As we know that Bitcoin is the father of digital currency, As it was invent in 2009 by unknown person named Satoshi Nakamoto. It is a digital payment system. It was released as an open-source software. It is the first decentralized digital currency and it has the largest of its kind in terms of total market value. Here you can see how bitcoin is performing stronger as the year pass.
History of Bitcoin
On August 15, an application for an encryption patent is filed by Vladimir Oksman, Neal Kin and Charles Bry. On August 18, Bitcoin.org is registered at anonymousspeech.com. It allows the user to anonymously register domain names.
On October 31, Satoshi describes the bitcoin currency in white paper and provides a step to prevent the currency from being copied.
On November 9, It is registered as open-source software. On Januar 3, Satoshi generated Bitcoin first block of transaction Block #0, It called the genesis block.
On January 9 First bitcoin version 0.1 is released. On January 12, the First bitcoin currency transaction takes place between Hal Finney and Nakamoto.
In 2010, the Bitcoin market is established with bitcoin as a currency exchange. Florida Programmer Laszlo Hanyecz offered to pay 10,000 BTC for a pizza on the bitcoin forum making the first, real-world transaction.
In 2012, Coinbase, a bitcoin wallet and platform is founded in San Francisco, California. As in 2019, It is a most popular cryptocurrency and it takes attraction of investor to invest in bitcoin and get a huge amount of profits.
What is Bitcoin Mining?
Bitcoin mining is the process of transaction in cryptocurrency or digital currency. In this process record of current bitcoin transactions known as the block is added to the record of past transactions, known as the block chain. This whole process is done by the miner and they are rewarded with a certain number of bitcoin per block. The current rate of reward is 12.5 BTC per block. It takes a maximum 10 minutes to solve the block.
Free Bitcoin Mining Sites and Opportunities in 2019
If you are like to invest in bitcoin or want to mine bitcoin yourself, So you need a huge amount of money to invest in hardware and electricity bills. To overcome this problem, Some companies provides the functionality of cloud mining or pool mining.
Here you can purchase hashing power and contribute your hashing power to mine new bitcoins. And the reward is shared among the participants as per as hashing power is contributed by individuals. This is the best way to mine free bitcoin with a few investments. Such companies also provide affiliate marketing opportunities to earn free bitcoin.
Here you have to do is just register for affiliate program, and share your affiliate link in forums and social media which allows you to share revenue when someone join under you. So let's see some best website which is simple to use, Trustworthy, Reliable and secure.
Free Bitcoin Mining Sites
- Genesis Mining: It is one of the oldest mining company. Which has huge userbase, simple to use and trustworthy? The first block mined by the Nakamoto is genesis. You can join Genesis mining for free from here.
- Free Bitcoin Mining: It is also known as mega-mining. It is the oldest mining company with huge amount of profit. Because It has lowest transaction fees among other bitcoin cloud mining companies. If we talk about reviews, It has positive reviews from the user and online sources. I also recommended it if you are new in bitcoin mining and want to earn free bitcoin with small amount of investment. It also provides affiliate marketing services, If you do not want to invest in bitcoin mining then you can earn free bitcoin by joining mega-mining affiliate program.
- IQ Mining: It is also one of the most popular Bitcoin pool or cloud mining companies. It is secure and trustworthy. Since a long time it establishes and has good user trust. Transaction fees are a little bit high, then also you can gain a huge amount of profit.
- Hashflare: it is a well-known cloud mining provider. It exists since 2014. The main advantage of hashflare is, It offers customizable pool mining solutions. It means, it depends on you that which pool you want to mine in to make bitcoin money. It has transparent fees and commissions. Before you join hashflare, I suggest you check all the detail initially.