Zero to Bitcoin in sixty seconds - how to set up a Bitcoin client in case you need it fast?


lordcirth's VM suggestion is great, but let's build upon it. Let's think of it more like an elastic cloud VM instead of a snapshotting procedure.

VM with bitcoind, optional snapshotting, but definite periodic backups of wallet.dat. Period is equal to the expected rate of change of the wallet. Blockchain files are stored locally but also periodically backed up to a remote disk. An increment every 2 hours would probably suffice, with the standard Grandfather-father-son rotation. At 10 minutes per block, that's 8640 blocks that you could be behind with backups a day behind. Son is the semi-daily, father is every 12 hours, and grandfather weekly, with perhaps a great grandfather monthly. When something bad happens to the running VM, don't waste the time rolling back the snapshot. Just fire up a new VM and have it get the latest backup from the remote disk.

In my mind, snapshots are for when you make a change that you want to roll back.

When you want a highly available...

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Is it recommended to drive a pickup truck, or a four door sedan? I'm not talking about the "hyper-fast" version of a sedan that I've read about (where it can do 0 to 60 in under 4 seconds, has a top speed of 300 mph, and can stop on a dime), but for common everyday usage?

What do most people use for their driving needs?

Hopefully you're catching on to my analogy. The point is that it is impossible to know what wallet (or vehicle) will be best for someone without knowing more about their needs.

In the case of a vehicle, does the owner have children? How many? Additional cars? Do they need to haul heavy items frequently? Do they have any need to tow a trailer? Is fuel economy important to them? etc.

In the case of a wallet:

What operating system do you use?
How much disk space do you have?
How much patience do you have to wait for a wallet to initialize?
What level of technical skill do you have?
What else do you use your...

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It’s been a while since I wrote a new post, and it feels good to be back! Today, I’m going to cover all of the available ways there are to to earn Bitcoins online. Before I begin, I just want to make something very clear:

There is no easy way to make a substantial amount of Bitcoins

Just like there’s no easy way to make a substantial amount of US dollars or any other valuable currency for that matter. The good news is that if you’re willing to put in the effort, you can achieve some very nice earnings online. Later on in this post, I’ll expose some of my own earnings so you can see what I mean.

Also, there’s no such thing as “free bitcoins”. It will always cost you something to get Bitcoins. It may not always be money, but something needs to be spent, whether it’s time, your email address, viewing ads or anything else.

I hope I didn’t burst your bubble too much right at the start of this post, but if you’re still here with me, let’s dive into the...

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

If you are new to Bitcoin, check out We Use Coins and You can also explore the Bitcoin Wiki:

How to buy bitcoins worldwide
Buying Reddit Gold with bitcoin

Will I earn money by mining bitcoin?

Security guide for beginners - (WIP)

Community guidelines

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person...
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This document provides a fast-paced interactive introduction to basic Bitcoin concepts. The purpose is to give you enough knowledge of the Bitcoin protocol to write micropayments-capable apps and demos. Let’s dive in!

How to learn (enough) Bitcoin in one week

Bitcoin is a very highly interconnected subject and it can be tricky to explain one piece without assuming some knowledge of other pieces (or prerequisites). The approach we recommend you take is as follows:

Step 1: First, go and read the original paper by Satoshi Nakamoto (bitcoin.pdf)

Step 2: Next, set up your development environment using the instructions below.

Step 3: Now go through the Introduction to Bitcoin section and read through the questions to get a high level overview of Bitcoin

Step 4: Next, do the Interactive Introduction section and type in the commands. You won’t understand everything, but will learn by doing - kind of like immersion in a foreign language.

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Earn Bitcoin autopilot without any work. Just login (no sign up required) with xapo email address (not btc address) to withdraw instantly to xapo wallet. If you use other wallet (not xapo) then you have to wait long to auto withdraw. Now you may claim whenever you want and the claimed satoshis will be instantly transferred to xapo wallet. This is really a simple procedure like 1,2,3. ( Xapo Wallet Link :


Link :

You can now send your faucet earnings TO THE MOON by building up your daily loyalty bonus!

Starting from 29 July 2015 you will earn a % bonus which builds up for every consecutive day that you make at least one faucet claim.
This bonus increases by 1% per day, up to a maximum of 100% (which means your faucet payouts are doubled!!!)
So for example, if you made a claim yesterday and then make another claim today you will get a bonus of 1% on top of your usual claim amount.
If you then...

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How do I get Bitcoin?

Everyone knows that Bitcoins can be bought, but also you can get coins using your computer. The process of getting Bitcoins is similar to gold mining, but instead of nuggets extracted from the rock, Internet users solve problems using special programs, which provides a program algorithm. For each successfully extracted block of digits is possible to obtain a certain amount of Bitcoins, united in the block (with the passage of time the number of Bitcoins uniformly decreases). How person can be involved in this process? 1. Get a purse The first thing that needs to be done - get bitcoin-wallet for your virtual currency. The easiest way of getting wallet is visiting the site bitcoin and download bitcoin client for your operating system. After installing, it starts to download files from the history of all transactions Bitcoins. 2. Get the address of the purse When the client will be in the active state, press the button "Create" to get...

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5 Steps to Install and Set Up Bitcoin-Qt (Bitcoin Core) Faster
applicable to v 0.9.3 and before

As of Bitcoin Core version 0.10.0 and later, the block chain bootstrap torrent is *slower* than a direct download using the bitcoin P2P protocol & client. If you want the torrent for other reasons, please visit: To download the latest version of Bitcoin Core, please visit:

The biggest pain point of using Bitcoin-Qt

(Bitcoin Core) prior to v 0.10 as your wallet is it takes forever to sync to get the complete block chain.

A fully functioning node must have the Bitcoin-Qt (Bitcoin Core) client on a machine instance with the complete block chain. Note that this speed-up tip will no longer be necessary for Bitcoin Core version 0.10 (click here for Bitcoin Core version history) and above because blockchain syncing will be parallelized across multiple peers and and will be faster than...

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The founder of Bitcoin, Satoshi Nakamoto, proposed an electronic payment framework referencing a mathematical proof. He wanted to create a currency independent from any centralized governance, that could be transferred digitally very fast in mere minutes with significantly small fees. And Bitcoin was born.

The best features of Bitcoin:

Buy anything online

You can use Bitcoin to shop online—kind of like the mainstream dollars, pounds, or euros, which are also used in transactions online.

You’re in charge, Not some bank

Arguably one of the best features of bitcoin is that its decentralized. There isn’t a single institution that controls Bitcoin’s network. It means that you’re the only one who can control your money.

Set up is a breeze

Nowadays opening a bank account is like an obstacle course, do this, sign that, do that, go there, etc., but with bitcoin, it will only take you less than a minute, no fees, and no...

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Bitcoin users often come across a big problem. Sometimes it seems like the bitcoin transaction stuck and will not receive confirmations on the network. This is a common misconception among users, because some transactions need more time to get the first confirmation than usual. But for those who doesn't want to wait, there are solutions to how to speed up such transactions with a minimum of effort.

1. ViaBTC Transaction Accelerator

Accelerator transaction ViaBTC is a new service that launched about a year ago. It allows you to speed up the confirmation of frozen transfers. Until the Bitcoin block is enlarged or the space is not used more efficiently, there are times when confirmation can take up to several hours or even days.

In this way, the ViaBTC transaction accelerator can be a very valuable tool. Although it is capable of processing only a few transactions per hour, it is still a fairly powerful tool. Users simply enter the transaction ID and the...

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The Internet is the perfect place for maintaining several anonymous identities. You can run an anonymous blog, parody Twitter account, or workers’ NGO — all without associating your real, offline identity with your online accounts.

But administering these identities might require you to handle funds. How do you make financial transactions online without compromising your identity?

The answer is Bitcoin. When used correctly, Bitcoin can safeguard your anonymity so nobody can link your offline identity to your online presence.

This guide will show you how to set up a safe environment in which you can anonymously communicate, browse the web, and send and receive bitcoins. You will start by setting up a separate operating system equipped with privacy software that is easy to set up. You will then set up encryption keys and a Bitcoin wallet to communicate and transact in private.

This guide is also available in pdf format.

Jump to…


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BUIP 001: Extensions to the Bitcoin Client
Proposer: Andrew Stone

Submitted on: 11/26/2015

The following extensions are proposed for the Bitcoin client:

1. GUI: Creation of a “Bitcoin Unlimited” menu option and dialog box to access BU specific features. This menu option will appear just below the “options” option.

2. Addition of an Unlimited Dialog / command line option to change the maximum size of a generated (mined) block. This will allow miners to use BU to generate large blocks. The default value will be 1000000 bytes (compatible with today's consensus).

3. Addition of an Unlimited Dialog / command line option to change the default block “accept” size. Blocks larger than this (excessive blocks) will only be accepted if they are N deep in the blockchain. This will be 16MB by default. The largest message is limited to 10 times this size, to that creates an effective block size limit. This limitation was not removed entirely to stop people from...

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Hobby Bitcoin mining can still be fun and even profitable if you have cheap electricity, an efficient bitcoin mining machine and get the best Bitcoin mining hardware.

It’s important to remember that Bitcoin mining is competitive. Today it is not smart for the average person to mine since China’s cheap electricity has allowed it to dominate the mining market. If you want bitcoins then you are better off buying bitcoins.

Bitcoin Mining Hardware Comparison

What is an ASIC Bitcoin Miner?

Since it’s now impossible to profitably mine Bitcoin with your computer, you’ll need specialized hardware called ASICs.

Originally, Satoshi intended for Bitcoin to be mined on computer CPUs. However, Bitcoin miners discovered they could get more hashing power from graphic cards. Graphic cards were then surpassed by ASICs (Application Specific Integrated Circuits).

Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs,...

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This is awesome, but you don’t need to mine for Bitcoin to get some.

Bitcoin has never been this popular. Sure, there’s still plenty of controversy surrounding the cryptocurrency, but that hasn’t stopped thousands of businesses all over the world from accepting Bitcoin at checkout — including Newegg.

It also hasn’t stopped millions of people in emerging markets from using it to replace their national currency.

At the time of this writing, 1 Bitcoin is valued at $222.93 USD. While this price is drastically lower than the $1,000+ USD it was trading at about one year ago, the possibility of its value rising again is real. And because it’s so cheap, it’s also a perfect time to buy it.

As much as I would love having a Bitcoin mining system digging for gold all day long, there’s a much easier way to get your hands on some coin before it’s too late.

But before we get started, there are some things you need to know:

What You Need to...

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Contents of Earn Bitcoins

Earn Bitcoins by accepting them as a means of...
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Want to learn how to mine bitcoins? First, mining bitcoins is done via SHA256.

To get started mining bitcoins you could get a Antminer S9 for about $500 or a Spondoolies Tech SP20 for about $500.

Learn about how to use the best Bitcoin mining pools.

Learn how to buy bitcoins and trade it

Learn about Bitcoin cloud mining.

Learn about how to use gift card websites using Bitcoin

Transcript - Bitcoin For Beginners - Learn How To Mine Bitcoin ! - Part 1

Hello and welcome to my Bitcoin for Beginners Tutorial. Now in this video tutorial I’m going to cover what Bitcoin is? How to mine it and some tips and tricks that you can use to make more money mining Bitcoin. I just want to start off by saying if you want to skip the tutorial everything that I’m going to talk about is in the video description and is labeled accordingly. So, you can just click on the video description, download the mining software, click on the link to view a calculator...

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All the recent media attention on Bitcoin inspired me to learn how Bitcoin really works, right down to the bytes flowing through the network. Normal people use software


that hides what is really going on, but I wanted to get a hands-on understanding of the Bitcoin protocol. My goal was to use the Bitcoin system directly: create a Bitcoin transaction manually, feed it into the system as hex data, and see how it gets processed. This turned out to be considerably harder than I expected, but I learned a lot in the process and hopefully you will find it interesting.

(Feb 23: I have a new article that covers the technical details of mining. If you like this article, check out my mining article too.)

This blog post starts with a quick overview of Bitcoin and then jumps into the low-level details: creating a Bitcoin address, making a transaction, signing the transaction, feeding the transaction into the peer-to-peer network, and observing the results.


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You can download the reference client Bitcoin Core, also known as the "Satoshi client," from The reference client implements all aspects of the bitcoin system, including wallets, a transaction verification engine with a full copy of the entire transaction ledger (blockchain), and a full network node in the peer-to-peer bitcoin network.

On Bitcoin’s Choose Your Wallet page, select Bitcoin Core to download the reference client. Depending on your operating system, you will download an executable installer. For Windows, this is either a ZIP archive or an .exe executable. For Mac OS it is a .dmg disk image. Linux versions include a PPA package for Ubuntu or a tar.gz archive. The page that lists recommended bitcoin clients is shown in Figure 3-1.

For developers, there is also the option to download the full source code as a ZIP archive or by cloning the authoritative source repository from GitHub. On the GitHub bitcoin page, select Download ZIP from...

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Zero percent Bitcoin taxes?

That’s right.

International Bitcoin companies -and their owners- can operate in a way they do not pay taxes.

Yet nobody seems to understand this.

Down below we will first discuss a few fundamentals of taxation. Then we will look at two small case studies and discuss some downsides.

Important: This does NOT apply to US citizens or green card holders.

Everybody else (with an international mindset) follow me…

… it might be the most profitable 5 minutes of your life…

Fundamental 1. Individual Tax = Residency.

You are almost always taxed there where you are considered resident.

This roughly means that you pay taxes based on where you live and where your economic life takes place. Rules determining when you are considered resident differ per country.

For now, the most important to understand is this:

There are countries that don’t have income (or corporate) taxes (like United...
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