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How to use bitcoin

Publish: 2021-03-30 09:55:19
1.

The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system

bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system. Bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network will get a qualified answer about every 10 minutes. Then bitcoin network will generate a certain amount of bitcoin as block reward to reward the person who gets the answer

2.

bitcoin is forbidden to trade in China digital trading is illegal in China. Financial institutions and Payment institutions shall not price procts or services with bitcoin, buy or sell bitcoin or act as central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability, or directly or indirectly provide customers with other services related to bitcoin

all financial institutions, Payment institutions and Internet websites providing bitcoin registration, trading and other services should report to China Anti Money Laundering Monitoring and Analysis Center immediately if they find suspicious transactions related to bitcoin and other virtual commodities, and cooperate with the anti money laundering investigation activities of the people's Bank of China; If any criminal activity clues such as fraud, gambling, money laundering are found using bitcoin, they should report to the public security organ in time

extended data:

prohibit bitcoin related services, including:

1, providing bitcoin registration, trading, clearing, settlement and other services for customers

2. Accept bitcoin or use bitcoin as payment and settlement tool

3. Exchange services between bitcoin and RMB and foreign currency

4. Carry out bitcoin storage, custody, mortgage and other services; Issuing financial procts related to bitcoin

5. Take bitcoin as the investment target of trust, fund, etc< strong>

3. Users can buy bitcoin, and at the same time, they can use computers to do a lot of calculations according to the algorithm to "mine" bitcoin. When users "mine" bitcoin, they need to use the computer to search for 64 bit numbers, and then compete with other gold miners by repeatedly solving puzzles to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, then they will get 25 bitcoins. Due to the decentralized programming of the bitcoin system, only 25 bitcoins can be obtained every 10 minutes. By 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes

warm tips:
1. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
3. The above explanation is for reference only. Investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation

response time: February 5, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
4.

Novice first of all to know how to calculate your cost, recharge, trading, cash, there are fees. At least you can understand the K-line. There are a lot of people on the K-line. You can look at it casually and understand it. You need to be risk aware. Bitcoin is a high-risk and high profit investment. It may double overnight, or BMW may become a bicycle overnight. At the beginning, we suggest a small amount of investment

but it's hard to get bitcoin for indivial mining, so it's basically large-scale mining, and you need to cooperate with the mine pool. So if you still want to make money by mining, at present, the most suitable mining method is cloud mining or mining machine hosting. After all, the era of single person mining is over

5. Usually, in addition to mining, we can also buy bitcoin from exchanges or indivials that own bitcoin
through a brief explanation, I hope you can have a clear understanding of "what is bitcoin" and help investors who have just come into contact with bitcoin to understand the characteristics of bitcoin
in the future trading activities, I believe that you will get more in-depth knowledge of bitcoin and have a clearer and more accurate understanding of what bitcoin is
bitcoin is a virtual digital currency. You can register an account on a professional trading platform and sell or buy bitcoin through advertising. Uto market as a professional bitcoin trading platform, its security, convenience is generally recognized by everyone, the important thing is that the transaction will not charge fees
nowadays, it takes a lot of time and money to raise a girlfriend, a family and a child. I always want to earn more. You can try bitcoin
at present, bitcoin is the mainstream currency, and people's cognition of bitcoin is also higher and higher. Bitcoin has doubled in just three months, which shows that its value has risen from RMB 25000 at the beginning of the year to RMB 80000 at present. It is very important to find a reliable trading platform. The technical team of utomarket has many years of experience in blockchain development, Professional wallet security team, unusual device IP login verification monitoring, wallet withdrawal common IP address monitoring, large amount operation manual audit, to ensure the security of account and wallet funds. Moreover, at present, there is no service charge for the transaction, and the price of bitcoin is more suitable than that of similar platforms, so bitcoin is the best choice for the transaction of virtual currency.
6.

1. Bitcoin by watching video

coinbase, a bitcoin exchange in the United States, launched a project called "coinbase earn" two years ago. You can get various digital currencies by watching some blockchain or bitcoin knowledge videos, and then answering some multiple choice questions. This kind of virtual currency is similar to collecting wool and can earn hundreds of dollars in general. But you have to register as a user first

2. Bitcoin loans earn interest

if you already have some bitcoin, you can earn bitcoin interest by borrowing. You are like a bank, lending your bitcoin to another person at a certain interest rate. Because the market is not regulated, interest rates are usually much higher than standard bank rates, which means there is potential for high returns. But there are also risks. What if the other party doesn't pay you back? Therefore, we need to choose some third-party P2P intermediary platforms to borrow, such as blockfi, NEXO, btcjam, bitbond, etc

3. Get bitcoin by doing tasks

everyone has more or less come into contact with some online earning platforms. You can register an account on the online earning platform, and then do some small tasks to get a few cents' income. These tasks include registering an app account, downloading an app, and so on. Bitcoin can also be obtained by doing tasks, which is the simplest way to get bitcoin. That is to say, the revenue from bitcoin is not much, and it is time-consuming

4. Take bitcoin for watching ads

some websites encourage users to watch ads or click on ads, and then pay users bitcoin as a reward. In fact, this is also a task of the nature of the site, your task is to go to other sites to see advertising or click advertising. At present, the well-known task publishing platform is ads4btc, which allows users to watch ads for 5 seconds, 10 seconds or 20 seconds, and then users earn bitcoin rewards

but the reward is very low. According to the price offered by ads4btc, if you watch ads all day, the income will not exceed $10, so it may not be a feasible choice for most people. Unless there is a cheating machine, it can replace you in advertising

5. Bitcoin faucet

bitcoin faucet is the most popular way to collect wool in coin circle. In December 2010, in order to let more people know and try to use bitcoin, Gavin andresson, member of bitcoin core development team, bought 10000 bitcoins for $50 and created a website called "bitcoin faucet". At that time, as long as you visit this website, you can get five bitcoins for free, which was worth about 5 cents at that time. This has a significant effect on people's acceptance of bitcoin

7. It may also be because it can't stop the development trend and it needs to be decentralized
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