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how do you mine bitcoin

how do you mine bitcoin

How do you mine bitcoin \u00a0(upvote so that more people join and see this answer). I want to be a billionaire \u2014 and like most billionaires, I’d also like to know how they did it. There is no satisfactory answer to this quiz that says how you’ll become a billionaire (though if there were we’d suddenly become all 10,000 of them ), but here is some guidance on what you can do in order to raise your probability of making it …Let’s watch this article about how do you mine bitcoin. If you have any questions please ask them in the comment section.

Why is Bitcoin called gold?

It has been called as digital gold because of it’s underlying properties of: Fixed Supply. Easy to transact. Getting wider adoption. Store of value. Regulated in many countries including the U.S.A., Japan and many others.

What is Bitcoin like?

What you need to understand is Bitcoin is like keeping money with you. Unlike USD, INR or other currencies that you keep in the bank, Bitcoin is different. And you are responsible for buying, selling and securely storing it. For now, let’s discuss point #1 and #2.

How to buy Bitcoins?

1. Exchange from where you can buy Bitcoins: If you are living in a country where you have an official Bitcoin exchange, you don’t need to worry much about buying Bitcoins. You can quickly sign up for these exchanges and transfer money from your bank account to buy Bitcoins.

Can I buy Bitcoins in a country?

If you are living in a country where you have an official Bitcoin exchange, you don’t need to worry much about buying Bitcoins. You can quickly sign up for these exchanges and transfer money from your bank account to buy Bitcoins. Listed below are a few country-wise exchanges from where you can buy Bitcoins:

What countries have no Bitcoin exchanges?

Nigeria: Binance. Japan: Coinmama. Australia: Binance or CoinSpot. South Africa: Luno. However, the problem is for people residing in countries where there are no Bitcoin exchanges and users have no option of transferring funds from their bank accounts to purchase Bitcoins.

How to store Bitcoin after buying?

2. Keeping/Storing your Bitcoin in a secure wallet: After purchasing Bitcoin, you should store it on a secure wallet. If you search online for Bitcoin wallets, you will get plenty of options but you need to be careful with choosing the right one. With many wallets being a fraud, you will end up losing your Bitcoin.

Should I store my Bitcoin in a secure wallet?

Keeping/Storing your Bitcoin in a secure wallet: After purchasing Bitcoin, you should store it on a secure wallet. If you search online for Bitcoin wallets, you will get plenty of options but you need to be careful with choosing the right one. With many wallets being a fraud, you will end up losing your Bitcoin.

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