The amount of new bitcoin released with each mined block is called the block reward. The block reward is halved every 210,000 blocks, or roughly every four years.
- Buy Bitcoin - after your wallet has been downloaded you are able to buy bitcoin via an online exchange. You simply need to link your credit card or bank account to the wallet and you are good to go! Exchanges and wallets are the best option if you want to engage in regular trading and speculation, don't need total anonymity and don't mind lengthy bureaucratic setup procedures that usually involve proof of identity and supplying detailed contact information.The best exchange option also depends where you're located. At this time, the largest full trading exchanges by volume are Bitfinex (Hong Kong), Bitstamp (US), BTC-e (unknown), Kraken (US), Huobi (China and Hong Kong), OKCoin (China) and BTCC (China).
- Use Bitcoin - Bitcoin has been gaining ground today and there are now many spheres where you can use this cryptocurrency. You have an opportunity to spend your bitcoins on electronics, software and other gear with Microsoft, Newegg, Overstock, Dell, and Memorydealers.com. Other well known online merchants that accept bitcoin include Tigerdirect, the Dish Network, and Showroomprive.com. One particular company that offers 10-20 percent discounts towards purchases on the online e-commerce giant Amazon’s website is Purse.io. The startup allows anyone to buy items off of Amazon using bitcoin as a medium of exchange and gives the user a discount.
- Also, you can purchase gift cards with bitcoin for hundreds of restaurants and stores worldwide. The largest online travel agency in the world Expedia accepts bitcoin for its broad array travel booking services.
- Play Games with Bitcoin - Bitcoin launched its games portal last year, which hosts a broad array of provably fair gaming for cryptocurrency enthusiasts who like to play for high stakes recreation. Playing bitcoin games on our site requires no registration, and using our platform is completely anonymous. Games are always provably fair, and there is a 99 percent expected return while playing any of the optional activities. Games included at games.bitcoin.com are video poker, craps, keno, roulette, dice, and blackjack.
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