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Win upto $200 in Bitcoins every hour, no strings attached! Multiply your bitcoins, free weekly lottery with big prizes, 50% referral commissions and much more!
What is Bitcoin Mining?
What is Bitcoin Mining?
Bitcoin Mining is a peer-to-peer IT process used to secure and verify bitcoin-payment transactions from one user to another over a decentralized network. Exploration involves adding bitcoin transaction data to the global public record of past Bitcoin transactions. Each transaction group is called a block. The blocks are secured by Bitcoin miners and build on each other forming a chain. This ledger of past transactions is called the blockchain. The blockchain is used to confirm that transactions to the rest of the network have taken place. Bitcoin nodes use the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend parts that have already been spent elsewhere.
What is the proof of work?
Bitcoin Mining is intentionally designed to be resource-intensive and difficult, so that the number of blocks found each day by the miners remains stable over time, producing a finite monetary supply controlled. Individual blocks must contain proof of work to be considered valid. This proof of work (PoW) is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses a PoW function to protect against double spending, which also makes the Bitcoin registry immutable.
How does the mining industry create new bitcoins?
The main purpose of the exploration is to allow Bitcoin nodes to reach a secure and tamper-proof consensus. Mining is also the mechanism used to introduce bitcoins into the system. Minors are paid transaction fees and a grant of newly created coins, called block rewards. This serves both to distribute new parts in a decentralized way and to motivate people to ensure the safety of the system through mining.
bitcoin mining
Mining is the process by which Bitcoin transactions are secured. To this end the miners perform with their computer hardware mathematical calculations for the Bitcoin network. As a reward for their services, they collect newly created bitcoins as well as transaction fees that they confirm. Currently this reward is 12.5 bitcoins per block. It is halved every four years or so.
Minors (or miners' cooperatives) compete and their incomes are proportional to the computing power deployed.
"To describe the mining, we could use the example of a huge sudoku contest where participants start a new grid as soon as someone finds a solution, and whose difficulty is adjusted so that on average a grid is resolved every ten minutes. Imagine a giant grid of sudoku, with many thousands of rows and columns. It would be easy enough to check that a completed grid is full. But [...] it will take a lot of work to finish! The difficulty of grids can be adjusted by changing their sizes, [...] but they can still be easily checked even if they are very large. The puzzles to solve in the bitcoin network are based on cryptographic hashes and have the same characteristics as these sudoku grids: they are very difficult to solve but it is very easy to verify that a solution is good, and their difficulty can be adjusted. - Andreas M. Antonopoulos.
what is okex?
Introduction to OKEx.com
OKEx (www.okex.com) is one of the most popular digital asset trading platforms around the world. The core team of OKEx consists of people from world-recognized companies such as Alibaba, Tencent and Huawei. We believe the core principles of Bitcoin, the blockchain, the distributed ledger, and smart contracts can reshape the ways in which people trust each other. This transformation will eliminate barriers to transactions, increase the efficiency of transactions across society, and eventually have a significant impact on the global economy. Because of this, we have foregone handsome salaries elsewhere and devoted ourselves to the blockchain technology revolution. By doing this, we hope to achieve something that may change the world. At the very beginning of its existence, OKEx gained millions of US dollars worth of angel investments from VenturesLab, co-founded by the globally recognized Tim Draper who similarly invested in leading companies such as Hotmail, Baidu, and Tesla. In early 2014, We received an investment of 10 million US dollars from China’s famous venture capital fund Ceyuan and Longling Capital, owned by the founder of the Hong Kong listed company Meitu (01357.HK).
OKEx technical introduction
OKEx has adopted advanced technologies such as GSLB, distributed server clusters, distributed storage, and a high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, and hot wallets with offline private keys. Our safe, stable and reliable digital asset trading services are delivered to our customers via web interface and mobile app. For better servicing every customer, we are continuously listening to their kind new suggestions and requests to improve our products and services. We will never stop to innovate and improve on our customer experience.
what is Binance?
This platform has all the criteria that we want to see on a top exchange: a clean and functional interface, an extremely fluid platform that can manage up to 1,400,000 orders of purchases and sales per second, a professional and dynamic team that constantly innovates, responsive and efficient support, very low transaction costs.
Base fees are set at 0.1% per transaction which is very low compared to the competition. Better yet, if you have Binance Coin (BNB), the platform token, you will pay the fees directly in BNB and they will be divided by two, or 0.05% per transaction.
One of the only negative points of this exchange is that it does not allow to set stop-loss. It is therefore not possible to set up an automatic buy / sell order if the price of a token reaches a certain price.
what is bleutrade?
We are Bleutrade, a real exchange, created by real people, who love what they do and who are passionate about innovative technology of cryptocurrencies.
Bleutrade is developed by Felipe McMont and Rodrigo Henrik, respectively CEO/CTO and COO/CMO of exchange. Together, has been working since 2013 in the development of Bleutrade, an agile, robust and secure system, because our focus and goal is the total satisfaction of our customers and users and security of your goods.
Launched simultaneously in several countries on March 21, 2014, the Bleutrade enters the Exchange cryptocurrencies market, aware of all the challenges they will face. The biggest one, is undoubtedly win the trust and confidence of each individual involved in the cryptocurrencies market.
Bleutrade is developed by Felipe McMont and Rodrigo Henrik, respectively CEO/CTO and COO/CMO of exchange. Together, has been working since 2013 in the development of Bleutrade, an agile, robust and secure system, because our focus and goal is the total satisfaction of our customers and users and security of your goods.
Launched simultaneously in several countries on March 21, 2014, the Bleutrade enters the Exchange cryptocurrencies market, aware of all the challenges they will face. The biggest one, is undoubtedly win the trust and confidence of each individual involved in the cryptocurrencies market.
Extra Security - We give full attention to the safety of our users and their transactions.
Worldwide - We connect people around the world through digital currency transactions.
Easy to Use - The use of our platform is very easy and intuitive, anyone can make a trade.
Relationship - We excel at relationships with our customers.
And much more...
• Trade Crypto2Crypto
• Real-time Trading
• Low Fees (0.25%)
• Hundreds of trades per minute
• Resistant to DDOS attacks
• Trade 55 cryptocurrencies
• Possibility to trade 1485 pairs
• Decentralized storage
• 95% Cold storage wallet
• Light as a feather system
• Encrypted SSL connection
• Real-time backup
• 100% Decentralized
• Fast support (Less than 1 hour)• Two-Factor Authentication (Google)
what is Bitfinex?
Change (USD - bitcoin) This is a classic trading platform. Namely: to deposit USD you must make an international transfer and comply with the policy AML / KYC * platform, this can sometimes be painful. However, to file bitcoins there is no formalities.
Margin trading (Using the leverage to trade) By borrowing you can trade with higher capital and thus increase your profits (or losses). I will not develop this feature because I do not have any expertise in bitcoin trading. Contact us if you wish to write an article about trading 🙂
Liquidity provider (To become the bank) To be able to use the leverage, the traders must borrow funds. By becoming a "Liquidity provider" You will lend your bitcoins or your USD to traders. As a security measure, traders can not withdraw funds from Bitfinex, they can only use them to trade. In addition, you are not exposed to BTC / USD exchange rate risk. Bitfinex ensures that the trader is always able to repay you.
Faucet Bitcoin-what is HitBTC?
If you have not bought Bitcoin yet, you can follow this tutorial to buy your first Bitcoin with CoinBase.
On HitBTC, you can not buy directly with your Euros (or Dollars), but you can deposit Bitcoin or any other Cryptocurrency available on Binance and then redeem it for other currencies
There are several benefits to using HitBTC:
- Transaction fees are low (0.1%)
- The site is easy to learn, with a simple interface.
- A wide variety of Cryptocurrencies avail
what is Xapo?
Xapo is a bitcoin wallet, offering in addition the purchase of bitcoins in dollars. A "safe" is also included in the service.
Xapo also offers payment cards for merchants who accepts it (limit of 300EUR payment per day, but not limitation on the number of transactions). For the moment, the distribution of payment cards is on a "first come, first served" basis.
A mobile application is available (for iOS and Android).
This portfolio accepts bitcoins and $
With Xapo is primarily an online, classic wallet. You can receive bitcoins or send them to your contacts. But more than that, you can use a credit card and pay at a store accepting Visa cards with funds available on your wallet Bitcoin.
Xapo explains that the physical payment in bitcoins will quickly develop and is the first to systematize it.
Xapo is a start-up located in Palo Alto, California, it was created by an Argentinian entrepreneur Wences Casares. It offers a secure online wallet service similar to Coinbase, with an iPhone and Android app.
The company had been talked about in 2014 with an innovative project of international debit card to settle in bitcoins. It has become a reality today.
The Bitcoin Xapo card with immediate debit can be used in all shops. With this card you can pay in bitcoins wherever credit cards are accepted. For merchants the service is imperceptible since bitcoins are automatically converted into the requested currency.
This credit card costs only $ 20 and is sent from Gibraltar within 10 days of placing an order. With Xapo you can also buy bitcoins directly in your wallet. Just pay with an international transfer.
Xapo also offers payment cards for merchants who accepts it (limit of 300EUR payment per day, but not limitation on the number of transactions). For the moment, the distribution of payment cards is on a "first come, first served" basis.
A mobile application is available (for iOS and Android).
This portfolio accepts bitcoins and $
With Xapo is primarily an online, classic wallet. You can receive bitcoins or send them to your contacts. But more than that, you can use a credit card and pay at a store accepting Visa cards with funds available on your wallet Bitcoin.
Xapo explains that the physical payment in bitcoins will quickly develop and is the first to systematize it.
Xapo is a start-up located in Palo Alto, California, it was created by an Argentinian entrepreneur Wences Casares. It offers a secure online wallet service similar to Coinbase, with an iPhone and Android app.
The company had been talked about in 2014 with an innovative project of international debit card to settle in bitcoins. It has become a reality today.
The Bitcoin Xapo card with immediate debit can be used in all shops. With this card you can pay in bitcoins wherever credit cards are accepted. For merchants the service is imperceptible since bitcoins are automatically converted into the requested currency.
This credit card costs only $ 20 and is sent from Gibraltar within 10 days of placing an order. With Xapo you can also buy bitcoins directly in your wallet. Just pay with an international transfer.
Faucet Bitcoin-what is Coinbulb?
In the same category as BTCtoclick and many others, Coinbulb pays between 0.00260 mBTC and 0.00060 mBTC per click.
Each member can also increase the visibility of their referral link through Coinbulb's advertising campaigns.
Withdrawals are from 0.5 mBTC or
The advantage with Coinbulb is at the level of sponsorship where we find high rates on the value of clicks of referrals.
STANDARD members get 80% of click value from their referrers and PREMIUM members, 120% of click value from their referrers.
To become a PREMIUM member
30 days PREMIUM: 4 mBTC
60 days PREMIUM: 7 mBTC
90 days PREMIUM: 10 mBTC
180 days PREMIUM: 18 mBTC
80% for sponsoring as a STANDARD member
120% for referral as a PREMIUM member
Earn Cryptocurrency
You earn points that are credited in cryptocurrency
either by competing offers
by answering polls
watching videos (EngageMe)
completing tasks
Transaction fees are zero when you withdraw the requested minimum
You earn 10% of the earnings of your referrals
what is bitfun?
Site in Bitcoin including games, Dice, offer and faucet.
It seems that the team that manages it is the same as moonbitcoin, moondogecoin and moonlitecoin, all good if confirmed!
You can claim at any time, however the minimum time is 3 minutes
Here is a charter (it varies according to the value of the Bitcoin)24 satoshi after 3 minutes
36 satoshi after 5 minutes
67 satoshi after 10 minutes
92 satoshi after 15 minute
FreeBitcoin - The faucet that can make big money
You can also multiply your Bitcoin in the multiplyBTC game.
The site also has a weekly lottery allowing you to win up to about 2 BTC if you have the first prize and reward points allowing you to get bonuses or other gifts.
You finally get an interest of 0.01% per day (about 4% per year) on the bitcoins you leave on your account (subject to having a minimum of 30,000 satoshis).
They also pay you 25% referral commissions on any interest earned by your referrals!
We can also share earning for referrals, that is to say a small gift to thank your godchildren.
3 payment methods are available: instantly (less than 15 minutes) with charges of approximately 23,340 satoshis, manually (payment between 6 and 24 hours) with approximately 775 satoshis of fees and automatically every Sunday in your wallet provided you have at least 30,000 satoshis
It is now also possible to mine Bitcoin with your CPU directly on the site via your internet browser (Attention Adblock must be disabled).
This option is currently in test and is not yet available to all.
Registration is simple, enter your Bitcoin address to receive your payments.
BITCONNECT LTD was registered in 2016 in Great Britain.
The ICO ran from November 15 to December 31, 2016.
BitConnect for Bitcoin are the apps, and the Android BitConnect app appeared in March.
It should be noted that March 2016, BitConnect saw itself as a community that aims to popularize Bitcoin.
However, in a few months the information on their website has been changed; BitConnect introduced itself as a business and offered its own currency.
TECHNICAL CHARACTERISTICS
Distribution of chips
The number of BCC is limited to 28 million, as of October 15, 2017, there were 8.2 million pieces.
4 million chips issued by the ICO.
The remaining BitConnect parts are distributed through the combination of Proof of Work (PoW) and Proof of Stake (PoS) algorithms:
As soon as the number of blocks in the blockchain reached 262,800, PoW stopped working. On October 15, 2017, there were 197,951 blocks. A reward of 10 BCC is given for each block created.
Then the work of the blockchain will be supported by the PDS. The maximum number of coins is 20.4 million. Evidence of implementation of a flexible payment system.
The first 6 months mean the monthly reward of 10% of funds that have settled in the user's wallet.
Every 6 months thereafter, the payment will be reduced to 8%; 7%; 5%; 3% and 1.4% correspondingly.
Technical characteristics
The Scrypt hash algorithm is used here. The block building speed is 2 minutes.
Transactions are made between users without an intermediary
Transactions are verified by network nods
Exploration is done with a BitConnect portfolio
The use of a video card (GPU) and a CPU (CPU) is possible.
Protection is provided by a hybrid algorithm consisting of proof of work (PoS) and proof of implementation (PoS)
Specificities of use
Cryptocurrency is used within the community: coins are difficult to exchange, they are accepted / supported by a limited number of platforms.
BitConnect can be used as:
1. Long-term investment. The strategy of buying BCC for market speculation or investments in the growth of the coin rate can be rarely achieved.
2. Means of loan. The system design creates incentives for users to keep money in e-wallets. The creators of the currency inform investors in their promotional videos about the presence of BitConnect's own trading robot, which changes on BCC's internal exchange. The coins are used to pass the offers.
It is necessary that:
Replenish your account with Bitcoins
Buy BitConnect parts, loan them to the commercial robot. To this, the amount of BCC is given in US dollars.
The money on the account is frozen for 120-299 days
Interest is accumulated in the amount held in the portfolio (up to 30% per month)
Interest can be reinvested or withdrawn
PERSPECTIVES
The roadmap on the project website ends in November 2017, which explains why future developer plans are not known.
The portion of BCC in the volume of general transactions in the cryptographic currency market is approximately 0.1%; However, a rapid growth in the popularity of BitConnect can be noticed:
1. During a year of work from the plate-shape, it has been successful in attracting 50,000 users
2. In Crypto Idea Scoring, BCC is in 11th place, although it was launched less than a year ago
3. The general capitalization of BCC is over 1.2 billion
