Web Hosting: Pay with Bitcoin

bitcoin

You have many options when it comes to choosing a web host.  Consider finding one that allows you to pay with Bitcoin. With GlowHost, you can do that.  Let’s take a quick look at Bitcoin and why it’s a good idea.

What is Bitcoin

If you haven’t heard about Bitcoin, you have probably been sleeping under a rock. In 2009, Satoshi Nakamoto introduced Bitcoin to the world. Internet insiders have been trying to create a digital currency, but no one could answer the questions: What will back the currency? Who will control it? Amazingly enough, Bitcoin is mined from code instead of gold, and the economy is monitored simply by peer-to-peer protocol. A Bitcoin is just a hash encoded to signify one unit of currency. Instead of investing in gold, you are investing in digital capital, and that’s what gives Bitcoin its value.

Benefits of using Bitcoin

There are several benefits to using Bitcoin. First of all, it is extremely safe. One bitcoin is comprised of a code of 33 or more characters. It can’t be randomly reproduced, and the peer-to-peer network that monitors Bitcoins checks every bit of code to make sure no one is duplicating any Bitcoin. This ensures that no Bitcoin is double spent. When you own a Bitcoin, you can rest easy that it’s yours, and it won’t be stolen.

The value of Bitcoins lies in scarcity. Bitcoin rules state that no more than 21 million Bitcoin will ever be in circulation, and “mining” for Bitcoin will end by the year 2140. If you own Bitcoin, you will own a digital commodity that can be traded through a global mercantile system. Each year, the value of a single Bitcoin is rising. As the total number of Bitcoins mined nears 21 million, you can bet that their value will rise even more.

Why pay with Bitcoin

Perhaps the number one reason to pay for your web hosting with Bitcoin is that it is incredibly fast. If you pay with a check, it typically takes a few days before the funds are available. Bitcoin transactions can range from thirty seconds to ten minutes if a merchant wants to confirm the transaction. Bitcoin is also cheaper than using a credit card. Sure, a credit card transaction is instantaneous, but not only do you pay fees for using a credit or debit card, the merchant does as well.

Another bonus of paying with Bitcoin is that you don’t have to worry about inflation. Because there is a limit to how many Bitcoins will be mined, you don’t have to worry about more Bitcoin being “printed” when needed, which is the root cause of inflation. The limit on mining Bitcoin protects your investment.

You can see that using Bitcoin to pay for your digital needs, or for your web hosting, makes sense. If you are looking for a web host, take a look at GlowHost, and see what we can do for you.  Jump in, and let your Bitcoin buy you a great web hosting service from GlowHost.