What is Bitcoin?
Bitcoin is a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer; users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain. The ledger uses its own unit of account, also called bitcoin. The system works without a central repository or single administrator, which has led the US Treasury to categorize it as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value.What is Satoshi?
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed
Predefined Values:
| = 0.00000001 ฿ | ||
| = 0.00000010 ฿ | ||
| = 0.00000100 ฿ | = 1 Bit / μBTC (you-bit) | |
| = 0.00001000 ฿ | ||
| = 0.00010000 ฿ | ||
| = 0.00100000 ฿ | = 1 mBTC (em-bit) | |
| = 0.01000000 ฿ | = 1 cBTC (bitcent) | |
| = 0.10000000 ฿ | ||
| = 1.00000000 ฿ |
To check the present price of BTC in USD, please click here
Earn Bitcoins in 4 different ways
1. Earn Bitcoins by accepting them as a means of payment
2. Earn free Bitcoins by completing tasks on websites
3. Earn Bitcoins from mining
4. Earn Bitcoins from Faucets
- Earn Bitcoins by accepting them as a means of payment
Earn Bitcoins is to accept them as a means of payment. If you have a small business, the integration is done quickly and easily. No matter if you have abrick and mortar shop or an online business, no matter if you sell goods or services. You just have to complete the following three steps:
Get a free online Bitcoin wallet from Coinbase. There are also many other providers apart from Coinbase. When you sign up with LocalBitcoins you will also get a free bitcoin wallet with a broad range of functions.
Display a QR-code with your Bitcoin address next to your cash register.
Display the 'Bitcoin accepted here' logo at the entrance to your shop to show everybody your innovative payment integration.
- Earn free Bitcoins by completing tasks on websites
There are websites which offer you to earn free Bitcoins. With most of these sites, the concept is that you visit the site and just for looking at it you get a small amount of Bitcoins. The concept has something in common with watching good old free TV. You watch a lot of ads and in between you get something you actually want to see, like a film or music clips.
While this is a legitimate concept, the return on your invested time is very little. So when you earn Bitcoins from these advertising sites, the Bitcoins actually come at the cost of your time. As the saying goes 'there is no free lunch'. But see for yourself, here is a list of some of the sites that I find interesting
BitVisitor : Earn Bitcoins for watching websites or videos.
Freedigitalmoney : Earn Bitcoins by getting rewards fo purchases made in Bitcoin.
CoinWorker : Earn Bitcoins by completing analytical tasks
Bitfortip : Earn Bitcoins by answering forum questions.
Bitcoinget : After submitting your Bitcoin address, you will have access to a variety of tasks, in the form of jobs, offers, or videos. Click on the task that you want to complete and follow the instructions. Once you have completed a task, your bits will be credited within a few minutes. You can view your balance anytime by clicking on the icon in the top right corner of the page.
Cointasker : Coin Tasker is a rewards based community website allowing members to earn bitcoins by completing tasks.
- Earn Bitcoins from mining
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
- Earn Bitcoins from Faucets
Bitcoin faucet is a World Wide Web website that gives out "free" bitcoins (BTC) in exchange for doing a simple task, such as clicking on an advert, solving a CAPTCHA, or viewing a webpage for a certain amount of time. There are also faucets that dispense alternative cryptocurrencies.
What is FaucetBox?
FaucetBOX.com is a middleman between you and faucets you use. That allows you to collect coins from faucets you use (unless they use FaucetBOX.com) to a single place and payout them in bulk. With FaucetBOX you can:
- reach payout limit faster
- reduce clutter in your wallet
- omit transaction fees
- control when you want to payout by setting your own payout threshold
What is XAPO?
Xapo provide a secure and convenient online bitcoin wallet. Here is some additional information about Xapo from their web site... - Xapo combines the convenience of an everyday bitcoin wallet with the security of a deep cold storage vault. - Xapo has been described by The Wall Street Journal as the Fort Knox of bitcoin storage, so if you're looking to secure your bitcoins then look no further than the Xapo Vault. - It's your money. You should be able to send it instantly and access it without fees. So whether you're transferring money to a friend down the street or to family halfway around the world, say hello to free and instant transactions.
Here is a list of few faucets which pay for real.
Here is a list of few faucets which pay for real.
| Minimum Pay | Pays Every (minutes) | Payouts Thru | Payout @ | |
| BITCKERZ.NET | 1000 | 60 | Paytoshi | 3000 |
| BITCOIN14 | 1200 | 60 | Faucetbox | Immediately to Faucetbox |
| BITCOINZEBRA | ~1000 | 60 | WEEKLY PAYMENT TO YOUR BITCOIN
WALLET IMMEDIATE PAYMENT TO YOUR XAPO ONLINE WALLET |
5500 |
| BTC-FREE.EU | 400 | 30 | Faucetbox | Immediately to Faucetbox |
| BUBBLE-BIT.CO.IN | 1000 | 60 | Faucetbox | Immediately to Faucetbox |
| DESTINYBTC | 400 | 60 | Faucetbox | Instant payments to Faucetbox and cashout when you like |
| DRAWCOINS | 1200 | 720 | Faucetbox | Immediately to Faucetbox |
| EARNBITCOINONLINE | 1200 | 60 | Faucetbox | Immediately to Faucetbox |
| FAUCET.JOKERTIMES.CO | 750 | 60 | Faucetbox | Immediately to Faucetbox |
| FREEBITCO.IN | ~850 | 60 | WEEKLY PAYMENT TO YOUR BITCOIN WALLET | Directly to Bitcoin Address |
| FREEBTC.WIN | 1000 | 60 | Faucetbox | Immediately to Faucetbox |
| FREESATOSHI | 1001 | 60 | Faucetbox | Instant payments to Faucetbox and cashout when you like |
| IFAUCET.NET | Rotator | |||
| MOONBIT.CO.IN | variable | 5 | WEEKLY PAYMENT TO YOUR BITCOIN WALLET | Directly to Bitcoin Address |
| ONEADFAUCET | 1000 | 800 | Faucetbox | Immediately to Faucetbox |
| REKBITCOIN | 1005 | 180 | Faucetbox | Immediately to Faucetbox |
| THEFAUCETBANKER | 444 | 60 | Faucetbox | Instant payments to Faucetbox and cashout when you like |
| THEFAUCETFARMER | 555 | 60 | Faucetbox | Instant payments to Faucetbox and cashout when you like |
| THEFAUCETRUNNER | 999 | 60 | Faucetbox | Instant payments to Faucetbox and cashout when you like |
| WATERBITCO.IN | 400 | 30 | Faucetbox | Instant payments to Faucetbox and cashout when you like |
| WELOVEBTC | 500 | 60 | Faucetbox | Instant payments to Faucetbox and cashout when you like |
| ADENBTC | 1000 | 60 | Directly to Bitcoin wallet | Cashout @ 15000 |
| FAUCETFREEBITCOIN | 60 | Faucetbox | Immediately to Faucetbox | |
| MARIHUANABITCO.IN | 600 | 15 | Directly to Bitcoin wallet | Cashout when you like |
| SKYBTC | 1500 | 60 | Directly to Bitcoin wallet | Cashout @ 20000 |
| THEFAUCETHUNTER | 777 | 60 | Faucetbox | Instant payments to Faucetbox and cashout when you like |
| YOUR-FREE-BTC.INFO | 60 | Faucetbox | Immediately to Faucetbox | |
| THEEARNER.CO.IN | 60 | Faucetbox | Immediately to Faucetbox | |
| XCHANGE.CC | 2000 | 540 | Faucetbox | Immediately to Faucetbox |
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