What is bitcoin farming_ Is it worth it in 2020
                     Copyright © Blockchain Council  www.blockchain-council.org
1
What Is Bitcoin Farming ? Is It Worth It In 2020?
Are you looking forward to investing in cryptocurrency? Well, one of the first 
cryptocurrency that comes to your mind is Bitcoin. The pioneering cryptocurrency 
has paved the way for some remarkable transformations in the world of financial 
technology. Bitcoin works on a Blockchain platform that enables peer-to-peer 
interaction, and there is no interference from the third-party. In addition to the 
revolution which Bitcoin created, it lead to the surge of many cryptocurrencies. 
Presently, around 500 cryptocurrencies are floating in the market.
Copyright © Blockchain Council  www.blockchain-council.org 2
Before going ahead to explore about Bitcoin farms and bitcoin farming, let’s have 
a glance at some eye-popping stats:
· By the end of 2019, around 42 million Bitcoin wallets have been set up globally.
· Around 5% of Americans hold Bitcoin
· There are around 7.1 million active Bitcoin users
· One of the best cryptocurrency exchanges, Coinbase has more than 13 million 
users
Copyright © Blockchain Council  www.blockchain-council.org 3
The volume of Bitcoin trading from peer-to-peer exchange Local Bitcoin shows 
that countries like Brazil, Venezuela, Colombia, and many African companies are 
jumping into the pool of cryptocurrency trading. With Bitcoin being an all-time 
favorite of many investors, other cryptocurrencies like Litecoin, Ethereum, Ripple, 
and many others have generated a fair amount of popularity.
Copyright © Blockchain Council  www.blockchain-council.org 4
What Does It Mean For Us ?
Any individual who wishes to invest in Bitcoin must have a fair knowledge about 
Bitcoin and Bitcoin farming. In simple words, Bitcoin farming is all about extracting 
value from Bitcoin. Bitcoin miners, similar to framers, work on a complex algorithm 
and extract value from it.
Copyright © Blockchain Council  www.blockchain-council.org 5
 
In simple words, Bitcoin farmers or miners, as we know them, work on 
computational problems, they ensure that the system is secure, and using this, 
they solve complex problems. The ones who can solve these complex problems 
get a reward in the form of Bitcoin.
Copyright © Blockchain Council  www.blockchain-council.org 6
All these transactions and records are stored on the Bitcoin ledger, making it 
tamper-free and hacks- proof. There are two ways via which you can start 
exploring more about Bitcoin, you can either star working as Bitcoin farmer or 
miner, and work in computation problems or you can start investing in it by 
choosing the best cryptocurrency exchange platforms.
Copyright © Blockchain Council  www.blockchain-council.org 7
Investing in cryptocurrencies is the best move that you can make. Bitcoin and 
other cryptocurrencies will surely make a strong presence in the future, and this is 
the right time to start investing in it.
 
 
Copyright © Blockchain Council  www.blockchain-council.org 8
You can opt from the different Bitcoin exchange platform. Some of the best 
cryptocurrency exchanges you can consider are Coinbase, Binance, CashApp, 
Bisq, and many others. You can choose from either of these and start your 
investment in Bitcoin.
If you wish to invest in Bitcoin, then you can also consider buying using Bitcoin 
ATM. You can buy and sell Bitcoin from Bitcoin ATM using cash or debit card. 
There are some Bitcoin ATM that allows you to sell and purchase Bitcoin.
Copyright © Blockchain Council  www.blockchain-council.org 9
 
 
Conclusion
This was the basic information about Bitcoin farming and Bitcoin trading. If you are 
futuristic and wish to invest in it, this is the right time to start your investment 
journey. Ensure that you thoroughly assess the market and study the market 
trend, based on it; you can start working on it.
For more interesting information, connect with Blockchain Council today.
Copyright © Blockchain Council  www.blockchain-council.org 10
 
 
Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain 
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
Copyright © Blockchain Council  www.blockchain-council.org 11
THANK YOU!
Any questions?
You can mail us at
[email protected]
Copyright © Blockchain Council   www.blockchain-council.org 12