Your request appears to be from an automated process.If this is incorrect, notify us by clicking here to be redirected.Bitcoin is like Digital Gold and it has immense potential yet maximum Indian’s aren’t aware of it.Earning bitcoin is like earning gold , its value increases everyday.Its currently having the highest Return on Investment among all trade able commodities.In July 2010 , 1 BTC = 0.08$ and now it is 1777.77$ (CEX.IO) |1724.58$(Coinbase - No India Support) , see the massive growth.Recently after Japan legalized Bitcoins the price skyrocketed , and in the coming 4–5 years the price per 1 BTC will reach 20,000$ , Mark my Words.Nothing in this world can give you such an huge return.Now the question is how to earn Bitcoins ?Bitcoin is a form of digital currency, created and held electronically.So to earn bitcoin , you have either create it or held it, in technical terms you have to trade bitcoins or you have to mine it.Trade BitcoinsBitcoins are easily available for trade , you can buy or sell any amount of bitcoins from India.

There are several Exchanges / Exchange cum Wallets which allow such transactions.There are several International exchanges which can be trusted and you can trade with them.CEX.IOCoinbaseCoinmamaKrakenBitstampRecently two Indian companies jumped into Bitcoins and they came up with Wallet-Exchange conceptZebpayUnocoin2.greek bitcoin poolMining BitcoinsYes, you can create your own bitcoins and as much as you want and this can be done using you hardware or cloud services .Hardware Based MiningIn the initials days of Bitcoin mining , it was easily mined using the CPU .bitcoin crash february 2014As the miners increased , to use more hash rates people started using GPU and now ASIC.bitcoin purchasing powerI am not going into the details on how this works in the background , you can refer to this Bitcoin mining if you want to know the science behind it.CPU/GPU MiningYou can use the hashrate of your own computer to mine bitcoins.acheter 0 1 bitcoin

But due to huge number of miners , difficulty of blockchain and high hash rates of ASIC its nearly impossible to mine Bitcoin for profitability.How can compete with your 100H/s against 1TH/s ?If you have free electricity then you can get some sort of profit.Where as you can mine Altcoins or Alternative Cryptocurrencies such as Monero , Bytecoins , DASH , Ethereum etc.ethereum is about to boomYou can wait for them to turn into Gold or you can convert them to Bitcoin using CryptonatorAll you need to do is Register and Download Minergate GUI Miner.bitcoin tax switzerlandThey also offer “Smart Miner” which automatically determines based on current exchange rates.ASIC MiningIf you have a high budget you can get yourself BITMAIN‘s Antminers which will cost 1000$ + which is around 80,000 INR.bitcoin predictions reddit

You can calculate the profitability using Cryptocurrency Mining vs.Bitcoin Mining ProfitabilityCloud Based Mining ServicesThis concept is going rounds for last few years, there are certain mining companies who are offering cloud services.All you need to do is sign up at their websites and buy hashrates.bitcoin speculation 2015They take onetime fee + daily maintenance fee and offer lifetime contracts / one/two year contracts.ethereum miner nvidiaYou can mine Bitcoins , Monero , Ethereum , Dash etc and you can calculate your profitability using Cryptocurrency Mining vs.Bitcoin Mining Profitability .But in this cloud mining sector , maximum companies are running scam like TeraBox - Cheapest Bitcoin Mining , so you have choose very carefully .You can trust the below websites completely.Genesis-mining ( Use code mNpFUG for 3% discount)Hashflare.ioHashing24NiceHashGEOVIA Minex™Now the most important thing storing the bitcoins.

There are really security concerns about storing the bitcoins.Major exchanges have been hacked , bitcoins worth millions were stolen.So , the first and foremost rule never keep all your bitcoins in your one pocket , DISTRIBUTE THEMAvoid keeping bitcoins in exchanges , put them in wallets.If your amount is small and you are interested in Trading keep with in Hot Wallets (Online Wallets) like Coinbase , Blockchain , Xapo etc.You can also keep your bitcoins on Windows / Android based softwares such as Copay , Mycelium Wallet etc.If you have more bitcoins and want to keep it ultrasafe then go for Hardware wallets like KeepKey , TREZOR .or the cheapest Ledger Wallet which is available at only 58$.You can also earn Bitcoins in small amounts (Satoshis) from websites like Moon Bitcoin .Note:- About Legality of Bitcoin in India , its neutral.A particular thing becomes illegal only when the thing is prohibited under a particular law.Currently there is no law under which states that investing / mining / earning Bitcoins is criminal offence.

You will also need to purchase a 1600W power supply along with it.Suggested one is the APW3+ power supply which is also available on the same site at $105.So, total hardware cost is around $1800.Along with the customs charges for importing it, the total comes to around $2300.This cost in number of Bitcoins will be around 1.16 Bitcoins (1BTC =$1980).Now let us calculate the profitability of mining Bitcoins with an Antminer S9.With the current difficulty factor which is at 559970892891( as on 20 May 2017), if you have 14 TH/s power, you will be able to mine 0.18 Bitcoins per month.Assuming the difficulty level to be same and electricity to be free, it will take around 6.5 months to cover the hardware costs alone.Let us now factor the electricity costs.The lowest electricity tariff in India, which I guess is in Jharkhand, is around Rs.With the power rating of 1370 W, in one month we will be using around 1000 kWh which amounts to Rs 3209 or 0.024 Bitcoins.When more miners keep getting added to the network, the mining difficulty increases as the number of blocks to be solved in a specific interval of time remains constant.

On an average the difficulty factor increases by around 5% per 14 days.The number of bitcoins generated in 19th month will be 0.026 and in 20th month will be around 0.023 which is lower than the cost of electricity.The number of bitcoins mined in 19 months will be 1.556 BitcoinsElectricity cost for 19 months will be 0.456 BitcoinsSo, net income will be 1.556-0.456=1.1 bitcoinsNet loss= hardware cost – income =1.16-1.1=0.06 BitcoinsSince electricity cost becomes greater than the bitcoins mined, a break-even point will never be reached.Thus, Bitcoin mining with the world’s most efficient miner, the Antminer S9, cannot even recover your hardware costs.No, setting up mining servers in india is simply not feasible.Mining requires many hardware tools which are very expensive.Along with the hardware you also require cheap 24x7 electricity, high speed Internet and other factors which are not possible in india.Without mining if you buy one bitcoin at a price of $1000 the price of bitcoin will fluctuate and it can go as high as $10,000 so you make a profit of $9,000.

$9,000 in almost 1 or 2 years is a good deal.I know I'm bit to exaggerating but you can never know how the prices will fluctuate as it can even go beyond $10,000.So there should be some possible way to double sure your investment i.e.to gain both from bitcoin mining and trading.Many Indian now going towards cloud mining techniques.Bitcoin is a profitable business as of now.But as time progresses the profitability is bound to decrease due to the very nature of Bitcoin.That is the number of new Bitcoins that’ll enter the system are bound to decrease exponentially with time.New Bitcoins enter the system, when Bitcoin miners verify Bitcoin transactions, and are hence “rewarded” bitcoins for this verification, which involves solving complex mathematical and cryptography related problems.How do the miners solve these advanced mathematical problems?With the use of powerful hardware.You can no longer mine Bitcoins using your normal PC, that runs on a normal C.P.U.Forget C.P.U’s even high level G.P.U’s are obsolete.