Passive Bitcoin Mining Opportunity!

To understand Better the Bitcoin Mining Opportunity 

You First Must Know What is Bitcoin in Fact

and

  How the BCN System Works.

I’m Sure this will help

Bitcoin is the first and most widely spread of all digital currencies or crypto currencies; simply said – these are digital coins; and you can send them very easy on the internet. Compared with the usual and non digital currencies we have, the bitcoins have more advantages and are easier to use.

Just think about the fees you pay to banks and organizations to transfer you money – from your account to another – the crypto currencies make things easier – they are transferred directly from one person to another. This means lower fees and shorter time to obtain them.

Today you can buy anything with bitcoins; there are no different bitcoins for the different countries – it is just one, which makes things even easier. The unavailability of your account to be closed and the lack of any arbitrary or prerequisite limits make that currency one of the most loved and used, now.

Bitcoin is one of the crypto currencies and works very easy for the users – you can exchange Euro, Dollars and other currencies in bitcoins; they go directly in your account, which is called Bitcoin wallet. It can be accessed through your PC or mobile device by unique for you address. In fact sending Bitcoin is very easy and similar to send an email and of course you can buy everything – from technology to cars and bigger.
The entire Bitcoin network is highly secured and nobody can enter your wallet and take your money; these who secure it are called Bitcoin miners.

They are the people, who are paid to verify the Bitcoin transaction, which after being completed is recorded in transparent public account book.
In fact the Bitcoin opens a lot new and unexplored opportunities for everyone, they really give us access to the global market directly, with no mediators, which make our ideas possible.
The businesses also take advantage of it for minimizing fees, because it is completely open source and free to start; it is easy to get it and also make you valuable part of the entire bitcoin based economy.
The bitcoin mining is the way the transactions in the networks are secured and verified; in fact it is made by people, who are paid to solve all the math problems occurred. The miners are necessary, because bitcoin has to government and central; the miners take part of the transactions fees to verify them and solve any problem.

Since it is an open source job many people could enter and help the transactions of money; think like that – the more people, participating – the more secure transactions we will have.

The software used in the transactions is built to increase the difficulty of the math problems, depending on how fast they are solved, which means that they are constantly getting harder. In the beginning the only hardware used was the computer’s CPU; then later the specialist found out that the GPU is better in that, but it required more energy. After that were designed the first bitcoin miner chips, which in the beginning also required a lot of energy and but now are more sophisticated and power efficient.

During the development and the increased use of bitcoins the miners became more and more, which made the math problems more difficult for solving. Then has came the bitcoin mining Pool, which is the place where miners work together in order to solve the problems even faster. The bitcoin mining Pool finds the necessary solutions faster than the individual miner and each member gets his share of the work done. The bitcoin mining Pool and the individual miners help the entire bitcoin network to be safe and secure.

Now the bitcoin network gives you even bigger opportunities – you can participate in the entire process by the Passive Bitcoin Mining, which is whole new way of earning money in internet. In fact the mining process is highly complicated and expensive – you must have enough money to buy the necessary hardware and software and then to have an idea how to keep the entire process profitable. The Passive Bitcoin Mining is a new idea, which gives you the opportunity to gain money, while many other professionals work.

Usually the companies, which offer Passive Bitcoin Mining, are built form many highly educated and experienced professionals, who know how to work with the most used digital currencies.
In fact the most of the bitcoin miners usually start to have lower profit after few months, due to the increasing work and not enough hardware – the large bitcoin mining pool has the opportunity to expand and buy additional hardware on the lowest prices. This is another advantage of participating in. The passive bitcoin mining is the way to become part of the pool for low cost and to have the opportunity to share the earnings of the team in exchange of very low investment.

So you get one share of the mine and get paid between 50 and 70 percent of you profit and the rest are used to help you buy another share. In fact you don’t need to buy the entire mine – just one or two shares are enough for making passive income. Getting started is easy – the companies require lifetime membership, which usually cheap – around hundred $ and then they give you many ways to persuade the goal – entering the big game and getting some money of it. Despite the investment necessary for one share, which is  $1000 for 1000 days, the Passive Bitcoin Mining is the way.

The Passive Bitcoin Mining companies offer you a unique opportunity to be part of the newest and fast developing financial industry and to create good and regularly growing income of that.
Starting is very easy – just make your bitcoin walled using the crypto currency methods, get the lifetime membership and choose a the bitcoin mining pool you want –

Yes, that Simple!

Bitcoin is the New Digital Currency

Bitcoin is a software-based online payment system described by Satoshi Nakamoto[note 1] in 2008[4] and introduced as open-source software in 2009.[5] Payments are recorded in a public ledger using its own unit of account,[6] which is also called bitcoin.[note 2] Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency.[10] Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee] using wallet software on a personal computer, mobile device, or a web application.

Bitcoin as a form of payment for products and services has seen growth,] and merchants have an incentive to accept the digital currency because fees are lower than the 2–3% typically imposed by credit card processors.] The European Banking Authority has warned that bitcoin lacks consumer protections.] Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and charge backs are impossible.  As of July 2013 the commercial use of bitcoin was small compared to its use by speculators, which has contributed to price volatility.

Bitcoin has been a subject of scrutiny amid concerns that it can be used for illegal activities.  In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered bitcoin-friendly compared to other governments.  In China, buying bitcoins with yuan is subject to restrictions, and bitcoin exchanges are not allowed to hold bank accounts.

Overview

The most important part of the bitcoin system is a public ledger that records financial transactions in bitcoins. This is accomplished without the intermediation of any single, central authority, as long as mining is decentralized. Instead, multiple intermediaries exist in the form of computer servers running bitcoin software. By connecting over the Internet, these servers form a network that anyone can join. Transactions of the form payer X wants to send Y bitcoins to payee Z are broadcast to this network using readily available software applications. Bitcoin servers can validate these transactions, add them to their copy of the ledger, and then broadcast these ledger additions to other servers.

The block chainBitcoin-btcbible

Bitcoin transactions are permanently recorded in a public distributed ledger called the block chain. Approximately six times per hour, a group of accepted transactions, a block, is added to the block chain, which is quickly published to all network nodes. This allows bitcoin software to determine when a particular bitcoin amount has been spent, a novel solution for preventing double-spends in a peer-to-peer environment with no central authority. Whereas a conventional ledger records the transfers of actual bills or promissory notes that exist apart from it, the block chain is the only place that bitcoins can be said to exist. To independently verify the chain-of-ownership of any and every bitcoin amount, full-featured bitcoin software stores its own copy of the block chain.

Mining bit225

Maintaining the block chain is called mining, and those who do are rewarded with newly created bitcoins and transaction fees. Miners may be located anywhere in the world; they process payments by verifying each transaction as valid and adding it to the block chain.  As of 2014, payment processing is rewarded with 25 newly created bitcoins per block added to the block chain. To claim the reward, a special transaction called a coinbase is included with the processed payments.  All bitcoins in circulation can be traced back to such coinbase transactions. The bitcoin protocol specifies that the reward for adding a block will be halved approximately every four years. Eventually, the reward will be removed entirely when an arbitrary limit of 21 million bitcoins is reached. 2140, and transaction processing will then be rewarded by transaction fees solely. Paying a transaction fee is optional, but may speed up confirmation of the transaction. Payers have an incentive to include such fees because doing so means their transaction will likely be added to the block chain sooner; miners can choose which transactions to process and prefer to include those that pay fees.

 

As of 2013 mining had become quite competitive, has been compared to an arms race and ever more specialized technology is utilized. The most efficient mining hardware makes use of custom designed application-specific integrated circuits, which outperform general purpose CPUs and use less power as well. Without access to these purpose built machines, a bitcoin miner is unlikely to earn enough to even cover the cost of the electricity used in his or her efforts.

 

 

Core Innovations of Bitcoin and Digital Currencies

Jeremy Allaire(Founder, CEO, and Chairman of Circle Internet Financial) provides an overview of the problems with legacy payment systems, the core innovations of bitcoin and digital currencies, and current and emerging applications of the bitcoin protocol. 

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 manicures.

 3 reasons Wall Street can’t stay away from bitcoin

It’s not surprising Apple is rethinking its policy to allow its apps to accept virtual currency payments. Retailers, including Lord & Taylor, Overstock and TigerDirect, are syncing operations to make it easier for consumers with digital wallets to transact business with the cryptocurrency. The trend has venture capitalists bullish on bitcoin. Already, San Francisco Bay-area bitcoin start-ups have received more than $200 million in VC funding, and the number continues to grow.

Why is this happening? There are three aspects to bitcoin that have investors particularly excited today, and it all begins very simply with speculation of the cryptocurrency’s value.
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Mining pools, such as the heavily funded super-secret 21E6 in San Francisco, are apparently going long on bitcoin by mining as many bitcoins as they can, making the bet that its value will exceed mining costs. 21E6 has raised at least $5 million in venture funding.

Bitcoin payments

The second aspect of bitcoin that is exciting the venture capital community is the idea of consumers using the currency as a means of payment. Well-funded start-ups, such as BitPay, Coinbase and SnapCard, are trying to make bitcoin payments and purchases easy for the masses—both online and at brick-and-mortars.

Digital currency payment start-ups is where a lot of VC dollars are being funneled. BitPay recently closed a large round of funding led by Index Ventures. Coinbase may very well be the top-funded bitcoin start-up, with more than $30 million in venture funding to date.

SnapCard is a product of Boost, a San Mateo, California-based incubator of start-ups run by Adam Draper, son of well-known VC Tim Draper. The bitcoin payment company made waves earlier this year by announcing that consumers using SnapCard could pay taxes with bitcoin.

BitPay has more than 30,000 enabled merchants in its network, with about 10 percent of those actively executing a bitcoin-based purchase in any given month. According to the start-up’s co-founder, Stephen Pair, there is a direct correlation between price rises in bitcoin and the transaction volume among merchants that accept it.

As the digital currency’s price remains relatively volatile, that may not bode well for the short-term prospects of their merchants in increasing the volume of consumer bitcoin transactions. BitPay also believes that, ultimately, business-to-business transactions via the currency will be a much larger market for them versus consumer transactions. Given the large cost of international wires and currency exchange, they may be right.

All this speculation in this new form of currency has led to the problem of how consumers manage their bitcoin holdings. I spoke with one investor, who told me he has dozens of bitcoin private keys (secret protective pass codes) and isn’t certain where they all are. That’s the digital equivalent of saying that you’re not sure where your money is kept. Start-ups like Xapo, Armory and, of course, Coinbase are hoping to address this problem by offering digital wallets to help consumers securely store their virtual currency savings.

 

How Bitcoin brought privacy to electronic transactions

There’s not at all like a dollar note for paying a stripper. Unnamed, yet profoundly individual wherever you utilize it, that dollar will fit the event. Purveyors of Internet muck, after years of concealing charges on Mastercards, or simply doling it out for nothing, as of late discovered their own particular form of the dollar another computerized coin calledbitcoin.

Bitcoin Openergraphic link to future of money landing page

You’ll know it when you see it (strippers who acknowledge tips in bitcoins promote their record addresses right on their bodies). Also more imperative, in the event that you pay with it, nobody needs to know. Bitcoin equalizations can stream between records without a bank, Mastercard organization, or another focal power knowing who is paying whom. Rather, Bitcoin depends on a distributed system, and it couldn’t care less who you are or what you’re purchasing.

Over the long haul, a framework like this, which restores security to electronic installments, could accomplish more than simply set the sneak back into the look. In the event that enough individuals join in, Bitcoin or an alternate framework like it will give political dissenters another approach to gather gifts and lawbreakers another approach to launder their cash while creating migraines for conventional money related guards.

realistic connection to fate of cash point of arrival

You may have caught wind of Bitcoin a year ago, when the advanced money was quickly a significant media story and examiners raced to take advantage of climbing estimation of bitcoins. Then again maybe you caught wind of programmers assaulting the coffers of the biggest online bitcoin trades, which harmonized with the cost of bitcoins plunging. Since January Bitcoin has balanced out. It’s been holding a conversion standard of about US $5.

The fantasy of an unacknowledged, autonomous advanced money one where protection is kept up for purchasers and venders long originates before Bitcoin. Notwithstanding tribute in magazine articles fromforbes, Wired, and The Atlantic, the fantasy is a long way from dead.

The quest for an autonomous advanced money truly began in 1992, when Timothy May, a resigned Intel physicist, welcomed a gathering of companions over to his home outside Santa Cruz, Calif., to examine security and the early Internet. In the earlier decade, cryptographic apparatuses, in the same way as Whitfield Diffie’s open key encryption and Phil Zimmermann’s Pretty Good Privacy, had demonstrated valuable for controlling who could get to computerized messages. Dreading a sudden movement in force and data control, governments as far and wide as possible had started undermining to confine access to such cryptographic conventions.

May and his visitors anticipated everything those administrations dreaded. “Pretty much as the innovation of printing modified and lessened the force of medieval organizations and the social force structure, so excessively will cryptologic techniques in a general sense change the way of enterprises and of government obstruction in financial transactions,” he said. Before the end of the gathering, the gathering had provided for themselves a name—”cypherpunks”—and the superhero-like errand of safeguarding protection over the computerized world. In simply a week, prime supporter Eric Hughes composed a program that could get encoded messages, scour away all recognizing stamps, and send them vacate to a rundown of supporters. When you joined, you got a message from Hughes:

Cypherpunks expect security is a decent thing and wish there were a greater amount of it. Cypherpunks recognize that the individuals who need security must make it for themselves and not expect governments, organizations, or other expansive, faceless associations to give them protection out of beneficence.

Hughes and May were profoundly mindful that money related conduct conveys to the extent that you as words can—if not more. However outside of money transactions or deal, there’s no such thing as a private transaction. We depend on banks, Mastercard organizations, and different go-betweens to keep our money related framework running. Will those enterprises spare and even impart a dossier of your using propensities? Actually utilizing money obliges assume that the bill will keep up its value. Will governments print an excess of money or excessively little? Numerous cypherpunks would say that the best way to answer these inquiries is to fabricate a completely new framework.

Steadily, their question developed into a revolutionary theory. Most just needed to have the capacity to purchase things without somebody looking over their shoulders. Be that as it may others on the mailing rundown envisioned freeing cash from administrative control and afterward utilizing it to lash over at their apparent oppressors.

Jim Bell, an onetime Intel engineer, took these fancies more remote than anybody, acquainting the world with a detestable thought examination called a death market. Residents required a successful approach to rebuff legislators who acted against the wishes of their constituents, he contemplated, and what preferred discipline over homicide? With an unacknowledged advanced coin, contended Bell, you could pool gifts from disappointed natives into what adds up to bounties. On the off chance that a government official made enough individuals irate, it would just be a matter of time before the cost pushed him out of office or expense him his life. Chime’s paper, “Death Politics,” in the long run pulled in the consideration of government executors. His winding through the U.s. court systemstarted with an IRS attack in 1997 and finished this March with his discharge from jail.

While cypherpunks like Bell were conjuring up potential uses for computerized monetary standards, others were more centered around meeting expectations out the specialized issues. Wei Dai had quite recently moved on from the University of Washington with a degree in software engineering when he made b-cash in 1998. “My inspiration for b-cash was to empower online economies that are absolutely willful,” says Dai, “ones that couldn’t be exhausted or directed through the risk of power.” But b-cash was a simply individual extend, more theoretical than useful.

Around the same time, Nick Szabo, a machine researcher who now writes about law and the historical backdrop of cash, was one of the first to envision another computerized coin starting from the earliest