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In case you haven’t heard about Bitcoins yet, time to wake up – you aren’t dreaming. In a very short period of time, Bitcoin has garnered a market value in the billions and is gaining in popularity in every corner of the world. People ask why should this currency deserve attention? How is it different from any paper-based currency we use today? And the question on everyone’s mind is, “Is this just a passing fad?

There are a few myths and fallacies that we address here in an effort to provide you with a little more insight into Bitcoin and digital currencies, why they exist and where they are going.

Initial, question is, precisely what is Bitcoin? It is a peer to peer string of values that can be kept and it is designed primarily for trading in exchange for services and goods. More specifically, it is a hash code based on the strongest encryption we have to date where the record is kept transparently, firmly and anonymously with redundancy throughout the Internet. The block chain is the source of bitcoin and the store of transactions that occur in the Bitcoin world.

This constant string of values is processed or mixed to match independent transactions and when new Bitcoin are found, they are awarded to the miner that processed the matching transactions. There are many pools (public and individual) that group together efforts to mine for Bitcoin and several of the larger pools make up the majority of hashing currently devouring the network in search of string values to match.

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So, you don’t know everything about mining, you happen to be not technical, you realize nothing about blockchain’s’ or hashing’ otherwise you do not have an idea the place to start to gather Bitcoin. Perhaps you do understand the concept and how Bitcoin works but still need assistance with developing a plan to earn Bitcoin. There are multiple resources where you can find information on how to start earning Bitcoin. One of the best that I found why bitcoins is found here.

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