Investment in Bitcoin in Pakistan

Do you want to invest in Bitcoin in Pakistan?
There are lot of ways and strategies to invest in bitcoin in Pakistan. In this post I will discuss what are the ways to invest into bitcoin and in the later post I will discuss how to secure your investment in bitcoin and protect your bitcoins from getting devalued in the long term and how to make your bitcoin investment profitable.

So let’s see how you can invest into bitcoin using the three most popular methods.
1- UrduBit
UrduBit is a bitcoin exchange that is a fully functional marketplace to buy or sell bitcoins instantly. Although UrduBit is focused towards customer in Pakistan, anyone can sign up and start trading bitcoins.

Anybody can trade on UrduBit, but in order to deposit PKR and withdraw PKR into your local Bank account you would need to verify your account by submitting utility bill and a selfie of your self with holding your NIC (National Identity Card). To verify your identity is important on UrduBit due to KYC (Know your Customers) and AML (Anti-Money laundering laws). If you don’t verify your identity you can still send, receive, withdraw and trade bitcoins but you won’t be able to deposit or withdraw in PKR in your local Bank account.

What does UrduBit charge?
1- UrduBit charges 0.75 per buy/sell order. So, if you are buying or selling PKR 100 worth of bitcoins, UrduBit will get 75 paisas from PKR 100.
2- UrduBit charges 1% on your PKR deposit. So, if you are depositing PKR 100,000 UrduBit will charge PKR 1,000
3- UrduBit charges 1% on PKR withdrawal. So, if you are withdrawing PKR 1,000, UrduBit will charge PKR 10

2- works like a classified website. You can find all the people who are selling bitcoins in Pakistan. You can also apply filter settings to only see advertisements from your city, otherwise it will show you traders from all over the Pakistan.

Unlike bitcoin exchanges where trades are executed instantly, on the classified website like trades has to be executed manually, so it takes some time, because first you talk to seller, confirm the price, transfer the amount, after you have successfully transferred the amount, the seller transfers you the bitcoin on the bitcoin address you provided.

Important things to know about
1- Each seller have different requirements, so their requirements carefully.
2- Each seller have different payment options e.g. some seller deal in Cash, some in EasyPaisa, some ask you to transfer amount in their Bank accounts. You can also use Skrill, Western Union and other methods. So, due to it’s diverse payment options you will find payment method of your choice.
3- Look at the limits of each seller because each seller can only deal in limited amounts. So, before you contact the seller look at their Limits whether they are able to fulfill your request.
4- Just for your safety, before processing a deal with any seller always look what is the feedback that is left for them by the people who have bought bitcoins from them previously.

3- OLX, etc
You can also find sellers on and and many other websites on the Internet where people are selling bitcoins at price and payment method of your choice. Only proceed when you are confident that you are dealing with a legit seller.

If you are looking for help regarding bitcoin and cryptocurrencies, fill out the form below:

ICO kya hai?

Aap ne yaqeenan ICO k baray men suna hoga aur is k mutaliq aap k dimagh men kuch sawalaat honge. Is post men main bataunga ke ICO kya hota hai? Is se kya kaam hota hai?

ICO ka matlab hota hai “Initial Coin Offering”, Urdu men is ka matlab hua Sikkay ki pehli paishkash.

ICO apne project k liye paise jama krne ka ya ikhattay krne ka ek tareeka hai.

Waise paise jama krne k teen riwaiti tareekay hen.
1- Hisas ya Shares bechna
2- Qarz lena
3- Masnoaat bechne se pehle order book kerna aur paise jama kr ke wo masnoaat banana

ICO ka matlab hua ke aap ko Bitcoin ya Ethereum ya kisi aur currencies k badlay wo coins faraham kerna jis k badlay aap baad men Bitcoin, Ethereum ya koi aur cryptocurrency dubara khareed saken. Is k liye zaroori hai ke ICO ya cryptocurrency aap ne khareedi ho market men us ki demand ho. Zyada tar log ICO ka istamaal blockchain ya cryptocurrency k project k liye paise jama krne k liye istamaal karte hain.

Agar ICO ki cryptocurrencies ki demand barhti hai to exchanges bhi us ko add krleti hain aur us ki price bhi badhti rehti hai. To agar aap ne 1 cent ki 1 cryptocurrency khareedi hai aur us ki price 3 cent hojati hai to aap ko 2 cents ka munafa hoga. Agar aap ne 1 dollar ki 100 ICO/cryptocurrency khareedi hain aur price 3 cents hojati hai to aap ko 2 dollar ka munafa hoga.

ICO men buhat se loag aise bhi hain jo dhoka dete hain aur paise leker bhaag jatay hain yani k apne project jis k liye paise jama kiye hote hain us ko update nhi krte. Is liye zaroori hai k aap agar ICO men paise lagain to utne hee paise lagain jitne ka loss aap bardaasht kr skte hon.

ICO ki Tareekh:
Pehla ICO token Mastercoin ne July 2013 men nikala. Ethereum ne apna ICO token 2014 men nikala. Ethereum ne US$18.5 million ke ICO tokens farokht kiye thay.

Loag Apna ICO kaise banatay hain?
Ethereum k smart contract system k uper sab se asaan contract banana ICO token ka hai. Market men jo zyadatar ICOs available hain wo Ethereum contract pe banai gaye hain.

Agar aap seekhna chahte hain k apna ICO kaise banain to comment field se aagah karen aur men koshish kerunga k aap ko sikha sakoon k aap apna ICO kaise bana sakte hain. Lekin is k liye zaroori hai k aap k pass koi acha idea ho jis k uper kaam krne k liye aap sanjeeda hon aur aap us project ko updated rakhen. Agar aap kuch aur bhi seekhna chahte hain to comment field se agah karen.

Best Bitcoin Mining Softwares for Windows

This software is Open source. This has been downloaded 886 times and it has a rating of 4 out of 5.

This software has a nice graphical user interface, and it works on Windows, Linux and Android. It has ability to automatically configure your Bitcoin miners and you can also see performance graphs for easy visualization of your Bitcoin mining activity.

Written in C, it works on Windows, Linux and Mac. This miner works for ASIC, FPGA, GPU and CPU.

This is a multi-threaded multi-pool FPGA and ASIC miner for bitcoin.

Built in cooperation with 50BTC. It has a Graphical User Interface.

It runs in background as a Windows service.

It is a GPU Miner. Poclbm means Python OpenCL bitcoin miner. It enables mining to be done on graphics card. It was the first GPU mining software.

Poclbm-mod: Based on the Poclbm, this one is a modified more efficient version of Poclbm.

CPU Miner:
It is a simple program that can run solo mining and do mining by joining the pool.

Ufasoft Miner:
It is a CPU and GPU miner for Windows the mines in the pool.

5 Best USB Bitcoin Miners using ASIC 2017

USB Bitcoin miners based on ASIC (application-specific integrated circuit) technology are available but if you think you can earn lot of bitcoins from these devices then it is extremely difficult. These are great if you just want to experiment and want to learn how bitcoin mining works.

It is important for you to understand what is Hashing Power and how does it work. For English read this, For Urdu read this.

1- Sapphire Miner
Hashing Power: 330 MH/s
Price: 5000 PKR

2- GekkoScience
Hashing Power: 8 GH/s
Price: 8500 PKR

3- Avalon Nano 3
Hashing Power: 3.6 GH/s
Price: 3500 PKR

4- Bitmain Antrouter
Hashing Power: 5.5 GH/s
Price: 8500 PKR

5- 21 Computer
Hashing Power: 90 GH/s
Price: 55000 PKR

ASICMiner Block Erupter USB 330MH/s Sapphire Miner

Sapphire Block Erupters were one of the first bitcoin miners to appear on the surface. Their Hashing Power is 330 MH/s which can give you less than 0.01$ per month but it is a good choice if you want to see how bitcoin mining works.

GekkoScience Compac BM1384 Stickminer

Through this stick you can easily get about 8GH and you can overclock this device almost twice with adequate cooling. In 1 month, you can easily earn 0.21 USD from this machine.

Avalon Nano 3

This miner has a hashing power of 3.6 GH/s. You can earn 0.09 USD per month. This miner contains the A3233 core. No fan is necessary with this.

Bitmain Antrouter R1 Wifi Solo Bitcoin Miner

With this miner you can earn 0.15 USD per month. Although it isn’t exactly a USB miner but it is similar. This device also works as a wireless router.

If you are interested to buy miner please fill this form.

Buy Ant Miner S9 in Pakistan

Hashing Power: 11.5TH/s, 12.5TH/s, 13TH/s, 13.5TH/s & 14TH/s, depending on batch. Variation of ±5% is expected
Power Consumption: 1127W (11.5TH/s batch), 1225W (12.5TH/s batch), 1274W (13TH/s batch), 1323W (13.5TH/s batch), 1372W (14TH/s batch) (at the wall, with Bitmain’s APW3 PSU,93% efficiency, 25°C ambient temp). Expected discrepancy of +10%
Power Efficiency: 0.098 J/GH +10% at the wall (with Bitmain’s APW3 PSU, 93% efficiency, 25°C ambient temp)
Rated Voltage: 11.60 ~13.00V
Chip quantity per unit: 189x BM1387
Dimensions: 350mm(L) x 135mm(W) x 158mm(H)
Cooling: 2x 12038 fans; Front fan: 6000rpm, Rear fan: 4300rpm
Operating Temperature: 0°C to 40°C
Network Connection: Ethernet

Price: 250,000 PKR

If you are interested to buy miner please fill this form.

Buy Antminer R4 in Pakistan

Released in August 2016.
This is a powerful bitcoin mining machine.
Hashing Power: 8TH/s (Batch 3) and 8.7TH/s (Batch 4). Variation of ±5% is expected
Maximum Power Consumption: 845W +9% (at the wall, with Bitmain’s APW5 PSU,93% efficiency, 25°C ambient temp)
Power Efficiency: 0.1 J/GH +9% at the wall (with Bitmain’s APW5 PSU, 93% efficiency, 25°C ambient temp)
Noise: 52dB (at a test distance of 1M from the air outlet and at ambient temperature of 30°C in a silent room)
Frequency: Automatically set
Chip quantity per unit:126 chips (16nm BM1387 ASIC chip)
Network Connection: Ethernet
DC Voltage Input: 11.60 ~13.00V
Operation Temperature Range: 10°C to 40°C
Operation Humidity Range: 5%RH-95%RH, prevent condensation
Storage Temperature Range: -40°C to 85°C
Product size: 515mm (L) x 100mm (W) x 222mm (H)

Price: 150,000 PKR

If you are interested to buy miner please fill this form.

Ethereum kya hai? What is Ethereum? in Urdu

Is se pehle k aap Ethereum ko samjhne ki koshish karen ye samjhna zaroori hai k Internet kaise chalta hai.

Aap ki zaati maloomaat jese k passwords, messages, emails, maali maloomat zaati computers, doosron k computers, mobile phones ya phir cloud men mehfooz hoti hai jese ke Amazon, Google, RacSpace aur Facebook.

Agar aap khud se ye maloomaat mehfooz kerna chahen ge to aap ko ye sab buhat mehnga parega lekin yahi kaam jab aap third parties k zariay kerte hen to ye sab kerne ki qeemat buhat kam hoti hai.

Is puranay system k kuch faiday hen to kuch nuksanaat bhi hain. jese k agar kisi hacker ya ghair zuroori shaks k pass aap ki zaati maloomat ajai to aap ko nuqsaan ho sakta hai kyun k is ko istamaal kerne k liye aap ko naa hi btagya or naa hi aap se ijaazat li gyi.

Brian Behlendorf, jinhone ke Apache Server banaya sab se zyada istamaal hone wala server he jis k zariay website host ki jati hain. Un k lafzon men internet ka maqsad shuru din se yahi tha k ye decentralized hota yani k koi bhi idaara ya tanzeem is ko control na kre.

Ethereum bhi kuch aisa hee kerna chahti hai k ye rivaaiti karobar ko decentralized (yani koi markaz is ko control na kre).

Jese k bitcoin ne rivaaiti karobar PayPal aur Online Banking ko mushkil men daala usee tarah Ethereum blockchain ko use kerte hue third party companies jin k pass is waqt aap ka data mehfooz hota he un ko tabdeel kerna chahta hai. Aap ki zaati information (maloomaat) hazaron nodes pe save hoti hai jo k razakarana tor pe logon k computers pe hoti hai isee liye Ethereum ko “World Computer” bhi kaha jata hai.

Log is infrastructure ka faida uthatay hue is kaabil hojainge k apne products or services offer karsaken.

Is waqt aap ye farz kar skte hain k aap jab Apps download karte hain to ye ikhtiaar Google or Apple k pass hota hai k aap konsi App download karen kyun k ye un k Algorithm k uper munhasir he k aap ko konsi Apps pehli dikhai jain.

Google or Apple k pass ye ikhtiaar hai k wo koi bhi App ban kerde. Lekin Ethereum k baad ye ikhtiaar user k pass ajaiga.

Ek aur misaal Evernote or Google Docs ki hai. Is waqt ye companies k pass aap ka data hota hai. Lekin Ethereum k baad ye information kisi ek idaaray k pass nhi hogi aur aap wo information kabhi lose nhi karenge. Ethereum k zariay aap apne data k maalik hone na k koi third party.

What is Ethereum?

Before trying to understand Ethereum, it is important to understand how internet works.

Personal data like passwords and financial information is stored on personal computers or public computers or in clouds that are are controlled by companies like Amazon, Google, Rackspace and Facebook.

Costs associated with the infrastructure are very high if you want to host your data on your server but it is much cheaper if you outsource this, because such companies hire specialists whose whole job is to host your data in a protected infrastructure.

With all the advantages, there are also some disadvantages for example a hacker or an unwanted person or company can get access to your personal or confidential information without notifying you or getting your permission.

Apache Web Server which is a most used technology to host and protect data was created by Brian Behlendorf. In his words, the Internet was always supposed to be decentralized. Blockchain technology wants to achieve the same goal, to decentralize.

The goal of Ethereum is also to decentralize the conventional centralized businesses and processes.

What Ethereum does is that it replaces the servers, data bases, and clouds by thousands of nodes that are run by volunteers from around the World, therefore, some people call it the “World Computer”.

Based on this idea is that people will be able to offer their products and services using this infrastructure from across the World.

Conventionally, third parties control all the data. When you go to App store to download Apps, all the Apps from messaging to shopping to transportation rely on these third parties to store your personal information, credit card (payment information), purchase history on the servers that they control.

Indirectly, you can assume that companies like Apple and Google control your Apps and they can decide which Apps to show first on the search based on their Algorithms, so you don’t have complete control over it.

Take the example of Evernote and Google Docs. With the advent of Ethereum no single company will be able to control your information nor deleting or banning any App, in this case you would lose access to all your valuable information. With Ethereum only you will be able to make such changes not third parties.

DAO kya hai?

DAO ki full form hai Decentralized Autonomous Organization. DAO ka urdu men matlab hai wo tanzeem ya idaara jo k beghair kisi idaaray k beghair yani k khudmukhraati k saath chal sakay.

Ek misaal ye hai ke k wo gaari jo k khud ba khud beghair kisi insaan k chalti ho. Agar wo gaari passengers ko khud dhoondhay un ko apni manzil tak pounchay, apne munaafay ka hisaab lagai aur phir apne qareebi station pe jaai jahan k wo charge kerwai ya refuel kerwai.

DAO ki doosri misaal aisi hai k ek aisa idaara jo doosron ko maali taawun deta ho wo jab logon ya users k darmyaan voting ka silsila mukammal hojai to wo jitne funds pe ittefaq hua ho utna maal ya funds logon ko dede.