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What is Bitcoin?

Diangson Louie April 13, 2013 · 1 min read

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Narinig mo na ba tungkol sa Bitcoin noong kamakailan? Kung ganun ang kaso, maaaring nagtanong ka na rin ng tanong sa itaas. Kung ikaw ay bagong dumating tulad ko, narito ang isang grapikal na paliwanag kung ano ang Bitcoin at paano ito gumagana.

bitcoin

Upang magsimula, ang Bitcoin ay isang online na digital na pera na ipinakilala noong 2009. Kilala rin ito bilang "Gold for nerds" at iba ito mula sa PayPal dahil hindi ito sinusuportahan ng opisyal na pera. Ang Bitcoin ay sarili nitong currency na hindi pinamamahalaan ng anumang gobyerno o sentral na awtoridad. Manood ng video sa ibaba upang mas mapalawak ang iyong kaalaman.

Infografiko na Paliwanag tungkol sa Bitcoin

Nagkakaroon ng maraming ingay ang Bitcoin ngayon na nakakuha ito ng pansin mula sa sektor ng pananalapi, mga mananakop at venture capitalists dahil sa mataas nitong volatiliti. Sa kasalukuyang pagkakataon, 1 Bitcoin (BTC) ay katumbas ng $117 US. (Nasa pinakamataas na antas nito na $266 noong nakaraang Miyerkules) Gayunpaman, habang ang proseso ng pagkuha at paghawak ng BTC transactions ay ligtas, ang indibidwal na mga wallet at exchanges ay nananatiling madaling mabiktima sa mga hack attacks. Ang tanong kung magiging isang viable na currency ang Bitcoin sa hinaharap o hindi ay nananatiling hindi pa malaman.

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Diangson Louie

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This article was written by Louie Diangson, Managing Editor of YugaTech. You can follow him at @John_Louie.

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46 Comments

James Hermantes · 9 years ago

I buy Bitcoins and trade on Paxful

They have Escrow and 24/7 support & Moderators as well.
They have guides on how to buy bitcoin as well.

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bitcoin day trading · 12 years ago

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pagari · 13 years ago

yeah, buying chips is the way to go. not really worried about bfl, even if they get their sh*t together they will ot be able to ship all those units on their promised dates. if i get a rig in early august i think i can still make money.

jeprokz · 13 years ago

yup… the batch 3 price range about 780btc but its already sold out now they are selling chips only for those who want to make DiY rigs. im waiting for my 2nd rig this coming june-july 60gh/s bfl single sc luckily i ordered it before they changed the price from $1,299 to $2,499 and they nerf the hashing speed to 50gh/s :p

pagari · 13 years ago

wow. so you’re killing it right now huh? how much btc per day? you must have made your money back on that avalon asic by now. all profit from now on? hehe do you mine on your own or pool mining? your so lucky since by the time batch 2 and 3 ship the difficulty is gonna rise and it will be much much harder to mine. spike will probably come middle of the year when all the avalon’s are shipped together with the chips they are selling right now. as of last count i think the projected number is 490,000 chips? so avalon, bfl, bitfountain, asicminer that’s a lot of asic machines out there man. do you still think mining will be profitable? i can’t decide which way to go, bfl or a diy rig. but since bfl hasn’t shipped anything, i’m leaning towards going with a diy rig.

jeprokz · 13 years ago

solo mining since mataas naman hashing rate ko hehe…but sometimes im connecting to btcguild

as of now my current speculation is once lumabas mga BFLs super duper very hard na ang difficulties of mining bitcoins expected network hash rate will be 250TH-350TH/s maybe nasa 19m difficulty na.kulang isang araw para makumpleto 0.00001btc hehe but for now kung kaya mo mag DiY naman pede ka bumili ng chips sa mga developers sa zefir sa bitcointalk nag purchase ng 10k chips ngayon binebenta nya ng mas mura hehehe

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jeprokz · 13 years ago

im surprise nobody knows about bitcoins for 4 years?haha (im lucky) i’ve been mining bitcoins since it started in 2009 and i’ve bought some mining rigs like avalon asic ( first mining rig to be release as of now)
and the highest bitcoin exchange rate ive ever deal is $266/btc! easy money :)

if you want to know more and invest in bitcoin just send me an email i will help you

Mr A · 13 years ago

Are you living in the country? How much do you pay for power and what is the ROI between the Rig and the operational expense?

jeprokz · 13 years ago

im working here in riyadh free electricity my mining rig hashing speed is 68GH/s max this is what i received last 3 months before the bubbles pop

http://bit.ly/139Q6Qw

pagari · 13 years ago

whoa. do you have your avalon asic in hand? mining with it now? missed it by hours, really wanted one. was priced out on batch 2 and 3.

jeprokz · 13 years ago

crankiz_under8d · 13 years ago

sir interested me sa bitcoin mining.. nasa riyadh din me right now eh.. where do i start? give me some tips master… here’s my email cr****@yahoo.com.. ill wait for ur response thnkx

bahmak · 12 years ago

hi jeprokz,
I am a bit lucky that I started trading bitcoin late 2012. Back then lots of my friends think I’m crazy…now ako natatawa sa kanila dahil
gusto ng balato or maghiram. They knew million(php) ang kita. I know nothing about hardware but in terms of trading di pa ako natalo, “buy low sell high” lang ginagawa ko. I have business proposition sayo about sa litecoin here sa United Kingdom. If you are interested please contact [bahmak2004 @ gmail.com]

Iyan Sommerset · 13 years ago

Nice and scary thing about bitcoins is that you can use them for anonymous online transactions – buying drugs, illegal shit, etc.

crankiz_under8d · 13 years ago

it is already been used buying drug…

anOnymous · 13 years ago

I want BitCoiN

kaninglamig · 13 years ago

I’yeah ive been hearing a lot about these Bitcoin. I’m just wondering though how would your usual accounting principles affect these types of currencies? I mean with the inflation, GDP and stuff like that if these are country agnostics?

Louie Diangson · 13 years ago

I’m wondering as well. But I don’t think the usual principles apply. It’s not backed by any central bank. Free for all.

Mr A · 13 years ago

I am not sure if this is the answer to your question.

Bit Coins are limited and it always adjust the difficulty of obtaining one thru time. Unlike before, people can mine bit coins using their CPU because it is easy. Today, you need special hardware to make mining efficient. I belive by 2040, there will no longer be any bitcoins generated. It will now depend on the transaction of current bitcoins that are in circualtion.

The recent spikes on bitcoin is attributed to the movement of exsisting one. Since the news of gorvernment and organizations starting to look at bitcoin, theres a demmand that showed.

As to the effects of inflations and GDP. I am no accountant, but what I understand it will be country agnostic. Unless you convert your BitCoins to cash, that’s the time it will affect the economy.

I hope it helps.

My interest if its viable to mine bit coin the provice. The electricity is cheaper there.