Bitcoin (BTC)

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:

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 ฿

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.

	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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