Going Forward

I have shifted to wordpress and will be posting on http://bitcoin.com.pk

In the mean time please also welcome Pakistan's first Bitcoin exchange Urdubit

You can now directly buy bitcoins from pkr from other users or sell to them.

Urdubit Facebook Page

Coindesk coverage of urdubit launch.
Leaprate coverage of urdubit.

Buying btc, bitcoin in Pakistan

Buying and Selling Bitcoin in Pakistan.

After my previous entry I came to realize that is hard for people to trade their btc in Pakistan. As such I wrote another blog on buying btc, ltc, doge and other coins with credit cards. From anywhere in the world. While the entire process is long its still worth a look if you want to go down that path. Realizing the potential within Pakistan we decided to work with Coinsafe and bitcoinpk and bring you the first atm in Pakistan. It is now possible to buy and sell btc in Pakistan by simply visiting our physical location. You get updated rate with the charges showing clearing on the websites so you know exactly what you are paying for. The listing is for Karachi and Rawalpindi currently and we are looking to add more locations like lahore to the list soon. Seeing our initiative another member has poped up who is located in Gujranwalla also. You are more then welcome to buy from us anytime at our current locations and the timing are listed on the website with the contact numbers also available. Please call ahead before you visit us. We have successfully made a few transactions at our Karachi Location and over the phone. We are looking to buy and sell but bare in mind we have limited reserves on bitcoin if you want to buy or sell. Inorder to improve trust level we have also contacted Coinsafe to have a search feature and transaction history up on its website so it will help you decide better.

As such we would like to inform you that we had successfully bought some btc from a user and sold to about 4 or 5 users as of this writing.

You can visit either site listed above bitconpk will show you our locations and point you to our numbers.

Since this is all new to us too we hope to get it running better in due time.

Bitcoin Karachi Location = 02134814274 PSO Petrol Pump on Rashid Minhas Road Guslan-e-Iqbal
Bitcoin Rawalpindi or Islamabad Location = 0515558041

Please Donate To Bitcoin Address: [[address]]

Donation of [[value]] BTC Received. Thank You.

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I recently got into bitcoin mining. Alot of people are doing it but I haven't heard many people in Pakistan doing it.

Please also consider reading Free Cloud Mining to get you started to get a taste of how all this works free of charge.

What is Bitcoin?
Its a digital currency. I am not going to get into details of how it came about I am sure you can find many links and can look up Wiki to see what it is and how it came about.

How to get it?
I have had big problems with getting it here in Pakistan. To the point where I decided to order up some exp hardware to mine it myself. There are other means though it takes time to mine it. You can check sites such as http://www.bitstamp.com and http://www.btc-e.com.

How to mine it?
Well there are different ways. If you have a pc and amd radeon graphic cards, Nvidia gpu's, also cpu mining, asic mining or cloud mining, are few ways you can start off. If you dont want to order extra asics then just simply use your cpu/gpu combo to get you started and earn some bitcoins and trade them later for cloud hashing. Now you might be wondering what cloud mining is. Well its simply someone running the mining equipment for you.

How to do cloud mining?
I have recently been doing alot of it at Cex I trade all the bitcoins(btc) I earn to Ghs hashing power or Scrypt Hashing. The first link will take you to trading for bitcoin mining. Its based on sha-256 and you can mine coins such as bitcoin(btc), namecon(nmc), dvc and ixc. Second site gets you to scrypt mining which are coins like litecoin(ltc), doge(doge), dgc, wdc and many more.


How to get started?
Well if you dont want to order asics I would love to get you started with all the software just give me your email address and I will shoot you a email to get you started on how to mine with your pc to make a little. In return I do ask you to consider using this currency just not for fiat(usd, pkr) trading but to use it to buy and sell your own stuff so we can end the dependency on printed currency and save thousands of tax money on reprinting our existing currencies. Just drop me a msg here with your email address or email me at dmz241@hotmail.com.

Is there anyone accepting these?
Well I plan to start soon. I also have friend who is planning to manually accept these on a trial basis. You can check out his website at http://www.sakamaonline.com, another person who is convinced will offer you his services at http://www.carvepk.com if you need any further information on how to trade your bitcoins/litecoins to them for their services you may contact me at my email address listed above.

Please Donate To Bitcoin Address: [[address]]

Donation of [[value]] BTC Received. Thank You.

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