Thứ Bảy, 17 tháng 5, 2014

How to mining Bitcoin?

Before you read further, please understand that most bitcoin users don't mine! Bitcoin mining is a business and very competitive one. Mining only makes sense if you plan to do it for fun and thus don't care if you make a profit, or if you can do it very efficiently and for a profit.


First step



To begin you need a computer with good card video, and internet connection. It's very important having the latest controllers of card video and chipset to earn the best performance. For more...





If you want to get Bitcoins based on a fixed amount of mining power, but you don't want to run the actual hardware yourself, you can purchase a mining contract.


There are two basic ways to mine: On your own or as part of a pool. Almost all miners choose to mine on a pool because it takes the luck out of the process. Before you join a pool, make sure you have a bitcoin wallet so you have a place to store your bitcoins. Next you need to join a mining pool like Eclipse, Eligius or BTC Guild. With pool mining, the profit from any block a member generates is divided up among the members of the pool. This gives the pool members a more frequent, steady payout (this is called reducing your variance), but your payout(s) will be less unless you use a zero fee pool like Eclipse. Solo mining will give you large, infrequent payouts and pooled mining will give you small, frequent payouts, but both add up to the same amount if you're using a zero fee pool.



Once you have your client set up or you have registered with a pool, the next step is to set up the actual mining software. The most popular GPU/FPGA/ASIC miner at the moment is BFGminer or CGminer. For a full GUI experience, try EasyMiner.



If you want a quick taste of mining without installing any software, try Bitcoin Plus, a browser-based CPU Bitcoin miner. As a CPU miner it's not cost-efficient for serious mining, but it does illustrate the principle of pooled mining very well.


Second step



Now yet you can setup one of more programs to mining, for example: 








... 
If you want, you can test the programs before join to any pool.

Last step

In this last step you need join to any mining pool, because today the mining difficulty is very very high, and you can not find any block on their own.

So you can go to any mining pool, join it, create one or more workers, and put your worker details into any mining program. Once done, click start and wait while you make bitcoins. You can see your earnings on pool webpage.

My recommendations about mining pools are: 




Mining Bitcoins - Mining bitcoins requires an investment in specialized bitcoin mining hardware designed to process double round sha256 hash verifications at high speed. Many excellent systems are available.
It's important to point out that bitcoin mining is highly competitive and risky for would be participants. Please see ourbitcoin mining page for more detail.
The manufacturers who have successfuly shipped bitcoin mining hardware in volume are:

Technical Background

During mining, your computer runs a cryptographic hashing function (two rounds of SHA256) on what is called a block header. For each new hash, the mining software will use a different number as the random element of the block header, this number is called the nonce. Depending on the nonce and what else is in the block the hashing function will yield a hash which looks like this:

93ef6f358fbb998c60802496863052290d4c63735b7fe5bdaac821de96a53a9a



You can look at this hash as a really long number. (It's a hexadecimal number, meaning the letters A-F are the digits 10-15.) Now to make mining difficult, there is what's called a difficulty target. To create a valid block your miner has to find a hash that is below the difficulty target. 

So if for example the difficulty target is 
1000000000000000000000000000000000000000000000000000000000000000,
any number that starts with a zero would be below the target, e.g.:
0787a6fd6e0782f7f8058fbef45f5c17fe89086ad4e78a1520d06505acb4522f

If we lower the target to 
0100000000000000000000000000000000000000000000000000000000000000, 
we now need two zeros in the beginning to be under it:
00db27957bd0ba06a5af9e6c81226d74312a7028cf9a08fa125e49f15cae4979

Because the target is such an unwieldy number with tons of digits, people generally use a simpler number to express the current target. This number is called the mining difficulty. The mining difficulty expresses how much harder the current block is to generate compared to the first block. So a difficulty of 70000 means to generate the current block you have to do 70000 times more work than Satoshi had to do generating the first block. Though be fair though, back then mining was a lot slower and less optimized.

The difficulty changes every 2016 blocks. The network tries to change it such that 2016 blocks at the current global network processing power take about 14 days. That's why, when the network power rises, the difficulty rises as well.

Hướng dẫn kiếm tiền bitcoin

How to get bitcoins?

There are 3 main ways to get Bitcoin.


1. Firstly, buy bitcoin.
There are many new options for buying Bitcoin, which will vary depending on where in the world you are. These are changing pretty rapidly, but the main players have remained pretty constant so far.

there are Exchanges, where you can buy and sell Bitcoin for fiat currency (which is Muggle currency like USD and Euros). 




2. Second, Bitcoin "mining" remains a primary vehicle of attaining the currency. Bitcoin “mining” has proceeded to increase in difficulty. Currently, the value of BTC is more than keeping pace with this increase in difficulty, but the costs of entry in terms of hardware are high.



You can also mine bitcoins using your PC, that's known as mining bitcoins. More info about mining bitcoins can be found here.


3. Thirdly, you can make Bitcoin through content or services offered online (faucets, PTC, invest, chat). In order to do this, you will need a wallet, and you might choose to use a tool on your site that stores your wallet address as a QR code, to make payments from mobile phones easier.



Finally,you can send and receive Bitcoin, for whatever reason, between individuals, using a Bitcoin Wallet. Again, there are many options for your wallet, which acts as you might expect from the name, as a place to keep and compartmentalise your Bitcoins. You will also need a Bitcoin wallet to spend your Bitcoin from once you have them. You can keep your Bitcoin wallet online (although it might not be as secure as on a piece of your own hardware), on your phone, or on your desktop.

How Do Bitcoin Transactions Work?

Thứ Sáu, 16 tháng 5, 2014

Bitcoin Information






All payments in the world can be fully interoperable. Bitcoin allows any bank, business or individual to securely send and receive payments anywhere at any time, with or without a bank account.
All payments in the world can be fully interoperable. Bitcoin allows any bank, business or individual to securely send and receive payments anywhere at any time, with or without a bank account.
Bitcoin can process payments to the scale of a dollar and soon even much smaller amounts. Such payments are routine even today. Imagine listening to Internet radio paid by the second.
Automated services usually have to deal with costs and limitations of cash or credit card payments. This includes all kinds of vending machines, from bus ticket booths to coffee machines..
Bitcoin offers solutions to many of the trust problems that plague banks. With selective accounting transparency, digital contracts, and irreversible transactions, Bitcoin can be used as a ground to restore trust and agreement.

Thứ Tư, 14 tháng 5, 2014

Bitcoin Black Market

Illegal trades with bitcoins
With the increasing use of bitcoins and cryptocurrency some people have found ways to use this to benefit their business of illegal trafficking.  Because of the inability to trace a bitcoin it is hard for authorities to pinpoint the information needed to address the issue.  One well known underground drug trafficking ring that works from bitcoins is a company named Silk Road.
drugs

What is Silk Road
Silk Road was founded in 2011 around the month of February.  The name of the organization derives from a group of trade routes for historical times that was created during the Han Dynasty.  These routes involved many countries including Europe, India, China and other Afro-Erasian lands.  Named from The Princess Bridethe person responsible for the operations of Silk Road was a man named “Dead Pirate Roberts” (Silk road).  He was allegedly regarded as Ross William Ulbricht and was arrested in San Francisco on October 2, 2013.  Come March of 2013 Silk Road had constructed a business with 10,000 products for sale with over 70% being drugs.  Some of the things sold on the site are:
  • Heroin
  • LSD
  • Cannabis
  • Child pornography
  • Assiassinations
  • Armory and weapons of destruction
  • Stolen credit cards
planet
Silk Road had a sister company that was named “The Armory” but due to lack of demand it shut down in 2012.  The shut down and termination of Silk Road affected the value of the bitcoin.  It dropped tremendously after the events of Silk Roads endeavors.  Silk Road was estimate to have brought in $1.2 billion in revenue with commissions equaling $79.8 million.  Although many believe and state that the use of bitcoins is primarily for safety and protection it is a great haven for those involved in money laundering and the sale of illegal substances.  This resulted in the use of bitcoin becoming illegal in Thailand (More info).  The authorities are fighting for a way to regulate the usage of bitcoins.  They believe it is giving criminals an avenue to create and pursue more illegal activities.  Without the ability to trace they almost never can find the evidence needed to convict anyone of their crimes.  There is a fear that the value of the bitcoin will keep decreasing after the shutdown of Silk Road.  They believe this due to thinking if a majority of bitcoin holders belonged on the wrong side of the law then they will disappear after having no more black market to spend them on.

Where can you use bitcoins?

Bitcoins can be used to purchase just about anything you want. Dental services, a brand new car, travel and even luxury real estate.


We recommend searching the merchant directories below to locate the merchants you're interested in. You can buy gift cards with bitcoin and spend them in most of the stores you already use.

Merchant directories 
coinmap - Find bitcoin friendly merchants near you 
bitpay merchant directory - Over 12,000 businesses and charities. 

Gift Cards - Available from Gyft.com and spendable at: 

Bitcoin Store - Electronics & everything else for Bitcoin 

Charity 
Bitcoin Foundation - The Bitcoin Foundation standardizes, protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide. 
BitGive - BitGive is a non-profit foundation that is accepting donations from the Bitcoin community and providing charitable gifts to environmental and public health causes worldwide. 
Bitcoin Development Fund - A charity devoted to helping further the development of bitcoin, the open source community and causes of humanity. 
Step 4 - Keeping up to date with bitcoin

Here are some good places to keep up with bitcoin news and discussion: 
r/bitcoin - Bitcoin links and discussion by the Reddit community 
Coindesk - An excellent source of bitcoin news 
Bitcoin Magazine - Insightful articles with deep technical credentials 
BitcoinX - Bitcoin headlines, market rates & charting resources 
The Video - An excellent primer for anyone curious to understand the bitcoin phenomenon