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Here’s How Bitcoin Mining Works

Bitcoin Videos

How Bitcoin Mining Works

When Satoshi Nakamoto developed bitcoin he had some big problems to solve. It turns out that mining is a double whamee, solving two of the most troubling aspects of developing a digital currency. Understanding why Satoshi needed mining is fundamental to understanding decentralization and well…bitcoin.

Bitcoin mining is just one of the ways to get free Bitcoins. However, as you’ll learn in this video, the level of computer difficulty to mine Bitcoins is continually rising. When Bitcoin was first introduced, anyone with a computer could successfully mine Bitcoins. Now, however, the difficulty has risen to such a degree that only specially designed computers can profitably mine Bitcoins.

Will Walmart Ever Accept Bitcoin?

Bitcoin Videos

Will Walmart Ever Accept Bitcoin?

This week, the Bitcoin Group, the American Original, for over the last ten seconds, the sharpest satoshis, the best bitcoins, the hardest crypocurrency talk on the topic of the likelihood that Walmart would ever accept Bitcoin as another form of payment. If local organic farmers are accepting Bitcoin, why not the world’s largest retail chain? The day that Walmart announces they will be accepting Bitcoin will be the day that the Bitcoin value goes up many times over.

Featuring Andreas M. Antonopoulos (https://antonopoulos.com), Derrick J. Freeman (https://peacenewsnow.com), Davi Barker (https://www.bitcoinnotbombs.com) and MadBitcoins (https://madbitcoins.com).

How To Create a Bitcoin Wallet at Coinbase

Bitcoin, Bitcoin Videos

How To Create a Bitcoin Wallet at Coinbase

Creating a Bitcoin WalletIf you’re totally new to Bitcoin, you may want to read our article “Why Buy Bitcoin“. If you’ve already decided to get involved in Bitcoin, the first step is to create a Bitcoin wallet. One of our favorite sites to do so is coinbase.com.

Below is a video that will walk you through the steps of creating your own Bitcoin wallet. The process is very, very simple, and can be completed in 60 seconds. The only items you will need is an email address and you’ll have to choose a password. Make sure the password you choose is long, random, and cannot easily be broken.

After your wallet is created, head on over to our free Bitcoin page for a list of sites where you can get some Bitcoin for free. The amounts will be relatively small, but it is a very good way to learn the process of using your wallet.

Before you can start earning free Bitcoins, you need a wallet to send those Bitcoins to. This video shows you how easy it is to create and open a Wallet at coinbase.com. The entire process takes less than 2 minutes, and can be done by even those with little or no internet experience.