What is Bitcoins Explained better than anyone else,

Hello folks,
This is my first post so let me start off with a simpleintroduction on what is bitcoins.
Go to http://www.bitcoin.org/ and download the client.
Save your bitcoin address somewhere. For eg: this address is mine 1K2pKqSSUZJvNuyTUjE2yBxYrXxE2fQJYr  (you can donate some bitcoins if you found this guide helpful)

Another way to get a wallet is get one online at InstaWallet or MyBitcoin. With this option you don't have to install anything,

Now we move on to how to get bitcoins.
There are three ways:
  • Get free bitcoins.
  • Exchange Bitcoins. Buy/Sell Bitcoins.
  • Make Bitcoins or as we call mine bitcoins.
Get free bitcoins:
For your first test with Bitcoin, you can get a tiny amount of Bitcoins for free from the Bitcoin faucet.

Exchange, buy, sell bitcoins:
See if there are local Bitcoiners in your area at TradeBitcoin.com!
Do you have a marketable skill or even just a cool idea for some quirky service you can provide for people? Put it up on ForBitcoin
For larger purchases there are several currency exchanges, such as Mt. Gox, Bitcoin Market and TradeHill.
If you prefer skipping the exchange and dealing directly with other people you can head over to Bitcoin OTC.

Mining a bitcoin:
For mining bitcoins we need something called miners.
There are lots of miners out there but finding them was hard when I was starting out.
So head over to http://forum.bitcoin.org/index.php?board=42.0 to download some miners.
I'd prefer the GUI miner it has every good miner in it + has GUI interface.
Here is a screenshot of GUI miner:



So this concludes out introduction to bitcoin part. Stay tuned for a step by step guide on how to mine with GUI miner.
Hope you enjoyed. Like this and share it on facebook and twitter for a video guide.

Comments

  1. Excellent site, i am Sell Bitcoins but how. Keep up the good work!

    ReplyDelete
  2. Many people including myself are just starting to hear about Bitcoins even though they have been around since 2008-2009. They are a very new "currency" and will allow you to profit without ANY fees of transfer, any freezing of funds, doesn't require banks and is currently feared by established financial institutions to the way of trying to ban it. The funny thing is that is it`s impossible to ban or prohibit because no one owns it!

    There are a group of clever developers are working on a tool that will allow people to make bitcoins every single day! There is a nice short to the point video that explains the "Human Greed" factor and why this is an entirely new and unexplored market!

    This is unlike anything you have ever seen or heard off and it makes perfect sense that early birds knowing this info will make alot of money off the backs of people that come into a new moneymaking market too late. The beauty of this is that you stay anonymous and in nowadays world flying under the radar is important. The recent scandals of governments spying on its citizens are making "transparency" a scary thing so don`t let anyone meddle in your private affairs!

    There is a free presentation seat to be grabbed so you can be the first to learn more about this bitcoin robot that is due to be released very soon to a small circle of people that follow its development.

    Check it out now: http://ezhomefunds.com/btcsm

    ReplyDelete
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