Post
Topic
Board Bitcoin Discussion
Re: How do we start transactions?
by
Ahsanksa
on 08/07/2018, 08:22:18 UTC
in order to mine bitcoin you will need special equipment which is called ASIC. you need to buy them and set it up to mine bitcoin, then you connect to a pool to share the work and try finding a block to share the reward.

as for your wallet, you now have a bitcoin address. you can give this address to others so that they can send you bitcoin. the address starts with 1, 3 or bc1. your private keys are obviously private and you should keep them that way. make sure to back up your seed also by writing it on a piece of paper and storing it in a safe place out of sight.

also it is good to read this: https://bitcoin.org/en/getting-started

Thanks to all who reply me.
OK instead of buying expensive hardware should I use web based option?
Is that necessary to fund my account first inorder to work on it? if not then how could we invite others on my blockchain?