Hello to you,
This is my first article here, so I hope it confirms, I’m going to share some points bitcoin և: blockchain.
For those of you who do not know what Bitcoin: let me say this Bitcoin: It is a currency that cannot be controlled by any bank or government, it is mainly a virtual currency, it can be bought online for real money. So, apart from being a decentralized currency, what are some of its benefits? bitcoin Anywhere in the world, at no cost, you can be 100% anonymous in transactions, thanks to a technology called: blockchainSo what’s the use of it, you might ask, well, let me tell you, when it was first launched, it’s absolutely worthless, but now 1 bitcoin = $ 6689.35, that’s a pretty impressive increase, is not it:
So how does this grow, you might ask, well let me tell you how to keep the blockchain, there has to be something called a log where all the transactions have to be listed, համար hashing has to be solved to become a blockchain blockchain function: and bitcoin production through hash solutions is called bitcoin mining.
People used to use graphics cards to solve the hashing function, but over time, bitcoin mining became more difficult, and special equipment called ASIC mines was introduced.
Thus, people who spend their time and money on bitcoin mining will be rewarded with bitcoins, as more and more people become part of this blockchain, its value will increase.
so how can i make money back? bitcoin There are two ways
1. you can trade bitcoin / altcoin (any cryptocurrency other than bitcoin is called altcoin, yes there are thousands)
2. You can extract them yourself
Both of these methods have their advantages and disadvantages, as bitcoin is not controlled by anyone, it is extremely unreliable, one day it can cost $ 10,000, and the next day it can go down to $ 100. Trading, in essence, means buying bitcoin for real money, praying for its price to rise, and selling it when it rises. This approach is very risky և you can lose money instead of making a profit.
Or you can choose bitcoin mining, but here’s what to consider. Mining equipment is very expensive, mining requires a lot of electricity, as the difficulty of mining is increasing day by day, so you will not be able to make a certain profit without a high start. investment.
It is said that bitcoin trading and mining are two good ways to make money if you know what you are doing.