Earning Bitcoin a Popular Online Job

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Earning Bitcoin a Popular Online JobThere are many people who would love to earn money through various online job.Bitcoin is one of them.Worldwide many people are currently earning millions of dollar through this online job.Bitcoin is the first pseudonymous open-source, decentralized, P2P digital currency relying on cryptographic algorithms for the validation of all transactions and the (limited) generation of new coins. It is also deflationary, the opposite of most fiat currencies. Bitcoin transactions are intentionally designed to be irreversible, unlike chargebacks allowed with Paypal and most credit card companies. This offers a unique level of protection for anyone selling goods (merchants or individuals) for BTC.

So if you are brand new to Bitcoin, and cryptocurrencies in general, there's a good chance you don't understand some of that description. That's perfectly fine, and I will try to break some of that down for you.



Physical Representation of Bitcoin


Although physical coins and/or logos such as this one appear on many websites and news articles about Bitcoin, there is actually no official image for BTC. However, there are many nice physical coins/wallets available, such as this one from Titan BTC.



  • Decentralized


Decentralized means that Bitcoin is not controlled or run by any centralized authority (think- governments). Bitcoin is a currency (money), just like U.S. Dollars, British Pounds, and the Euro. However, these other currencies are produced, controlled, and distributed by their respective governments. Bitcoin has no centralized authority, and because of this, your accounts (wallets) cannot be frozen, taxed, or otherwise regulated. Bitcoin is free from political motives and turmoil. Economic freedom's starting to sound better and better huh? Although some have tried (and are probably still trying), Bitcoin cannot be shut down by any government. This is because there is no central web server or site that can be taken down. Instead, Bitcoin is run on a P2P network.



  • P2P Network


 Peer-to-peer. Instead of going through a central server, middleman company, or third-party, as all other payment processing is done, Bitcoin is sent straight from sender to receiver. Each node on the network (your wallet/computer) is able to connect to any other node and act as both a server and a client sharing updates to the blockchain (public ledger). The blockchain is open-door and can't be altered or tampered with. Essentially this means that Bitcoin cannot be counterfeited, transactions cannot be forged/hacked, and there is proof and confirmation of every legit transaction publicly available. The Blockchain tells no lies. Because there is no third-party payment processor, transactions are virtually free. This is great for both the buyer and the seller.



  • Cryptographic algorithms


 Cryptography relates to the study and use of secret codes and encryption technology, while an algorithm is an advanced mathematic problem. When Bitcoin is sent through the network, the transactions are encrypted in a cryptographic hash function known as SHA256. Every transaction has to be signed by a private key for security, which makes fraud and counterfeiting nearly impossible.



Is Bitcoin Legit?

Yes it is completely legit over the world.Many online shopping sites like amazon and others do accept payment in bitcoin.So it is a complete legit and most trending digital currency all over the world.


Bitcoin Units


1 Satoshi = 0.00000001 ฿
10 Satoshi = 0.00000010 ฿
100 Satoshi = 0.00000100 ฿ = 1 Bit / μBTC (you-bit)
1,000 Satoshi = 0.00001000 ฿
10,000 Satoshi = 0.00010000 ฿
100,000 Satoshi = 0.00100000 ฿ = 1 mBTC (em-bit)
1,000,000 Satoshi = 0.01000000 ฿ = 1 cBTC (bitcent)
10,000,000 Satoshi = 0.10000000 ฿

100,000,000 Satoshi = 1.00000000 ฿



Earn Free Bitcoin with LandofBitcoin

LandofBitcoin is the most popular and reliable site to earn bitcoin at free of cost and most easily.Just you need to follow the steps below.
  • First you need to visit the website and sign up here using the sign up icon placed in the top right side of the site





  • Next move onto the account section placed at the top right corner and a similar page like below will open.





  • Here you've to put your email id and bitcoin address but to generate the bitcoin address first you need to visit coinbase and after signing up there you'll have your bitcoin address to your email id.If you're having trouble to sign up with coinbase.com to get your bitcoin address you may also visii blockchain and sign up there.Now you've your bitcoin address.
  • Next you just need to put your bitocin address there along with your email id and click the save button.That's it.your landofbitcoin account just created fully.
  • Now you've to visit the home page of your landofbitcoin sites  and there you'd find various ways to earn bitcoin but we'd recommend you the first one as per the below image as they are most easy and fastest way as well as they don't need any investment.



  • Under 'collect free bitcoin from faucets' section you'll find various sites where you just need to visit and clear the capcha to get free bitcoin.One of the best sites under there is moon bitcoin You must visit that cause they will give you satoshi in free as per time.
NOTE:You've visit those sites atleast one per day and clear the capcha cause they often reduce the free Bitcoin amount to irregular visitors.



How to Sell Bitcoin and Earn Real Money?

If you're earning bitcoin visiting faucet the total amount of earned bitcoin will automatically store onto your coinbase or blockchain account on every sunday,using which you made the sign up.You'll also get a mail notification on your email id too.Under there you'll find a 'my wallet' option and there you can see the total amount of your bitcoin you've earned.Under that account you've also a sell option.as soon as your bitcoin reached the threshold amount.So then you can choose whether you're willing to sell it or should keep it on your account and wait for a better price.

So earning money with bitcoin is really a great way if you're willing to quit your job.So what's your opinion?do share with us through comments.

2 comments:

  1. I have to admit I've never really heard of bitcoin before. Sounds interesting but complicated. I have to read more about this.

    ReplyDelete
  2. There are a lot of opportunities with Bitcoin. It's also a trading commodity where you can earn on the pricing.

    ReplyDelete