Andreas explains why there are some areas where Bitcoins value seems higher than others eg India, Venezuela, Argentina etc
Remember- besides from benefiting directly and indirectly from the technology itself, there are 3 ways you can make money from Bitcoin-
1- Buy & hold:
When Bitcoin is worth $5000 or more it's obvious how expensive it will be to buy fractions of Bitcoin. We price our Mining Contracts in Dollars so whether the Bitcoin price is $1000 or $100 000, you still only need $25 to $10 000 worth of Bitcoin (depending on which package you go for) to start Mining with us
2- Trade (extremely time consuming and risky- have to buy and sell at the right times) and one has to first buy Bitcoin (see above) to get in that game and then be VERY savvy with the choices one makes.
Easy to see how mining, if you are with a large, professional company that has integrity, is a much more cost efficient and lucrative way and does not take up any of your time! The machines work 24/7/365 to produce the Bitcoin for you every single day.
Subscribe to my channel if you got value or at least recommend and share with a friend. The innovation of Decentralized Cryptocurrencies (Especially Bitcoin and Ethereum) needs to be shared with everyone, everywhere.
My other videos-
Lifestyle Galaxy™ (Previously SkillDragon) and Galaxy Mining™ (Previously called Dragon Mine- undergoing the name change to cater for a more global market) our rebranding will be complete within the next month or so and then our new website www.LifeStyleGalaxy.com will be live.
Why should you mine with Galaxy Mine?
✓ Mining Certificates Proving Ownership For Each Equipment Purchase
✓ We are the fastest growing, most secure and most generous cryptocurrency mine in the world. The Mine always under-promises and over-delivers.
✓ Best price value for money in terms of GH/s
✓No electricity costs
✓ Galaxy mine makes bitcoin mining as well as MultiMining™ available for everyone
✓ We use the latest mining equipment to produce bitcoins and other cryptocurrencies, our output is higher than other mines.
✓ Advanced Galaxy MultiMining™ technology (GPU Multi-Cryptocurrency Mining): Mine multiple coins with your GPU hardware equipment under one contract
✓You do not have to worry that your equipment crashes, overheats, goes outdated or has to be reconfigured – Galaxy Mine takes care of everything
✓No Pool- or Cloudmining, YOU own the equipment
✓ Withdraw your coins whenever you like
✓ No limit on the number of contracts
✓ 3 year mining contracts with compounding effect
✓ 100% Of your purchase goes into mining hardware
✓ Our number one goal is to be the most trusted and reliable bitcoin mine in the world
✓ The founder of the company, David Martin, has a strong proven record of integrity, honesty and a shared vision of helping others, Galaxy Mine will be around for a long time and is here to stay!
The manufacturers of the Bitcoin Mining Hardware only want Bitcoin (and rightfully so!) so hence only accept payment for the equipment we use in the form of Bitcoin. If you don't have any Bitcoin yet- go to https://localbitcoins.com/register/ for a free account to get some Bitcoin from a trusted trader on one of the Worlds best known exchanges. Contact me and I will help you through the easy process.
If you already have some Bitcoin you can get involved right away,
★ OPTION A: Join as a Retail Member and start mining (*Once off cost [NB*- no other fees involved] $25 to $500 mining contracts):
★ OPTION B: Become a member of the Value Club (license cost once off of $405), start mining ($500 up to $10 000 mining contracts), refer others and enjoy extra income streams:
Payments have to be done in Bitcoin (except the license with credit card) so you need a bitcoin wallet, it's free (http://www.xapo.com).
What is MultiMining™? Go here-➙https://www.youtube.com/watch?v=GZptbYwlOTs
Choose to mine Bitcoin or MultiMining™ ➙ select the mining contract of your choice ➙ pay with bitcoin ➙ Galaxy Mine buys the hardware from the manufacturer ➙ after 12 days your hardware is installed in our bitcoin mine and you start mining
*For the people who get the "Coming soon" screen: try visiting the site with your phone or another computer to check if that works. Either your country isn't opened yet or the problem is ipv6 related. Go to network center - adapter settings - right mouse click to wireless or LAN-link connection - features - turn off ipv6 and make sure ipv4 is on.
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.