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Bitcoin Mining

Bitcoin first came into circulation in 2009 – almost 8 years ago. During that short period, the Bitcoin has grown into an extremely strong currency. Currently, it is trading at values higher than gold in the market.

Those who have experience of the market would know that it’s a great time to accumulate digital currency and gold bullion on daily basis.

However, people who lack the experience of the market are going to find it extremely difficult. If you are new to the currency and looking for a way to garner gold bullion, here are some methods that you can use.

Start with Finding a Company That Sells Bullion:

finding a company that sells gold bullion is no big deal. Just do a simple Google search and several gold-bullion-selling companies will pop-up in search results. However, finding one that offers an incentive program to its clients can be a tough nut to crack.

While on the hunt, you should be searching for a company that offers much more than just selling gold. It should be renowned for selling quality products, selling billions in small grammage (1gm, 2.5gm, etc.).

Gold that is being sold must be 24 karat gold; which is the highest quality for gold products.

The advantage of an incentive program is that the company offers special commissions to the clients who refer people to the company.

Get A Bitcoin Wallet:

A Bitcoin wallet address is equivalent to having a bank account for cash. The difference is that it is only used to store bitcoins and make bitcoin transactions with other users.

There are several Bitcoin wallets available to users. Copay, Xapo, Green Address are few to name.

While choosing a wallet, look for a company that offers an offline vault to protect those coins. This is because storing Bitcoin is never safe and the wallet is always vulnerable to hackers trying to steal your digital currency. On the other hand, offline storage keeps your coins fully protected.

Don’t forget to read our guide on what are the safest Bitcoin wallets, and also how to secure a Bitcoin wallet.

Start Mining:

There are two ways of bitcoin mining – online mining and offline mining. Online mining is pretty simple as all you have to do is to join a bitcoin mining farm. However, there’s a danger that comes with theses farms: scammers.

The scammers falsely claim to have a mining form and invite users to join it. The sole purpose of scammers is to steal your coins. So be cautious while choosing an online form.

In offline mining, the user is required to buy a bitcoin miner which is a computer hardware. The computer is set up at home and the user is required to connect to the internet to start mining.

The coins mined through this technique are then automatically sent to his online bitcoin wallet.

Want to start mining? Learn how to set up a Bitcoin miner.

Lastly – Purchase the Gold Bullion:

Now that you have a permanent & easiest way to get bitcoins, you are ready to buy gold bullion. However, there is a specific way that needs to be followed to make the purchase.

The buyer needs to link his Bitcoin wallet to visa card which is offered by his bitcoin wallet company. The card is then used to purchase the bullion.

Good luck with your purchase.

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Bitcoin market value

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Cryptocurrency enjoys a notable increase in its price. Especially when it crosses the gold and dollar price. It became the center of attention to the media and another financial sector. Recent price of bitcoin is,

Bitcoin market value

We know that bitcoin market value varies from time to time. Its price is not stable. Which factor is contributing in price fluctuation of the bitcoin? How they create a positive or negative impact on the users. In this article, we will discuss the factors creating the strong impression on a price of the bitcoin.

Government rules & regulation

When government regulates the bitcoin, it declares whether bitcoin is legal or illegal. If it is legal by the government, they will guide people on how to use bitcoin.

There is a large group of people who afraid of government regulations. Whereas, the government controls the circulation of digital currency in the country. They are not able to decrease the amount of money but they have the ability to generate more money. Bitcoin store in wallet addresses. In addition, Which is being the cause of rising in the value of bitcoin.

Now, the scenario is that government declare that only they will mine cryptocurrency. And, only government’s currency will legal in the country. Accordingly, we have the situation od currency same as before cryptocurrency. The government will have the authority to mint all money and shut down the system. Furthermore, they can change the code for more currency mining when. There is a lot of scary things like above discussion. That is why people get afraid of these new regulations.

People who are in favor of bitcoin regulation will buy more bitcoin. Whereas, who are afraid of government regulations might start selling of bitcoins in the response to the news like NYDFS BitLicense. That is a factor of government regulation.

Shopper  

When people use bitcoin as a currency. They show to the world that they admire the credibility of the bitcoins. People do transactions including sale and purchase with bitcoin. The companies like Dell, New Egg and much more allow its customer to purchase their products pay in bitcoin. In addition, Xapo introduces a new credit card to spend with bitcoin market. Even though shoppers don’t have the direct influence on price. Indirectly or directly they help to spread bitcoin around the world. Therefore, shopping factor of the bitcoin has offered a large market with no short-term influence.

Mining

All the transactions of bitcoin are because of the bitcoin mining. The network is secure because the more miners, the network will be more secure. Where no one owns the 51% of the network. A 51% attack is only possible in case of one entity own all mining power on a network. Basically, 51% attack is potential panic selling. Which being the factor of bitcoin price decrease in value. Some miners keep saving their bitcoin while other cash it out.

News  

News is the most effective part of any society. People who read news can also have an ability to act on it. For example, if a person has 51% mining power on the network. And, this news spread from a television channel. In addition, the reaction of the people regarding bitcoin value will entirely change. Few of them get panic and sell their bitcoin and other will try to overcome this difficulty. This factor of news provides articles to the public about the fluctuation of bitcoin prices.

Dumping to fit

For example, a business wants to sell a number of bitcoin to pay business expenses. In addition, they don’t want to own the bitcoin. This discarding will tend the bitcoin to depress state. It all depend on the company’s capacity of selling bitcoin. This factor is basically a depression in the bitcoin value.

Selling on exchange

If a person has 1000+ bitcoin and sells them in exchange, a price of the bitcoin decrease automatically.

Buying on exchange   

The number one thing that influences the value of a Bitcoin is how much someone is willing to pay for one Bitcoin, of course. When you place an order on an exchange in order to buy Bitcoin, you decide what is the value of a Bitcoin to you. The more people who are willing to buy Bitcoins, the greater the chance for an increase in the overall value of a Bitcoin. Sellers sell to the highest bid price first, so whoever is the highest bidder at the moment, is the one who decides the value of a Bitcoin at the moment.

The Bitcoin price factor of someone buying Bitcoins on an exchange is always a rise in the value of bitcoin.

Good luck!

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Earn Bitcoin Through Games – How To Earn Bitcoin By Playing Games

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earn money by playing bitcoin games

As a kid, I love to play games, online games, upload the games or even buy games CDs or DVDs to release all frustration and tension build up within a week. That time I had a dream, would it have been possible that we earn money by playing games? I spent all of my childhood wondering on this one question. Then I grew up and technology proved to me that I can earn money from games.

We already know that bitcoin asserts itself in all over the world. People accept it, make transactions by using bitcoin. Here the question arises that is, we can earn Bitcoin through game??? Really?

Yes, we can. If you are playing online games, why you don’t try to earn money while you are sitting at home. Here are some tips to convert your gaming habit to little earner. Let me clear one thing, if you are a professional gamer then you can think about earning from games. Moreover, if you are playing games as a fun then don’t think about earning from games. Many websites offer to play games and make money, but be aware of scams. They just want your money from you. So, play the games from a well-reputed site and make yourself and your money secure from scams. Here are some tips to help you in making money.

Earn Bitcoin playing games:

Game Testing:

I wanted to do as a child, wanted to play games all day. Most of the gamers will do agree with me. So, this is not difficult to become a game tester. Basically, Game testing or play testing is same. where large game companies employ video game player and inform the problem they discover in the game.

Become a game tester is not a big deal. They offer low salary package to you and within few month. You will get bored. For example,

A gamer tester said that if you like to play basketball, and playing 12 hours per day. Then within two months, you’ll get bored of that game. Same as with game tester.

Gold Farming:

It may be new for you but professional games players have enough knowledge about farming gold because this is one of the best ways of earning money.

Basically, gold farming is the buying and selling of the items for game’s currency. You’ll be able to grow your character and keep going with your game. Where you can find, and sell it for real money. This is farming, gold farming.

Monetizing on YouTube:

In this process, you have to maintain a YouTube channel, and YouTube allows you to monetize. Video recording of you game played will be uploaded. One thing you have to keep in your mind is, a video should be with running commentary not you are just playing a game with silent mode.

By playing Bitcoin games you can earn money. But be aware of scams. GOOD LUCK!

Tags: Bitcoin earning games.

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What Are Top 5 Proxies To Access .Onion Sites Without Tor Browser?

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Tor Websites or .onion can’t be simply accessed by the mainstream browsers such as Chrome, Firefox, Safari, etc. Your Internet connection needs to connect with a tor network to open a .onion site. However, the Internet Service Providers or ISPs often square access to tor network or a user who they think might be willing to get to the .onion site without associating with the tor network (Tor bundle).

In this situation, Tor Proxies come handy – Tor Proxy sites let you access .onion site or connections without expecting you to associate with Tor network or install Tor on your PC.

In this manner, you are totally anonymous and subsequently, can access .onion websites over a normal search engine/browser. Down below are the Top 5 Free Tor Proxies through which you can unlock .onion sites without Tor:

Related: A Beginner’s Guide to Tor

  1. *.Onion.to

 

A hidden service gateway to unlocking deep web on a normal browser. To use this proxy, all you need to do is append .to at the end of the onion URL at your regular browser and the site will load without any issues.

e.g. if the onion link is xyzypuo.onion; just add .to at the end of URL and the site will become accessible on your browser.

Related: How to use tor browser on iPhone?

 

  1. *.Onion.nu

 

Another proxy service, just like .onion.to. to access any onion site via this proxy network, just add .nu at the end of URL and your favorite onion site will be no more locked.

 

e.g. xyzypuo.onion.nu

  1. *.Onion.cab

To use this proxy, type http://onion.cab on your normal browser. Once the site finishes loading, type any of your favorite .onion URL inside. You can also unlock Tor sites without having to go to above-mentioned link by simply appending .cab to any onion URL you wish to visit.

e.g. dirnxxdraygbifgc.onion.cab

Related: What are Onion Sites And How To Access Them?

  1. HiddenService.net

Another alternative proxy which lets you access Tor sites without having to install Tor browser on your PC. You can either visit  http://hiddenservice.net to search those sites or add .hiddenservice.net to the original onion link to unblock the site.

E.g. dirnxxdraygbifgc.hiddenservice.net

Note – (While using this service, .onion is removed from the link and is replaced with hiddenservice.net)

  1. Tor2Web.org

Pretty similar to .onion.to. The service is very unstable on tor2web.org. However, if any of the above-mentioned proxies fail, tor2web.org could be your best option to access Tor sites.

Good luck with your deep web venture!

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What Are Some Bitcoin Scams and How to Avoid Them?

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Some Bitcoin Scams and How to Avoid Them

Scams have been part of human history. Ever since the beginning of currency, people have been trying to defraud each other. And with the advancement of technology, the scamming tricks have also become more raveled.

When it comes to currency related scams, Bitcoin tops the list. The currency is relatively new but holds incredibly high value in the market. Moreover, generating personal bitcoins is extraordinarily hard. So, the scammers use different techniques to steal hard-earned coins of other users. (Want to earn some bitcoins, here is everything you need to know about how to earn Bitcoin fast and easy).

Here are the most common scams that the bitcoin users should be aware of.

Scenario #1 – Wallet Scams:

If you are a bitcoin user, you would know that a Bitcoin wallet address serves the same purpose as a traditional bank account. The difference is that it is used to store bitcoins – and not the fiat money.

Since Bitcoin is all about anonymous transactions and the anonymity is gained through bitcoin wallets, the scammers hit this feature particularly by developing fake wallets.

Then they try to sell these wallets to users with a promise of 100% anonymity. The program initially seems to be working fine. But to your surprise, the trickster behind the scenes has been transferring coins from your wallet to his own without giving away a single hint.

So, being a Bitcoin user, it essential to acquire a wallet from trustworthy sources.

Scenario #2 – Scam Through Ponzi Scheme:

One of the most common Bitcoin scams. In Ponzi scheme, the con artist promises high-interest rates on deposits you make.

People who join the scheme early are paid out using the money of those coming in later. This goes on until the point where there are no more new entries.

Once the entries stop, the payments also stop and users start realizing the losses.

Scenario #3 – Bitcoin Exchange Scams:

Bitcoin scam exchanges sell the cryptocurrency at current market rates. Most of the exchanges working out there are genuine and possess now security threats to users. However, a small portion of exchanges does not work that way. Their sole purpose is to steal the digital currency and fill their own pockets.

Such exchanges charge extremely low fees when a customer is looking for credit card processing. However, after the card is processed, all the money is gone and the user is left with no bitcoins.

So, don’t always go with the cheaper options.

Read our guide on what are the biggest Bitcoin exchanges in the world to trade safely.

Scenario #4 – Phishing Scams:

The scam involves users receiving fake emails – stating that they have been awarded or have won bitcoins. But to receive the reward, they are asked to reach their wallets through the link given in the email.

DO NOT CLICK THAT LINK – or you will end up losing all your coins.

Conclusion:

These are some common scams that go around in Bitcoin world. All it takes is a bit of common sense to realize true intentions of someone you are dealing with. And if you are just starting your bitcoin venture, it’s necessary that you are aware of these bitcoin scams and know how to tackle with the tricky situations that may arise during a transaction.

Tags: Bitcoin wallet scam

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