- BitMiners Australia
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Bitminers.com.au was one of the original suppliers of bitcoin and bitcoin mining related equipment in Australia.
We are now rebuilding the website to become a leading website in all things bitcoin, with a strong focus on buying, selling and mining of crypto currencies.
Resources that assist individuals and business to engage in crypto currency and related ventures will be posted on this site to help generate traffic and promote awareness.
Please visit our sponsors and partners to allow us to build our website faster. Advertising does help!
We may change our partners, products and marketing systems from time to time.
If you have any suggestions please contact us via our management team working at AU.HYBRID.NZ
Bitcoin has no physical properties and is stored electronically.
What really makes bitcoin different to standard currencies is that’s completely decentralised.
No single financial institution manages the Bitcoin network.
You can mine your own bitcoins.
Satoshi Nakamoto wanted to create an electronic currency that was based on mathematical theory rather than fluctuating markets and economies.
Bitcoin doesn’t physically exist, in theory, so it can’t be manipulated by anyone.
Bitcoin is a community currency.
Rather than being traditionally printed bitcoins are mined in a distributed network.
There are a set of rules and regulations, known as the Bitcoin Protocol.
The Bitcoin Protocol states a maximum of 21 million bitcoins can ever be created.
The smallest denomination of a bitcoin is known as a Satoshi.
The blockchain is the public ledger of all of the bitcoin transactions that have taken place.
Each computer that is connected to the Bitcoin network receives a copy of the blockchain.
The blockchain is home to every piece of bitcoin information.
The blockchain acts as a permanent database of bitcoin transactions across the globe.
A block is the up-to-date part of a blockchain which records the transactions, and once the block is complete it gets added to the chain.
Each block in the chain is linked to every other in chronological order.
The main problem with the blockchain is its size.
Bitcoin has six unique characteristics that set it apart from the everyday currency.
It’s completely independent. The bitcoin network is free of governmental or financial institution control.
It’s easy to get involved. Anyone can set up a bitcoin address; it only takes a few seconds, and there are no fees and no questions asked.
Users remain anonymous. Bitcoin users can have multiple ‘accounts’ that aren’t linked to items of personal information.
It’s as transparent as it gets. You remain anonymous as a user, and there are simply no grey areas when it comes to managing the flow of bitcoins around the world.
Minimal Transaction fees. The charges for a Bitcoin transaction are negligible; we’re talking tiny percentages.
It’s quick and easy. Payments completed online with things like debit cards or PayPal are instant, and Bitcoin is no different.