Sunday 26 October 2014

How To Use Bitcoin Payment On Your Website

To register and start using CoinPip’s online bitcoin payment engine to accept bitcoin on your website is relatively easy. To list out briefly
Sign up for a CoinPip account  
   1. Create a shopping cart key
   2. Paste javascript code to your website

Step 1: Sign up for a CoinPip Account
Signing up an account with CoinPip is relatively simple. All you need to enter is:
  1. Login Name
  2. First Name and Last Name
  3.  Email Address
  4.  Country
Selecting your country of business is important as it links to the respective currency to that country. If you select Indonesia, your account will be denominated in Indonesia Rupiah (and bitcoin of course).
Just following the instructions from the emails, you will be able to setup your account in a relatively short period of time.
Step 2: Create a shopping cart key
You can refer to this post in our docs, which shows you in detail how to setup your shopping cart key (api key). Just a tip, unless you are involved in developing a complex website, you do not need to fill in the field “callback”. Other fields listed should be quite easy to understand.
Step 3: Paste javascript to your website
Developers can view the post in the docs here.  Otherwise you view this section to implement the payment gateway without much customization required.
To illustrate how the payment gateway works, it’s best to use an example. You might need a slight knowledge of html forms and javascript. Otherwise it shouldn’t be that difficult.
Copy and paste the script below into your webpage’s .


JavaScript
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<script type="text/javascript">
        
    function ProceedBitcoinPayment() {
    
        var email = "";
        var amount = 0.00;
        var api_id = "";
        var reference = "";
        email = $('#customer-email').val();
        amount = parseFloat($('#amount').val());
        api_id = $('#api_id').val();
        reference = $('#reference').val()
        
        coinpip.RequestPayment(api_id,  // Your API ID
            {
                Title: 'Pay with bitcoins',
                FiatAmount: amount,
                CustomerEmail: email,
                Reference: reference
            }
        );
    }
</script>


There are 4 important ‘#’ items you have to take note – #customer-email, #amount, #api-id, #reference. These fields are to be passed by the form that you or user fills in, something like: - 


Sample Form
XHTML
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Email : <input type="text" id="email"><br>
Amount: <input type="text" id="amount"><br>
Reference: <input type="text" id="reference"><br>
API ID: <input type="hidden" id="api_id" value="8dbbde0bfd564c059f795fde25e60464"><br>
<input style="width: 270px;" type='image' src="https://wallet.coinpip.com/bb.png" value='Pay with bitcoins' onclick="ProceedBitcoinPayment()" />


Sample picture of CoinPip’s bitcoin online gateway 




And that’s it!
If you have any questions, please put your comments below or message us from our website.



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Tuesday 21 October 2014

BTC China Adds Mining Pool and Merchant Payment Services



BTC China has announced it is expanding its range of digital currency services with the addition of a new mining pool and merchant payments processing.
It marks another step on the company's transition from simple exchange to an integrated services platform, and reflects a recent diversification trend among Chinese digital currency businesses.
The company said in a statement:
"BTC China's expanded portfolio covers all aspects of the digital economy, allowing a user to mine bitcoin and litecoin in its mining pool, store it in BTC China’s wallet, pay for goods through its payment gateway, and trade for fiat on the exchange."
Users will now be able to access all of BTC China's services, including the existing exchange and bitcoin/litecoin wallets, with a single user account.
The mining pool is not a cloud-mining or subscription service, but a pool for existing miners to join. At this stage it is for bitcoin mining only, and instructions are in Chinese language only.

Mining pool

BTC China CEO Bobby Lee said the company is remaining at the forefront of an industry that has grown immensely in the past year.
Lee said:
"You can mine bitcoin, store it safely, pay for goods and services, trade bitcoin, and exchange for fiat, all on BTC China's new platform. Moving forward, BTC China will continue to innovate and set industry standards for service, security and innovation."
The mining pool implements the PROP (proportional) payout scheme, whereby blocks are paid out proportionally to the number of shares a contributor has earned. BTC China promises 100% transparency in its hashrate distribution, with no hidden hashrate reductions.
Lower fees will apply to users who send their mined coins to other BTC China services instead of external addresses.

Payment processor

To showcase its new payment processing system, the company has already partnered with regional merchants who are willing to accept bitcoins.
These include Shenzhoufu Hong Kong, an online transaction provider that facilitates payments between online game operators and users, and Aicaike, a 'P2F' (peer-to-firm) financial information publishing platform.
Launched in 2011, Shanghai-based BTC China is the world's oldest continuously operating bitcoin exchange and, like its direct competitors in China, it is one of the world's largest by trade volume.
The company currently supports bitcoin and litecoin trading and deposits/withdrawals in USD, CNY and Hong Kong dollars (HKD).


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Bitcoin not Currency, It is Property



United States IRS had issued notice that explained on virtual currency situation like Bitcoin . Agensi said Bitcoin will be considered as property, and not currency. This isaims to enable owner or bitcoin recipient taxed.
Although IRS admits that a few virtual currencies operate just like currency that "real " , however, it stresses, to date, there is no a country also had approved it as a currencythat is legal .
FAQ part said notice also explain about ways file report for those who there is doingtransaction related to bitcoin. For example, if you accept Bitcoins as payment, you needto put in it as gross income based on the virtual money current value in US dollarvalue.
The notice was expelled last week, and it is right on time, where, at the moment, USpeople is busy making about to pay tax.

Mentioning on tax, to Malaysians, do not forget to make tax payment before 31 April2014 for those working employed. Meanwhile, for those who have bread and butterfrom business like online entrepreneurs, deadline make tax payment is on 30 June2014.



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Saturday 18 October 2014

Bitcoin, Litecoin Mining: 5 Steps To Building A Future In Digital Currency


It seems like a scene out of a late night infomercial. A man steps out of a fancy car, or off of a big expensive yacht, and starts his sales speech. “Make thousands, tens of thousands, or hundreds of thousands of dollars all from the comfort of your own home. How?! By mining for bitcoin!” Dropping into everyone’s lexicon late last year, bitcoin boomed in 2013, going from $13 to $900 on a roller coaster of a ride. Other cryptocurrencies called alt coins, like litecoin and peercoin, gained exposure through bitcoin’s fame. Mining these coins can provide a significant income to anyone willing to spend the time and money. Here are five steps to take to start a cryptocurrency mining career.
Choosing a Type of Coin
With over 90 different cryptocurrencies on the market, alt coin miners have a plethora of options to choose from. And just like stocks, there are blue chip coins and penny share coins. Blue chip cryptocurrencies like bitcoin and litecoin are considered safer coins to mine, offering more reliable payouts, as investors are actively looking to buy these digital coins. However, the hash rate, or the processing time and power it takes to mine a bitcoin, is much higher than on some of the penny-stock currencies.
Pink sheet alt coins, like the meme-based dogecoin or the darknet-intended anoncoin, give miners better net-gain potential. For example, dogecoin is valued at $0.0004 per coin, or four hundredths of a cent. If that coin rockets up to a whopping whole cent per coin, people stand to make a lot of money; a $100 investment could potentially become $2,500. While alternate currencies are not a guaranteed investment, with the right coin, a properly done return on investment (ROI) report, and time they can be a great way to earn money.
Hardware
Here’s where the rubber meets the road: hardware. Building a computer, whether for home use or alt coin mining, is a complicated undertaking mired in a myriad of choices that even the most tech-savvy person might find confusing. There are many different factors one has to consider, but in the case of cryptomining, luckily some of those factors are simplified.
In the early days of mining, CPU processing power was the most important factor to consider. But as mining algorithms became harder to hash, graphics cards (GPUs) became the heavy lifter, all but eliminating the CPU from the equation. Simple, low power and traditionally slower CPUs are the best to go with as these specialty computers will only be performing one task. Couple that with a simple motherboard (no built-in video or sound necessary) and two to four gigs of RAM and the basics are covered. The hard drive doesn’t need to be fancy or fast, instead reliability is key. Since the HDD will store the mined currency, it needs to last a long time and have a low failure rate. Seagate and Western Digital are among the highest rated HDDs around.
Power-supply units and GPUs have a reciprocal relationship.  Most high-end GPUs, like the Radeon HD 7950 and Radeon 290x, are very power demanding. And to get the most out their mining rigs, cryptominers will have multiple graphics cards running at the same time, hashing faster and completing coin blocks in less time, earning money as fast as they can. So the right power supply will completely depend on the amount of GPUs that will be running.
Software
Once the hardware is assembled, software will need to be addressed. First an operating system will need to be installed onto that super reliable hard drive we talked about earlier. While Microsoft Windows is the industry leader in operating systems and mining software is developed for this OS, it’s probably not best suited for a cryptocurrency mining rig. Instead, consider the open sourced OS Linux, as many different mining frontends are written with it in mind. If terms like OS, frontend and GUI are confusing, try the all in one solution BAM-T for litecoin mining. It limits the choice on currency, but it simplifies the experience. And considering litecoin has quite a high ROI, it might be the best choice anyway.
The second piece of software, and probably the most important, is a digital wallet. Bitcoin, litecoin and all other currencies need to be stored somewhere, whether it is locally on a hard drive or remotely in an online wallet. Each alternate currency has a coin-specific wallet, so choose appropriately. For example, locally stored bitcoin wallets include Bitcoin-Qt, Armory and Multibit are more secure since they are stored on that aforementioned hard drive, while online wallets like Blockchain and Coinbase offer users remote access to their coins via mobile apps and QR codes. Bitcoin ATMs, a new venture that allows individuals the ability to exchange their coin to local currency, use virtual wallets.
Mining Pools
Once the computer is built and software is installed, mining can commence! Venturing out into the quagmires of cryptocurrency quickly reveals how hard it is to strike out alone. But fear not, mining pools exist for this and other reasons. Mining pools are groups of people who all agree to donate their hash power, their computers, to mine coins faster. When a miner tries to go it alone, they reap the benefits of anything mined; if the rig is powerful enough it can earn 25 bitcoins in just 10 minutes, but that is highly unlikely. So instead these pools work in congruence to earn those same 25 bitcoins and divvy up the spoils.
Consider this to be the best way to earn money. Sites like Multipool and Middlecoin offer some great options for the pool miner. Multipool is very cheap to join and only takes a 1.5 percent rake. If coin-specific mining isn’t a big concern, consider Middlecoin, which mines the most profitable alt coins and automatically exchanges them to bitcoin, depositing dividends into an online wallet. Understand though, that like all things, this is a business and it may take some time to join a mining pool and see results.
Start mining
The currency is decided, the parts are purchased, the computer built and software is installed. You have decided on a mining pool and the group has accepted you. Now you are ready to begin mining for coin. Go for it! After all is said and done, an investment of anywhere from $2,000 to $20,000 isn’t unheard of. However expensive that may seem, remember this is a way to make money. Any investment, however large, has the opportunity to break even and start posting profits.

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7 Things You Need to Know About Bitcoin!


In recent years, the topic of conversation Bitcoin warmth on the internet. Will it change the economic landscape and the financial world of the internet, or just full of falsehood, is still a question mark.

What is Bitcoin?

Bitcoin is a digital currency type can only be used on the internet. It's not controlled by any bank in the world and it is free to roam the market. Bitcoin can be sent and received from one individual to another without having to go through any intermediary such as a bank or any financial loss.
Unlike paypal or bank, when you send the money, the money will be through paypal, in any case undesirable, the bank or paypal right to withdraw or return the money to the sender. But bitcoin, it is different, the transaction is directly from the sender to the receiver. No refund of money back, no freezing of accounts, no transaction charges and no any party that controls or monitors, either the banks, ministries, national or otherwise.
It is free from all obstacles and influence, whether political, commercial, or the law of the country.Value, determined solely on supply and demand (supply and demand) market.

How Bitcoin start?

It was first produced in mystery, in 2009 in the internet, known only by the name Satoshi Nakamoto. To this day, the identity of Satoshi Nakamoto is still unknown. Some states Satoshi Nakamoto does not actually exist, and it is just a fake profile created for covered true identity of the individual or group that produces digital currency.

How to Get Bitcoin?

There are three ways you can have a bitcoin, either by way of purchase on the bitcoin exchange (bitcoin exchange marketplace), received it from someone else (transfer) or the bitcoin mining (mining).
·         Marketplace, there are many websites that sell bitcoin marketplace. Among the most popular is  mtgox.com .
·         Transfer, you can make bitcoin as a means of payment products. So, buyers can pay you by transferring them to your bitcoin either using a computer or mobile apps.
·         Mining, quarrying here is not like mine gold, but mining activities are carried out using a computer. A mining software must be installed on your computer and you need to solve the puzzle mathematically very complex to allow you to get a bitcoin. Currently, the highest winning record can solve the puzzle is 25 bitcoin in 10 minutes.

How to Store Bitcoin?

Bitcoin should be stored in a digital wallet. It can be in the form of computer applications, mobile applications and online accounts (such as PayPal).
Each form has a digital wallet risks respectively. If you choose to use a digital wallet in the form of a computer application, you are at risk to lose all your bitcoin damaged or if your computer needs to be formatted before. So is the digital wallet in the form of mobile applications. You have the risk of losing all your bitcoin if your phone is lost or damaged.Meanwhile, the digital wallet in the form of web anyway, it depends on the state website. You have the risk of losing your bitcoin if the website is shut down or hacked.

What Can Out With Bitcoin?

You can buy all sorts of stuff on the internet by using bitcoin. Of digital goods like games, ebooks, software, to physical goods such as clothing, drinks, cars and travel into space. There are lots of websites that accept bitcoin as a payment method on their website.
·         Read the story of the men bought cars using bitcoin here .
·         Virgin Galactic party to accept bitcoin payments ramble into space. Info here.

What is the value of Bitcoin?

Bitcoin value is constantly changing, it's like gold. It is completely determined by the demand and supply (supply and demand). It is expected that there will be 21 million bitcoin will be successfully produced (mined) and circulated in the market in 2140. If the RM is used to Malaysian currency and USD for the US dollar, for bitcoin, it uses currency symbol BTC.
At the start of 2013, the 1BTC is about $ 13, but in December 2013, reaching a value in excess of $ 1,000. Then, in early 2014, it dropped to $ 600. Increase and decrease dramatically this is something that is not reasonable for a devaluation. It shows the bitcoin currency is very easy to speculate by irresponsible parties.




Kontroversi Bitcoin!

In addition to being recognized as currency by many countries in the world such as Malaysia, Thailand, Indonesia, Finland, China and Russia. There are many other controversial issues plaguing bitcoin. Among ..
·         There is a bug in the software that causes bitcoin fraudulent transactions can be waged. It led to a sharp fall in the value of bitcoin. Source.
·         CEO BitInstant (one of the largest Bitcoin Exchange Marketplace USA) was arrested, for any errors collaborate medicine sales transactions using bitcoin black market. Source . However, the CEO has been released and found not guilty.
·         Bank of China ordered the company to stop accepting bitcoin payments in them the value of bitcoin transactions fell sharply. Source .
·         BIPS, which is the company's largest bitcoin payment processors in Europe, losing $ 1 million bitcoin due to cyber attacks. Source .
All this controversy led to a sudden fall in the value of bitcoin and unstable. However, for the US anyway, they was always looking for ways to allow them to escort or gets a "little progress" on the digital currency existence this bitcoin.
Finally, the authors reported a bill in the New York financial district, is developing a version of the bill related to bitcoin. However, it is not yet known how they would control the use of digital currency bitcoin because it is not owned by any party.For you, is this the right time to do your own, use or invest in bitcoin? Is bitcoin will completely change the financial world? Or, it is actually the biggest scam of the century? Let's see and follow its development from time to time.

Web info bitcoin : Bitcoin.org

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