1 day ago · Bitcoin Cash has added 25% to $, Cardano (31%) to $, Chainlink (25%) to $15, and Litecoin (21%) to a new yearly high of $ Two top-ten coins have painted new all-time highs – Polkadot and Binance Coin. BNB reached $44, while DOT saw a double-digit price tag at $ Ripple has increased by 15% on a hour scale to $ The record level of over 1, BTC is a new high for Bakkt which also announced that it would be launching Bitcoin options on December 9, ∙ Today's volume so far: BTC ∙ Last traded price: $8, ∙ Trading day progress: 54% (if this continues: % equals to BTC) — Bakkt Volume Bot (@BakktBot) October 25, 40 BTC to USD Changes Changes % December 11, Friday: 40 BTC = USD + USD +%: November 11, Wednesday: 40 BTC = USD + USD +%: The value of 40 BTC in United States Dollars for the month (30 days) increased by: + USD (ninety-two thousand six hundred fifty-two dollars thirty cents).
Forty two/btcFORTYTWO/USD - coin LIVECOIN exchange charts
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Featured Today In Travel. New forum to pedal for a cycle-friendly city by How Guwahati Police stumbled upon two poachers while looking for terrorists. NIT, Silchar team comes up with unique method to purify water laced with arsenic. Well, according to the creator of Bitcoin himself — Satoshi Nakamoto, cryptocurrency was supposed to be an alternative to fiat money.
As you probably know, traditional currency is influenced by inflation is loses value over time for example due to incompetent government of a given country. First of all, its supply has been decided in advance, which means there cannot be more that the 21 million coins. Second of all, because it is placed on a blockchain none of the national institutions or bank can take control over it.
Destruction or elimination of Bitcoin is virtually impossible, because it is spread over thousands of servers around the world. Unlimited supply, central banks can print more indefinitely, according to current economic needs of a given country. Its exchange rate fluctuates heavily depending on various factors. Although Satoshi Nakamoto himself wanted Bitcoin to be used for immediate transactions, with no constraints regarding time or country, today this cryptocurrency can be used in three different ways.
For some people it is just a virtual money, that can be easily and quickly transferred from one end of the world to the other, at any time of day or night. Others see Bitcoin as a speculative asset, which can bring a big return on investment. There are also those who treat the cryptocurrency as a safe way to store their savings.
Used to deal. Single transaction takes 8 minutes on average. There are no time constraints. To transfer BTC to someone else you do not need to use any bank or other financial institution services. The bitcoin address is nothing but a public key, for each transaction in BTC it is possible to generate a different public key, so each transaction may have a different Bitcoin address. To make a transaction you do not need to provide any personal data, such as your name and surname. The only data visible on a blockchain will be the public address of your and the recipient wallets, quantity of the transferred BTC and time stamp; nothing more.
While banks account transactions only on given weekdays and hours, Bitcoin net does not have such limitations. Everything happens automatically, without third parties involvement. Some people treat BTC is a speculative asset, because of its fluctuate exchange rate.
Those, who invested in Bitcoin when it was worth only a few dollars are billionaires these days. However, we must remember that the value of BTC does not only rise, it also decreases. The exchange rates of the all the cryptocurrencies are extremely unstable. This way they earn on exchange rate fluctuations. When traditional financial systems collapse, people look for alternatives to protect their funds. In such cases, they often turn to Bitcoin, not to use it for transactions or to hope for a return on their investment, but to protect their money from the influence of situation in their country.
Forever fluctuating cryptocurrency becomes more valuable to them, than the collapsing fiat money. Those intriguing questions baffle the cryptocurrency society since the time the Bitcoin was created. Was it indeed just one person?
Or perhaps a group of people? I suppose we will never find that out. Well, cryptocurrency is a kind of a treat to existing financial system. Governments are hostile towards Bitcoin, simply because they cannot control it. They do not enjoy this lack of power at all, so if the creator of BTC was not hiding behind a codename, he would probably be in danger himself. Lot of people also call it the Satoshi Nakamoto Manifesto.
The document thoroughly explains BTC functions and full technical potential of its net. However, none of them was able to present evidence sufficient enough, to prove their words. Everyone in the world of cryptocurrency knows this man as a self-styled Satoshi Nakamoto. He claims to be the father of Bitcoin. However, when called upon to present a prove of his words, he was not able to produce any. Of course, he explained, that he cannot do it, as it would demolish all the past years, when he remained anonymous.
Nevertheless, lots of people judged that this means Wright is not who he says he is. The case of Dorian Nakamoto is the exact opposite. In an American Newsweek journalist conducted a questionable investigation, that led her to Dorian Nakamoto. Dorian was stripped of his privacy, even though he claimed from the very beginning, that he has nothing to do with Bitcoin.
Mid a marketing company called Satoshi Nakamoto accounted, that after years of quite the BTC creator decided to break the silence.
The statement was considered to be very unusual, the real Nakamoto would announce the news himself on a cryptocurrency chat or forum like bitcointalk, rather than using the middleman. The community perceived this whole thing as just a marketing trick and a desire to get recognized. During one of his conferences, held in India, he introduced himself as Satoshi Nakamoto.
Of course, this declaration was met with a great criticism of the cryptocurrency community. He was very quickly announced an imposter. As you probably suppose, BTC does not just appear out of the blue.
It is extracted with a use of a special equipment, called the cryptocurrency excavator. The process is called Bitcoin mining and the people engaged in it are Bitcoin miners. People outside of the cryptocurrency world most likely have a totally incorrect idea, of what a cryptocurrency mine is. Why is that? Because, in fact, any space, where the excavation equipment is solving complicated mathematical equations can be called a mine. The idea image of a Bitcoin miner as a person with a pick in his hands can be put aside then.
How does the actual BTC mining process runs and how do the cryptocurrency excavators look like? The miners are being awarded with the Proof of Work PoW.
This proof is the Bitcoin. However, to perform this work, miners need equipment with a great computing power. Each piece of equipment has equal chances of digging up BTC. But does it mean that mining for Bitcoin is easy?
No at all. In time the difficulty was increasing, at first a simple computer might have been used as an excavator, now a sophisticated equipment is needed. The bigger the computing power of the machine the bigger changes of getting to BTC. At first, simple CPU processors were used to mine for Bitcoin. The miner would share the computing power of his machine in exchange for BTC. But at that time, no one knew that one day, the cryptocurrency will be so valuable.
And so, for a few years since Bitcoin creation it was possible to mine for it, with a use of a laptop or a desktop. They were just not able to perform so many calculations at the same time. That is why graphics cards GPUs took their place They could operate on multiple algorithms, but because of less efficiency and higher electricity consumption they soon became unprofitable.
And then ASIC integrated circuit was introduced. Unlikely the GPUs, which were pretty much used just for computer games and video rendering, ASICs were designed to perform specific actions, in this case mining for Bitcoin. Mathematical equations, that the cryptocurrency excavators must solve, are automatically generated by the Bitcoin net.
The more miners join the net and start to compete with each other, the harder the puzzle gets. It takes a long time and a lot of energy to solve it. It takes place every four years, more precisely each mined chains.
Adapting the difficulty of BTC mining allows for stabilize its emission on a given level. Lately, there's been a lot of talk about Bitcoin halving. What does it actually mean and what is its impact on the cryptocurrency community?
It is important to realize, that the halving is not a new thing, it occurs every 4 years since Bitcoin creation. Each time another BTC blocks are mined, the miners will receive half less PoW for their future work. Bitcoin halving will take place till the time all of it is excavated.
The last BTC block will probably be mined after year The mechanism was intended to balance supply and demand. Imagine all 21 million of BTC were present on the market at once.
The demand for it would be much lower and the miners would feel no incentive to keep logging transactions in BTC blockchain. Reducing the prize for excavating BTC eliminates that problem. And with a reduced supply the value of Bitcoin increases. How does halving impacts the exchange rate of BTC?
No one really knows that. On one hand, many constantly speculates the Bitcoin value will rise, on the other hand others claim it will drop, as it will no longer be profitable to mine for it. However, what happened after past halvings is worth taking a closer look, just to have a better understanding of the consequences. First reduction in the value of a prize awarded in return for excavating BTC took place on 28th November The Bitcoin exchange rate at the time was around 13,42 USD and the halving did not have a major impact on it.
However, not long after that, the exchange rate increased to USD. Many claimed, that was because of the rescue action for Cyprus. Some of them took massive loss on their deposits. Next halving took place in Not much changed then as well. A boom in BTC values was not recorder until December What will happen this time?
Millions of theories already exist. Most popular one says, that because of the shortage of BTC on the market, its value will increase significantly till the end of Calculations suggest it will happen after the year However, it is not possible to predict the date precisely.
How many Bitcoins a day is excavated? Each day around blocks are discovered. That gives around BTC, 12,5 Bitcoin per block. The current value of Bitcoin is around 7 USD as of How to read the price in a chart?
It does not matter which website you are using, they all look similar. The horizontal axis represents time period, you can extend or shorten it from daily to weekly, monthly, yearly etc. The vertical axis shows the Bitcoin price. The bars located at the bottom of the chart reflect volume of transactions they are present in professional charts. Do you want to quickly check the Bitcoin price? Use our calculator! Given the BTC is the most popular cryptocurrency, it is listed on the virtual money stock exchange.
These platforms can be divided into two main categories: crypto-crypto stock exchange and crypto-fiat stock exchange. To buy Bitcoin in the first one, the user must be already in possession of another cryptocurrency and use it for payment. These markets do not operate on fiat money such as PLN or USD and they are used by experienced market players, who are already familiar with a cryptocurrency concept.
This kind of transactions can be done in crypto-fiat stock exchange. Interesting thing: you can also distinguish cryptocurrency stock exchange that are centralized controlled by a company or an institution from those decentralized based on blockchain.
You cannot use a transaction bot on the decentralized markets, therefore their transaction volume and liquidity are lower and they are not very popular. You need to remember, that each cryptocurrency platform differs from the others. Some have simple interfaces, other ones more complicated, some have a very broad offer, others just base on the leading currencies.
Before you choose a platform for yourself you need to consider all the aspects. If you want to trade Bitcoin, choose a market with low transaction fees, if you consider a long term invested, pick a one with high liquidity. Take the safety factor into consideration as well. Do not consider the cryptocurrency stock exchange to be a kind of a savings account. Due to the large number of assets stocked on the platform, these markets fall victims to cyberattacks.
That also happens to the most renowned ones. You probably wonder, how you can acquire BTC, since it does not exist in a physical form. Well, the BTC you purchase will be assigned to the public address of your wallet. Each Bitcoin wallet consist of two keys: private and public. Image a post box. Only you know the access code private key , which must be used to open it.
If you lose or forget your code private key you will not be able to access your own post box Bitcoin wallet. There will be no one who could help you, in case it happens. BTC wallets can be divided into two main categories: cold and hot.