Bitcoin values continues to grow and soars through the $10,000 milestone. It looks like Tim Draper (an investor) was on the money. Draper in an interview three years ago, claimed “Bitcoins would hit $10,000 in three years”. At that time, they were worth $413 but now they are around $11,000

Bitcoins is a form of digital currency that is currently available through purchasing or obtaining through an intricate system of digital “minin
g”. It all started in 2009 costing about $153 and was bought as a type of investment. Now, in 2017 many companies accept bitcoins as a form of payment. It has just surpassed $11,000 for its first time on November 29 2017.

As mentioned, they can be “mined”.  If “mined” successfully, you can manage to get a few bitcoins. “Mining” these coins are extremely complicated as you would have to download many softwares and have a powerhouse for a computer.  “Mining” bitcoins is essentially verifying the genuine article–you are confirming the validity of the bitcoin to see if it’s fake. Those miners use softwares to unlock the micro-blocks that make up bitcoins. A bitcoin contains many of these virtual blocks and by unlocking them miners are awarded with a piece of the blocks. Essentially, rewarding them with money.

Be careful though, because of the increasing popularity of bitcoins, many malware creators advertise their virus as free mining softwares, baiting in newcomers. They may sometime send a text to people’s phone telling them that “you have a bitcoin in your account, click here”, which would lead to a harmful link. So mine in discretion!