Video tutorial/guide showing how to start mining Bitcoins from home super simple and easily, for beginners, or advanced users, using Coinpot in 2017. Bitcoins are a cryptocurrency, like Litecoins and Ethereum which offer an anonymous form of digital currency. This video will show you how to setup a bitcoin wallet, download and install the mining program (nicehash), link it up to your wallet using the bitcoin address, and use the optimal algorithm for mining the most bitcoins and earning the money. Mining these Bitcoins is a way to introduce new bitcoins into the world, as well as verify transactions occurring in the blockchain. You can earn bitcoins and money, by mining at home from your very own PC computer. I also include some tips which helped me mine! Coinpot recently suffered a very complex hack which affected Miners and users of the Coinpot wallet. This attack took them down, offline, for about 2 weeks, but they are currently back up and back at it once more--LIVE AGAIN! They have ensured a huge increase in security, as well as getting people's money back before January 31st, 2018
What is Cryptocurrency?
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.
What i think about CoinPot:
I am using Coinpot since the migration of MoonBitcoin, MoonDogecoin, MoonLitecoin, and BonusBitcoin to them. Since then, I have no problem with them. What I like about Coinpot.co is that they offered you to Mine Bitcoin, Litecoin, and Dogecoin. In fact, I'm using this feature to gain more aside from the above mentioned faucet sites. I have also tried to withdraw from them and thankfully, I received the requested amount from them. So if you will ask me if it is SCAM or LEGIT, I will answer you that Coinpot.co is LEGIT (this is my own Opinion). Why? Because, when we speak for LEGIT, it means conforming to the rules and do not do any illegal activity. In my experience, they did what they promised to do. Thank you.