It's a type of digital currency, a cryptocurrency and a payment system in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. It was invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced back in October 31, 2008 to a cryptography mailing list, and released as open-source software in 2009.
No one controls Bitcoin, it's not printed, like dollars or euros they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
Bitcoin is the best-known digital currency and it has surged 358%!!! It made a lot of millionaires. There's a man named Koch who bought 5,000 bitcoins in 2009 for $27, now it is worth about $23,000,000. Talk about a degree that gives you bang for your buck. Kristoffer Koch was writing a thesis on encryption in 2009 when he spent about $27 to buy 5,000 bitcoins.
If you are just joining the Bitcoin bandwagon and don't have enough money to invest but have spare time in your hands, you can actually make a decent amount of Bitcoin and other cryptocurrency.
Here's a really good strategy:
You can use EOBOT to do cloudmining. Eobot is the easiest, cheapest, and best way to get or mine multiply cryptocurrencies at once. You can actually build your mining power on Eobot using free coins from Faucets.
Before Mining for Bitcoin you need a Bitcoin and other cryptocurrency Wallet First:
Coins Ph - (Philippines based) if you live in the Philippines, Coins Ph is a good Bitcoin wallet since they have a lot of options to withdraw your money. You can also pay your bills or buy load for your cellphone online.
Cryptonator - in my opinion this is the most convenient online wallet since they support a lot of major cryptocurrency. They support Bitcoin, Bitcoin Cash, Blackcoin, Dash, Monero, Peercoin, Primecoin and a lot more.
Once you have an online wallet, you'll need a micropayment system you need to sign up to all these three top micropayment system to collect your earnings:
Step 2: You need to do this everyday, since if you log in to EOBOT Daily you get 1 DOGE coin. Then visit their Faucet which you can found under PRODUCTS. But before doing that choose what cryptocurrency you want to receive, in the account page on top left of the page use the drop down box to choose which cryptocurrency to mine, this will also the cryptocurrency that you will receive in the faucet. Then go the the Faucet. View the advertisement then answer the Solvemedia question. It's best if you put it on your GHS4Contract to increase your Hash rate this will increase the speed of your cloudmining.
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EOBOT is legit and has been paying for many years and most of the review sites rank them high, they are ranked 4.2 by NetbusinessRating.
Step 3: Now we need to get more Bitcoin and other cryptocurrency to build our Cloud Mining Hashrate on Eobot
Faucets - here you can get easy Bitcoin and other cryptocurrency just by visiting their website and answering Captcha and Solvemedia in exchange you get free Bitcoin or other cryptocurrency. Here is an example on how it works:
This is Moondoge you get free Dogecoin it go directly to your CoinPot account.
This is very easy to do, just go to there website HERE
Enter your Dogecoin address. When you see this page below click on claim.
Then you will see this page that will ask you to prove you're not a bot. Click on the square.
It will lead you to this page, just answer the captcha and you're done.
Faucets makes money on Advertisement so you will see tons of it, on Faucets.
Most of the Faucet ask for two Captcha just like below:
Here are other Great Faucet to build up your Bitcoin and other cryptocurrency:
