My Bitcoin Mining Experience

A lot of Bitcoin users love the currency, but if you need to use some of it in the real world, there are generally speaking a ton of hoops, as well as long wait times. For instance, a normal workflow would be: Transfer Bitcoin to exchange Exchange Bitcoin to local currency (USD, CAD, etc) Wire the currency to a third party service Transfer to bank So there is a lot of room for improvement here. Bitcoin Debit Card You've likely heard of these, especially if you've been in cryptocurrency for a while but they are actually pretty great to have. I use WageCan  and haven't had one bad experience so far. I want to outline the positives and negatives of these kinds of services (but specifically WageCan ). Pros Use your bitcoin for everyday purchases. Withdraw money from ATMs. Bitcoin you leave in your wallet earns 0.009% interest every day. Cheap debit card Cons Transaction fees Depending on the card you may need to wait a short period...

If you've read some or any of my posts, you know that I like bitcoin and cryptocurrencies for what they are capable of and the concepts behind them. I'd love to see them dominate trades in the real world and squeeze out country regulated money, but as I say this I'm reluctant to think that will actually happen. Bitcoin has some of the greatest people I've met, but also a large amount of scum and scammers. If we want the currency( or currencies) to go anywhere, and truly become the first universal, multi-nation currency, how can our base-line of users be garbage. In the bitcoin community I rarely trust any one company or person (with the exception of Bitmain and GAW perhaps). The community that runs these scams and ponzi's and what not, are in my opinion, shattering the strength of the community as well as the want for any new comers to join the community. I believe that this technology is in a playground phase, we're aware of it's potential but we...

Money Transfers A big reason is money transfers. Look at any comparable money transfer site, or even your banks fee chart/table. For a much smaller fee I guarantee you transferring money as bitcoin is no where close to the fee that you're currently paying. If you've never tired this, please do, save some money, and support bitcoin in tandem with your local currency. Think of using bitcoin similar to using e-transfer from one bank to another to bring it into terms of everyday people and bank users, it's not so complicated. Merchant / Company Adoption Just as you might think, companies and businesses have began accepting and using bitcoin day to day, this means the customers are able to pay with bitcoin. When customers gain the ability to pay with bitcoin it becomes more of a priority to pay with it as opposed to USD or any other local currency.  Some large scale companies that have started their acceptance of bitcoin are Amazon, Newegg, and TigerDirect. Ke...

Bitcoin nodes are in essence computers that check and keep up to date on bitcoin transactions. A node helps process and confirm transactions in the bitcoin network, which theoretically, means the more nodes in the network the quicker your transactions get confirmed. To do this is actually very simple! Download bitcoin core Install it Allow it to update (This may take some time, so please be patient) Open port 8333 in your router/modem settings While you wait for your install to update the entire blockchain, go ahead and go into your router settings to open up the port. This can take a minute if you're not very tech savvy. Try going to  http://192.168.0.1/ , this should bring you to your router, try logging in (generic credentials user:admin password:admin). Once you're in you should be able to navigate to something along the lines of "Forwarding" and then you should need to add a new port to allow. Add port 8333, for all protocols and that's it! ...