ELI5: bitcoin mining (xpost in ELI5) • r/Bitcoin - reddit

by azotic

Ok so I've seen several places where bitcoin has been explained, but there is one thing about it that always seems kinda glossed over: mining. I know there have been other explanations on here but I'd like to throw in mine too. It seems either explanations are either too simple, saying that miners "solve a difficult math problem" or are too arcane, talking about such-and-such hash...

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Website: https://www.reddit.com

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Bitcoin explained: Here's everything you need to know - CNET

How does one 'mine' Bitcoin?

A person (or group, or company) mines Bitcoin by doing a combination of advanced math and record-keeping. Here's how it works. When someone sends a Bitcoin to someone else, the network records that transaction, and all of the others made over a certain period of time, in a "block." Computers running special software -- the "miners" -- inscribe these transactions in a...

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Date: 2017-12-20 03:34:24
Website: https://www.cnet.com

Invest Bitcoin – Get Free Bitcoins Here

Bitcoin Faucets

Invest Bitcoin

Once you have some Bitcoin, you need somewhere to invest Bitcoin. Every one of these Investing Programs�accepts Bitcoin as a funding source. Many are engaged in Bitcoin-related business like mining or trading. Many offer exceptional returns. But these are high-risk investments!

You should never invest more than you can risk losing (in anything).

Featured...

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Date: 2018-01-11 13:21:39
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Bitcoin Mining- Bitcoin Generator Hack

What is The Bitcoin Generator V4.5?

The Bitcoin Generator V4.5 is a special software that collect faucets from over 70,000+ Bitcoin miners every seconds, It also Individually between claims per account/IP address! collect Bitcoins from online Gambling Sites such as Primedice.com , bitsler.com and 50+ Others!

About Bitcoin Generator V4.5

After many years in development and many requests, Bitcoin Generator V4.5 is now released to public and is completely...

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Date: 2017-05-16 16:07:59
Website: http://bitcoingenerator.com.ru

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5 Minutes Faucet List - Top Paying Sites

Quick five minute bitcoin earning faucets. As of now we saw recently that Bitcoin price are rising and expecting more rise in coming july 2016 bcoz bitcoin mining reward will become half....

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Building a Crypto Currency Mining Machine - Part Three

Building a Crypto Currency Mining Machine - Part Three

By Jeff Checchi, on March 04, 2014 07:00 PM

In the� last part of this series �Jon Gerow talked about the hardware we chose for this build and how we put it all together. This time I am going to to give you a general overview of what the mining process actually entails, and talk a little about the software configuration and how I got...

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Bitshares Account Kaise Banaye - easybitcoin.org

Bitshares Account Kaise Banaye

What remains in "Bitshares Account Kaise Banaye" you are looking for can be discovered below on our site. The electronic currency Bitcoin has a dedicated following, consistently makes headlines and inspires many investors to think about making digital currency part of their financial investment profiles. Federal governments could not take your Bitcoins, there is no...

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Bitcoin Investment Calculator: Use it Before You Invest

30BTC » Bitcoin Investing

Two Best Tools to Calculate Your Future Profit in Bitcoin Investment

Nowadays traders have a good amount of tools which help them to predict market behavior, estimate possible return or count all the ratios. The latest technologies and programs make trader's job more efficient, fast and accurate. One of such programs is a bitcoin investment calculator.

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What Problem is Solved by Bitcoin Miners? - CoinText.com

By Milly Bitcoin - May 16, 2013

One of the most common questions about Bitcoin mining.� What are they doing?� What problem are they trying to solve?� Can it be solved with pen and paper?� Are they wasting resources?� Are they using the computer power to hack something?

The problem being solved involves cryptography.� To put it simply,�a cryptographic cipher�turns one string into...

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Website: http://cointext.com

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How do you buy Bitcoins? | How to easy purchase Bitcoin

How do you buy Bitcoins?

Beginner's guide to Bitcoin

Buying Bitcoins Overview

One can buy Bitcoins from either exchanges, or directly from people via marketplaces. There are a variety of ways to pay for Bitcoins: from hard cash and debit and credit cards to wire transfers. Although there are a variety, it's still not so easy to buy Bitcoins with a credit/debit card or PayPal, as it should be.

Get...

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Website: https://www.coinstaker.com

Get Your First Free Bitcoins Today | CryptoJunction.com

Get Your First Free Bitcoins Today

Get Your First Free Bitcoins Today

It's easier than you think to get your hands on some free Bitcoins today. Though these methods might not get you rich it's a good way to try out Bitcoins for the first time. To get that feeling of receiving and sending Bitcoins to and from your wallet.

But why would someone give away Bitcoin for free you might ask your self...

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Website: https://cryptojunction.com

Bitcoin Price and Rates

Gold (troy ounce) XAU10.36 XAU

What is Bitcoin?

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men - meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even...

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Website: http://bitcoinprice.xyz

The Bitcoin Mines of Iceland - The New York Times

On the flat lava plain of Reykjanesbaer, Iceland, near the Arctic Circle, you can find the Bitcoin mines, Nathaniel Popper reports in DealBook . There, more than 100 whirring silver computers, each in a locked cabinet and each cooled by blasts of Arctic air, are the laborers of the virtual mines where Bitcoins are unearthed. The custom-built machines, running an open-source Bitcoin program,...

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Date: 2017-12-13 03:00:15
Website: https://dealbook.nytimes.com

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Bitcoin Philippines: Learn about Blockchain & How to ...

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Is making dollar while spending pesos possible? Apparently, it's a big YES.

You're probably one of those Filipinos abroad looking where to invest and eagerly searching for different OFW investment tips that will help you earn more. As someone working in a foreign country, whether you're a seaman or caregiver- we can't deny we're just any Filipino leaving abroad with optimism that while you're...

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Monero Mining Calculator Difficulty Increase

Enlighten on your own with expertise about "Monero Mining Calculator Difficulty Increase". Understanding is love! Bitcoin is an electronic cryptocurrency that is decentralized and also operates making use of a peer-to-peer network. Unlike other moneys, it has no main authority or government-based support. It is an electronic money and is basically a code that is traded in between 2 people....

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Website: https://bitcoinminingpool.net

bitcoin mining hardware comparison – Captcha Typing Job

22 Min read

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FreeBitco.in Review - What You Need to Know About this Bitcoin Faucet FreeBitco.IN is a bitcoin faucet owned by Interglobal Limited, a limited liability company that offers...

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What is the value of Bitcoin? | IT PRO

2017 has been a great year for Bitcoin, further building on its position as the world's most popular and most funded cryptocurrency. The virtual coin has seen massive growth in the last month alone, rising almost 50% and smashing past the $2,000 mark.

Yet Bitcoin is an entirely different beast to traditional currencies, as it's not backed by a nation's economy, nor is it centrally controlled....

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bitcoin mining software windows 7 32 bit – Captcha Typing Job

22 Min read

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FreeBitco.in Review - What You Need to Know About this Bitcoin Faucet FreeBitco.IN is a bitcoin faucet owned by Interglobal Limited, a limited liability company that offers...

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Bitcoin Faucet | Guide on Earning easy BTC

Why can't i see the faucet claim/earning button?

What are Bitcoin Faucets

Bitcoin Faucets (wrongly said: faucet bitcoin) are websites, on which you are able to get free bitcoins (or any other cryptocurrency). Normally after you receive your bitcoins, for visiting the bitcoin faucets, you will need to wait some predefined amount of time - usually about 60 minutes - before being able to get more...

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Website: https://www.coinstaker.com

Is Your Computer Secretly Mining Bitcoin Alternatives? A ...

Cryptojacking involves using someone's computer without their knowledge, perhaps for just seconds at a time, to mine a cryptocurrency.

In the case of bitcoin, mining requires specialized hardware and consumes masses of energy. For example, each bitcoin transaction takes enough energy to boil around 36,000 kettles filled with water. In a year, the whole bitcoin mining network consumes more energy...

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Website: https://singularityhub.com

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Bitcoin vs. Gold Infographic - JM Bullion™

Open: 17.03 High: 17.19 Low: 16.91

Dec 30, 2017 at 03:31 EST

Share this Image On Your Site

<p><strong>Please include attribution to www.jmbullion.com with this graphic.</p><br /><br /> <p><a href='https://www.jmbullion.com/bitcoin-vs-gold-infographic/'><img src='//cdn.jmbullion.com/wp-content/uploads/2014/06/bitcoin-vs-gold-infographic.jpg' alt='Bitcoin vs. Gold' width='919px' border='0'...

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Is Bitcoin A Bubble? - huffingtonpost.co.uk

Yes. There is no doubt that the price of Bitcoin is showing all signs of a bubble ripe to burst. Within just one year the price has risen by more than 1,000%! How sustainable is that?

Look at how it compares to the dot-com bubble.

WSJ

Bitcoin vs dot-com bubble

Unlike the dot-com bubble, however, there is no underlying economic mechanism to keep a check on the price of Bitcoin. It's only worth...

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Website: http://www.huffingtonpost.co.uk

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Bitcoin, explained - Vox

Bitcoin is the world's first truly open financial network. MasterCard and PayPal place limits on who can build applications using their platforms and what those applications can do. The Bitcoin network has no such limitations. This openness could lead to a fast pace of innovation in the coming years.

The internet provides a good point of comparison. In the 1980s, the internet was complicated and...

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Website: https://www.vox.com

Badbitcoin.org - Helping you stay Safe in the World of ...

The Badbitcoin Project

Exposing bitcoin and cryptocurrency frauds since Feb 2014

If you have never read it, then a great place to begin your bitcoin adventure is by reading the very short original White Paper , from Satoshi Nakamoto. This explains the concept of bitcoin, and why so many of us work so hard to progress this disruptive technology.

When you understand the potential of bitcoin, you...

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Date: 2017-12-19 23:15:09
Website: http://www.badbitcoin.org

Exodus Status

December 5th, 2017 @ 2:25 PM Pacific Time: There is a widespread delay for a few Ethereum-based (ERC20) tokens. Because we do not want users to be without funds in these fast-moving markets we have temporary suspended exchanging the slow moving assets. We have noticed customers exchanging these assets experiencing delays for 24 - 48 hours. Each of these asset delays are described in detail...

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Website: exodus.io

Badbitcoin.org - Helping you stay Safe in the World of ...

This may catch a great many people. Not associated with the (debatably) genuine Cex! 12/15

Cointoshi.com

From the same dipshit that brought you the Cryptonius scam. Hasn't changed career then. 12/15/17

Bitcoinware.shop

To be honest, any store claiming to have any Crypto Mining Equipment in stock, is pushing credibility. Not real - sorry. 12/15/17

Ltcminer.com

This scammer really wants your...

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Date: 2017-12-19 23:15:09
Website: http://www.badbitcoin.org

Bitcoin Blockchain Size Limit - bitcoinpools.net

At Coinbase, for instance, dependable clients might merely purchase up to $1,000 well worth of bitcoins continually.

Bitcoin Blockchain Size Limit -Investment Hunters Calculator -Qe For The Masses - Unity Ingot

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Bitcoin Basics—9 Things You Should Know About the Digital ...

What does money look like? Though the answer may vary depending on what country you live in, traditional currency is usually made up of paper bills and coins. While you may not remember the exact faces gracing the currency of your country, it's still fairly easy to imagine what cash looks like without opening your wallet.

That's not quite the case with bitcoin, a currency that has garnered an...

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Date: 2017-12-19 22:45:34
Website: http://www.finra.org

LocalBitcoins.com: Fastest and easiest way to buy and sell ...

How can I change the language of the website?

The LocalBitcoins website is currently available in English, Spanish, French, Italian, Russian, Brazilian, Portuguese and Chinese.

You can change the language of the site from the footer, scroll down all the way to the bottom of the page and click the text next to the globe under the heading Services to see a dropdown of the languages on offer.

I've...

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Website: https://localbitcoins.com

LocalBitcoins.com: Fastest and easiest way to buy and sell ...

How can I change the language of the website?

The LocalBitcoins website is currently available in English, Spanish, French, Italian, Russian, Brazilian, Portuguese and Chinese.

You can change the language of the site from the footer, scroll down all the way to the bottom of the page and click the text next to the globe under the heading Services to see a dropdown of the languages on offer.

I've...

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Website: https://localbitcoins.net

How to buy bitcoin in the UK: Turn your cash into ...

Want to get on board? Here's how to buy bitcoins in the UK.

Buy bitcoins in the UK�

Set up a bitcoin wallet to store your prospective bitcoins.

Visit a reputable website that will let you exchange your Fiat currency for bitcoin.�Fiat currency is a term used for any legal tender whose value is backed by the government that issued it. In the UK, this applies to Sterling.

Supply your wallet ID...

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Website: http://www.alphr.com

thebtcgenerator.com

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What is Bitcoin?

Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a...

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Website: http://thebtcgenerator.com

The BTC generator - Earn Free Bitcoins

235 satoshi

What is Bitcoin?

Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a...

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Website: thebtcgenerator.com

Bitcoin Free Best Faucet List

This is high paying list of bitcoin faucets with Timer. These bitcoin faucet list checked daily by our system. Payment mode is how the faucet will send your reward. Minimum satoshi represents smallest possible rewards from the faucet. Waiting time is the time between two rewards. Status represents site during our last visit.

The most reliable way to earn your first Bitcoin amounts is through...

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Buy Bitcoins With Credit Card | +Bitcoin

Search for:

Buy Bitcoins With Credit Card

Several services will now allow you to buy bitcoins with your credit card. But it comes with a price and some hassle - mostly connected with the verification process.

Buy bitcoins with credit card via Cex.io

Once trading and mining platform Cex.io has now a service to buy bitcoin currency via credit and debit cards - they accept Visa and Mastercard...

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Website: plusbitcoin.net

Buying Gold & Silver With Bitcoin - JM Bullion

Tweet

Since its establishment in 2008, the online payment system known as Bitcoin has enabled millions of customers to make and receive payments without the involvement of any banks or credit/debit card companies. The popularity of this payment method stems not only from the convenience of its transaction process, but also from the currency it uses, the bitcoin. The bitcoin serves as the single...

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Website: jmbullion.com

Bitcoin Value History | Price, Chart, Market Cap, News | BTC ...

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Bitcoin is a digital currency , world's famous cryptocurrency. Who creates Bitcoin? Its answer is not that much easy. while the identity of the creature of bitcoin is still a mystery. �In last of 2008, someone going from the username Satoshi Nakamoto, release a white paper to cryptography list. The 9-page paper was entitled" Bitcoin,...

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Website: http://btcwonder.com

Top Bitcoin apps for iPhone - iPhone Hacks | #1 iPhone ...

Buffer13

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Bitcoin is a phenomenon of the digital age, a currency without borders or regulation, a form of money that is totally anonymous - and, as a result, it has been taking off slowly but surely over the last five years, especially among geeks and tech-enthusiasts. If you have an iPhone�then there are applications, widgets and utilities which can help you manage your bitcoin...

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Website: http://www.iphonehacks.com

Will bitcoin / cryptocurrency be the one-world currency of ...

Will bitcoin / cryptocurrency be the one-world currency of the end times?

Subscribe to our Question of the Week :

Question: "Will bitcoin / cryptocurrency be the one-world currency of the end times?"

Answer: Bitcoin is what is called a cryptocurrency--"money" that is completely virtual and is neither distributed nor regulated by a centralized government. The "crypto" part of cryptocurrency...

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Date: 2017-12-28 20:45:03
Website: https://www.gotquestions.org

Hashers – Info and tips for cryptocurrency traders and miners

Website started on 11 October 2017 and still in development. Our plans:

Tips

There are lots of ways to earn some extra with cryptocurrency. Trading is the most obvious but there are much more. We collect some tips and if you have suggestions we take a look on those.

Info

There is lots of information out there. It takes quite some time to filter out the bad info (scams for example) and keep...

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Website: https://hashers.co.uk

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Buy bitcoins with credit card australia - YouTube

Buy bitcoins with credit card Australia

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Bitcoin Money Adder Software - Double Your Bitcoin Free

BitCoin Money Adder tool is easy to use. You can get your bitcoins without mining by only using this tool! As a bitcoin miner you know that the value of this virtual cash keeps increasing everyday. Right now 1 BTC is worth more than ~1000 USD ! You can easy generate Bitcoins every day using BitCoin Money Adder and you can sell it! It doesn't matter if your Computer is old, this program doesn't...

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Date: 2017-12-19 18:00:37
Website: http://www.moneyadder.download

How to make money with Bitcoin – The Merkle

This article and video will show you how to make money with Bitcoin without ever leaving your desk. Each way to make money with Bitcoin�has a different risk threshold with which comes its own reward.

Start a�Bitcoin Faucet

The first and lowest risk way to make money with Bitcoin is starting your own Bitcoin faucet.�Bitcoin Faucets are websites which give out bitcoins in exchange for time...

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Website: https://themerkle.com

Trading Bitcoin | How to Trade Bitcoin

Buying Bitcoin

Trading Bitcoin comes with statuary warning, sometimes from one's own instincts -- and sometimes -- from the governments' empathetically written circulars. The digital gold has indeed swept a large section of global traders and investors towards its mouth-watering -- and risky -- volatility. And as with any speculative market, Bitcoin has its shares of ills when it comes to...

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Website: newsbtc.com

Buy Bitcoin Online | xCoins.io

BUY BITCOIN ONLINE

Buy Bitcoin Online

The digital currency known as Bitcoin has continuously grown in popularity ever since its creation in 2009. As of 2017, there are well over 300,000 bitcoin transactions carried out daily, and there are over 16 million bitcoins in circulation. Thousands of retailers, including well-known businesses like Overstock.com, Dish Network, Expedia, and the fast food...

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Website: xcoins.io

Top 5 Cryptocurrency Scams of 2014 - Bitcoin News Magazine

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The bankruptcy of MtGox , once the world's largest bitcoin exchange, began in February 2014 with the loss of an estimated 750,000 bitcoin worth $35 million dollars at the time. While MtGox remains the largest bitcoin scam to date there have been others, some not as well known, causing investors to lose millions of dollars. Here is...

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Website: https://bitcoinnewsmagazine.com

Top 5 businesses that accept Litecoin payments - CoinReport

Tag: Businesses , Litecoin , top 5

Litecoin is the second most valued digital currency on the market, only being bested by bitcoin. However, litecoin is not just a knock-off to the world's first digital coin. It was intended by its developers to improve on the structure set forth by bitcoin.

The main two differences that separates litecoin from bitcoin:

1) Litecoin processes a block every two and...

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Website: https://coinreport.net

You can now buy bitcoins on eBay | The Daily Dot

These days, there are plenty of ways to acquire virtual currency. You can buy it on an exchange . You can withdraw it from a Bitcoin ATM . You can mine it yourself. You can steal it in a massive, complex, multimillion-dollar heist.

Now there's a new addition to that list: You can buy it on eBay .

Without going out of its way to court much publicity, the online auction Goliath has quietly added a...

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Website: https://www.dailydot.com

Concerned about Bitcoin security? Try this | Sovereign Man

It happened again. Last week, hackers stole 4,700 Bitcoins (over $80 million at today's price) from mining marketplace NiceHash.

(The company pairs up people with spare computing power with others who are willing to pay to use that capacity to mine Bitcoin- and then announced they would reimburse users who lost money from the hack.)

On top of that, last month hackers stole $31 million of another...

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Website: https://www.sovereignman.com

Related topics : bitcoin wallet address private key / all bitcoin private keys / bitcoin wallet private key generator / bitcoin price all exchanges / all you need to know about bitcoin mining

Bitcoin - Bitcoin Wiki

Basic Concepts

Currency

Alice wants to buy the Alpaca socks which Bob has for sale. In return, she must provide something of equal value to Bob. The most efficient way to do this is by using a medium of exchange that Bob accepts which would be classified as currency. Currency makes trade easier by eliminating the need for coincidence of wants required in other systems of trade such as barter....

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Website: https://en.bitcoinwiki.org