tag:blogger.com,1999:blog-52387567197873273032024-03-13T23:14:54.315-07:00Bitcoin Operating System Unofficial news and tips about |BitCoin| |LiteCoin| |DarkCoin| |DogeCoin| All virtual currency......Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-5238756719787327303.post-53637854757046151812014-09-30T04:55:00.002-07:002014-09-30T04:55:45.367-07:00Paypal To BitCoin Exchange <div dir="ltr" style="text-align: left;" trbidi="on">
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We all know that Paypal is one in every of the trusted still as popular routine for online transactions currently. Paypal is all over currently as several merchants and traders have adopted it amicably. Bitcoins are another medium creating|of creating|of constructing} on-line transactions making an area within the market. It means Bitcoins is an another kind of digital currency which depletes the necessity of using physical or hard money. However, there's one question that is extremely closely related to bit Paypal and Bitcoins i.e. a way to obtain bitcoins with Paypal?<br /><br />People who have used Bitcoins and Paypal says that it's extremely terribly arduous to bring home Bitcoins by exploitation Paypal. If we tend to take a look at the previous data of shopping for Bitcoins via Paypal folks has Janus-faced several inconveniences. Even there square measure several merchants that don't settle for Paypal. the rationale behind this behavior is rehashed things wherever somebody pays for Bitcoins with Paypal, gets Bitcoin so fraudulently whines to Paypal that they ne'er received the coins. it's same that Paypal over and yet again Paypal favors fraud merchants thus most of Bitcoin trades can treat this method as a pool of duplicity.<br /><br />However, that doesn't mean that you simply cannot obtain Bitcoins with Paypal and sell them at a high worth for e.g. localbitcoins, ebay etc. the solution to question of the {way to|a way to} obtain bitcoins with paypal square measure through 2 mediums Virwox and CoinMama – the draw back is higher commision that you simply ought to pay – however its out and away the simplest way to obtain bitcoins exploitation Paypal or Credit cards:<br /><br />To learn a way to obtain Bitcoins with paypal via Virwox following square measure the requirements:<br />
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To learn how to buy Bitcoins with paypal via Virwox following are the requirements:<br />
– <a href="https://www.virwox.com/?r=1a6a7" target="_blank"><span style="color: red;"><strong>Visit the website Virw</strong></span><span style="color: red;"><strong>ox</strong><strong>.com</strong></span></a><br />
– Register for an account on that website.<br />
– Then, add funds to your Virwox account via Paypal<br />
– Buy Linden$ (SLL) with USD/EUR<br />
– Buy bitcoins with your linden$ (SLL)<br />
– At least send your Bitcoin to your wallet.<br />
We have Created a tutorial to explain the process – you can click on the images to enlarge them:<br />
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<strong>Step 1:</strong> Visit the official website of Virwox and
register for an account. You need to ignore the message “your avatar
connection has not been validated yet”.<br />
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<h2 style="text-align: center;">
<span style="color: red;"><a href="https://www.virwox.com/?r=1a6a7" target="_blank"><span style="color: red;"><strong>Click Here To Buy Bitcoins with Paypal & Credit Cards using Virwox.com >></strong></span></a></span></h2>
<a href="http://www.deepdotweb.com/wp-content/uploads/2013/11/1-virwox-home.png" rel="lightbox"> <img alt="Virwox Home" class="aligncenter size-full wp-image-1827" height="243" src="http://www.deepdotweb.com/wp-content/uploads/2013/11/1-virwox-home.png" width="678" /> </a><br />
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<strong>Step 2:</strong> Click on Deposit on the sidebar:<br />
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<a href="http://www.deepdotweb.com/wp-content/uploads/2013/11/2-virwox-deposit.png" rel="lightbox"> <img alt="2-virwox-deposit" class="aligncenter size-full wp-image-1829" height="361" src="http://www.deepdotweb.com/wp-content/uploads/2013/11/2-virwox-deposit.png" width="615" /> </a><strong></strong><br />
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<strong>Step 3:</strong> Choose how you want to deposit your money – you
can use Paypal or Credit cards using Skrill payment, note: you can
only deposit limited amounts every 24 hours. the more successful
transactions you will have on Virwox.com – the more you will be allowed
to deposit every 24 hours. Be careful with the details you are entering
during Paypal and credit Cards payments – Since a failed transaction
will still be deducted from your daily limit (not the money of course –
just the ability to deposit)<br />
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<a href="http://www.deepdotweb.com/wp-content/uploads/2013/11/2A-Deposit.png" rel="lightbox"> <img alt="2A-Deposit" class="aligncenter size-full wp-image-1828" height="253" src="http://www.deepdotweb.com/wp-content/uploads/2013/11/2A-Deposit.png" width="513" /> </a><br />
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<strong>Step 4: </strong>Once you finished your deposit, you need to
convert the USD or EUR to SLL – some virtual currency used in the game
“Second Life” – just click the “place a sell order” or click the USD/SLL
on the sidebar:<br />
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<img alt="3-convert-tosll" class="aligncenter size-full wp-image-1830" height="306" src="http://www.deepdotweb.com/wp-content/uploads/2013/11/3-convert-tosll.png" width="640" /> <br />
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<strong>Step 5: </strong>Choose how many USD you want to sell in order to buy SLL with and click Next:<br />
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<img alt="4-buysll" class="aligncenter size-full wp-image-1831" height="287" src="http://www.deepdotweb.com/wp-content/uploads/2013/11/4-buysll.png" width="589" /> <br />
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<strong>Step 6: </strong>After Clicking next you need to confirm your order:<strong><br />
</strong><br />
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<img alt="5-place-order" class="aligncenter size-full wp-image-1832" height="214" src="http://www.deepdotweb.com/wp-content/uploads/2013/11/5-place-order.png" width="640" /> <br />
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<strong>Step 6: </strong>Now after we have converted our USD to SLL –
All that is left to do is to convert the SLL to BTC, just click on the
BTC/SLL button on the sidebar:<br />
<br />
<img alt="6-convert-to-BTC" class="aligncenter size-full wp-image-1833" height="257" src="http://www.deepdotweb.com/wp-content/uploads/2013/11/6-convert-to-BTC.png" width="640" /> <br />
<div style="text-align: left;">
<strong>Step 7:</strong> On the next screen just enter the mount of Bitcoins you want to buy using you SLL:</div>
<div style="text-align: left;">
<img alt="7-convert-to-BTC2" class="aligncenter size-full wp-image-1834" height="304" src="http://www.deepdotweb.com/wp-content/uploads/2013/11/7-convert-to-BTC2.png" width="640" /> <br />
<br />
<strong>Step 8:</strong> Now after your transaction was confirmed all
there is left is to to Withdraw your Bitcoins to your desired wallet,
just click the Withdraw link on the sidebar:</div>
<div style="text-align: left;">
<img alt="8-withdraw" class="aligncenter size-full wp-image-1835" height="376" src="http://www.deepdotweb.com/wp-content/uploads/2013/11/8-withdraw.png" width="640" /> </div>
<div style="text-align: left;">
<strong>Step 9: </strong>Enter the amount
of Bitcoins you want to Withdraw, enter your Bitcoin wallet Address and
click – “Request Withdraw”, Note: on your first time there might be a
48 hours delay until your bitcoins will be sent – to prevent frauds, but
from the second time, the Withdraw will be instant and usually takes 1
-2 till it appears in your wallet, and it can be traced instantly in the
Blockchain.</div>
<div style="text-align: left;">
<img alt="9-withdraw-btc" class="aligncenter size-full wp-image-1836" height="309" src="http://www.deepdotweb.com/wp-content/uploads/2013/11/9-withdraw-btc.png" width="640" /> <br />
To sum up – This is the easiest way you can find to buy bitcoins using
paypal and credit cards – the only disadvantage is the fees (Papal fees,
Lower rates for BTC & SLL) but in case you want your bitcoins
instantly – this is the perfect solution.</div>
</div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com20tag:blogger.com,1999:blog-5238756719787327303.post-75816769671449082822014-09-26T00:46:00.002-07:002014-09-26T00:46:51.455-07:00Earn Coin Along Your CPU Processor<div dir="ltr" style="text-align: left;" trbidi="on">
Ways to earn cash along with your pc processor<br /><br />Although not associated with Bitcoin, these services area unit almost like mining the digital currency. rather than victimization pc power to mine Bitcoins, you sell your idle processor power to corporations like these, WHO sell it to alternative corporations and establishments WHO use it to unravel complicated tasks. it's like turning everyone's pc into a mainframe.<br /><br />If i will be able to tell you that you {just} will build cash whereas sleeping or while not doing just something, can you beleive? clearly NOT. There area unit thousands of scams out there in web world WHO harnesssed this sentence to deceive yearning users such a lot that nobody need to trust if there area unit extremely some ways in which to form cash on-line while not simply doing doing something.<br /><br />But, TechGYD.COM was created to serve you real, operating and powerful tricks to form your life easier, and to not deceive you in any manner. So, these days we tend to area unit telling you some real ways in which to form cash onilne by simply turning your laptop ON and sit back.<br />Make cash Onilne - whereas Sleeping<br /><br />Make cash Onilne – whereas Sleeping<br />How is that this possible?<br /><div class="separator" style="clear: both; text-align: center;">
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<img alt="Make Money Onilne - While Sleeping" class="size-full wp-image-6465" height="272" src="http://cdn.techgyd.com/31-300x272.jpg" title="Make Money Onilne - While Sleeping" width="300" /></div>
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<div class="wp-caption aligncenter" id="attachment_6465" style="width: 310px;">
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Make Money Onilne – While Sleeping</div>
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<br />Yeah, this is often a clear question arising in your mind. And, we’re extremely happy to possess this question in your mind. Well, the services here i'm aiming to share uses idle time of your electronic equipment and pays you for a similar. They’re not paying you for gratis however paying to use your CPU’s computation power.<br /><br />So, though you're not putt any further effort to form cash during this approach, you’re truly serving to corporations by providing your CPU’s computaion power and they’re paying you for a similar. No worries, you’ll not get acquired free. :P<br />Let your laptop build cash for you<br /><br />Without taking abundant of some time, i'm serving you the trusty services that truly pays you for giving your CPU’s idle time.<br />1. Gomez PEER<br /><br />Gomez PEER could be a distributed computing code and also the most well-liked service individuals use to share there CPU’s idle time and build some cash. the web site provides you a secure java application that runs in backgrond and use your system’s unused resources like process power, RAM, bandwith to check the performance of the many of world’s most well-liked websites.<br /><img alt="71" class="aligncenter size-full wp-image-6460" height="281" src="http://cdn.techgyd.com/711.png" width="630" /><br />
<br />71<br /><br />There area unit over a hundred and fifty,000 people WHO area unit victimisation this service to form cash. sign in for gratis and facilitate Gomez PEER to form web a quicker, a lot of reliable tool whereas creating cash on your aspect.<br />2. Slicify<br /><div style="text-align: center;">
<img alt="slicify" class="aligncenter wp-image-6461" height="280" src="http://cdn.techgyd.com/slicify.jpg" width="574" /></div>
<br />Slicify is another trusty platform to sell your pc power and build some cash. If you've got a Windows laptop, you’re sensible to travel. simply sign in for gratis, transfer its free Windows code to loan your laptop on web once you’re not victimisation it. once somebody needs to use your pc, they book it through Slicify and pay you to rent it, anyplace from a number of cents to a greenback associate hour.<br /><br />slicify<br />3. CoinBeez<br /><br />CoinBeez is another cool startup that uses the similar approach to assist a number of their users to form cash whereas some alternatives to use other computer’s electronic equipment to perform severe computing task. in keeping with CoinBeez, they’re building a mainframe that fifteen,000+ users area unit providing them electronic equipment power, they clearly buy this. They rent their process power that they’ve collected to alternative corporations.<br />4. Digital Generation<br /><br />Similar to alternative service, this startup conjointly uses your computer’s idle time. As like traditional pc code, you put in Digital Generation’s code. Now, run this application and sit back. The app can run in backgound whereas victimisation your computer’s resources. you may not notice and performance decrement. All you’ll notice is “money augmented in your wallet”.<br />5. IPU Services<br /><div style="text-align: center;">
<img alt="IPU" class="aligncenter size-full wp-image-6462" height="183" src="http://cdn.techgyd.com/IPU.jpg" width="556" /></div>
<br />Idle Processor Utilization Service is obtainable on web from a protracted time, giving users reason to stay their laptop idle rather than turning it OFF once finishing task. The service has crosses over 100k users base. You EARN cash by merely downloading its method code, then going away your pc on. That’s it.<br /><br />No purchase is critical in any respect for you to earn cash. merely Register (below), and transfer the method code. That’s it.<br /><br />IPU<br />6. MQL five – Distributed Cloud Network<br /><em></em><div style="text-align: center;">
<img alt="mql 5" class="aligncenter size-full wp-image-6463" height="389" src="http://cdn.techgyd.com/mql-5.jpg" width="550" /></div>
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7. RUBLIK</h2>
<br />Directly from MQL5: “Today’s computers pay most of their time idle and don't use all the options of their electronic equipment. currently you'll have the benefit of the spare power of your laptop.<br /><br />You can sell your computer’s electronic equipment time to alternative members of our network community for a range of tasks like optimizing knowledgeable Advisors optimisation or developing mathematical models.”<br /><br />mql 5<br />7. RUBLIK<br /><br />Get paid doing nothing by change of integrity RUBLIK passive financial gain program. This service perform GPU mining (bitcoin mining) and use your electronic equipment for a similar. If you’re not acquainted with the words simply google “GPU mining” or “Bitcoin Mining” or browse relevant articles on wikipedia.<br /><br />Payment: $0.07 for one thousand solutions (no got to do something, simply activate the software).<br /><br />RUBLIK<br />Conclusions<br /><div style="text-align: center;">
<img alt="RUBLIK" class="aligncenter wp-image-6464" height="496" src="http://cdn.techgyd.com/RUBLIK.jpg" width="524" /></div>
<br />All of those services area unit well-liked and trusty. you'll use those services that suits you higher. many of us area unit earning passive financial gain victimisation this manner to form cash. So, it'd be nice for you to check any of those services check if you actually get benifited or not.<br /><br />By the way, you don’t perpetually needed to take a seat back ;) you'll perform alternative tasks on your laptop like browsing web site, taking part in games, finishing comes, etc. All higher than services uses applications that runs in background.</div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com5tag:blogger.com,1999:blog-5238756719787327303.post-21281293906253491492014-09-21T11:41:00.004-07:002014-09-21T11:41:57.102-07:00The Digital Currency Bitcoin Run Fast<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDzBtbw1RDRVREl0HTO9Liu3XE2NSAodv9NiEap0p3tDMvKZ2LXOnUEWCSZ6U86gassihnHKxhj2W6O1d12SAx7FgmNz6mVzHVGuhWT4wQM0nKYgC69Tt-1GmkLeQnIMjaCojGbwZVNIg/s1600/bitcoin-run-nov13.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDzBtbw1RDRVREl0HTO9Liu3XE2NSAodv9NiEap0p3tDMvKZ2LXOnUEWCSZ6U86gassihnHKxhj2W6O1d12SAx7FgmNz6mVzHVGuhWT4wQM0nKYgC69Tt-1GmkLeQnIMjaCojGbwZVNIg/s1600/bitcoin-run-nov13.png" height="171" width="400" /></a></div>
<b><span style="font-size: x-large;">O</span></b>NE doesn't typically realize $100m in one's tatty previous note-case. however that is simply what Mt Gox, the shuttered <span style="color: orange;"><span style="font-size: large;"><b>Bitcoin </b></span></span>exchange, says happened some days past. whereas Mt Gox has filed for bankruptcy in Japan and America, and at the start same that it had lost 850,000 Bitcoins (valued then at nearly $600m), it uncovered two hundred,000 (about $100m at today's rates) in an exceedingly noncurrent note-case that it thought was empty.<br />
<br />It looks like <a href="http://bitcoinsystem.blogspot.com/2014/09/the-digital-currency-bitcoin-run-fast.html"><span style="font-size: large;"><b>Digital Currency Bitcoin</b></span></a> square measure being looted endlessly. Flex-coin, a smaller service, had a big felony following Mt Gox's initial announcement, and opted to clean up though most of its coins were secured. Poloniex suffered an analogous fate to a bigger share of its client holdings however remains operating. China-based Vircurex last week exhausted its reserves following thefts in 2013 and froze withdrawals from older accounts because it makes an attempt to provide new revenue to repay lost coins.<br /><br />Beyond the problems of competence, security and accounting at exchanges giant and tiny, these losses highlight the difficulties of maintaining prepared access to currency that, not like tender, will exist in an exceedingly sense at the same time in several locations. Bitcoin depends on a secret: a non-public secret writing key that's, of course, simply a series of numbers, whereas a corresponding public key, which may be distributed freely and safely, is that the "address" to that transactions is also sent. Those numbers stay inert potential till they're used for a group action.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDYTONv4kNeCo6wlE0C7mszmkmzGw-IB4lvQfLOJz7lOzqbWy5ELH6nxVEn0TT93G2wr8xH9WNNaPJbAAPT0c2g4Qu_xdZeUsiryq3ONoM-ZtVQFMrfYl6-rB9_Zym19vvoTeRZJdxsgY/s1600/images3.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDYTONv4kNeCo6wlE0C7mszmkmzGw-IB4lvQfLOJz7lOzqbWy5ELH6nxVEn0TT93G2wr8xH9WNNaPJbAAPT0c2g4Qu_xdZeUsiryq3ONoM-ZtVQFMrfYl6-rB9_Zym19vvoTeRZJdxsgY/s1600/images3.jpeg" height="234" width="640" /></a><br />The public secret's wont to scramble different knowledge in an exceedingly manner that may solely be done by somebody in possession of the non-public key: therefore the wonder of Bitcoin and similar systems is that possession (but not identity) and security (defeating counterfeiting and therefore double spending) square measure wrapped into a similar group action once worth is transferred from one party to a different. however whereas the non-public key is not distributed, it should be shielded from discovery by Associate in Nursing unwelcome person into a system or somebody stealing Associate in Nursing actual physical device, like a USB stick or a laptop computer, that contains non-public keys.<br /><br />Possession of the key permits the currency to be for good transferred elsewhere. Loss of the key means that the permanent loss of the currency's worth, whether or not this happens thanks to onerousware failure (a dead hard drive), code failure (improper secret writing or knowledge corruption) or losing track of a positive identification or different implies that is usually wont to wrap the non-public key in its own layer of secret writing. (A short positive identification are often robust enough to be uncrackable, and is employed to unlock a way longer key that's then used for encrypting and decrypting a store of information, like emails, money records or a stash of personal keys.)<br /><br />This is a definite drawback with virtual currency. within the electronic ledgers that maintain bank and different balances, cash should be transferred between parties and prescribed for the corresponding worth to shift. whereas such thefts occur on a routine basis through hacked accounts and suborned insiders, money establishments facilitate the move and maintain records. With taken tender, notwithstanding the serial numbers were ne'er recorded and square measure untraceable, one should move sums around, which may be troublesome across borders or through airports.<br /><br />Thus with the convenience of movement, several surprise concerning the way to solve the requirement for personal keys to be promptly offered for legitimate Bitcoin transfers whereas minimizing risk. Exchanges and different participants within the system generally deem "hot" and "cold" wallets. A hot notecase contains Bitcoins (and probably different cryptographically protected currency) in pc systems that square measure directly connected to the web to perform routine transactions. Layers of intrusion hindrance and secret writing square measure meant to forestall keys within the hot notecase from being taken, but, as we will see, it is a routine prevalence, although not Associate in Nursing inherent flaw within the Bitcoin protocols. (With Mt Gox's recovered notecase, apparently a hot one, the firm having forgotten concerning the keys was nearly as good as them being destroyed.)<br /><a href="http://bitcoinsystem.blogspot.com/2014/09/the-digital-currency-bitcoin-run-fast.html" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOIbT_x4PSZAkWtSOJ10So1cXouDa9QxobobsEC1iTUQHwcGc-EwXIvTs_QibdxeYEj40GghHx-5Ow1pbA9i7uDTV8tW7I4nN4l9rYt8ClrBMIXHNE5rKoc1lJ_bRPkipElR1ycNUJlgg/s1600/bitcoin_value_graph.jpg" height="234" width="640" /></a><br />Sensible exchanges and different virtual-currency businesses should balance having enough liquidity in their hot wallets against the potential of the complete contents of these wallets being taken. therefore the cold notecase comes into play, within which USB sticks, removable onerous drives, optical discs and therefore the like square measure used. The Bitcoin keys square measure generally generated on non-networked instrumentation, typically on single-purpose address-management hardware that's progressively drawing close the market. Cold storage is far like currency unbroken in an exceedingly strongroom, and therefore the irony of employing a strongbox is exquisite. (Audio-based hacking has had its practicability incontestible recently, which can add another layer of concern.)<br /><br />Those engaged with Bitcoins typically maintain multiple copies of their non-public keys, which could exist in each hot and cold wallets, to supply a backup just in case of a system crash or different hassle. till a Bitcoin address is employed in an exceedingly group action (which transfers all of the worth out of it) multiple hold on versions of a similar non-public key exist in an exceedingly variety of superposition of states like Schrödinger's Cat. disbursal the coins (even if one gets modification in return) collapses the wave shape in order that one group action is that the solely true one, and therefore the identical non-public keys, notwithstanding however they're hold on, lose their worth right away. (The entire worth of a Bitcoin address should be transferred right away, except for transactions but the complete quantity, the remaining modification are often sent to a different address.)<br /><br />All media is also infected with viruses, and therefore it's of utmost importance to use systems that are verified, as well as booting from a "live" CD or DVD, that can not be changed. Some Bitcoin holders and corporations go a step farther and backwards, mistreatment paper as cold storage, with the Digital Currency Bitcoin address generated by a tool, just like the Piper, that has ne'er touched an internet service.<br /><br />The key knowledge is hold on as a QR Code, a 2nd code that may be reborn through a snap by a smartphone or different device. Snapping the image on a networked phone makes the cold storage flip hot, a lot of or less.<br /><br />Of course, such cold storage is merely secure as long because it remains fastened up and aloof from prying eyes. A Bloomberg TV host discovered this once he delayed Digital Currency Bitcoin gift certificates he'd purchased to offer 2 anchors, and flashed the non-public keys' QR Codes. A Bitcoin user like a shot used a freeze-frame to snap the codes and transfer them to 1 of his addresses, then denote concerning it as a cautionary tale.<br />
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Artical Source > http://www.economist.com/blogs/babbage/2014/04/digital-security</div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com16tag:blogger.com,1999:blog-5238756719787327303.post-88123326901540698122014-09-21T11:06:00.001-07:002014-09-21T11:08:41.797-07:00Bitcoin Crypto Crowdfunding Help Swarm<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://bitcoinsystem.blogspot.com/2014/09/bitcoin-crypto-crowdfunding-help-swarm.html" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;" target="_blank"><img alt="http://bitcoinsystem.blogspot.com/2014/09/bitcoin-crypto-crowdfunding-help-swarm.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmgwUYw3g1QB_0FS3bARCMw6y8BHeAE7daOXIbM7uNlMsLwUZqUs9_7IgRNcQCpzjTOAqA2zMPQPEbRbdITjSPxYccQt7QolFhVMjQS8eQsKyuKgWs9K_1SVgrhKcR5N0Nd9Tt3ER23lY/s1600/2.jpeg" height="287" width="400" /></a></div>
<span style="font-size: x-large;"><b>TWO</b></span> words have created the leap from the technology world to become a part of the common cultural lexicon in 2014: Kick starter and Bitcoin. Kick starter, the crowd funding platform that permits people to back comes products—43% of that are funded. And even the foremost dislike forbear, together with a 64-year-old American state resident named <a href="http://bitcoinsystem.blogspot.com/2014/09/bitcoin-crypto-crowdfunding-help-swarm.html" target="_blank">Satoshi</a> Nakamoto, currently is aware of of bitcoin, a crypto-currency, albeit they can not justify however it works.<br />
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So it\'s solely apt that someone ought to try and mix the 2 ideas. this can be the goal of Swarm, a replacement crowd funding platform that conjointly uses the technology that underlies <a href="http://bitcoinsystem.blogspot.com/2014/09/bitcoin-crypto-crowdfunding-help-swarm.html" target="_blank"><span style="font-size: large;"><b>Bitcoin</b></span></a>. primarily based in Berlin, the start up was supported by Joel Dietz, a software system developer and bourgeois. It needs to be an improved thanks to support technology comes.<br />
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With the assistance of <a href="http://bitcoinsystem.blogspot.com/2014/09/bitcoin-crypto-crowdfunding-help-swarm.html" target="_blank">Swarm</a>, start up firms and comes seeking funding will mint and distribute their own digital currency. Supporters commit these comes by dynamic real cash (or bitcoin) for branded coins. The approach was pioneered by another start up, Master coin, a trial to change all types of monetary services victimization Bitcoin technology. Mr Dietz, a self-professed social science buff, says Swarm goes more as a result of it constructs not solely a system through that crowd funding will occur, however a marketplace for start ups.<br />
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To prove that the construct works, and to avoid the complication of getting to clarify however Swarm operates, Mr Dietz is victimization his own platform to secure finance. quite five hundred early adopters, UN agency by and enormous possess each associate understanding of crowd funding campaigns and a bitcoin pocketbook, have bought into the thought thus far, political campaign up a median of $1,000, or around two bitcoin, in support of the project. Swarm is almost simple fraction of the means towards raising its target of four,500 bitcoin ($2.6m) by Gregorian calendar month twentieth. for his or her investment, users are given constant quantity of swarm coins, the platform’s proprietary currency, at a rate of around five,000 swarm coins to at least one bitcoin. Those swarm coins ar then wont to back comes a lot of within the same means greenbacks or pounds back comes on Kickstarter.<br />
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Swarm coins, like bitcoins, ar tradable, and might become additional valuable. If a project is especially well-liked, early backers will sell their stake to a 3rd party UN agency is willing to shop for in at the next valuation. This addresses one key criticism of Kick starter: comes that proceed to become Brobdingnagian successes typically victimize their early supporters. once optic VR, the manufacturers of the optic Rift, a video game receiver, was sold-out to Facebook for $2 billion in March 2014, a number of the nine,500 backers grumbled that they received no share of Oculus’ acquisition money. Swarm can provide its users a share in comes and therefore permits returns to be unfold among the group.<br />
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Swarm’s users also can receive tangible assets: one among the primary comes are a nanosatellite manufacturer, that plans to reward backers with their own piece of house equipment orbiting the world. A dozen comes ar presently below analysis by Swarm, together with many that let crypto-tokens unlock bound software system options that non-paying users couldn\'t access, kind of like some package software system well-liked within the late Nineteen Nineties.<br />
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Mr Dietz has grand plans for Swarm: not content with resource, he hopes to ascertain technology incubators for elite comes in cities across Europe. London and Berlin ar mooted as prospective locations. In short, Swarm is supposed to be, to use a 3rd vogueish meaninglessness, “disruptive”. In fact, therefore troubled is that the construct that Mr Dietz himself brazenly admits the project offers his lawyers palpitations: current legislation wasn\'t designed to trot out novel ideas like Swarm.<br />
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All this can be definitely price a strive. If Swarm reaches its funding goal by late Gregorian calendar month, if it manages to woo the less technologically literate Mr Dietz hopes to seek out, if its mooted incubators become a reality, and if the corporate manages to stay its legal counsel happy, it may become another notable technology term to enter everyday oral communication. the concern is there ar plenty of “ifs” to beat.<br />
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Thanks ><a href="http://www.economist.com/blogs/schumpeter/2014/07/bitcoin-and-startup-financing" target="_blank"> http://www.economist.com/blogs/schumpeter/2014/07/bitcoin-and-startup-financing</a></div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com3tag:blogger.com,1999:blog-5238756719787327303.post-86205258353404172802014-09-21T06:38:00.003-07:002014-09-21T06:38:26.381-07:00What is Cryptocurrency |Bitcoin System|
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<span style="font-size: small;"><span style="font-size: x-large;"><span style="font-size: small;"><span style="font-size: large;"><b><span style="font-size: x-large;">A</span> crypto currency</b></span> (or cryptocurrency) is a medium of
exchange using cryptography to secure the transactions and to control
the creation of new units. [ 1] The first crypto currency to be created was Bitcoin in 2009. Since then, numerous crypto currencies have been created</span><b>.</b><span style="font-size: small;">A</span></span> <b>cryptocurrency</b> could be a digital medium of exchange. the primary cryptocurrency to start mercantilism was Bitcoin in 2009. Since then, varied cryptocurrencies became offered. essentially, cryptocurrencies square measure specifications relating to the utilization of currency that look for to include principles of cryptography to implement a distributed, redistributed and secure info economy. once examination cryptocurrencies to folding money, the foremost notable distinction is in however no cluster or individual might accelerate, stunt or in the other approach considerably abuse the assembly of cash. Instead, solely an explicit quantity of cryptocurrency is made by the complete cryptocurrency system jointly, at a rate that is finite by a price each previous outlined and publically glorious.<br /><br />Dozens of cryptocurrency specifications are outlined, and most square measure just like and derived from the primary absolutely enforced cryptocurrency protocol, Bitcoin. among cryptocurrency systems, the safety, integrity, and balance of all ledgers is ensured by a swarm of reciprocally distrustful parties, stated as miners, who are, for the foremost half, general members of the general public, actively protective the network by maintaining a high hash-rate problem for his or her probability at receiving a arbitrarily distributed tiny fee. Subverting the underlying security of a cryptocurrency is mathematically potential, however the price could also be unfeasibly high. for instance, against Bitcoin’s proof-of-work based mostly system, AN offender would wish machine power bigger than that controlled by the complete swarm of miners so as to even have one / 2^(# authentication rounds for this cryptocurrency – 1) of an opportunity, which suggests directly circumventing Bitcoin’s security could also be a task well on the far side even a technology company the scale of Google.<br /><br />Most cryptocurrencies square measure designed to step by step introduce new units of currency, putting AN final cap on the overall quantity of currency which will ever be in circulation. this is often done each to mimic the inadequacy (and value) of precious metals and to avoid hyperinflation. As a result, such cryptocurrencies tend to expertise hyperdeflation as they grow in quality and therefore the quantity of the currency in circulation approaches this finite cap. Compared with normal currencies control by money establishments or unbroken as money available, cryptocurrencies square measure less liable to seizure by enforcement. Existing cryptocurrencies square measure all anonymous, although additions like Zero coin and its distributed laundry feature are urged, which might leave namelessness.</span></div>
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<span style="font-size: small;">Found Here > http://coinverted.com/what-is-cryptocurrency/</span>
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Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com6tag:blogger.com,1999:blog-5238756719787327303.post-13199384679834227532014-09-21T04:15:00.002-07:002014-09-21T04:18:32.990-07:00iPhone mobile application buy and sell Bitcoin<h1 class="entry-title">
<span style="font-weight: normal;"><span style="font-size: small;">Apple Inc. (NASDAQ:AAPL) has closed the last remaining iPhone mobile application that enabled users to shop for and sell Bitcoin. BlockChain was the last application, and by currently it's been downloaded 120000 times by the users to carry and pay Bitcoins.<br /><br />Apple Bitcoin<br />Apple designing own payment system</span></span></h1>
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<a href="http://cdn1.valuewalk.com/wp-content/uploads/2013/11/apple-bitcoin.jpg"><img alt="Apple Bitcoin" class="aligncenter size-full wp-image-267363" src="http://cdn1.valuewalk.com/wp-content/uploads/2013/11/apple-bitcoin.jpg" height="401" width="534" /></a></div>
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<span style="font-size: x-large;"><u><b>Apple planning own payment system</b>?</u></span></h2>
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<span style="font-weight: normal;"><span style="font-size: small;">According to BlockChain chief govt Nicolas Cary, Apple Inc. (NASDAQ:AAPL) has taken the step as a preventative live to safeguard the mobile payment system it's developing. “It’s documented that Apple is developing its own payment system,” he said. “They square measure building a walled garden to interfere with innovation.” Apple didn't investigate the problem.<br /><br />The latest report from the Wall Street Journal aforesaid that Apple INC. (NASDAQ:AAPL) has stepped up efforts to form proprietary systems which will enable users to form payments with associate degree iPhone.<br /><br />Prior to this, Apple Inc. (NASDAQ:AAPL) had pack up all the Bitcoin connected apps. For Bitcoin, the choice from Apple comes as a blow as a result of the digital currency is troubled to realize the approval and support of regulators and governments all round the globe. Users WHO have already got the app in their mobiles will use it as before, however they'll not be any upgrade within the app or alternative updates from the shop.<br />Apple’s call “anti-competitive”<br /><br />The iPhone maker sent associate degree email to BlockChain particularization that the app has been closed from the App store because of associate degree unresolved issue. Cary aforesaid that Apple INC. (NASDAQ:AAPL) didn't inform of the closure of the app antecedently, and therefore the app remained unmodified since it got authorization for the shop 2 years agone.<br /><br />BlockChain termed Apple’s call as “anti-competitive” and “censorship”. BlockChain makes Bitcoin value effective and a competitive threat to ancient finance facilities. BlockChain’s business development govt Roger Ver sealed the news that Apple INC. (NASDAQ:AAPL) has removed the last remaining Bitcoin billfold from the app store. Ver lamented that the Apple individuals ne'er told them the problem behind closing the app.<br /><br />“There was no notice, they sent a proper email to mention your app has been removed because of ‘unresolved issues’ – that’s the phrasing that they used,” Ver said.<br /><br />Ver aforesaid that Apple INC. (NASDAQ:AAPL) created a one-sided call to get rid of billfold app. Bemoaning the ban; Ver aforesaid “A native app may be a cleaner, easier user expertise than doing one thing through an online browser.” He additional that Apple would notice its mistake and alter the policy consequently.<br /><br />Before BlockChain, Apple Inc. (NASDAQ:AAPL) removed digital wallets like Coinbase and Coin jar from its transfer store.</span></span></h1>
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<span style="font-weight: normal;"><span style="font-size: small;"> Full Artical > http://www.valuewalk.com/2014/02/apple-inc-removed-bitcoin-app/ </span></span></h1>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com3tag:blogger.com,1999:blog-5238756719787327303.post-33956808027978839272014-09-21T04:05:00.001-07:002014-09-21T04:16:28.429-07:00Bitcoin wallet Blockchain App Store <span class="notranslate" style="background-color: transparent; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Apple has changed its attitude to the payment system Bitcoin: this week the company restored to the App Store the largest purse <a href="https://itunes.apple.com/us/app/blockchain-bitcoin-wallet/id493253309?mt=8" rel="nofollow" style="background-color: transparent; border: 0px; color: #0090ff; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">Blockchain</a> , designed to store and work with virtual coins on iPhone.</span> <span class="notranslate" style="background-color: transparent; border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">In January this year Blockchain was removed from App Store without explanation.</span>
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<img alt="Blockchain-1" class="alignnone size-full wp-image-95088" height="507" src="http://www.macdigger.ru/wp-content/uploads/2014/07/Blockchain-1.jpg" style="background-color: transparent; border: 0px none; margin: 0px; outline: 0px none; padding: 0px; vertical-align: baseline;" width="576" /> </div>
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According to project leader Blockchain Saint Nicholas Carey, nowadays their system to figure with Bitcoin is employed by roughly one.9 million folks worldwide. Mobile app for iPhone Blockchain been downloaded over one hundred twenty,000 times so at the start of this year it had been removed Apple.After exclusion from the App Store thousands Bitcoin-activists launched a campaign against a American state corporation, stern the come back of the remote application within the on-line search.<br />Also Bitcoin exchange between purses, Blockchain permits you to form purchases from the quickly growing range of merchants that settle for Bitcoin. Among them - the foremost physical and on-line merchants buy in, DISH, Expedia and hollow, pop recently. in step with the director Blockchain, they're currently discussing with Apple terms of the dealings, which might satisfy the wants of the corporate in respect of payment systems.<br />A few weeks before the looks Blockchain in App Store, was additionally according returning Bitcoin-purse CoinJar. additionally, in June, Apple has modified its policy towards kriptovalyutam, permitting computer code developers to use virtual currency applications.</div>
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Source > http://iphonebul.blogspot.com/2014/07/largest-bitcoin-wallet-blockchain-back.html </div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com7tag:blogger.com,1999:blog-5238756719787327303.post-17742760078928775202014-09-21T03:56:00.003-07:002014-09-21T03:56:58.553-07:00Google Support for Bitcoin Conversion <div style="text-align: left;">
Google's currency conversion supplemental support for bitcoin, a virtual currency introduced in 2009. If you seek for [1 bitcoin to usd], [1 BTC in USD], [bitcoin eur], [convert a thousand gbp to bitcoin] and different similar queries, Google shows the interactive currency conversion card that additionally includes a historical chart.<br /><br />Last month, "Google Finance partnered with Coinbase to launch a bitcoin value hunter that enabled BTC-to-fiat value conversions across a large vary of world currencies." This update uses an equivalent information.</div>
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"Bitcoin is commonly noted as a currency, however it doesn't adjust to wide used definitions of cash," suggests Wikipedia. "Economists usually agree that to qualify as cash, one thing should be a store valuable, a medium of exchange, and a unit of account. Bitcoin has how to travel if it needs to fulfill these criteria. It will best as a medium of exchange."</div>
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"Bitcoin is commonly noted as a currency, however it doesn't adjust to wide used definitions of cash," suggests Wikipedia. "Economists usually agree that to qualify as cash, one thing should be a store valuable, a medium of exchange, and a unit of account. Bitcoin has how to travel if it needs to fulfill these criteria. It will best as a medium of exchange." </div>
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Read Full Artical > <a href="http://googlesystem.blogspot.com/2014/07/google-adds-support-for-bitcoin.html">http://googlesystem.blogspot.com/2014/07/google-adds-support-for-bitcoin.html</a></div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com3tag:blogger.com,1999:blog-5238756719787327303.post-81454274105763717502014-09-21T01:43:00.002-07:002014-09-21T04:29:48.148-07:00Earn Bitcoin Complete Detail Urdu<div class="separator" style="clear: both; text-align: center;">
<a href="http://bitcoinsystem.blogspot.com/2014/09/earn-bitcoin-complete-detail-urdu.html"><img alt="http://bitcoinsystem.blogspot.com/2014/09/earn-bitcoin-complete-detail-urdu.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5mJyhm-4ncZgPNMIFiCb3YcRa_pSwgfkWWosQjMZnlAIS3T0Vfe2nAw_kCCuDu-zsWpnT11aHuruLomd9To85meYmAgma5EgRb1gdt7on2c3sDDJnf2CcGUZcCRchGVYubNc0wos6LOY/s1600/bitcoin_value_graph.jpg" height="145" width="400" /></a></div>
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<span style="font-size: x-large;"><u><b>Earn Bitcoin Without Investment</b></u></span></div>
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<a href="http://bitcoinsystem.blogspot.com/2014/09/earn-bitcoin-complete-detail-urdu.html"><u><span style="font-size: large;"><b>1 Earn Satoshi Faucet Free</b></span></u></a><br />
Ajj kal market may ya tareeqa sab say Easy ha <b>Bitcoin</b> earn karnay ka.Lakin iss may Earning Bohat thori hoti ha.Haan un k liya ya kafi profitable jo Capcha ka kam kartay rahay hain.phallay may appko ya samjha do k Satoshi kiya hota ha.Example 0.00000100 BTC issko Hum Kehay gay 100 Satoshi na k 100 Btc.Iss he tarah iss may jitni Amount Increase hoti rahay gi To Hum iss amount ko 0.00010000 10000 satoshi Kehay gaay.Orr jab Humari amount Iss Level par atti hai 1.00000000 To Hum kehay gay humaray pass 1 <b>Bitcoin</b> hai.Orr Ab main appko Faucet k baray may batatta hon. Faucet 1 work them ka nam hai Example app Google par Search karogay k Free Faucet Satoshi Sites to Result may App ko Kafi sites nazar aay gi.Orr ain Sari sites may hum apna <b>Bitcoin</b> id Daltay hain Orr 1 Capcha To Instantly Earning Humary Micro Account may Transfer ho jati hai.Or ain sites ka Diffrent Rate hota hai koi 200 koi 500 koi 1000 Satoshi b Dayti hai Work sirf itna he hai k Capcha dalna hota hai.Issko Hum boltay hain <b>Bitcoin</b> Faucet Sites..<br />
Lakin may Appko Phallay b Bata chuka ho k Earning thori ha kiu k Without Investment say app itna he earn kar saktay ho.Taqreeban 1900 Satoshi ka 1 Pakistani Ruppiya Banta ha Orr 1 <b>Bitcoin</b> Iss Waqat Taqreeban 50 Hazar Ka ha.<br />
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Example Faucet Free Earning Site<br />
<a href="http://freebitco.in/?r=802646" target="_blank">http://freebitco.in</a> <br />
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<u><span style="font-size: large;"><b><a href="http://bitcoinsystem.blogspot.com/2014/09/earn-bitcoin-complete-detail-urdu.html">2 Earn Bitcoin Web Suffering</a></b></span></u><br />
Jassay k ap nay uper Read kiya to App nay samjh liya hai k Satoshi kiya hota ha Web sufring may bhi hum Satoshi he Earn kartay hain iss may Different sites humain Different Earning dayti hai.hum daily advertisement wali sites ko visit kartay hain jiss may kise k andar 2 min kise may 5 min ka timer hota ha to un ko visit karnay k bad Earning humray account may add hoti rehti hai.Or ya Earning Diffrent hoti ha kabhi zaida kabhi kam To iss kam k zariya bhi hum Satoshi earn kar saktay hain Lakin may app ko ya baat phallay b bata chuka ho orr ab bhi bata raha k iss kam may Earning bohat kam hoti hai haan Albata agar app 6 se 8 Ghantay Time daytay ho to app 5 Se 6 Dollar nikal saktay ho.Filwaqat market may ya 2 he way hain earning without investment k jo main nay appko bata diya hain.<br />
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<span style="font-size: x-large;"><u><b>Earn Bitcoin With Investment</b></u></span></div>
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<a href="http://bitcoinsystem.blogspot.com/2014/09/earn-bitcoin-complete-detail-urdu.html"><u><span style="font-size: large;"><b>1. Earn Bitcoin With Cloud Mining</b></span></u></a></div>
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<span style="font-size: small;"> <b><a href="http://bitcoinsystem.blogspot.com/2014/09/earn-bitcoin-complete-detail-urdu.html">Bitcoin Cloud Mining</a> </b>may hum GH/S Purchase kartay hain.1 Gh/S ki moujooda Qimaat Iss Waqat Taqreeban 0.60 cent ha iss ka Rate b kabhi zaida ho jata hai kabhi kam ho jata hai Barhal 1 GH/S humain daily ka 500 Se 900 Satoshi Earn kar k dayta ha Jiss may Humain Karna Kuch ni Hotta Jo hum GH/S purchase kartay hain woh khud he humain daily earning Generate kar k dayta hai.Expose App 1000 GH/S Purchase Kartay ho jo k Taqreeban iss Waqat 600$ kay Aaay gay to Woh humain Daily 5 se 10 Lakh Satoshi earn kar k day ga Jo k Taqreeban 5 se 7$ Earning Banti ha Forever.Orr iss may sab say Faiday Wali cheez ya hai k App jiss Waqat Chahain Issko GH/S ko sale kar saktay ho Moujda Market ki Price k hisab say.Iss k Illawa woh humain free may Dosray coin b bana k day ga jassay LTC Litecoin NMC Name coin Waghaira. Orr aap chahay to app Earning ko Reinvest b Kar saktay hain.Yani jo app ki daily earning aai hai app issko Reinvest kar k Mazeed GH/S buy kar saktay hain.ISS ko Cloud Mining kehtay hain iss May na apko koi Work karna hota ha Or na he app ko System On Rakhnay ki Zarorat hai.Agar app Join Karna chahay to May Neachay iss ka Banner day raha ho App Join Kar Lain.Orr koi b app k Mind May iss Kay Mutaliq Sawal ho App Comments may TYPE Kar saktay hain Main apko iss ka Jawab day do Ga</span></div>
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<span style="font-size: small;"><a href="https://cex.io/r/0/aaiauwh/0/" target="_blank" title="How to earn bitcoins. Get started!"><img border="0" src="http://cex.io/img/b/0/468x60.jpg" height="81" width="640" /></a></span></div>
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Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com45tag:blogger.com,1999:blog-5238756719787327303.post-47274472926652754552014-09-20T13:59:00.001-07:002014-09-20T14:02:06.906-07:00Bitcoin Mapping Global Trafic Search<span style="color: lime;"><b><span style="font-size: large;">Bitcoin</span></b></span> Jiss tarah say Market May Famous Ho raha ha Iss ki Maqboliyat ka Idea app Ain Maps say Laga saktay hain.Ya Country Wise Map ha Kiss Country May iski Kitni Dimand ha Ya Hum You B Keh saktay hain k Kiss Country may ya kitna Use ho raha ha.......
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<img alt="global wallet downloads" class="wp-image-1977 " src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/global-wallet-downloads.png?be58f1" height="265" width="600" /></div>
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<a href="http://www.thegenesisblock.com/wp-content/uploads/2013/05/downloads-per-capita.png?be58f1"><img alt="downloads per capita" class="wp-image-1979 aligncenter" src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/downloads-per-capita.png?be58f1" height="304" width="600" /></a></div>
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<a href="http://www.thegenesisblock.com/wp-content/uploads/2013/05/downloads-vs-internet-penetration.png?be58f1"><img alt="downloads vs internet penetration" class="wp-image-1978 " src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/downloads-vs-internet-penetration.png?be58f1" height="266" width="570" /></a></div>
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There is a correlation of 0.7 between a country’s bitcoin downloads per capita and internet penetration</div>
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<h2>
<u>Global Search Bitcoin Traffic</u></h2>
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Orr Agar Hum Global Bitcoin Search Nikalay to 2009 May 1st Number Par Russia 2nd Austraila And 3rd Norway Tha.Last 12 Month ko cheak Karin to 1st Number par Finland 2nd par Czech Republic 3rd par Ukraine Raha Last 90 Days ko Deakhain to 1st Par Unites stats 2nd Canada Or 3rd par Germany Agay Raha.Or Agar hum Last 30 Days Par Ghor Karin to 1st Par Sweden 2nd Par New Zealand Or 3rd Par China Raha.This Called <span style="font-weight: normal;"><span style="font-size: small;">Global Search Bitcoin Traffic.</span></span></div>
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<a href="http://www.thegenesisblock.com/wp-content/uploads/2013/05/bitcoin-searches.png?be58f1"><img alt="bitcoin searches" class="wp-image-1980 aligncenter" src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/bitcoin-searches.png?be58f1" height="344" width="600" /></a></div>
The chart higher than offers some attention-grabbing data. Most notably, interest in China has adult enormously, significantly within the last thirty days since the documentary airy. we will additionally see from this graph that interest from Russia has slowed, relative to alternative countries, and a few new entrants just like the European country ar setting out to emerge.<br />
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Looking at the chart below, we will see interest from well-known U.S. school hubs like metropolis, big apple and Austin. curiously, there's additionally apparent serious search traffic from Portland, home to Gliph, the new startup giving pseudo-identities to assist facilitate bitcoin transaction<br />
<div class="wp-caption aligncenter" id="attachment_1981" style="width: 385px;">
<img alt="bitcoin searches us" class="wp-image-1981 " src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/bitcoin-searches-us.png?be58f1" height="216" width="375" /><br />
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Let the record show that the citizens of Portland, Oregon liked bitcoin before it was cool.</div>
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<h2>
Bitcoin Exchange </h2>
Volume Searches and code downloads show interest, however verity story unfolds once cash enters the image, thus gazing exchange volumes across currencies offers even deeper insight into the evolving bitcoin narrative.<br />
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As would be expected, USD still dominates commercialism volume, however mapped against different currencies we will see a uniform declining trend as different countries and their currencies enter the image in larger amounts.<br />
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<a href="http://www.thegenesisblock.com/wp-content/uploads/2013/05/bitcoin-trading-vol-by-currency.png?be58f1"><img alt="bitcoin trading vol by currency" class="wp-image-1983 aligncenter" src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/bitcoin-trading-vol-by-currency.png?be58f1" height="369" width="600" /></a></div>
USD as a share of total bitcoin commercialism volume has fallen from close to 100 percent to more or less eightieth over the past 2 years. the foremost notable gain from is from CNY (Chinese Yuan), that grew from more or less zero.4% of total volume in Gregorian calendar month 2012 to a powerful four.7% in Gregorian calendar month 2013.<br />
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Within the still-dominant USD commercialism, there's a healthy trend of diversification aloof from Mt. Gox towards different exchanges. As shown within the chart below, different exchanges have gained traction on the DDoS-susceptible leader within the area – a trend probably to continue once their recent loss of Dwolla as associate account funding supply and investigation by the Department of Homeland Security. price noting, the chart below ought to be viewed as associate approximation, as knowledge for exchanges that have clean up over the years wasn't out there for this analysis.<br />
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<a href="http://www.thegenesisblock.com/wp-content/uploads/2013/05/btc-usd-per-exchange.png?be58f1"><img alt="btc-usd per exchange" class="wp-image-1982 aligncenter" src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/btc-usd-per-exchange.png?be58f1" height="375" width="600" /></a></div>
<h2>
<u>Bitcoin Connected Nodes</u></h2>
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Bitcoin is only as strong as the network on which it is
based, so the value of connected nodes cannot be overlooked in an
analysis of global adoption. The chart below shows a snapshot of the
geographical breakdown of connected nodes taken on May 18.</div>
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This chart represents individual node connections, <i>not</i>
total hashing/mining power. We’re working on an article to cover this
topic in the depth it deserves, but for now we can see a story
consistent with the rest of this analysis. The United States remains the
power player, with significant interest from China. The Nordic
countries, not represented on the graph due to their relatively low
total connections, were represented at an impressive level within the
data set relative to their size – as would be expected given the
download data shown earlier.</div>
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<img alt="bitcoin global nodes" class="wp-image-1986 aligncenter" src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/bitcoin-global-nodes.png?be58f1" height="350" width="600" /></div>
<h2>
<u>Bitcoin Real World Interaction</u></h2>
The utilization of bitcoin within the universe, outside of the net, are preponderating to its broader proliferation. There are major advancements towards this, like Kreuzberg, Berlin recently showing the globe a major success by deeply group action bitcoin into the native economy and restaurants in the big apple town starting to settle for it furthermore.<br />
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As a proxy to see the propensity for a neighborhood to bring the bitcoin movement offline, we have a tendency to checked out the amount of individuals taking part in bitcoin-oriented meetups across the globe. The chart below shows the amount of participants within the largest meetups in every town, sorted by country. the standard suspects square measure all gift, with newcomers like Israel and Argentina demonstrating important universe interest.<br />
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<img alt="global bitcoin meetups" class="wp-image-1987 aligncenter" src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/global-bitcoin-meetups.png?be58f1" height="298" width="600" /></div>
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Breaking down offline bitcoin interest in the US even
further, San Francisco and New York City remain the clear leaders, with a
strong showing from Chicago and Seattle, the latter of which is home to
<a href="http://coinlab.com/">CoinLab</a>, the first VC-backed bitcoin startup in the US.</div>
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<img alt="USA Meetups" class="wp-image-1988 aligncenter" src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/USA-Meetups.png?be58f1" height="386" width="600" /></div>
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<u>Companies and Venture Capital</u></h2>
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At the backbone of the bitcoin movement are a handful of
visionary entrepreneurs and prescient investors. To see where the future
of bitcoin is being built, we compiled a list of leading bitcoin
companies and venture capitalists, focusing on the US as it has by far
the greatest number of successful companies and investment capital flow
to date.</div>
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<img alt="Investors and Companies" class="wp-image-2010 aligncenter" src="http://www.thegenesisblock.com/wp-content/uploads/2013/05/Investors-and-Companies.png?be58f1" height="386" width="600" /></div>
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The notion of international collaboration across
disparate individuals has never before been achieved at this scale,
outside of the internet itself. There is a bright future ahead for
bitcoin, and we’re looking forward to helping it unfold.</div>
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Thanks and Source ><a href="http://www.zerohedge.com/news/2013-05-27/mapping-bitcoins-global-adoption">http://www.zerohedge.com/news/2013-05-27/mapping-bitcoins-global-adoption</a> </div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com2tag:blogger.com,1999:blog-5238756719787327303.post-4319745426565453472014-09-20T13:29:00.002-07:002014-09-20T13:29:17.910-07:00Images Of Bitcoin Wallpaper<div style="text-align: center;">
Here is Some Beautiful <a href="http://bitcoinsystem.blogspot.com/2014/09/images-of-bitcoin-wallpaper.html">Bitcoin Wallpaper</a>.You Can Easily Download.<span class="st">Pick your favorite Bitcoin wallpaper</span></div>
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<a href="http://bitcoinsystem.blogspot.com/2014/09/images-of-bitcoin-wallpaper.html"><img alt="http://bitcoinsystem.blogspot.com/2014/09/images-of-bitcoin-wallpaper.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHv-4Z4XhzQJZ0KchFS2qccuUeNgcfbzh7z3c9Ccw4aUH2fu7GqREtKPyZB0JqtocYWTFg7OISn5VM-gMo-gZi6bRUC_rYhsZJBTo5OXIBR1VL6mpCj9l4enHCCFvpHpfgP2xc4wlCXF4/s1600/images1.jpeg" height="249" width="400" /></a></div>
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Bitcoin Wallpaper 2009</div>
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Bitcoin Wallpaper 2010</div>
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Bitcoin Wallpaper 2011</div>
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<a href="http://bitcoinsystem.blogspot.com/2014/09/images-of-bitcoin-wallpaper.html"><img alt="http://bitcoinsystem.blogspot.com/2014/09/images-of-bitcoin-wallpaper.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIqWtW_atzfcqX-G6NZfIzCY9nAy5tDMx-H_KcqOIGmT6V2bUkVbPT1TpWt-BZRFQWtSmQcEe9muJI6VbJVNAEUgjoR3iZHoS9Vbkp1SH2kHye_FRyP6u0v-ggE1dRdKkgianzdkfld2M/s1600/images5.jpeg" height="299" width="400" /></a></div>
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Bitcoin Wallpaper 2012</div>
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<a href="http://bitcoinsystem.blogspot.com/2014/09/images-of-bitcoin-wallpaper.html"><img alt="http://bitcoinsystem.blogspot.com/2014/09/images-of-bitcoin-wallpaper.html" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCiVDr7Mpx4303kkD71frmJK5RJt2BSCRwk8TbE65WkYvou0C5vknpf-ef02XtGgZwsdpkv2KmYZHiaeke9_pJmyykTN_7WoXo1CYPkx7Szltcbrez-rYR6C_HonIZcJ4TPHLG5wC6yaE/s1600/images6.jpeg" height="266" width="400" /></a></div>
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Bitcoin Wallpaper 2013</div>
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Bitcoin Wallpaper 2014</div>
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Latest Bitcoin Wallpaper</div>
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Bitcoin Wallpaper HD</div>
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New Bitcoin Wallpaper</div>
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Bitcoin Images</div>
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Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com21tag:blogger.com,1999:blog-5238756719787327303.post-24241952669378184752014-09-20T12:55:00.003-07:002014-09-20T13:03:18.229-07:0024 Signs Impression with Bitcoin Urdu<br />
<div style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;">
<img alt="24 signs you're obsessed with bitcoin" class="aligncenter size-article-full wp-image-124754" src="http://media.coindesk.com/2014/09/24-signs-youre-obsessed-with-bitcoin-630x301.jpg" height="190" width="400" /></div>
<br />
Jab Say Bitcoin Market may Aai hai Market may halchal Mich Gaai hai.Bitcoin Market may 2009 say Aii hai.Jiss Time BitCoin Start Howa Iss waqat One Coin ka Rate Sirf 7$ Tha Par Iss Dightal Currency nay Market may Aasi Dhoom Machaai or Dec 2013 May One Bitcoin ka Rate 1200$ Tak gaya.Iss kay Bad Say le kar Ab tak Or in Future Bitcoin Logo May Maqbool ho gaya.Bohat say Logo ki Raaay hai k Bitcoin 2015 may 1500 se 2000$ tak ki Range may Ja sakta ha.Ya Aik Aaasi Currency hai jiss nay $ ki Value kafi had tak kam kardi Or agar ya Iss Tarah Agaay Barhti rahi to Possiable hai $ ki Value Mazeed Kam Ho jay..<br />
<h3>
1. Jab App Uthnay say 5 Min Phallay Bitcoin ka Balance Cheak kartay ho</h3>
<h3>
(You check the price within five minutes of waking up)</h3>
<br />
<div style="text-align: center;">
<br />
<figure class="wp-caption aligncenter" id="attachment_124504"><img alt="signs you're obsessed with bitcoin" class="size-article-full wp-image-124504" src="http://media.coindesk.com/2014/09/check-price-waking-up-e1411084157623-630x301.jpg" height="190" width="400" /> </figure></div>
<br />
<figure class="wp-caption aligncenter" id="attachment_124504">2 Jab app ka Dosy Appko Forced karay k app ki tamaam Khushiya Digital Currency kay Sath Hain </figure>
<br />
<h3>
( Your friends have been forced to sit through your spiels about all the joys of the digital currency )</h3>
<div style="text-align: center;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124726"><img alt="" class="wp-image-124726 size-full" src="http://media.coindesk.com/2014/09/bored-friends-when-talking-about-bitcoin.gif" height="254" width="500" /> </figure><br />
<div style="text-align: left;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124726">3. Jiss Jaga App ko Bitcoin Accepted here Deakhtay ho to Passend kartay ho </figure></div>
</div>
<h3>
(You keep a hawk-like eye out for ‘bitcoin accepted here’ signs)</h3>
<h2 style="text-align: center;">
<img alt="bitcoin accepted" class="aligncenter size-article-full wp-image-124508" src="http://media.coindesk.com/2014/09/bitcoin-accepted-copy-630x240.jpg" height="152" width="400" /></h2>
<h3>
4. You’ve rehearsed your speech in defense of bitcoin, just in case you ever run into any skeptics</h3>
<br />
<div style="text-align: center;">
<br />
<figure class="wp-caption aligncenter" id="attachment_124514"><img alt="shutterstock.com" class="wp-image-124514 size-article-full" src="http://media.coindesk.com/2014/09/have-a-speech-prepared-in-defense-e1411088812795-630x316.jpg" height="200" width="400" /><figcaption class="wp-caption-text" id="figcaption_attachment_124514"> </figcaption><figcaption class="wp-caption-text" id="figcaption_attachment_124514"> Jab App Kise ko Convince Kar rahay ho Bitcoin kay Baray May Orr Woh Maan Jay</figcaption></figure></div>
<br />
<h3>
5. You feel a sense of pride whenever you convince someone to embrace digital currencies</h3>
<div style="text-align: center;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124522"><img alt="giphy.com" class="size-full wp-image-124522" src="http://media.coindesk.com/2014/09/celebrate-convincing-friends.gif" height="331" width="500" /> </figure><br />
<div style="text-align: left;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124522">App Din May bhi Khuwab Deakhnay Lagtay hain k App k Pass Bohat Saray Bitcoin hai Orr App iss Say Har Cheez Khareed Saktay Hain </figure></div>
</div>
<h3>
6. You daydream about what life will be like once you can use bitcoin to buy everything you need</h3>
<br />
<div style="text-align: center;">
<br />
<figure class="wp-caption aligncenter" id="attachment_124516"><img alt="shutterstock.com" class="wp-image-124516 size-article-full" src="http://media.coindesk.com/2014/09/shutterstock_137332148-e1411088839400-630x269.jpg" height="170" width="400" /> </figure></div>
<br />
<figure class="wp-caption aligncenter" id="attachment_124516">App jassay he Wallet cheak Kartay ho to Foran Apkay Mind May Ok Sure Hota hai </figure>
<br />
<h3>
7. You double (okay, triple) check all of your wallets on a more-than-consistent basis… just to be sure</h3>
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124542"><img alt="shutterstock.com" class="size-article-full wp-image-124542" src="http://media.coindesk.com/2014/09/double-check-bitcoin-wallets-630x212.jpg" height="134" width="400" /> </figure><figure class="wp-caption aligncenter" id="attachment_124542">Jiss Waqat Bitcoin ki Price Yak Dam Down Ja rahi ho Kise Bhi Negitive News Ki waja say </figure>
<br />
<h3>
8. You’re not fazed by price swings anymore, and ‘bad news’ no longer sets you off in an immediate panic</h3>
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124518"><img alt="giphy.com" class="size-full wp-image-124518" src="http://media.coindesk.com/2014/09/not-fazed-by-price-drops.gif" height="380" width="570" /> </figure><figure class="wp-caption aligncenter" id="attachment_124518"> MT GOX ka Lafz say apkay Jism may Hararat Shuro ho jati hai</figure>
<br />
<h3>
9. The words ‘<a href="http://www.coindesk.com/tag/mt-gox/">Mt Gox</a>’ make you physically cringe</h3>
<div style="text-align: center;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124520"><img alt="giphy.com" class="size-full wp-image-124520" src="http://media.coindesk.com/2014/09/mt-gox-cringe.gif" height="253" width="450" /></figure></div>
<h3>
10 . Jab App bitcoin ko social network par share kartay ho</h3>
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124524"><img alt="/r/bitcoin" class="size-full wp-image-124524" src="http://media.coindesk.com/2014/09/r-bitcoin.jpg" height="141" width="567" /> </figure><figure class="wp-caption aligncenter" id="attachment_124524">Jab App Bitcoin Sell Kar chukay orr iska Rate Yakdam Up Challa Jay </figure>
<br />
<h3>
11. Whenever bitcoin is brought up, your friends roll their eyes and brace themselves for you to jump into the conversation</h3>
<div style="text-align: center;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124512"><img alt="giphy.com" class="size-full wp-image-124512" src="http://media.coindesk.com/2014/09/eye-rolling.gif" height="261" width="400" /></figure></div>
<h3>
12. You go out of your way to shop at Overstock, Newegg, Expedia etc to support their bitcoin business</h3>
<br />
<br />
<div style="text-align: center;">
<figure class="wp-caption aligncenter" id="attachment_105722"><img alt="newegg.com" class="size-article-full wp-image-105722" src="http://media.coindesk.com/2014/07/Screen-Shot-2014-07-15-at-11.51.47-AM-e1411087961667-630x246.png" height="156" width="400" /> </figure></div>
<figure class="wp-caption aligncenter" id="attachment_105722">Jab App kise ko Bitcoin ka Bata dain Or Kafi Time k bad Appki iss say Mulaqat ho or Jab Woh appko Nazar aay 1 Bohat Bari Gari may say Utarta howa Apnay Mulazmeen kay sath to App k yah Impression hon Gay </figure>
<br />
<h3>
13. You thoroughly research every new startup to see if they add enough value to earn your support</h3>
<div style="text-align: center;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124732"><img alt="" class="wp-image-124732 size-full" src="http://media.coindesk.com/2014/09/researching-new-bitcoin-startups.gif" height="216" width="384" /> </figure><br />
<div style="text-align: left;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124732">App Bitcoin k Baray may batanay say Phallay 1 Bitcoin Fees Lay rahay ho </figure></div>
</div>
<h3>
14. You’ve been to at least one bitcoin conference</h3>
<h3 style="text-align: center;">
<img alt="Inside Bitcoins New York Recap Day 1" class="aligncenter wp-image-64105 size-article-full" src="http://media.coindesk.com/2014/04/photo-2-e1411087746970-630x246.jpg" height="246" width="630" /></h3>
<h3>
<span style="font-size: small;">Westren union say passay bhajna ya ab fizool idea hai</span><br />
15. You scoff at the idea of using Western Union to send money abroad</h3>
<div style="text-align: center;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124528"><img alt="giphy.com" class="size-full wp-image-124528" src="http://media.coindesk.com/2014/09/scoff-at-western-union.gif" height="281" width="500" /> </figure><br />
<div style="text-align: left;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124528">Jab App Kise ko Bitcoin kay Baray May Bata Rahay hon Or woh app ki baat ko Ghalat Samjhay to App ka Respons Ya Hoga </figure></div>
</div>
<h3>
16. You’ll interrupt someone else’s conversation to correct them if you hear anything inaccurate being said about bitcoin</h3>
<div style="text-align: center;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124808"><img alt="" class="wp-image-124808 size-full" src="http://media.coindesk.com/2014/09/what-did-you-say-about-bitcoin.gif" height="255" width="400" /> </figure><br />
<div style="text-align: left;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124808">App money ko save karin or jitna ho sakay Bitcoin ko Buy karin </figure></div>
</div>
<h3>
17. You set aside money every paycheck to buy more bitcoin</h3>
<br />
<br />
<div style="text-align: center;">
<figure class="wp-caption aligncenter" id="attachment_124540"><img alt="shutterstock.com" class="size-article-full wp-image-124540" src="http://media.coindesk.com/2014/09/saving-up-for-bitcoin-630x345.jpg" height="219" width="400" /> </figure></div>
<figure class="wp-caption aligncenter" id="attachment_124540">App ko koi cheez b Buy karni hai woh app Bitcoin kay sath Kar saktay hain </figure>
<br />
<h3>
18. You’ve bought something you didn’t need simply because you <i>could</i> purchase it with bitcoin</h3>
<div style="text-align: center;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124538"><img alt="giphy.com" class="size-full wp-image-124538" src="http://media.coindesk.com/2014/09/buying-unnecessary-stuff-with-bitcoin.gif" height="200" width="441" /></figure></div>
<h3>
19. You tried out several different wallets/storage methods before settling on your preferred option</h3>
<div style="text-align: center;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124536"><img alt="giphy.com" class="size-full wp-image-124536" src="http://media.coindesk.com/2014/09/deciding-on-storage-method.gif" height="265" width="343" /></figure></div>
<h3>
20. You’ve done the math to see how economically feasible it would be to set up your own mining rig</h3>
<br />
<br />
<div style="text-align: center;">
<figure class="wp-caption aligncenter" id="attachment_124532"><img alt="shutterstock.com" class="wp-image-124532 size-article-full" src="http://media.coindesk.com/2014/09/calculate-mining-costs-e1411134171862-630x281.jpg" height="178" width="400" /></figure></div>
<br />
<h3>
21. You felt personally attacked by Leah McGrath Goodman’s <a href="http://www.coindesk.com/denial-outrage-acceptance-reactions-satoshi-nakamotos-unmasking/">exposé</a> on Dorian Nakamoto</h3>
<br />
<br />
<div style="text-align: center;">
<figure class="wp-caption aligncenter" id="attachment_52257"><img alt="Newsweek Satoshi Nakamoto" class="size-article-full wp-image-52257" src="http://media.coindesk.com/2014/03/Newsweek-Satoshi-Nakamoto-02-e1411087859466-630x409.jpg" height="259" width="400" /><figcaption class="wp-caption-text" id="figcaption_attachment_52257"></figcaption></figure></div>
<br />
<h3>
23. You’ve casually tried to inquire with your employer about getting paid in bitcoin</h3>
<div style="text-align: center;">
<br />
<br />
<figure class="wp-caption aligncenter" id="attachment_124534"><img alt="giphy.com" class="size-full wp-image-124534" src="http://media.coindesk.com/2014/09/casually-ask-employer-to-accept-bitcoin.gif" height="208" width="500" /></figure></div>
<h3>
24. You truly believe this technology will change the world</h3>
<br />
<br />
<div style="text-align: center;">
<figure class="wp-caption aligncenter" id="attachment_124544"><img alt="perfecthue.com" class="size-article-full wp-image-124544" src="http://media.coindesk.com/2014/09/bitcoin-stock-630x274.jpg" height="173" width="400" /> </figure></div>
<figure class="wp-caption aligncenter" id="attachment_124544">Thanks And Source ><a href="http://www.coindesk.com/24-signs-youre-obsessed-bitcoin/">http://www.coindesk.com/24-signs-youre-obsessed-bitcoin/ </a></figure><figure class="wp-caption aligncenter" id="attachment_124544"><a href="http://thumb101.shutterstock.com/display_pic_with_logo/797713/194121443/stock-photo-man-snoozing-modern-cell-phone-alarm-clock-194121443.jpg*You%20check%20the%20price%20within%20five%20minutes%20of%20waking%20up" target="_blank">shutterstock.com</a> </figure><figure class="wp-caption aligncenter" id="attachment_124544"><a href="http://www.giphy.com/">giphy.com </a></figure><figure class="wp-caption aligncenter" id="attachment_124544"><a href="http://newegg.com/">newegg.com</a></figure><figure class="wp-caption aligncenter" id="attachment_124544"><a href="http://www.newsweek.com/">www.newsweek.com </a></figure><figure class="wp-caption aligncenter" id="attachment_124544"><a href="http://perfecthue.com/project/bitcoin_wallpaper_v2" target="_blank">perfecthue.com</a></figure>Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com4tag:blogger.com,1999:blog-5238756719787327303.post-75054617409446552222014-09-20T06:49:00.000-07:002014-09-20T06:49:07.160-07:00How Bitcoin mining pools work?<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbPiCyyKkb5GByH67NL18VVT5EcR0GV_LMp_Gh9DA5ih5oqWgMz87ma9NzOpjyCOyZHxzJtWvquS5rhJafoBpwiAXAaXsQV8CBKDpjPIuBPLNAdpW7fjlTAASh-sHXPLPupoizh_sBbP0/s1600/bitfish_bitcoin_trust.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbPiCyyKkb5GByH67NL18VVT5EcR0GV_LMp_Gh9DA5ih5oqWgMz87ma9NzOpjyCOyZHxzJtWvquS5rhJafoBpwiAXAaXsQV8CBKDpjPIuBPLNAdpW7fjlTAASh-sHXPLPupoizh_sBbP0/s1600/bitfish_bitcoin_trust.gif" height="504" width="640" /></a></div>
<br />
1st Answer<br />
<br />
<div class="post-text" itemprop="text">
The mining pool coordinates the workers. Think of it like a lottery.
If you and your friends all buy tickets in the lottery the group has a
better chance of winning. To be fair in the lottery example everyone
should be rewarded proportional to the amount of money spent on tickets.
So if there are 20 tickets for the pool one person purchased 10 and two
people purchased 5 each - if one of the 20 tickets win the person who
purchased 10 gets 50% and the other two get 25% each.<br />
What a mining pool does is function as a coordinator for all the pool participants doing:<br />
<ol>
<li>Taking the pool members hashes</li>
<li>Looking for block rewards</li>
<li>Recording how much work all the participants are doing</li>
<li>Assigning block rewards proportionally to participants</li>
</ol>
Miners mine differently by running pool software instead of the bitcoin client and just performing hashes for the pool.<br />
<br />
<br />
2nd Answer <br />
<br />
A miner that is mining within a third-party pool doesn't need the
entire block chain. In fact it doesn't need to be connected to any peers
of the Bitcoin network. These miners work entirely outside of the
network and could technically just need to communicate to the
administrator of the pool in order to mine. <br />
The admin of the pool, on the other hand, needs to be exposed to the
Bitcoin network and needs to listen for new blocks and validate
transactions. The admin of a pool is a full Bitcoin node as described in
Satoshi's paper.<br />
<blockquote>
How does it work under the hood? What does the mining pool server do
in terms of computation?<br />
</blockquote>
What happens behind the hood is that the pool admin uses the
combination of the miners computation, within her pool, as sort of an
extension to her computational power. To do this there's specific
software installed on the admin's server that takes care of making sure
each miner is doing the work requested. <br />
During a 10 minute block cycle, since most miners within a pool won't
actually solve the block (only 1 miner on average will), the admin
needs to make sure that miners are actually working on the problem.<br />
To do this the miners solve a reduced difficulty hash, but one that
could have also solved the actual hash, so it proves to the
administrator they're actually working on the problem.<br />
<br />
3rdt Answer <br />
<br />
<div class="post-text" itemprop="text">
Mining Pools are close to SoloMining under the hood. Most computers
and hardware would take years to generate a block because they come in
groups of 25 Bitcoins.<br />
However with a mining pool the bitcoin share goes to the server its
self and then it calculates the ammount of work that your hardware
personally did. They will then send you that ammount of bitcoins.<br />
All that the pooled mining servers do is record your amount of work. The mining server is basically Solo Mining.<br />
</div>
<br />
</div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com0tag:blogger.com,1999:blog-5238756719787327303.post-62673735269166065222014-09-20T06:33:00.000-07:002014-09-20T06:33:03.421-07:00BitCoin Mobile Payment |Bitcoin System|<div id="drr-container" itemprop="articleBody">
Before there were cell phones, there was the dream. You know the dream,
the dream of techno-optimists everywhere: Get rid of the wallet. Make
money electronic. Get rid of those inconvenient technologies like cash
and credit cards, and put it all on your phone. Pay by punching a key on
your phone. Like in Japan! And cut out a few middlemen while we're at
it. Admit it, we've all fantasized about it.<br />
<div id="drr-left">
<div class="apart-alt whitepaper" data-placement-id="drr-left">
<div class="hed">
Featured Resource</div>
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With the smartphone era, the dream of the the mobile payment network
really took off. And now, it looks like another recent technology might
help to bring us closer to that dream: <a href="http://www.citeworld.com/business/23044/bitcoin-interview-second-market-barry-silbert">Bitcoin</a>.<br />
The potential of Bitcoin as a mobile payments network isn't fanciful.
There are many potential advantages, or so the argument goes:<br />
<ul>
<li>
<strong>No middlemen. </strong>One big obstacle to making mobile
payments work has been the number of middlemen involved. OEMs. Carriers.
Mobile platform companies. POS manufacturers and service providers.
Credit card companies. Banks. Payments companies. Everybody realizes the
scale of the opportunity, and so everyone wants a piece of the action.
The predictable end result is that nothing gets done, as companies and
coalitions push differing standards and technologies. Bitcoin simplifies
by cutting everybody out. Want to buy a cup at your local coffee shop?
Just make a direct deposit of bitcoin, and boom.</li>
<li>
<strong>Low fees.</strong> Another undesirable consequence of the
proliferation of middlemen in mobile payments is high fees. High fees
increase transaction costs. The transaction costs of cash (at least for
the end user) are basically zero. This is a big problem, not just
because fees are expensive, but because if you want your mobile solution
to replace cash, you have to be able to use it for all transactions,
not just relatively large transactions that justify charging a fee.
Bitcoin is an open source technology with zero marginal cost to make a
transaction on the peer-to-peer Bitcoin network, so the fees should be
much lower.</li>
<li>
<strong>Convenience. </strong>Bitcoin is essentially electronic cash. Give it, receive it, boom. What could be more convenient?</li>
<li>
<strong>Developing markets and remittances. </strong>The benefits of
Bitcoin might be theoretical and fuzzy for most readers of this article
who have bank accounts. But a lot of people in the developing world
don't have bank accounts. However, increasingly these people have cell
phones, and they will want to move money electronically (and, therefore,
securely). Particularly to receive remittances, which totaled $440
billion in 2012 <a href="http://a%20href=%e2%80%9dhttp//web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTFINANCIALSECTOR/EXTPAYMENTREMMITTANCE/0,,contentMDK:22121552%7EmenuPK:5978015%7EpagePK:210058%7EpiPK:210062%7EtheSitePK:1943138,00.html">according to the World Bank</a>,
an amount that dwarfs government aid to the developing world.
Remittance fees are famously expensive, and the market famously opaque
and overregulated. If Bitcoin could allow remittances without fees, that
would be an economic boom to the millions (if not hundreds of millions)
of families in the developing world who rely on remittances. It just
might kickstart a mobile payments revolution. If hundreds of millions of
people in the developing world -- the markets that will probably
determine the future of large global software platforms -- start to use
Bitcoin on their mobile phones to receive remittances, they just might
leapfrog our rickety payments infrastructure and usher in the next era
of mobile payments.</li>
</ul>
So, is Bitcoin the future of mobile payments? Not so fast.<br />
There's a problem with that beautiful narrative: In the real world,
stuff is messy. The wonderful world of unregulated, open source,
middleman-free, free-also-as-in-beer is never going to happen. Why would
VCs line up to fund Bitcoin startups if they didn't think these
companies would be the VISAs and JP Morgans of the Bitcoin era -- i.e.,
fee-taking necessary middlemen? Already Coinbase, one of the most
popular Bitcoin wallet services, charges a 1% withdrawal fee -- not much
less than the 2 to 3% fee on most point-of-sale credit card
transactions.<br />
Running a modern payments system is a massively complex undertaking
that requires many companies to work together at each point of the
chain, and these companies are going to need to capture some value to
pay their employees and stockholders. In the Bitcoin ecosystem, you
already have wallet services, exchanges, payments networks, and there
will only be more. It's not a conspiracy. It's natural.<br />
Moreover, Bitcoin will either be unregulated or successful. If Bitcoin
becomes successful, it will be because entrepreneurs -- i.e., suits --
spread the Gospel of Bitcoin, and suits don't want to be thrown into
jail. Bitcoin businesspeople and regulators are already cozying up with
each other, <a href="http://www.buzzfeed.com/matthewzeitlin/new-york-state-opens-up-to-bitcoin-exchanges">as Buzzfeed's Matt Zeitlin reported</a>, just like regular bankers and regulators cozy up with each other. Welcome to the real world.<br />
What about convenience? So far, it's far less convenient than a credit
card. Before I get accused of being the guy who said the Internet would
never amount to anything because you couldn't take your laptop to the
beach -- yes, the ecosystem will mature. As the exchanges get bigger,
massive thefts like the ones recently experienced probably won't happen
as often. User-friendly services will build on top of the technology so
that grandmothers can use it.<br />
<br />
Full Artical > <a href="http://www.citeworld.com/article/2114270/mobile-byod/bitcoin-mobile-payments.html">http://www.citeworld.com/article/2114270/mobile-byod/bitcoin-mobile-payments.html</a> <br />
</div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com1tag:blogger.com,1999:blog-5238756719787327303.post-43418011219023047922014-09-20T06:13:00.004-07:002014-09-20T06:13:42.003-07:00How to Create Bitcoin Donation Button Blockchain<div class="blog_excerpt">
Bitcoin has taken the world by storm ever
since its inception on January 5, 2009. It’s been busy in those five
short years, having been called the currency of the future, a threat to
central banking systems, and we’ve even seen China, Russia, and most
other governments put restrictions on Bitcoin transactions.<br />
</div>
<div class="blog_topimgbox">
<img alt="How to Add a Bitcoin Donate Button to Your WordPress Blog" class="attachment-blogthumb wp-post-image" height="400" src="https://kinsta.com/wp-content/uploads/2014/04/8631889965_28f02404c6_b-800x500.jpg" width="640" /> </div>
Also in that time, it’s risen to a sky-high exchange rate of <a href="http://blogs.marketwatch.com/thetell/2013/11/29/bitcoin-hits-record-1242-as-it-nears-value-of-ounce-of-gold/" target="_blank">$1242 per bitcoin</a> and also plummeted to its current <a href="http://preev.com/" target="_blank">$410.30</a> exchange
rate (and it’s changing every minute). As you could probably guess, the
peer-to-peer currency isn’t exactly the epitome of stability.<br />
Whether you think Bitcoin is a beauty or a beast, it’s obviously here
to stay for the time being. If you’re enthralled by the idea of a
cyberspace currency, and would like to learn how to integrate Bitcoin
donate buttons into your WordPress blog, then you’re in the right place.
But first, a few words about exactly who that new kid on the currency
block really is.<br />
<h2>
What Is Bitcoin?</h2>
In short, few <em>really</em> understand how Bitcoin works.<br />
But there are a few things we <em>do </em>know. For one, it’s a
completely virtual currency, which means that you can’t pay Bitcoin in
bills, notes, or even a real coin. All payments occur in the cyberspace.
Secondly, there’s a huge amount of it, with the dollar equivalent of
over <a href="http://profit.ndtv.com/news/your-money/article-bitcoin-explained-in-laymans-terms-376029" target="_blank">$1.5 billion in Bitcoin circulating today</a> — numerous transactions take place every minute.<br />
You can pay for anything and everything with Bitcoin as long as the
merchant in question accepts it. That includes marketing services,
website memberships, car rentals, and — ahem, <a href="http://www.reddit.com/r/Bitcoin/comments/1vub5i/first_dutch_escort_agency_to_accept_bitcoin/" target="_blank">other stuff</a>.<br />
And, in light of this tutorial, you can also use Bitcoin to receive
donations on your WordPress blog (or any website, for that matter).
Here’s how.<br />
<h2>
Step 1. Create Your Bitcoin Wallet & BitPay Account</h2>
The first thing you need to do is set up your Bitcoin wallet — this is where all the bitcoins you receive will be stored. <a href="http://blockchain.info/" target="_blank">BlockChain</a>
is the most popular Bitcoin wallet service, due to the fact that it’s a
free web-based app you can log into anytime from anywhere.<br />
Head over there, select <strong>Create My Free Wallet</strong>, and fill in the details required on the next page.<br />
<img alt="Creating-Bitcoin-Wallet" class="alignnone size-full wp-image-1927" height="347" src="https://kinsta.com/wp-content/uploads/2014/04/Creating-Bitcoin-Wallet.png" width="640" /><br />
WRITE YOUR PASSWORD DOWN — unlike nearly every other Internet
service, you won’t be able to recover your BlockChain password if you
ever forget it. Furthermore, any bitcoins you might have owned in that
account will then be lost forever.<br />
<div class="wp-caption aligncenter" style="width: 810px;">
<a href="https://kinsta.com/wp-content/uploads/2014/04/Create-Bitcoin-Wallet.png"><img alt="Create-Bitcoin-Wallet" height="430" src="https://kinsta.com/wp-content/uploads/2014/04/Create-Bitcoin-Wallet.png" width="640" /></a><div class="wp-caption-text">
<em>Forget your password? Sorry, bud.</em></div>
</div>
After signing up, a verification e-mail will be sent to the address
you provided. Click on the confirmation link provided. Once that loads,
click on your unique login link, supply your password (the identifier
will automatically be entered), and hit <strong>Open Wallet</strong>.<br />
<div class="wp-caption aligncenter" style="width: 810px;">
<img alt="Bitcoin-Confirmation-Email" height="314" src="https://kinsta.com/wp-content/uploads/2014/04/Bitcoin-Confirmation-Email.png" width="640" /><div class="wp-caption-text">
<em>Verify your e-mail address, and click the login link.</em></div>
</div>
<div class="wp-caption aligncenter" style="width: 810px;">
<img alt="Wallet-Login" height="317" src="https://kinsta.com/wp-content/uploads/2014/04/Wallet-Login.png" width="640" /><div class="wp-caption-text">
<em>When
you click on your login link, you’ll be redirected here. Your
identifier will automatically be filled in — just key in your password.</em></div>
</div>
Once you login, you’ll be hit with a dashboard that supplies your
account’s current information: the number of bitcoins you have, the
dollar equivalent, and your Bitcoin address: an alphanumeric code (not
confidential) people use to send money to you.<br />
<img alt="Bitcoin-Wallet-Information" class="aligncenter" height="259" src="https://kinsta.com/wp-content/uploads/2014/04/Bitcoin-Wallet-Information.png" width="640" /><br />
Now, head over to <a href="http://bitpay.com/" target="_blank">BitPay</a>
and create an account. Each account is manually activated, so you’ll
have to wait a few hours after signing up to be approved as a member
(you’ll be sent an e-mail notification when that happens).<br />
If you’re a mite confused about the difference between Bitcoin,
Blockchain, and BitPay, and why you need to sign up for all of them,
think of it this way: Bitcoin is the <em>money</em>, Blockchain is your <em>bank</em>, and BitPay is essentially the same thing as PayPal for Bitcoin an <em>e-payment system</em>.
Just like centralized banks and PayPal, BlockChain and BitPay have
their own competitors and alternatives. But for the most part, they’re
the most popular choices.<br />
<h2>
Step 2. Creating Your Donate Button</h2>
Following your BitPay account approval, login to your BitPay dashboard. Click on the <strong>Accept Bitcoin </strong>link in the top navigational menu (extreme left).<br />
Select the <strong>eCommerce</strong> option, and then <b>Accept Donations </b>on the next page.<br />
<img alt="bitpay-plugins" class="alignnone size-full wp-image-1960" height="188" src="https://kinsta.com/wp-content/uploads/2014/04/bitpay-plugins.png" width="640" /><br />
Here’s where you configure your Bitcoin donate button. You can
pre-set the donation amount (e.g. $10) for that specific button, or you
can allow donors to choose their own donation amount (my personal choice
would be the latter option).<br />
After selecting pre-set or custom donations, a few fields will pop
up. Fill out the Merchant Name (your personal name or website domain),
set a short description, and if you went with a pre-set donation amount,
use the provided text box to establish that amount.<br />
<img alt="bitpay-donation" class="alignnone size-full wp-image-1958" height="421" src="https://kinsta.com/wp-content/uploads/2014/04/bitpay-donation.png" width="640" /><br />
You can also customize the URL donors are sent to after completing a
transaction (a thank-you page, for example). Lastly, enter a e-mail
address to be notified every time a donation is made.<br />
Once you’re all done with that, hit “Generate” to generate the HTML
code for your Bitcoin donate button. You can choose from three default
sizes: small, medium, and large. Copy the code provided and store it on
your computer in a Notepad document.<br />
<div class="wp-caption alignnone" id="attachment_1959" style="width: 810px;">
<img alt="bitpay-donation-generated" class="size-full wp-image-1959" height="368" src="https://kinsta.com/wp-content/uploads/2014/04/bitpay-donation-generated.png" width="640" /><div class="wp-caption-text">
<em>Copy this code.</em></div>
</div>
<h2>
Step 3. Inserting Your Donate Button in WordPress</h2>
Almost there, one last step: inserting the button code into your
website. But you can’t just insert the generated HTML into the text
editor of a page — you need to first ensure that it will work seamlessly
with WordPress. To do that, create a shortcode in your theme’s
functions.php file (<i>Appearance > Editor > Functions.php</i>) by copy/pasting the following code:<br />
<div>
<div class="syntaxhighlighter php" id="highlighter_390113">
<table border="0" cellpadding="0" cellspacing="0"><tbody>
<tr><td class="gutter"><div class="line number1 index0 alt2">
1</div>
<div class="line number2 index1 alt1">
2</div>
<div class="line number3 index2 alt2">
3</div>
<div class="line number4 index3 alt1">
4</div>
<div class="line number5 index4 alt2">
5</div>
<div class="line number6 index5 alt1">
6</div>
<div class="line number7 index6 alt2">
7</div>
</td><td class="code"><div class="container">
<div class="line number1 index0 alt2">
<code class="php keyword">function</code> <code class="php plain">wpb_bitcoin_button() {</code></div>
<div class="line number2 index1 alt1">
<code class="php spaces"> </code><code class="php plain">ob_start();</code></div>
<div class="line number3 index2 alt2">
<code class="php spaces"> </code><code class="php plain">[the bitpay code generated in step 2 goes here]</code></div>
<div class="line number4 index3 alt1">
<code class="php spaces"> </code><code class="php keyword">return</code> <code class="php plain">ob_get_clean();</code></div>
<div class="line number5 index4 alt2">
<code class="php plain">}</code></div>
<div class="line number6 index5 alt1">
</div>
<div class="line number7 index6 alt2">
<code class="php plain">add_shortcode(</code><code class="php string">'bitcoinbutton'</code><code class="php plain">, </code><code class="php string">'wpb_bitcoin_button'</code><code class="php plain">);</code></div>
</div>
</td></tr>
</tbody></table>
</div>
</div>
<div class="wp-caption alignnone" id="attachment_1929" style="width: 810px;">
<img alt="Bitcoin-Code-Donate-Button" class="size-full wp-image-1929" height="270" src="https://kinsta.com/wp-content/uploads/2014/04/Bitcoin-Code-Donate-Button.png" width="640" /><div class="wp-caption-text">
Here’s what that looks like in my theme editor.</div>
</div>
Once you’ve added this code into your functions.php and updated the
theme file, you can now use the shortcode [bitcoinbutton] whenever you’d
like to display a Bitcoin donate button on your website.
Congratulations! You’re all set to start receiving user donations via
the world’s most exciting currency!<br />
And for your information, <a href="https://kinsta.com/blog/kinsta-wordpress-hosting-accepting-bitcoin/" title="Kinsta WordPress Hosting Is Now Accepting Bitcoin">Kinsta WordPress hosting is now accepting Bitcoin payments</a>. :-)<br />
Before you leave, do me a favor and answer me this question: what’s
your opinion of Bitcoin? Is it here to stay — permanently — or is it
just another passing fad?<br />
Leave your comment below (psst! Don’t forget to use the social sharing buttons, either)!<br />
<br />
Found This Artical > <a href="https://kinsta.com/blog/add-bitcoin-wordpress/">https://kinsta.com/blog/add-bitcoin-wordpress/ </a>Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com24tag:blogger.com,1999:blog-5238756719787327303.post-11948231216521974972014-09-20T05:09:00.001-07:002014-09-20T05:09:12.744-07:00Bit of Bitcoin History<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg27WYyBSDnGSnRZ9h9edBcrh_QXDJkDBpG2ZK8eO3yo099eVIgSzVtcH23C5lqGqfWMt2jkAB_f_GgzS2KiaVopRlZ_QsUHX7YG-JWjNXvmW8zfP2dlf13IPbwkFaCyfzO_Fa5lHuOr5M/s1600/images2.jpeg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg27WYyBSDnGSnRZ9h9edBcrh_QXDJkDBpG2ZK8eO3yo099eVIgSzVtcH23C5lqGqfWMt2jkAB_f_GgzS2KiaVopRlZ_QsUHX7YG-JWjNXvmW8zfP2dlf13IPbwkFaCyfzO_Fa5lHuOr5M/s1600/images2.jpeg" /></a></div>
There’s so much talk about Bitcoin these days but some may not be that well versed in the topic.
<br />
<div dir="ltr">
Seriously, what is Bitcoin and what is its purpose? Will
it eventually be replacing the standard form of currencies in play, or
will it be something that would soon fizzle and be forgotten? Let’s
look at the history of Bitcoin and the latest happenings in digital
currency.</div>
<h1 dir="ltr">
<u><span style="font-size: small;"><strong>A Bitcoin For Your Thoughts:</strong></span></u></h1>
<div dir="ltr">
<a href="http://www.foxbusiness.com/investing/2013/03/22/bitcoin-interest-explodes-as-cyprus-nearly-implodes/">Bitcoin</a>
is a complex and anonymous type of electronic or digital currency which
can be traded for real money or local currencies such as dollars, yen
and euros. But the beauty of Bitcoin lies with it being “convenient and
untraceable, liberated from the oversight of governments and banks.”</div>
<div dir="ltr">
The currency uses cryptography or secret coding to control
its creation and transactions to ensure that no fake Bitcoins go into
circulation – unlike the standard currencies used in different countries
which can easily be counterfeited. This is also the reason why Bitcoin
does not have a central bank to manage the currency, instead relying on
an internet-based peer-to-peer network to process transactions.</div>
<div dir="ltr">
Bitcoin is created by “<a href="https://en.wikipedia.org/wiki/Bitcoin#Bitcoin_mining" target="_blank">mining</a>.” There are already <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/04/03/heres-a-simple-60-second-primer-on-bitcoin/">11 million Bitcoins in existence</a>
and once this number hits 22 million, “mining” or production of Bitcoin
would cease. People can buy Bitcoins using from various websites,
known as “Bitcoin exchanges”, such as <a href="https://mtgox.com/" target="_blank">Mt. Gox</a>.</div>
<div dir="ltr">
Think of Bitcoin as something like Facebook Credits. You
purchase these virtual coins so you can buy goods on Facebook and the
various games played on it. Bitcoin is like a real-life version of
Facebook Credits that can be used to pay for things we can actually use.</div>
<div dir="ltr">
<img alt="" class="aligncenter size-full wp-image-140855" height="360" src="http://siliconangle.com/files/2013/04/Bitcoin-deal.jpg" title="Bitcoin deal" width="540" /></div>
<h1 dir="ltr">
<strong><a href="https://en.bitcoin.it/wiki/History">The Bitcoin Timeline</a></strong></h1>
<br />
<h3 dir="ltr">
<em><strong>2008</strong></em></h3>
<ul>
<li>The domain name bitcoin.org was registered</li>
<li>Satoshi Nakamoto published <a href="http://bitcoin.org/bitcoin.pdf">Bitcoin: A Peer-to-Peer Electronic Cash System</a> that describes everything you need to know about Bitcoin.</li>
</ul>
<h3 dir="ltr">
<em><strong>2009</strong></em></h3>
<ul>
<li>Genesis block was established</li>
<li>First and second versions of Bitcoin released</li>
<li>First Bitcoin transaction happened</li>
<li>Exchange rate published</li>
</ul>
<h3 dir="ltr">
<em><strong>2010</strong></em></h3>
<ul>
<li>Bitcoin Market was established</li>
<li>10,000 BTC was used to purchase a $25 pizza</li>
<li>Version 3 was released</li>
<li>Mt.Gox, currently the world’s largest and oldest exchange, was established</li>
<li>A major vulnerability was encountered wherein transactions were being blocked</li>
<li>Exchange rate increased</li>
</ul>
<h3 dir="ltr">
<em><strong>2011</strong></em></h3>
<ul>
<li><a href="https://en.bitcoin.it/wiki/Tonal_Bitcoin">Tonal Bitcoin units were standardized</a></li>
<li>Reached parity with US Dollar</li>
<li>First BTC Conference and World Expo in New York</li>
<li>Wikileaks started accepting BTC donation</li>
<li>EFF <a href="http://siliconangle.com/blog/2011/06/21/eff-ditches-bitcoin-as-alternative-donation-currency-due-to-legal-insecurities/">stopped accepting</a> BTC for legal reasons</li>
<li><a href="http://siliconangle.com/blog/2011/06/22/bitcoin-staggering-into-near-market-illiquidity-in-wake-of-mtgox/">MtGox hacked</a></li>
<li><a href="http://siliconangle.com/blog/2011/07/07/fully-functional-bitcoin-wallet-comes-to-android/">Fully functioning BTC wallet comes to Android</a></li>
<li><a href="http://siliconangle.com/blog/2011/11/17/500000-bitcoins-transferred-in-one-exchange/">500,000 BTC in single transaction</a></li>
</ul>
<h3 dir="ltr">
<em><strong>2012</strong></em></h3>
<ul>
<li><a href="http://siliconangle.com/blog/2012/07/16/over-1-million-accounts-compromised-and-350k-stolen-by-hackers-in-one-week/">Largest theft of BTC occurred</a></li>
<li>Bitcoin Foundation was formed</li>
<li>Over 1,000 merchants started accepting BTC as payment</li>
<li>BTC Conference in London</li>
<li><a href="http://siliconangle.com/blog/2012/11/16/wordpress-com-announces-acceptance-of-bitcoins-as-payment-for-upgradesservices/">WordPress starts accepting BTC payment</a></li>
</ul>
<h3 dir="ltr">
<em><strong>2013–</strong></em></h3>
<ul>
<li><a href="http://siliconangle.com/blog/2013/01/15/bitcoinstore-plans-to-take-on-the-world-of-online-electronics-retail-with-btc/">BitcoinStore beta launched</a></li>
<li><a href="http://siliconangle.com/blog/2013/02/18/mega-embraces-bitcoin-as-bittorrent-launches-soshare-rival/">Mega accepts BTC payment</a></li>
<li>Internet Archive starts accepting BTC</li>
<li><a href="http://siliconangle.com/blog/2013/03/01/bitcoin-reaches-all-time-high-exceeds-32-usd-and-continues-upwards/">Reaches all time high value at $32</a></li>
<li><a href="http://siliconangle.com/blog/2013/03/11/bitinstant-social-engineering-dns-hijack-hack-ended-with-12480-worth-of-bitcoins-stolen/">DNS hijackers got away with $12,480 Worth of Bitcoins Stolen</a></li>
<li><a href="http://siliconangle.com/blog/2013/03/21/bitcoin-value-hits-70-and-keeps-climbing-cyprus-bailout-connection-speculated/">BTC value hits $70</a></li>
<li><a href="http://siliconangle.com/blog/2013/03/25/us-government-seeks-to-regulate-bitcoin-transactions-under-anti-money-laundering-rules/">US government seeks to regulate BTC under Anti-Money Laundering Rules</a></li>
<li><a href="http://siliconangle.com/blog/2013/03/29/bitcoin-under-attack-dwolla-mt-gox-both-hit-with-ddos-attacks-overnight/">Dwolla and Mt.Gox hit with DDoS attacks</a></li>
<li><a href="http://siliconangle.com/blog/2013/04/01/local-governments-can-now-accept-bitcoin-with-e-gov-link/">local government starts accepting BTC</a></li>
<li><a href="http://siliconangle.com/blog/2013/04/03/bitcoins-big-week-value-reaches-140-bitcoinstore-sells-500000-bitpay-hits-5-2m-for-march/">BTC value reaches $140</a></li>
<li><a href="http://techcrunch.com/2013/04/03/bitcoin-instawallet/">Instawallet hacked and shuts down indefinitely</a></li>
</ul>
<div dir="ltr">
Bitcoin is all about the money and so it’s not surprising
that it is currently under siege. Everything takes place in the virtual
realm, which makes it seem like a tasty snack to hackers.</div>
<div dir="ltr">
With all the current attacks on Bitcoin (see video clip
below for the latest on this), and increased speculation that it’s
bubble could be about to burst, are you still willing to gamble
purchasing this virtual currency? Or do you still prefer keeping your
cash on hand or your credit card in your wallet?</div>
<div dir="ltr">
<br /></div>
<div dir="ltr">
<br /></div>
<div dir="ltr">
Read Full Artical >http://siliconangle.com/blog/2013/04/04/what-is-bitcoin-heres-a-little-bit-of-bitcoin-history-for-you/</div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com4tag:blogger.com,1999:blog-5238756719787327303.post-72382882272655414192014-09-20T05:01:00.000-07:002014-09-20T05:01:32.592-07:00The Canadian Government’s Answer to Bitcoin<br />
<h3 class="synopsis" itemprop="description about" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;">
<img alt="The MintChip: The Canadian Government’s Answer to Bitcoin | Bitcoin Magazine" class="page_image thumbnail" height="283" id="page_6032677_image_330" itemprop="image" src="http://static.openruby.com/assets/pages/8b/00/8b00addf6e9330c4fe54efb725c1c896_330.jpg" width="330" />
</h3>
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However, the system gets a lot of things right. MintChip is a massive
improvement over the existing bank and credit card-based model of
finance, as payment verification is based on Bitcoin’s digital signature
model rather than central providers. Bitcoin’s ease of use, lack of
significant transaction fees, irreversibility and other cash-like
properties are all present. The level of privacy is comparable to
Bitcoin since although transactions are stored in the chips the various MintChip devices would be purchasable without ID, and cheap enough for
individuals to purchase multiple “wallets” to further secure their
privacy. Also, if users are willing to accept unbacked currency, as
Bitcoin has shown people are, the system can even theoretically survive
without any trusted parties except the chip manufacturer. As for the
implementation, the Mint is making the system accessible <span class="st"><em>Canada</em> has announced that it will tax <em>bitcoins</em> in two ways. . . . .</span>
</div>
<div class="url section section-nb">
Full article:
<a class="external_link" href="http://bitcoinmagazine.net/the-mintchip-the-canadian-governments-answer-to-bitcoin/" target="_blank">http://bitcoinmagazine.net/the-mintchip-the-canadian-gove...</a>
</div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com2tag:blogger.com,1999:blog-5238756719787327303.post-21865420765942073692014-09-20T03:56:00.000-07:002014-09-20T03:56:03.118-07:00Bitcoin Currency Definition Urduبٹ کوئن (انگریزی: bitcoin) ایک ڈیجیٹل کرنسی اور پیئر ٹو پیئر پیمنٹ نیٹورک ہے جو آزاد مصدر دستور پر مبنی ہے[8] اور عوامی نوشتہ سودا کا استعمال کرتی ہے۔ بٹ کوئن کمانے یا حاصل کرنے میں کسی شخص یا کسی بینک کا کوئی اختیار نہیں۔ یہ مکمل آزاد کر نسی ہے، جس کو ہم اپنے کمپیوٹر کی مدد سے بھی خود بنا سکتے ہیں۔<br />بٹ کوئن کرنسی کا دیگر رائج کرنسیوں مثلا ڈالر اور یورو سے موازنہ کیا جاسکتا ہے، لیکن رائج کرنسیوں اور بٹ کوئن میں کچھ فرق ہے۔<br />سب سے اہم فرق یہ ہے کہ بٹ کوئن مکمل طور پر ایک ڈیجیٹل کرنسی ہے جس کا وجود محض انٹرنیٹ تک محدود ہے، خارجی طور پر اس کا کوئی جسمانی وجود نہیں۔ اسی طرح بٹ کوئن کرنسی کے پیچھے کوئی طاقتور مرکزی ادارہ مثلا مرکزی بینک نہیں ہے اور نہ ہی کسی حکومت نے اب تک اسے جائز کرنسی قرار دیا ہے، اسی وجہ سے ریاستہائے متحدہ امریکہ کے وزارت خزانہ نے اسے غیر مرکزی کرنسی (decentralized currency) قرار دیا ہے[9] ،کیونکہ اس کرنسی کو ایک شخص براہ راست دوسرے شخص کو منتقل کرسکتا ہے، اس کے لیے کسی بینک یا حکومتی ادارہ کی ضرورت نہیں ہوتی۔ تاہم انٹرنیٹ کے ذریعہ بٹ کوئن کو دیگر رائج کرنسیوں کی طرح ہی استعمال کیا جاسکتا ہے۔<br />بٹ کوئن کا آغاز 2009ء میں کازبنام ستوشی ناکاماتو نے کیا۔[10] اسے کرپٹوکرنسی کہتے ہیں کیونکہ یہ پبلک کی کرپٹوگرافی کے اصولوں پر مبنی ہے۔ [11]<br />یہ کرنسی حسابی عمل لوگرتھم کی بنیاد پر کام کرتی ہے،جس کے لئے کمپیوٹر کو انٹر نیٹ سے منسلک کر کے، کمپیوٹر کے پروسیسر سے کام لیا جاتا ہے۔ جس کمپیوٹر کا پروسیسر جتنا طاقتور ہوتا ہے، اتنی جلد وہ حسابی عمل لوگرتھم کا سوال حل کرکے بٹ کوائن بناتا ہے۔<br />بٹ کوئن خاصی تحقیق وتجسس کا موضوع بھی رہا ہے، کیونکہ کرپٹوگرافی کرنسی ہونے کی وجہ سے اس کے مالکان اور صارفین پتہ لگانا خاصا مشکل ہے، اس وجہ سے اس کا غیر قانونی استعمال بھی کیا جاسکتا ہے۔ 2013ء میں غیر قانونی سرگرمیوں میں ملوث ویب سائٹ سلک روڈ کو امریکی ایف بی آئی نے بند، اور 144,000 بٹ کوئنز کو منجمد کردیا، اس وقت اس کی قیمت 28.5 ملین ڈالرز تھی۔[12] جبکہ امریکی حکومت بٹ کوئن کے معاملہ میں دیگر حکومتوں سے زیادہ فراخ دلی سے کام لیتی ہے۔[13] چین میں یوان کے ساتھ بٹ کوئن کی فروخت پر پابندی ہے، نیز بٹ کوئن منڈیاں (exchanges) کے لیے بینک اکاؤنٹ رکھنے کی اجازت نہیں۔<br />
<br />
<u><span style="font-size: large;"><b>کرپٹوکرنسی</b></span></u><br /><br />بٹ کوئن کو ایک کرپٹوکرنسی (انگریزی: cryptocurrency) سمجھا جاتا ہے، اس کا مفہوم یہ ہے کہ یہ کرنسی بنیادی طور پر رازداری کے اصولوں کو ملحوظ رکھتی ہے۔ نیز اسے اپنی نوعیت کی واحد کرنسی سمجھا جاتا ہے، لیکن درحقیقت اس طرح کی کم از کم 60 کرپٹوکرنسیاں انٹرنیٹ پر موجود ہیں، جن میں سے 6 کرنسیاں اصل ہیں۔ چونکہ بٹ کوئن ایک آزاد مصدرکرنسی ہے، اس لیے اس کی نقل اور اس میں کچھ اصلاحات کرکے دوسری نئی کرنسی بنائی جاسکتی ہے، اس لیے اس وقت موجود تمام کرپٹوکرنسیاں باستثناء رپل (انگریزی: Ripple) [14] بٹ کوئن کی طرح ہی کام کرتی ہیںAnonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com0tag:blogger.com,1999:blog-5238756719787327303.post-11115613285783565992014-09-20T03:48:00.001-07:002014-09-20T03:49:59.195-07:00Bitcoin A Peer-to-Peer Electronic Cash System<div style="text-align: justify;">
Abstract.<br />
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through afinancial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending.We propose a solution to the double-spending problem using a peer-to-peer network.The network timestamps transactions by hashing them into an ongoing chain ofhash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of<br />
events witnessed, but proof that it came from the largest pool of CPU power. Aslong as a majority of CPU power is controlled by nodes that are not cooperating toattack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.s</div>
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<u><span style="font-size: large;"><b>1.Introduction</b></span></u><br />
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as<br />
trusted third parties to process electronic payments. While the system works well enough for<br />
most transactions, it still suffers from the inherent weaknesses of the trust based model.<br />
Completely non-reversible transactions are not really possible, since financial institutions cannot<br />
avoid mediating disputes. The cost of mediation increases transaction costs, limiting the<br />
minimum practical transaction size and cutting off the possibility for small casual transactions,<br />
and there is a broader cost in the loss of ability to make non-reversible payments for non-<br />
reversible services. With the possibility of reversal, the need for trust spreads. Merchants must<br />
be wary of their customers, hassling them for more information than they would otherwise need.<br />
A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties<br />
can be avoided in person by using physical currency, but no mechanism exists to make payments<br />
over a communications channel without a trusted party.<br />
What is needed is an electronic payment system based on cryptographic proof instead of trust,<br />
allowing any two willing parties to transact directly with each other without the need for a trusted<br />
third party. Transactions that are computationally impractical to reverse would protect sellers<br />
from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In<br />
this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed<br />
time stamp server to generate computational proof of the chronological order of transactions. The<br />
system is secure as long as honest nodes collectively control more CPU power than any<br />
cooperating group of attacker nodes. </div>
<br />
<br />
<u><span style="font-size: large;"><b>2.Transactions</b></span></u><br />
We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the<br />
next by digitally signing a hash of the previous transaction and the public key of the next owner<br />
and adding these to the end of the coin. A payee can verify the signatures to verify the chain of<br />
ownership<br />
<br />
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<a href="http://bitcoinsystem.blogspot.com/"><img alt="http://bitcoinsystem.blogspot.com/" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSO4ZhiWnoXBbxX17VIuGtVzTkAbm5XTM0hcjucKh36VuHspRUkvCrxMaGZMY6TGUFlh1GmPTtPyf-eDK96nXA2keT6KUILS3P96pms4oKD94N9s-F8WLq2BbXlLKweAYbAEOslbDGato/s1600/Bitcoin.JPG" /></a> </div>
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The problem of course is the payee can't verify that one of the owners did not double-spend</div>
the coin. A common solution is to introduce a trusted central authority, or mint, that checks every<br />
transaction for double spending. After each transaction, the coin must be returned to the mint to<br />
issue a new coin, and only coins issued directly from the mint are trusted not to be double-spent.<br />
The problem with this solution is that the fate of the entire money system depends on the<br />
company running the mint, with every transaction having to go through them, just like a bank.<br />
We need a way for the payee to know that the previous owners did not sign any earlier<br />
transactions. For our purposes, the earliest transaction is the one that counts, so we don't care<br />
about later attempts to double-spend. The only way to confirm the absence of a transaction is to<br />
be aware of all transactions. In the mint based model, the mint was aware of all transactions and<br />
decided which arrived first. To accomplish this without a trusted party, transactions must be<br />
publicly announced [1], and we need a system for participants to agree on a single history of the<br />
order in which they were received. The payee needs proof that at the time of each transaction, the<br />
majority of nodes agreed it was the first received<br />
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<u><span style="font-size: large;"><b>3.Timestamp Server</b></span></u></div>
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The solution we propose begins with a time stamp server. A time stamp server works by taking a<br />
hash of a block of items to be timestamped and widely publishing the hash, such as in a<br />
newspaper or Usenet post [2-5]. The time stamp proves that the data must have existed at the<br />
time, obviously, in order to get into the hash. Each time stamp includes the previous time stamp in<br />
its hash, forming a chain, with each additional time stamp reinforcing the ones before it. <br />
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<a href="http://bitcoinsystem.blogspot.com/"><img alt="http://bitcoinsystem.blogspot.com/" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_3JJaU828xP3HobQThW1MNroH2FLpBzjJQHbTB4iuVmcnkbZSoY97dt-ajfjClSr-feNkr-tq-C2TodVJQg420OeJsYwYmWfDnFuaJE7Sm4byvSeCk6aE2wQOWWT7aYCpkSrxJybOCkI/s1600/Bitcoin+2.JPG" height="160" width="400" /></a></div>
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<u><b><span style="font-size: large;">4.Proof-of-Work</span></b></u></div>
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<br /></div>
To implement a distributed timestamp server on a peer-to-peer basis, we will need to use a proof-<br />
of-work system similar to Adam Back's Hashcash [6], rather than newspaper or Usenet posts.<br />
The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, the<br />
hash begins with a number of zero bits. The average work required is exponential in the number<br />
of zero bits required and can be verified by executing a single hash.<br />
For our timestamp network, we implement the proof-of-work by incrementing a nonce in the<br />
block until a value is found that gives the block's hash the required zero bits. Once the CPU<br />
effort has been expended to make it satisfy the proof-of-work, the block cannot be changed<br />
without redoing the work. As later blocks are chained after it, the work to change the block<br />
would include redoing all the blocks after it<br />
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<a href="http://bitcoinsystem.blogspot.com/"><img alt="http://bitcoinsystem.blogspot.com/" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix5Jswjchjdw66oC2ibxwIvtyGL2IDW5_wr-W6Vuq5yBp-rKYEOG8vJxFSLDa3rOoKpytUetPrQkg5JMCrvjLEIRH4kERkt4Wsi8c7xKq2KQjO-8AFGSF8hzUYUHC-LnHDu17CIwwxCkE/s1600/Bitcoin+3.JPG" height="111" width="400" /></a> </div>
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The proof-of-work also solves the problem of determining representation in majority decision</div>
making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone<br />
able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. The majority<br />
decision is represented by the longest chain, which has the greatest proof-of-work effort invested<br />
in it. If a majority of CPU power is controlled by honest nodes, the honest chain will grow the<br />
fastest and outpace any competing chains. To modify a past block, an attacker would have to<br />
redo the proof-of-work of the block and all blocks after it and then catch up with and surpass the<br />
work of the honest nodes. We will show later that the probability of a slower attacker catching up<br />
diminishes exponentially as subsequent blocks are added.<br />
To compensate for increasing hardware speed and varying interest in running nodes over time,<br />
the proof-of-work difficulty is determined by a moving average targeting an average number of<br />
blocks per hour. If they're generated too fast, the difficulty increases.<br />
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<u><span style="font-size: large;"><b>5.Network</b></span></u></div>
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The steps to run the network are as follows:<br />
1)New transactions are broadcast to all nodes.<br />
2)Each node collects new transactions into a block.<br />
3)Each node works on finding a difficult proof-of-work for its block.<br />
4)When a node finds a proof-of-work, it broadcasts the block to all nodes.<br />
5)Nodes accept the block only if all transactions in it are valid and not already spent.<br />
6)Nodes express their acceptance of the block by working on creating the next block in the<br />
chain, using the hash of the accepted block as the previous hash.<br />
Nodes always consider the longest chain to be the correct one and will keep working on<br />
extending it. If two nodes broadcast different versions of the next block simultaneously, some<br />
nodes may receive one or the other first. In that case, they work on the first one they received,<br />
but save the other branch in case it becomes longer. The tie will be broken when the next proof-<br />
of-work is found and one branch becomes longer; the nodes that were working on the other<br />
branch will then switch to the longer one. <br />
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New transaction broadcasts do not necessarily need to reach all nodes. As long as they reach</div>
many nodes, they will get into a block before long. Block broadcasts are also tolerant of dropped<br />
messages. If a node does not receive a block, it will request it when it receives the next block and<br />
realizes it missed one.<br />
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<u><span style="font-size: large;"><b>6.Incentive</b></span></u><br />
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By convention, the first transaction in a block is a special transaction that starts a new coin owned<br />
by the creator of the block. This adds an incentive for nodes to support the network, and provides<br />
a way to initially distribute coins into circulation, since there is no central authority to issue them.<br />
The steady addition of a constant of amount of new coins is analogous to gold miners expending<br />
resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.<br />
The incentive can also be funded with transaction fees. If the output value of a transaction is<br />
less than its input value, the difference is a transaction fee that is added to the incentive value of<br />
the block containing the transaction. Once a predetermined number of coins have entered<br />
circulation, the incentive can transition entirely to transaction fees and be completely inflation<br />
free.<br />
The incentive may help encourage nodes to stay honest. If a greedy attacker is able to<br />
assemble more CPU power than all the honest nodes, he would have to choose between using it<br />
to defraud people by stealing back his payments, or using it to generate new coins. He ought to<br />
find it more profitable to play by the rules, such rules that favour him with more new coins than<br />
everyone else combined, than to undermine the system and the validity of his own wealth.<br />
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<u><span style="font-size: large;"><b>7.Reclaiming Disk Space</b></span></u><br />
<br />
Once the latest transaction in a coin is buried under enough blocks, the spent transactions before<br />
it can be discarded to save disk space. To facilitate this without breaking the block's hash,<br />
transactions are hashed in a Merkle Tree [7][2][5], with only the root included in the block's hash.<br />
Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes do<br />
not need to be stored.<br />
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<a href="http://bitcoinsystem.blogspot.com/"><img alt="http://bitcoinsystem.blogspot.com/" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJHQ_lKciu9_bEMKt_MqLZkNii5uVhjPXXn83j2oVvDI4c8qpzygDBxw-RVrXBnGRwJrNlconjhyfZdnwEzVChgmsXKY23sZa7XP1QwFmexJHkHQtUTQXvk6v7Zcv0YJ6g1SM3EC6LkFM/s1600/Bitcoin4.JPG" /></a> </div>
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A block header with no transactions would be about 80 bytes. If we suppose blocks are</div>
generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems<br />
typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of<br />
1.2GB per year, storage should not be a problem even if the block headers must be kept in<br />
memory. <br />
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<u><span style="font-size: large;"><b>8.Simplified Payment Verification</b></span></u></div>
It is possible to verify payments without running a full network node. A user only needs to keep<br />
a copy of the block headers of the longest proof-of-work chain, which he can get by querying<br />
network nodes until he's convinced he has the longest chain, and obtain the Merkle branch<br />
linking the transaction to the block it's timestamped in. He can't check the transaction for<br />
himself, but by linking it to a place in the chain, he can see that a network node has accepted it,<br />
and blocks added after it further confirm the network has accepted it.<br />
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<a href="http://bitcoinsystem.blogspot.com/2014/09/bitcoin-peer-to-peer-electronic-cash.html"><img alt="http://bitcoinsystem.blogspot.com/" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuzPZ81am8r4D1tnmKsyAlV7WIjJZJslB5aOF7Hs0-ZQDtiEAzMuffdHB30fBe-BJ6HdwSQot-FO1w4a4MQfNrHXhffHCSZAZKK_n_ydZfJ38a-Tv4JlhncK-bh0yoS6uc1maqlhbGy5c/s1600/Bitcoin+5.JPG" /></a></div>
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As such, the verification is reliable as long as honest nodes control the network, but is more<br />
vulnerable if the network is overpowered by an attacker. While network nodes can verify<br />
transactions for themselves, the simplified method can be fooled by an attacker's fabricated<br />
transactions for as long as the attacker can continue to overpower the network. One strategy to<br />
protect against this would be to accept alerts from network nodes when they detect an invalid<br />
block, prompting the user's software to download the full block and alerted transactions to<br />
confirm the inconsistency. Businesses that receive frequent payments will probably still want to<br />
run their own nodes for more independent security and quicker verification.<br />
<br />
<u><span style="font-size: large;"><b>9.Combining and Splitting Value</b></span></u><br />
<br />
Although it would be possible to handle coins individually, it would be unwieldy to make a<br />
separate transaction for every cent in a transfer. To allow value to be split and combined,<br />
transactions contain multiple inputs and outputs. Normally there will be either a single input<br />
from a larger previous transaction or multiple inputs combining smaller amounts, and at most two<br />
outputs: one for the payment, and one returning the change, if any, back to the sender. <br />
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<a href="http://bitcoinsystem.blogspot.com/"><img alt="http://bitcoinsystem.blogspot.com/" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhP0A-RyPksIktUYLDoqyka9c1z5pWqbcEttaXMXdhgFedgUMJzrMP4WTLskWVP-9PEN7CdRhNtTr6xPTK7FSjPsB4iXIecopb7FabZ76SFVypCPqT8yebqkR0H011Cf_CmGxIL_bGHOkM/s1600/Bitcoin+6.JPG" height="233" width="400" /></a> </div>
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It should be noted that fan-out, where a transaction depends on several transactions, and those</div>
transactions depend on many more, is not a problem here. There is never the need to extract a<br />
complete standalone copy of a transaction's history.<br />
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<u><span style="font-size: large;"><b>10.Privacy</b></span></u></div>
The traditional banking model achieves a level of privacy by limiting access to information to the<br />
parties involved and the trusted third party. The necessity to announce all transactions publicly<br />
precludes this method, but privacy can still be maintained by breaking the flow of information in<br />
another place: by keeping public keys anonymous. The public can see that someone is sending<br />
an amount to someone else, but without information linking the transaction to anyone. This is<br />
similar to the level of information released by stock exchanges, where the time and size of<br />
individual trades, the "tape", is made public, but without telling who the parties were.<br />
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<a href="http://bitcoinsystem.blogspot.com/2014/09/bitcoin-peer-to-peer-electronic-cash.html"><img alt="http://bitcoinsystem.blogspot.com/" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfSHcFxn5hTSpcfzE0HHttxL69YzvThJ6RxI-AayXh9MWBhHTwYmOkCAu1Rw2Ei8O2nG08EBzcTX9NHKOYDOZXue75PnJ59Y2aJq1wa6dZO8q8nkXOKZaxUA_WvTAw9rPXD3YyQsZ3D3I/s1600/Bitcoin+7.JPG" /></a> </div>
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As an additional firewall, a new key pair should be used for each transaction to keep them</div>
from being linked to a common owner. Some linking is still unavoidable with multi-input<br />
transactions, which necessarily reveal that their inputs were owned by the same owner. The risk<br />
is that if the owner of a key is revealed, linking could reveal other transactions that belonged to<br />
the same owner.<br />
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<u><span style="font-size: large;"><b>11.Calculations</b></span></u><br />
We consider the scenario of an attacker trying to generate an alternate chain faster than the honest<br />
chain. Even if this is accomplished, it does not throw the system open to arbitrary changes, such<br />
as creating value out of thin air or taking money that never belonged to the attacker. Nodes are<br />
not going to accept an invalid transaction as payment, and honest nodes will never accept a block<br />
containing them. An attacker can only try to change one of his own transactions to take back<br />
money he recently spent.<br />
The race between the honest chain and an attacker chain can be characterized as a Binomial<br />
Random Walk. The success event is the honest chain being extended by one block, increasing its<br />
lead by +1, and the failure event is the attacker's chain being extended by one block, reducing the<br />
gap by -1.<br />
The probability of an attacker catching up from a given deficit is analogous to a Gambler's<br />
Ruin problem. Suppose a gambler with unlimited credit starts at a deficit and plays potentially an<br />
infinite number of trials to try to reach breakeven. We can calculate the probability he ever<br />
reaches breakeven, or that an attacker ever catches up with the honest chain, as follows [8]:<br />
p<br />
= probability an honest node finds the next block<br />
q<br />
= probability the attacker finds the next block<br />
q<br />
z<br />
= probability the attacker will ever catch up from z blocks behind <br />
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<a href="http://bitcoinsystem.blogspot.com/"><img alt="http://bitcoinsystem.blogspot.com/" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisIIj0pvXdvkKWZ9Q2u9YGbCbQIL4X-38-F4ijq62UZhlopDx573-DS7O6GYijoj3idfRRxLhCnMtZ2x0_jblgSz_KdoR-aAtMP2L3QvYxX49MySQYfBOSHi__ZjAhxwYD_GBfzXgENuA/s1600/8.JPG" /></a> </div>
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Given our assumption that</div>
p > q<br />
, the probability drops exponentially as the number of blocks the<br />
attacker has to catch up with increases. With the odds against him, if he doesn't make a lucky<br />
lunge forward early on, his chances become vanishingly small as he falls further behind.<br />
We now consider how long the recipient of a new transaction needs to wait before being<br />
sufficiently certain the sender can't change the transaction. We assume the sender is an attacker<br />
who wants to make the recipient believe he paid him for a while, then switch it to pay back to<br />
himself after some time has passed. The receiver will be alerted when that happens, but the<br />
sender hopes it will be too late.<br />
The receiver generates a new key pair and gives the public key to the sender shortly before<br />
signing. This prevents the sender from preparing a chain of blocks ahead of time by working on<br />
it continuously until he is lucky enough to get far enough ahead, then executing the transaction at<br />
that moment. Once the transaction is sent, the dishonest sender starts working in secret on a<br />
parallel chain containing an alternate version of his transaction.<br />
The recipient waits until the transaction has been added to a block and z blocks have been<br />
linked after it. He doesn't know the exact amount of progress the attacker has made, but<br />
assuming the honest blocks took the average expected time per block, the attacker's potential<br />
progress will be a Poisson distribution with expected value: <br />
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<a href="http://bitcoinsystem.blogspot.com/2014/09/bitcoin-peer-to-peer-electronic-cash.html"><img alt="http://bitcoinsystem.blogspot.com/" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjy50wc7iIUjdODD7zxRrjQZi_TlWT8loNSp9c2nF-hSQb8G9ZXsNlEgxlTWnpbx9C2a8QaXXj7C1G5yuG9dMtOmm7l6JzHMfV3-Dog2G-YtTSOq4DWOYKz5Rjs6Ex-sQVw8V4TGeH1fSs/s1600/8.JPG" /></a></div>
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Converting to C code...</div>
#include <math.h><br />
double AttackerSuccessProbability(double q, int z)<br />
{<br />
double p = 1.0 - q;<br />
double lambda = z * (q / p);<br />
double sum = 1.0;<br />
int i, k;<br />
for (k = 0; k <= z; k++)<br />
{<br />
double poisson = exp(-lambda);<br />
for (i = 1; i <= k; i++)<br />
poisson *= lambda / i;<br />
sum -= poisson * (1 - pow(q / p, z - k));<br />
}<br />
return sum;<br />
}<br />
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Running some results, we can see the probability drop off exponentially with z.</div>
q=0.1<br />
z=0 P=1.0000000<br />
z=1 P=0.2045873<br />
z=2 P=0.0509779<br />
z=3 P=0.0131722<br />
z=4 P=0.0034552<br />
z=5 P=0.0009137<br />
z=6 P=0.0002428<br />
z=7 P=0.0000647<br />
z=8 P=0.0000173<br />
z=9 P=0.0000046<br />
z=10 P=0.0000012<br />
q=0.3<br />
z=0 P=1.0000000<br />
z=5 P=0.1773523<br />
z=10 P=0.0416605<br />
z=15 P=0.0101008<br />
z=20 P=0.0024804<br />
z=25 P=0.0006132<br />
z=30 P=0.0001522<br />
z=35 P=0.0000379<br />
z=40 P=0.0000095<br />
z=45 P=0.0000024<br />
z=50 P=0.0000006<br />
Solving for P less than 0.1%...<br />
P < 0.001<br />
q=0.10 z=5<br />
q=0.15 z=8<br />
q=0.20 z=11<br />
q=0.25 z=15<br />
q=0.30 z=24<br />
q=0.35 z=41<br />
q=0.40 z=89<br />
q=0.45 z=340<br />
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<u><span style="font-size: large;"><b>12.Conclusion</b></span></u><br />
We have proposed a system for electronic transactions without relying on trust. We started with<br />
the usual framework of coins made from digital signatures, which provides strong control of<br />
ownership, but is incomplete without a way to prevent double-spending. To solve this, we<br />
proposed a peer-to-peer network using proof-of-work to record a public history of transactions<br />
that quickly becomes computationally impractical for an attacker to change if honest nodes<br />
control a majority of CPU power. The network is robust in its unstructured simplicity. Nodes<br />
work all at once with little coordination. They do not need to be identified, since messages are<br />
not routed to any particular place and only need to be delivered on a best effort basis. Nodes can<br />
leave and rejoin the network at will, accepting the proof-of-work chain as proof of what<br />
happened while they were gone. They vote with their CPU power, expressing their acceptance of<br />
valid blocks by working on extending them and rejecting invalid blocks by refusing to work on<br />
them. Any needed rules and incentives can be enforced with this consensus mechanism.<br />
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<span style="color: lime;"><u><b><span style="font-size: x-large;"> References</span></b></u></span></div>
[1] W. Dai, "b-money," http://www.weidai.com/bmoney.txt, 1998.<br />
[2] H. Massias, X.S. Avila, and J.-J. Quisquater, "Design of a secure timestamping service with minimal<br />
trust requirements," In20th Symposium on Information Theory in the Benelux, May 1999.<br />
[3] S. Haber, W.S. Stornetta, "How to time-stamp a digital document," In<br />
Journal of Cryptology, vol 3, no2, pages 99-111, 1991.<br />
[4] D. Bayer, S. Haber, W.S. Stornetta, "Improving the efficiency and reliability of digital time-stamping,"<br />
In Sequences II: Methods in Communication, Security and Computer Science<br />
, pages 329-334, 1993.<br />
[5] S. Haber, W.S. Stornetta, "Secure names for bit-strings," In Proceedings of the 4th ACM Conference<br />
on Computer and Communications Security, pages 28-35, April 1997.<br />
[6] A. Back, "Hashcash - a denial of service counter-measure,"http://www.hashcash.org/paper/hashcash.pdf, 2002.<br />
[7]R.C. Merkle, "Protocols for public key cryptosystems," In Proc. 1980 Symposium onSecurity and<br />
Privacy, IEEE Computer Society, pages 122-133, April 1980.<br />
[8]W. Feller, "An introduction to probability theory and its applications," 1957.<br />
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Source > https://bitcoin.org/bitcoin.pdfAnonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com0tag:blogger.com,1999:blog-5238756719787327303.post-92033082323673484442014-09-20T01:12:00.002-07:002014-09-20T01:12:21.227-07:00 Bitcoin in China |CNBC International |BitcoinSystem<div style="text-align: center;">
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Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com0tag:blogger.com,1999:blog-5238756719787327303.post-13236231282483209862014-09-20T00:59:00.003-07:002014-09-20T00:59:54.975-07:00What is Bitcoin CRYPTORY In Urdu Detail<div style="text-align: justify;">
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Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com8tag:blogger.com,1999:blog-5238756719787327303.post-45446317113071651742014-09-20T00:25:00.000-07:002014-09-20T00:53:40.812-07:0010 Easy ways to earn Bitcoin<span style="font-size: small;"><b>The following is a guest post, written by BaBaCooDa</b></span>.<br />
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<u><span style="font-size: large;"><span class="st"><span class="st"></span></span></span></u><i> </i>Bitcoin faucets have played an essential role in the history of Bitcoin.
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<br />Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com2tag:blogger.com,1999:blog-5238756719787327303.post-79306672455998908172014-09-19T23:45:00.000-07:002014-09-19T23:45:07.560-07:00Bitcoin Genesis Mining<section class="caption group">This year
has seen the arrival of a number of “cloud” mining services - companies
that will sell you mining contracts and pay you out with the proceeds.
Generally this means you’re renting mining hardware directly, and you
get paid out with whatever that hardware produces.<div class="cont group">
<a href="https://www.genesis-mining.com/" target="_blank">Genesis Mining</a>
is a bit different, in that you don’t rent the hardware directly.
Instead, you get a contract for a set amount of hashing power, which you
can target against various alt-coins like DarkCoin, LiteCoin, etc. At
the end of the day, Genesis Mining converts your mining efforts back
into Bitcoins and pays out into your own wallet.<br />
The site has a nice dashboard that lets you allocate your hashing
power to one or more alt-coins, or just set it to auto and they’ll
calculate the most profitable coin to mine for you.<br />
<div style="text-align: center;">
<img src="http://media.tumblr.com/0baa2cd113c11ca42ae055d50750fe7a/tumblr_inline_n8pp6eDXNO1ri376y.png" /></div>
I signed up a bit over a month ago, and purchased a total of 6 MH/s,
for 1.52954788 BTC, or about $940 USD at the time. I’ve left the mining
set to “auto”, so Genesis Mining can figure out which coin is the most
profitable.<br />
Here’s what my payouts have looked like since then (the date format is dd.mm.yyyy):<br />
<div style="text-align: center;">
<img src="http://media.tumblr.com/6e775d5cad0862405602a14a459d7299/tumblr_inline_n8powxkbe01ri376y.png" /></div>
While I’ve made back 0.351144 (23% of my initial investment) in a bit
over a month, you can see that payouts are definitely trending down.
I’m happy with the payouts so far, but I would like to know, on a daily
basis, just what my MH/s are being used to mine.<br />
I’ll update again in the future to show how it’s going. Hopefully, I’ll at least break even by the 6 month-mark.<br />
<br />
Source > http://blog.bitcoinbeginner.com/post/91758621266/genesis-mining </div>
</section>Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com6tag:blogger.com,1999:blog-5238756719787327303.post-56962183388601198252014-09-19T23:34:00.000-07:002014-09-19T23:34:00.627-07:00Bitcoin Securing your wallet Tips<div class="content" id="content">
If you are about to explore Bitcoin, there are a
few things you should know. Bitcoin lets you exchange money in a
different way than with usual banks. As such, you should take time to
inform yourself before using Bitcoin for any serious transaction.
Bitcoin should be treated with the same care as your regular wallet, or
even more in some cases!
<h2>
<img alt="Icon" class="titleicon" src="https://bitcoin.org/img/ico_key.svg" />Securing your wallet</h2>
Like in real life, your wallet must be secured. Bitcoin makes it
possible to transfer value anywhere in a very easy way and it allows you
to be in control of your money. Such great features also come with
great security concerns. At the same time, Bitcoin can provide very high
levels of security if used correctly. Always remember that it is your
responsibility to adopt good practices in order to protect your money. <a href="https://bitcoin.org/en/secure-your-wallet"><b>Read more about securing your wallet</b></a>.<br />
<h2>
<img alt="Icon" class="titleicon" src="https://bitcoin.org/img/ico_market.svg" />Bitcoin price is volatile</h2>
The price of a bitcoin can unpredictably increase or decrease over a
short period of time due to its young economy, novel nature, and
sometimes illiquid markets. Consequently, keeping your savings with
Bitcoin is not recommended at this point. Bitcoin should be seen like a
high risk asset, and you should never store money that you cannot afford
to lose with Bitcoin. If you receive payments with Bitcoin, many
service providers can convert them to your local currency.<br />
<h2>
<img alt="Icon" class="titleicon" src="https://bitcoin.org/img/ico_irreversible.svg" />Bitcoin payments are irreversible</h2>
Any transaction issued with Bitcoin cannot be reversed, they can only
be refunded by the person receiving the funds. That means you should
take care to do business with people and organizations you know and
trust, or who have an established reputation. For their part, businesses
need to keep control of the payment requests they are displaying to
their customers. Bitcoin can detect typos and usually won't let you send
money to an invalid address by mistake. Additional services might exist
in the future to provide more choice and protection for the consumer.<br />
<h2>
<img alt="Icon" class="titleicon" src="https://bitcoin.org/img/ico_anon.svg" />Bitcoin is not anonymous</h2>
Some effort is required to protect your privacy with Bitcoin. All
Bitcoin transactions are stored publicly and permanently on the network,
which means anyone can see the balance and transactions of any Bitcoin
address. However, the identity of the user behind an address remains
unknown until information is revealed during a purchase or in other
circumstances. This is one reason why Bitcoin addresses should only be
used once. Always remember that it is your responsibility to adopt good
practices in order to protect your privacy. <a href="https://bitcoin.org/en/protect-your-privacy"><b>Read more about protecting your privacy</b></a>.<br />
<h2>
<img alt="Icon" class="titleicon" src="https://bitcoin.org/img/ico_fast.svg" />Instant transactions are less secure</h2>
A Bitcoin transaction is usually deployed within a few seconds and
begins to be confirmed in the following 10 minutes. During that time, a
transaction can be considered authentic but still reversible. Dishonest
users could try to cheat. If you can't wait for a confirmation, asking
for a small transaction fee or using a detection system for unsafe
transactions can increase security. For larger amounts like 1000 US$, it
makes sense to wait for 6 confirmations or more. Each confirmation <i>exponentially</i> decreases the risk of a reversed transaction.<br />
<h2>
<img alt="Icon" class="titleicon" src="https://bitcoin.org/img/ico_lab.svg" />Bitcoin is still experimental</h2>
Bitcoin is an experimental new currency that is in active
development. Although it becomes less experimental as usage grows, you
should keep in mind that Bitcoin is a new invention that is exploring
ideas that have never been attempted before. As such, its future cannot
be predicted by anyone.<br />
<h2>
<img alt="Icon" class="titleicon" src="https://bitcoin.org/img/ico_invoice.svg" />Government taxes and regulations</h2>
Bitcoin is not an official currency. That said, most jurisdictions
still require you to pay income, sales, payroll, and capital gains taxes
on anything that has value, including bitcoins. It is your
responsibility to ensure that you adhere to <a href="http://bitlegal.io/">tax and other legal or regulatory mandates</a> issued by your government and/or local municipalities.<br />
<br />
Source > https://bitcoin.org/en/you-need-to-know <br />
</div>
Anonymoushttp://www.blogger.com/profile/08357832915854879426noreply@blogger.com1