Of course, you can accept payment directly in bitcoin yourself with no 3rd party required - using your own wallet.If you do not want to use an exchange, sites such as Shapeshift have appeared which will convert between different coins for you without an account. (you just need a wallet address for each coin).
The first most notable (as of 2013) is Litecoin which uses a 2 minute block time instead of 10, and uses Scrypt instead of SHA-256 for hashing.New coins sprung up to solve this problem, some notable ones are.If you are a solo miner, then you get that reward all to yourself.The standard claiming condition and claiming script as used by simple transactions transferring bitcoins.It was created in 2009 by someone (or someones) who referred to themselves as Satoshi.Another great graph based site with alarms and many alt-coins is: BitcoinWisdom.
If you live in the US, the most widely used method of purchase is Coinbase - link.This would not be a good thing, as fungibility is a requirement of a currency system.
The wallet also contains the private key associated with the change address(s).Vendors will and are arising to accomplish this task for you as well, as easily as possible.
Paper Wallets - Wallets that are printed on paper and stored entirely offline. ( BitcoinPaperWallet, BitAddress ).Bitcoin founder Satoshi Nakamoto has already set a finite limit on mining.Other notable implementations that run the same base software (and thus, the Bitcoin Protocol) are.So it is possible for a bitcoin to - in the future - NOT be fungible.
A great Android app to check price (and get alerts) is Bitcoin Checker.
One bitcoin currently has the same value as another, there is no difference.A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC. In the.The first miner to provide the proof gets the btc reward called the coinbase.
I would say maybe 1 in 1000 Bitcoins that have ever been mined are.Typically, if you want to convert back to FIAT you would use a merchant account system.For a quick and easy way to determine the value of your Bitcoin in fiat money, check out this Bitcoin exchange calculator.However, the community seems to have disproved that this data is correct.An Alt-Coin is simply another coin that has been created using the Bitcoin Protocol as a basis.
The majority of miners, are in pools and share the reward with everyone who contributed.