Bitcoin: The Ultimate A - Z Of Profitable Bitcoin Trading & Mining Guide Exposed!
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About this ebook
How does the bitcoin protocol work?
A person cannot mix indefinite bitcoins. The bitcoin protocol states that there will only be twenty-one million bitcoins to be produced by the miners. These bitcoins will then be subdivided into smaller bits. The smallest bit is called ‘satoshi’ named after the bitcoin founder and the divisible amount is one hundred millionth of a bitcoin.
Bitcoin currency is based on mathematical formulas unlike our conventional currency that is based on gold and silver. Mathematics is used to generate or ‘mine’ bitcoins. The software programs containing these mathematical formulas are made available to everyone. This means that anyone can access these formulas to ensure that it serves its purpose.
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Bitcoin - The Blokehead
Bitcoin
The Ultimate A - Z of Profitable Bitcoin Trading
& Mining Guide Exposed!
The Blokehead
Yap Kee Chong
8345 NW 66 ST #B7885
Miami, FL 33166
Digital Edition
Copyright 2014
All Rights reserved. No part of this book may be reproduced or used in any way or form or by any means whether electronic or mechanical, this means that you cannot record or photocopy any material ideas or tips that are provided in this book.
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TABLE OF CONTENTS
Publishers Notes
Chapter 1- What Is BitCoin?
Chapter 2- Where Do BitCoins Come From, And Can I Get Rich By Mining Them?
Chapter 3- How To Mine BitCoins Effectively?
Chapter 4- BitCoin Exchanges
Chapter 5- Capital Gains From BitCoin
Chapter 6- BitCoin Growth And Trends
Chapter 7- BitCoin Speculation And Volatility
Chapter 8- BitCoin And Other Crypto-Currencies
About Us
PUBLISHERS NOTES
Disclaimer
This publication is intended to provide helpful and informative material. It is not intended to diagnose, treat, cure, or prevent any health problem or condition, nor is intended to replace the advice of a physician. No action should be taken solely on the contents of this book. Always consult your physician or qualified health-care professional on any matters regarding your health and before adopting any suggestions in this book or drawing inferences from it.
The author and publisher specifically disclaim all responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, from the use or application of any contents of this book.
Any and all product names referenced within this book are the trademarks of their respective owners. None of these owners have sponsored, authorized, endorsed, or approved this book.
Always read all information provided by the manufacturers’ product labels before using their products. The author and publisher are not responsible for claims made by manufacturers.
Digital Edition 2014
Manufactured in the United States of America
CHAPTER 1- WHAT IS BITCOIN?
Satoshi Nakamoto was the software developer who proposed the use of bitcoins as a payment method. This system was generated with the intention of producing an electronic currency that can be transferred almost instantly with minimal fees for every transaction and one that is autonomous from any central