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Everyone wants to be rich and for this, they pick out different methods. Some of those ways are easier and quick to work, while others are not so much. Cutting to the chase, one of the quickest ways to become rich is Bitcoin – the most valuable cryptocurrency out there. There are many ways to earn bitcoin here we are going to tell you how to earn bitcoin in the easiest ways possible.

how to earn bitcoins

By Completing Tasks On Websites:

The simplest way to earn bitcoins is carrying out simple tasks on certain websites. Some of the websites that offer Bitcoin in exchange of the tasks carried out by their visitors are BitVisitor, CoinWorker, and BitForTip.

By Accepting Them As Payment:

If you are running a business, big or small; introduce Bitcoin as an additional payment option. That’s probably even easier than the one mentioned above: you already have an established business and a client base. All you have to do now is convert the entire client base, or a portion of it to paying you in Bitcoin.

Through Mining:

Mining is a bit slow method to earn bitcoins, but it is also the most common one. Mining requires a special combination of hardware and software for the generation of new Bitcoin blocks. However, the process is relatively expensive and requires a constant supply of electricity which makes it slightly out of reach for a common folk.

So, these three are the most common Bitcoin earning methods for those wondering how to earn bitcoins. Choose one that’s most convenient for you.

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One thought on “How To Earn Bitcoins

  1. I invested some bitcoins with btc tradfarm and in less than 7 days, I got bitcoins plus 65% of it in my wallet. I am seriously recommending this website to everyone that wants to become a bitcoin millionaire to try out!

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Install, Backup And Restore A Bitcoin Wallet. Or, Almost Any CryptoCoin Wallet (Windows)

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Monero Security – 3 Main Techniques Behind Monero Anonymity Explained

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Along with being accessible through networks such as Tor and I2P, Monero implements various cryptography techniques to unlock an extensive level of security and privacy:

1. Untraceable Stealth Address

As we all know, reusing the same address for bitcoin transactions is a common privacy issue of Bitcoin. Receiving or sending multiple transactions to the same address can allow anyone who knows your address to track its activity. Thus, bitcoin is not a tool that should be used on the darknet, especially for privacy purposes.

On the other hand, Monero has no such privacy concerns. Monero’s blockchain is secured in such a way that only the sender and receiver are able to identify the destination address. Only a unique cryptographic hash is provided, to each and every transaction that can be decoded by just the send or receiver to disclose the real address. These encrypted addresses are called “stealth addresses.”

Related: Bitcoin’s current price

2. Unique Separated Transaction Units

When you send XMR to any address, it arrives as several separate payment units. Basically, each unit would appear on the Monero blockchain as being transferred to its appointed and distinct stealth address. This process is applied to the sender as well as the miners when any fees are paid to them. This makes tracking of any transactions far more complicated.

3. Undetectable Ring Signature Payments

Ring Signatures is another technique that adds up to the cryptographic system behind Monero’s blockchain.

Just to be clear, similar to Bitcoin, Monero also consists of a public and private key in order to engage in buying or selling of XMR.

For example, if you are to send 18 XMR to a shop, the XMR get sub-divided into 10,5 and 3 XMR streams, these flow into distinct Monero addresses of the ship.  The private key that authorizes any 10, 5 and 3 streams sent across the network, becomes a possible signatory to the transaction. The number of possible signatories is dependent on the “mixing depth” you set. As your transaction splits into units, ring signatures guarantee that transactions can’t be stalked back to any system’s IP address.

In the end, it’s almost impossible to track or identify Monero users

These 3 techniques provide maximum privacy and prevention from roaming trackers. Monero’s code ensures the anonymity of every user and leaves barely any possibility of a linkage to take place.

Related: Read more about Altcoins

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Samsung Electronics Considers Blockchain For Tracking Its Global Shipments

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Samsung, which is best known for manufacturing electronics is taking blockchain platform in its consideration to track the shipments of its immense global supply chain network. According to this Samsung global news, it is considering an extensive implementation of a blockchain ledger platform so that it can track its shipments, globally.

blockchain and supply chain

Song Kwang-woo, who is the blockchain chief at the IT subsidiary of the Samsung, Samsung SDS, unveiled it while speaking to Bloomberg that a blockchain system could cut the shipping costs by 20%. Conspicuously, Kwang-woo also ensured that SDS is currently working on the development of blockchain platform for Samsung Electronics.

Involvement in Blockchain Technology

SDS has demonstrated its involvement in the implementation of blockchain technology for the shipping industry, effectively finishing a 7-month trial-project to track and record shipping logistics of both imports and exports in the vast shipping industry of Korea by the end of the year, 2017.

Related to the blockchain and supply chain collaboration, Kwang-woo also added:

“It will have an enormous impact on the supply chains of manufacturing industries. The blockchain is a core platform to fuel our digital transformation.”

SDS introduced a blockchain pilot for a shipping industry of Korea, in May 2017, so that it could keep an eye on the imports and exports of cargo shipments in real-time by leading an association, which included:

  • Korean Ministry of Oceans and Fisheries
  • Hyundai Merchant Marine
  • IBM, which is considered as a technology giant.
  • Korea Customs Service

 

Also known as a member of the EEA (Enterprise Ethereum Alliance), Samsung SDS successfully accomplished its first pilot-run of a shipment that perceived the whole procedure of a shipment, as well as delivery and booking, from Korea to China. As it’s also mentioned above, SDS settled its trial by the end of 2017 that eventually intended to handle all exports and imports in Korea via blockchain.

The metropolitan government of the capital city of South Korea, Seoul, chose Samsung SDS in November 2017, to develop a roadmap and organize blockchain technology to the whole administration of the city, as a method to advance transparency and boost citizen expediency. The government of Seoul has formally announced its purpose that by 2022, it would utilize blockchain technology across the whole municipal administration.

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What is cryptocurrency trading

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Foreign exchange of the digital currencies is known as the crypto-trading. its means you are free to trade different crypto-coins for USD and BTC. Basically, trading is another to entered in crypto-world. It doesn’t need any investment, mining hardware or extra fees.

Why do we need to trade bitcoin and not forex?

To start earning money by trading, you need half an hour. In addition, scroll down and open your account with forex. It will take few weeks until they send you to sign up form and access code as well. It will take some time until you transfer your fund from bank account to forex negotiator.

Similarly, it is quite easy to leave crypto-trading. you just need to transfer bitcoin through an exchange

and its done.

Smaller spreads

One enormous advantage of the bitcoin is low spreads. In addition, the spread is a term which defines the difference between ask and bid price of the market marker.

Smaller spreads mean, when you exchange, you have ended approximately no loss. On the conflicting forex (btw. Other than Eur/USD have even advanced spreads), after your exchange, you made a loss of 0.018%, which isn’t irrelevant. So, do not be unable to remember to check your transactions at your exchange.

Crypto-exchange margin

The concept of leverage and margin trading is possible on forex as on crypto-exchange.

Margin trading allows you to borrow buying/selling power from peer to peer funding providers, but you need to allocate some funds first. Which won’t be reachable until you return the loaning fund.

Leverage at crypto-exchange

A possibility to trade an amount which you don’t have at your clearance. Usually, exchange offers a leverage of 1:10. It means you get 10 dollars buying power. In short, higher risk provides you the possibilities of higher profit.

Getting started trading cryptocurrencies

First, you need a wallet, you will able to buy cryptocurrencies like bitcoin or ethereum and protect them. A number of Crypto-exchange has free wallets with trade ability. But a suggestion is, don’t put your all bitcoin at single place. In this way, you will minimize the hacked or scammed risk. And, one more thing, not forgets to activate your 2FA authentication.

Contact for difference

Bitcoin and ethereum’s CFDs offers to trade without any coin. Basically, CFDs is a contract between purchasers and vendor.  Where seller will pay the amount of crypto asset and the price at the end of the contract to the consumer. These certificates are mostly used on goods.

Pros and cons of using CFDs

Two benefits of using CFDs are;

Trust

CFD platforms have been funded for many years ago. They are actually controlled by the governments.

Simplicity

You are trading with the cryptocurrency or with fiat currency the entire process is same and simple.

 

 

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