Monday, 31 March 2014

How to Sell Bitcoins and Withdraw Money

After you have received Bitcoins in your CampBX wallet, you need to follow these two steps to sell Bitcoins and withdraw cash. 

1) Go to "Trade Now" screen and place a "Quick Sell" order to sell Bitcoins by providing the quantity to sell and your desired price. We allow you to stack multiple sell orders, so if you have 100 Bitcoins, you can sell 30 at one price and the remaining 70 at a different price simultaneously. Depending on how aggressive you are with the price, it can take anywhere from a few seconds to few hours for all the coins to sell out. Every sale deposits corresponding cash into your account.

2) Once all Bitcoins are sold, go to "Transfer -> Money" page to withdraw cash. We offer multiple options, but ACH is probably the most popular one. The instructions on the page will guide you through submitting a withdrawal request. 

Once you get a hang of Quick Sell, you can explore advanced trading options including custom expiry dates, limit / market price, AON / FOK / Incremental fills, and much more

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MtGox finds 200,000 missing bitcoins in old wallet


Mt Gox said it found the lost bitcoins in a wallet from 2011 that used older technology

Bankrupt Japanese firm MtGox said in a filing that it has found 200,000 lost bitcoins.
The firm said it found the bitcoins - worth around $116m (£70m) - in an old digital wallet from 2011.
That brings the total number of bitcoins the firm lost down to 650,000 from 850,000.
MtGox, formerly the world's largest bitcoin exchange, filed for bankruptcy in February, after it said it lost thousands of bitcoins to hackers.
"MtGox had certain old-format wallets which were used in the past and which, MtGox thought, no longer held any bitcoins," said Mt Gox chief executive Mark Karpeles in the filing.
However, "on March 7, 2014, MtGox confirmed that an old-format wallet which was used prior to June 2011 held a balance of approximately 200,000 bitcoins," he said.
Mr Karpeles said the firm moved the found bitcoins to offline wallets on 14 and 15 March so that they could not be targeted.
At the time of the MtGox theft, about 750,000 customer bitcoins were stolen as well as close to 100,000 of MtGox's own bitcoins.
That amounts to about 7% of all the bitcoins in existence.
MtGox recently won brief bankruptcy protection in the US as the firm's case works its way through Japanese courts.
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Mt. Gox bitcoin price falls below $100 as withdrawal suspension continues

Bitcoin fell below $100 on major exchange Mt. Gox early Friday, dropping under a key psychological threshold.
Traders pushed the digital currency as low as $91.50, far below its price at around $537 on two other exchanges tracked by CoinDesk.com.
The price on Mt. Gox later recovered to around $100, but it remains the cheapest exchange in the world to buy bitcoin.
The price drop followed another update from Tokyo-based Mt. Gox about a technical issue that prompted it to suspend bitcoin withdrawals to outside addresses two weeks ago. Bitcoin had been trading around $850 before the suspension.
In the update, Mt. Gox said it is continuing to work to resolve the technical issue, but added that it has experienced “some security problems, and as a result we had to relocate Mt. Gox to our previous office building.”
Mt. Gox is now located on a floor of a Tokyo office tower that is home to a company offering virtual offices. The exchange and the company that owns it, Tibanne, have not responded to interview requests.
The situation surrounding Mt. Gox has led some investors to believe it is teetering on the edge of bankruptcy and that bitcoins on the exchange may become worthless.
Discussion on Bitcointalk.org, an online forum, touched on the office move, as well as questions about whether Mt. Gox was going to collapse or is a Ponzi scheme, or is intentionally trying to destabilize the digital currency. One participant suggested Mt. Gox is “sabotaging” the currency for someone’s personal benefit.
“The Gox relocation, delay and more bad communication shows that the problem is one of management,” Andreas Antonopoulos, chief security officer with Bitcoin wallet service Blockchain.info, wrote in a message on Twitter. “Won’t be fixed with a patch.”
“Some of the price is certainly speculation on Mt. Gox solvency etc., but the withdrawal issue appears economically and numerically dominant,” said Jeff Garzik, a senior software engineer at Bitcoin payment solutions developer BitPay, in an email.
Since traders can’t withdraw bitcoin from Mt. Gox they are selling it to withdraw funds in the form of conventional currency, a practice he terms “escape selling.” The opposite situation, where U.S. dollars could not be withdrawn but bitcoin could, existed before on Mt. Gox, Garzik said.
“To ‘withdraw’ USD at that time, you were required to buy BTC (bitcoin), then withdraw BTC, thereby artificially pushing the price above other exchanges. This is ‘escape buying.’ This is the reason why Mt. Gox’s BTC/USD price was consistently higher than all other exchanges, until a week or so ago.”
The Mt. Gox suspension of bitcoin withdrawals prompted a street protest by a few bitcoin traders who had been demonstrating for eight days as of Friday.
They have been demanding confirmation from Mt. Gox that their bitcoins are safe.

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Earn Bitcoins in 5 different ways

1. Earn Bitcoins by accepting them as a means of payment 

In my opinion, the best and easiest way to earn Bitcoins is to accept them as a means of payment. If you have a small business, the integration is done quickly and easily. No matter if you have a brick and mortar shop or an online business, no matter if you sell goods or services. You just have to complete the following three steps:
  1. Get a free online Bitcoin wallet from Blockchain.info. If you're not sure what a Bitcoin wallet is, check out my What is Bitcoin section. There are also many other providers apart from Blockchain.info. Find out which works best for you. And remember, no wallet is absolutely safe, so be careful with your money.

  2. Display a QR-code with your Bitcoin address next to your cash register. There are two options here.
    • When you have your Blockchain.info account go to 'Receive Money'. Under the 'Actions' drop-down menu select 'QR-code'. Print out the image with the QR-code and place it next to your cash register. Your customers will typically have a Bitcoin app installed on their smartphone where they can enter the value of the purchase in USD or EUR. Their app calculates the corresponding Bitcoin value. It automatically takes the current exchange rate to get the right amount. On your Blockchain.info account you can check the confirmation of your incoming payment.
    • The other option you have is again on your Blockchain.info account. Go to 'Receive Money' and then under the 'Actions' drop-down this time select 'Create Payment Request'. Now you enter the Bitcoin amount the customer has to pay and it will show the corresponding QR-code. This way the customer doesn't need to enter an amount. For this method you need to calculate the Bitcoin amount from your USD or EUR price before you can enter it for the QR-code to generate.

    • sample bitcoin address qr-code
  3. Display the 'Bitcoin accepted here' logo at the entrance to your shop to show everybody your innovative payment integration. 

  4. bitcoin accpted here logo small
That's it. It's so easy, start to earn Bitcoins by selling goods and services today! This is just a quick description how to earn Bitcoins by accepting them as a means of payment.

2. Earn free Bitcoins by completing tasks on websites 

There are many websites which offer you to earn free Bitcoins. With most of these sites, the concept is that you visit the site and just for looking at it you get a small amount of Bitcoins. The concept has something in common with watching good old free TV. You watch a lot of ads and inbetween you get something you actually want to see, like a film or music clips.
While this is a legitimate concept, the return on your invested time is very little. So when you earn Bitcoins from these advertising sites, the Bitcoins actually come at the cost of your time. As the saying goes 'there is no free lunch'. But see for yourself, here is a list of some of the sites that I find interesting
  • BitVisitor :: Earn Bitcoins for watching websites or videos. Every page is shown for five minutes. Then you can click 'Next' for confirmation and move on to the next page. What I like about this site is that payouts come within roughly an hour. This is a major advantage compared to other sites that pay Bitcoins for completing tasks. Also, you don't need an user account here, you just enter your Bitcoin address. The amount of Bitcoins you can earn here is limited though. Per five minutes you get something like µBTC 100 (that's 100 microcoins or BTC 0.00001) which means that your hourly payout is something like BTC 0.00012. That's not too much money but it is a start to make you first Satoshis and get familiar with Bitcoin. And note, payout per five minute period varies. So the above calculation only holds if the average payout per five minutes is µBTC 100.
  • freedigitalmoney.com :: Earn Bitcoins by getting rewards fo purchases made in Bitcoin. On this site you also don't need a user account and just have to enter your Bitcoin address to earn Bitcoins.
  • CoinWorker :: Earn Bitcoins by completing analytical tasks. A user account is required here. I haven't tried this service but payouts seem to be a bit higher than with the aforementioned sites.
  • BitcoinPlus :: Earn Bitcoins for providing computing power to a mining pool. The good thing about this site is that you do not actually have to spend time on it because your computer works in the background while you can do other things. However, when you check the task manager of your computer you see that CPU usage skyrockets. That means your machine consumes more electricity. And since the payouts per hour on BitcoinPlus are really small, you need to do a proper calculation that takes the power consumption of your hardware, your electricity costs and the current Bitcoin value into account. If this turns out profitable for you, BitcoinPlus is a fine thing.
  • Rugatu :: Earn Bitcoins by answering forum questions. This is a nice service because it brings people together who are interested in Bitcoin and many other things and allows to pay rewards for answering questions. This is something that would not have been possible without a currency like Bitcoin that has low transaction fees and instant transfers
  • FaucetBTC :: Earn Bitcoins just by visiting this site (and looking at the ads). There is a large number of other sites like this and I picked this particular one quite randomly. All you do here is go to that site, enter your Bitcoin address and fill out the CAPTCHA. You can repeat this as often as you like but only once every 30 minutes. For each visit you get BTC 0.0000025 (as of August 2013; this is likely to change when the Bitcoin exchange rate goes up). After your visit, your reward is sent toCoinBox.me. This happens to collect many small payments and to combine them for one bigger payout. When you visit many sites in parallel, this could be a way to keep you busy throughout the day and make some change.
Earning Bitcoins from completing tasks on websites is a viable option to actually earn some Bitcoins, but don't expect your income to be very large. I regard it as a first step to get familiar with Bitcoin in general. Also, it is interesting to see what kind of services are enabled through frictionless money transfers.

3. Earn Bitcoins from mining 

Bitcoin mining is the process by which new Bitcoins are originated. When you perfom mining, your computer adds new Bitcoin transactions to the block chain (a public ledger where all Bitcoin transactions are saved) and searches for new blocks. A block is a file that has the most recent Bitcoin transactions recorded in it. When your computer discovers a new block, you receive a certain number of Bitcoins. Currently a block contains BTC 25. This number changes throughout time and gets smaller by the factor 0.5 every four years.
If you want to earn Bitcoins through mining, be aware that it is a costly and time consuming process. Read the respective introductions and manuals to learn more about it. This website is a good starting point. Unless you are mining just out of curiosity and want to get to know the technology, it is important to make a cost / benefit analysis. It is quite similar to what has been mentioned at the above BitcoinPlus entry. Hardware prices, electricity costs, bitcoin difficulty and the Bitcoin value influence the profitability of Bitcoin mining. If all this seems interesting to you and you want to earn Bitcoins from mining make your first calculations on the Mining Dashboard.

4. Earn Bitcoins from interest payments %

If you already have some Bitcoins, put your Bitcoins to work for you. Earn Bitcoins through interest payments by lending them out.
  • Lend directly to someone you know. This allows you to assess personally, whether you regard the borrower as trustworthy. Then the two of you only need to agree on the terms like duration and interest rate and off you go. The drawback is, however, that you probably will not have too many acquaintances who match your amount, duration and interest rate requirements. But it's a nice way to earn Bitcoins.
  • Peer to peer Bitcoin lending websites with listings from various borrowers are another option.Bitbond.net is such a peer-to-peer lending site. Borrowers publish funding requests and you can contribute to their loan. You can fund small portions of many loans and thereby diversify default risk. Bitcoin loans usually work the same way as fiat currency loans. The borrower gets a certain amount of money over a specified time and repays the money with interest. There are two things you need to be aware of when you lend Bitcoins. The site needs to be trustworthy and the borrower needs to be trustworthy. When the site assesses the creditworthiness of their applicants the information given about borrowers can be more credible.
  • Bitcoin banking like model. Here you place your Bitcoins as a deposit with a site that pays you a fixed interest rate on these deposits. As everything here, this method has advantages and disadvantages. The good thing is, that you don't need to diversify your Bitcoins over many borrowers. You just place your Bitcoins with your Bitcoin bank and that's it. You earn Bitcoins as a steady stream of interest income. However, be very careful. In the previous case of peer to peer lending you diversify your lending activity over many borrowers. In the banking model you trust one single borrower which is the bank. If they don't do a good job in managing your Bitcoins, everything can be lost at once. That's because the bank takes you deposits and invests them in assets, the most important assets usually being loans. If they do a good job you are fine because you simply collect the interest payment. If they don't do a good job you take the hit. An there is no deposit insurance in the Bitcoin world, too.
To sum it up, Bitcoin lending is a good way to make more Bitcoins from what you already have. And please notice this disclaimer: only lend through sites that you trust. Such sites will comply with theusual requirements that you expect from non-Bitcoin related sites as well. That means they have proper terms and conditions in place, they disclose their status of incorporation and contact details. Some sites in the Bitcoin world do not do this and in the end people wonder what happened to their Bitcoins. Therefore, when you earn Bitcoins from Bitcoin lending watch who you deal with and only use Bitcoins which you can afford to lose.

5. Earn Bitcoins from gambling - not suitable for everyone 

To be honest, I'm not a big friend of gambling. But it is a way to earn Bitcoins so in order to make this list complete it needs to be mentioned here. However, I won't list any links to gambling sites here. It's fairly easy to research them if you are interested. And if you clicked on some of the above links you probably already came across some Bitcoin gambling sites.

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Bitcoins

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures.

Why Bitcoins?
Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.


Acquiring Bitcoins


Buy on an Exchange
Several marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Mt. Gox is the largest bitcoin exchange.
Transfers
People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.
Mining
People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created. Currently, a winner is rewarded with 25 bitcoins roughly every 10 minutes.

Owning Bitcoins

Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC.








Wallet in cloud: Servers have been hacked. Companies have fled with clients’ Bitcoins
.
Wallet on computer: You can accidentally delete them. Viruses could destroy them.
Anonymity
Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed – only their wallet IDs. While that keeps bitcoin users’ transactions private, it also lets them buy or sell anything without easily tracing it back to them. That’s why it has become the currency of choice for people online buying drugs or other illicit activities.
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Sunday, 9 March 2014

6 Simple Tips to Rank High in Google’s Search Engine

Search engines such as Google are seen as black boxes that hand out page one search rankings for websites and blogs based upon secret and mysterious calculations. In essence that is true.6 Tips to Rank High in Google
Hundreds of scientists and mathematicians are constantly working in quiet rooms to increase the artificial intelligence of its search engine.
Some search engine optimisation experts  have used devious means to try and trick Google into getting ranked high in search results. This has been done via tactics such as “Black Hat SEO” that are used to try and fool Google. Google doesn’t encourage these activities and is constantly fine tuning its search algorithms to eliminate these practices.
Google’s objectives is to ensure that it is always delivering search results that users find relevant, interesting and also  timely. If they don’t keep doing this then people will stop using Google and then its $30 billion of revenue it earns off search advertising is under threat. Also breathing down its neck are rapidly growing social sites such as Facebook that indirectly are providing alternatives to Google (rumours are constantly circulating that Facebook is building its own social search engine). If Google doesn’t continue to deliver then its whole existence is heading for a slippery downward slope of Web extinction.
In the last 2 years Google has increased the importance of usability such as measuring the speed of websites and sites that are producing unique content , hence the targeting of content farms and de-ranking them.

Google Loves Unique Content

What Google does like is great unique content. We have seen the rise in importance of content creation and curation as a marketing tool over the last few years. People use the web to find information, that is why Google is putting such a high value on unique content. Creating great contagious content that begs to be shared such as videos, blog posts and ebooks also has a big side benefit.  That benefit is that people will link to your website or blog and hence Google gives you big ticks in its search engine calculations the more often back-links are created to your blog and website from other websites.
This is is where the tactic of “offsite optimisation” starts to make its importance and presence felt and should be included in your SEO strategy. This is the final stage of getting Google to like you.

Off-page Optimization

SEO experts generally agree that off-page link building techniques can contribute around 80% of the effectiveness in any SEO campaign. Off-page optimization or building links, is by far the most important activity for assisting us in getting our website well ranked in search engines. And the key driving force in this, is backlinks.

The Importance of “Back Links

A link, or back-link, is the link that you use to be brought to another page. Backlinks are incredibly important because they are basically like “votes” for your page that tell search engines that other webpages like and utilise your page for information. The more websites that you have linked or “voting” for your webpage, the higher your ranking will be. Though, not all votes are weighted the same, as links from the homepage of major websites, like the Australian Government australia.gov.au, amazon.com or facebook.com, are going to be worth a lot more than a lesser known website.
So here are 6 tips for easy link building:

Tip 1:  Competitor analysis

Assuming you won’t be getting many links from those major sites, there still are easy link building tactics available to you. Begin your link building campaign with a competitor analysis. Basically, you want to repeat what your best competitors are doing, as one of the key link building principles is to match and exceed your competitors. Meaning, if you can go through and match all the links they have, or at least a majority of them, and find a couple of other ways to get additional links that they don’t have, you will be able to easily surpass them in searching ranking results.

Tip 2: Content, content and content

As always, the best way to encourage people to link to your website, is by consistently providing new, compelling and useful content. Content, content and content, to steal a well known phrase.
Creating compelling, relevant and useful content; such as writing about your products, industry, general current market information with keyword oriented useful content will likely influence your website more than any of the other factor discussed here. After the Google Penguin update, regularly posted quality content is the recommended method to getting more traffic to your website. Ideally you should post at least 2 new articles per week, more being better, as Google will favour websites with frequently updated material that contains unique and relevant content. And if your website offers good content, other websites will naturally want to link to you as well.
When you are posting articles, don’t forget to apply the same principles of Title tag and Meta Description to your articles, and don’t forget to include your desired keywords or phrases.
Tips for SEO for Websites and Blogs

Tip 3: Guest blogging

Other ideas for a successful link building campaign include guest blogging. The general idea behind guest blogs is to get a link to your website posted on an already established website/blog. These links tend to carry more weight in Google because they are harder to acquire. Some sites will have very stringent requirements for the types of articles they will accept, so links from these sites have more value. Another popular and highly successful method is to contact bloggers or webmasters in your niche and simply ask them for a link. Or, ask to be a guest blogger for the sole purpose of getting the chance to link your guest blog posting back to your site. Establishing relationships with reviewers, authors, professors, enthusiasts, topic experts or anyone else who is operating a website in your niche area, whether it be through social networking or message boards, is a great way to build a network of people who might be willing to reference your website in their content.

Tip 4: Join web 2.0 site

Joining a web 2.0 site is an excellent method of developing search engine friendly links. If you are not familiar with the name, web 2.0 is the term used to describe websites that have a social networking component to them. Sites like Squidoo, StumbleUpon, and Delicious generate most of their content from the site users themselves. These types of pages facilitate interactive information sharing as well as collaboration, where you yourself can add articles that include up to 9 free backlinks per article to your website. Don’t duplicate any of your existing articles on your website and use them for either Squidoo or HubPages though, as search engines are filtering out content that way.
The best way to build links and create strong SEO benefits through Squidoo.com is by creating unique content that focuses on your keywords. Always try to incorporate multimedia, such as videos or images to gain more trust and authority quickly. It only takes a few articles until you’ll be able to add on a number of backlinks in your articles to your main site. I also really like Squidoo’s RSS feed widget, as this gives nice backlinks plus context to the links, which is great for search engines.

Tip 5: Vendors, Partner testimonials

Always give online testimonials to your suppliers, business partners or anyone else you can give a testimonial to, as it is a great way to get free backlinks from legitimate websites. Don’t forget to include your strategic keywords into your testimonials and hyperlink it back to the appropriate webpage from your website.

Tip 6: Link request to your connections

And finally, source your own networks for possible opportunities to build more links. Business contacts, suppliers, distributors, family members, friends, even your children’s school, all have the potential for providing you backlink opportunities. If you have been nice to them and they like you, ask for a free backlink on their website. Of course, the higher page rank or relevant websites you can link to, the better. If you can manage to obtain powerful and valuable links from websites like edu.com, that would be highly beneficial to you SEO efforts.
There are a lot more tactics involved in SEO to help you compete and surpass your competitors in search engine ranking results. The aforementioned tactics are basic initial strategies that help build a strong foundation and starting point for your SEO efforts, and will immediately help you move your website traffic and search engine ranking results to the next level.
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