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Showing 6 of 6 results by Ahsanksa
Post
Topic
Board Bitcoin Discussion
Re: How do we start transactions?
by
Ahsanksa
on 09/07/2018, 06:52:31 UTC
Quote from: ice18 on July 09, 2018, 06:40:42 AM
I advised you to search on youtube videos on step by step mining bitcoin its not a simple job you need huge amount of money to mine bitcoins for hardware equipments try to familiarize first on how bitcoin works before engaging in complicated mining business.

thanks for your concern. It seems like you are irritate of my post . instead of encouraging me you said this.
without risk there ius no success in life. The purpose of joining this forum was to get assist not being afraid of bitcoin mining. Anyway I thanks to you for your concern. I really appreciate if you lead me to get in the transactios as i created my account on electrum.

Thanks
 
Post
Topic
Board Bitcoin Discussion
Re: How do we start transactions?
by
Ahsanksa
on 09/07/2018, 06:34:04 UTC
Quote from: cissrawk on July 08, 2018, 08:30:24 AM
Quote from: Ahsanksa on July 08, 2018, 08:22:18 AM
OK instead of buying expensive hardware should I use web based option?
Don't use wallet that based on web, use Electrum or another offline wallet. Just don't use any online wallet for storing your coins.

Quote from: Ahsanksa on July 08, 2018, 08:22:18 AM
Is that necessary to fund my account first inorder to work on it?
No, no need to fund it first. You can receive transaction as soon as you create it.
Thanks I have created my account. Now how could i recieve transactions?

Guys dont be afraid of mistakes. mistakes able us to redesign our thinking about any matter in life.
Thanks
Post
Topic
Board Bitcoin Discussion
Re: How do we start transactions?
by
Ahsanksa
on 08/07/2018, 09:00:57 UTC
Quote from: cissrawk on July 08, 2018, 08:56:25 AM
Quote from: Ahsanksa on July 08, 2018, 08:45:13 AM
So kindly suggest that how could I do that ? How could I invite others on my blockchain so I can start dealing in it?
What do you mean by invite other people to your blockchain?
If you want to start mining, you must have a good hardware (ex.ASIC or etc), and download mining software and start it. This section is discussed about mining so you may try to read it https://bitcointalk.org/index.php?board=14.0

Seriously, i don't get it, what do you mean by invite others to your blockchain? I never heard something like that before, did you just read something on facebook or other site like "Mining to your blockchain account" or something?

sory  I meant how do I recieve rewards ? whats the procedure?
Post
Topic
Board Bitcoin Discussion
Re: How do we start transactions?
by
Ahsanksa
on 08/07/2018, 08:45:13 UTC
Quote from: cissrawk on July 08, 2018, 08:30:24 AM
Quote from: Ahsanksa on July 08, 2018, 08:22:18 AM
OK instead of buying expensive hardware should I use web based option?
Don't use wallet that based on web, use Electrum or another offline wallet. Just don't use any online wallet for storing your coins.

Quote from: Ahsanksa on July 08, 2018, 08:22:18 AM
Is that necessary to fund my account first inorder to work on it?
No, no need to fund it first. You can receive transaction as soon as you create it.

Thanks all

Means I can start it without funding my amount. fellows i have read the topics related to bitcoinmining but sometimes you have to have the advice or opinions from experts thats why I asked it to you here in this forum. And I really appreciate all of you for your kind reply.
ONe thing I get it after your reply that i dont need to fund it first I can start mining blocks without it.
So kindly suggest that how could I do that ? How could I invite others on my blockchain so I can start dealing in it?

Thanks
Post
Topic
Board Bitcoin Discussion
Re: How do we start transactions?
by
Ahsanksa
on 08/07/2018, 08:22:18 UTC
Quote from: Pursuer on July 08, 2018, 07:13:50 AM
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?
Post
Topic
Board Bitcoin Discussion
How do we start transactions?
by
Ahsanksa
on 08/07/2018, 07:06:57 UTC
Hi

I am new on this digital form of business of mining bitcoin. No prior knowledge. I just install electrum software on my PC.
Now what should I do next inorder to initiate this digital bussiness. How to mine bitcoin using electrum?
How should I invite others to fund in bitcoin ?
All the fields are empty on my electrum page except my receiving address.
How do we get the transactions ? I will appreciate if someone guide me how to work on it.

Thanks

Ashan