SearchTrade, the search engine designed to share advertisers’ money with its users, has been cleared to launch in February.
Management have been thrilled at the attention and positive response so far. SearchTrade spent the second half of 2015 beta-testing and running a crowd-sale to raise initial funds.
“Search is still the most common activity on the internet,” said CEO Vishal Gupta.
“Billions of searches a day, and billions of dollars in advertising revenue. Where does all that money go? Into profits for just a few mega corporations.”
“SearchTrade is something more egalitarian, truer to the original spirit of the internet. The advertising revenue still comes in, but now it’s shared among all stakeholders – developers, users, value speculators.”
How does it work? SearchTrade is similar to other popular search engine in one way: advertisers pay it to display marked promotions among search results.
What’s different is what happens to that money next. Using micropayments in online digital currency Bitcoin, it distributes small amounts to every user who performs a search.
Then it gets even more interesting – SearchTrade allows users to ‘buy’ keywords. If you think a search term will be popular, buy it and get paid every time someone searches for it.
Developers can also grab a share of the funds, by building apps on SearchTrade’s platform. When a user performs a search with their app, developers earn.
Crowdfunding through keywords
SearchTrade proved the popularity of its novel idea by selling 1000 of the most-searched words by the end of 2015.
SearchTrade used its initial keyword sales to fund development, selling off the first ‘slab’ of 500 words for 0.4 BTC each and the second slab for ____, at a reduced price. This is because the first word-sale featured the most popular search terms.
50% of the proceeds from those sales went into SearchTrade’s payments pool, while the remaining 50% was used to fund development.
Once bought, keyword owners will be able to trade ownership of keywords on SearchTrade’s exchange – creating a free market for predictions of internet trends and ideas. There’s also a search analysis tool to see exactly how your word assets are performing.
SearchTrade charges a nominal fee to renew keyword ownership each year, to prevent keywords becoming inaccessible if a user leaves the service for some reason.
Why Bitcoin?
“A system like this just wasn’t possible before bitcoin came along,” Gupta continued. “You just couldn’t do massive amounts of micro-payments and transactions in national currencies, transfer fees would’ve made it impossible.”
As well as serving its users, SearchTrade is a live demonstration of a new use-case for digital currency. It will hopefully pave the way for future businesses and inspire entrepreneurs to develop entirely new business models.
At SearchTrade users earn bitcoins
for every single search they make through the website, once they have
log into their accounts. Users can earn bitcoins by choosing a variety
of search applications listed on SearchTrade App Market.
How does it work?
Create an account
Make a Search
Start Earning
Track earnings in the ST wallet
Search Mining Features
Get paid for upto 40 searches a day
Limited upto 10 Searches per hour
Manage and track your earnings
Payout based on income system generates per search
Last time we had seen how fake Bitcoin Money Adder software’s are luring people into SCAM. On the contrary, BitCoins
cannot be earned with Software’s that promise Instant Bitcoin Money
without doing any Work. In this post we will see how exactly Bitcoin
System works and how you can earn Bitcoins.
Bitcoin is a virtual currency that uses a peer-to-peer system to confirm transactions through public key cryptography
Model, which maintains records of every single transaction and fairly
transparent. Bitcoin is not issued or backed by a government or a
business, it runs on computer code on a decentralized network.
With the Increasing popularity of Bitcoin
and being pretty hard to Mine, Users are adopting unethical ways to
mine them and hackers are continuously targeting the network to hack the
Mining pools. Let us see how Bitcoin Works and the legitmet ways to
Mine(earn) Bitcoins.
How Bitcoin Work?
The Math behind Bitcoin says that to
transfer Bitcoins you just need a payer and a payee. It eliminates a
trusted third party, such as a government, a bank, or credit card company. i.e. there is No Central Authority or Server. The Transfer Only needs network of computers running Bitcoin software. Each Bitcoin is made up of Digital signatures. Digital signatures are ‘math operations’ that you can perform on data that you send to and that prove the following:
Authenticity: the data was created by a specific sender.
Non-reputation: the data is confirmed to have been sent by a specific sender in such a way that the sender cannot deny having sent the data.
Integrity: the data was not manipulated in transit.
Each Bitcoin user has his own wallet and a Software that does the
transfer work on behalf of the user. When you send a Bitcoin to someone
else, you sign the Bitcoin with the digital signature of your Bitcoin
wallet, which is software designed to hold Bitcoins and make Bitcoin
transactions possible. As a result, each Bitcoin carries within it a little ledger listing its transaction history.
As
Bitcoin transactions take place, they are broadcast to the network made
up of computers running Bitcoin software — whose job is to maintain the
“block chain”, the digital ledger containing the record of all
confirmed Bitcoin transactions.
How People earn/mine Bitcoins?
Since there is No Central Server that can process payments, the
users(peers) needs to do payment processing work with their own personal
computing power(as an option) or leave it on the group users offering their computing power to verify and record payments into the public ledger for a faster transaction. Bitcoins
are created as a reward for payment processing work in which users
offer their computing power and each peer involved with transaction
processing work gets his small share of Bitcoin.
The Processing involves some serious number-crunching(enough
to max out the processors on a computer), So it needs lot of computing
power which the sender or receiver cannot accommodate with their
personal computer resources. for a faster transaction the process is
done by the group of users offering their computing power in exchange
for their share of Bitcoin.
The above activity of sharing Computer resources for payment processing is called as Bitcoin Mining. Individuals or companies engage in this activity in exchange for transaction fees in the form of newly created bitcoins.
How much Bitcoins can you make?
If you are Trying to Mine Bitcoins with your Personal computing power,
I think you should just stay away from Mining. Its better to use your
computer resources on other productive work rather than wasting your
electricity on Bitcoin Mining just to know that your in loss at the end.
You can watch the Bitcoin Beginners video below. The video just shows
how much a user with a personal computer that too with a Graphics card
can mine in a year.
Miners in the Bitcoin network all work on trying to be the first one to
complete the number-crunching process required for the payment
processing. As I said there is very very little profit with your
personal computing power, then there are specialized Mining Rigs which
are being used by Individuals or companies which can yield considerable
profit.
Also it will become harder and harder to make Bitcoins
as time goes by since every 4 years, the reward paid to a miner for
creating a block(number-crunching process) is halved. When the network
started, the reward for creating a block was 50 Bitcoins; it was reduced
to 25 in November 2012, and in four years, it will be reduced to 12.5.
Eventually, the reward will be removed entirely when an arbitrary limit
of 21 million bitcoins is reached (2140).
I believe by now you have a rough Idea about how much Bitcoins you can Mine/Earn depending on your Computing power.
