Friday, January 26, 2018

Freebitcoin.win - Free and Simple Crypto Faucets 2018



Freebitcoin.win offers multi claiming from the famous coins like Bitcoin, Bitcore, Ethereum, Litecoin, Dogecoin and KB3coin. 

But before you can join Freebitcoin.win, you need a faucethub account, Register here Faucethub.io

You can earn fast claiming from their faucets from time to time (12 minutes duration). Aside from the faucets, there're GAMES, BONUSES AND REFERRAL Program that you can earn 10% of your referrals! More referrals, more free earnings! :)


Register for free at Freebitcoin.win


Wednesday, January 10, 2018

Bitsforclicks - Earn Bitcoin to click ads

Bitsforclicks is a site to earn satoshis. BitsForClicks is a site that recruits members to click on
 ads.
Unlike other Pay To Click sites, this website pays using the Bitcoin
 currency. It is a website that has operated for a year since it was created.










From the reputation of new websites, it is not advisable to join them until
 they prove themselves. This is because they pay their members for the first few
 months then rip off them of their earnings once the company gains trust.


I recommend this site as it has already proven previously with CoinAd. It is the same site CoinAd except that it is for advertisers and BitsForClicks is for members like us who want to win BTC.


The site unit is : mBTC , the average of the ads are a 0.00100 mBTC you can win upto 0.00182 mBTC


Referral earning 1 level : between 10 and 20%. The payment threshold is 0.15 mBTC equal to 15,000 Satoshi. Payment is sent every Monday. Ads are updated regularly !!!The site have more than 480000 members and have payed over 453 BTC.





JOIN BITSFORCLICKS!

Saturday, August 19, 2017

BITCOIN Introduction



What is Bitcoin?




Bitcoin is a worldwide cryptocurrency and digital payment system invented by unknown programmer or "a group of programmers under the name "SATOSHI NAKAMOTO" and was released as open source software in 2009.


The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.



Inform yourself


Bitcoin is different than any currency you’ve used before, so it's very important to understand some key points. Unlike government issued money that can be inflated at will, the supply of Bitcoin is mathematically limited to twenty one million bitcoins and that can never be changed.


The basics for a new user

As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one.


You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once.


Balances - block chain







The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain.


This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography.


Transactions - private keys


A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.


The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining.



Processing - mining

Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system.

To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network.


These rules prevent previous blocks from being modified because doing so would invalidate all following blocks.


Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain.



This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.