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Bitcoin

posted 27 Mar 2015 | Read more...

Bitcoin has seen a monumental rise in popularity over the last couple of years. You might have heard of it. You might have used it. You might even have purchased seeds from us before using Bitcoin. We've collated a series of articles aiming to help educate you on getting started with Bitcoin, not just for this website but for online payments in general.

What is Bitcoin?

Here we aim to explain in a way simple way what bitcoin is, how it works and what it can be used for.

Setting up a wallet

Once you know the bitcoin basics, you'll need to get a wallet (a bitcoin bank account). They are simple and free to set up, this is a simple guide how.

Getting bitcoin

Now you understand the basics. You have a wallet but you don't have any bitcoin yet. We'll talk about the types of ways to purchase bitcoin. Think of it like exchanging money for holiday, you simple change your pounds (GBP) to bitcoin (BTC) which you can trade back

Using bitcoin

Now, you understand the basics. You have a wallet. You have bitcoin. This guide explains the dynamics and simplicity of sending and receiving money to each other using bitcoin. 

Buying seeds

Now, you understand the basics. You have a wallet. You have bitcoin. You understand how to send and receive money. Here is where we teach you how to purchase seeds using bitcoin.

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Make a million dollars with Bitcoin

posted 26 Mar 2015 | Read more...

Like most things in life that are worth something, it does not come without a lot of time, patience, hard work and learning. Bitcoin is not the simplest concept for the common man to grasp, but the community have introduced millions of people to a currency, which has made millions rich and stands to make more people rich.

Mining is dead

Think of mining for bitcoin as a similar process to mining for gold or other precious metals, except your computer does the work. 

Mining is basically your computer solving complex mathematical problems, when the problem is solved you are rewarded bitcoin. This is how early adopters managed to accumulate so many coins. 

Unfortunately over time the mathematical problems become harder and harder, it's now at the point where the energy spent on solving the problems will cost you more than you will be rewarded in bitcoin. So this is no longer an option if you're looking to get rich quick.

Buy bitcoin, sell dollars

Again, you probably can't get away with this anymore but two years ago, with bitcoin being quite volatile in price and higher adoption across the U.S, the trade price was different in GBP to USD. This allowed for people to buy bitcoins for cheaper in GBP, sell them in USD and exchange the dollars back to pound. 

Widespread adoption and large bitcoin exchanges have led to confidence in the currency. There is still scope to do this across some currencies if you have a decent capital investment with immediate buyers and sellers lined up. 

Sell goods, accept bitcoin

If you're an online retailer and you're not taking bitcoin, you're missing a trick. 

Even if you're not confident in the currency, you can accept bitcoin payments through providers like Coinbase, they will immediately exchange the currency for the market price of your native currency. This is designed to limit risk to retailers. So you accept bitcoin and get paid in pounds (for example, it could be USD or EUR).

Alternatively, you could just accept bitcoin and watch your wallet grow. Having a little bitcoin at your disposal is a great way to learn more about the currency, what you can buy with it and how best to leverage the not-yet-reached potential of it.

Wolf of bitcoin Street

Now is the time, stock exchanges are beginning to take bitcoin seriously.

Bitcoin stock exchanges will gather tremendous traction this year. Admittedly this doesn't have a low point of entry, considering you'll need to understand the markets, trading platforms and a little economics might help too. But people are poised to make millions from investing with bitcoin this year.

Open a Bitcoin Exchange

Admittedly this is going to be beyond the reach of many people who don't have a degree in computer science and economics, but it's possible. Bitcoin exchanges make a considerable amount of money through bitcoin. They provide a platform for people to deal currency in a safe and trustworthy environment, taking a very small percentage to handle the transaction. 

The largest exchanges have made the most money from any bitcoin businesses in the entire community.

Don't set up an online drugs bazaar

Dark web markets, the illegal online drugs marketplaces that exist on the dark web (the hidden part of the internet only accessible by special pieces of software such as TOR) have long since accepted bitcoin as the online payment method because of it's easy implementation and relative anonymity. 

The law tend to frown upon these enterprises, although you can make millions you can also end up spending a lot of time bars like Ross Ulbricht, the prosecuted owner of the worlds largest dark web market Silk Road.

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Buying seeds with Bitcoin

posted 26 Mar 2015 | Read more...

Buying seeds with bitcoin is simple and secure.

When you've selected the seeds you need, simply enter your shipping address (or login if you've shopped with us before), when you go through to the payment screen you'll want to select the top option, simply labelled "Bitcoin".

 

When you have selected Bitcoin, you'll click continue below which will redirect you to Coinbase. Once you are redirected to Coinbase, you will sell details of your transaction, the grand total in both your native currency and bitcoin. 

It will give you the option to pay straight from your Coinbase wallet if you have one (if you haven't you might want to set one up and purchase bitcoin through them) or alternatively, scan the QR code with your wallet app from your phone or just send the exact amount to the bitcoin address stated, as seen below. 

This transaction should take the same amount of time (if not less), as a standard card payment. Once the payment has been authorised, it will take you back to the website with confirmation as usual. 

Congratulations, you've just completed your first bitcoin transaction with us. If you'd like to know more about bitcoin, we've published a series of articles this week. Have a look here.

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Using Bitcoin

posted 26 Mar 2015 | Read more...

Sending bitcoins

Sending bitcoins could not be simpler. All you need to do is copy and paste the recipients email from your Coinbase wallet. It's much the same as sending money from your bank account to another bank account. 

It might take a few minutes to confirm, so don't worry if it doesn't happen immediately. The speed depends entirely on how many users are on the network at the time. Sometimes it may take 10 seconds for a transactions, other time it might take up to 10 minutes. 

Receiving bitcoins

To receive bitcoins, choose a receiving address from your wallet, provide it to the other party and wait for them to send payment. As mentioned above, it can take around ten minutes for the transaction to be confirmed by the Bitcoin network, and it is standard to consider transactions that have been confirmed six times to be fully confirmed.

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Getting Bitcoin

posted 26 Mar 2015 | Read more...

Coinbase

If you don’t mind waiting a couple of days, the easiest and cheapest way to get your hands on some bitcoins is to sign up with Coinbase and link your bank account. Coinbase charges a low 1% fee and you receive your bitcoins as soon as the transfer from your bank account clears. Coinbase doubles as a web wallet with a mobile Android app. This allows you to easily purchase and sell bitcoins from your office, on the go, or from the comfort of your own home.

LocalBitcoins.com

Another great way to get bitcoins today is LocalBitcoins.com. It operates like a craigslist for bitcoins allowing buyers and sellers in the same geographical areas to find each other and trade bitcoins for cash. While this can be very simple and quick, we recommend taking the same precautions you should take whenever meeting a stranger from the internet. LocalBitcoins.com has a rating system that should help you find a trustworthy buyer or seller, but maybe don’t meet them in a dark alley or under a bridge.

Online Bitcoin Exchanges

Bitcoin exchanges enable you to store both dollars and bitcoins in your account and then buy and sell bitcoins instantly at the market rate. This enables you to trade bitcoins the way you might trade a stock. The main downside of exchanges is that it can be difficult to fund your account with dollars in the first place or transfer your dollars out after selling coins.

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Setting up a wallet

posted 26 Mar 2015 | Read more...

A bitcoin wallet is much the same as having a bank account. It's a place for you to securing keep your money before you spend it. When you buy bitcoin, you can store it in this wallet for safe keeping.

 There are two main types of wallets. A software wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but they can sometimes be tricky to install and maintain. A web wallet or hosted wallet is one that is hosted by a third party. They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins. 

 


Sending coins with Coinbase

Coinbase is a web wallet with a simple design and a number of very useful features that make it excellent for beginners. You can send and receive bitcoins via email and buy and sell bitcoins directly from Coinbase. A full-featured Android and iPhone app enables access to all account functions on the go.

Coinbase’s founders have a proven startup track record and have raised money from very prominent venture capitalists. This gives Coinbase a level of legitimacy unparalleled in the Bitcoin space. They are also one of the only large Bitcoin companies to never suffer a major hack. Click here to sign up.

Bitcoin Wallet for your iPhone or Android

Coinbase also have brilliant wallet apps for your iPhone and Android. With this, you can retain complete control over your bitcoins. Have a look at the website to download it.

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What is Bitcoin?

posted 26 Mar 2015 | Read more...

Bitcoin was invented as a peer-to-peer system for online payments that does not require a trusted central authority. Since its inception in 2008, Bitcoin has grown into a technology, a currency, an investment vehicle, and a community of users. 

What is Bitcoin?

Since anything digital can be copied over and over again, the hard part about implementing a digital payment system is making sure that nobody spends the same money more than once. Traditionally, this is done by having a trusted central authority (like PayPal) that verifies all of the transactions. The core innovation that makes Bitcoin special is that it uses consensus in a massive peer-to-peer network to verify transactions. This results in a system where payments are non-reversible, accounts cannot be frozen, and transaction fees are much lower.

Where do bitcoins come from?

Although we don't want to go into the process of "mining" or how bitcoins are created, here is a simple explanation: Some users put their computers to work verifying transactions in the peer-to-peer network mentioned above. These users are rewarded with new bitcoins proportional to the amount of computing power they donate to the network.

 

Who controls Bitcoin?

As we mentioned above, there is no central person or central authority in charge of Bitcoin. Various programmers donate their time developing the open source Bitcoin software and can make changes subject to the approval of lead developer Gavin Andresen. The individual miners then choose whether to install the new version of the software or stick to the old one, essentially “voting” with their processing power. It is in the miners’ best interest to only accept changes that are good for the Bitcoin currency in the long run. These checks and balances make it difficult for anyone to manipulate Bitcoin.

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Random T-shirt Giveaway!

posted 03 Jun 2014 | Read more...

We've been collecting t-shirts recently so that we could give them away to you guys! We have a random mixed bunch of t-shirts in various sizes and designs, from breeders such as Dinafem, Sensi Seeds, Blim Burn, CH9, Devil's Harvest, Nirvana and many more! 

The giveaway is simple - we'll be giving t-shirts out to random posters who make us laugh, or who get involved in discussions on Facebook - or simply just tagging their friends. If you contribute in any way, you could win a random t-shirt! However, posts which say something like "posting for a t-shirt" are sure to not win. 

We have 15 t-shirts to give out, and we will give them out at random times - so get posting!

If you win, send us your gender and size and we'll send you something that fits! They are mostly male/unisex, but there are a few slim-cut female tshirts too. 

Good luck!

 

*this is a competition for Facebook users - please enter by simply posting on our Facebook Page.

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Fastbud Freebies! - 40 Seeds to Give Away!

posted 06 May 2014 | Read more...



 

Hey guys!

Time for our next competition. We've got 4 packs of Fastbuds Fastberry to give to some lucky winners. Each pack contains 10 feminized seeds and is worth nearly $150 CAD!

So to be in with the chance of $150 CAD worth of premium seeds, what do you have to do? It's easy! Simply fill in the blanks: "Keep Calm and ... ..." 

We'll be picking the funniest/smartest ones each Tuesday for 4 weeks. Make sure it's cannabis related!

MAKE SURE YOU POST YOU ENTRY IN THE FACEBOOK COMMENTS ON OUR FACEBOOK PAGE - AND MAKE SURE YOU POST ON THE LATEST WEEK!

WEEK 1 - WINNER PICKED!

WEEK 2 - WINNER PICKED!

WEEK 3 - WINNER PICKED!

WEEK 4 - WINNER PICKED!

Keep Calm and Enter our Competition!

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420 Giveaway!

posted 16 Apr 2014 | Read more...

420 is just around the corner, and it wouldn't be 420 without a seed-prize giveaway!

So how would you like to get your hands on some Kera seeds? All you have to do is 'like' and 'share' THIS post and we'll pick the winners at random on 4/20 - this Sunday!

Up for grabs we have:

6x Kera - Dwarf Auto 

4x Kera - Critical Auto

Hurry, 420 is just around the corner - 'like' and 'share' today!

 

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