Whats up there,  
  
This is my very first article here so hopefully this gets approved, I'm going to share some factors about bitcoin and blockchain.  
  
For those 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 government, it is basically a virtual currency and might be bought on-line using real money.So then apart from being a decentralized currency what are its advantages, well you possibly can transfer bitcoin wherever in this world without much fees, you can be 100% anonymous while doing transactions thanks to a technology called blockchain.So then what's the big thing about this you could ask, well let me let you know when it first launched it has completely no worth however now 1 bitcoin = 6,689.35 $ that's some fairly spectacular growth is not it?.  
  
So how does this thing develop you may ask, well let me let you know how to sustain a blockchain there should be something called a ledger where all the transaction needs to be noted and to change into a block in a blockchain a hashing perform needs to be solved and producing bitcoin by solving hashes are called Mining Bitcoin.  
  
To resolve the hashing operate typically people used graphics cards but as time passed by bitcoin acquired more tough to mine and dedicated hardware called ASIC miners were introduced.  
  
So individuals who spend their money and time to mine bitcoin will be rewarded in bitcoins and as more and more people develop into part of this blockchain its worth will increase.  
  
so how can I make money with bitcoin, there are two ways  
  
1.you'll be able to trade bitcoin/altcoin(any cryptocurrency other than bitcoin is called altcoin, sure there are millions of them)  
  
2.you possibly can mine them on your own  
  
Both of these strategies have their own advantages and disadvantages, because bitcoin is controlled by nobody it is extraordinarily unreliable at some point it may be value 10,000$ and the subsequent day it could drop to a hundred$. Trading essentially means buying 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 may find yourself dropping money somewhat than making any profit.  
  
Otherwise you may select to mine bitcoins, but here's what it is best to consider, mining hardware is super expensive and mining requires a number of electricity,additionally mining difficulty is getting higher each day so you won't be able to get some profits without high initial investment.  
  
That being said bitcoin trading and mining are two good ways to make money if you know what you're doing.  
  
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