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Five things to know before investing in Bitcoin

Bitcoin is one of the cryptocurrencies that has been dominating the financial market for the last couple of years. Many investors are still skeptical when it comes to investing because they are not sure what the future holds. Considering that Bitcoin’s price has risen, you need to be careful when putting your money out there. If you are thinking of investing, then in this post we are going to help you discover all the things you need to know before buying it. We are going to explain the basics and help you make the right decision.

What Bitcoin is getting a lot of attention

The world has become more dependent on the internet, so it’s no surprise why people have become so interested in it. This currency is open to everyone and offers the same opportunities to everyone who is ready to invest. You might feel intimidated while working with Bitcoin, but remembers, it will take you some time while you get all the ropes and understand how Bitcoin works.

Why should you invest money in Bitcoin?

It might seem silly that one bitcoin can cost thousands of dollars, but what makes it so valuable? Let’s look at gold, for example. There is a limited amount of gold on earth when new gold is mined, the amount is decreasing and becomes expensive to find and mine new gold supplies. The same rule applies to Bitcoins. Nowadays, there 21 million of Bitcoins available on the market and as the time goes by, it is harder and harder to mine them. The great thing about Bitcoin is that it offers sound and predictable monetary policy and anyone can verify it. The sound policy is one of the most important features because it’s possible to how they are created and how many of them are in circulation.

The price of Bitcoin

coinsThere is no official price. Basically, people determine the rate and how much they are ready to pay for one Bitcoin. The price is represented as the cost of one Bitcoin. On the other hand, exchanges will allow you to buy any amount, and you can even buy less than one Bitcoin.  Many experts state that people who invested in Bitcoin in 2009, now they are millionaires.

When should you buy?

Compared to any market, nothing is guaranteed. When we look at the beginnings of Bitcoin, the price has increased rapidly and followed by a slow downfall, until it stabilized. Considering that Bitcoin is global, it is not influenced by the government situation and stability. Compared to physical currency, any disturbance that happens on world’s financial market can only contribute to the price of Bitcoin because not any state or government can influence its progress.

Where to buy

It all depends on your native country or country where you reside. If you want to purchase Bitcoins, then we suggest the Coinbase, this is the most prominent broker, and it covers the U.S., UK, Singapore, Canada, and majority of European countries.

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Litecoin trading for beginners – learn to use this digital currency

If you are familiar with the virtual currency bitcoin, then you won’t have problems with litecoin. According to their website, this is a virtual currency that allows instant, almost free payment costs to anyone in the world. Both bitcoin and litecoin work on the nearly same principle. The litecoin has never intended to replace the bitcoin but to follow it and provide people another cryptocurrency which they will be able to trade. That’s why we assembled a beginner’s guide, to help all people who are struggling to understand cryptocurrencies.

What is Litecoin

As their website explained, litecoin is a peer – to – peer cryptocurrency and an open source software. Litecoin is one of the largest cryptocurrencies on the market, and it is similar to bitcoin because they use the same blockchain technology in order to process transactions. But, there is one significant difference, when processing transactions, litecoin needs 2.5 minutes, and bitcoin needs 10 minutes. This digital currency is faster, and that’s one of the reasons why investors often request litecoin. On the other hand, there are 84 million units of litecoin, while bitcoin only has 21 million. It is up to you and your personal preferences which one you’ll, considering the both of them are excellent.

Where to buy

There are a lot of websites and applications on the web, which you can use to purchase litecoin. If you are making any transactions, then make sure that all exchanged are secure. You probably have heard of Coinbase, and this is one of the most trusted sources on the internet, and it covers the U.S, most countries in Europe, Singapore, and the UK. But, you can also try Kraken, Cryptsy, 247Exchange, and Buttrex. You should read the reviews for each of them and decide which the best solution for you. The only thing we can say is that they are trustworthy and reliable.

Where can you store Litecoins

litecoin1Litecoins and other digital currencies are stored in digital wallets. So, when saving litecoin, you need to make sure to choose the secure place and where you will store them. You should avoid storing your litecoins in an exchange because you don’t control the private keys. If the exchange ever goes offline, your money will be lost, and you won’t be able to retrieve it. There are some popular wallets you can explore, such as Electrum Lightweight Wallet, Official Core Wallet, LiveVault Secure Web Wallet and many others which can provide you excellent service.

Where can you spend litecoin

Litecoin is currently the sixth largest cryptocurrency on the market, and many websites are adopting litecoin as a method of payment. If you want litecoins and you want to spend them, then you should research the web and find sites that accept this digital currency. Keep in mind to search for web pages that will provide you a variety of products; you check out EGifter, Cheap Air, Bitfly, All Things Luxury, AFK Apparel and many more.

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How to become a Bitcoin miner?

You probably have heard about a Bitcoin, and then you read how people get rich using digital mining, but you still don’t know what that is. If you want to get rich, then you can either buy Bitcoins and make a transaction, or you can mine for them. Mining is a process of verifying other Bitcoin transactions and being rewarded for such action. This is the primary mechanism behind the Bitcoin economy, and it is used to maintain the operations secure. In this guide, we are going to explain to you how to become a professional miner, and potentially earn some fair amount of money.

Get a good equipment

If you want to become a Bitcoin miner, then you are required to have an advanced hardware which supports these operations. Considering that speed is measured in hashes, you need to perform a certain number of hashes in second, to mine. A high – end hardware will provide you desirable speed and help you earn Bitcoins faster. Also, quality equipment is electricity friendly, and you won’t spend all your earned money on bills, which is essential when you are starting with this business. It is important to mention that most PC companies sell specially customized devices which are created for Bitcoin mining, in this case, even if you are inexperienced, you don’t have to worry whether you will buy the wrong one.

Get a Bitcoin Wallet

walletAll Bitcoins are placed in the digital wallet, and they are encrypted to secure your money. Users can be located locally or online. Even though many online wallets are safe, the money can still be lost if something catastrophic happens. Most prominent Bitcoin users recommend for beginners to use the local wallet for security reasons. While using a local wallet, all transactions need to be verified in an entire blockchain, which makes this service much secure. There are a lot of great local wallets on the market, and you can search the web and choose the one that meets all your needs.

Secure your wallet

Considering there is no ownership when it comes to the wallets, anyone has to access it and use your coins. If you want to prevent this, then you should enable authentication process and place your wallet on a computer doesn’t have an internet access and even store wallet to a memory card.

Join a pool or go alone

When you start mining, you have two options; you can take a membership with an established pool, or try to mine on your own. The pool offers you many possibilities and features and recourses, but you also have to divide the rewards. This can help you achieve quick returns. On the other hand, if you decide to mine by yourself, then this can be a very challenging task. You will be facing a great competition, and without joining a pool, it may pass a year or more before you start earning any Bitcoins. But, with the pool, you can achieve faster progress.

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Ethereum Vs. Bitcoin – the primary differences between them

The Bitcoin has been dominating the world’s market for the last several years, but this is not the only one cryptocurrency that has been present because we have another one called Ethereum, which is equally good. Ethereum attracts a lot of attention from the investors because it offers additional features and applications. We will help you discover everything Ethereum has to provide and help you choose the best cryptocurrency that will meet your needs.

Ethereum is more than money

First of all, Ethereum is not entirely a cryptocurrency, but a blockchain platform which supports many features. It has smart contracts, Ethereum virtual machine and uses its currency which is called Ether. Considering that platform uses smart contracts, it has stored applications for contract negotiation and facilitation. The smart contracts are decentralized, and it makes it very hard to breach them or for someone to commit a fraud. These contracts are powered by Ethereum’s blockchain based cryptocurrency, or by other crypto – assets, which are stored in Ethereum Wallet and they also allow users to create new smart contracts, but also use them.

Use smart contracts for personal cryptocurrency

The great thing about Ethereum is that it provides you to make digital tokens which can be used to represent virtual shares, assets, proof of memberships and much more. The smart contracts are compatible with any wallet. You have an opportunity to copy the code from the website and then utilize tokens for various purposes. In this case, you can have a certain number of tokens which are fixed, or you can have a fluctuating amount based on specific rules.

You don’t need Kickstarter with Ethereum

Ethereum1The Ethereum has one great feature, and that is it gives developers means to earn funds for numerous applications. The money developers make, will be held until they reach the goal or until they agree on a date. If developers fail to achieve the goal, then the money will be returned to contributors. On the other hand, if the project is successful, the money will be invested. Kickstarter means you eliminate the third party, together with the rules and fees they charge. When you include Kickstarter’s price, it may cost you up to 10% of the entire investment, which is not that large, if you manage to achieve your goals.

You don’t need traditional management skills

With the help of Ethereum, you are not only raising the fund, but you can also use this platform as an organizational structure you start with your ideas. You can gather proposals from the people who supported your project and them as for recommendations and what should you do. In this case, you can skip the traditional structure, for example, hiring managers, experts and doing paperwork. In this way, you can get free ideas and use them to help you develop your business further. Another significant difference between Bitcoin and Ethereum is that with Ethereum only the half of money is earned with mining.

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How to choose computer configuration for Bitcoin mining

When selecting the right equipment, you need to reconsider the three main categories of Bitcoin mining hardware. Each of these groups is more powerful and achieving that the previous ones. You need to understand how Bitcoin works to select the proper tools and equipment. We are going to help you set up everything and help you decide which hardware is the best for you and which one will accommodate your needs when you are performing the mining process.

What is a hash rate?

This represents a number of calculations your hardware can perform every second. In the mining process, you are required to solve mathematical problems, and the hash rate is measured in megahashes, gigahashes, and terahashes per second. The higher your speed is, the more likely you will be able to solve problems and transaction blocks.

Energy consumption

bitcoin compWe all know that computer hardware isn’t energy friendly and especially if you are using an advanced equipment for Bitcoin mining. So, when you are choosing a device, you should be aware that power is measured in watts. Keep in mind that you don’t want to spend all your earned money on electricity to mine coins that are not worth it. You need to determine how many hashes you are getting for every watt consumed. To perform this, divide the hash number by the number of watts. Keep in mind your electricity bill at the end of every month and try to find the balance.

Mining Hardware

There are three main categories, and we will explore each of them.

CPU/GPU Bitcoin Mining

This is the least dominant category and represents your computer. In theory, you can use the computer that you have to mine Bitcoins, but, in reality, it will be too slow compared to powerful machines that are on the market. Of course, you could boost up your graphics, and it is designed for advanced mathematical polygons which are required in high – end video games. You can purchase ATI and Nvidia because they are the best on the market and they can cost hundreds of dollars.

FPGA Bitcoin Mining

The full name of FPGA is Field Programmable Gate Array, and that is an integrated circuit which needs to configurated after being built. The mining hardware manufacturers have an opportunity to purchase these chips in volumes and then prepare them for Bitcoin mining before they are put into equipment. Considering that they are customized for mining, they provide excellent performance and outstanding results. You can get 750 Megahashes per second, but keep in mind that this is the high – end.

 ASIC Bitcoin Miners

ASIC is the most potent tool for Bitcoin mining, it has only one purpose, to mine coins at remarkable speed, with moderately low electricity consumption. In other words, this is a dream come true for every Bitcoin miners. It can produce rate between 5 and 500 Gigahashes per second, and some vendors are even offering ASIC devices which can reach 2 Terahashes per second.

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The basics of Ethereum and the facts you need to know

If you follow the world trends, then you probably have heard about Ethereum. This name has become quite popular in financial and tech circles and attracted the attention of investors from all over the world. Many people connect it to Bitcoin; there are some similarities, but also some differences. Many experts predict that Ethereum is a rising start of cryptocurrencies, especially after the creation of Bitcoin. The demand for this virtual currency has risen so high, that many miners are trying to generate as much currency as they can. So, let’s discover want Ethereum is?

What is cryptocurrency?

Many investors refer Ethereum as a cryptocurrency, but, that’s not really true. In fact, it is a platform that provides individuals an opportunity to perform transactions and make contacts using the currency called ether. On the other hand, a cryptocurrency is a digital currency created through encryption. It doesn’t have a physical form, such as banknote and it is not issued by a central bank. The cryptocurrency only exists as data on the Internet, and it is managed through a blockchain. People who validate transactions, which means to solve the services of complex computational problems are known as miners.

The difference between cryptocurrencies and regular banks

Ethereum1All digital transactions are recorded and require a third party, for example, bank, to validate an operation. Considering that money, when it’s digital, is some sort of data that can be copied and violated, banks need to protect all transactions. They often don’t work for free, and clients are required to pay a fee. The amount will depend on a bank. On the other hand, cryptocurrencies are all about skipping the banks because they don’t require a third party and you aren’t required to pay fees. In case some data has been changed, every computer on the network needs to validate the transaction and discover tempering. No authority can seize cryptocurrencies because they aren’t stored anywhere. Only a person who has a private key can access it, so it would be challenging for the government to catch it.

Smart contracts are all about Ethereum

You must be wondering what a smart contract is? This is a contract written in code, which creators upload to the blockchain. Every time a contract is performed, every node on the network runs It. When all terms are met, the program shows conditions of the contract. Considering that every computer on the network keeps tracks of the transactions, any violation is impossible. If someone changes the details of contacts, all computers on digital ledger will be able to see them.

What the future holds?

In a short time, this type of trading has attracted a considerable attention of many investors around the world, considering that Ethereum price has grown in the last year. Even some major companies like Microsoft and JP Morgan Chase became the members of Ethereum alliance. Many people think that this is a perfect tool for corporations.

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How smart is to invest in cryptocurrency?

Many people all over the world are fascinated with cryptocurrency because they think that’s the next way of getting rich. Unfortunately, things aren’t that easy. First of all, you need to have an excessive knowledge about this type of investment and then have huge money, because cryptocurrencies don’t come cheap, especially Bitcoin, which value has risen in the last year. In this article, we are going to discuss a couple of relevant facts and warn you about the things you should know before start investing into cryptocurrency.

Know your budget

When we are talking about an essential cryptocurrency, Bitcoin, the average price is around $6000 for one, which you have to admit is a large sum of money. For some people, this can be some sort of hobby, but if you are working for an average salary, this can be a massive investment for you. On the other hand, you should think about the safety and how to make the secure investment. Basically, you have to options here, to take a risk and hope that value of cryptocurrencies will rise in the future, or to skip this part and go for a traditional way of investing money. One thing is sure; many experts predict a bright future for cryptocurrencies and their price will definitely increase.

It is the future of investment

investmentCryptocurrency will be one of the most profitable investments you can make in your entire life, but, you need to be careful when laying out your money. Many financial experts predict that their price will only rise and you want to be one of those people who are ready to risk; then we suggest you invest in one of many cryptocurrencies, which are currently available on the market. On the other hand, if you aren’t familiar with this type of investment, then don’t start it until you are entirely sure you can perform all tasks. It would be wise to talk to some financial expert who will show you the ropes, or you can browse the web and find many answers. Considering that cryptocurrency is very popular nowadays, you will find many interesting topics on the internet which will disclose everything.

Keep in mind taxes

Until recently, American Government didn’t recognize cryptocurrency as a method of investment and IRS didn’t request from people to pay taxes, but that all changed in 2014 when they changed regulations and cryptocurrencies became assets which are submitted to taxes. Now, investors are required to pay taxes, depending on the amount they earn or sell, but on an average level, the taxes go from 15% to 20%. For, if you are planning to invest your money in cryptocurrencies, then you should think about how much you will be paying taxes because it won’t be cheap. In this way, the Government is trying to protect the country from people who can get rich overnight and get away from the taxes. You should be aware, that any violation is highly punishable.

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How to make money with Bitcoin

If you are looking for the ways to earn some extra cash and to build up your, then Bitcoin is an excellent option for you. Having in mind that the price of Bitcoin has risen in the last years, not many people have an opportunity to purchase ones. A lot of them think that mining and investing in digital currency is the right way to earn money, but numerous methods can help people achieve an income, without spending too much time in front of a computer. So, let’s look at different techniques which can help you run a successful Bitcoin business.

Bitcoin faucet

While investing your own money may sound a more appealing and secure option, you can take launch and manage your personal Bitcoin faucet. Here your possibilities are limitless, and you won’t be risking your investment. The average earning per months can be between $50 and $800. The entire process is quite simple, but if you still don’t understand what we are talking about, then you can find many online tutorials which can help you establish a Bitcoin faucet. Basically, then entire procedure revolves around the adds, you will be paying the small number of Bitcoins to your users, but, you will be gaining much more from the ads you put on your site.

Passive Bitcoin income

gold-bitcoinsOne of the most neglected ways of making a profit with the Bitcoin is probably to start your own website, where you will provide useful information and explain in details the basis of Bitcoin to new users while making earning money from ads and affiliate offers. It will take you some time and a bit of money to get everything going, but, you will start experiencing benefits in the first couple of months. If you have some friends that are in the IT sector, then they can set you up a website in a matter of days. Then, it’s up to you to reach a high traffic and attract the companies which will post an ad on your webpage.

Mini earnings

A bit of your time can help you earn some money with the Bitcoin. For example, there are a lot of websites on the market which will pay you small amounts of money to perfume and complete specific tasks for them. This often involves looking and clicking on ads. In most cases, the website owners pat when people view and interact with their ads. Of course, these ads are connected to the Bitcoin.

Writing

If you love Bitcoin and you are interested in this topic, but you don’t dare to invest your money, then we suggest you to start writing and turn your literary skills into cash. Considering that Bitcoin is highly accessible and people all over the world are fascinated with this virtual currency, but not many of them are overly familiar with how this process works. If you have excellent literary skills, then some companies will pay to promote their products on the web.

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The basics of Bitcoin mining

The Bitcoin is one of the most popular cryptocurrency nowadays, and many investors are into it, notably since its price had risen last year. Many financial experts pointed out that if people invested in Bitcoin eight years ago, they would be millionaires now. But, you may still have a shot at earning money, and that is applying Bitcoin mining. Before you start this entire procedure, you need to get familiar with a Bitcoin concept and which are the safest way to invest your money. On the other hand, we will get you familiar with the Bitcoin mining. Here are the basics which might be interesting.

How does it work

Before you start mining, it would be useful to understand how Bitcoin mining works and what does it means. First of all, this procedure is entirely legal, and it can be done with the help of SHA256 double round verification processes if you want to validate all Bitcoin transactions. Here, the speed is the most significant factor, and it is measured in hashes per second. The Bitcoin compensates the miners who are the most successful and who present the required computational power. The bigger power they show, the larger the reward will be.

How to start

If you want to begin Bitcoin mining, then you need to get a Bitcoin mining software. While this process was at the developing stage, people could mine with computer PCU or with fast processor car. But, today, that’s not possible. There are a lot of software you can find on the market, which dominate this industry and which will provide you excellent results. Keep in mind that Bitcoin mining will consume more electricity and you are likely to earn. It is important to use specially designed equipment only for this purpose, and many companies offer devices which are only used for Bitcoin mining.

Other Bitcoin mining services

miningPeople have another option which they can explore, and that’s to purchase in Bitcoin cloud mining contracts. This will significantly make easy this entire process, but, on the other hand, it will increase your risk because you will not have physical control over the hardware. You should be aware if Bitcoin scams and only search for services which are reputable and have excellent feedback. Only in this way, you can hope to earn Bitcoins and not waste your time.

Join the Bitcoin mining pool

Once you acquired equipment and downloaded a software, it’s time to join the Bitcoin mining pool. The mining pool represents individuals who are working in groups, and they try to solve the blocks together and in the end, share their reward. Without using this pool, you might mine for years and never earing anything.

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About Tularosa Basin Telephone Company

In 1996 the Tularosa Basin Telephone Company started as a merger of four major companies, Dell City Telephone Cooperative of Dell City, Texas; Roosevelt County Cooperative of Portales, New Mexico; Ponderosa Telephone Inc. of O’Neals, California and Wagner Telecommunications of Colorado Springs, Colorado. Their first operations were conducted in a temporary manufacturing building, but in 1997 the owners bought one of the most beautiful historical buildings in Tularosa, and they established their headquarters here. Even though the company went thought many changes through years, they managed to preserve this building, considering it’s a historical highlight of the entire region. They established their corporate offices here, but kept the building intact, to the pleasure of many locals.

Thought out the years, the company has progressed so much, and with the help of advanced technology, they offer various types of services, which will be otherwise available to customers in metropolitan cities. In 2000 the company founded a subsidiary called Tularosa Communications, Inc. Now, this group provides internet services to more than 3000 clients. The most significant progress they have managed to achieve is that they brought an internet connections and telecommunication services to rural areas, using fiber – optical infrastructure.

Tularosa-CommunicationsThe more significant number of satisfied clients only provides more prominent reputation to this company, and people are very grateful because they can go with hand with modern tendencies. We are all aware that many individuals living in rural are facing many difficulties, mainly because they don’t have an internet connection. But, TBTC managed to overcome this problem and offer their clients a new and improved perspective, which involves the latest world trends.

The company provides various services, and you can check out the latest rates at their website. They are trying to adjust the prices based on peoples’ income, and they offer affordable services. The thing that will interest the potential clients the most is that they have high – speed, wireless and long – distance internet and in 2006 the company became a cellular provider as well. With the continuous growth and improvement, you can be sure that you will get the best service on the market if you decide to sign a contract with them.

If you aren’t still sure whether they are right for you, then you can check the internet speed on their website and read many testimonials from satisfied clients. TBTC also offers 15 probation period to test their services.

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