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Ways to Make Money Online Using Bitcoin

Bitcoin is a decentralized, peer to peer, digital currency. It can be sent from person to another without having to go through a clearing house. Since the currency is not monitored or regulated, the transaction fees are extremely low. And this is the main reason as to why the use of Bitcoin is increasing each day and people are making a lot of money online through cryptocurrency.

If you are also fascinated by Bitcoin and want to learn about how to make money online using bitcoins, you have come to the right place.

Here we have discussed some ways that will help you earn money online using digital currency. Give each a solid read.

Ways to Make Money Online Through Bitcoin:

Bitcoin Faucets:

What are Bitcoin faucets? These are websites/apps that dole out the reward in the form of satoshi: hundredth of a millionth BTC. The reward is distributed among those who complete a specific task given by a faucet.

Once you get used to the faucet system, it becomes more like an addicting game. So it turns out to be a great way to make money while having fun solving CAPTCHAs.

Auto Trading:

One of the easiest ways to earn Bitcoin online is using bots that automatically trade bitcoins for users. These bots work 24 hours a day and 7 days a week which is quite remarkable, especially for beginners as they lack the expertise of trading coins.

Affiliate Bitcoining:

The most common way of Affiliate Bitcoining is to set up your own website and offer tutorials about bitcoins for a formal fee. The paramount advantage of having a personal website is that it attracts several advertisement agencies to place ads; which is a great way to make online money.

Mining:

Mining is the main source of generating bitcoins. In bitcoin mining, multiple miners connect with each other to form a pool – also known as bitcoin mining pool. These miners then work on solving blocks. Once a block is solved, the pool members receive their reward in the form of bitcoin.

Since the bitcoin is treated as a currency, loaning your coins is a great way to generate large sums of money.

These are some proven ways to make money online through bitcoins. However, there are always some security risks involved in online money generating techniques, and bitcoin is no exception.

There are a couple of things that you should be aware of, such as websites that ask for plugin additions on your system. It’s a huge red flag. Steer clear of such websites. It could be a trick to steal your information which ultimately puts you at the risk of theft.

Conclusion:

These are some simple ways to make money online using bitcoins. Although they seem pretty simple and straightforward, you will need time to get used to it. Moreover, there are some risks involved – such as information stealing websites. So you will need to be extremely careful to avoid being another name on the victim list of Bitcoin scams.

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What are The Most Renowned Retailers and Services That Accept Bitcoin

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A number of websites already accept bitcoin as a payment option. So, you are lucky you have them. Now, get ready to shop and spend the bitcoins. If you are confused how to start and where to start. In this article, you’ll read about the websites that are accepting bitcoins.

Overstock

In January 2014, overstock was the first retailer which start accepting bitcoin as the payment option. Overstock partnering up with coinbase, which is the worldwide Bitcoin exchange. The company allows its customers to shop and make payments in bitcoins.

First, if you don’t own any bitcoins, you need to get them from an exchange or friend. Second, you are free to shop at overstock.com by using bitcoins. As the first and foremost retailer, Overstock expand its criteria of accepting bitcoin as the payment option. Third, click the “pay with bitcoin” on the checkout page.

Expedia

Expedia is worldwide online travel booking agencies. Which is accepting bitcoin as a hotel booking payments since June 2014. Same as overstock.com, Expedia associate with coinbase and start booking payments in bitcoin. Moreover, flights, activities and other payments may in the bitcoin.

Foodler

Foodler provides online food services and gets payments in bitcoin. While it was the early adopter of the bitcoin since 2013.

The customer has the option to order food and make payments around 20,000+ Foodler restaurant partners. These restaurants aren’t accepting bitcoin directly. Whereas, Foodler convert bitcoin into USD to pay the restaurant.

Newegg

Electronic retailer giant started accepting bitcoin since 2014. In addition, BitPay is the Newegg’s processing partners for digital currencies. There are few purchases which do not accept the bitcoin as a payment.

  • Gift cards
  • Marketplace subscription
  • Subscription order
  • Pre-orders
  • Premier membership
  • Return shipping labels
  • Will call order

First, you have to select the desired shipping option. Second, follow the payment procedure. Third, review the terms and conditions of the Newegg. Forth, Payment procedure of bitcoin includes;

  • If software wallet is on computer, click the button “pay with bitcoin”
  • If it is on smart phone, kindly scan QR code
  • On the web, you need to click “view address” and link to wallet address

Make an order and send the respected amount. Fifth, after fund transfer, paid invoice will be shown to the customer. And confirmed email will be sent.

Tiger direct

Customers have the option to shop up to 200,000 with bitcoin payments. It is teamed up with coinbase same as Expedia since 2014.

Shopify stores

An online eCommerce platform allows the customers to join and set up their own business just like Etsy or eBay. All 75,000+ merchants accepting bitcoin with the help of BitPay since 2013.

Dish

One of the largest company accepts Bitcoin payment since 2014. A satellite and internet provider network teamed up with coinbase.

 

Goodluck!

 

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Cryptocurrency hardware wallets – Ledger grab $7 million

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A huge number of things are going incredibly good for ledger these days. Bitcoin, ether and other cryptocurrencies stirring the people’s attention again. Accordingly, French startup raised $7 million series around the world to make hardware security devices universal.

Devices:

MAIF Avenir, XAnge, Wicklow Capital, GDTRE, Libertus Capital, cryptocurrency Group. The Whittemore Collection, Kima Ventures, BHB Network and Nicolas Pinto contributed to today’s subsidy round.

Ledger:

Well, you have knowledge about cryptocurrencies, you definitely have the idea that digital currencies’ start-ups centralize everything. A large number of scams are there. In addition, no need to trust any startup’s security team, do it to your own.

You have the ability to run your own Bitcoin wallet on your computer. But, hackers are still there to snatch your money from the computer or from a wallet, so be aware of scams.

Ledger makes a number of hardware wallets for several currencies. Actually, these tiny devices are the secure element. Furthermore, you also have a smart phone as Apple Pay or Android Pay with the same performance.

Ledger runs few tasks in a straight line on the secure element. It makes it more secure and then runs an app on your devices entirely. In this way, you will have the power to protect your bitcoins. Nobody can reach to the private keys on devices. In addition, devices repetitively check the honor of the firmware.

The company makes it sure that nobody has the ability to compromise the devices during production procedure. Co-founder Eric Larchevêque said, “When we manufacture the devices, all chips receive a Ledger certificate.” And, “When the device boots up, the computer sends a security challenge and the device answers.”

Smart devices & cost:

Ledger Nano S with tiny display and size of USB key is a well-known device in the digital market. Before the transactions take place from your computer, you need to confirm that a transaction on the device by entering your PIN code first. In this way,  if your computer gets compromised, transaction order will not over on device and you will not able to confirm that transaction.

The Company also making the ledger-blue. The Ledger Nano S’s cost is about €70 although blue cost is €275.

Crypto-wallets still newbie in the digital market. Accordingly, ledger sells more than 50,000 wallets and meet the company’s expectation by an inclusive margin.

By running a protected operating system on the secure element, there are other possible applications. For example, ledger might sell chips so that companies working in complex industries by making sure that server wasn’t compromised. Companies rising there money by introducing new hardware devices.

 

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Mining – how to mine Litecoin

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Part 1:

How To Mine Litecoin:

Litecoin is a digital currency just like Bitcoin. However, it has different algorithms to process, known as “Scrypt.” Initially, people were used to mining litecoin with home computers. But now, a dedicating mining machine ASICs has the ability to process scrypt coins such as Litecoin, making it difficult to enter without a huge investment. if you are trying individually, then breakeven will be reached after a long time. Whereas, when you join a mining pool you get returns almost immediately.

What Are The Basics Of Cryptocurrency Mining:

Traditional money’s aim is to increase the amount of cash in exchange. digital currency such as Litecoin is produced by solving difficult algorithms. When algorithms’ blocks are ended being treated, additional currency is released into the market. Usually, miner’s reward finishes the blocks.

  • As the currency mined in a large amount, algorithms process is getting more difficult. This is an intentional step to prevent immediate mining of the currencies.
  • Mining pools were created to provide a handsome return in short time period. When a block is finished by any member of the pool, all member will get the reward equally. If you are in the individual mining process, you might get less reward.

Different Alternatives To The Mining:

24/7 electricity is required to mining process of any cryptocurrency. It’s like, you are willing to drop your investment on the enthusiastic mining machine. If you are using house computer for mining, it may supersede the value anything you mine. In addition, continuous running put a serious pressure on your hardware components.

  • Cryptocurrencies have a fundamental principle is litecoin mining is going to upsurge the difficulty level. Means, it will too much difficulty to mine at a profit unless the value of the currency gets an enhancement.
  • If you are mining litecoin to use it as a hypothetical venture or as an alternative payment. It’s better to buy them all together.

Mining Computer:

You need a computer with two graphics cards for litecoin mining known as a rig. Ideally, you will get four or five graphics cards for your setup. You can shop them online or build it on your own. In addition, you will require two basics things

  • System RAM as graphics card RAM
  • You need dedicated cooling for your mining setup to your component alive

An ASIC scrypt miner:

These enthusiastic mining machines increase the mining power. But they may be expensive for others. The good news is, these mining machines are also available in low-power models, letting you save electricity.

  • One of the best benefits of the scrypt miner is you have the power to change it mine more lucrative coin as long it is scrypt-base like Litecoin.
  • For a low power miner, you have the option to get a USB ASIC miner and connect it to Raspberry Pi.
  • Try it to shop them online

Estimate whether mining is going to be worth it?

Once you decided the equipment, conclude that what you have to do now? What are the market trends and how much mining you need to do? Power, electricity and internet bills will also include in this decided plan. If your performance is same at mining, it’s better to buy coins.

Part 2:

Get a Bitcoin wallet:

You need a wallet to store Litecoin. You can download them from the official website also for mobile devices.

Join the mining pool:

A large number of mining pools are waiting for the newbies with heavy investment. you need to join cryptocurrency mining pool and enjoy the reward. One thing you need to make sure that your wallet is connected your account. So that you can collect your wages.

A worker in a pool:

The worker is a system followed by the mining pool in which work is assigned to you and the whole effort is representing while you’re mining.

  • Mining pool automatically creates the first worker at the time of the registration.
  • If you have multiple mining rigs you need an additional worker. Otherwise, most of the miner don’t need more than one worker. Naturally, you are allocating a single worker to each mining equipment you have, which allows you to track competence.

Download mining program:

There are few mining programs are offered by the companies in the market, depending on your requirements. Few examples are, CGminer, cudaMiner, cpuminer.

Configure your mining program:

Mining programs have different configuration process. You need to check your mining connection details, stratum, port number and worker information as well. your mining pool should have complete instructions.

  • Extract CGminer such as “C:\CGminer”
  • Press “⊞Win+R” and type “cmd” to open the command prompt.
  • To scan your graphic cards type “cgminer.exe -n”
  • Use your mining pool information, start “c:\cgminer” –scrypt -o STRATUM: PORT-u WORKER -pPASSWORD”
  • Save your file as “bat” file

Part 3:

Double click:

You can easily start the mining after configuring and connecting with the mining pool. The command window will show the complete details of your mining. You will also receive the information and market trend from other miners.

  • Do not run another program while your system in working on mining. Otherwise, it will hurt your mining efficiency.

Monitor hardware system:

Make sure that your system is saved from overheating, which can destroy the whole setup.

  • If your system is running 24/7, it will provide you best result.

Profitability checking:

If your coin’s cost is equal to your lightcoin mining process’ cost than sell this equipment and recover your potential loss.

 

 

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While We’re Living In 2017, This Indian Bitcoin Gang Is Already In 3017!

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Ever heard of Bitcoin gang?

No?

Well, it’s a thing now in India!

According to the news coming from India, a local businessman got abducted and looted by Bitcoin Gang. Probably the first ever incident of its kind.

Remember that Bitcoin is still not legalized in India and chances of it being legalized are very slim in future.

The Backstory:

So this businessman (identity unrevealed) posted a requirement of Bitcoins worth $55000 on localbitcoins.com, a site which enables P2P trade of Bitcoins/fiat in the same country. A large portion of you can already envision this is a major sum in India, equaling around INR 3594937.50. A seller then contacted this guy to sell Bitcoins. He wanted to pay online but the dealer talked him into paying in cash, by offering him a discount.

Cheeky I see!

I am certain the seller would have given him the reason of tax avoidance and protection from Govt as well!!! The seller was a young lady in her graduation, probably the biggest reason the guy went for a physical exchange.

Anyways, the soon to be victim packs his $55,000 in a briefcase and goes to meet this woman. She, alongside her boyfriend, has officially set the trap for this person. When he meets this woman, an armed gang shows up and snatches all his fiat from him!!!! Also, they gave him some great beating, punch marks, purple eyes, and life threats if he tells about this ordeal to anybody!!!

However, the good thing is that the gang was caught and the cash that had been looted was returned to the owner. But looking at the bigger picture, events like this don’t really give Bitcoin a good name. Particularly in a country where it is already struggling for legalization. A government which is apparently in no mood to legalize Bitcoin may go on putting further restrictions on Bitcoin and other cryptos.

So, let’s see what the future holds for Bitcoin India. Fingers crossed!

Tags: bitcoin news india, bitcoin india

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Altcoins to compete with Bitcoin, the world’s leading digital currency

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Bitcoin has started the month by hitting an all-time high of $1500, with maintaining its peak at $1441.39 in the month of April. The announcement of Japan officially recognizing Bitcoin as a legal payment method and that Russia’s lawmakers plan to release their ban off Bitcoin, has been extremely beneficial to Bitcoin’s new climb.

However, it’s opposing Altcoins are having their share of the spotlight as well.

 

Ethereum Cryptocurrency

Ether

Ethereum’s Ether is the second largest digital currency. It recently crossed its $15 mark and has reached its new target of $80. This has created a buzz in the cryptocurrency world and merchants might even adopt this currency side by side. Further testing and improvements, to the Ethereum’s blockchain, are said to be taking place in the future. All in all, this might give the currency an even bigger boost in the coming weeks.

Ripple cryptocurrency

Ripple

The Ripple network is being embraced by a large number of financial institutions to process domestic and cross-border payments. This has caused a sharp increase in the digital currency. It had an impressive jump from $0.0054 on March 1 to $0.054 on May 1.

Litecoin cryptocurrency

Litecoin

Litecoin was created to be the “silver” to bitcoin’s “gold”. It’s been having an impressive rally, ever since the talk of “SegWit Implementation” has begun. The price of Litecoin has jolted from $6.74, to surpass the $15 mark on April 25.

top online cryptocurrencies

Today, as we watch bitcoin alternative becoming increasingly popular, the amount of in-flight trade in goods using Bitcoin means that the value must increase in order to cover the value of the goods. As there is a limited supply of Bitcoin and the supply will only increase slowly over time to a maximum of 21 million, the increase in trade volumes will result in an increase in Bitcoin value.

While Altcoins are drawing a lot of attention towards themselves, let’s not forget that they are also riskier investments than bitcoin, because after all, they are untested and relatively unstable. Also, their prices can drop faster than they rose.

This is something to keep in mind when making your next altcoin currency in the current market state.

Tags: Largest digital currencies

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