By now you've probably heard that bitcoins are created by "mining" and this involves running some software on a computer. Free money! But is it really as easy as that? Answer: yes and no. To explain: When the Bitcoin network first appeared in 2009, individual users simply ran a mining program on their desktops and laptops, and mined bitcoins. Thousands of them -- which … [Read more...] about Can I Make Money Mining Bitcoins?
If you're looking for an easy way to store and spend your money -- or if you're a bitcoin beginner who wants the simplest option -- a mobile bitcoin wallet on your smartphone is the way to go. Mobile bitcoin wallets have come a long way in the past few years. What were once bare-bones and often clunky apps now look more like the instant messaging services you use every day. … [Read more...] about Which Mobile Bitcoin Wallet Should I Choose?
With the added freedom of using bitcoin comes the extra responsibility of keeping your money secure by yourself. There are no government or corporate guarantees and (in most cases) no insurance. Fortunately, bitcoin software security has improved a lot in the past eight years and gets better every day. However there are still precautions you should take yourself. Software … [Read more...] about How Do I Keep My Bitcoins Safe and Secure?
The identity of Bitcoin's creator remains the technology’s biggest mystery. Bitcoin's original white paper and software were released by someone calling themselves "Satoshi Nakamoto" in 2008-9. Satoshi stayed with the project until 2010, when "he" abruptly handed the project to developer Gavin Andresen and claimed have moved on to other projects. There are many theories, … [Read more...] about Who Is Satoshi Nakamoto? Did He Invent Bitcoin?
Why use bitcoin when we already have credit cards, debit cards and even electronic cash? Well, bitcoin is far better than those. There are a number of key differences in the way they function, including: No accounts -- you do not have to have a bank or credit card account to use bitcoin. This means you don't have to be over 18, or live in a developed economy, have a regular … [Read more...] about How Is Bitcoin Better Than Debit or Credit Cards?