Interesting Facts about Bitcoin - TeknoDate
Interesting Facts about Bitcoin

Interesting Facts about Bitcoin

What is bitcoin?

According to Wikipedia Bitcoin is electronic money created in 2009 by Satoshi Nakamoto. The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the United States Treasury calls bitcoin a decentralized currency.

Bitcoin is now the most popular digital currency on the internet, almost all internet users in the world know what bitcoin is. Seeing the increasing potential of bitcoin prices

Bitcoin function

Like other currencies, Bitcoin itself can be used as a legitimate exchange of buying and selling. But not all traders accept bitcoin as payment, because there are still many who are unfamiliar with bitcoin.

Aside from being a means of payment, bitcoin is now widely used to invest as well as investing in foreign currencies, gold or property. Because now bitcoin has been listed as stock in many exchanges, so there are not a few stockbrokers who buy and sell bitcoin as their stock assets.

How to get Bitcoin?

There are several ways if you want to get bitcoin, including the following:

1. Buy and Sell Bitcoin

As I said before, bitcoin can be bought and sold. We can buy bitcoin on the stock market at a cheap price and sell it when the price is higher than the purchase price.

In my personal opinion, playing bitcoin shares is simpler and easier compared to another stock trading. We do not need to be required to be able to analyze shares like presidential traders. Can know when you can buy and when you can sell bitcoin profitably enough is enough for you to play bitcoin shares.

2. Mining Bitcoin

Maybe now it's quite late for us lay people who want to mine bitcoin.

Simply put, mining bitcoin can use our computer, especially using a CPU (Central Processing Unit) and GPU (Graphics Processing Unit). But because the bitcoin difficulty level is already very high, it will take a very long time to get 1 bitcoin coin.

People on the outside intentionally make and use GPUs that have special specifications, namely ASIC (Application-Specific Integrated Circuit) in which it is a bitcoin miner.

Most of the GPUs they use are high-specification, the higher the specifications, the higher the Hashrate (Hs) will be generated to mine bitcoin. Therefore people compete to make and modify their computer's GPU to mine bitcoin.

3. Selling online

And maybe the last choice is very easy, but it also takes a lot of effort to do it. Because this way actually anyone can do it. Yes, buying and selling goods online.

Lots of our friends who have online stores and don't accept bitcoin payments. Because, with bitcoin, we are made easier on payment problems, especially across countries. Because one of the advantages of bitcoin is that it can be used wherever the country is.

In addition, many friends who sell online assume that payment using bitcoin is an investment. Because if the prices of the items they sell are adjusted to the price of bitcoin at that time, and when the price of bitcoin rises they will be happy to sell it so that their income is more profitable.

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