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How to Use Bitcoin

Plenty of people who are new to the concept of Bitcoin often ask “how do you use Bitcoin?” and the answer to this question is not that easy because Bitcoin works in the same way as traditional currency. The only difference is that it exists in the form of code and stored on High-Tec computers.

Since the majority of visitors who come to our site are freshies and looking to learn as much as they can about Bitcoin, we will provide a quick guide on how to use Bitcoin.

Start with A Bitcoin Wallet:

The first and foremost thing needed to start your Bitcoin venture is a Bitcoin wallet. There are several types of Bitcoin wallets, but Coinbase or Blockchain are the friendliest ones, especially for those who are new to Bitcoin world.

A Bitcoin wallet works the same way a software (Yahoo, Gmail, etc.) does for receiving emails or a traditional bank account does to send or receive money. But in this case, only Bitcoins are stored in the wallet.

A wallet comes in the form of a software and allows you to send, receive or store the cryptocurrency.

In order to receive Bitcoins, you are required to give the sender your Bitcoin address which starts from 1 or 3; followed by a string of random numbers and letters.

Here’s an example of a bitcoin address: 1GrwYYTDJic27cstVCjzS8Muvutw6JUYqB

Get Some Bitcoins:

Once you have your Bitcoin address and a wallet, all you need is some coins. wondering how to buy coins? check out our guide on how to buy bitcoins from PayPal in two minutes. Apart from PayPal, there are several other methods too. However, the cost will vary based on which method of payment you choose – reversible or irreversible.

The reversible payments (credit card, PayPal, etc.) cost more than irreversible ones (bank/wire transfer) due to the risks involved in the transaction.

Now that you have bought coins, it’s time to put them to good use.

How to Use Bitcoin?

The number of companies starting to accept Bitcoin as a method of payment is growing each day. Some top-notch companies like Microsoft, Overstock, Virgin Galactic, etc. are now offering their services in exchange of Bitcoin.

You can use your coins to buy virtually anything through a Bitcoin debit card. The card also gives you the freedom to shop physically at all the Bitcoin-accepting stores.

If shopping isn’t your priority, make an investment of your Bitcoin assets. There are several ways in which you can invest your coins. Following are the most common ones:

  • Bitcoin trading
  • Holding on to them
  • Getting mining equipment

But before you make an investment, remember that Bitcoin investment can be a risky business due to high volatility in its value.

Another use of Bitcoin is to open an online store and set Bitcoin as an additional method of payment. It will not only give you an opportunity to earn bitcoins but will also provide an extra payment option to your clients.

Lastly, your coins can be used to settle a bet, pay back a friend who bought you dinner or return a loan. In conclusion, Bitcoin can do almost anything that traditional currency does. The only difference is that Bitcoin exists virtually and is relatively new in the market.

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

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

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

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

Related: A Beginner’s Guide to Tor

  1. *.Onion.to

 

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

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

Related: How to use tor browser on iPhone?

 

  1. *.Onion.nu

 

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

 

e.g. xyzypuo.onion.nu

  1. *.Onion.cab

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

e.g. dirnxxdraygbifgc.onion.cab

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

  1. HiddenService.net

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

E.g. dirnxxdraygbifgc.hiddenservice.net

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

  1. Tor2Web.org

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

Good luck with your deep web venture!

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Online Pharmacy Bitcoin – Do Online Pharmacies Accept Bitcoin?

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Online pharmacies are the pharmacies that allow purchasing of the medications hard to find at physical drug stores. Due to increase in the demand for prescription drugs, numerous online pharmacies have popped up on the chart. These pharmacies mainly deal only with fiat. However, with the ever-growing popularity of cryptocurrencies, the trend is starting to shift as online pharmacies have already started accepting Bitcoin payments in exchange for their services. In addition, some online pharmacies offer special discounts to those who opt for Bitcoin as a payment option due to simple Bitcoin exchange rates.

Bitcoin Online Pharmacies – Bitcoin As A Payment Option:

Over the last couple of years, there has been an alarming rise in drug prices. The same medications cost $11 are now being sold for over $35. Yes, more than 200% higher!!!

This astonishing price increase is really a worrying issue. However, there is one solution: Bitcoin. A lot of online pharmacies are allowing their customers to pay in Bitcoin for convenient purchases. Also, some financial analysts have shown their support for Bitcoin pharmacy trend and declared it a good investment option.

Those who have put some of their resources into Bitcoin for the sake of increasing income in near future; they indeed have made a good deal.

At this point, one might ask: “Why using Bitcoin as a payment option is a good deal?” Well, Bitcoin is a safe mode of doing business. It is not tied to your bank account, provides user anonymity, and takes the security to another level to complete online purchases.

How To Use Bitcoin As A Payment?

The majority of online pharmacies accepting Bitcoin offer special discounts to their customers who use Bitcoin to pay the bills. Anyone who wishes to pay in Bitcoin must own a virtual wallet and have access to a Bitcoin buying platform.

The online pharmacies have established a guideline for their crypto users. According to the guideline, a user must not engage in buying or selling Bitcoin until they receive an email, confirming the number of bitcoins required to complete the order.

This helps the customers avoid any security-related issues.

What Are The Best Places To Buy Prescription Drugs Online With Bitcoin?

Once you have made up your mind to buy prescription drugs online with Bitcoin, do a simple Google search. The results will contain many names that incorporate Bitcoin payments.

Some names that you might want to bookmark are:

  • pharmaci.online
  • onestoppharma.org
  • onesteppharma.net

Wrap Up:

With the latest advancements in cryptocurrency technology, bitcoin health stores have become an essential part of the payment system. As a result, several online pharmacies are now offering their services for Bitcoin. To encourage the usage of this currency, the pharmacies are also offering special discounts to those buying their products with Bitcoin, thus lowering the cost of prescription medicines.

 

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How Does Bitcoin Exchange Work and What Are Some Ways to Earn Bitcoin?

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Ways to Earn Bitcoin

Bitcoin is a notoriously volatile digital currency, yet a number of investors trying to exploit this currency keeps on growing each day. As with speculative market and extreme volatility, investing in Bitcoin can be a risky move and can cost you huge sums of real money. The best advice for those looking to invest in Bitcoin is to proceed with caution.

How Do Bitcoin Exchanges Work?

Bitcoin exchanges work the same way physical currency exchanges do. It’s like buying one currency with another.

The value of a country’s physical currency is a reflection of the economic and financial well-being of that country.

For example, the US dollar is worth more than that of Mexican peso due to disparities between the two economies. Therefore, a US dollar can buy plenty of Mexican pesos.

And same rules apply for Bitcoin. The only difference here is that the value of Bitcoin is not economy based but the work performed by your computer.

Bitcoin exchanges act as intermediaries for a transaction, converting bitcoins to dollars/other currencies, and then converting those currencies back to Bitcoin or dollars. These constantly shifting values provide savvy investors with the golden opportunity to capitalize on these trends. However, the money can be lost as easily as earned due to the extreme Bitcoin volatility.

How to Make Your Way into Bitcoin?

After knowing all the risks involved, if you still want to take a dive and make your way into Bitcoin, here are some of the ways to start your Bitcoin venture.

Bitcoin Mining:

The easiest way into Bitcoin is mining, but it’s also the slowest. The miners are required to:

  • Setup a computer that is dedicated to bitcoin decryption (Learn how to set up a Bitcoin miner)
  • Install a bitcoin mining software like BitcoinCore
  • Wait until it completes the decryption

All this can take up to a few weeks to more than a year to decrypt a single block. If you want the coins faster, you will be required to buy a purpose-built mining rig. But sadly, these rigs are unbelievably expensive. A 128 GHs rig costs around $2,400 and the prices only go up from there. The more advanced the rig, the costlier it is.

Join Mining Pools:

Another way to earn Bitcoin is by joining a mining pool. A mining pool is a cluster of internet-connected computers that breaks the work of a block into smaller blocks. These blocks are then shared among the participating computers.

As soon as the decryption completed, the coins are awarded to the miners based on their contribution.

Want Faster Coins? Play the Markets:

The quickest way to make Bitcoin is going straight to the markets. All you have to do is to sign up on a reputed Bitcoin exchange such as Mt. Gox and respond to a confirmation mail to verify your mail address.

The system then asks you to confirm your residence address of last six months and provide a photo ID.

Once you have gone through the verification process, then it’s just a matter of depositing money and waiting for the market to offer a perfect opportunity to make money.

Just like every other Bitcoin exchange Mt. Gox charges a fee of .25% to .60% per transaction.

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Bitcoin Mining – An Italian Bank’s Server Was Hijacked

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That was the time when you had the option to snip your company’s server power and mine bitcoin for yourself.

British cyber security

During last week presentation, British cyber security professionals had some discussion to tell about the sneaky and illegal mining of the bitcoins. In January 2015, Darktrace considers a possible interference in Italian bank’s system.

The firm exposes that the data is diffuse from one of the bank’s server to the European crime association. Director of the Darktrace Dave Palmer declares in Al summit, “It was a fairly well known European criminal botnet.” He says “The data was not customer data; it turned out to be a fairly buggy implementation of bitcoin mining software.”

The hijacked Italian bank was revealed speedily. It was inactivated within half an hour of it beginning to mine bitcoin. Palmer says, “I don’t think they made very much money out of it.”

2014 was the prime time for the criminal bitcoin mining activities. Palmer says, “It was super fashionable to have coin mining going on alongside sending spam from botnets.” According to the Palmer, bank server case was rare in the history, because these activities’ victims are laptops or desktops mostly.

Darktrace didn’t have the complete data of the mining malware. But Palmer says, “felt like it was a daily occurrence.” In that case, the company perceived 24 such cases in last six months across 24,000 monitoring sites. He says, “It has really dropped off.”

 

Palmer’s Experience

Although, mature cyber criminals steal computing power for mining in that days. It was common among the employees calmly mining from corporate laptops. Palmer says, “We’ve seen normal employees running these services on their workstations overnight.” Accordingly, “No surprise; people do all sorts of things like peer-to-peer file sharing and hosting Tor nodes [infrastructure for the anonymized network that’s part of the dark web], so I bet there is a load of coin mining stories all over the place.”

In addition, Few employees took their digital currency passion a step too far. Darktrace has found the same server covered by company’s staff in data center mining bitcoin non-stop. The severs advantage from superior cooling systems and consistent power supply at data center. Palmer says, “We found employees had procured some servers, [and] had hidden them under the data center false flooring.” And, “They were ‘off-the-record’ servers that no one recognized, mining coins 24/7.”

Those days of secret Bitcoin mining is now over. In addition, too much computing power is needed to mine bitcoin. Now, thousands of the servers are stored in huge warehouses. In addition, processing power increased by 770-fold since 2014, leaving the little chance for cyber criminals. Palmer says, “I think we have seen the last of successful coin mining.”

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Ethereum- a cryptocurrency that could help to replace Uber

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2017 is the big year for Bitcoin. The highest value, disappointment from SEC ‘the Winklevoss twins and the price higher than the gold.

But other digital currencies are also growing in volume. Ethereum is the just like Bitcoin but more complex. Earlier of this month ethereum approaches against the bitcoin in its daily volume.

So, do I know about Ethereum?

A distributed application support to crypto-market same as Bitcoin. You can shop with ethereum anyplace that accept it. Where ethereum is running on a smart contract, named as blockchain. Under the certain conditions, the system allows the trading of ethereum. Bitcoin also runs on the blockchain but don’t have an extra step for the completion of the trading process.

Ethereum can do that Bitcoin can’t????

This cryptocurrency is not an alien’s currency in this digital world. In addition, with little bit difference ether has the same features as the bitcoin has. Smart contract means you are performing something different from the daily routine such as shopping with ethereum. Furthermore, if you want to place a bet, ethereum will pay in case of Patriots wins.

By using ethereum you can arrange the crowdfunding campaign. According to the Huffington post, “Things are possible with Ethereum that aren’t imaginable with any other technology today.” Means your money will be taken over if the project didn’t meet its goals.

The smart contract has the power to replace lawyer, CEOs, and companies as well.

A Ph.D. student Benedikt Bunz says, “You don’t need to have Uber, the company, anymore,” and, “You could have the Uber contract handle the money and do the payouts.”

How use the Ethereum now?

Basically, ethereum is at its early experimental stage. Investors and speculators just keep their focus on building new applications – not working on the ethereum’s ATMs.

How can I buy Ethereum?

Just like bitcoin you need to register yourself with well-reputed company and place order for purchasing of the bitcoin.

What is the value of Ethereum?

March 24, 2017, ethereum’s values was $24 and now today ethereum’s value is $278.48.

What Ethereum already was done?

Ethereum is also used in build apps by taking the advantage of smart contract technology. Few of them use backing microfinance, build a practical world and prevent individuality of theft.

Is Ethereum is only substituted to Bitcoin?

No, there are more than 600 actives cryptocurrencies in the digital market. But, Ethereum comes with the complete different setup of the facilities.

Different risk of Ethereum

If there is something wrong with ethereum’s smart contract, the program will not crash only but it will sweep away all the money with no way to get that money back again. Bunz says, “the command could go through and would be irreversible.” Relax, it is a scary aspect but its chances are low.

How important could Ethereum actually be?

Potential is the main quality of the ethereum. Users of this technology are free to say that; this technology has the ability to replace the Uber including other varieties of service. Bunz says, “There are things that are absolutely possible that aren’t possible with mainstream currency and are not even possible with Bitcoin today,” and, “Things are possible with Ethereum that aren’t imaginable with any other technology today.”

 

 

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