IDC On-The-Spot: What is Bitcoin?

IDC Financial Insights’ James Wester, Research Director, Global Payments, breaks down Bitcoin and explains what it really is and why it solves some unique dilemmas for the payments industry.

Prof Puppet Explains “What is Bitcoin?” | AgamBerry.net – A blog by Agam Berry

What is bitcoin?

Bitcoin is the first Decentralized digital currency. Bitcoins are digital coins you can send thought the Internet. Compared to other alternatives bitcoins have a number of advantages.

Bitcoin are transferred directly from person to person via the net without going through a bank or clearing house. This means the fees are much lower, you can use them in every country, your account cannot be frozen and there are no requisites or arbitrary limits.

Lets look at how it works.

Several currency exchanges exist where you can buy and sell bitcoins for dollars euros and more. Your bitcoins are kept in your digital wallet on our computer or mobile device. Sending bitcoin is as simple as sending an email and you can purchase anything with bitcoin. The bitcoin network is secured by individuals called miners. Miners are rewarded newly generated bitcoins for verifying transactions. After transactions are verified they are recorded in a transparent public ledger.

Bitcoin opens up a whole new platform for innovation. The software is completely open source and anyone can review the code. Bitcoin is changing finance the same way the web changed publishing. When everyone has access to a global market great ideas florish.

Bitcoins are a great ways for business to minimize transaction fees. It doesn’t cost anything to start accepting them and its easy to setup. There are no chargebacks and you will get additional business from the bitcoin economy.

For more information about about bitcoin visit: AgamBerry.net


Bitcoin value will get you to space

BitcoinRAVEN – bitcoin news : Full story: http://www.bitcoinraven.com/bitcoin-will-take-you-to-space/
Bitcoin is now used as payment for the first ever civil space flight on the Virgin galactic spaceship.

Bitcoin value Tumbles After China Moves to Limit Its Use


Bitcoin Mining Rig Video

Double your BitCoins without ever recruiting… Recruit others and the Sky’s the Limit… This Plan is simplicity itself. It is very simple to understand and very simple to explain to others so that they will quickly and easily understand it too, and earn free bitcoins.

Merlin’s Magic BitCoins is the most Powerful Income Accelerator ever developed. Our highly experienced team has spent many months developing and analysing many different systems and algorithms. Using complex mathematical models they analysed and modified them until they were satisfied that all their stringent criteria were met. The end result is Merlin’s Magic BitCoins – a concept so simple that at first we couldn’t believe that it was so powerful. It is amazing that nobody has ever thought of it before.

What is it?
Merlin’s Magic BitCoins uses and enhances a concept that has been in existence for centuries. It is not Network Marketing, not Multi-Level Marketing and is not a business or commercial activity. There are no Business Transactions, Investments or Securities involved. It is a private group of individuals who support each other by giving ‘gifts’ to one another…. get free bitcoins

bitcoin mining pool

What is Gifting?
Private gifting has been around for centuries and is practised in most countries around the world. Asian, Jewish and South American communities ‘gift’ on a regular basis to help people buy a home or start a business. People in the Western world ‘gift’ at weddings, on birthdays and other holiday occasions.

Giving ‘gifts’ is an expression of kindness and is recognised as legal and exempt of all taxes in virtually every country of the world and will help you get free bitcoins!

How to Use Bitcoin Calculator No Password

Bitcoin’s Untapped Value In The Worldwide Exchange

Will bitcoin get any bites in 2015? CNBC’s Worldwide Exchange has the latest on bitcoin

Subscribe to CNBC International: http://bit.ly/1eiWsDq

After a poor performance in 2014, does bitcoin have a future in 2015? Simon Dixon, CEO and co-founder of BankToTheFuture.com, says it has a “lot of untapped value” and a significant way to go over the coming year.

CNBC’s global business programme brings the business and investing world together. Each weekday Julia Chatterley, Wilfred Frost and Seema Mody consider the business stories that have global significance. With reports from CNBC’s correspondents from around the world, Worldwide Exchange delivers essential, actionable information for any investor, anywhere who wants to be part of a global business conversation.

CNBC.com for more great clips: http://cnb.cx/1kUyjkd
CNBC Worldwide Exchange playlist: http://bit.ly/1oWdXcS

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Coinbase Instant Account Verification Bitcoin Exchange

Bitcoin company Coinbase, backed by 6M in funding, took things to the next level with their real-time U.S. exchange. Use this link for a small Bitcoin bonus when you create and verify a new Coinbase account: https://www.coinbase.com/join/davidseaman

Where to use Bitcoin?! Popular places to spend or use your Bitcoin: http://ChangeTip.com | http://Microsoft.com | http://Dell.com/bitcoin | http://OverStock.com

Disclaimer: No warranties or guarantees provided. Life is unpredictable. Bonus available for a limited time on new verified accounts only.

How To Build A Bitcoin Miners Shed

It was clear that having all these miners running (15 Visionman Prospector 200 Bitcoin Miners) in my house isn’t going to cut it. With all the heat and noise as well as not having enough power outlets to run from.

I was thinking of a small shed that I could put behind my house near the back door from my laundry room. It is in a perfect spot. I have always wanted to build a big room for the miners. So I was looking around and found these shed plans were perfect for my project. It was a perfect 8 x12 feet. Now I will now have a more usable space for more miners in the future.

After getting quotes for the shed construction in my area, I decided the better option was to build my own storage shed at my house. My friend went helped me construct it.

Everything fits nice in the shed and it is working out great. All the miners are running off server PSUs which required a crap load of custom wiring. We have exhaust fans pushing all the hot air out of while we have a small ac unit running in the summer months.

Antminer S3 Bitcoin Mining Setup

My bitcoin mining setup. 3x Antminer S3’s. Sign up for a free bitcoin wallet on Coinbase: http://tinyurl.com/mr59mfa

DETAILED VIDEO ON BITCOIN MINING: https://www.youtube.com/watch?v=JqnbtFHlOsA

Calculating Forward Exchange Rate

How to convert currencies. To right, multiply, to go left divide. Can Majeed get his flight?

Currency Conversion Calculator Historical

How to calculate currency conversion

currency converter

The Bitcoin Phenomenon

There is a new video that is taking the Bitcoin community by storm. Produced by recently launched internet cable brand SQ1 (pronounced square one), the video titled “The Bitcoin Phenomenon” explores the groundbreaking aspects of digital currency. Filled with interviews with some of the crypto community’s best and brightest, the half-hour long video gives a glimpse into the Bitcoin ecosystem by exploring what makes the cryptocurrency special, while also providing narrative regarding technology, legislation, important political implications and what those interviewed envision for the future.

The idea for The Bitcoin Phenomenon came about a year ago, when founder of SQ1, Bhu Srinivasan, was introduced to the idea of Bitcoin from a friend and decided to explore it further. Although not a Bitcoiner at heart, Srinivasan knew that the Bitcoin conversation was just getting started and chose to get a crew together and shoot at the Bitcoin Conference in San Jose last year. SQ1 reached out to individuals they thought would make perfect guests for the interviews, each of whom had a different background and expertise within the digital currency space.

Of those featured in the video are well-known individuals within the community including, Bitcoin core developer Gavin Andresen; venture capitalist Jeremy Liew; Coinapult CEO Erik Voorhees; Peter Vessenes, Head of the Bitcoin Foundation; Co-Founder of Coinbase Fred Ehrsam; medicinal marijuana activist Steve Kubby and Buttercoin CTO Bennett Hoffman. Also interviewed are crypto-anarchists including, Trace Mayer and founder of Antiwar.com, Angela Keaton.

Wences Casares On Bitcoin

Xapo’s Wences Casares will convince you that Bitcoin is the most important social experiment of our time. 5,000 years after the birth of the old gold standard, this new and accessible alternative is here to stay.

Bitcoin Hangout Charts Discussion

Bitcoin charts tracks the price of Bitcoins by providing a professional trading in real-time charting, and Technical Analysis

The Bitcoin Bubble

I’ve been interested in Bitcoin since the early days but have not been paying much attention to the price action until recently. This is a postmortem of the idea that Bitcoin was in a “bubble” at the end of 2013. Neither the fundamental or technical analysis supported this idea.

Bitcoin in an exotic virtual commodity with associated technology. It has an established market base and a potential to become an international digital currency with wider applications. It is a high risk investment for skilled investors.

Technical Analysis:
Pundits* have recently suggested a bubble, however earlier and recent price action seem to confirm that this is not the case. (see program for explanation)

Jesse wrote the above article just after the probe and rejection of the A price range low, at about B on my chart. As you can see the market was easily able to break 0, such was the power of buying at below 0.

The Bitcoin market should continue the move to test the prior high in the next couple of weeks. Current behaviour suggest that the rally may fail near the prior high and fall back to retest the centre of the 0-00 range at around 0.

The above information and the associated program are purely intended for educational purposes, they are not intended as advice or a solicitation to trade.

Bitcoin Statistics and Transactions

Keep track of Bitcoin Statistics in real-time by showing the exchange of the Bitcoin rate, transactions that are going on through the network data including the market cap. For more info about Bitcoins http://bitcoinexchangebot.com/iscript.php?708_A21

Bitcoin Charts – https://www.youtube.com/watch?v=ZM-dmdf1GPk
Bitcoin Hash Rate – https://www.youtube.com/watch?v=pqUpomQbXes
How to sell bitcoins – https://www.youtube.com/watch?v=zk3nHjH71nc
Zetacoin – https://www.youtube.com/watch?v=cigi8cjWZzc

A great deal of individuals who are merely starting out with Bitcoin statistics may find it very difficult. There are a bunch of brand-new terms and concepts that need to be learned just before you could recognize just what is going on or what to do. The entire idea of Bit coin calls for the average person to modify the method they regard cash and just how it is valued.

In order to help you identify what you need to understand about the value of Bitcoins, read on to discover concerning several of the most crucial Bitcoin market value. They are not listed in any certain order.

Market Capitalization

Bitcoin market data reveals to you how many bit coins are in circulation and multiplies that number by the present Bitcoin exchange rate. This statistic will certainly always be provided in USD quantities.

Price Graph

This fact reviews the most recent Bitcoin trading price versus an assortment of other currencies. It then reveals you exactly how each exchange has actually placed over the previous 30 days.

Exchange Volume Circulation

This figure is given as a pie graph. It provides you details regarding the trading quantity distribution for Bitcoin exchange.

Network Hashing Fee

This figure gives you the total hashing trouble in addition to the approximate quantity of giga hashes that are occurring on the network each second. The number given provides investors a suggestion of just how hard it will be to obtain a new block.

Hash Rate

This figure is also displayed as a pie plan. It reveals you approximately the amount of the hash price is being distributed throughout the major mining pools. It is essential to the whole network that no pool ever reaches greater than 50 percent of the overall hashing energy.

We can just provide you with a handful of the most important Bitcoin data. As you continuously learn about the world of Bit coin, you will locate other sources of data.

A great deal of individuals that are merely starting out with Bitcoin may locate it rather overwhelming. There are a bunch of new terms and suggestions that have to be found out prior to you can understand exactly what is taking place or just what to do. The entire principle of Bitcoin needs the average person to alter the method they perceive cash and how it is valued.

It shows you around how much the hash price is being distributed throughout the significant mining swimming pools.

A great deal of folks who are merely starting out with Bitcoin could discover it very overwhelming. The whole concept of Bitcoin needs the ordinary person to modify the means they perceive cash and exactly how it is valued.

A lot of individuals that are just beginning out with Bitcoin might discover it quite frustrating. There are a great deal of brand-new terms and suggestions that need to be discovered prior to you could recognize exactly what is going on or what to do. The entire principle of Bitcoin calls for the average individual to modify the method they view money and just how it is valued.

How to Use Bitcoin Exchange Rate Charts

what is bitcoin

How Bitcoin Works in 5 Minutes (Technical)

A short introduction to how Bitcoin Works. Written Version: http://www.imponderablethings.com/2014/04/how-bitcoin-works-in-5-minutes.html

Less technical version: https://www.youtube.com/watch?v=t5JGQXCTe3c

Donation address: 1K7A6wsyxj6fThtMYcNu6X8bLbnNKovgtP

Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)

Bitcoins in Argentina


What is Bitcoin

One Response to “Home”

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