BitcoinPinas is here to bring and share with you the information about BitCoin, the said Future Money worldwide. Get to know more about Bitcoin, how it works and how it can be used not just as virtual money but also as a payment option in shops, restaurants, bars and also to your business.
Sabado, Enero 25, 2014
Where to get Free Bitcoins
Bitcoin mining is the fastest way to get new bitcoins as the process only takes in a matter of minutes to collect them. But, the problem is that Not everyone can do this process. So the good news is that, there are Free bitcoins to be given to everyone with a little effort. These resources are called Bitcoin Faucets, Bitcoin clicks, BetCoins, Bitcoin Trading, Bitcoin Gambling, Bitcoin Tasks, Bitcoin Tip, and by using Bitcoin in your business as a payment method. Below are the short explanations of each resources.
Bitcoin Faucets - is used to get gree bitcoins by opening a faucet website that offers some tasks where you can choose from to earn Bitcoins. A faucet website contains different websites to view from and rewards you some bitcoins just by viewing them. You have to enter your Bitcoin address and correctly input captcha codes to validate your views and to receive your rewards. The number of websites is unlimited so you can stay for hours to gain more.
Bitcoin Clicks - it is just like PTC or a paid to click websites that pays you for clicking their ads. The rewards is either a bitcoin or a dollar, your choice. When you reach the minimum amount then you can cash out your earnings.
Betcoins - get bitcoins from betting in online sports. There are websites that offer betting games and pays bitcoins in return.
Bitcoin Trading - you either buy bitcoins when the price drops or sell your bitcoins when the value increases.
Bitcoin Gambling - there are also gambling websites that pays using bitcoin. You play a game, win a bitcoin or loss some. I guess only the skilled players are recommended to use this.
Bitcoin Tasks - this is a smart way to earn bitcoin. You complete some tasks and you'll be rewarded from each of them. You can complete these tasks by completing their offers, do a short survey or watch paid short video clips.
Bitcoin Tip - get free bitcoins from your readers. For example you wrote a blog just like what I did and your contents made your readers interested about it then you can ask for a little donation or a reward for your effort. You must share your bitcoin address at the end of your blog so people will know where to send their bitcoin tips.
Accept Bitcoin - whenever you have a business online and is open for customers worldwide, then you can add bitcoin as another payment method to receive payments. Or if you have a shop or a store then you can also use bitcoin to accept payment. This depends on the country you live in, and if people are already aware about bitcoin payments then this could be a very good start in a business.
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Huwebes, Enero 16, 2014
What is BitCoin?
As you can see, the short video above is the shorten explanation of where Bitcoins came from and how it is done to get a Bitcoin. Now the question is, how could people like me who cannot do this kind of operation that is called "mining" or the process to create new Bitcoins. The creation and transfer of Bitcoin is based on a cryptographic protocol. So when Bitcoin came to life in January 2009, a lot of people tried to learn it and they gained many many bitcoins. But since it was only new that time, the bitcoin value wasn't big than what it is right now. Bitcoin now belongs to digital currency such as e-gold and all other digital currencies people use online for payment transactions and belongs to other type of digital currency which is called Cryptocurrency.
"A cryptocurrency is a digital medium of exchange. The first cryptocurrency to begin trading was Bitcoin in 2009, since then numerous cryptocurrencies have become available. Cryptocurrencies are at bottom specifications regarding the use of currency which seek to incorporate principles of cryptography to implement a distributed, decentralized and secure information economy. When comparing cryptocurrencies to fiat money, the most notable difference is in how no group or individual may accelerate, stunt or in any other way significantly abuse the production of money, instead only a certain amount of cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is bounded by a value both prior defined and publicly known. Most cryptocurrencies are designed to gradually introduce new units of currency, placing an ultimate cap on the total amount of currency that will ever be in circulation. This is done both to mimic the scarcity (and value) of precious metals and to avoid hyperinflation.[7][8] As a result, such cryptocurrencies tend to experience hyperdeflation as they grow in popularity and the amount of the currency in circulation approaches this finite cap. [9] Compared with ordinary currencies held by financial institutions or kept as cash on hand, cryptocurrencies are less susceptible to seizure by law enforcement.[7][10] Existing cryptocurrencies are all pseudonymous, though additions such as Zerocoin and its distributed laundry feature have been suggested, which would allow for anonymity.[11][12][13][14]" ~source - http://en.wikipedia.org/wiki/Cryptocurrency
Here are some actual photos on how bitcoin mining is being operated.
How to use Bitcoin in real world
Today, many companies and businesses are using Bitcoin (BTC) to pay and to receive payments. Because of its massive growth and high performance in the trading market, 1 BTC can reach up to $900 (1BTC = $) in a day that goes high or low in a matter of minutes depends on value just how gold miners and traders work with gold.
Many countries such as UK, Las Vegas, LAtin America, some cities in Canada and many more countires that already accepted Bitcoin as one of their payment options for their customers. Some companies used it as a payroll method, others used it as an online wallet for online shops, and some makes profit on it by making it as a business venture such as a Buy & Sell Bitcoin.
You can identify an establishment that accepts Bitcoin by having this logo outside the store.
So when you pay using Bitcoin, your receipt will look like this. The payment processing works in different ways.
This is a Bitcoin acceptance kit used by the cashier in stores to scan Bitcoin QR-code.
Or you can also use your smartphone and tablet capable of scanning Bitcoin QR-code for you to be able to pay your bills. So how does this QR-code works? Well, in your Bitcoin wallet account, payments are made easy in two ways. The first account contains numbers and letters and is provided by the system, second is a unique Bitcoin QR-code for scanning. So you can use either of the two when you pay or receive payments online or offline. To have a Bitcoin wallet you must open a free account to any of this three recommended companies.
Safe and secure Bitcoin wallet. Informative website
Fast and reliable wallet. Easy tool for merchants and business.
Withdraw your Bitcoins in Peso, Pay Bills and Reload your prepaid phone all networks with Coins.PH. You can also Send/Receive bitcoins using your PHP ot BTC wallet. Click the pic to open Free account, verify using Valid ID and proof of billing.Why use Bitcoin? The 6 main reason:
*Fast money transfer *Very low cost transfer fee *Frictionless International money transfer
*No charge-backs *No double spending *No more expensive paper money printing
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