What is BitCoin?

What is bitcoin? What are the cryptocurrencies?

Do you want to remove me at least a bit of mining?

What is bitcoin? What is Bitcoin?
Bitcoin is an online virtual currency that we can not touch or fill in our wallet. BitToine can be used online and you can convert it to dollar or any other currency and deposit it in your bank account. Online virtual currency is called cryptocurrency.

According to the July 2017 report, more than 900 types of cryptocurrency exist on the Internet. Some of them are Litecoin, Ethereum, Dogecoin, Peercoin, Primecoin, Ripple. Bitcoin was invented in 2009 by software engineer Satoshi Nakamoto. Bitcoin is not handled by any government or authority, hence it is called the first decentralized digital currency.


How does bitcoin work? How Bitcoin Works?
Satoshi is made up of 100,000,000 (1 crore) Satoshi and creates 1 bitcoin. You can buy, trade, trade bitcoins, mine bitcoins, buy bitcoins in exchange for something, or you can sell bitcoins if you want. You can put your bitcoin in your online bitcoin wallet. Not only can you keep bitcoins, but all other crypto can be kept in your online wallet.

You can buy luggage from bitcoin on those websites which have the facility of bitcoin transactions. Or you can sell any of your own goods in exchange for bitcoin.


It all works on a blockchain network in which the miner has to solve Bitcoin Blocks. A block is given 10 minutes to solve and 2,16,000 blocks take about 4 years to solve.

Bitcoin works by 3 people. The first person buys bitcoin and the second person sends bitcoin and the third person is the one who completes the transaction of those first two persons by bitcoin mining through bitcoin mining.

What is bitcoin mining? What is Bitcoin Mining?
People from all over the world send bitcoin to each other, which is complete through a transaction. But this online transaction is not complete as it is in the transaction of a simple bank. These incomplete transactions are called blocks. Transactions of bitcoin or cryptocurrency are completed when another user solves these blocks by mining bitcoins.

When a user mine bitcoins with the help of his computer and hardware equipment such as Bitcoin Miner, the transactions of bitcoins are completed. In this, the person who does bitcoin receives some cryptocurrency to complete the transaction that he receives from his Bitcoin Mining Pool's server on his Bitcoin Wallet.

How to make money with bitcoin? How to Make Money with Bitcoin?
Today there are millions of online Uses who are making money through bitcoins. There are many ways to earn money online with the help of bitcoins such as -

Bitcoin Trading Bitcoin Trading
Bitcoin trading almost works just like the stock market. In this, you have to buy bitcoins from a company providing bitcoins and you can keep them on your bitcoin wallet just like a stock. When the price of bitcoin increases, you can sell it if you want.

Bitcoin Mining Bitcoin Mining
You can do bitcoin mining in two ways - Bitcoin Cloud Mining and Bitcoin Hardware by month.

What is bitcoin cloud mining? Bitcoin Cloud Mining
There are many websites on the Internet that provide cloud mining facilities. You can get bitcoins mined by investing some money on those websites. On those websites you get the speed of MH / s, GH / s, TH / s which mine bitcoins and after mine, bitcoins are deposited in your online wallet.


 What is hardware Bitcoin minning?
It is called hardware mining because you need hardware to do bitcoin mining, which we call bitcoin minor. For this you have to buy Bitcoin Minor which you can mine Bitcoin by connecting it with Bitcoin Mining Pool. If you have some money to invest, then buying Bitcoin Minor can be beneficial for you because you are sitting at home