We’re excited to announce that we now accept Bitcoins as a payment method. Bitcoin is an innovative payment network, a digital currency with users privacy in mind. This new payment method is perfect for the ethnobotanical/smart shop industry, it lowers processing costs considerably and allows us to provide you with must even more affordable Salvia pricing ! See below to learn more.
Bitcoin is a peer to peer decentralized currency that enables instant payments to anyone located anywhere in the world. It has no central authority, so managing transactions and issuing money are carried out collectively by the P2P network. For more information on Bitcoin, you can visit Bitcoin.org.
GET STARTED WITH BITCOIN TODAY!
1. Get A Wallet
Before you can begin to get bitcoins, you first need a wallet.
A Bitcoin wallet is a digital wallet which stores your Bitcoin balance and allows you to transact with other users online and offline. All wallets can communicate with each other similar to emails, so you can send and receive bitcoins to anyone regardless of the type of wallet they use. You can get one free here.
There are several ways to get bitcoins:
- As payment for goods or services.
- Purchase bitcoins at a Bitcoin exchange.
- Exchange bitcoins with someone.
- Earn bitcoins through competitive mining.
2. Shop SalviaExtract.com
Once you have your wallet setup and ready to go, you can begin shopping with all our Salvia & Ethnobotanical products available from SalviaExtract.com!
WHAT IS BITCOIN MINING™?
Bitcoin miners run specific software on their computers to help collectively solve very large and complex problems. Much like “SETI at Home” or “Folding at Home”.
Every transaction that takes place using bitcoins is recorded in a public ledger called the block chain. Basically, the block chain is a history of all confirmed transactions and a record of how much each bitcoin wallet has. Think of it like an army of accountants constantly writing who has how much and who paid whom in a huge piece of paper for all to verify (the block chain). The process called bitcoin mining™ confirms each of these transactions before it is saved into the block chain. On a few occasions, a transaction is really a reward of several bitcoins. This reward is what gives bitcoin miners the incentive to mine. Because the process of searching for bitcoin takes a lot of effort for computers, it is has come to be called “mining”.
So, how do I get started on this mining gig?
Like many things, mining for bitcoins can be quite easy or very hard. Today, we have custom solutions for your needs.
Once you have your wallet and hardware ready to go, all that’s left is getting your own mining application and you’re ready to start mining!
Categorised in: News
This post was written by Sean Duncombe