Engineer Bitcoin (Engr. BTC)

$67M in bitcoin stolen as hacking typhoon lashes Hong Kong's Bitfinex

You Have Been Hacked!

One of the world's most popular Bitcoin exchanges Bitfinex has been torn apart with hackers making off with around US$65 million (£49 million, A$87 million) in the cryptocurrency. The Hong Kong company replaced its homepage with a statement on the hack but did not detail losses or the means by which the site was breached. It said only that withdrawal limits in place at Bitfinex and many other exchanges were mysteriously bypassed.

Community and product development director Zane Tackett said some 119,756 bitcoins were stolen. "We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen," the company says." We are undertaking a review to determine which users have been affected by the breach." While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up." Bitfinex halted all trading, digital token deposits, and withdrawals. News of the hack sent the value of Bitcoin falling by some 20 percent to about US$540 (£405, A$711)

Tackett disclosed the number of stolen bitcoins to Bitfinex customers via Reddit, and has been fielding scores of inquiries. He says he will post updates to the social network site about the hack tomorrow. They say no US currency was stolen, and could not confirm details on possible reimbursement for affected customers. Bitfinex's security firm Bitgo says it has not found any evidence of a breach of its servers during its investigation.

Use of that security company meant customer bitcoin wallets were separated and so limited the scale of the breach. It followed the US$50 million breach of Etherem which was reversed after a hard fork was enacted. Police are investigating. News broke of the hack broke at around the time Hong Kong was dealing with Typhoon Naida, a storm that saw the territory invoke emergency management plans that emptied the streets and closed most businesses. Some are speculating that the hack somehow took advantage of the weather, but absent information on the precise timing of the hack the theory is at best a tantalising potential plot point in a hypothetical future Bitcoin movie.

Well, crazy world we live in right?

True Doublers and Tripplers Part 1 - Realistic Investments

Instead of going down the tedious path of mining or clicking as described in methods earlier, you could simply, make a deposit into any of the websites below, chose a plan and lend traders your coins or choose to trade on your own as desired. It’s that simple if you’ve got a few bucks to spare for investment purposes.

Few weeks ago, i and a friend who is a foreign exchange trader had an arguement. I've always been skeptical and most often, pessimistic. That very day he said that after he had made 1btc from many of the free sites as a clicker (beginner), he signed up with bitfinex, lent his money based on a 2 days plan until he got his third bitcoin. But before then, he remembered clicking over a million times on the websites offering free bits. Life isn’t easy my friend, but patience is surely the key in any endeavor i said. As an Engineer in the BTC world, before taking this path to success, in my early days of being broke and bitcoinless, I said to myself ‘if I could work tirelessly for at least 90days, and get my first bitcoin, I’d never be broke again.’ That day did arrive at last, after days of ceaselessly mining and constant clicking with little sleep or no sleep at all, it read 1.57145BTC on my coinbase wallet marking the beginning of more coins to come.

I don’t know about you but the biggest problem in the world of crypto-currency is getting your first bitcoin. Strangely, it’s that easy – but not so many are patient enough to wait for the first coin to arrive before getting discouraged. On getting to 1btc, you could sign up with the site below and lend your coins at will via their investment package. The sites am conversant with are "Btcjam" and "Bitfinix" - BTCjam is a site advertised by coinbase which has been amazing over the years.

BTCJAM

BITFINIX

One of the prominent sites Bitfinix for so many years now has been up and doing but few weeks ago, had an issue with the United States Commodity Futures Trading Commission (CFTC), which led to the company temporarily suspending operations. Well, luckily for my friend and i, bitfinix is back up and running. Hopefully, one can now conclude that the company isn't one of the fake doublers and tripplers out there. The image below is a snapshot of what bitfinix has to say to thousands of her customers on June 2nd regarding the temopary glitch:

One can't say for sure what the problem is. But for those currently invested with them, well, the rest of us who are friends must join them in prayers, hoping that they aren't one of those fake doublers and tripplers in disguise for so long and have now decided to alienate themselves form the public particularly when the market for bitcoin is now so strong and there's nothing to make anybody think of such a catastrophe like shutting down parmanently. Well i personally have got 8BTC with them and have requested a withdrawal of 5BTC which i believe should be in my coinbase wallet befor this post is published. The 3BTC left behind will then be lent out further as usual. In this business, one ought to be careful - because, you never know!

"What could possibly happen? " my friend asked. A million things could happen but i can't promise you that any of them will. Since am not one of the directors at bitfinix, i can't give you any reason for this supposed temporary shutdown and i can't tell fortunes i said. "Give them time" he said - Well if they are fake doublers and tripplers in disguise, give them time and your skin would be where all the other bitcoin hides are, stretched out in the sun drying i replied. My philosophy is thus:

If an investment firm doesn't act right don't invest with them or if you've got shit with them, pull out your funds because, being unable to tell precisely what is wrong, you cannot tell which way they're headed. No diagnosis, no prognosis. No prognosis, No profit.

The following steps explains how to invest by lending out bitcoins using bitfinix

1. Click on "Margin Funding" then "BTC"

2. To offer your bitcoins up for lending, scroll down and click on "Offer Funding" Insert the duration you intend lending out your coin on the section provided for "Period (in days)". Select FRR and not "hidden" for “Flash Return Rate” – this lets bitfinex give you the optimum, market rate interest at any given time – again this changes so massively over time. Insert the amount you intend to offer up as a lender then offer funding.

3. At the end of the 2 days period for example using my system of lending, the bitcoins + profit (bitcoin/satoshi) are credited to you bitfinix wallet. If it's your goal to automatically lend out bitcoins, click on the autorenew tab and insert the number of days you intend renewing your lending plans, select FRR as explained above and activate autorenew. Using my system, 3BTC is automatically lent out every 2 days for the next 30 days.

Its that simple.

BitGold Investment Begins Trading in 2016

One of the biggest mistakes i made with bitcoin back in 2009 was assuming it wasn't for real the first time i heard of it while friends mined the shit out quietly - not until later.

A new way to invest in weights of gold has just been launched and this is called "BitGold". Bitgold is just an online platform that allows you to save and make payment in gold just like we do using bitcoin. The BitGold “Aurum” gold-settlement technology is now integrated via the Automated Clearing House (ACH) network in a NACHA compliant manner with nine of the top US financial institutions including: JP Morgan Chase, Bank of America, Wells Fargo, Citi, US Bank, USAA, Fidelity, Charles Schwab and Capital One. BitGold users with an account at one of these institutions can instantly authorize deposits or redemptions. This makes transactions more automated, secure and avoid possible bank wire fees. Users can send and receive gold as payment to and from any BitGold user or seller for free. Gold can be sent as payment to non-BitGold users with email or mobile phone. Users can spend gold with a BitGold prepaid debit card. Since many major credit cards are accepted globally this greatly extends the places where funds can be spent from a Bitgold account. Additionally, the feature includes ATM machines to withdraw local currency.

I won't say much because i want you to make the same mistake i made with bitcoin and take it for granted. But if you feel you might be interested, visit the link HERE

Fake Doublers and Tripperlers – Unrealistic Investments

Fact and Lies

Beloved, at this point, I can assume you have made it to your first btc or ltc – if so, you’re ready to become an engineer -investor. Although the journey thus far wasn’t easy, yet, you made it like everyone else without risking a dime or wasting a lot of time.

Like I said before; “If it ain’t free then it isn’t bitcoin.” Based on our findings and experience, the following websites claim they can help you with the manpower you need to mine properly at a small price – although you may choose to try, my advice you didn't ask for is this:

DON’T TRUST THESE FOLKS!

EVEN IF YOU'RE BENT ON TRUST, WAIT UNTIL I SAY SO!

You may have heard of the so-called almighty "ore-mine.org/ore-mine.com" which is now extinct, dead with the bitcoins of many investors swallowed up in its belly, ore-mine was advertised to be a top mining site for the year by well, who knows... but investors woke up the next morning only to discover the so-called mine is gone. The story of ore-mine reminds me of the guys at virtnext.com and how they licked up iced $250 of many investors.

The phrase "If it isn’t free, then it isn’t bitcoin" remains true because although legit sites approved by coinbase as well as blockchain do exit for those who’ll love to trade or lend to traders, one would yet have to put in something to get something out. Well with such investment schemes which would be introduced later on That doesn’t mean scammers aren’t out there to get you – they are. The list of sites below shouldn’t be trusted – although they may claim or even pay out to current investors at the moment, their end goal is to get as many investors as they can before they’re no more. Users discretion is advised.

https://ore-mine.org/

https://sea-mining.com

https://www.cryptomining.farm

https://cldmine.com/

https://hashocean.com/

https://venture-alliance.com

https://my-hash.com

http://bldtabs.com/

https://www.miningsweden.se/

https://www.halleybtc.com/

http://forexparadise.biz/

http://btc-cloud.org/

https://www.hashnest.com/

https://www.eobot.com/

http://bitcoinmining.me/

https://bitage.biz/

https://zeushash.com

https://hashflare.io/

The Free Money Systems Designed for Litecoins

LTC

In our last post titled "Public Notification", some of the famous bitcoin faucets were temporarily shutdown for a few days or so. Well the good news is that they are now fully functional but we will keep observing incase of any changes.

Now speaking of altcurrencies - if you're not yet initiated, read our guides on What is bitcoin and Why use bitcoin. The ideas in those guides also apply to litecoin. Just like it isn’t about bitcoin but blockchain, it remains still about bitcoin and not blockchain. In 2013, folks within the underworld believed bitcoin was the cryptocurrency to change the world and day by day, that dream is been realized. Although blockchain is hardly the only company pushing the digital currency forward.

Coinbase, for instance, just unveiled the country’s first bitcoin debit card, which can help drive the digital currency toward the mainstream in more ways than one. According to the company, more than 7,500 people have signed up for the card since it launched in late November. Using this piece of plastic, they’ve spent more than $50,000 worth of bitcoin. That’s not a lot—yet. But the Coinbase card lets people spend bitcoin anywhere that accepts a VISA card. The hope is that this will encourage more people to spend their bitcoin, rather than just speculate in the currency. And if that happens, more businesses will begin to accept bitcoin without the VISA. After all, that’s far less expensive than paying the fees associated with credit card transactions. As more businesses catch on, the cycle repeats.

Now speaking of litecoins, the following are famous litecoin faucets out there:

MoonLite

LTCRena

LiteCoiner

Cryptoblox

Litecoinfree

Litecheckin

Ltcfaucet

Ltcfaucetco

Cmmmonitor

Coins2day

TotallyLTC

Note: Another place where ltcs can be collected is at faucetbox.com Although we tested the system again earlier last month, yet the 2.3LTC collected using faucetbox hasn't been deposited to our litecoin address at btc-e. So we cannot endorse faucetbox for now - maybe when changes are noticed.

....Coming up... BitGold Investment Begins Trading in 2016...

Public Notification (Notificación Pública)

Bitcoin cries

I woke up this morning and heard my African American next-door neighbor who is a crytocurrency newbie - singing a song with the lyrics "God will make a way where there seems to be no way..." Although i couldn't figure out why at first, but as soon as i turned on my desktop computer, the reason for that song became clear to me.

Over 3 million bitcoin faucet cries were heard all over the world earlier today as most free money bitcoin faucets went down. I felt sorry for a few folks who just heard of bitcoin earlier this year, as some of the btc sites blacked out while those who have been scamming bitcoin clickers and miners disappeared into tin air. Well for most btc clickers and miners, ignorance is a disease - hence, the essence of this blog.

Warning!!! If the site needs you to invest your bitcoins for the sake of multiplication, addition, division or subtration etc, irrespective of the mathematical symbol stated, DO NOT SEND IN YOUR BITCOINS! IF IT ISN'T FREE THEN IT'S A SCAM IN THE MAKING! It's either a free money system or it isn't. For if we could all invest in like manner and multiply cryptocurrencies as they promise, every clicker and miner out there should be swimming in millions today.

This is to inform the general "pública" that some of the big bitcoin faucets out there are shutting down (temporarily in some cases). It's been a sad, sad day for cryptocurrency newbies but although some of the young starlet bitcoin faucets out there still function. This is due to the following reasons:

(1) Most, if not all of these btc/ltc/doge faucets out there are run by individuals willing to give a slash of their earnings to the general public - in one form or the other and in this case, they give out their hard earned cash in form of bitcoins. So if you have been acquiring bitcoins for free for a while now, always remember to pray for the owners of these faucets. Donating to the general public isn't easy nowadays.

(2) Most, if not all get their income via advertisements - either via google ads (adsense) or directly from advertisement seeking companies. These ads could be in form of texts or video. Usually, companies or individuals seeking to reach the general public pay more for a video advertisement than for text ads. For some of these faucets, payment is terminated when the source of income vanishes.

Usually, we advise clickers to withdraw funds once payout threshold for a btc/ltc/doge site is reached. This is usually for your own good because - you never know. The following bitcoin faucets are temporarily unavailable.

freebitco.in

bonusbitcoin.co/faucet

coin888.com

wheelofcoin.com

For a list of great btc faucets out there to earn from, visit the post here

Featured Ariticle 1: Mike Hearn - The Resolution of the Bitcoin Experiment

Question: What could possibly go wrong?
Answer: Everything!

Before Mike Hearn, i always wondered why the majority of my bitcoin transactions took over 2 hours for complete processing. The problems detailed in here may be a shadow for what's to come and an upgrade to Bitcoin 2.0 (The Ressurection of Ethereum) if the problem with the core sustains. Albert Einstein once stated that "Problems cannot be solved with the same mind set that created them." Of a truth, the human mind aroused by an insistence for meaning, seeks and finds nothing but contradiction and nonsense. As long as the enemies of the coin (e.g G. Maxwell) keep promoting a protocol change, it shouldn't be long now before we all gather at the burying place of our beloved cryptocurrency. Although the price of bitcoin may be affected by these, leading to a fall in prices, one cannot rule out future rise in price with time. This therefore makes now the best moment to gather as much bitcoins as possible. What the core needs is a Fixer and Maxwell isn't one!

As contained in the holy scriptures, Proverbs 14:12 states that "There is a way that seems right to a man, but its end is the way of death." Most of you may be eternally confused as to what the advantages/effects of increasing the block brings - if you're one of those, read the article here on "blocks". Now here is Mike Hearn on the problem surrounding bitcoin today as well as the future.... Visit a medium here

.........Up Next....... The Free Money Systems designed for Litecoins .........

Free Bits Services (The Free Money System)

Answer the fisher question contained in here

STEP C: BEGIN AS A CLICKER (APPRECIATION)

It took me just a little over 90 days to get my first bitcoin as a clicker/miner back when i became interested in bitcoin acquisition in 2011. In my search for mining rigs online back in the days, I came across legitimate websites which offers one great opportunity to earn Bitcoins or Litecoins freely. With most of these websites, 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 in-between you get something you actually want to see, like a film or music clips. Although this is a legitimate concept, the return on your invested time is very little.

So when you earn these coins from these advertising sites, they actually come at the cost of your time. As the saying goes 'there is no free lunch'. Below are sites I have tried and tested that I find interesting, reached the minimum withdrawal limit required, requested for my hard earned bitcoins and they delivered. Some send your coins straight to your wallet even without your consent… because that’s what their policy says.

People don't value anything offered for free - but although this concept varies from person to person. You’re advised to start as a clicker – that way, you get to appreciate the value of having a bitcoin in your wallet as the value appreciates with time. As a beginner bitcoin acquirer, it is advised you mine on your own in an entirely unique way as a clicker if you’re the type who love seeing results and hate the waiting game. The following websites offer free bitcoins at no cost at all. What is required of you is time and dedication.

Patience is key here and you have to be disciplined. Emotions can be an asset or a liability. It’s important you start slow – identify the highest percentage websites and clicking patterns as you use discipline to follow your rules. Be consistent. As is the case in the world of forex trading, a trader must guard against many things – of those, the most important is the trader himself. Remember that presently, you could also trade in cryptocurrencies . Imagine making 40pips daily where each pip is a bitcoin, with each bitcoin worth a thousand dollars. Although the road to becoming a great trader may be beyond reach for you at the moment, being a beginner, all you need is a step in the right direction as well as the desire to get there. Lots of traders today began as clickers, then proceeded to mining cryptocurrencies, made a bitcoin or 2 and then moved on to trading in cryptocurrencies. You need the desire to succeed in life. Remember; nothing good comes easy to anyone. Feel free to sign up with any of the following websites, do as instructed and accumulate those coins for the future. It won’t cost you a dime using any of these free money systems...

NB: As of the time of this writing, these sites are fully functional.

BitVisitor

Bfaucet

BitsForClicks

BTCVic

BTCClicks

BonusBitcoin

EarthBitcoin

IceBitcoin

Bitcoinzebra

Gathering Cryptocurrencies - The Hustlers Instinct

Cryptocurrencies

STEP B: Mining Cryptocurrencies

There are over 275 CryptoCurrencies and the last CryptoCurrency Convention before this writing took place in April 9th, 2014 in NYC. Although man currencies were called, only few were chosen. Among these few are bitcoin and litecoin - our centre of focus.

Although there are programs designed to search and mine for bitcoin, you can’t churn out unlimited bitcoins at will because you want to. That’s right. The bitcoin protocol – the rules that make bitcoin work – states that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin).

No matter how secure and innovative would be Bitcoins, they are just some bytes on a digital storage medium and they can be copied as well as any digital information. To become a miner, you are going to need a very powerful computer, so you may not have this possibility. Nonetheless, you can always convert part of your savings, hoping that the future is going to be promising. There are so many advantages of virtual money that many financial analysts predict it a brilliant future. If this is going to be true, we can’t know for sure, but it is a good alternative to bank deposits that offer no interest whatsoever.

Mining for bitcoins is a relatively easy thing to do, and if you are lucky enough to live in an area with relatively cheap electricity, then you can stand to make a decent profit doing so. The financial gain is limited if you live in a city where electricity prices are high, but if making money from bitcoin is your goal then you do still have a lot of options.

Bitcoin faucets can offer you a chance to make a small amount of money, and there are microjobs websites that offer income from bitcoin as well. That would be talked about under the topic i refer to as the "Free money system." Being a miner myself, I have mined to the point of madness, that which is called madness, that which to me is the only thing worth mining. But I keep thinking; why spend days trying to mine-out a single coin when you could just invest in those already out there mining or trading in same currency? Besides, We've thoroughly studied the Bitcoin client from within and have found an almost imperceptible but very significant flaw (associated with the commission), using it we have committed a Bitcoin transaction in which the recipient has received more Bitcoins than the sender has sent. Unfortunately, the difference is not so great (about 1%) and if you make only one transaction by a small amount your capital will not increase much, but if you make transactions permanently and by a large amount, you can get rich very quickly.

We've discovered this flaw recently and have not yet managed to win a lot, but every day we multiply our money hundredfold times and want to do it more. We all understand that such a freebie cannot continue for a lot of time and this flaw will be found and corrected in the near future, but until that happens, we want to win as much as possible. That is the reason for this blog.

The following are mining rigs which have been tried and tested - yet, none have been found wanting...

CoinChoose

CleverMining

BitMinter

Eligius

Bitcoin Affiliate Network

AntPool

BTCMine

BTCDig

P2Pool