Posted in Crypto
Megan Adams

The Ultimate Guide: How to Generate Bitcoins from Your Home Computer

Next time when someone says it is not possible to generate bitcoins from home computer, challenge them.  Yes!  Good news is that you can generate them easily from your simple home computer using the below steps:

  1. Download mining software: The software which is used for mining bitcoin is available for free.  You can download it.
  2. Bitcoin wallet: The second step you would need for mining is to have a bitcoin wallet.  It is nothing but an encrypted online bank account in order to receive the minted coins.

The Process:

After downloading the mining software you have to run it.  In order to understand the running of the software, you have to understand the basic concept of blockchains.  All the transactions which are done using bitcoins are stored in virtual boxes with locks called blockchains.

A miner tries to open these locks using the mining software.  This is called verification.  When the software successfully verifies a transaction, the miner gets 12.5 bitcoins credited to his wallet.

Initially, low-speed PCs were capable of mining bitcoins successfully.  But now that lot of people have entered into mining, you require a high-speed PC at home.  You can dedicate the same for bitcoin mining.

For more clarity on the above information, you can refer to this coinspot exchange guide.

Satoshi Nakamoto who conceptualized bitcoin wrote the initial algorithm in such a way that it sets a limit on the maximum number of bitcoins to 21 million.  Already more than 14-15 million are in circulation.  So the early you start mining, the more you can earn.

Apart from mining one can buy bitcoins from crypto exchanges.  But that needs investment.  The advantage of mining is that you need just a home PC with mining software.  You can use Application-specific Integrated circuits to improve the speed of working.

Posted in Crypto
Megan Adams

What Experts are saying about Cryptocurrency Technology?

Cryptocurrency, which was an offshoot of an electronic peer-to peer digital cash system, has been generating so much buzz upon its creation about ten years ago. There has been noise over its authenticity and so were excitements perceivable on the faces of its proponents as well as others who are benefitting from it.

The crux of this discourse is however on experts’ views on the technology. As experts have rightly observed, one of the major issues holding Cryptocurrency technology back is the lack of understanding exhibited [by investors] toward its operation; consequently, this is causing them (investors) not to have interest and the right attitude towards it. Despite this, Nicko Van Someren believes that the system is bound to make how to businesses relatively less costly and even quicker.

Furthermore, there are yet more Cryptocurrency experts who believe that the fears allayed by investors are bound to fade away with the passing of time. Thus it is projected that in some years – say five or thereabout – the technology would gain more ground to become a primary medium of exchange.

Why they may be right about Cryptocurrency Technology

Irrespective of whatever opinion you might have formed about Cryptocurrency or whatever you have been told, it is quite interesting to note that Cryptocurrency remains a viable option in certain quarters, and a number of individuals are rooting for it – there are currently over fourteen million Cryptocurrency wallets available. One appealing element has been the decentralized feature of the technology. What this does is that it helps to forestall malicious attacks as there is no central authority that can be attacked by hackers who might take delight in data theft. You can get your adventure into the crypto world started at https://www.trulycoin.com. It might look complex at first but it gets easy as you get along.