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Bitcoin Loans

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Bitcoin Loans

What are Bitcoin Loans?

In a world where 14% of the working population is somehow involved in entrepreneurship and tech startups, access to funds is a prevalent issue. Prior to the time of digitization, banks and other financial institutions would’ve been the solution to this problem, however, a paradigm shift has occurred; bitcoin loans happened.

Businesses are no longer interested in paying exorbitant interest fees to banks, waiting for days to get cleared, or even being denied access to the money when you need it. The widespread acceptance of blockchain as a means of initiating and authenticating transactions has heralded the change we all seek. You might ask, how do I get bitcoin loans? Stick around and the answer to your question will be provided.

Bitcoin Loans

What if you were told that you can have access to loans from the comfort of your home? In less than 15 minutes? And with interest rates as low as 1% monthly? Incredible, right? However, this is true. Thanks to the nature of cryptocurrencies; the loan we all dreamed about is now a reality.

Small businesses and startups can now crowdsource for funds via loans which are provided almost instantaneously with bitcoin loans. On many platforms, there is no processing fee attached and the process is less stressful compared to conventional banking systems.

Procedures for Getting Bitcoin Loans

It all starts with the verification process. Normally, banks take weeks to carry out background checks and verification, even after you provide collateral. The internet has, however, been leveraged to come up with a simpler method of verification.

Firstly, a government-issued ID is required to confirm your identity. This can be completed by simply scanning your ID and uploading it. Also, you might need to verify some of your social networks; e.g. Facebook, Twitter, Google plus. In addition to this, if you registered your income, you might be required to verify your income and/or PayPal account.

After this, you have the option of choosing the right type of loan you want. Your selection is based on the different lending rates and presented on the platform. Some platforms have a fixed rate while others allow you negotiate with the lender directly.

After you complete this, you should expect an approval in a few minutes or hours; depending on the details of the loan.

Credit Rating and Building Reputation

Thankfully, these processes are entirely automated; ensuring transparency and ease of doing business. Some platforms require you to connect several online accounts which you use for purchase, business, etc. a unique machine learning algorithm is then used to sift through the data and provide a credit rating.

This process also involves manual checks and is completed within 24 hours. Normally, applicants with an impressive track record on platforms like Amazon and eBay receive higher credit ratings and lower interest rates.

Building Reputation

Some platforms are more stringent with the requirements and they require an online reputation to provide loans. Reputation can be achieved by buying and holding collateral. The types of collateral available include shares and altcoins.

Any user with strong online reputation on other platforms can also port over the reputation by providing proof of ownership. Another method by which users get to build their reputation is by getting a fellow user to vouch for you. There’s a catch though, the reputation of the person vouching for you affects your reputation.

Lending Platforms to Get Bitcoin Loans

Visit Bitbond’s Official page

Bitbond

One of the leading peer-to-peer platforms which allow lending of cryptocurrencies is Bitbond. It was founded in 2013 and it is headquartered in Berlin, Germany. Bitbond got its registration and approval from the German government and the government is in charge of the regulation.

The company was borne out of a desire to help small-medium enterprises and fledgling entrepreneurs acquire the needed funds without facing the limitations of financial institutions. Currently, it has serviced over 1600 loans, recording almost 80,000 users. The service is employed in over 120 countries and it continues to expand.

BTCPOP

This is the first peer-to-peer bank to spring from the United Kingdom. They integrate contemporary banking system of operation with the flexibility and modernity of peer-to-peer technology. For example, account holders who save bitcoins in their cold wallets get 5% interest.

It was founded four years ago and the headquarters is located in East Sussex, United Kingdom. With a catalog of over 20,000 users, they have extended their operations to over 60 countries, servicing over 10,000 loans in the process.

.

Visit Btcpop’s offical page

Conclusion

Cryptocurrency is the undeniable technology for the future. With a platform that facilitates safe and instant loan transactions, the sky is the beginning. The earlier business owners and entrepreneurs exploit this opportunity, the better.

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Primecoin Faucet List

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Primecoin Faucet List

PrimeCoin (XPM)

PrimeCoin is an innovative open-source cryptocurrency that is secured by cryptography. It uses an unequaled scientific proof-of-work system that is based on searching prime numbers. This system in addition to providing security to the network it also generates a special chain of prime numbers that are of interest to mathematical research. Besides, it is issued through a mining market that is largely decentralized hence no interference from third parties.

Learn More About: How Bitcoin & Crypto-Currency Faucets Work

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PeerCoin Faucet List

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PeerCoin Faucet List

PeerCoin (PPC)

This is a peer-to-peer cryptocurrency that uses the approach of hybrid mining of both the systems of proof-of-stake and proof-of-work to offer maximum security of transactions. It is also referred to as PPC or PPCoin. This was conceptualized based on a paper of 2012 August whose authors were listed as Scott Nadal and Sunny King. The main goal of this cryptocurrency being to alleviate the huge amount electrical energy used to power the bitcoin network. It also uses an open-source codebase for transparency and uses a system of transfer that is relatively easy to use.

Learn More About: How Bitcoin & Crypto-Currency Faucets Work

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BlackCoin Faucet List

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BlackCoin Faucet List

BlackCoin (BLK)

This is a digital currency that uses a proof-of-stake system to allow for secure peer-to-peer transactions. Since its development by Rat4 in 2014, BlackCoin has facilitated extremely fast transactions where users can make payments across the world in a matter of seconds. It also allows for anonymity where users can transact without personal identifying information. The software is an open source software and it permits for auditing of its safety and it requires users to share their bank history making it very transparent.

Learn More About: How Bitcoin & Crypto-Currency Faucets Work

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Ethereum Faucet List

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Ethereum Faucet List

ETHEREUM (ETH)

This is an open-source public platform that is based on black chain technology and it uses the smart contract functionality. This ledger technology allows for applications of this software to be decentralized and therefore run as programmed with no chance of fraud and third-party interference. Ethereum supports the upgraded version of Nakamoto consensus through transactions that are based on state transitions. Ether is Ethereum’s currency that fuels the network and is used by application developers to pay for services and transaction fees on the Ethereum network.

Learn More About: How Bitcoin & Crypto-Currency Faucets Work

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Bitcoin Cash Faucet List

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Bitcoin Cash Faucet List

Bitcoin Cash (BCH)

Bitcoin cash is a cryptocurrency that is a hard fork of bitcoin. It was created on August 1, 2017, as a result of the bitcoin scalability debate. According to the official website of Bitcoin Cash, this cryptocurrency is defined as “ peer-to-peer electronic cash for the internet” and as such a form of sound money. It is denoted as BCH. Bitcoin cash increases the size of blocks leading to processing of many transactions. Merchants and users of Bitcoin cash enjoy low fees and reliable confirmations. In addition, it is fully decentralized, has unrestricted growth, experiences permissionless innovation and its accepted globally.

Learn More About: How Bitcoin & Crypto-Currency Faucets Work

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LiteCoin Faucet List

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LiteCoin Faucet List

LiteCoin (LTC)

This is an open-source software that allows transaction of cryptocurrency between peers. It was released under the MIT/X11 license on October 7, 2011. It offers very fast and low-cost payments globally and is fully decentralized without any central bank control. Creation and the transfer of litecoin is done through a cryptographic protocol.

Learn More About: How Bitcoin & Crypto-Currency Faucets Work

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Dogecoins Faucet List

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Dogecoins Faucet List

Dogecoin (DOGE)

This cryptocurrency was created in 2013 and it makes use of Doge as its mascot. Doge is an internet meme that is associated with the image of the Shiba Inu dog. It was initially intended as joke currency but it unexpectedly developed and reached a market capitalization of US$60 million in January 2014 thanks to the efforts of the community of the Doge fans. This coin has remained very popular with time and has grown to a capitalization of US$1billion as of December 2017.

DogeCoin has a very fast coin production schedule that grows rapidly each year. By mid-2015 there were 100billion Dogecoins in circulation with an extra 5.256 billion coins every year. It allows for very fast transactions with no network congestion. This cryptocurrency has few commercial applications and can be used as a tool of exchange to move between other cryptocurrencies. It has also gained reputation as an excellent internet tipping system where users give DogeCoin tips to users that provide great exciting content.

Learn More About: How Bitcoin & Crypto-Currency Faucets Work

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Bitcoin Faucet List

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Bitcoin Faucet List

BITCOIN (BTC)

Bitcoin is a digital system of payment that is used globally. It provides its users with a platform to transact business online without exposing their real identity. This is the first blockchain-based cryptocurrency to be decentralized, allowing its users to transact without a central authority or a single administrator.

Learn More About: How Bitcoin & Crypto-Currency Faucets Work

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How to Buy and Sell Bitcoin

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How to Buy and Sell Bitcoin

How to Buy and Sell Bitcoins

Out of 5 people you know, 4 are already telling you of the numerous benefits of cryptocurrency and blockchain technology. Of all cryptocurrencies, one widely known currency is bitcoin. It has been around for almost a decade now and the price has soared astronomically in recent times. Do you want to join the movement? This article will enlighten you on how to buy and sell bitcoins.

What are Bitcoins?

For those who are new to the crypto business, here’s a quick guide. Bitcoin is the pioneering digital currency which employs sophisticated encryption techniques in initiating and authenticating transactions. It is not regulated by the government, neither does it require the service of middlemen; banks.

Why You Should Buy and Sell Bitcoins

8 years ago, convincing people to invest their hard-earned money in a technology which had no backing from the government would’ve been impossible. Now, the technology is gaining widespread acceptance and it is becoming easy to make people see reason. 8 years from now, people will be begging for an opportunity to invest in bitcoins.

How to Buy Bitcoins

Buying Via Digital Exchanges

Since bitcoin is a digital currency, it cannot be minted or printed, however, it can be mined. The details of this mining process are quite recondite and unnecessary to becoming a crypto investor. There are several digital currency exchanges where you can purchase bitcoin. Some of them include Coinbase, Bitstamp, and Kraken.

After choosing an exchange, the next step to take is to get a wallet. The same way you use a wallet/purse to hold your physical cash, wallets are required to store any digital currency. There are hardware and software wallets which will serve this purpose effectively.

Some of the software wallets are tied to the exchange service so this makes transactions more convenient. Meanwhile, hardware wallets make use of a device resembling a memory stick to store your private keys. Hardware wallets are often offline; away from hackers who are constantly seeking to access funds and this extra layer of security is accepted with fondness.

Registering and Verification

The process of signing up is seen as invasive by some, however, the scrutiny is to protect users against any form of fraud. To register, your name, state, date of birth, and every other information provided on a government-issued ID is required. You might also be asked to provide your bank account details.

If you want a totally anonymous purchase, feel free to hop on any of the websites which connect buyers and sellers. Paxful and LocalBitcoins are few examples and here, you can trade bitcoins for cash or gift cards without providing any record of your personal information.

Buying Via ATM

Another very easy method of making transactions is by using the Automated Teller Machine. There are shops built all around with this bitcoin specification in mind, so it shouldn’t be hard to find. Even though there are different machines and systems of operation, the general idea is similar.

Now, face that machine and visit them. Next, you select the amount you would love to send.  Many machines claim that which is important. Mostly, you will be required to provide your phone number so as to receive the offline code sent to you.

The process of withdrawing funds from ATM machines are as easy as they can be. Finally, there are options for you to select your preferred destination and the options include your physical address, QR code, machine address or QR codes.

How Much Bitcoins Can I buy?

No matter how rich you are, there is a limit to the amount of bitcoin you can purchase. On various exchange platforms, there are daily and weekly limits on the transaction allowed and this depends on several factors. For instance, the payment method you use, how active your account is, and your purchase history.

Usually, there’s a cap preventing you from purchasing over $15,000 per week from your bank account, or $750 with a credit card. A minimum also exists for several platforms. You can purchase $1.99 worth of bitcoin, however, an exchange platform like Coinbase will charge 99 cents for this transaction.

Selling Bitcoins

You can sell bitcoins to your parents, friends, and even foes alike. Almost all, if not all the platforms which provide you with an avenue to buy bitcoin also gives you the privilege of selling the currency and this time, it is over.

Selling at a Profit

In just one year, price volatility has reached an all-time high. You should, however, note that the price fluctuates according to different laws and acceptance.  Cryptocurrency is not regulated by banks, neither does the government back the trading, you should consider buying cryptocurrencies of low value and then selling it off as their value increases.

Trading Bitcoin for Other Currencies

With an ever-increasing market to trade, other currencies are trying to be as popular as bitcoin; the pioneer currency, however, with little luck. The volatility surrounding these currencies are instrumental when it comes to choosing a price for sale. Most times, there is no accurate assessment of these currencies and they often rely on luck. Some of the currencies considered are mentioned below.

Litecoin

This is one of the alternatives to bitcoin and it was created in 2011. The growth potential of this currency is massive; increasing to over 100 times its initial value this year. It also ranks in the top 5 cryptocurrencies in terms of market capitalization.

Ethereum

This is often touted as the currency with the next best market cap after bitcoin. Ethereum itself is a framework which executes smart contracts and this gives it a long-term value since it can be adopted in banks and other financial institutions. Recently, there has been a surge in the price of the coins.

Bitcoin Cash

Even though this currency is obscured and rarely talked about, pundits estimate that it is the second most valuable cryptocurrency in the world. One should note, however, that the price is extremely volatile. It can rise by tens of percent today and still crash in a few minutes. It is only advised if you are willing to put in a high-risk investment.

Conclusion

You might not become an economic investor overnight, however, you can still pick up a thing or two. Investing in bitcoin now is probably the best financial decision you will ever make.

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What is Bitcoin?

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What is Bitcoin?

What is Bitcoin?

This is a million dollar question. If we account for the current value as at the time of writing, it is a 90.9 BTC question. The crypto-fever has spread far and wide and now, 7 in 10 people worldwide have heard the word ‘bitcoin’.

However, not many people can answer the question “what is bitcoin?” This article will open your eyes to the amazing blockchain technology, how bitcoin works, and other similar currencies.

Bitcoin; The Pioneer Currency

In 2008, an anonymous computer programmer, with the pseudonym; Satoshi Nakamoto, came up with a whitepaper explaining the concept of peer-to-peer networks and employing blockchain technology for transactions. This revolutionary idea birthed what we know today to be bitcoins.

How do you send and receive emails? Think about it for a second. You have an email address, right? You share this address with your friends and family. With this address, you can send and receive any important information. Now imagine a scenario whereby you are sending and receiving money via this address, the security will need to be improved, right?

Bitcoins are digital currencies which use encryptions (cryptography) to ensure the security of transactions. Unlike the money in your wallet which can be touched, needs to be spent in person, and is under government’s regulation, Bitcoin has distinct features.

Creation

Your dollars and pounds are minted in a central bank. The major flaw with this traditional system is the presence of counterfeits. With bitcoins, the mining process requires a miner to solve complex computational problems using a computer. Often, computers with high processing power are needed and this will incur additional electricity and cooling costs.

Another distinct feature of bitcoins is the self-limiting system of production. It is estimated that only 21 million bitcoins will be in circulation and mining will stop by 2040. Currently, we have only 11 million in circulation.

Storing Bitcoins

Bitcoin wallets are digital programs which allow you store your bitcoins, similar to a physical purse. You can either store this bitcoin offline or online. When your currency is stored on a hardware, it is called a cold storage. Hot storage, on the other hand, is the process by which you store your currency online.

Cold storage, according to experts, is advisable as your currency is protected from thieves and fraudsters. One disadvantage, though, is that once you lose this hardware, your money is gone forever. According to research, over $31 billion in bitcoins have been misplaced.

Trading Bitcoins

It is a currency, right? So the aim is to trade. A transaction involves the transfer of value between Bitcoin wallets. This exchange is recorded in a blockchain and a private key is required to authenticate transactions. The transactions are then broadcasted between the users and are confirmed by miners.

This system eliminates the need for a middleman since the contract is self-executing. Every transaction initiated as regards bitcoins is executed solely on trust. This also means you are saving tons of fees you would’ve paid to the bank for supervising the transaction.

Many exchanges are available and they all offer you the option of buying and selling bitcoins. You can sign up on these digital exchanges, input your personal details, and begin the journey to cryptopreneurship. You can also purchase bitcoins via ATMs. Bitcoins are traded from one wallet to another and this gives a level of anonymity during transactions.

Value of Bitcoins

Remember that we earlier said that bitcoins are not regulated by the government. There is no regulation as regards the value and this, sometimes, is a disconcerting fact. In 2017, bitcoin saw an astronomical rise from $742.01 to $18,700. In 2018, however, the price has wavered between $8,000 and $11,000.

Other Cryptocurrencies Available

Altcoin is the general name for ‘Alternative’ coins to bitcoin and there are several altcoins you might consider looking into.

Ethereum

Ethereum is another cryptocurrency with the second largest market capitalization. Its value also saw a downfall from $317 a coin to $0.1. However, this was not for long as it is now trading for $475.

Ethereum is also employed for executing smart contracts. Several organizations now make use of Ethereum as a means of executing transactions, completing transactions in a matter of seconds.

Ripple

Since it came to the scene in 2012, it has been able to carve a niche for itself as a payment processing platform and exchange currency. It even affords you the opportunity of converting from one cryptocurrency to another. It has a market capitalization of $220 million and is the third largest digital currency.

Litecoins

These coins have been in existence for a while now and have been touted as Bitcoin’s direct competition. New coins are mined via computation of complex algorithms and these problems get tougher with time. The total litecoins in circulation will be 84 million, and the market cap is estimated to be $175 million. One advantage this currency has over bitcoin is the transaction time; 2.5 minutes, unlike bitcoin’s 10.

Conclusion

Bitcoin has championed the emergence of cryptocurrencies. Several inherent features make this system of digital transaction safer and faster than conventional banking systems and it is only a matter of time before financial institutions experience a crypto-disruption.

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What is Bitcoin?

New Post has been published on http://bitcoinkinect.com/what-is-bitcoin/

What is Bitcoin?

What is Bitcoin?

This is a million dollar question. If we account for the current value as at the time of writing, it is a 90.9 BTC question. The crypto-fever has spread far and wide and now, 7 in 10 people worldwide have heard the word ‘bitcoin’.

However, not many people can answer the question “what is bitcoin?” This article will open your eyes to the amazing blockchain technology, how bitcoin works, and other similar currencies.

Bitcoin; The Pioneer Currency

In 2008, an anonymous computer programmer, with the pseudonym; Satoshi Nakamoto, came up with a whitepaper explaining the concept of peer-to-peer networks and employing blockchain technology for transactions. This revolutionary idea birthed what we know today to be bitcoins.

How do you send and receive emails? Think about it for a second. You have an email address, right? You share this address with your friends and family. With this address, you can send and receive any important information. Now imagine a scenario whereby you are sending and receiving money via this address, the security will need to be improved, right?

Bitcoins are digital currencies which use encryptions (cryptography) to ensure the security of transactions. Unlike the money in your wallet which can be touched, needs to be spent in person, and is under government’s regulation, Bitcoin has distinct features.

Creation

Your dollars and pounds are minted in a central bank. The major flaw with this traditional system is the presence of counterfeits. With bitcoins, the mining process requires a miner to solve complex computational problems using a computer. Often, computers with high processing power are needed and this will incur additional electricity and cooling costs.

Another distinct feature of bitcoins is the self-limiting system of production. It is estimated that only 21 million bitcoins will be in circulation and mining will stop by 2040. Currently, we have only 11 million in circulation.

Storing Bitcoins

Bitcoin wallets are digital programs which allow you store your bitcoins, similar to a physical purse. You can either store this bitcoin offline or online. When your currency is stored on a hardware, it is called a cold storage. Hot storage, on the other hand, is the process by which you store your currency online.

Cold storage, according to experts, is advisable as your currency is protected from thieves and fraudsters. One disadvantage, though, is that once you lose this hardware, your money is gone forever. According to research, over $31 billion in bitcoins have been misplaced.

Trading Bitcoins

It is a currency, right? So the aim is to trade. A transaction involves the transfer of value between Bitcoin wallets. This exchange is recorded in a blockchain and a private key is required to authenticate transactions. The transactions are then broadcasted between the users and are confirmed by miners.

This system eliminates the need for a middleman since the contract is self-executing. Every transaction initiated as regards bitcoins is executed solely on trust. This also means you are saving tons of fees you would’ve paid to the bank for supervising the transaction.

Many exchanges are available and they all offer you the option of buying and selling bitcoins. You can sign up on these digital exchanges, input your personal details, and begin the journey to cryptopreneurship. You can also purchase bitcoins via ATMs. Bitcoins are traded from one wallet to another and this gives a level of anonymity during transactions.

Value of Bitcoins

Remember that we earlier said that bitcoins are not regulated by the government. There is no regulation as regards the value and this, sometimes, is a disconcerting fact. In 2017, bitcoin saw an astronomical rise from $742.01 to $18,700. In 2018, however, the price has wavered between $8,000 and $11,000.

Other Cryptocurrencies Available

Altcoin is the general name for ‘Alternative’ coins to bitcoin and there are several altcoins you might consider looking into.

Ethereum

Ethereum is another cryptocurrency with the second largest market capitalization. Its value also saw a downfall from $317 a coin to $0.1. However, this was not for long as it is now trading for $475.

Ethereum is also employed for executing smart contracts. Several organizations now make use of Ethereum as a means of executing transactions, completing transactions in a matter of seconds.

Ripple

Since it came to the scene in 2012, it has been able to carve a niche for itself as a payment processing platform and exchange currency. It even affords you the opportunity of converting from one cryptocurrency to another. It has a market capitalization of $220 million and is the third largest digital currency.

Litecoins

These coins have been in existence for a while now and have been touted as Bitcoin’s direct competition. New coins are mined via computation of complex algorithms and these problems get tougher with time. The total litecoins in circulation will be 84 million, and the market cap is estimated to be $175 million. One advantage this currency has over bitcoin is the transaction time; 2.5 minutes, unlike bitcoin’s 10.

Conclusion

Bitcoin has championed the emergence of cryptocurrencies. Several inherent features make this system of digital transaction safer and faster than conventional banking systems and it is only a matter of time before financial institutions experience a crypto-disruption.

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Test Post from Bitcoin Kinect

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Mobile And Desktop Bitcoin Games

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Mobile And Desktop Bitcoin Games

Games to Play Online and Earn Bitcoins

There was a paradigm shift when the world got information that one of the highest earning YouTubers accrues millions of dollars yearly. He gets this insane amount by playing games. You read it right. Sitting in the comfort of his home, playing games all day, making money all day! That sounds like the ideal profession, right?

The thought of making money through doing something seemingly easy and fun like playing online games sounds unbelievable. However, people are making funny money, smiling to the bank, or their cryptocurrency wallets. To put things in perspective, there are over 1000 online games you can play and earn cryptocurrency in the process.

Even though there are other ways to earn money online from clicking ads to working online jobs, these other activities are boring. Why not earn bitcoins doing something super fun? The games available are both free and paid games; brain teasers, poker, arcade, etc. This article details these various games that you can play online and in turn earn bitcoins.

Brain Teasers

Brain Teasers are wonderful games as they not only entertain you but at the same time they stimulate your intellectual capacity. More so, you have the luxury of bragging to your friends about your score, and also the amount earned. Some of the games are explained below.

SatoshiQuiz

Remember Satoshi? The legendary bitcoin pioneer? Well, this game might not be created by him, but the functionality is very awe-inspiring. In this game, you are given 1 minute to answer a question. The trivia questions are of varying difficulty and within the 1-minute window, you can either make random guesses or check the internet for answers.

The game rewards you with 100 to 1000 Satoshis (depending on the difficulty) for every question answered correctly. The points earned can thereafter be converted to bitcoin.

Visit Satoshiquiz

Bitcoin Riddles

How good are you with riddles? You can put your skill to the test here. Note, the prize is only awarded to the first person who provides the correct answer to riddles posed in the YouTube video. When you sign up on the platform, you are given free 10 bits. As you give correct answers to riddles, you earn more bits. When you have accumulated up to 100 bits, you can withdraw your earnings.

Visit Bitcoin Riddles

Trading Games

Do you think you can be the next best investment banker on crypto street? Well, there are opportunities for you to get started. These games simulate financial trading and your brainpower will be put to the test.

Spark Profit

This is a financial trading simulation game where you make predictions on financial markets like forex. Any time you get a prediction right, you earn points, and you lose points when you fail a prediction; just like the stock market. The total earning (Points gained minus points lost) is calculated on a weekly basis.

If you are able to accrue 20,000 points, you earn retrievable points for that week. You are free to convert your points to Bitcoin anytime you desire. The cool thing about Spark Profit is that there are online aids and tutorials to assist you in performing better in the game. Apart from the Bitcoin you stand to gain, this game refines your financial acumen.

visit spark profit

Flash Games

These are easy to play games online. With any flash player installed, you can begin earning your bitcoins.

Tremor Games

Tremor games offer a wide range of flash games just like online arcade games. As you play the video games, you earn Tremor coins. Once you’ve accumulated a considerable amount of Tremor coins, you can then cash out and convert it to Bitcoin.

visit tremor games

Cash Clamber

This is a very dynamic flash gaming platform. You even have the freedom of creating games based on the platform’s framework. By playing games on Cash Clamber, you get Bitcoins which you can withdraw from your account whenever you wish.

play clash clamber

SaruTobi

If you love adventure and helping people, SaruTobi is for you. It involves helping Tobi swing in the air to collect Bitcoins and bananas. The longer you are able to last in the game, the higher the point you will acquire.

Ad revenue for each month is converted to Bitcoin and the bitcoin is used to pay users whenever they decide to cash out. You should note, however, that this game is available only on mobile devices.

Gambit

Gambit is a multiplayer game platform where gamers play against each other and even battle for some bitcoin price. It offers a wide range of games form Backgammon, Battle Ship and so on. You can try it with your friends, family, and even strangers.

play gambit

Casino Games

There are various online Bitcoin casinos that function like a conventional casino. The only difference is that payments are made in bitcoin. Some of them include Fortune Coin, Betcoin, mBit Casino, Playamo, Blistarz, Oshl, 1xBIt etc.

mBit Casino

mBit Casino is one of the leading online Bitcoin Casino platforms. They offer games ranging from blackjack to sports betting and so on. They offer over 7500 Bitcoin in jackpot, fast processing of cash out, 24-hour customer service and an incredible VIP program.

visit mBit casino

Faucet Games

Faucet Game is a gaming site that offers a wide range of chance games from the slot machine, a roll of chance, blackjack, etc. They claim that the games are designed for you to win majority of the times.

For every game you win, you get Satoshi points, you can also earn points by winning the weekend bonus, referrals and so on. No account is required to play the games but you need to create one if you want to withdraw your Bitcoin.

play faucet games

Satoshi Mines

Satoshi Mines is an online minesweeper game in which you get Satoshi for every safe square you uncover. Your Satoshi points can then be converted to bitcoin.

play satoshi mines

Free Bitcoin

Free Bitcoin is arguably one of the best games as they provide you the opportunity to win big. It offers winning up to 250,000 Satoshi in a single game and 1,000,000 on weekends (up to $200 in Bitcoin). Free Bitcoin is one game where you win every time you play. To register, you fill in your bitcoin address then you can start earning as long as you keep winning your games.

visit free bitcoin

Conclusion

The world has experienced a change in status quo. Activities which were once scorned and shamed are now heralded in the society. Online gamers and internet celebrities now rule the world. Even though you might not earn millions of dollars immediately, you are assured of earning bitcoins; the currency with immense value. Have fun! Earn on!

More Bitcoin Games:

betcoin

BetMoose

bitcoin pequin

bitcoin video casino

bitstarz

cryptogames

fortune jack

nitrosports

onehash

primedice

SafeDice

Bitcoin Keno

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Bitcoin Cloud Mining

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Bitcoin Cloud Mining

Bitcoin Cloud Mining

Have you ever thought of owning a bank? The idea of wielding so much power, creating stacks of paper and coins, basically running the business world? What if I told you that you have such power? In fact, you are currently sitting on (or holding) the power? Trust me on this one, you do.

Thanks to the internet, “impossible is nothing” is now a very credible claim. Cryptocurrencies; the utterly disrupting technology, are enjoying widespread fame and this is driving up demand. This, in turn, is increasing the need for more currencies in circulation. The process of producing this type of currency is known as mining and is unlike money minting processes.

What is Bitcoin Mining?

Traditionally, when you mine gold or other minerals, you are extracting these precious stones from the ground. In a similar fashion, bitcoin mining involves the process of getting value from bitcoin. Remember that bitcoin operations are recorded in a linear, time-stamped series called blocks. In order to create a chain of blocks of transactions, the miners provide solution to a computational problem, and solving this gives us the blockchain.

In 2008, when Satoshi released the Bitcoin framework, the plan was to mine the cryptocurrency on CPUs, however, the required processing power was far greater than what the conventional CPU can allow. Progressive coders then wrote mining software to allow them to hash power from graphic cards.

Now, we have Application Specific Integrated Circuits (ASICs). These are employed in data-centers with thermal regulation due to the heat generated, and places with access to low-cost electricity, because of the high power consumed.

What is Bitcoin Cloud Mining?

To put these things in perspective, the normal method of mining is expensive and capital intensive. The electricity costs are off the roof. Literally. In fact, this is the reason for the emergence of mining pools; a group of cooperating miners who agree to share block rewards.

A better way is to exploit bitcoins, however, is cloud mining. It takes a few minutes to begin, you also do not require the technical knowledge of GPUs, ASIC, etc. to get started. It also saves you cost the cost of electricity and cooling your house.

In cloud mining, a hosting company (some prominent ones are Genesis mining and Hashflare) owns and manages a bitcoin mining hardware and then they offer the public a chance to ‘rent’ the hardware. The revenue you generate from the venture depends on the amount of hash power you rent. Simple, right?

As the name implies, the mining is done on a cloud and this eliminates the need for hassles with heat, cooling of equipment, cost of electricity, hiring of skilled engineers, etc. there are three ways in which bitcoin is mined remotely.

Types of Cloud Mining

Hosted Mining

In this situation, you have the opportunity to lease a mining machine which is hosted by the provider. This way, you get to mine bitcoins without purchasing the actual equipment.

Virtual Hosted Mining

Here, you can create a general purpose Virtual Private Server (VPS) and on it, you will install your mining software. This method is rather technical as you require a certain level of software proficiency to pull this off.

Leased Hashing Power

Here, you have the privilege of leasing an amount of hashing power from a company, eliminating the need for a physical or virtual computer. This is a very easy and comfortable method and it is also the most popular method by which people mine bitcoin via the cloud.

Profitability of Bitcoin Cloud Mining

It is evident that no one goes into a business venture without the aim of making a profit. You need to know the amount available to be earned, so as not to run at a loss. However, some cloud mining companies have an open-ended contract. The implication of this is that the mining will run until it is no longer profitable (i.e. the payout does not cover the maintenance fee).

Ideally, the cloud mining company gives you a monthly running cost and then you need to calculate the equivalent cost per kilowatt using a mining calculator. Let’s say you have $880 to invest, you can buy a contract with a hash rate of 4TH/s (a fee of $2.2 per 10GH/s).

As at the time of writing, the exchange rate is $11,000 per BTC, so for your $880, you get 0.08BTC. This is just the upfront fee. A daily (normally $1.05) fee will be subtracted from your BTC mined based on the exchange rate. So, in all, you will invest $880 + $382 in a year.

All things being equal, you will earn 0.00040273 BTC in 1 day. In a year, this will amount to 0.14699 BTC. Still using the exchange rate of 1 BTC = $11,000, your $1262 investment will give $1616.96. Not bad, right?

Bitcoin Cloud Mining Scams

In the past, we have had websites springing up, offering you the opportunity to invest and mine bitcoins via the cloud and then disappearing without a trace in a few months, robbing people blind. This has caused a stir in the crypto community and a lot of websites are available to prove the veracity of these cloud mining companies.

One rule of thumb is to steer clear of any website that offers you a chance to mine coins for free. No legit company will do that. Some trusted companies are listed below.

Visit Genesis Mining

Genesis Mining

This is one of the pioneer bitcoin cloud mining companies. It is also arguably the biggest and this means that there is a huge demand for their services. You can buy hashrates for bitcoins and other currencies such as Ethereum and Monero. NOTE: If you choose to use this service, use this code: vfaWhM and recieve a discount.

Hashflare

At hashflare.io, you get one of the most competitive mining rates available. There are several hashing algorithms you can utilize and they include SHA 256, Scrypt, ET-HASH, X-11, and EquiHASH.

Visit Hashflare Visit Nicehash

NiceHash

As the name implies, it offers you the opportunity to employ advanced methods of cloud mining with a nice deal. Normally, you can trade hashing power without entering into a long-term agreement.

Conclusion

In conclusion, cloud bitcoin mining is a wonderful avenue to take advantage of the bitcoin craze now and earn a few bucks for yourself. In essence, the higher you invest, the more you recoup. However, you should be careful and avoid websites where you are duped of your money. Only deal with trusted companies with a record of truthfulness.

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Bitcoin Jobs

New Post has been published on http://bitcoinkinect.com/bitcoin-jobs/

Bitcoin Jobs

Websites That Pays Bitcoin for Tasks Completed

The world has become a global market. The advent of the internet has heralded a new dawn; a platform to transact swiftly and seamlessly. When it comes to business transactions, two features are required; trust and security. Thankfully, the application of blockchain technology in the financial industry has made this a possibility.

As an avid internet user, you must have heard the word; cryptocurrency or bitcoin mentioned once or twice. The value of one bitcoin is as high as $11,000 as at the time of writing, and it is one of the pioneer cryptocurrencies.

Are you aware that the time you spend aimlessly surfing the internet can be converted to good use? You can earn bitcoins completing tasks online! This article will reveal everything you need to know about the process.

The websites which allow you earn bitcoins have been grouped under three major headings.

Online Jobs to earn bitcoin

Are you a freelancer? Do you have any skills you can monetize? Here, you earn bitcoins by completing a job within a specified timeframe. The jobs may include writing, graphic design, programming etc. Some of the major websites that offer such services are listed below;

Coinality

Coinality is an online service which connects employers to freelancers. Are you familiar with Fiverr and Upwork? This is the crypto equivalent. When the freelancer completes this task, he or she gets paid in digital currencies like Bitcoin, Litecoin and Dogecoin.

On Coinality, prices are negotiable and the negotiation is carried out between the parties involved. The job can either be one-time or full-time depending on the agreement between the client and the seller.

As a freelancer, all you have to do is register on the platform and create a profile. In your profile, ensure you include your area of specialty and experience for employers to see. Also, people in need of services can place job orders on the platform for freelancers to see and bid for.

Visit Coinality

Cryptogrind

As the name implies, you have to hustle and grind for that cryptocurrency. Cryptogrind, like coinality, connects employers with freelancers. Here, an escrow address is provided so as to ensure that payment is initiated upon completion of the project. The platform is quite new as compared to other freelancing websites, hence, competition is minimal.

Some of the services rendered on cryptogrind include advertising, graphics design, programming, video and animation creation, writing, translation, etc. On crypotogrind, there is no base fee. This means that both the buyer and seller have to negotiate on the price for a particular job. Cryptogrind also receives a commission of 4% on all your earnings.

Visit Cryptogrind

Xbtfreelancer.com

If you are in need of cheap service, this is the perfect place to come to. There are lots of professionals on ground to provide the service you need. Also, there is a very tight security system effected by the escrow system.

Once a task is completed, the freelancer receives his pay instantly in his bitcoin wallet and can even exchange it for cash if desired. Xbtfreelancer also has a unique way of dealing with any complicated task; it gives freelancers the freedom of breaking down these jobs into milestones.

This way, part payment is made upon completion of each milestone. Also, the buyer gets updated with prompt feedback on the job. For all these amazing features and services, Xbtfreelancer receives a meagre token of 5% of your earnings.

Visit XBTFreelancer

Jobs4bitcoin

The name sounds very easy. You complete jobs and you earn bitcoins. However, it is not that simple. It is touted as the largest bitcoin job board some pundits claim this is true. Job4bitcoin is a sub-Reddit section which provides a platform for freelancers to offer their service and get paid in bitcoin.

To be a part of this program, you need to register on Reddit. It is important to note that the site doesn’t have any in-built escrow system and therefore care must be taken when offering services on the platform to prevent falling into the hands of fraudsters.

Visit Jobs4BItcoin

Clicking Ads for Bitcoin

Here, you make bitcoin by clicking ads. It is very easy to partake in as it requires just a little time and mental effort. Some of the top websites that offer such services are discussed below.

CoinAd

CoinAd is an advertising platform that helps advertisers push out their ads. They pride themselves on being the largest niche banner network in the world, accepting only high traffic websites.

One impressive feature is that CoinAd pays you in bitcoin for spending time on the internet, visiting websites and clicking ads. All you have to do is to create an account, visit the required websites and interact with it for the stipulated duration. When you complete this, you get paid in bitcoin; no stress!

visit coinad

BTC Clicks

BTC click is an online adverting platform which promotes ads targeted at bitcoin users. On this platform, you are guaranteed that your audience will view the ad for the intended duration (between 10 to 200 seconds).

To earn money from BTC clicks, all you have to do is register on the platform and start clicking. You earn about 0.00023 mBTC per click, 0.00018 mBTC per referral click. You can cash out when you accumulate bitcoin to a minimum pay of 0.10000 mBTC. You should note, however, that membership isn’t free, it costs about 0.252 mBTC monthly.

Visit btc clicks

CoinWorker

CoinWorker allows you earn bitcoin when you browse the internet. To make money from coinworker, you need to register and fill in your bitcoin address. You are then given some short tasks to complete. Once completed, you earn points.

The more tasks you complete, the more your points accumulate. When you have earned up to 200 points, your point is converted to bitcoin and is paid into your bitcoin wallet. This only takes a couple of minutes.

visit coinworker

Promoting Ad for bitcoin

Here, your signature brings you money. You become an active member of a forum and use your online presence to promote companies. These companies then compensate you for your time and effort.

BitcoinTalk forum

You can earn bitcoin on BitcoinTalk through what we call signature campaign. If you are an active member of the forum, you can hyperlink your signature with other companies’ website. In return, you receive payment from the company in form of bitcoins. The amount you earn is dependent on your membership level. When you spend more time on the forum, your rank begins to increase.

visit bitcointalk

Conclusion

Cryptocurrencies are undoubtedly here to stay. Since 2008 when bitcoin was first introduced to the world, there has been no stopping! With increasing opportunities to earn bitcoin, it won’t take long before cryptocurrency becomes the accepted mode of payment in countries. What are you waiting for? Get online, register on these websites and start earning bitcoins!

More Bitcoin Job Sites:

Coinbucks

bitcoin get

FreeDigitalMoney

BitcoinRewards

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Bitcoin Faucets

New Post has been published on http://bitcoinkinect.com/bitcoin-faucets/

Bitcoin Faucets

IS “BITCOIN FAUCET” A TOTAL WASTE OF TIME IN THE CRYPTOCURRENCY WORLD?

Bitcoin Faucets are reward systems that dispense small amounts of the famous cryptocurrency for performing certain actions. These rewards are assigned every certain interval of time. As its name indicates, this system has an operation similar to that of a normal tap.

From these faucets or taps, drops come out, but instead of being water, they are small fractions of the coin created by Satoshi Nakamoto. Just as the water that escapes from a tap takes a while to become a drop and start to drip, the users of these systems have to wait a certain time before receiving their reward.

This minimum time interval between the actions of each visitor is used in order to prevent a person from claiming all the available bitcoins (BTC) in the faucet portfolio. This duration varies depending on the faucet used and can range from 5 minutes to 24 hours.

How do Bitcoin Faucets work?

The operation of these bitcoin faucets is very simple. As a general rule, these are web pages that contain advertising. Advertisers pay the owner of the tap for displaying such advertising. Afterwards, a percentage of the generated profits are distributed among the users of the web.

Advertising revenues usually come from the CPM system (cost per thousand impressions), so the main mission of these faucets is to get a lot of traffic to generate the maximum possible profits.

Therefore, the greater the number of visitors who see the publicity of the web, the greater amounts of money can be distributed among the users of the same.

NOTE THAT the faucets play a very important role in the Bitcoin ecosystem since they encourage many people to adopt, understand and use this cryptocurrency.

Where to find free Bitcoin faucets?

Simply typing in Google the words “Bitcoin Faucets”, you will find dozens of sites where you can get your first portions of this cryptocurrency. You will be surprised with the huge number of pages of this style circulating on the network.

Some of the best bitcoin faucets include:

moonbit.co.in, bitcoinzebra.com, 777bitco.in, bitcoinker.com, safebitco.in, satoshi4u.com, 777satoshi.com, FreeBitco.in amongst others

How to use Bitcoin Faucets?

The steps to follow in this type of pages are very simple, and when you have taken the practice you can be doing several sites at once without any problem

Enter the address of the page where they provide this service. (Below I leave several).

Enter the email address of an associated online wallet (like Xapo for example) or directly an address of our Bitcoin wallet.

Complete the check captcha.

Click on the button to claim the prize (“Claim” or “Claim Now”). This last step in many pages is not necessary, and simply after completing the captcha, you will receive your prize automatically.

Remember that the rewards are assigned in “satoshis”, a small fraction of Bitcoin. The Satoshi is the equivalent of the cent with the euro or the pennies with the pound sterling.

Here you have a satoshi equivalence table with respect to Bitcoin:

QUANTITY BITCOINS 1 satoshi 0.00000001 10 satoshis 0.0000001 100 satoshis 0.000001 1,000 satoshis 0.00001 10,000 satoshis 0.0001 100,000 satoshis 0.001 100,000,000 satoshis 1

The reward from bitcoin faucet ranges from one to a few hundreds of Satoshi which worth little compared to the ‘tap’ of other altcoins but the increased price of bitcoin makes for the compensation. Some faucet allows minimum withdrawal of 20,000 Satoshi which couldn’t transfer due to the high miners’ fee on the blockchain, thus leaving you at the ground level again but such tiny cent here and there could be useful for the following:

save it as a reserve of value,

learn how to multiply it in trading platforms,

use it to invest in PTCs, HYIPs, investment pages, and so on.

Bitcoin Faucets are a simple and free system to get small portions of Bitcoin without much effort. On the other hand, we cannot expect to earn a lot of money, since the amounts obtained are usually extremely low.

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