Tiyo Triyanto, Creator of the First Bitcoin Mining Tool in Indonesia
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0.000 HBDTiyo Triyanto, Creator of the First Bitcoin Mining Tool in Indonesia
#### Independent Journalist: Bitcoin is now trending in the online business world. Although in Indonesia using the electronic currency is not popular, the world has appreciated the Red Fury, Bitcoin collecting equipment from Riau, created Tiyo Triyanto become pendulang rupiah.  IndonesiaMet at a coffee shop in Puri Indah Mall, Jakarta, Tiyo Triyanto stopped for a while for having to reply to e-mails and short messages on his iPhone. Occasionally he shows the received message. All asked for Red Fury. '' This is a reseller (brokers) who asked whether the preorder Red Fury is still open or not, '' said the 29-year-old man is then sipping ice chocolate.  Tiyo name began to be a conversation in cyberspace because of the success of creating objects shaped like a USB that can be miner bits or miner Bitcoin currency. In Bitcoin dictionary, the effort to get electronic money is commonly called miner or mine. Since it was introduced in 2009 by a person called Satoshi Nakamoto's cover, Bitcoin is now an alternative currency for transactions in cyberspace. Because it is recognized as a means of payment, Bitcon's function is similar to money. However, unlike the currency in our wallets, Bitcoin is not issued any financial authority.  The currency is only circulated peer to peer and equipped with cryptography to ensure that electronic money can only be used by the owner. The system also ensures the same money can not be used more than once. Similar when we buy goods. According to Tiyo, since no particular financial authority has been issued, the value of Bitcoin currency can not be intervened by any government or authority.  Since authorities can not produce Bitcoin, the electronic currency is antiinflation. Like currency, Bitcoin can also be stored in a 'wallet' 'on our computer and can be sent over the internet to Bitcoin addresses.  Because through the internet, there is no cut of any cost when the money was transferred into the hands of others.  Bitcoin owners also do not look rich or poor because they do not have to deposit identity when using it. Simply Bitcoin address. The exchange rate is also fixed, unaffected by the exchange rate. '' The advantages that make Bitcoin now widely used as a means of transactions in the digital world, '' the man's original light of Jakarta. Since there is no transaction fee cut, many people use it for business transactions in the online world to contribute disasters. He cited the use of Bitcoin in microdonation held an internet forum for Haiyan cyclone victims in the Philippines. '' If we only sincerely donate Rp 10 thousand, we send through the bank, it could be administrative costs equal to the value of donations, '' light Tiyo. Bitcoin exchange rate is also claimed to increase. Initially, 1 Bitcoin pegged USD 1 cent. Now the value has reached Rp 9 million per Bitcoin. '' The high exchange rate depends on the increasing number of its use, '' said alumnus Xavier University, Cincinnati, USA.  IndonesiaLike currency, Bitcoin knows coins. The term is Satosi. There are eight digits in Bitcoin so 1 Satosi = 0.000000001 Bitcoin. Well, that Satosi coins that can be mined on the internet. There are tools that can be used to minify coins on the internet, namely Bitcoin Miner. One of them is Tiyo's Red Fury. A number of articles say, the tool is the only one made in Indonesia, in addition to those produced in the US and China. The working principle of the tool is to verify the transaction.  Bitcoin on the internet. Similar to an accountant in banking, the tool recalls Bitcoin traffic milling about on the internet. Thus, a cracker (data thief) must destroy miner records around the world in order to steal Bitcoin who is wandering. '' Data security is layered that guarantee Bitcoin as safe money, '' light Tiyo. As a reward for his work, the server rewards Bitcoin to the miners. The value of the reward is not great. However, because the transaction is large, the amount is tempting. '' The more people who mining, the stronger the Bitcoin system. That's what the power of peer to peer currency is, "said Tiyo. Armed with expertise in the field of electronics and information systems, it took him only three months to build a Bitcoin miner. The difficulty lies in the component compiler tool for Rp 1 million. '' I got a special message to Ivory Coast because in some countries the component is not available in large quantities, '' he explained without detailing the components in question. Mid-year, Tiyo who assisted his friends from Austria and the US managed to make a prototype and marketed online to find the capital of manufacture. Many people are interested in ordering. All consumers are required to pay in advance. '' Initially I produced 3,000 units. Not expected in 20 days. Make another 7 thousand units, run out in five days. The majority of buyers are resellers. Hence, the message a lot, '' he said.  Now all production is done in Riau, there are some cheaper components when imported. Every week billions of transactions go into Tiyo's account. "I had a phone call, questioned because they suspected my account was suddenly fat, '' said then chuckled. Related to the Chinese actions that use the use of Bitcoin because the regime to eat Yuan, Tiyo likens with electronic mail or e-mail.  When first introduced, many people are worried. However, everyone now has an e-mail account. '' I'm sure this tool will be plagiarized. However, I've been producing new tools with more advanced technology, '' firmly man born January 25, 1984 was when asked the reason not to patent his findings it.  ## free bitcoin learning info here: ## 👇 ### http://goo.gl/imJa4H #### do not forget to join digroup facebooknya to ask about bitcoin. ##### Thanks for visited