Fastest way to get bitcoins

Fastest way to get bitcoins

The first bitcoins were issued by the creator of the system but what is the fastest way to get bitcoins nowadays? Let’s figure it all out from the very beginning. The release of new coins is a programmed process. The “printing press” is included as a result of successful operations by the bitcoins (miners). The essence of their activities is to merge new user transactions into blocks and join these blocks to a common chain. In order to attach a block, the extractor must perform complex mathematical calculations. The one who first connects the block to the chain will receive a reward. Every 4 years the fee is reduced by 2 times (for the first time after the launch of the system it fell on November 28, 2013). At the same time, the system is arranged in such a way that it increases the complexity of computations in parallel with the growth of the total processing power of the miners, so the priority in solving problems belongs to the one with the most powerful equipment.
Mathematically, the system has a total of 21 million – this is the maximum number of bitcoins that can be mined all the time. It is assumed that when the mines run out, the earners will continue to earn commissions for carrying out transactions, because someone will have to answer for the formation of the blocks and adding them to the chain.
The complexity of the calculations that must be made to the miners has grown to the present day so much that it is practically impossible for beginners, mining is not the fastest way to get bitcoins. At first, powerful video cards suited for this purpose, therefore it was possible to “dig a mine” at home. Now, the total processing power of the Bitcoin network is 213.4 ExFlops. If we take the power of a home computer and divide it into this value, which, by the way, is 850 times greater than the combined capacity of the 500 largest supercomputers in the world, then the probability of earning will be obtained. Some companies have created a business from the production of machines for bitcoin mining. For example, TerraMiner IV with four ASIC processors from CoinTerra is offered for $ 5999. But it will take several months to wait, and during this time much can change.
The fastest way to get bitcoins for the ordinary user is to buy them. Either directly from an individual with whom they already have, either on the exchange or in the exchanger. The official Bitcoin site recommends using Blockchain.info, Coinbase and Coinkite services. Exchanges earn on commissions. Typically, they require you to register and enter a lot of personal data, including a phone number, and in some cases even send a photo. Later, the money you have purchased can be transferred to another purse and you can already use it anonymously. And for the purpose of information security, it is desirable to withdraw the cryptocurrency from the exchange as soon as possible, because exchange are tidbits for hackers.
Another fastest way to get bitcoins is to indicate them as a means of payment for the offered goods or services, i.e. receive them instead of “real” money for the sale of their products or services though in Russia this is still problematic due to the fact that bitcoins can not be carried through accounting as a currency.

 



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