BITCOIN WAS MADE BY PROFESSIONALS
We believe that everyone should benefit from the mining and be able to have access the newest technologies and large scale industrial data centers from your laptop or mobile phone. We are open for a partnership to all mining companies who meets our requirements. If you are interested to sell your hosting capacities for mining through the Bitcoin platform, please contact us.
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Who we are ?
Efficiency is what drives the margins in Bitcoin transaction processing. As more miners compete to find a block the difficulty of the network rises respectively. When the network reaches the saturation point, the miners who are most efficient will make the most profit. The modern ASIC chips from BitFury deliver the maximum performance and efficiency possible.
What we offer ?
The Bitcoins provides turnkey renting solutions from the largest bitcoin mining data centers.
- Official reseller of industry leading companies
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- The newest ASIC chips
- Air and immersion cooling technology
- Ultimate performance at low cost
- 100% uptime guarantee
- 275% assured return
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We are open for a partnership to all mining companies who meets our requirements. If you are interested to sell your hosting capacities for mining through The Bitcoin platform, please contact us. We believe that everyone should benefit from the mining and be able to have access the newest technologies data centers from your laptop or mobile phone. Read more
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Uncover the truth about Bitcoin.Learn about its utility and elegance. Get in the know.
Bitcoin is a currency born into the digital age. When using Bitcoin for the first time people should get an idea of how it works. Digital money is different than the traditional finance world is used to. It offers three core values in which many currencies cannot attain: Decentralization, Open Source, and Peer-to-Peer networking. It is important to get an idea of how to use Bitcoin before investing in it or starting wallet. At Bitcoin.com we are very passionate about the protocol and want to help you learn along the way. There is a lot to learn, but it is not beyond your grasp. Bitcoin is a truly beautiful innovation, and it has the capacity to change the world.
1. Bitcoin: What Is It and why Is It Important?
Bitcoin‘s inventor, Satoshi Nakamoto, described Bitcoin as “A Peer-to-Peer Electronic Cash System” in the original 2009 Bitcoin whitepaper – the document which created the roadmap for Bitcoin. To date, this is still the most simple and accurate description.
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is perhaps best described as ‘cash for the Internet’, but Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. It is also known as digital cash, cryptocurrency, an international payment network, the internet of money – but whatever you call it, Bitcoin is a revolution that is changing the way everyone sees and uses money.
The beauty of Bitcoin is that it requires no central servers or third-party clearing houses to settle transactions – all payments are peer-to-peer (P2P) and are settled in about 10 minutes – unlike credit card payments, which can take weeks or months before they’re finally settled. All Bitcoin transactions are recorded permanently on a distributed ledger called the “blockchain” – this ledger is shared between all full Bitcoin “miners” and “nodes” around the world, and is publicly-viewable. These miners and nodes verify transactions and keep the network secure. For the electricity they use to do this, miners are rewarded with new bitcoins with each 10-minute block (the reward is currently 12.5 BTC per block).
The Bitcoin protocol is also hard-limited to 21 million bitcoins, meaning that no more than that can ever be created. This means that no central bank, individual or government can come along and simply ‘print’ more bitcoins when it suits them. In this sense Bitcoin is a deflationary currency, and as such is likely to grow in value based on this property alone. Bitcoin is still a cutting-edge experiment in technology and economics, and like the worldwide web in 1995, its myriad potential, purposes and applications are yet to be decided. Is it just electronic money? A foundation for smart contracts and electronic shares? Is it underground and subversive, challenging the power of governments, or will it integrate into mainstream finance and go unnoticed? If you know the answers to any of these questions, or if you can figure out how to capitalize on them there may be many lucrative opportunities for you in the Bitcoin space.
The Bitcoin universe is changing fast and often – to stay ahead of the game it’s necessary to follow the news almost-hourly and discuss the latest events with other members of the community. Bitcoin.com exists to be a reliable information hub for beginners and industry insiders alike. That being said, ‘staying ahead of the game’ is not a necessity if you simply wish to use Bitcoin as a currency to purchase goods and services, or wish to accept Bitcoin for transactions – something thousands of people around the world do every single day.
2. Who Developed Bitcoin?
The original Bitcoin code was designed by Satoshi Nakamoto under MIT open source credentials. In 2008 Nakamoto outlined the idea behind Bitcoin in his White Paper, which scientifically described how the cryptocurrency would function. Bitcoin is the first successful digital currency designed with trust in cryptography over central authorities. Satoshi left the Bitcoin code in the hands of developers and the community in 2010. Thus far hundreds of developers have added to the core code throughout the years.
3. What is the Blockchain?
Bitcoin is dependent on the blockchain that underlies and structures the system. The blockchain is the vertebrae of the protocol and the glue that holds the network together. It is simply a vast, distributed public ledger of account. It keeps track of every transaction ever made in the network, and all transactions are timestamped and verified by network miners. This is how it works: miners with specialized computers compete to solve mathematical puzzles with other computers, and once they solve a puzzle they are awarded with some Bitcoin, but they also add a “block” of completed transactions to the blockchain for future viewing and verifiability. Once a block is added to the chain the cycle repeats itself, and the computers continue to compete to solve these difficult problems. Every transaction on the blockchain is completely transparent and accounted for in its log. Anyone can see the public keys of any transaction they want (although there are no names associated with transactions). One could go all the way back and view the very first transactions ever made on the first block ever created. This block was unironically called the Genesis Block.
4. What is Bitcoin Mining?
Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation. They are also rewarded network fees for when they harvest new coin and a time when the last bitcoin is found mining will continue.
5. How Can You Buy Bitcoin?
Bitcoins can be bought from various sources. You can purchase them online using an exchange or brokerage service that will enable you to buy Bitcoin with a bank transfer using fiat currency, a credit card, and some services also offer buying opportunities using Paypal. Bitcoin can also be purchased locally using LocalBitcoins, and from Bitcoin Teller Machines which are similar to cash ATMs that you find worldwide.
Bitcoin.com offers a recommended list of current online exchanges and brokers who sell bitcoins. You can also buy Bitcoins instantly using your credit card on Bitcoin.com (The service is provided by Simplex). Our aim is to provide the best quality services via our website so anyone can easily obtain the cryptocurrency from a wide array of respected Bitcoin buying/selling platforms
6. Can You Sell Bitcoin?
Bitcoins can be sold in various fashions. The currency can be sold online to an exchange or live in person locally. These same instances work similarly to the buying process. You can sell your Bitcoin to the exchange at the current price it's being sold for. More anonymously you can sell in person or use a localized 2-way ATM. ATMs can be found all over the world and these machines are mostly used for purchasing. 2-way ATMs can allow you to sell the currency. Most ATMs however only allow you to buy Bitcoin. There are also teller machines that require identification as well. Click here to to to see a list of verified exchanges.
Bitcoin payments are easy to make with a wallet application and addresses. You can use a standard desktop or smartphone to transact with an individual, merchant and exchange. Addresses can be used in number form, in a QR code and contactless technology. Transacting with Bitcoin offers lower fees than any known remittance provider and credit card service. No bank, no state, no third party can offer this low amount of fees.
7. Can stores accept Bitcoin?
Brick and mortar outlets can also accept Bitcoin. Services like Coinbase, CoinKite, and BitPay offer applications and hardware for the convenience of the store owner. Most of these businesses offer invoicing and accounting with their services. However, third party services are not required by physical merchants to accept the currency. Individual users can also accept Bitcoin directly and handle the transactions and accounting themselves. Bitcoins can be sold in various fashions. The currency can be sold online to an exchange or live in person locally. These same instances work similarly to the buying process. You can sell your Bitcoin to the exchange at the current price it's being sold for. More anonymously you can sell in person or use a localized 2-way ATM. ATMs can be found all over the world and these machines are mostly used for purchasing. 2-way ATMs can allow you to sell the currency. Most ATMs however only allow you to buy Bitcoin. There are also teller machines that require identification as well. Click here to to to see a list of verified exchanges.
Bitcoin payments are easy to make with a wallet application and addresses. You can use a standard desktop or smartphone to transact with an individual, merchant and exchange. Addresses can be used in number form, in a QR code and contactless technology. Transacting with Bitcoin offers lower fees than any known remittance provider and credit card service. No bank, no state, no third party can offer this low amount of fees
8. Why Trust Bitcoin?
Bitcoin is a network operating by the three foundational principles of technological freedom: Decentralization, Open Source code, and true Peer-to-Peer technology. Bitcoin’s trust is based on the subjective valuations of human faith in mathematical algorithms, encryption and numbers. With the three pillars of technological principles Bitcoin’s blockchain is a peer-reviewed system of integrity.
9. What Can Bitcoin Do?
The Bitcoin protocol can change the financial landscape we see today. The protocol can act as a currency, voting mechanism, global identification and reputation application, a micro-tipper, crowdfunding platform, initiate trusts, wills and contracts, decentralized domain names, future markets, and basically everything the financial system of today can handle plus so much more. The currency application is just the beginning of this evolution of world's finances.
10. What Happens if I lose my Bitcoins?
Unfortunately, since unique private keys are associated with individual Bitcoin wallets, if the keys are lost, there is ultimately no way to retrieve that key without a passcode seed or other retrieval system; and that key is required to spend those coins. However, most modern wallets, like Mycelium, have wallet and key backups that you can build prior to storing money. This will allow you to create a new private key so that you may restore your private key on a new wallet if lost.
11. Who Is In Charge Of Bitcoin?
Nobody is "in charge" of Bitcoin – at least in the sense that Bitcoin is not a company or organization, has no governing body and no organizational structure. Bitcoin is simply a software protocol, like HTTP (aka the Internet and SMTP (aka email). This has been the case since Bitcoin’s creator, the person (or persons) calling themselves Satoshi Nakamoto, released their creation into the wild in 2009. There are, however, certain groups who can exert influence over the way Bitcoin functions through various means. Again, though, there are no individuals who can claim to speak for these groups and they contain a plethora of opinions and incentives within. Examples of such groups are: Developers: These are the people who write and maintain the software the Bitcoin network runs on. Although Satoshi Nakamoto released the first version of Bitcoin himself in 2009, the code has since been re-written and updated by subsequent programmers. The developers choose what updates to make to the protocol, and consider ways it can be improved. Miners: These are the people (and companies) that own the machines that generate new bitcoins and keep the network secure by validating transactions. As a result, they have the power to "vote" with their hardware and choose which Bitcoin software to support. Developers may create and release radical revisions to the Bitcoin protocol, but they'll have no effect unless the Bitcoin miners choose to adopt them. Users: That's you. At the end of the day, if regular users decide Bitcoin no longer fulfils their needs, then it will have no value. You can see the user effect in action just by looking at alternative cryptocurrencies collectively known as ‘altcoins' – there are currently about 700 different altcoins of varying degrees of popularity. They have risen and fallen in favor as users decided whether to buy, hold, sell, or simply abandon. Merchants have made individual decisions as to whether to accept them as payment or not. Bitcoin faces the same market conditions, and there's no shortage of new projects claiming their protocol is superior. So far none have knocked Bitcoin from its position as the most popular cryptocurrency, but there's no guarantee this will always be the case. Large holders, venture capitalists and influential figures in the "Bitcoin community" could also affect Bitcoin's future path, though their influence is less direct. And again, there is rarely a consensus of vision among them.
12. What Is A Bitcoin Wallet?
If you already know and want to see Bitcoin.com’s list of recommended wallets, click here. There are different types to suit different needs and we want to list the best options for anyone interested in Bitcoin.
Like the name suggests, a Bitcoin wallet is an application that stores, sends and receives bitcoins. You can think of it like you would a leather wallet full of physical cash, and basically that’s all you need to use Bitcoin.
The most common wallets are smartphone-based, and use the device’s camera to scan QR codes to save the user from needing to copy/paste long Bitcoin addresses. Other people have desktop versions or use browser-based wallets. To the end user the interface is similar, though the way they function and handle private keys (the ‘key’ which allow you to spend your bitcoins) and user privacy can be very different.
Some apps have features that add value to your Bitcoin-using experience, like location-based Bitcoin business guides, links to exchanges to trade in and out of fiat currencies, more secure vault storage, or the ability to hold digital tokens other than just Bitcoin, such as any number of the many altcoins on offer.
Some wallets have central servers, meaning users have to create accounts with a login name (usually an email address) and password. These are less private and (if login info and keys are not secured properly) may be vulnerable to hackers. On the upside, when a centralized wallet is used if a user forgets their password it’s usually recoverable. Other wallets store all information and private keys on the device itself, some of which generate wallet keys from a single “seed” phrase of about 12 words. If a user remembers the seed phrase, then the wallet can be restored elsewhere if the device is lost or broken. On the downside, if you forget that seed phrase the wallet can’t be recovered.
Apart from smartphone/desktop apps you can also buy specialized hardware devices like Trezor and Ledger to keep your keys completely offline, or even print a wallet on paper to keep them as safe from hackers as possible. These are the best options for users holding large amounts of Bitcoin. Bitcoin users now have a wide selection of wallets to choose from and features have improved vastly over the past couple of years. But with more choice comes the need for more caution: fraudulent Bitcoin wallets have begun to appear that mimic the look of popular wallets, but are actually malware that steals bitcoins. Be very careful the wallet you’re installing is the real one, and see our guide for popular wallets that have proved trustworthy.
13. Can I Make Money Mining Bitcoin?
Yes… and no. The days where anyone could make money mining Bitcoin with a desktop computer or GPU cards are unfortunately long gone. The total computing (or “hashing”) power of the network has risen exponentially since the introduction of application-specific integrated circuits (ASICs), or machines designed specifically to solve Bitcoin’s mining proof-of-work algorithm and nothing else.
For a brief introduction to Bitcoin mining and some basic options, see Bitcoin.com’s guide here. It is still possible for individual miners to make some money by purchasing their own ASIC-based equipment – however, most mining takes place in large factory-like environments with hundreds of machines, in places where energy is cheap (such as China and above the Arctic Circle). And once your machine is superseded by a newer model a few months after purchase, its ability to compete on the network (and thus its earning potential) is greatly diminished, along with its resale value.
You also need to consider energy costs where you live. Bitcoin-mining ASIC machines run very hot and consume large amounts of electricity. You’ll need to subtract the costs of electricity and cooling from the profits you make.
However, if you have access to cheap electricity, don’t mind (a lot of) extra heat and you think the Bitcoin price is going to increase exponentially in future, try mining for yourself. You’ll learn a lot about how the Bitcoin network works, and the network needs more individual miners to keep it secure and decentralized. In fact, a large number of individuals mine Bitcoin to contribute back to the network in this way, as well as just for the fun of it. There’s also always the possibility, though increasingly remote, that an individual miner will mine the next block and receive the full 12.5 Bitcoin reward for doing so.
If you still want to mine and don’t want to own or manage your own devices, various “cloud mining” companies exist. These are large operations located in data centers around the world. Users buy a share of the mining power available and receive rewards in proportion to their shares. Like all Bitcoin services there are trustworthy and untrustworthy operators, and cloud mining is subject to the same risks and price fluctuations as managing your own equipment – so be sure to do your research and ask questions before parting with any money.
14. How Can I Sell Bitcoins?
Bitcoins can be sold locally using LocalBitcoins, on Bitcoin brokerages / exchanges, using two-way Bitcoin Teller Machines (BTM’s) or you can pay for a good or service with them. Bitcoins can be sold to just about anyone as long as they have a Bitcoin address, and can be sold for any fiat currency in the world or traded for a physical good. Feel free to check out our recommended list of exchanges and brokerage services to sell your bitcoins online.
15. How Do Bitcoin Transactions Work?
Bitcoin transactions are composed of an amount, an input (sending address), an output (receiving address) and private keys (the keys which allow you to spend your bitcoins). A user simply enters a receiving address and if the person possesses the private key associated with the bitcoins they are trying to spend the transaction is sent and verified with the help of miners confirming blocks of exchanges (transactions) within the Bitcoin blockchain. The blockchain is a database of all recorded transactions since Bitcoin’s inception.
WHAT IS IT AND HOW IT WORKS?
Bitcoin is the easiest and most convenient way to mine new bitcoins. Bitcoin is the new era of cryptocurrency and its value has grown tremendously over the last few years. There's never been a better time to join billion dollars industry!
Here we will explain how this actually works:
The Bitcoin was made by professionals for individuals who want to get involved in bitcoin mining. We believe that everyone should benefit from the mining and be able to have access the newest technologies and large scale industrial data centers from your laptop or mobile phone.
The Bitcoin team has been involved in a mining business. We constantly explore the bitcoin market and we want to share our knowledge with you
We stay informed on the major players in the bitcoin mining space. We constantly monitor new innovations and implement them for you. We choose the most reliable and reputable partners with the best equipment and data centers, what allows us to constantly increase selling capacities while providing our customers with the best opportunities. We ensure our partners provide warranties for their equipment and its maintenance, meaning we will hold them accountable for any disruption to your hosting for mining.
We constantly evaluate new partners in order to provide you with the best speed, capacity and performance.
We cooperate with different mining companies. Our initial supplier of mining power is one of the industry’s leaders .
Why You Should Trust And Work With Bitcoin?
Stable Hashpower 100% Uptime
Mining With - Industry Leader
Instant Deposit Of Coins To Your Account
Legit Mining - All Coins Are New
OUR BITCOIN FARMS
These bitcoin mining farms represent only a fraction of the farms we own. The other bitcoin mining farms are not shown because customer protection and security are a high priority for us. We can only set up video cameras at locations that are not critical and we do so without disclosing sensitive information or critical intellectual property
Bitcoin China Farm China
The world’s largest Ether Mining farm, which is specifically built to support the Ethereum Project: A decentralized platform that runs smart contracts. Cryptocurrency applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.Start Mining
Bitcoin Bangalore Farm Bangalore
This is one of our farms for the primary mining effort: Bitcoin. Most cryptocurrencies work with algorithms that need specially designed hardware for optimal mining performance. In the case of Bitcoin, modern technology is constantly in development. This farm is built with bitcoin farming hardware from our partners.Start Mining
Bitcoin New York Farm New York
A bitcoin mining data center that is processing the X11 algorithm was fundamentally different from other build outs as it was primarily utilizing GPU (Graphics Processing Unit) bitcoin mining hardware rather than ASIC (Application-Specific Integrated Circuit) devices that are used today. Cryptocurrencies that are utilizing the X11 algorithm are Dash and others.Start Mining
WHY USE BITCOIN?
The Bitcoin is the best option available for users who want to mine bitcoin
HOW DOES BITCOIN WORK?
Bitcoin mining has changed. Today, for someone to mine and get the same success
We can only set up video cameras at locations that are not critical and we do so without disclosing information