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Earn free Bitcoins

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If you're looking for simple ways to get free bitcoins, you've got tons of options. Whether you're a new bitcoin user looking to get your hands dirty with your first bitcoin wallet, or just looking for additional ways to earn free bitcoin for performing simple tasks, this site contains an up-to-date list of the best free bitcoin websites. Each of the sites below allows you to earn free bitcoin: some by viewing ads, some by answering captcha challenges, and some by doing crowdsourced work. If you're looking to earn some free bitcoin, you came to the right place. Got another site you think would make a good addition to this list? Please post your bitcoin site.

Group created on 28/09/2013 by Bitcoiner

Bitcoin For Beginners

link this post written on 29/09/2013
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Learn How To Mine Bit Coin

 

What is Bitcoin? and How do you mine it? Well, this video will go over Bitcoin mining and show you how to set up Bitcoin Mining Software on your computer. Bitcoin is a digital currency, which is supported by a P2P network of computers across the internet that act as servers to process the financial transactions of this currency. Some believe Bitcoin is a Scam, or Ponzi scheme, but once one understands the concept of Bitcoin, it is clear that it is not. While the uses for Bitcoin are virtually infinite (paying for goods, services, or money laundering, gambling and drug smuggling) it's structure remains concrete and open source. However, the VALUE of each Bitcoin is disputable. In theory, Bitcoin becomes harder and harder to mine, which means it takes more and more energy (electricity for your computer/"mining rig" to run) to process

Bitcoin and solve "Blocks" of data. Therefore, the price of Bitcoin may be related to the price of energy and the cost of maintaining this network. While it is easy to assert that there will be additional computers added to the network daily, which would ease the work load on the initial nodes, one can only speculate that the price of Bitcoin MUST increase over time. Especially when power costs in the foreseeable future will be rising.


Currently, only 21,000,000 Bitcoins can be created, but that I guarantee will rise, as many are hoarding the coins and there just simply wont be enough to go around and not enough work, or transaction data, for the increasing number of miners out there.


Specialized computers and "Mining Rigs" are becoming available from companies such as Butterfly Labs and others, which harness ASIC technology. ASIC means application-specific integrated circuit- so these devices are engineered to mine Bitcoin and only mine Bitcoin. This creates an extremely powerful, and efficient machine, over 100x times more efficient than current setups. These machines are said to be able to mine Bitcoin up to 50 GH/s (if that means anything to you, but it's A LOT) extremely efficiently! More efficient than any desktop computer rig. None of these super computer miners have been shipped/received and it is still extremely uncertain whether these companies are scamming people or not. (I wouldn't PRE-order a $3,000 machine promising me all the money in the world, but many are)


SO - If these machines come to market, they will truly dominate all others and render most other PC's/Rigs worthless. This, I believe will cause a bubble in the Bitcoin financial system, since once the majority of the Bitcoin mining pool can no longer make a worth while profit, they will simply stop mining and the value of the currency will plummet. I don't believe the value of Bitcoin will drop to zero (0), instead I'm forecasting that the value will level with other currencies in the market, most importantly, the USD (US Dollar).
This forecast was made on 5/13/2013

Bitcoin Wallet: http://bitcoin.org/en/choose-your-wallet
GUI Miner: https://bitcointalk.org/

BitCoin Calculator: https://bitclockers.com/calc

Monitor How Many Watts Your Computer Uses:http://www.newegg.com/Product/Product...

MH/s Hardware Comparison: https://en.bitcoin.it/wiki/Comparison.

Free Bitcoin Guides

Anonymous Distributed E-Cash from Bitcoin

Bitcoin: A Peer-to-Peer Electronic Cash System

Quantitative Analysis of the Full Bitcoin Transaction Graph

The MakeUseOf BitCoin Guide

The author has edited this post (on 29/09/2013)
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