold storage”, which is the ability to store your bitcoins in a computer that is kept permanently offline and manually synced with your normal computer. Cold storage is a bit of a hassle, but it’s basically hacker-proof.

The Armory client requires the Bitcoin-Qt client to already be installed and running. Armory essentially sits on top of Bitcoin-Qt and offers functionality that Bitcoin-Qt doesn’t have. After you’ve gotten started with Bitcoin and become familiar with the terminology, you should definitely check Amory out.

Available for Windows, Linux, and Mac.

Electrum

Electrum is a “light-weight” Bitcoin client, which means that, unlike Bitcoin-Qt and Armory, it doesn’t need to download the full block chain before it can start working. Instead, it relies on remote servers that have a copy of the block chain (you can run your own Electrum server if you want). Your wallet file is still stored locally and securely on your own computer.

Because it doesn’t download the entire block chain, you can start using Electrum much sooner than other clients, so if you’re in a hurry, Electrum is good place to start.

Available for Windows, Linux, Mac, and Android.

MultiBit

MultiBit is another light-weight client that doesn’t require you to download the entire Bitcoin block chain before you can get started. It’s translated into a growing number of languages, which makes it a good choice if you want a client in a language other than English. A list of which languages it supports can be seen at the MultiBit website.

Available for Windows, Linux, and Mac.

Coinomi

Free Secure Source-Available Multi-Coin Multi-Asset HD Wallet for Bitcoin Altcoins and Tokens.

If you dont have other altcoin Address to link in your faucethub account, you can get one here.

Cellphone Apps wallet.

Bitdoge

A Faucet that offers instant payment directly to your Faucethub account.

Dogecoin

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Bitcoin

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Etherium

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Litecoin

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Bitcoin cash

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Dash

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Blackcoin

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Peercoin

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Primecoin

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Bitcore

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Mining

Mine Dogecoins every minute, Directly to your faucethub

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