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EagleEye314

Bitcoin Tutorial (Simple & Comprehensive)

EagleEye314
Dec 22nd, 2015
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  1. Hello everyone, today I am here to teach you how to get started in Bitcoin. I will try be as thorough but simple in my tutorial as possible. If you already know what Bitcoin is skip to the asterisk(*) you wish to learn more about. If you need clarification on anything contact me at max.lloyd628@gmail.com or kik at Max_Lloyd.
  2.  
  3. If this tutorial helps please donate at the following address: 1HcJt3z9pzgs5EU2GPUpK6kSgBEyyx8ev
  4.  
  5. ***The links I supply to faucets are called referral links, I get a small boost from each person that a refer, I would very much appreciate the use of these links, however you can also google the services I recommend. These will show you an ad page before bringing you to the page, simply click skip add. https://coinurl.com/index.php?ref=Orwellgeorge99
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  7. *Intro
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  9. Bitcoin (BTC) is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government (making it decentralized). Bitcoin-to-Bitcoin transactions are made by digitally exchanging anonymous, heavily encrypted hash codes across a peer-to-peer (P2P) network. The P2P network monitors and verifies the transfer of Bitcoins between users. Each user's Bitcoins are stored in a program called a digital wallet, which also holds each address the user sends and receives Bitcoins from, as well as a private key known only to the user.
  10. The Bitcoin network is designed to mathematically generate no more than 21 million Bitcoins and the network is set up to regulate itself to deal with inflation. Bitcoins can be spent by initiating a transfer request from a Bitcoin address in the customer's wallet to a Bitcoin address in the vendor's wallet. For future reference 1 Satoshi = .00000001 BTC (one hundred millionth of a bitcoin).
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  12. Always check http://www.badbitcoin.org/thebadlist/ before investing any serious time and or money into a site.
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  14. *Wallets
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  16. The first step of earning Bitcoin is choosing a wallet to use. Wallets are your access to give and receive Bitcoins online. Currently there are three primary services for BTC wallets:
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  18. ~Blockchain (https://blockchain.info/wallet)
  19. -Good for: simplicity
  20. ~Coinbase (https://www.coinbase.com/)
  21. -Good for: exchange rates between traditional currency and BTC, however you cannot request private keys from Coinbase, so you have very little day in security, requires a bank account
  22. ~Xapo (https://xapo.com/)
  23. -Good for: security, comes at the cost of having to supply a large amount of personal information
  24.  
  25. *Acquiring BTC
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  27. There are four primary ways of acquiring Bitcoins. Each has its own advantages and disadvantages depending on the time or financial resources you wish to invest.
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  29. ~Tasks: Such as surveys or other such things, PrizeRebel is the fastest way to earn starter BTC without spending money (PrizeRebel, http://cur.lv/vqm3a)
  30.  
  31. ~Trading: There are many sites in which you can sell things for BTC, I recommend https://bitify.com/.
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  33. ~Mining: Nowadays PC mining does not reward much due to the competitive level BTC mining has risen to, I do not have experiance with this form of earning BTC, however CoinDesk does a fantastic job: http://www.coindesk.com/information/how-bitcoin-mining-works/
  34. --Original Bitcoin Mining Software (https://bitcoin.org/en/download)
  35. --Software Alternatives (http://www.bitcoinx.com/bitcoin-mining-software/)
  36.  
  37. ~Faucets: Payout a small amount of BTC for watching an ad or completing a task, and proving you are human, see *Faucets for links
  38.  
  39. ~Investments: The best way to expand your BTC, better explained in *Investments
  40.  
  41. *Faucets
  42.  
  43. Alright now that we've gotten all the boring stuff out of the way lets earn some BTC! Here are some of the faucets that I use that are high paying or have interesting aspects to them. Contact me with any faucets that you wish to add to this list.
  44.  
  45. ***Note: there has been a problem with the ad service of most faucets recently so claims have been greatly reduced and will go back up over the next month
  46.  
  47. ~Bonus Bitcoin (http://cur.lv/tfhnk) Claim every 15 min, 5% "Bonus" on your last 3 days of tapping. Average claim: ~900 HIGHLY RECOMMENDED
  48. ~Moon Bitcoin (http://cur.lv/tfhnc) You decide when this faucet pays out
  49. ~Bitcoin Zebra (http://cur.lv/vm6lg) Pays up to 3,000 Satoshi every hour, with risk free dice to increase each claim
  50. ~Ultimate Faucet (http://cur.lv/thhka) gives you 66 - 66999 Satoshi every 30 seconds
  51. ~Weekend Bitcoin (http://cur.lv/tg4rr) A high paying faucet that drastically lowers the claim time on weekends
  52. ~Bitcoinker (http://cur.lv/tfhls) Simple faucet pays out every 15 min
  53. ~MinerFarm (http://cur.lv/tfhny) Bitcoin miner simulation game that pays out BTC, takes a long time to get a return
  54. ~CoinAdder (http://cur.lv/tfhq5) A pay to click (PTC) site that pays 50 SAT to stay on a site 15 seconds
  55. ~Prize Rebel (http://cur.lv/vqm3a) This site pays per task completed, allowing you to earn $5 in BTC at a time for filling out surveys and completing tasks HIGHLY RECOMMENDED
  56.  
  57. *Games
  58.  
  59. ~Bitcoin Mining Game (http://cur.lv/uxfq4) Similar to mother load game
  60. ~SatoshiQuix (http://cur.lv/v0j7y)get 1,000 satoshi for taking a one minute quiz
  61.  
  62. *Investments
  63.  
  64. Now that you have some BTC - I would recommend .0001 BTC at least from faucets - lets use it to grow itself. You have to be careful with investment sites, there are as many scams out there as there are legitimate sites. The links below are sites I use and have found to be legitimate:
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  66. ~Magnr (http://cur.lv/vdzuv) monthly interest accrual of 2.35%
  67. ~HashOcean (http://cur.lv/uq600) cloud mining investment site, free 15 KH/s for new users using the link above, you can pull your investment once you have backed a unit and get the hardware sent to your home
  68. ~BitBond (http://cur.lv/tfhbj) BTC loan site, you choose what loans to contribute to
  69. --Unconfirmed/Questionable
  70. ~BitBays (http://cur.lv/ve0bu) claimed 10-12% APR
  71. ~BloomBTC (http://cur.lv/tfh87) site down as of 2/9/16
  72. ~MinuteBTC (http://cur.lv/v5jhp) possible bloom scam
  73. ~BTC-Cloud Mining (http://cur.lv/urdf6) cloud mining site, minimum pay in .0039, really good return, rumored to be a scam, unconfirmed
  74.  
  75. *Conclusion
  76.  
  77. I hope you found this tutorial helpful, as I mentioned earlier if you need any assistance or advice contact me at max.lloyd628@gmail.com or kik at Max_Lloyd. If this tutorial helps please donate at the following address:
  78.  
  79. 1HcJt3z9pzgs5EU2GPUpK6kSgBEyyx8ev
  80.  
  81. Any and all donations are highly appreciated, have a fantastic day!
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