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faizan khan
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Thu Jan 10, 2019 3:40 pm
Bitcoin Cash on electronics, software and other gear with Microsoft, Newegg, Overstock, and Dell. Other well known online merchants that accept bitcoin include Tigerdirect, the Dish Network, and NameCheap
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faizan khan
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Thu Jan 10, 2019 3:41 pm
There also options to purchase gift cards with bitcoin for hundreds of restaurants and stores worldwide.
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karan
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Thu Jan 10, 2019 3:41 pm
There are currently close to 4.3 million Bitcoins left that aren't in circulation yet. With only 21 million Bitcoins that will ever exist, this means that there are about 16.7 million Bitcoins currently available.
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faizan khan
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Thu Jan 10, 2019 3:41 pm
Bitcoin wallet company iPayYou has an array of options where you can purchase e-gift cards to use at places such as Amazon, eBay, Starbuks, Uber, iTunes, and others.
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karan
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Thu Jan 10, 2019 3:41 pm
The next and third halving will occur in 2020 and till then 12.5 bitcoins would be mined during each block.
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Dhruv singhaniya
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Thu Jan 10, 2019 3:41 pm
On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin.”
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faizan khan
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Thu Jan 10, 2019 3:41 pm
Bitcoin Cash can be used for travel expenses as well...
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karan
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Thu Jan 10, 2019 3:41 pm
On an average, a block takes 10 minutes to get mined. So, we can approximate the number of Bitcoins produced each day to be around 1800.
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karan
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Thu Jan 10, 2019 3:42 pm
There are now 17 million bitcoins in existence — only 4 million left to 'mine' The 17 millionth of 21 million bitcoins that will ever exist was "mined" Thursday, according to data from Block chain.info.
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Dhruv singhaniya
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Thu Jan 10, 2019 3:42 pm
It is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using free software.
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karan
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Thu Jan 10, 2019 3:43 pm
The estimate is 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block. That's 42 satoshis.
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Dhruv singhaniya
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Thu Jan 10, 2019 3:43 pm
A pseudonymous software developer going by the name of Satoshi Nakamoto proposed bitcoin in 2008, as an electronic payment system based on mathematical proof.
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karan
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Thu Jan 10, 2019 3:43 pm
While bitcoin bulls celebrate yet another milestone for the cryptocurrency, there is one major beneficiary to what has essentially been a nine year-long rally: bitcoin's inventor, Satoshi Nakamoto.
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Dhruv singhaniya
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Thu Jan 10, 2019 3:43 pm
Bitcoin can be used to pay for things electronically, if both parties are willing.
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karan
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Thu Jan 10, 2019 3:44 pm
The pseudonymous creator is estimated to own 980,000 bitcoins, amassed from mining the cryptocurrency in its early days.
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faizan khan
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Thu Jan 10, 2019 3:44 pm
Bitcoin.com launched its games portal last year, which hosts provably fair gaming for cryptocurrency enthusiasts who like to play for high stakes recreation.
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karan
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Thu Jan 10, 2019 3:44 pm
Although Bitcoin's fixed supply means that miners will eventually have to give up their block rewards, it also creates an opportunity for miners to survive on transaction fees through simple monetary theory.
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faizan khan
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Thu Jan 10, 2019 3:44 pm
Bitcoin has come far in a relatively short time. All over the world, companies, from REEDS Jewelers, a large jewelry chain in the US, to a private hospital in Warsaw, Poland, accept its currency.
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karan
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Thu Jan 10, 2019 3:44 pm
Once all 21 million bitcoins have been mined, the supply cannot increase — regardless of growing demand.
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Dhruv singhaniya
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Thu Jan 10, 2019 3:44 pm
Bitcoin’s most important characteristic is that it is decentralized.
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karan
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Thu Jan 10, 2019 3:45 pm
The block reward started at 50 BTC in block #1 and halves every 210,000 blocks. This means every block up until block #210,000 rewards 50 BTC, while block 210,001 rewards 25. Since blocks are mined on average every 10 minutes, 144 blocks are mined per day on average.
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karan
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Thu Jan 10, 2019 3:45 pm
At average US electricity cost, a BTC network (13mil TH/s network hash rate) consisting of one million S9 Antminners would cost ~ 3,7 mil USD to operate per day. Cost to produce 1 BTC would be 2067 USD. At 2016 NordBalt rate per MWh, 1 BTC would cost 740 USD to produce.(I'm just using the rate.
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faizan khan
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Thu Jan 10, 2019 3:45 pm
Bitcoin is either virtual currency or reference to the technology. You can make transactions by check, wiring, or cash.
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karan
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Thu Jan 10, 2019 3:45 pm
Bitcoin are mined in units called "blocks." As of the time of writing, the reward for completing a block is 12.5 Bitcoin. At today's price of about $10,000 per Bitcoin, this means you'd earn (12.5 x 10,000)=$125,000.
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faizan khan
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Thu Jan 10, 2019 3:45 pm
Bitcoin wallets that gets included in the block chain.
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