Total Members: 38008   Points: 0   Balance: 0.000000000000 BTC










What is Bitcoin?

Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.

Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that bitcoin lacks consumer protections. Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility.

Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that bitcoin lacks consumer protections. Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility.

How does Bitcoin work?

From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.

Behind the scenes, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user’s computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service. This is often called "mining". To learn more about Bitcoin, you can consult the dedicated page and the original paper.

Is Bitcoin legal?

To the best of our knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.

Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. For example, the Financial Crimes Enforcement Network (FinCEN), a bureau in the United States Treasury Department, issued non-binding guidance on how it characterizes certain activities involving virtual currencies.

What if I have more questions about Bitcoin?

Three great places where you can get your questions answered are the BitcoinTalk Forum at BitcoinTalk.org, the Bitcoin sub-reddit at Reddit.com/r/bitcoin and Bitcoin Stack Exchange at Bitcoin.StackExchange.com.

How can I contact you?

By filling in the form below. Please read the questions above before sending us an email. We receive hundreds of emails everyday and do not have the resources to reply to all of them, so we have a policy of not responding to emails asking questions that have already been answered on this page.

What is the minimum withdrawal amount?

The minimum amount for withdrawal is 0.001 BTC.

Are there withdrawal fees?

No. All withdrawals are free.

What payment processors is accepted?

Freebitcoin50.com offers many payment processing options to get paid fast. Accept: PerfectMoney, AdvCash, Payeer, Bitcoin, Dogecoin, Litecoin, Ether, Namecoin, Novacoin, StartCOIN.

Do you have referral program?

Yes. Get 50% commission on your referrals. For each page viewed on our autosurf by one of your referrals you will earn 50% commission, but the 50% commission is only on the minimum gain value to view a page. Example: If your referral wins 0.000000000030 BTC per page viewed you earn 0.000000000015 BTC committee, the committee will always be 0.000000000015 BTC per page viewed by your referrals. You also have unlimited potential to increase your earnings by using our referral scheme which pays 50% lifetime commission.

Free Ghash is unlimited?

No. The maximum to win free Ghash is 2000.

The price of 20 Ghash will always be 0.00001 BTC?

No. The price varies according to demand, but is also influenced by the consumption of other services sold on our site, such as PTC, Banners, Autosurf, Traffic Exchange, Clicks and Impressions. Thus the price may be cheaper or more expensive.

Rented referrals that are inactive will be exchanged for free?

Yes. The exchange will be made based on total rented referrals.

RENTED REFERRALS
DAYS INACTIVE
EXCHANGE
0 - 99
3
Free
100 - 499
4
Free
500 - 999
5
Free
999 - 1999
6
Free
2000 - 4999
7
Free
5000 - 9000
8
Free


Advertise here! Only 0.0001 BTC ($0.09) per 10000 impressions.

Advertise here! Only 0.0001 BTC ($0.09) per 10000 impressions.





© 2015 - 2017 FreeBitcoin50. All rights reserved. support@freebitcoin50.com