There are many ways to get bitcoin and one of the most common means is through bitcoin mining. What is bitcoin mining? As you all know by now, bitcoin doesn’t grow on trees. Unlike your local currency where you have a government to rely on the production and the distribution of currency, bitcoin doesn’t have one. Instead, bitcoin relies on mining companies to do it or them.
Bitcoin mining companies use special mining software that solves mathematical problems to complete the process, transaction or exchange. Bitcoin miners, through their efforts, make the network secure. With bitcoin, there are two ways to do it, either your a miner or your a customer.
You don’t need a technical background to trade bitcoin but you need to know a few things about it: One of the reasons why there are many people that aren’t still in bitcoin, is that, its a currency that you need to learn. Not just because its good to know, but because it’s for your safety. With the incidence of fraud in various platforms including some bitcoin mining sites. It’s a must that you need to do some research on it.
Free ones aren’t necessarily fraud:
There’s a stigma with free ones because most people think that bitcoin mining sites that offer free bitcoin are actually a fraud. They are able to do this because they found means to make bitcoin mining fun for everybody and some found other means to make money like running some ads, offer games and many more.
Why you should get bitcoin:
Its hard to tell people that you should invest in bitcoin, because there’s really no significant reason why people should invest in it unless they are heavily invested in it. But if you want to have a different option of trading various currencies online, bitcoin can be a good option.
In this day and age of emerging popularity of bitcoin, it comes as no surprise that many people are interested in it. But interest won’t get you anywhere, if you really want to try it effectively and safely, you really need to know your bitcoin and where you get it from. If you want to get your bitcoin from scratch there are legitimate free ones that you can check out. If you’re wondering what those free bitcoin mining is all about, click the link.