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BitCoin, ...Nice to meet you!

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It is time for you to sell all the plug-ins that you have developed for Joomla or for wordpress, or just that service you developed on the internet to rent personal cars, ..and yes finally get that money for all the hard work in which you invested many hours, many months or even many years!!. Time to open a paypal account, or to setup a payment system for credit cards or ,,,why don't you just trade your merchandise for bitCoins??

Most surely you have heard about this digital-only currency that's lately gotten a lot of public attention. Just check some news happening last week:

What is it?

Bitcoin is a decentralized, anonymous and digital currency created on 2009 by a developer with the pseudonym "Satoshi Nakamoto" and based on a peer to peer network infraestructure which makes this coin special, ...as it has no central bank or central organization just because it is of no need..

BitCoin Miners

..wait a minute, if there is no central bank, who or what creates this special digital coins??. Here it is the tricky part, the money supply is automated and given to servers called "bitcoin miners" that confirm bitcoin transactions as they add them to a decentralized and archived transaction log approximately every 10 minutes. The Bitcoin system is decentralized and programmed to generate a fixed number of Bitcoins per unit of computing time. Currently, it's set at 25 Bitcoins for every 10-minute block.

Who are these "bitcoins miners?? You could be one!!!. Yooohoooo!!. are you ready to hunt for gold??...You do this by using your computer to hunt for 64-digit numbers. By having your computer repeatedly solve puzzles, you're competing with other miners to generate the number that the Bitcoin network is looking for. If your computer generates it, you receive 25 Bitcoins. If you want to become a BitCoin Miner take a look at this article:

Absolute Beginner’s Guide To GPU Mining Bitcoin

What is the value of a BitCoin?

Every single day the value of bitcoin changes, and lately it has gone really crazy!!. You can see the changes in this graph for a year period:

and right now, April 8 00:30, 1 bitCoin is worth:

You can check the currency exchange rates at preev.com.

Where can I exchange my bitCoins??

The most well known and secure place to do it is MTGox. There are many others, but please be careful as many fraud companies appear and disappear to make money thanks to the lack of awareness of some BitCoin newcomers!!.

Where can I Buy Stuff??

Just a few business are accepting bitCoins right now, ..something that happen to paypal in the early beginnings, but it is true that until this type of currency is not stable I doubt that amazon, ebay, walmart or any big store will accept it.

Here you have some online sites where you can spend your virtual coins:

So are you ready to get paid in BitCoins or still thinking going with a more popular tangible currency??. My answer still is USD, EUR, GBP, you name it, ..but bitcoins still sound a hit or miss. Take a look at the bitcoins stats once in a while to check what is going on with the decentralized, anonymous, digital-only currency:

Real Time BitCoin

Is still have doubts about what BitCoins are just take a look at this interesting links:

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