Thursday, March 10, 2016

How to earn cryptoes on your own

The way of earning your first crypto currency:


There would be three clear methods which could be used to earn bitcoins (BTC) in India.

1. Buy: 
Simply one can buy bitcoins using fiat currency (INR). If you have your wallet setup then you can deposit your money there and convert those money into bitcoin with a very nominal fees.
You can use Unocoin wallet to get a best price.

1 bitcoin (BTC) = 28000 INR (lot of money right!!)



"Satoshi" is the minimum operating value of BTC (฿)


Predefined Values:

1 Satoshi = 0.00000001 ฿
10 Satoshi = 0.00000010 ฿
100 Satoshi = 0.00000100 ฿ = 1 Bit / ╬╝BTC (you-bit)
1,000 Satoshi = 0.00001000 ฿
10,000 Satoshi = 0.00010000 ฿
100,000 Satoshi = 0.00100000 ฿ = 1 mBTC (em-bit)
1,000,000 Satoshi = 0.01000000 ฿ = 1 cBTC (bitcent)
10,000,000 Satoshi = 0.10000000 ฿
100,000,000 Satoshi = 1.00000000 ฿  


2. Faucet: 
A faucet is a one time thing meaning you do it in a time frame and get a reward for doing it all you will need is a proper address wallet if you are doing bit coin Faucets you will use a bit Coin Wallet address and same for other coins Lite, Doge, Dash, Peer etc. You go to the site place your wallet address in and then you do the claim or verify you are human simple task and click reward claim afterwards. This gives you free money. Great if you are just starting out and wanting money free not willing to put money into this but want to build and grow. you can do it this way but it will take time and it is a time thing want it faster anti up and put some money into the works to make money. The choice is yours but no adding money into Faucets this is not where you add money to make more money this is a faucet a free thing you can do to gain more coins for free. Payout is generally within 24-48 hrs. once you reach the threshold amount set by the site.

List of faucets I recommend,

ScanterBox: https://adf.ly/1YCr0X
UltimateFaucet: https://adf.ly/1YCr9U
PremiumFaucet: https://adf.ly/1YCr9U
BitcoinFaucet: https://adf.ly/1YCr9U
Freebitcoin: https://adf.ly/1YCraT
GetBitcoins: https://adf.ly/1YCrgl
SatoshiAddicts: https://adf.ly/1YCrmq
Paytoshi: https://adf.ly/1YCrsg
Freedoge: https://adf.ly/1YCryF
MoonDoge: https://adf.ly/1YCs34
FieldLitecoin: https://adf.ly/1YCs6e
FieldBitcoins: https://adf.ly/1YCsJe
FreeBitco: https://adf.ly/1YCsOq

There would be many more faucets available for every coin. You can find it by googling it.


 3. Mining: 
Mining is a neat way of making coin, mostly mining requires you to have a fast graphics card and cpu with lot of electricity. But the concept of cloud minning has changed  the scenario. Cashing out the coin is the only matter here if you reach the target goal.

You have to join under my referral cause mining solo is not profitable. Do it in a pool. When you buy mining power as i will give you 25% reward on every amount you buy mining power. Joining without a upline in this mine is cutting your own throat.


Mining is a long term investment plan. Not like you invest today and tomorrow you get profit. But you have wait until u get it. And when you get it there would be nothing like that. We indians invest money in many things like insurance policies, equity market etc. But here it is really safe, risk free and not that long you have to wait like insurance. Say you invest 10000 INR and wait till one year. This system would pay you back 10000 INR every month then on.

Too good to be true!!!

Try it .. and see it!!!
  

Please join under me to start earning coins right now:


Few very good cloud mining sites who pays genuine:

A. CLDMine

join here: 

CLDMine signup

Join CLD Mine and you get 1500 dogecoin free to start mining.. and everyday 10 dogecoin free.. break-even in 3 months. So if you deposit some coins you get those back within 3 months. After that you earn profits only.






B. Topmine.IO

Join here:

Topmine signup

Join topmine which is another free cloud mining site. Best thing is you get 5 free teraX mining power to start mining immediately after joining and get 10 dogecoins everyday to increase mining power.. you can mine bitcoin, litecoin, dogecoin and also US doller here...
ROI time is similar with CLDMine.





C. Eobot

Join here:

EOBOT signup 

Join Eobot cloud mining and start mining with 1 free dogecoin. Win everyday eobot faucet and claim your free mining power with everyday's 1 dogecoin while loging in. Start earning immediately with any currencies such as bitcoin, dogecoin, namecoin, peercoin, blackcoin, dash coin, reddcoin, litecoin, cloud folding etc... ROI is also similar with other two sites....





 D. Bitzfree:

Join here:

Bitzfree signup



It is a free bitcoin cloud mining site without any investment. With signing up you get 20 Ghash/S free mining power. You can start mining with double mining speed. It is a fun site. You can hack other people mining power to enhance yours. If you mine here regularly for 2 months without any investment. You start getting payouts in 3-4 days interval. 

good na!!! 





Enjoy your Bitcoin earning. 
More topics to come soon.


If you have any questions you can ask me through my blog.

How to work with cryptoes


Being an Indian I faced real trouble regarding Bitcoin transactions since there was no guide regarding that. So I will tell you how to buy/sell or send/receive bitcoin in INDIA smoothly.

Most reliable bitcoin wallets in India are,

1. Unocoin
2. Zebpay mobile wallet
3. Localbitcoins

Wallets are required since bitcoins are like cash (internet cash).

Steps:

1. Signup for wallet
2. Get your unique bitcoin address
3. send or receive bitcoins using this address
4. you can buy bitcoins using your wallet by depositing your indian money to the wallet.

Mostly this deposit of money is performed using NEFT/RTGS/IMPS from your bank account to your wallet account.

I personally found Unocoin provides very good services.
If money is being deposited using NEFT, unocoin wallet shows your money within 2-3 hrs. Bitcoin can be purchased within minutes.
Unocoin also provide the best rate for your bitcoin purchase.

Unocoin dashboard looks like this..



INR can be deposited by sending money to their HDFC A/c


Bitcoin can be purchased using INR deposited.



You can signup in unocoin using this link

All other sites are also at per.

CryptoCurrencies Scenario in INDIA

Since mostly used crypto is Bitcoin (BTC)..
So now on we will use bitcoin and crytocurrencies synonymously ...

Advantages:

1.Payment freedom: no limits
2.Low fees: no or extreme small fees
3.Secure: secure, irreversible and do not contain user information
4.Transparent: all information about Bitcoin money is available on block chain

Disadvantages:

1.Degree of acceptance: less awareness
3.Ongoing development: not mature yet


Legality issues

Many discussions are going on around the world, among financial regulators about how to integrate this currency with formal currency. Some countries have banned the Bitcoin transactions and some countries have welcomed it. The list of countries in this regard can be found here. However, many supporter of Bitcoin put the forth the view that, “it’s the money, and money has always been used for good purposed and bad purposes.”

Indian Scenario

Since Bitcoin is not a fiat currency with legal tender status under any jurisdiction, but the tax liability comes regardless of the medium used for transaction. In India, however, the press release by RBI, Bitcoin transactions are not authorized central bank or monetary authority. RBI, in the same press release has cautioned the traders and users about the security risks and issues that may arise. Technically speaking, Bitcoin is a computer program. The Indian CopyRight Act defines computer program as, ‘a set of instructions expressed in words, codes, schemes or in any other form, including a machine readable medium, capable of causing a computer to perform a particular task or achieve a particular result.’ If we read point #3 Bitcoin working, it can be observed that it a computer program as per the definition. There is another support to Bitcoin; as per Forward Contracts (Regulation) Act, 1952, goods is ‘every kind of movable property other than actionable claims, money and securities.’ So Bitcoin may be defined as goods.

Following can be the concerns about Bitcoin in India.

1. Mining: Bitcoin mining seems like making our own computer program or writing a software code. Since, writing the software code is not a legal offence, hence, Bitcoin mining doesn’t look illegal.

2. Bitcoin transaction India: If Bitcoins transactions are done by the Indian, with the Indian in exchange of Indian Rupees then it would fall under Sale of Goods Act, according to Pranesh Prakash.

3. Transactions where Bitcoin recipient is in India but sender isn’t: Since, Bitcoin can be seen as computer program, this transaction may come under import of computer programs and will be liable to customs duty. However, if import of this ‘computer program’ is done via internet (like downloading the paid software), it doesn’t have to pay import duty since no physical shipment involved.

4. Transaction outside India, but in exchange of Indian Rupees:  Situation discusses above will also be applicable for person buying Bitcoins from online exchange based outside India. In Pranesh Prakash’s words, ‘ This situation would also be applicable to any person buying Bitcoins from an online exchange based outside India. The only documentation that would be required for buying Bitcoins from an online exchange abroad would be that which the bank may insist upon for exchanging Indian rupees into a foreign currency and then transferring it to an overseas account. This documentation would involve filing of Form A-1 if the total value of the money being exchanged is greater than USD 5,000.’

For more details please visit these sites,

link 1
link 2

Details about cryptoes

What is CryptoCurrencies:


A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative.

To know detail about cryptoes please visit this link

List of cryptocurrencies


The most relevant cryptocurrencies are:

Bitcoin: Bitcoin is an easy pick. It was the first cryptocurrency, it has the highest market cap, it’s coins are worth the most (about $440 USD as of Feb 2016), it’s the most familiar and invested-in coin, it’s a lot of things… primarily Bitcoin is the reason anyone is talking about cryptocurrency in the first place. You might not want to start a CPU-based Bitcoin mining company in 2016 or start buying coins for $440 a pop… but it’s still going to take 1st place on our list.

Litecoin: Litecoin is probably the second most important digital coin. It has the third-highest market cap as of June 2015, CPU mining is still sort of possible, people know what a Litecoin is, it uses essentially the same technology of Bitcoin, and it is worth about 1/100th of what a Bitcoin is on a good day. Really, a Litecoin is a lot like a Bitcoin before the whole ‘Silk Road‘ controversy, or as some people would say “a Litecoin is like a Bitcoin except with the value a reasonable person would expect a digital coin to have in a rational market… ie between $1 – $10 USD.”.

Dogecoin: Dogecoin (like the “Doge” internet meme about a dog and misspelling) has the 7th highest Market cap as of June 2015, individual coins aren’t worth as much as other coins on the list but it’s value and popularity have remained steady. Dogecoin essentially uses the same technology as Bitcoin (with a few important technical distinctions to be fair). Like the failed Coinye West, Dogecoin was just in it for the lolz (ie it was created as a joke), but unlike Coinye, Dogecoin became inexplicably popular. Why do we suggest a joke coin? Because it’s a popular coin and today the only funny part about it is the name (and it’s mascot / backstory). Really, it’s a lot like Litecoin — a fairly priced coin with some consumer confidence as of 2015. Dogecoin has turned their comedic origins into an excuse to make their coin “fun and friendly”, which was a smart long-term move. It’s also one of the only major cryptocurrencies with a .com Top-Level Domain name and is one of the few that attempts to reach an audience outside of techies and cryptography nerds.

Namecoin: Ok really, really, Namecoin is almost exactly the same is Bitcoin. It was the first “fork” of the Bitcoin software (ie. it’s based on Bitcoin and has the same unit cap, but has a few  tweaks as to how data is stored). Namecoin was originally just going to be an upgrade to Bitcoin, but people were nervous that it would pose issues. So Namecoin is basically Bitcoin, but like everything not-Bitcoin is worth just a fraction of Bitcoin. It’s solid background and reasonable price point make it a relatively good coin to invest in.

Darkcoin (Dash): Darkcoin, known as Dash (dash=digital cash) but previously known as XCoin, is the most unique (functionality-wise) of the coins we have discussed so far. XCoin was developed by Evan Duffield who wanted to improve on Bitcoin but didn’t have the pull to do so and thus developed his own coin. Essentially, it uses less power to mine Dash than most coins. Using less energy to mine is important because mining coins is one of the most wasteful processes you can imagine. The wasteful mining process key to security and stability of all coins that use a “proof-of-work” system (it prevents people from mining too fast), but environmentally, it’s kind of a nightmare. Anyway, people know what a Darkcoin is… hopefully this familiarity rolls over to Dash. Currently Dash can be exchanged for about $3.50 – $5.00 making it one of the more valuable coins in circulation.

NextCoin: Not only does this nifty coin sport the name of Steve Job’s other company (ish), it actually uses a really cool and totally different algorithm for producing coins. This algorithm – an implementation of a proof-of-stake scheme rather than proof-of-work – is arguably less burdensome on the environment and has long-term potential. It may be worth a tad less than the other coins we recommend being worth about a penny on the dollar on a good day, but less cost per coin means you have less to lose if the coin value deflates.


Peercoin: Like Nxt, Peercoin (abbreviated PPC) uses a proof-of-stake system; in fact, it was the first proof-of-stake coin. It’s worth about few USD and has a market cap of almost ten million. This coin has everything going for it and is a fairly smart bet as far as cryptocurrency goes. As an added bonus to confidence and quality behind the coin Peercoin was developed by Sunny King. Sunny King is maybe-ish the guy who created Bitcoin, or this other coin, or maybe Bruce Wayne or Clark Kent or something… It’s hard to tell as the culture of cryptocurrency puts importance on peer-to-peer, code, and coin over developers. Still he is important and like-it-or-not little things like this could be the deciding factor between a coin sinking or swimming in the new market.


to know more about other currencies please visit this link



Few important links where cryptocurrencies could be converted from one to another or exchanged with USD, EUR, GBP etc. are



C-CEX: link
BTC-E: link