The Bitcoin revolution is taking off throughout the world. This is what Amit Bhardwaj GainBitcoin CEO will tell you. And just ask those in Venezuela, as Venezuelan internet users toyed around the idea of a rare Pepe as they bought and sold Pepe-themed, Bitcoin-linked trading cards as a way to deal with the socialistic economic control of their regime. But the creator of these clever Bitcoin trading cards is forced to remain anonymous due to the extreme dangers of using them in the totalitarian government.
According to those asked, 80 percent of business in certain areas have closed down within the past year. Larger businesses that have been able to survive were forced to lay off 90 percent of their employees. If you haven't been paying attention to the news in Venezuela, they've been taking these Pepe-linked trading cards and saving their businesses thanks to Bitcoin.
India’s Bitcoin Revolution Has a Name
Unlike in Venezuela, India’s Bitcoin revolution is out in the open. And those who are pushing for its growth don’t have to hide who they are. One such man is Amit Bhardwaj, GainBitcoin CEO, and a well known supporter of a free economy through the use of Bitcoin. Among other Bitcoin-based startups either under his ownership or he invested in is GBMiners, Amaze Mining & Blockchain Research, and CoinBank Wallet.
Before Amit Bhardwaj undertook the launching of GainBitcoin.com in 2016, he decided to go ahead and shut his first Bitcoin related business HighKart so that he could focus on what was most important to him: mining Bitcoin.
What Is GainBitcoin
GainBitcoin is an online Bitcoin mining operation that allows investor who doesn't have the money to purchase their own Bitcoin, nor have the capital to purchase the necessary mining equipment, can join GainBitcoin.com and buy into the hashing power needed to mine for Bitcoin. This is the goal of Amit Bhardwaj: to make it accessible to everyone.
What is revolutionary about GainBitcoin.com is that you get paid automatically on a daily basis. A participant can also stop automatic payments and save their BTC shares to purchase additional hashing powers. Instead of mining Bitcoin alone, GainBitcoin they use their hardware to mine different kinds of cryptocurrencies at once. They used the other mined crypto currencies in order to exchange them for Bitcoin so that their users don't have to spend the time to.
What Is MiningBitcoin mining is not something easy to do. Blockchain controls the entire Bitcoin process, from its inception to its going into someone’s virtual cryptocurrency wallet, and so on and so forth. Bitcoin is derived from miners solving complex algorithms. And those complex algorithms require powerful computer software to solve. The more players get into mining the more complex the algorithms become. This is why Amit Bhardwaj launched GainBitcoin - to make it easy for anyone to join the Bitcoin revolution.
A Little Bit About Amit Bhardwaj
Amit Bhardwaj was interested in Bitcoin as far back as 2009 whenSatoshi Nakamoto first released his white paper explaining what and how Blockchain and Bitcoin work. When Amit Bhardwaj was asked about India and the issue of Bitcoin, he had this to say:
India is still getting there, but before the full-fledged acceptance of bitcoins, we will need a policy-level framework to come into existence. People need to know that these transactions hold legal tender before they can start using bitcoins at scale. Once the government or RBI recognises it, then there will be no looking back as the talent pool in India is so huge that within weeks we will have multi-fold adoption of blockchain technology in various fields which will pave the way for cryptocurrency to be integrated seamlessly.
“The times could not be better for Bitcoin adoption especially with Indian economy’s biggest currency notes being demonetised recently.” What Amit Bhardwaj means by this is that India is the largest inward remittance market in the world, along with having the largest unbanked population.
Now Amit Bhardwaj and the team at GBMiners has launched Satoshi Studios, South Asia's first Blockchain incubator. They wistfully named their startup after the enigma creator of Blockchain and Bitcoin Satoshi Nakamoto. They are inviting entrepreneurs from the Southeast Asian region as well.
Amit Bhardwaj’s Optimism
Here is something important that Amit Bhardwaj said: "Our vision is to build New Delhi as the blockchain knowledge hub of Southeast Asia.” And Amit Bhardwaj is right on point here. Amit Bhardwaj also stated, “These are very early days for Bitcoin in India. People have more skepticism than fundamental understanding of the concept, once this threshold is crossed, Bitcoin will witness both the demand and adoption of the world’s 3rd largest economy and the world’s largest inward remittance market.”
Amit Bhardwaj advised that rather than influencing those interested in Bitcoin to be mediocre traders, it is better to make them a part of the Bitcoin mechanism. Amit Bhardwaj and those at GBMiners have the goal to get speculators and traders to invest in the mining of Bitcoin. This method helps investors gain an understanding of the industry, as well as giving them a better idea concerning Bitcoin technology and the economic benefits it has.
“These are extremely exciting times to be a blockchain and cryptocurrency believer in India, with the recent move by Government clearly exhibiting the inherent risks associated with centralised monetary systems and the demonetisation resulting in significant devaluation in the real estate sector, I believe bitcoin is now ripe to resonate with the indian diaspora both philosophically and financially, Amit Bhardwaj stated.