Bitcoin wallet Cracker
- To create a wallet, sign up for an online service like My Wallet (UK) or Coinbase (US). For these instructions, we'll use Coinbase because they provide a simple, integrated purchase process with two-factor authentication for added security.
- From the lefthand menu, click "Linked Accounts" and add a bank account. It can take several days for Coinbase to successfully link a bank account, so if you intend to purchase any Bitcoins you should plan ahead.
- Once your account is all linked up, click the Buy/Sell Bitcoins link. The page will default to the Buy Bitcoins section so just enter the number you want to purchase, choose your bank account (if you linked more than one), and click the Buy Bitcoins button. The transaction may take a few days to complete, but you'll receive a notification when the Bitcoins have been safely transferred to your wallet.
The purchase process doesn't take much effort, but rather just involves a lot of waiting. The Bitcoin exchange rate changes over time, so while at the time of this writing you have to spend $75.93 USD for just one you may find them cheaper next month. Of course, you can come across Bitcoin for the cost of your CPU cycles by engaging in the mining process instead.
How to Mine Bitcoins
Mining Bitcoin involves running software on your computer that processes complex mathematical equations. If your computer solves one of these equations, you get a payout in Bitcoins. The issue, however, is that your computer is up against large groups of computers that will likely solve the problem before you. That means your machine may end up doing a bunch of work and it will be a very long time before you ever see a payout. As a result, you want to join a mining group. This makes it much more likely that you'll receive a payout, but you'll also receive only your much smaller share. Nevertheless, without a farm of supercomputers you'll earn more in the long run by mining with a group. Because mining is a very complex process, we don't have room to get into the details in this post. Business Insider offers a very simple method you might want to try (it didn't work for us due to Java issues), or check out popular mining pool BitcoinCZ (also known as slush's pool).What to Do With Bitcoin
Now that you have a wallet and a Bitcoin or two, what do you do with it? If you signed up for an account with Coinbase or My Wallet, both services allow you to sell your digital wealth. Because Bitcoin prices fluctuate, if you're simply looking to make some money you can attempt to buy them low and sell them high. I bought a Bitcoin a few months back for $15, and if I sold it today I'd earn nearly $61. If you invest wisely and remain patient, you can make a decent amount of money by simply buying and selling Bitcoins.
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