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How to Create a Free Online Bitcoin Wallet

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Then, choose the create wallet option at the top left.










How Much is a Bitcoin Worth?

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This is a question that has a few answers, but the one most are interested in is the market value. As of writing this (12/5/2013) the price of a Bitcoin is $1220.51. You can check out the current market price at

But that isn’t strictly speaking how much a bitcoin is worth. A bitcoin is really worth whatever someone will pay for it. Frequently, depending on the local market, a bitcoin will sell for much higher or lower than the current market price. Just for example, check out some of the listings on ebay for bitcoins. While a bitcoin’s market price is currently $1220.51, bitcoins are listed at $1500-$10000, and people are buying them. Part of this might be lack of knowledge about the value of a bitcoin, but it still shows that people are willing to pay far above market price for a bitcoin.

Also, bitcoins have no actual worth. Just like a high priced painting, a bitcoin only has value because we give it value. Gold and silver both have many uses, such as being good conductors, and being very resistant to rust. This makes it so that gold and silver would be highly desirable even they weren’t regarded as pretty. Bitcoin does not have these advantages, where if everyone decided to use a different monetary system (litecoin or barter for example) the bitcoin price would go to zero, because no one would be willing to purchase them. Bitcoins only have value because we GIVE them value.

But Bitcoins also have huge advantages over monetary systems such gold, or paper money. Bitcoins can be sent across the world instantly, as well as their being no central body governing the use of the bitcoins. Also, a ton of gold could be found at any moment that would destroy the price of gold. While with bitcoins, there will only ever be 21 Million (there are currently about 12 million in existence). And, because people lose their wallets and forget about coins, over time the amount will actually shrink (It is likely that 10’s of thousands, if not hundreds of thousands are already lost, and cannot be recovered).

All of this plays a part on how much a bitcoin is actually worth. Another aspect for this is, what can you get with a bitcoin? What is it’s actual use? To a lot of people this is what determines a bitcoins worth. Currently, there are a lot of stores that accept bitcoins, such as Humble Bundle (, bitcoinstore, (, OKCupid (, and Reddit ( These businesses add a lot of “worth” to bitcoins, because it allows bitcoins to be used as currency much more easily.

There is also the idea of future value and oportunity cost. Bitcoins have increased on average at least a 100% per month from their creation. They have been one of the best investments of all time, and will likely continue to rise in value. So while a bitcoin is currently worth about $1200, it could be worth $100000 in the future, or it could also be worth $1. So spending them now could amount to a good laptop, or a good amount of currency, but you could also be losing the opportunity to use them at a much higher value later, or you could be avoiding losing a bunch of value on them if the price crashes. So you have to figure that into what a bitcoin is worth to you.

The last thing to factor in, is difficulty in getting the coins. Coins sell for high value on ebay, because it’s an easy system. Most people have a setup Paypal account with funds already in it, and then they can have coins within a matter of hours. The system for trading coins on the markets is much more difficult, because you have to set up several accounts and wait to be approved. This causes the coins to sell for slightly less than they would in other circumstances. Then there are face to face meetings, which are the easiest way to trade cash for bitcoins, but usually in those circumstances, it is either a buyers market or a sellers market, and that is what determines the value.

Hopefully this has helped you understand the value of a bitcoin, and where that value comes from!

UPDATED How to do GPU Bitcoin Mining on a Mac Easily

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This video will show you how to easily mine bitcoins using the GPU on your Apple laptop or desktop using guiminer.

Guiminer for Mac can be downloaded here:

The website for the mining pool is They are really good, and I have received payments from them, so they are 100% trustworthy.


Once Guiminer is downloaded, just double click on the .dmg. This will mount the dmg on your desktop, which will basically look like a pen drive. If you open up the mounted folder, then you will see the guiminer application inside. You CANNOT run it from here. Drag it to your desktop or to your applications folder.

Double click on the guiminer app after you have moved it, and wait a minute while it starts up.

When guiminer is started up, go to file, new miner, and select opencl. Then name it anything and hit ok.

Click on the tab at the top of guiminer for the miner you just created. Then click on the dropdown box and find the mining pool that you signed up for (slush is shown in the video).

Then, input your username and password for the miner.

Then select the hardware that you want to mine with. In the dropdown list at the bottom you will probably see your video card and processor. Your video card is usually going to be a lot faster than your processor, so I would recommend using that.

After that, just hit start mining and you’re all finished.

How to get free Bitcoins on an Android Phone or Tablet

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This video will show you how to get free bitcoins on any device running Android such as phones and tablets. Both these things can be done in just a few minutes a day, and can add up to decent bitcoins over time. Both the apps are free, and from experience they are currently completely legitimate.

The two apps are bitcoin tapper:

and Earn Free Bitcoins:

The first app, Bitcoin Tapper, pays out a small amount of bitcoins when you open the app and tap the button. You can do this once every 24 hours. The app adds anywhere from .001 to .000001 bitcoins per tap, so it can occasionally be really worth it, or it can be kind of useless if you get the lowest end. But it only takes a couple seconds to do, and can’t hurt. Once your total reaches over .012 bitcoins, you can request a payout. I have gotten a payout, so I know it is legitimate.

The other app, Get Free Bitcoins, basically links you to all the online bitcoin faucets so you can easily use them on your phone. You basically enter your bitcoin address into the app, and then it automatically pastes your address into most of the sites when you open them up, and you can paste it into the ones it doesn’t.

Then you can choose the options you want to use to earn bitcoins. You can choose to complete captchas at bitcoin faucets, visit websites for bitcoins, or watch videos for bitcoins. All the options work well, and I have personally received payouts so I know it works.

At the end I also explain the option of bitcoin mining on android. I have personally only used it very little, and it overheated my phone without producing many hashes. If you want to try it out you can, as there are a couple of paid apps for mining, but I wouldn’t reccomend it because you will never earn back the money the app costs, and it can damage your phone.

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How to Make Money from a Website, Blog, or Posting on Forums

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This video is a tutorial to make money from a website, blog, or really anything online. You can even make money from posting the links I show in this video on forums.

A site that gets a lot of hits can make large amounts of money from these methods, and they are all easy enough for anyone to do.

Watch the video to learn how to use these methods to make money, but the short version is that if you have a website or blog, you can monetize it with Google Adsense, CoinURL, Amazon, and Adfly links. If you want to make money from posting in forums, use the Adfly and CoinURL link shorteners.

If you have any questions on how to use these, then post a comment below and I’ll get right back to you.

Link to Google Adsense: Google Adsense

Link to Amazon Affiliate Program: Amazon Associates

Link to Adfly link shortener: Adfly Link Shortener

Link to CoinURL Ads and link shortener: CoinURL Link Shortener and Advertisements

Link to BigCrumbs: Big Crumbs Click Through Shopping

Link to Ebates (like bigcrumbs but different websites/percentages): Ebates Click Through Shopping

Link to my website so you can check out the ads: A Database of All Kinds of Tutorials

How to do GPU Bitcoin Mining on a Mac with Diablo Miner

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This is an in depth video on how to do GPU Bitcoin mining on an Apple computer with OSX (will work on Snow Leopard, Lion, and Mountain Lion) with DiabloMiner. The video is done on Windows, but the exact same process applies to mining on a Mac (I just didn’t have access to a Mac to make the video with, but I have done mining on Macs). If you have any wonky things happening that didn’t happen in my video, leave a comment and read the readme that came with DiabloMiner.

The mining pool site (where you set up an account): Slush’s Mining Pool
The site to download DiabloMiner: Diablo Miner
command to start GPU mining (has to be run in the directory where the program is): ./ -u pascal11110.guest -p guest -o -r 8332 -w 64
Replace pascal11110.guest with your username, guest with your password, with your mining pools address, and 8332 with you mining pools port. If you have any issues connecting, then try my credentials to see if those work. If they do, then you have typed some of your info in wrong.

The client I use as my Bitcoin wallet is Bitcoin qt, which can be downloaded here: Download Bitcoin Qt

A great chart of what to expect for speeds for a piece of hardware can be found here: Expected mining speeds for hardware

Want to get free bitcoins? It doesn’t pay much, but if you’re just starting out and want a few for your wallet, you can get very small amounts of free coins from this site for visiting other websites: Bit Visitor

And this one gives you small amounts for just putting in your receiving address every day: Netlookup

You can also earn bitcoins by having people click on URL’s you shorten, it just takes them to an ad before it brings them to the site it was linking to, works very well: CoinURL. But if you would rather earn cash from shortening URL’s you can use this one instead:Cash URL shortener



How to get free bitcoins online

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This is a quick tutorial that shows several ways to get completely free bitcoins online. These bitcoins will not make you rich, it’s just enough to get you started in the world of bitcoin. This tutorial assumes you already have a wallet setup with an address to receive bitcoins at. If you need a wallet, a good online one you can access from any computer, and your android phone is or if you prefer an offline one, I personally use

Get bitcoins for visiting websites. They usually pay out in an hour or so, but I have noticed it taking a bit longer lately so be patient. This is probably the second best method to get free bitcoins after the URL shortner I’ve described below. Bit Visitor


Get bitcoins for putting your address in every day. This one is included in Coin Reaper, but can sometimes does not load, so I’d try it out here first: Daily Bitcoins

Coin Reaper is the best method for getting a lot of small amounts of bitcoins, they can really add up eventually, especially with how bitcoins are worth more and more every day. It goes through all the bitcoin faucet like sites: Coin Reaper

You can also earn bitcoins by having people click on URL’s you shorten, it just takes them to an ad before it brings them to the site it was linking to, works very well: Bitcoin URL Shortner but if you would rather earn money instead of bitcoins, you can use this one instead: Cash URL shortener
