Tera Bitcoin Miner Blog

Earn Money Online With Bitcoin Mining

Earn money online through mining bitcoin is one of the best ways to make money. With a fast bitcoin mining rig you will be able to mine a number of bitcoins a day (based on today’s mining difficulty). And as of today 1 bitcoin is worth $1,192 USD.

If you could earn 3 bitcoins a day you could be making $3,576 daily. In addition 1 bitcoin is expected to be worth $100,000 to $1,000,000 within a couple of years.

Most bitcoin miners have paid for their bitcoin mining rig in a number of days and are reaping the ongoing rewards. And with the rapid increase in the bitcoin value, are well on their way to become a millionaire.

With bitcoin mining there is no more loosing friends by presenting MLM programs. There is no more list building and sending of countless emails. There is no more paying for Google Adwords or PPC.

With bitcoin mining, you join the gold rush with the aid of a mining rig which pays for itself in days or weeks. It’s that simple!

Read our other blog posts to familirise yourself with bitcoin mining, then buy a bitcoin mining rig off us and get started!

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Read about some successful bitcoin miners who earn money online:

Li Xiaolai (pictured above), is perhaps the most famous figure in the Chinese bitcoin world. Li admitted on one occasion that his bitcoin holding is in the six digits. At the current exchange rate, that is more $50 million USD.

The world’s most famous bitcoin millionaires are the Winklevoss twins. They know how to earn money online. They own over 120,000 bitcoins. Watch the video below:

The interview above on the Winklevoss twins was done in April 2013 when the price of 1 bitcoin was $120 USD. As of today, 29th November 2013, bitcoin is trading at over $1190, an increase of over 400% in the last couple of weeks. The Winklevoss holdings today have increased 10 times in the last 6 months, placing their worth at near $110 million USD.

Bitcoin Mining, Introduction To Creating Wealth

Bitcoin mining is a great means for creating wealth. Bitcoins as an investment is also rapidly increasing in value!

How do you get bitcoins? Well you can buy them or mine for them. But what is bitcoin mining?

Well think of bitcoin mining as groups of people doing work to find large prime numbers to decrypt a file. What you need to understand is that for every block mined you get 25 bitcoins or, at current rates, $27,500 USD; a single bitcoin being valued at around $1,100 USD.

Pooled mining is far more lucrative. Using a service like Slush’s pool you can split the work among a group of people and therefore mine for more bitcoins.

But to start, you need to get a mining rig so you can go bitcoin mining. If you have a fast mining rig, like the one Tera Bitcoin Miner sells, then you have an excellent chance of finding bitcoins in a small amount of time.

Watch the video below for an introduction to bitcoin mining

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Bitcoin Transaction, How It Works Bitcoin Network

A bitcoin transaction works by using bitcoin software. This software mathematically combines the other party’s public key and your own private key. With this information the the amount of bitcoins are transferred. The bitcoin transaction is broadcast across the bitcoin network. The bitcoin transaction is therefore verified by the other bitcoin users on the network.

The bitcoin network is managed through all the bitcoin users around the world. Although developers make improvements to the software, they can’t force a change in the bitcoin protocol; the virtual currency can only work if there is an agreement among all users.

A bitcoin transaction has a very high level of anonymity; the identity of the parties to the bitcoin transaction is protected.

A bitcoin network also is very secure as it uses an extremely high level of encryption.

The flow diagram below shows you how the bitcoin transaction works

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Bitcoin Value, Current Trading Amount

The current bitcoin value can be seen on the graph below; live data being received on the page loading.

The bitcoin value has rapidly increased during 2013 and is currently at an all-time high.

The value is increasing because it is now widely being accepted as a legitimate virtual currency; many online businesses are now accepting bitcoin.

You can check on the current bitcoin value on the graph below

As you can see, the bitcoin value is rapidly increasing. Many people are becoming millionaires, making a lot of money.

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Virgin Galactic Accepts Bitcoin, Richard Branson

Virgin Galactic which will be the first commercial enterprise taking tourists into space has just announced that they will allow people to book flights using bitcoins.

Virgin Galactic received its first bitcoin passenger, a flight attendant from Hawaii. Richard Branson – also a bitcoin investor – has said the lady made a lot of money getting into bitcoin early on.

Branson goes on to say that many bitcoin users are the type of people that will buy tickets for space travel.

Branson is confident in the value of bitcoin and makes the following statement:

“I think the fact that there’s going to be a limited number of bitcoins out there and it will ultimately be capped—unlike normal currencies where governments can print more currencies—gives it a sense of security,”

If you want a trip into space on Virgin Galactic, one of your best best ways would be to earn bitcoin through mining.

Watch the report below about Virgin Galactic

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One Thousand USD per Bitcoin

Bitcoin, the virtual currency, has received a lot of attention during 2013. This attention has been due to the rapid rise in bitcoin value, now over One Thousand USD ($1000 USD).

On the Mt. Gox exchange at 10:10 am on the 27th November 2012 bitcoin trading for one coin reached $1,030, extending a 400% surge in under a month.

Bitcoin is an online currency that trades 24/7. Supply of the currency is limited as new bitcoins enter the market after being mined by solving maths problems. Current supply is at 12 million bitcoin mined with a value of at least $12.9 billion.

The rapid rise is due to the attention being given by the US and China. Also legitimate business are now beginning to accept bitcoin as a method of payment.

The current bitcoin value is shown below – now over One Thousand USD

This graph is live data from a bitcoin exchange.

bitcoin over one thousand usd

Why Mine Bitcoin – Become Millionaire

If you want to become a millionaire then investing in bitcoin is definitely the way to go.

Why mine bitcoin?. Well, the cost of buying bitcoins is rapidly moving away from the general public. The only way you can then get bitcoins is to mine for them.

The target value for bitcoin is not some $50 or $100. It is $100,000 to $1,000,000 per coin within the next couple of years. Already there are some wealthy millionaires and billionaires who have been buying up whatever bitcoins are available, driving up the price.

There will only ever be 21 million bitcoins. Currently only about 12 million have been mined. There is still plenty more bitcoins for you to find with your mining rig.

Why mine bitcoin – Listen to the Keiser report below: Bitcoin Millionaires vs Paper Billionaires

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What is Bitcoin The Digital Currency Rising Value

What is bitcoin?. Well, bitcoin is a digital currency that was created to be independent of any government or bank. The bitcoins, created through a mining rig, can be converted into cash or used to buy items through the Internet.

Bitcoin was launched in 2008 by a programmer known as Satoshi Nakamoto, a name believed to be an alias. He posted a paper detailing the design and late in 2009 released a software program that can be used to exchange bitcoins. The software is now well maintained by an open-source community coordinated by developers.

For a quick explanation of what is bitcoin and how it works, watch the video below

what is bitcoin

Tera Bitcoin Miner – Welcome!!!

Tera Bitcoin Miner are in the business of making bitcoin mining achievable and affordable.

In the past people mined with their computer or graphics card. Today mining is done more effectively through the use of a specialized ASIC mining rig.

At Tera Bitcoin Miner, we provide the best rigs to help you mine faster. A mining rig might set you back a small number of bitcoins, but at today’s rate can mine anywhere up to 4 bitcoins a day. So really, the cost of your mining rig pays for itself in days.

You might ask, why buy a ASIC mining rig? Well it is quite simple, your PC or GPU graphics card can no-longer effectively mine for bitcoin. The amount of mathematical calculations required would mean it would take you many months of 24/7 operation of your PC to mine just 1 bit coin. The cost of powering your computer alone during that time would make it uneconomical.

An ASIC mining rig which Tera Bitcoin Miner can provide you will do the job much faster. ASIC miners are known for there super processing power required for mining bitcoin. If fact at 3TH/s, at the current mining difficulty, you could mine up to 4 bitcoins a day.

Don’t wait any longer, place your order today for one of our rigs.

Tera Bitcoin Miner can help you become a bitcoin millionaire

tera bitcoin miner - bitcoin value rising

* How much you can earn from bitcoin mining is up to the individual. A big part of the process is owning bitcoin mining equipment that process a large number of mathematical calculations. The mining rigs that Tera Bitcoin Miner provide are some of the fastest you can buy.

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