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WHAT IS BITCOIN?
Bitcoin (BTC) is a worldwide currency that uses a public ledger system to record transactions being sent from one person to another. This all happens without a central bank in the middle and it's not controlled by any government, regulating body, individual company, or person.
All transactions are completely transparent and thousands of copies of the ledger are kept across a distributed network of computers with no single point of failure. In other words, Bitcoin is a true decentralized currency that nobody can control and this is why everyone is so excited about it.
Bitcoin works a lot like cash, you receive it instantly when it's sent and just like cash, once you have possession of it nobody can take it.
In current economic system you give banks and other entities permission to "pull" money out of your account. These institutions have full control over your account because they have all the details to charge you, they can also freeze your account, take money from your account or do whatever they want.
As a customer of these institutions you have to "hope" they are trustworthy and will hold your money. But with Bitcoin you don't have to rely on this trust because the only person who can access your account is you!
Bitcoin does not require any "trust" to work because it relies on mathematical equations and a very complex verification system that cannot be manipulated by anyone so it's always fair. This makes bitcoin a truly revolutionary peer-to-peer system that is designed to get even better as more people use it.
ACQUIRE BITCOINS TODAY TO EARN HUGE PROFITS IN NEXT FEW YEARS
BItcoin is one of the most valuable Assets in the present time. The price of one Bitcoin is upwards $600 today which means it has gone out of reach of the masses because of its increasing rarity. This has positioned Bitcoin as one of the most sought after and precious Asset from investment point of view. Some predictions by the industry expert say that the price of Bitcoins may surpass $2000 - $3000 in the next 3 years. So the BIG QUESTION for common people is - HOW TO ACQUIRE BITCOINS TODAY ?? The Answer is simple - Through BITCOIN MINING.
WHAT IS BITCOIN MINING?
Bitcoin and other digital currencies operate as peer-to-peer networks, which means everyone who uses the currency is actually a piece of the system. Mining is simply the term used for maintaining the block chain and verifying each transaction. Miners use special hardware to solve complex math problems and are issued a certain number of new Bitcoins in exchange. This provides a unique way to issue the currency and also creates an incentive for more miners to participate. As the popularity of Bitcoin increases more miners join the network, which makes it harder to solve these math problems. For this reason Mining is no longer feasible for an individual and it will continue to get even harder. This has led to the creation of Mining Pools, where many people combine their computing power and increase their odds to mine for Bitcoin.
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