Bitcoin is similar to the U.S. dollar, the euro or the Mexican peso – except that it is not controlled by any country. Bitcoin is a “cryptocurrency”, a cryptocurrency is “is a type of digital currency which in turn is a type of alternative currency” as defined by wikipedia. From a consumers perspective bitcoin is almost the same as paypal. You have an online wallet, just like your online paypal account, and you can do everything from purchasing items online to sending money to family and friends.
Cryptocurrency (Bitcoin being one of about 30 different currency’s in the moment) is the future of money and how the online world will operate. Currently, there are several online and even local merchants which accept bitcoin, and there are few services which allow you to have a debit/credit card attached to your bitcoin wallet. Most bitcoin wallets allow you to instantaneously convert your Bitcoins into dollars, and directly deposit those dollars directly into your account, in less than a few minutes. So in other words, Bitcoins are Dollars in digital form.
Take a look at this video below to understand what a Bitcoin is, it pretty much sums it up nicely.
Now that you have an idea of what a bitcoin is, lets talk about Bitcoin mining. Bitcoin mining is just a fancy way of saying “generating bitcoins”. Much like a computer, there are several components which all work together to provide the end user with an desired result or experience. In this case, the experience is generating, or more over digitally printing bitcoin. Which in other words is digitally printing a currency which converts into dollars and is then deposited into your account. It’s not the easiest concept to grasp right off the bat, and it’s somewhat unbelievable, so we’ve provided another video to help all the bitcoin beginners out there.
Take a look at this video below to understand what are Bitcoin Miners and what Bitcoin Mining is.
So what do we do? We at Advanced Mining Technology (AMT) provide everyone with the possibility to generate and “mine” bitcoins from their home. But not just bitcoins, with our machines you can mine more than 50% of the digital currencies on the market. And all of those currencies, convert into dollars via exchanges or your bitcoin wallet.