BITCOIN Mining What is it? And KHs, MHs, GHs, THs Hashes? How and Where we Can Get BTC for FREE? !!

by Carlos Silva Entertainment - radio broadcasting
HI. If you want Answers, please read this:

Bitcoin is a new peer-to-peer currency that has been created by pseudonymous developer, Satoshi Nakamoto. This is a bit difficult concept to understand as it requires understanding the basics of how the currency is created, how it works and how a user can spend it.

Lifehaker gives a simple and clear explanation of a Bitcoin. A Bitcoin is basically a form of digital currency that can be used as real current to purchase, sell and trade goods, services, etc. It works quite similar to a real currency. E-commerce companies have started accepting payments in Bitcoins as a form of currency. Bitcoins were created to have a form of currency that is safe to transfer but does not go through any institutions. No government based institutions will be able to issue these currencies or limit these currencies. However, there is a limit on the currency, once Bitcoin currency reaches 21 million, there will be no newer coins into circulation. So, only 21 million bitcoins will be in circulation online.

How to obtain bitcoins? Well, this is the tricky part. Now, bitcoins can be purchased for real money depending on the rate of conversion. This rate fluctuates constantly and can range anywhere from US$ 5 to US$ 75. A person can even make money but just buying and selling bitcoins for real money. However, the real way that bitcoins started is by doing complex mathematical calculations. This process is known as bitcoin mining. A person that wants to start with bitcoins must sign up for an online service like My Wallet (UK) or Coinbase (US). They must then link their bank accounts to this service. Following this they can them purchase bitcoins from a seller. Bitcoins only require an email address and they assign the user a Bitcoin address that you can give to people to give you money. The address work as an individual identity of the user, a person can also apply for multiple Bitcoin addresses.

Bitcoin Mining works by users using their computers to solve mathematical calculations; if the user’s computer is able to solve the calculation the user is awarded bitcoins. However, this requires having super computers that are fast and are able to compute high levels of mathematics. There are also many different software available for Bitcoin Mining that a person can download on their computer to run it. Users can also join a mining group, where multiple people join to solve computing problems and the payout is divided among the people of the group.

Now, where does the KH/s, MH/s and GH/s come into this? Well, this is the rate at which data is mined from the system. It is the raw speed performance of how fast the computer is working to solve a problem. It is measured in hashes.
These terms are stated as hashes per second:

1 KH/s is equivalent to 1,000 hashes per second.

1 MH/s is 1,000,000 hashes per second.

1 GH/s is 1,000,000,000 hashes per second.

1 TH/s is 1,000,000,000,000 hashes per second.


So, now that you understand the basic about this Digital Money, Bitcoin, you need to know that each Bitcoin's value it's between 2400 and 2700 Dollars !!

To Get Started in this kind of Bitcoin businesses for FREE, please follow these simple steps:

FREE BTC BITCOIN WALLET «also LTC Litecoin» cryptocurrencies (to receive your Bitcoin Profits with): 

1 - If you don't have a BTC Bitcoin Wallet/account, a Free one, you must create your own Bitcoin Wallet Adress to Start Making Money.
So, you can create one, for FREE on COINBASE (read my article and Join Free) CLICK HERE: (Invite a friend or contact who buys $100 USD (€94) of bitcoin or more, and you'll both earn $10 USD (€9) of Free Bitcoin!you can withdraw your account balance directly to your Bank account!

2 - or CRYPTONATORCLICK HERE! you can Withdraw your account balance directly to your Bank account!


Now that you've created your wallet to Get Bitcoins for FREE, you really need to Earn, also for FREE, these "BTC" or Bitcoins. So, click on the link bellow with the Best Bitcoin Websites:

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About Carlos Silva Magnate I     Entertainment - radio broadcasting

1,117 connections, 45 recommendations, 7,025 honor points.
Joined APSense since, August 23rd, 2010, From Lisbon, Portugal.

Created on Aug 29th 2017 07:25. Viewed 827 times.


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