Cryptocurrency OR Digital currency
A cryptocurrency is a digital or virtual currency that uses cryptography for security and to control the creation of additional units, and to verify the transfer of assets
A defining feature of a cryptocurrency, it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
Bitcoin
Bitcoin is a cryptocurrency or digital currency. It is the first decentralized digital currency and first digital currencies to use peer-to-peer technology to facilitate instant payments.
Get your Bitcoin
After you open bitcoin wallet you can get your Bitcoin buy Bitcoin form sites like coinbase or by mining. remember you have to open bitcoin wallet first
Mining
Mining Hardware
At first, miners used their central processing unit (CPU) to mine, but soon this wasn't fast enough and it bogged down the system resources of the host computer. Miners quickly moved on to using the graphical processing unit (GPU) in computer graphics cards because they were able to hash data 50 to 100 times faster and consumed much less power per unit of work.
Cloud Mining
Cloud mining or cloud hashing enables users to purchase mining capacity that of hardware in data centres.Bitcoin cloud mining enables people to earn Bitcoins without bitcoin mining hardware, bitcoin mining software, electricity, bandwidth or other offline issues.Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin mining hardware placed in remote data centres.Then all Bitcoin mining is done remotely in the cloud. This enables the owners to not deal with any of the hassles usually encountered when mining bitcoins such as electricity, hosting issues, heat, installation or upkeep trouble.
Bitcoin Wallets
A Bitcoin wallet is analogous to your bank account. You use a Bitcoin wallet to store, send and receive Bitcoins. In particular, a Bitcoin wallet stores the private keys and public keys. The public key is used to send/receive money and the private key is what actually gives you access to your account.
4 Different Types of Bitcoin Wallets
Desktop wallets
If you have already installed the original bitcoin client (Bitcoin Core), then you are running a wallet, but may not even know it. In addition to relaying transactions on the network, this software also enables you to create a bitcoin address for sending and receiving the virtual currency, and to store the private key for it.
There are other desktop wallets too, all with different features. MultiBit runs on Windows, Mac OSX, and Linux. Hive is an OS X-based wallet with some unique features, including an app store that connects directly to bitcoin services.
Some desktop wallets are tailored for enhanced security: Armory falls into this category.
Mobile wallets
Desktop-based wallets are all very well, but they aren't very useful if you are out on the street, trying to pay for something in a physical store. This is where a mobile wallet comes in handy. Running as an app on your smartphone, the wallet can store the private keys for your bitcoin addresses, and enable you to pay for things directly with your phone.
In some cases, a bitcoin wallet will even take advantage of a smartphone’s near-field communication (NFC) feature, enabling you to tap the phone against a reader and pay with bitcoins without having to enter any information at all.
Examples of mobile wallets include the Android-based Bitcoin wallet, Mycelium, Xapo and Blockchain
Online wallets
Web-based wallets store your private keys online, on a computer controlled by someone else and connected to the Internet. Several such online services are available, and some of them link to mobile and desktop wallets, replicating your addresses between different devices that you own.
One advantage of web-based wallets is that you can access them from anywhere, regardless of which device you are using. However, they also have one major disadvantage: unless implemented correctly, they can put the organisation running the website in charge of your private keys – essentially taking your bitcoins out of your control.
Examples of Online wallets Coinbase, Blockchain and Xapo
Hardware wallets
Hardware wallets are currently very limited in number. These are dedicated devices that can hold private keys electronically and facilitate payments.
What is Hot Wallet and Cold Wallet
A Hot Wallet in Bitcoin refers to any kind of online storage wallet. Hot storage wallets can be accessible from anywhere from a web portal. These kind of wallet are usually not recommended because the wallet is stored online, which makes it susceptible to hacking.
On the other hand, any type of wallet which is stored offline is termed as Cold Wallet. These kind of wallets are more secure, as they are stored physically and hackers do not have any access to them.
How secure my wallet
Encrypt it
One way to protect your wallet from prying eyes is to encrypt it with a strong password. This makes it difficult to access your wallet, but not impossible. If your computer is compromised by malware, thieves could log your keystrokes to find your password.
Back it up
If you have your private keys stored in one wallet, but you mislay that wallet or it gets corrupted, you will lose your keys. Backing up your wallet makes a copy of your private keys, but it's important to back up your whole wallet. Some addresses are used to store change from transactions, and may not be shown to you by default. Back up the whole wallet in several different places, and keep them safe from prying eyes.
Use multisig
The number of services which support multi-signature transactions is increasing. Multi-signature addresses allow multiple parties to partially seed an address with a public key. When someone wants to spend some of the bitcoins, they need some of these people to sign their transaction in addition to themselves. The required number of signatures is agreed at the start when people create the address.
Since multiple signatures are needed before funds can be spent, the additional signatures could come from, say, a business partner, your significant other, or even from a second device which you own, to add a second factor to spending your coins.
Take it offline
If you are too nervous to store your bitcoin keys digitally, for fear that they may be stolen by hackers, there is another option: ‘cold storage’. Cold storage wallets store private bitcoin keys offline, so that they can’t be stolen by someone else on the Internet.
It’s a good idea to use cold storage for the bulk of your bitcoin fortune, and transfer just a little to separate bitcoin addresses in a ‘hot’ wallet with an Internet connection, making it easy to spend. That way, even if your mobile phone is lost, or the hot wallet on your notebook PC is erased during a hard drive crash, only a small amount of bitcoin cash is at risk.
Many software bitcoin wallets feature a cold storage option. Or, you could go completely analogue, and simply use paper wallets for offline storage.
Cryptocurrency Price Today
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How to create coinbase account
Click here to go to the website
Click sign up
Write your email and create your password to sign up
go to your email to verify your account
sign your name and click accept
To get an address for your wallet, press
after that
To create a new wallet address, click
How mining and open account in MinerGate site
Mining by using a computer (Hardware mining)
click here to go to the website
Click sign up
Write your email and create your password to sign up
Go to Dashboard and send activation email to activate your
After activation, go to Download Tab and Download mining program.
You can download mining software for various operating systems such as Mac or Linux or Windows
After downloading the mining program, install it, run it, and log in with the email and password you used to register on the site
Wallet: Your wallet is in the mining program
Smart mining: Themining program will choose the appropriate currency for your machine's possibilities and start mining. Determine the number of core used for mining. Not all of them use only one or two core so as not to overload your computer
Mining: Here you choose the currency you want to mining
Benchmark: Measure your device
Achievements: A set of grades that we get through currency mining and when you get all the ranks you will get a gift from the site
As you can see, you can choose the currency and the number of CPU cores
How mining and open account in genesis-mining site
Mining by using Cloud Mining
click here to go to the website
click start mining now
Write your email and create your password to sign up
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Purchase plans from the site
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payouts
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My account, where you find an editable list on the two persons file and a list of the referral program, followed by a list of what you ordered from the purchases, followed by the last of the site's correspondence
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List to enter the purchase of the site, and have 3 plans
As you see there are 3 investment plans, invest in the plan that suits you
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The first plan is a plan to invest in mining machinery for life
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The second plan is an investment plan for one year The plan is also for one year
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Third Plan The plan is also for one year
After you choose investment plan
All you need is to set the value by dragging the cursor to the right as in the image
After selecting the Hash Power you want, immediately choose how you will pay for what you bought. The site accepts payment by bank cards or via Wi-Fi or pay by Bitcoin, Dash, Litecoin or Dogecoin
