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Bitcoin rates are expensive

Publish: 2021-03-27 08:50:47
1. bitcoin is not issued by specific currency institutions, it is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on January 8, 2021, the price of bitcoin exceeded $40000

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: January 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
2. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk

warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: December 28, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
3. Bitcoin is actually a kind of network virtual currency, initially proposed by mysterious netizens who call themselves "Zhongben cong". According to Nakamoto's design, bitcoin does not rely on specific currency institutions to issue. It is generated through a large number of calculations with specific algorithms. In the first four years, there were only no more than 10.5 million
Panda Global, the exchange. The rise and fall of bitcoin is very large, so we should pay attention to the risks
4. The transaction cost of bitcoin is generally between 0.0001-0.0005btc. Of course, the amount accepted by each miner and miner's Association is different. Sometimes, a large amount of bitcoin transaction does not need a service charge, such as more than 100btc. Small transactions below 0.01btc will be charged a certain amount of fees. Of course, some bitcoin clients can set bitcoin transaction fee. If you set the transaction fee very low, the transaction confirmation time will be very long
first of all, we should understand that this service charge is given to miners to encourage them to continue mining and provide enough computing power for bitcoin, so as to ensure the security of bitcoin network. At present, the main income of miners is to get BTC reward by creating new blocks, but the reward is halved every four years. As time goes on, bitcoin transaction fee will graally replace bitcoin reward
under what circumstances should the handling charge be paid? What's the amount

bitcoin system has a series of network rules, including the handling charge rules, which are "what the client should do". When you use bitcoin client (wallet, bitcoin QT) to send bitcoin, the whole process is roughly divided into the following steps:

1. Prepare the bitcoin you want to send

the client is responsible for collecting the balance of bitcoin in your wallet (bitcoin QT) to prepare for payment, Because every bitcoin you receive is in your wallet until you spend it

if you withdraw 3btc and 2btc twice in okcoin bitcoin, their records in your wallet are independent, that is, a 3btc and a 2btc, instead of merging them into 5btc (the wallet only records transaction details, but does not merge the balance, but you can see the total balance on the interface of the wallet), As time goes on, you will accumulate a lot of bitcoin in your wallet. It is conceivable that there should be thousands of such records in okcoin bitcoin wallet. So when you send bitcoin, the wallet must decide which of the above records are most suitable for this sending

the bitcoin you get in a transaction is called "inputs" and the bitcoin you spend is called "outputs". There are multiple inputs and outputs in your wallet

2. Prevent a large number of micro payments from impacting the network

if you recharge the okcoin bitcoin trading platform less than 0.01btc (including the fund changes inside your wallet), you must pay a handling charge of 0.0001. When preparing your payment amount, the wallet has an established rule, that is, when preparing the payment amount in many inputs, try to avoid the amount change less than 0.01btc (for example, if you want to recharge 5.005btc to okcoin bitcoin, the wallet should choose 3 + 2.005 or 1 + 1 + 3.005 instead of 5 + 0.005)

3. The larger the amount, the higher the age of the currency, the higher the priority

if the amount you send is too small or your bitcoin has just been mined, then your transfer is no longer free. Each transaction will be assigned a priority, which is determined by the degree of currency, the number of bytes and the number of transactions. Specifically, for each input, the client will first multiply the number of bitcoins by the time they exist in the block (currency age, age), and then divide all the procts by the size of the transaction (in bytes). The calculation formula is: priority = sum (input)_ value_ in_ base_ units * input_ age)/size_ in_ If the calculation result is less than 0.576, then the transaction must pay the handling fee. This is why you need to add a 0.0001 when you withdraw with okcoin bitcoin, because the bitcoin transfer in okcoin wallet is frequent, and the time of bitcoin in the block is relatively short, so you need to pay a handling charge. If you do have a large number of small inputs, such as small miners, and want to transfer them out for free, you can add a large amount of bitcoin with a large currency age, and the average priority will be increased, so that bitcoin can be transferred out for free

4. Charge per kilobyte

at the end of the transfer, the client calculates the size of the transfer (in bytes), which generally depends on the amount of input and output. The calculation formula is as follows: 148 × Input amount + 34 × Output amount + 10. If the size of the transfer exceeds 10000 bytes, but the priority meets the free standard, you can still enjoy the free transfer, otherwise you need to pay the handling charge. The cost per 1000 bytes is 0.0001btc by default, but you can also add it in the client by opening the tab "settings & gt; Options & gt; The main purpose is to adjust the handling charge. If the service charge you are setting is less than 0.0001, BTC is calculated as 0.0001. When this rule applies, it will replace the rule in step 2 instead of accumulating.
5. Bitcoin is a virtual currency, and its price is suspected of artificial speculation. At the same time, it is expensive because it is rare
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009 [1]. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on December 17, 2017, bitcoin reached an all-time high of $19850. On July 27, 2020, bitcoin broke through the $10000 mark again.
6. I'm a member of the circle. Just don't believe me. No one knows what will happen in the end. Now we're ready to quit. Brainwashed to be rich, please continue. The routine is deep.
7. Chainstore is a professional application store that integrates all the mainstream applications of blockchain and coin circle. It integrates exchanges, wallets, quotation software, tool software, blockchain information, blockchain games, instry applications, etc. Compared with other app stores, chainstore can not only download blockchain instry applications, but also browse the latest airdrop candy information and high-quality blockchain projects. It is an app that provides comprehensive services for the blockchain instry.
8. If you ask like this, you must have accidentally entered an exchange with extremely high handling charges.
9. The handling charge of haobtc is two thousandths
10. Mobile mining or forget it, the general online said mobile mining is actually deceptive
mining is based on the computing power of CPU and GPU, but the processor of mobile phone, even the most advanced processor, is only a few cents or a few cents, so you still have to use computer mining. If you don't know anything about computer mining, you can use ha Yu miner to have a try, and you can get started!
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