Kamis, 28 Januari 2016

Earn 1000 Satoshi

Earn 1000 satoshi every 800 minutes

Kamis, 21 Januari 2016

What is a Litecoin?

What is a Litecoin?
Litecoin is a peer-to-peer virtual currency that enables instant on the internet. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.

As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.

Litecoin vs Bitcoin 

Just like bitcoin, litecoin is a crytocurrency that is generated by mining. Litecoin was created in October 2011 by former Google engineer Charles Lee. The motivation behind its creation was to improve upon bitcoin. The key difference for end-users being the 2.5 minute time to generate a block, as opposed to bitcoin's 10 minutes. Charles Lee now works for Coinbase, one of the most popular online bitcoin wallets.
For miners and enthusiasts though, litecoin holds a much more important difference to bitcoin, and that is its different proof of work algorithm. Bitcoin uses the SHA-256 hashing algorithm, which involves calculations that can be greatly accelerated in parallel processing. It is this characteristic that has given rise to the intense race in ASIC technology, and has caused an exponential increase in bitcoin's difficulty level.

Litecoin, however, uses the scrypt algorithm – originally named as s-crypt, but pronounced as 'script'. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin. Scrypt favours large amounts of high-speed RAM, rather than raw processing power alone. As a result, scrypt is known as a 'memory hard problem'.

The consequences of using scrypt mean that there has not been as much of an 'arms race' in litecoin (and other scrypt currencies), because there is (so far) no ASIC technology available for this algorithm. However, this is soon to change, thanks to companies like Alpha Technologies, which is now taking preorders.

To highlight the difference in hashing power, at the time of writing, the total hashing rate of the bitcoin network is over 20,000 Terra Hashes per second, while litecoin is just 95,642 Mega Hashes per second.

For the time being, 'state of the art' litecoin mining rigs come in the form of custom PCs fitted with multiple graphics cards (ie: GPUs). These devices can handle the calculations needed for scrypt and have access to blisteringly fast memory built into their own circuit boards.

Selasa, 19 Januari 2016

Satoshi Value and Price

What is Satoshi?
A satoshi is currently the smallest fraction of a Bitcoin. The unit has been named "satoshi" in collective homage to the founder Bitcoin, Satoshi Nakamoto. Satoshi are to Bitcoin like Pennies are to Dollars - just smaller.

Predefined Values:
1 Satoshi = 0.00000001 ฿
10 Satoshi = 0.0000001 ฿
100 Satoshi = 0.000001 ฿
1,000 Satoshi = 0.00001 ฿
10,000 Satoshi = 0.0001 ฿
100,000 Satoshi = 0.001 ฿
10,0000,000 Satoshi = 1 ฿

How to Convert Satoshi to Bitcoin
The maddening thing that has everyone confuse and not completely buying into this new cryptocurrency is the conversion system. There is no easy way of explaining the conversion system and if you are not very crafty with your math skills, it may be difficult to complete the conversion; especially converting Satoshi to bitcoin. To get the best understanding of converting Satoshi to Bitcoin, it may be easier to use an online converter system. For instance, 0.00018 BTC (bitcoins) =0.18mBTC (millibits) =180uBTC (microbits) =18000 Satoshi. The other factor is that the daily price of Bitcoins can vary. Using the numbers above, the value in U.S. dollars would 0.06. That is six cents in U.S. currency. 

So converting Satoshi to Bitcoin really comes down to knowing how many places to move the decimal point when converting from one unit to another unit. If that is not good for you then there are always converter calculators online that you can enter a specific unit in such as Satoshi and easily have the system automatically convert that unit into Bitcoin for example. In the future there probally will be other units that are derived, but for now Satoshi is the smallest fraction of the Bitcoin that can be currently sent. Check out our bitcoin converter calculator to see how much a single bitcoin is going for in dollar today!


Minggu, 17 Januari 2016

The Latest Bitcoin News

Bitcoin is the newest money. You’ve heard the stories of the average Joe whose initial small Bitcoin investment turned into millions nearly overnight. Unsurprisingly, you want to get in on the action. Fortunately for you, it isn’t too late! Bitcoin is a very young currency and it’s growing every day. Many bitcoin enthusiasts believe that people who invest even today are ‘early adopters’: people who are taking the leap to try out Bitcoin and may get large returns on their investment in the future.

To follow the actual information about Bitcoin, read the following news every times. Good luck.

Sabtu, 16 Januari 2016

Bitcoin Mining

Bitcoin Mining
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function.

The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a "subsidy" of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.

Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground. 


Bitcoin Chart

Bitcoin Chart
Bitcoin Chart is the chart or graph shows the market share of the most popular bitcoin mining pools. It should only be used as a rough estimate and for various reasons will not be 100% accurate. A large portion of unknown blocks does not mean an attack on the network, it simply means we have been unable to determine the origin.

To check the real time Bitcoin Chart, you may visit this site click here.

Jumat, 15 Januari 2016

Bitcoin Calculator & Price


Bitcoin Mining Calculator
A Bitcoin calculator is used to track and calculate the price of Bitcoin. This calculator can accurately estimate the Bitcoin profitability at the present time. This calculator allows you to calculate profit from mining BTC, LTC and other cryptonote coins.

To show a Bitcoin value at the present time you can see at the widget below.





Selasa, 12 Januari 2016

How do I get started?

How do I get started Bitcoin ?
Now we offer you the information about Bitcoins for free to familiarize yourself with this unusual currency. The Bitcoin system is like a bank where everyone has balance. So, you will need a Bitcoin address (wallet), which is like a bank account. You can share your address (wallet) to everyone, so they can send Bitcoins to your address (wallet).


First Step
Create a wallet. Go to blockchain.info and create an online wallet or download a desktop client. If you use the later, remember to keep the Wallet safe (backup it and encrypt it).

Second Step
Get Bitcoins. There several ways get Bitcoins free like go to the faucet list and visit each sites then fill the form. You can do this once an hour or more and the faucet sites will transfer the Bitcoins to your address (wallet) about one day. You must consistent visiting the sites every day to gain. 

Third Step
Use the Bitcoins. You can spend the Bitcoins you get in many ways, buying items or goods, selling or trading them and you will get the real money.

What is a Satoshi?

Get Free 100k Sathosi

Satoshi is the smallest unit of a Bitcoin. Sathosi can currently be sent: 0.00000001 BTC or 100.000.000 satoshi per 1 Bitcoin.  This unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto. 

Satoshi Nakamoto is the name used by the person or group of people who created the bitcoin protocol and its reference implementation, Bitcoin Core. In 2008, Nakamoto published a paper on The Cryptography Mailing list at metzdowd.com describing the bitcoin digital currency. In 2009, Nakamoto released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.

What is a Bitcoin?

What is a Bitcoin?
Bitcoin is the first implementation of a concept known as "cryptocurrency", which was first described in 1998 by Wei Dai listed Try Us "cypherpunks" where he proposed the idea of a new type of money that used the cryptography to control his creation and transactions, rather than it did a centralized authority. 

Bitcoin is a virtual payment system introduced by developer Satoshi Nakamoto in 2009. Bitcoin is the first decentralized electronic currency not controlled by a single organization or government.

Bitcoin is an open-source digital currency based on a peer-to-peer system, means that users can transact directly without needing an intermediary. Now Bitcoin used by more than 100,000 people all over the world. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into a public ledger. This activity is called mining and the miners are rewarded with transaction fees and newly created bitcoins. Besides being obtained by mining, bitcoins can be obtained in exchange for different currencies, products, and services. Users can send and receive bitcoins for an optional transaction fee.

Bitcoin as a form of payment for products and services has grown, and merchants have an incentive to accept it because fees are lower than the 2–3% typically imposed by credit card processors. Unlike credit cards, any fees are paid by the purchaser, not the vendor. The European Banking Authority and other sources have warned that bitcoin users are not protected by refund rights or chargebacks. Despite a big increase in the number of merchants accepting bitcoin, the cryptocurrency does not have much momentum in retail transactions.

The use of bitcoin by criminals has attracted the attention of financial regulators, legislative bodies, law enforcement, and media. Criminal activities are primarily centered around black markets and theft, though officials in countries such as the United States also recognize that bitcoin can provide legitimate financial services. 

What is a cryptocurrency?


 cryptocurrency
A cryptocurrency is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.

Cryptocurrencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's block chain transaction database in the role of a distributed ledger.

There were more than 669 cryptocurrencies available for trade in online markets but only 10 of them had market capitalizations such as Bitcoin, Litecoin, DogeCoin, Peercoin, Ripple, NXT, MasterCoin, Namecoin, Quark, ProtoShares, ect.

Cryptocurrency is a virtual Currency
A virtual currency or virtual money has been defined in 2012 by the European Central Bank as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community." The Financial Crimes Enforcement Network(FinCEN), a bureau of the US Treasury, defined virtual currency in its guidance published in 2013. In 2014, the European Banking Authority defined virtual currency as "a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically".

virtual currency

In 2012, the European Central Bank defined virtual currency as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community".

In 2013, Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury, in contrast to its regulations defining currency as "the coin and paper money of the United States or of any other country that (a) is designated as legal tender and that (b) circulates and (c) is customarily used and accepted as a medium of exchange in the country of issuance", also called "real currency" by FinCEN, defined virtual currency as "a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency". In particular, virtual currency does not have legal tender status in any jurisdiction.

In 2014, the European Banking Authority defined virtual currency as "a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically".