Bitcoin အေျကာင္း သိေကာင္းစရာ

How Do I Accept Bitcoin

There are several companies that can service your Bitcoin transactions. Websites can add a payment button to their websites or install a shopping cart plugin to an existing shopping cart. In person retailer can use their cell phones to serve as a Point of Sale device. Sending email invoices in a breeze.
With Coinbase, Bitpay and several others, you can accept payment in Bitcoin and have it immediately converted to your currency of choice.
Check out the Bitcoin payment processors to find out which solution would work best for you.
     www.coinbase.com

My Mining Setup

I have recently stopped GPU mining as the network has made it much too difficult for me to mine without the use of ASICs. I invested in several miners from Butterfly Labs and have received the first of my Little Single SCs. The Little Single SC puts out 30 GH/s and currently generates around half a bitcoin per day. I am awaiting delivery for another Little Single SC and Single SC that will bring my combined hashing rate to around 120 GH/s.
I have stopped using my GPU miners as I live in a warm climate with high peak electricity costs, and with my BFL ASIC Setup, it felt like I was spitting into the ocean with GPUs while they are in the shadow of my ASIC setup next to it running 100 times faster than each of my GPUs.
In the past people have compare the price of their electricity being higher than the value of the BTC they mine, and even though the difficulty is constantly rising, I would remind you that there were many people who said they missed the boat on bitcoins and sold all of their hardware while bitcoins were worth less than a dollar. So at the time of this article being written, the bitcoin is worth $100 and you can easily cover the cost of your electricity with an ASIC, many people believe that a single bitcoin has the potential to be worth thousands down the road. Like any investment, there are no guarantees and you shouldn’t invest more than you can afford to lose. I am in for the long haul, and will continue to invest what I can afford.
Good luck and happy mining!

Mine (or) Buy

A big question that is asked by people new to Bitcoin. There are reasons to do both and the answer is dependent on your current setup. Bitcoins have a mining goal in mind and that is to only allow a block to be discovered every 10 minutes. The way that Bitcoin accomplishes this is by increasing the difficulty to find the blocks. With more and more publicity about Bitcoin, more people are mining and blocks are being discovered at a rate faster then every 10 minutes causing the difficulty to increase. So with that in mind, it is now harder then ever before to mine Bitcoins.
First, we’ll cover reasons to mine.
Mining helps secure the bitcoin network. The more people that are actively mining, the harder it is for someone to attack the network. Currently, it would a miracle to perform an attack on the network as there are so many advanced miners, so bitcoin is more secure than ever.
GPU mining is a thing of the past. With several companies releasing devices specifically engineered to mine bitcoins, the difficulty has increased so much that it is impossible to turn a profit with a regular computer setup. If you want to make any money in bitcoin mining, you need an ASIC.
Even with an ASIC, you may still find that the difficulty increases make your miner obsolete. Keep that in mind when and if you decide to invest in an ASIC bitcoin miner.
Bitcoin investment is a great opportunity. There is no minimum amount to buy and right now they are in their infancy. Because of the increasing demand for Bitcoins is increasing they have increased in value exponentially. There is also a possibility of them dropping. It’s speculation, but the base is getting bigger, and because bitcoin has no central authority to issue them any faster, supply cannot keep up with demand, causing them to rise in value.
Right now the best 2 places to buy Bitcoins are:
Bitstamp
Local Bitcoins

Bitcoin အေၾကာင္းေလး ဖက္ျကည္႔ေပးပါ

One of the biggest problems I ran into when I was looking to start mining Bitcoin for investment and profit was most of the sites were written for the advanced user. I am not a professional coder, I have no experience with Ubuntu, Linux and minimal experience with Mac. So, this is for the individual or group that wants to get started the easy way.
First thing you need to do is get a “Bitcoin Wallet”. Because Bitcoin is an internet based currency, you need a place to keep your Bitcoins. Got to http://www.bitcoin.org and download the Bitcoin client for your Operating System. Install it the client will begin to download the blockchain. Downloading the blockchain can take a long time and will be over 6GB of data. If you have data caps, I would recommend ordering a copy of the blockchain on DVD to keep from going over as it is growing exponentially. Click to order the bitcoin blockchain by mail. Once the client is up to date, click “New” to get your wallet address. It will be a long sequence of letters and numbers. One of most important things you can do is make sure you have a copy of the wallet.dat file on a thumb drive and print a copy out and keep it in a safe location. You can view a tutorial on how to create a secure wallet by clicking the link on the top of the page. The reason is that if you computer crashes and you do not have a copy of your wallet.dat file, you will lose all of your Bitcoins. They won’t go to someone else, they will disappear forever. It is like burning cash.
Now that you have a wallet and the client, you are probably roaring to go, but if you actually want to make Bitcoin (money), you probably need to join a pool. A pool is a group that combines their computing power to make more Bitcoins. The reason you shouldn’t go it alone is that Bitcoins are awarded in blocks, usually 50 at a time, and unless you get extremely lucky, you will not be getting any of those coins. In a pool, you are given smaller and easier algorithms to solve and all of your combined work will make you more likely to solve the bigger algorithm and earn Bitcoins that are spread out throughout the pool based on your contribution. Basically, you will make a more consistent amount of Bitcoins and will be more likely to receive a good return on your investment.
The pool that I’m involved in is called Slush’s Pool so I will be giving instructions on how to join there but feel free to look at other options. Follow the link to go to their site and click the “Sign up here” link at the top of their site and follow their step by step instructions. After you have your account set up, you will need to add a “Worker”. Basically, for every miner that you have running, you will need to have a worker ID so the pool can keep track of your contributions.
If you are mining with an ASIC, please go to our Mining with ASICs page. The following will only pertain to GPU miners.
Most of the mining programs out there are pretty complicated to setup and will frustrate your average user. Recently a great program has come out to get the most basic of users started. The program is called GUIMiner. Click the link and download the program (Be careful, some of the ads are set up to look like the file download). Install and run the program and add in your information from Slush’s Pool. Remember that the user name is actually the worker name. The worker name will be your user name, dot, worker ID (username.worker ID) and the password from that worker ID.
Mac users should look into using Astroid
Now that you are set up, you can start mining. If you feel like you want to make more Bitcoins, you might want to invest in mining hardware.
To see how much your current hardware will earn mining Bitcoins, head over to the Bitcoin Profitability Calculator.

USB Driver:

USB Driver:
 Your device's USB drivers are auto installed in Linux, Windows or Mac OS.  In many cases, you already have this driver and your device will be recognized without any pause.  However, if the automatic recognition isn't working, then you may manually download the         USB driver.

Categories: Bitcoin အေျကာင္း သိေကာင္းစရာ