View: 462
Want create site? Find Free WordPress Themes and plugins.

Bitcoin’s volatility is said to be a nightmare for most merchants because the slightest rise or drop in price is critical.

While in the past, finding bitcoin-accepting merchants was similar to “looking for a pin in a haystack” there are now various options for people to choose from. Bitcoin payment processors like BitPay and Coinbase have assisted merchants by taking on the volatility risk in accepting bitcoins. Merchants can incorporate with a bitcoin payment processor and accept payments through these third-party services. The processor receives the bitcoins and sends the merchant their local currency at the end of the day or week. It is up to the merchants if they’d want a certain amount of they pay to be in bitcoins.

Shopping with Bitcoins

This post will show how and what you can buy using bitcoins, along with a list of stores that cover almost all categories and provide those goods and services.

Keep on reading to know what would be your next purchase!

Shopping with Bitcoin

General:

  • Overstock:

Back in 2014, Overstock was the first billion-dollar company to accept Bitcoin. It’s got everything from furniture to clothing, jewelry, and electronics. Overstock can provide bitcoiners with almost all sorts of items.    

  • Gyft:

Gyft is an electronic gift card retailer that started accepting bitcoins in 2013. Bitcoiners can buy gift cards for Amazon, Best Buy, Delta, Home Depot, Whole Foods, and Walmart. Also, Gyft returns 3% back on Bitcoin purchases, making it competitive with credit card reward programs.

  • Rakuten:

This multibillion-dollar company based in Japan added Bitcoin as a payment method for its US costumers in May 2015. Basically, it’s similar to Overstock, providing almost all of the everyday products.

Travel:

  • Cheap Air:

CheapAir is an online travel agency that helps find costumers reasonably priced flights and hotels. They began accepting bitcoins in November 2013 and by July 2014, had processed over $1.5 million worth of Bitcoin transactions.

  • Virgin Galactic:

Virgin Galactic is a space travel company that accepted its first bitcoin payment in 2013. Richard Benson, the company’s CEO, believes that Bitcoin exchange and space will go a long way in the future if they remain to work together.

  • Expedia:

Expedia is one of the world’s largest online travel companies which started accepting bitcoins for hotel bookings back in 2014.

Computers and Electronics:

  • NewEgg:

NewEgg is one of the world’s most popular computer hardware and software store. It accepted its first Bitcoin payment in 2014 and has offered discounts to costumers paying with bitcoins.

  • TigerDirect:

TigerDirect became everyone’s destination to buy computer hardware, printers and TV sets, when it began accepting bitcoins as payment in July 2013.

  • Dell:

Dell began accepting bitcoins, 2 years after the above-mentioned companies.

Decentralized Market Places:

Where to shop with Bitcoin?

  • OpenBazaar:

OpenBazaar is an open source project to create a decentralized network for peer to peer commerce online—using Bitcoin—that has no fees and no restrictions. Instead of buyers and sellers going through a centralized service, OpenBazaar connects them directly. There is no one in the middle, you only reveal personal information that you choose.

Food & Groceries:

  • Fold:

Fold, teaming up with its sister company Card for Coin, helps to pass on discounts from unused gift cards to bitcoin users, since many are willing to sell gift cards for cash. Card for Coin purchases gift cards at a discount and then spends them for users through Fold. Bitcoin is sent to the wallet address displayed in Fold and within seconds a scannable gift card is ready for use. Right now Fold offers a 20% discount at Starbucks and 3% discount at Target with its AirBitz integration.

 Hire Freelancers:

  • Fiverr:

Fiverr is an online marketplace that is used to buy and sell services. Freelancers offer jobs for as little as $5 and contractors are able to pay for services with bitcoins.

Luxury Items:

  • Bitpremier:

Yachts, mansions, premium domain names, sports cars, and antiques are just a few of the expensive items listed on this bitcoin marketplace.

With the increase of Bitcoin price, the hype makes more businesses view Bitcoin as legitimate and something that can help improve profits. More and more e-commerce sites are trying to become a part of the Bitcoin Community and it won’t be long when you’ll be able to purchase all your groceries and other items from any of these sites, without having to go outside.

Enjoy your shopping spree!

Did you find apk for android? You can find new Free Android Games and apps.

One thought on “Shopping with Bitcoins 101

Leave a Reply

Type Comments Here

Your email address will not be published.

4 × 3 =

Share Your Toughts

View: 457

Bitcoin Mining – Everything You Need To Know Is Here

Want create site? Find Free WordPress Themes and plugins.

What is Bitcoin Mining

The terms “Bitcoin mining” is used to describe the processing and confirmation of Bitcoin payments on the network. In Bitcoin mining, the information is distributed, validated and stored on blockchain – a digital ledger which is used to store the transactions made in cryptocurrency such as bitcoins.

The transaction process of Bitcoin is different from traditional transfers as there are no third parties – merchant accounts, issuing bank, acquiring bank – involved.

Who Can Participate In Bitcoin Mining?

Almost everyone with a regular PC can participate in Bitcoin mining. All you have to do is to run a specialized software and you are good to go. The Bitcoin mining software are compatible with all PCs and operating systems. In addition to running on regular PCs, some companies have developed specialized Bitcoin mining machines that can build blocks and process transactions in a quick and efficient manner.

Find out what our beginner’s guide has to say about how bitcoin works.

How Does Bitcoin Mining Work?

In Bitcoin mining, the participants are given mathematical problems and asked to assemble a block of outstanding transactions by solving those problems. In exchange, the miners get rewards for all of the transactions they process and receive fees for successfully validating those transactions.

In addition to those fees, the miners also receive an additional reward for each block they mine from the bitcoin blockchain.The reward was previously 25 bitcoins but it has now been decreased to 12.5 bitcoins (equivalent to $7,000) which are still pretty high.

Because the reward is so high, the completion of mining is also incredibly tough. Thousands of miners from all across the world compete to assemble the block as quickly as possible.

Here’s a fun fact for you: “The total power of competing for Bitcoin computers is 1000 times higher than the top 500 supercomputers in the world.

Is Bitcoin Mining Harmful for PCs?

A few years back, Bitcoin mining was not so mainstream and no dedicated hardware was built to support it. Moreover, the miners of past used to overuse their systems which often caused damages to PCs. However, the technology has advanced and various manufacturers are developing computers that are specifically designed to support Bitcoin mining; which has made the process safer than ever.

What Are The Benefits Of Bitcoin Mining?

There are several benefits of Bitcoin mining. The ones that top the list are:

  • Bitcoin mining is like creating money from nothing.
  • There is some cool hardware involved such as ASICs, FPGAs, and GPUs and Bitcoin mining gives you the opportunity to play around with them.
  • You compete with others which ultimately helps you create an efficient mining system
  • Bitcoin mining is considered to be less risky because the coins never devalue. in fact, the more people use this currency, the more it appreciates in worth.
  • Bitcoin mining is not a waste of time. It’s actually a hobby that pays something back.

These are some of the facts, benefits, and details of how Bitcoin mining works. The process is quite intriguing and if you are trying to make some extra cash, becoming a Bitcoin miner is never a bad option.

Did you find apk for android? You can find new Free Android Games and apps.
View: 491

Think Your Life Is Hard? Man Threw Out Bitcoin Hard Drive Now  Worth $80m!

Want create site? Find Free WordPress Themes and plugins.

A man has shared his pain after unknowingly unconsciously tossing out a Bitcoin hard drive seven years ago. The hard drive is now worth $80 million. Campbell Simpson, supervisor of tech site Gizmodo Australia, says he passed up a major opportunity for amazing wealth since he ejected a piece hard drive containing 1400 bitcoins. Seven years later, the Bitcoin market soared and Mr. Simpson’s apparently unimportant web money, which he purchased for $25, is currently worth $80 million dollars.

Bitcoin, which is online cash connected to a client’s digital wallet, is payment used to trade on the web and is acknowledged by numerous organizations. In 2010 Mr. Simpson’s 1400 Bitcoins were just worth around $25, however now, one Bitcoin is worth over $4,000.

‘I didn’t need or think about, anything on it. So I discarded it,’ he said.

At the point when usage utilization on the web began to explode, Mr. Simpson consistently – but bitterly – checked how much his 1400 was worth. After understanding his Bitcoin accumulation would have been worth $4000 a couple months later, Mr. Simpson was marginally irritated.

In any case, this month Bitcoin achieved a noteworthy high value, making his once-measly hard drive of worthless crypto a $6 million gold mine.

‘This is presumably a ridiculous thing, looking back, that I’ve at any point done. Also, I’ve done a considerable amount of idiotic things a ton of times,’ Mr. Simpson said.

The tech author says he has been offered advice on the best way to potentially recover the long-gone hard drive, however, he concedes he won’t try attempting to discover it. ‘I don’t even want to discover those Bitcoin, though. I’m truly content with my life right now. I needn’t bother with them,’ he wrote. ‘I’m for the most part really nice in life, I think, and I can giggle about it for like 95% of the time.’

Despite admitting he is not in desperate need of the hard drive, Mr. Simpson bemoaned the type of lifestyle he could live if he had $6 million – and says he could have even purchased a house in Sydney, ‘I could have purchased a house. In Sydney. At Sydney costs. I could have traveled the world or purchased a goddamn yacht or something,’ he added.

Here is a string of tweets he posted earlier this year:

 

Seems pretty pissed to me! What do you think of this unfortunate event? Let me know in the comment section below.

 

Story and image credits: Daily Mail

Did you find apk for android? You can find new Free Android Games and apps.
View: 479
View: 449

Will Kazakhstan Ban Cryptocurrencies?

Want create site? Find Free WordPress Themes and plugins.

The National Bank of Kazakhstan has surprised all those who are interested in the crypto business by announcing its sudden plan to ban cryptocurrency in Kazakhstan. In fact Kazakhstan’s central bank has some serious plans to prohibit the use of all kinds of cryptocurrencies. All this information was disclosed in a report published by Sputnik News which is the official news outlet of the Russian government. According to that report all this information was personally revealed by Daniyar Akishev who is the chairman of National Bank of Kazakhstan.

crypto exchange

Reasons for ban on Cryptocurrencies?

Daniyar Akishev further added to his statement that the National Bank of Kazakhstan had to take this decision to ban the exchange of digital currencies for the national currency of  Kazakhstan at the moment. The cryptocurrency exchanges and miners operating within  Kazakhstan would also be banned completely and no such activity will be allowed within the borders of  Kazakhstan. When asked about the reason behind that action he stated that the main reason was the vast number of problems associated with the user’s rights. That’s why the country’s central bank wants to prevent its residents from converting the nation’s fiat currency from any sort of crypto exchange within Kazakhstan.

Further Risks Daniyar Akishev Sees

When asked further about the reasons behind that ban Akishev said that he probably sees a lot of problems associated with cryptocurrencies, main reason being the protection of user’s rights. He also stated that the possibility of using cryptocurrency to commit illegal activities is also one of the major reasons behind that ban. The statement of Daniyar Akishev cannot be overlooked as far as the illegal use of cryptocurrencies is concerned. Cryptocurrency has become an ideal way of money laundering and to escape taxation around the world.

It is not the first time that Daniyar Akishev has showed his concern about cryptocurrencies. He had also stated last year in October that the National Bank of Kazakhstan was planning to prohibit activities related to cryptocurrency to protect its residents from the vast risks associated with these transactions. At that time his suggestions were to prohibit the:

  • Exchange of the national currency for cryptocurrencies.
  • activities regarding the generation of cryptocurrencies.

However, it is also a fact that the local community of Kazakhstan is showing extra ordinary interest in cryptocurrencies. According to a survey by Yandex, this interest has become 15-fold as compared to the previous years. According to that survey the citizens of Kazakhstan were showing 10 times more interest in search results related to crypto mining and how to mine.

Do not forget to share your thoughts regarding this ban in the comments section below.

Did you find apk for android? You can find new Free Android Games and apps.
View: 449

Initial Coin Offering – How to Avoid ICO Scams?

Want create site? Find Free WordPress Themes and plugins.

You can find lots of advertisements and links related to ICO startup companies, but do you know what ICO really is? If you don’t, we’re here to help you out. In this blog, we are going to enlighten you about what ICO means, what it involves, and how you can avoid Initial Coin Offering scams.

initial coin offering

What is ICO?

ICO stands for “Initial Coin Offering.” ICO wasn’t known to many people until cryptocurrencies we created and became a trend. The word “ICO” is borrowed from IPO (Initial Public Offering). Now, you must be wondering, what’s IPO? IPO is the event in which a company goes public in the finance world. But, what happens when a company goes public? Well, it means that the company is going to launch stock options publicly, for each and every one out there to purchase its share, with this hope that these purchased-shares would have more worth one day. You can also say that an IPO is one of the possible exoduses of a venture-capital-investment.

 

What Makes It Different?

An ICO is usually used as a crowdfunding project by cryptocurrency startup ventures to fund a startup company. Funds are provided through well-recognized cryptocurrencies like; Bitcoin or Ethereum or in the form of traditional currency and in exchange, they are given a quantity of the cryptocurrency, which they’re funding with, which means, in the form of “tokens!” After the ICO project gets successfully completed, tokens are exchanged into the functional units of a cryptocurrency that is newly created.

 

No Regulations

Many companies find ICOs attractive since they are not under any regulations, and the startup ventures can collect funding without any exertion and cost for the regulatory acquiescence. On the other side, risks for investors also get increased as countries like South Korea and China have banned the ICOs.

 

For ICO crowdfunding ventures, the marketing heavily depends on social media platforms which also include paid-ads. Similarly, there are many ICO ads now, which are being shown on different websites. The social media giant, Facebook has already banned ICO-related advertisements; however, from June 2018, Google is also going to put a ban on advertisements related to ICO.

 

Is ICO a Scam?

No, ICOs are not always a scam. However, the way they work is the main thing that allows scammers to gain a lot of money from those investors who believed in the startup. Just because of this, few top-investors recommend “real businesses” to avoid these ICOs and continue their business in the same way they were doing before. The year, 2017 has shown that almost 46% of all-known ICO ventures have been proven to be unsuccessful and after the payments were made, the websites, as well as social media profiles were left abandoned or were quickly vanished.

Well, all of this data shows that all ICOs aren’t always a scam, however, like other crowdfunding ventures, especially investing in general, you have to very careful where you invest. While assessing Initial Coin Offering scams, make sure to do your research about the individuals behind it. A robust ICO will offer potential investors every single detail about the developers, security experts, advisors, and others linked with the project. A legitimate ICO will offer a variety of places and social media links where investors can communicate with developers. They’ll also provide their Facebook page of the project so that you could assess its engagement levels.

How to Avoid ICO Scams

If we look at the recent lists of Initial Coin Offering campaigns, it’s quite hard to come up with a reasonable filter, and there’s no doubt that experienced investors wouldn’t consider how sceptical it is, but as with any investment, nothing can be predicted related to ICO or about its certainty. Even in some cases, basic managerial accounting data isn’t available; however, many ICO trackers still try to combine lists of seemingly pertinent parameters.

Initial Coin Offering scams show that fraudsters are going to extraordinary-extents to scam gullible investors. Also, when it comes to taking decisions related to investment, it focuses on the needs of investors. According to the founder of Skill Incubator, Chris Dunn, the cryptocurrency community must have to become extra incisive towards new ICOs; otherwise, governments around the world are expected to take stricter stances into cryptocurrencies at a whole new level.

Also, an ICO whitepaper is the initial document for the project, which describes the aim, background, strategy, and concerns for the implementation of all blockchain-related projects. Whitepapers can be extremely skimpy like; companies that have an ostentatious website may unveil that they lack a basic-sound concept. Then again, a company with a website that contains spelling errors might have a whitepaper that shows a rigid concept and a prudently created implementation strategy.

Did you find apk for android? You can find new Free Android Games and apps.