Introduction
Everyone is talking about bitcoin, it is growing in adoption, being used by more and more businesses, and increasing in value.
In this post i will explain quick what bitcoin is, what it's future potential could be,but most importantly; how you can claim THOUSANDS of “bits (bitcoin units) a day, for free. It's not too late to join the growing trend of bitcoin, to invest, or to simply get hold of some for free and become a part of the future growth of bitcoin!
What is bitcoin?
Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.

Nothing can be hidden/manipulated due to how transactions are verified on a sort of global spreadsheet called the “Blockchain” (trying to keep things super simple but if you want to read the ins-and outs you can find the full “bitcoin white paper” which goes into depth in howtransactions are confirmed and “minded”) in which 1000s of computers verify each purchase transaction and bitcoin send on the network.
This means that essentially this spreadsheet is duplicated and synced live all around the world by 1000s of people – similar to a peer-to-peer system which has no focused to control (or manipulate) it.
You can send bitcoin from your computer, tablet, smart phone or other device, to anyone,
anywhere in the world, day or night.
The transaction fees are either 0% or a tiny fraction compared to the cost of a credit card payment or a bank transfer (especially internationally). And the time taken is dramatically reduced – on average, a transaction completes in 20-30 minutes (once it has been
verified).

How is bitcoin “printed?”
It isn't.
No one prints bitcoin in the same way that regular national currency is printed.
Whereas a bank can simply produce more money to cover the national debt, thus
devaluing their currency and causing inflation..
Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins
are “mined” using computing power in a distributed network. This “mining” is the method of
processing and securing each transaction – locking them into the “blockchain” ledger.
Miners earn bitcoin as rewards for using their computing power when they verify
transactions and solve the complex mathematical formulas associated – this now requires
quite significant (and growing!) computing power.

will continue with the post latter...

following

interested, keep it going.

Get free Bitcoins here now http://www.bitcoinreward.net/?ref=1JPvDfP5frU5xcpcLXDhYVb89VBm2JAS5H

badruf:
Introduction
Everyone is talking about bitcoin, it is growing in adoption, being used by more and more businesses, and increasing in value.
In this post i will explain quick what bitcoin is, what it's future potential could be,but most importantly; how you can claim THOUSANDS of “bits (bitcoin units) a day, for free. It's not too late to join the growing trend of bitcoin, to invest, or to simply get hold of some for free and become a part of the future growth of bitcoin!
What is bitcoin?
Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.

Nothing can be hidden/manipulated due to how transactions are verified on a sort of global spreadsheet called the “Blockchain” (trying to keep things super simple but if you want to read the ins-and outs you can find the full “bitcoin white paper” which goes into depth in howtransactions are confirmed and “minded”) in which 1000s of computers verify each purchase transaction and bitcoin send on the network.
This means that essentially this spreadsheet is duplicated and synced live all around the world by 1000s of people – similar to a peer-to-peer system which has no focused to control (or manipulate) it.
You can send bitcoin from your computer, tablet, smart phone or other device, to anyone,
anywhere in the world, day or night.
The transaction fees are either 0% or a tiny fraction compared to the cost of a credit card payment or a bank transfer (especially internationally). And the time taken is dramatically reduced – on average, a transaction completes in 20-30 minutes (once it has been
verified).

How is bitcoin “printed?”
It isn't.
No one prints bitcoin in the same way that regular national currency is printed.
Whereas a bank can simply produce more money to cover the national debt, thus
devaluing their currency and causing inflation..
Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins
are “mined” using computing power in a distributed network. This “mining” is the method of
processing and securing each transaction – locking them into the “blockchain” ledger.
Miners earn bitcoin as rewards for using their computing power when they verify
transactions and solve the complex mathematical formulas associated – this now requires
quite significant (and growing!) computing power.

will continue with the post latter...

come back nah

It seems this tutorial on how to mine bitcoin is stuck, the OP just abandoned It like that, not good enough @ OP.