Bitcoin is becoming more and more popular as a type of digital currency. Neither is Bitcoin printed nor is it under the control of any particular treasury. Rather, this currency can be generated on a computer by using mathematical equation-solving software.
Perhaps you are already mining Bitcoin on your pc and wondering if you can use it to pay for your dedicated server and miscellaneous hosting services. The good news is that several hosting companies are now accepting Bitcoin as a mode of payment for their services. They have also worked towards making the process fast and simple. When making an online payment, you first have to choose “Bitcoin” from the list of payment options. This will redirect you to a highly regarded and secure site called Bitpay.com. Here you will need to key in the information necessary to finalize your transaction and make your payment officially.
Let’s talk about the benefits of using bitcoin hosting for paying for your dedicated servers. Since Bitcoin is not under the control of any centralized bank, the limitations of bank processing or standard hours do not apply. Consequently, you can pay quickly and easily, and posting to your account happens almost instantaneously. Secondly, the opportunity of paying by Bitcoin can increase the affordability of your desired hosting package if you have strong mining software. Also, there is usually no limit on the amount of Bitcoin that can be used to procure services; Bitcoin is treated at par with other authorized payment methods.
A few words about Bitcoin
It is the brainchild of a software developer whose wish was to have a global currency that will not be under the control of any particular authority, will be easily transferable digitally, and involve low transaction fees. At present Bitcoin is accepted as a mode of payment on many websites and has gained wide popularity.