{"id":850,"date":"2019-07-01T12:13:58","date_gmt":"2019-07-01T12:13:58","guid":{"rendered":"http:\/\/kevinbk.com\/\/?p=850"},"modified":"2019-07-01T12:13:59","modified_gmt":"2019-07-01T12:13:59","slug":"tudo-sobre-bitcoins-criptomoedas","status":"publish","type":"post","link":"https:\/\/kevinbk.com\/en\/all-about-bitcoins-cryptocurrencies\/","title":{"rendered":"Guide on Bitcoins – Can you make money from cryptocurrencies?"},"content":{"rendered":"

Today we are going to talk about a popular way to generate money on the internet involving the famous bitcoin cryptocurrencies. Is it really that easy earn money<\/a> with bitcoins? Everything you need to know about these coins will be in this article. <\/p>\n\n\n\n\n\n\n\n\n\n\n\n<\/pre>\n\n\n\n

Why is bitcoin so expensive?<\/strong><\/h2>\n\n\n\n

During its birth, bitcoin cost little and was even distributed for free to encourage people to use it. Over time, the black market and people who want to transact without being traced by the government began to use this currency, which dramatically increased supply and demand. <\/p>\n\n\n\n

Everything that is scarce and valuable is expensive. The big problem that this currency goes up and down, no matter how much experts analyze its growth, its future is uncertain, especially with the growing amount of cryptocurrencies emerging. <\/p>\n\n\n\n

\"Bitcoins<\/figure><\/div>\n\n\n\n

Its value and variation can also be explained by the fact that bitcoin is an autonomous currency, without the control of banks or governments. Bitcoin is just an object that people and investors are willing to pay dearly for. It's like the gold rush. <\/p>\n\n\n\n

Is using bitcoin illegal?<\/h2>\n\n\n\n

No, bitcoin is not banned or illegal. Anyone can accept it at your establishment as a form of payment without problems. The truth is that there is no regulation on cryptocurrencies, although the government tries to push rules on it, there is not much to do. <\/p>\n\n\n\n

Nowadays bitcoin is most of the time traceable, so it becomes increasingly impracticable to use bitcoin in trafficking or money laundering. It is still a very preferred currency, for its security, but nothing different from the dollar or another currency that the bandits use. <\/p>\n\n\n\n

\"Bitcoins<\/figure><\/div>\n\n\n\n

All transactions are stored on the blockchain. This data is public and anyone can access it. However, the user ID is kept confidential. You store bitcoins in a digital cryptocurrency wallet called a wallet. It can be safe or dangerous, hackers are constantly looking for ways to steal bitcoins, but there are many safe wallets. <\/p>\n\n\n\n

Who created Bitcoin and cryptocurrencies?<\/h2>\n\n\n\n

Bitcoin was one of the first cryptocurrencies created by the anonymous Satoshi. He made this currency available as an open source, which started the creation of numerous other currencies, each with its own proposal. <\/p>\n\n\n\n

The concept of cryptocurrency was first mentioned in 1998 by Wei Dai on a cybherpunks mailing list. The goal has always been to have money that is in the person's own control rather than the government. <\/p>\n\n\n\n

\"Bitcoins<\/figure><\/div>\n\n\n\n

I already wrote an article talking a little about Satoshi and the history of bitcoins on my other website Suki Desu Japanese culture. You can read the article about Satoshi clicking here<\/a><\/strong>. <\/p>\n\n\n\n

What is mining and how does it work?<\/h2>\n\n\n\n

In addition to the buyer and seller, transactions need to be decrypted. This task is called mining and can be performed by anyone who has a computer, usually robust. <\/p>\n\n\n\n

People who help to decrypt currencies earn a small percentage of the transaction. The decryption is done automatically, using all the power of thousands of machines until reaching the solution. <\/p>\n\n\n\n

\"Bitcoins<\/figure><\/div>\n\n\n\n

Some invest heavily in mining machines that have super robust hardware and that cost a fortune, but are able to generate a lot of income in the month just by mining, despite the high energy bill. <\/p>\n\n\n\n

Even video cards became more expensive after people discovered that it is possible to mine using the power of video cards. Sites have also used visitors' computers to mine, so beware of sites that consume a lot of your computer's processor and RAM. <\/p>\n\n\n\n

How to get bitcoins?<\/h2>\n\n\n\n

Since Bitcoin is currently very expensive, people transact with small bits of bitcoin called satoshi. These fractions are equivalent to cents, but the values \u200b\u200bare usually less than 0.01. <\/p>\n\n\n\n

You can get bitcoins in several different ways. We can list some of the ways below: <\/p>\n\n\n\n