How Much Does It Cost To Buy One Bitcoin? BTC Wires

In Alien, the starship that Ripley blew up cost only $42million. Today, SpaceX Starship will cost at least $2billion to develop. This gives us a sense of how inflation has changed the perception of dollar value since 1979, and why the crypto movement began in Bitcoin.

In Alien, the starship that Ripley blew up cost only $42million. Today, SpaceX Starship will cost at least $2billion to develop. This gives us a sense of how inflation has changed the perception of dollar value since 1979, and why the crypto movement began in Bitcoin. submitted by decuneiform to CryptoCurrencies [link] [comments]

Bitcoin is *incredibly* energy efficient, it is actually the best ratio of security/electricity cost you can experience in the world today. The belief that bitcoin burns a ton of electricity for nothing is only the consequence of small blocks

This is an article I wrote in 2018 but I repost it in this sub because people are wondering about this question.
____
So you learned that Bitcoin uses Proof-of-Work and it is good because it forces miners to reinvest into the system but also uses a ton of electricity. You might be wondering:
Why is the requirement to reinvest a good thing? If we can get a secure blockchain that doesn't need to burn a shitton of electricity, I'm all in.
And the answer is a thing of beauty to me: because in nature, not evolving is dying. The fact that everything is always changing is the only thing that doesn't change.
Security is the same, it is not a state to reach, it is a battle to fight everyday. We must constantly improve the security of the network because attackers are going to constantly improve their own capacity to attack.
Bitcoin does not burn a shitton of electricity for nothing, that's a lie but I can see why you think that. Ready to change your mind ? here we go: everytime you increase the blocksize, bitcoin becomes X times more efficient in electricity. Think about it : BSV can currently process more than 300 times more transactions than BTC for 1% of the hashpower so it is currently 3'000'000% more energy efficient. Even if BSV reached 100% hashpower it still could process 300x more transactions and thus be 300x more energy efficient ! and it will increase even more in the coming years.
The energy efficiency of the network is actually easy to check because it is reflected in the network fees. Low fees = very efficient. And of course a centralized system would have the lowest fee and be the most efficient, but the least secure too. That's why we need to take into account the security/electricity-cost ratio, which is the same as hashpoweaverage-fee.
Energy efficiency increases when blocksize increases, and it should never have come up as a concern if the blocksize had been increased in time, it is only a consequence of preventing scaling.
As Bitcoin proves that it is the most secure blockchain in the world, more people start to use it, which drives the number of transactions and price higher, which leads to a blocksize increase, which makes bitcoin more energy efficient.
The more I understand it, the more I realize the beauty and genius of it.
____
Still not 100% convinced ? here is the ultimate argument against bitcoin mining being a waste of energy and causing climate change by Bitcoin's creator himself:
https://youtu.be/wansagfJnbo?t=1 (first minutes)
submitted by zhell_ to bitcoincashSV [link] [comments]

Satoshi’s invention of a digital cash system had 4 key traits: 1) Peer-to-peer, 2) Low-cost, 3) Irreversible, 4) Finite coin supply. Today’s Bitcoin BTC only has 1 of these traits. Bitcoin Cash BCH still has all 4.

Satoshi’s invention of a digital cash system had 4 key traits: 1) Peer-to-peer, 2) Low-cost, 3) Irreversible, 4) Finite coin supply. Today’s Bitcoin BTC only has 1 of these traits. Bitcoin Cash BCH still has all 4. submitted by scotty321 to btc [link] [comments]

Bitcoin price NOW is likely the lowest it will ever be in our lifetime. Cost to BUY 1 BTC is now LESS THAN cost to mine 1 BTC. Approx $7,000 USD. In 2 short months, the cost to mine 1 Bitcoin will DOUBLE. ❤️ BUY BTC TODAY ❤️ New York Coin (NYC) is a faster, free version of Bitcoin and Litecoin.

Bitcoin price NOW is likely the lowest it will ever be in our lifetime. Cost to BUY 1 BTC is now LESS THAN cost to mine 1 BTC. Approx $7,000 USD. In 2 short months, the cost to mine 1 Bitcoin will DOUBLE. ❤️ BUY BTC TODAY ❤️ New York Coin (NYC) is a faster, free version of Bitcoin and Litecoin. submitted by hivewalletvictim to NewYorkCoin [link] [comments]

One average Bitcoin transaction today now cost more than a full month of running a full validating node

One average Bitcoin transaction today cost $4.87.
I've been running a full validating Bitcoin node on Scaleway for $3.35 per month. Other providers can do the same thing for $5 or less.
Edit: Hey, look at that 40 sat/byte transactions just finally started clearing for the first time in 6 12 24 36 48 61 hours. Woo hoo!
submitted by JustSomeBadAdvice to CryptoCurrency [link] [comments]

Likely Price based on Percentage of Price to Bitcoin

At its peak, BCH was just shy of 20% of the cost of Bitcoin. Today, that percentage is at about 5%. What do you think the likely percentage will be if the price of Bitcoin hovers in the 10K per coin range? Your reasons for the ratio?
submitted by HidroCore to Bitcoincash [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to EthereumClassic [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to Buttcoin [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to BitcoinMining [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to BitcoinSerious [link] [comments]

Bitcoin Cash is *incredibly* energy efficient, it is actually the best ratio of security/electricity cost you can experience in the world today. The belief that bitcoin burns a shitton of electricity for nothing is only the consequence of small blocks

u/svarog recently asked a very good question that I think a lot of people here have too so I decided to create a new post for it.
Honest question: why is the requirement to reinvest is a good thing? If we can get a secure blockchain that doesn't need to burn a shitton of electricity, I'm all in.
And the answer is a thing of beauty to me: because in nature, not evolving is dying. The fact that everything is always changing is the only thing that doesn't change.
Security is the same, it is not a state to reach, it is a battle to fight everyday. We must constantly improve the security of the network because attackers are going to constantly improve their own capacity to attack.
Bitcoin does not burn a shitton of electricity for nothing, that's a lie but I can see why you think that. Ready to change your mind ? here we go: everytime you increase the blocksize, bitcoin becomes X times more efficient in electricity. Think about it : BCH can process 8 times more transactions than BTC for 10% of the hashpower so it is currently 80x more energy efficient. Even if BCH reached 100% hashpower it still could process 8x more transactions and thus be 8x more energy efficient ! and it will be 32x in may.
The energy efficiency of the network is actually easy to check because it is reflected in the network fees. Low fees = very efficient. And of course a centralized system would have the lowest fee and be the most efficient, but the least secure too. That's why we need to take into account the security/electricity cost ratio, which is the same as hashpoweaverage fee.
Energy efficiency increases when blocksize increases, and it should never have come up as a concern if blocksize had been increased in time, it is only a consequence of preventing scaling.
As Bitcoin proves that it is the most secure blockchain in the world, more people start to use it, which drives the number of transactions and price higher, which leads to a blocksize increase, which makes bitcoin more energy efficient.
The more I understand it, the more I realize the beauty and genius of this thing.
PS: some people tried to send tips with tippr bot but it is currently offline and will not process tips sent during this period when it goes online again, so feel free to use this direct address if you want, thank you so much for the support ! 1MKbzGp42cXCqutqMPT9NCiT9iZBKp4ZMx (or tippr on twitter https://twitter.com/AzhellTom)
submitted by zhell_ to btc [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to BitcoinSerious [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to Crypto_Currency_News [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to BNBTrader [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to AltcoinTrader [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

submitted by emanchan1026 to FreeBits [link] [comments]

Reality check: today's minor bug caused the bitcoin.com pool to miss out on a $12000 block reward, and was fixed within hours. Core's 1MB blocksize limit has cost the users of bitcoin >$100k per day for the past several months.

submitted by BeijingBitcoins to btc [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to Cryptocurrency_Daily [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to CryptocurrencyReviews [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to CryptocurrencyToday [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to Bitcoin_Subreddit [link] [comments]

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings.

Looking back 2014 Mt Gox hacks, I just realized the never-ending CEX hacks has been costing more than billions of bitcoin today. People have been talking DEXs as a solution since 2017, why they still haven't mainstream yet? Read OAX's latest article here to understand the current happenings. submitted by emanchan1026 to AltcoinBeginners [link] [comments]

Price Bitcoin Today - YouTube Bitcoin Price Today !? The Cost of Mining 1 Bitcoin - Critical Bitcoin Price Level For Miners? Price of Bitcoin Today The Economic & Environmental Cost of Bitcoin (10 of 10) - Discussion & Conclusion

Bitcoin USD price, real-time (live) charts, bitcoin news and videos. Learn about BTC value, bitcoin cryptocurrency, crypto trading, and more. Price Bitcoin Today shows the most accurate crypto live prices, charts and market rates from trusted top crypto exchanges globally. Price Bitcoin Today has over 1600+ cryptocurrencies, trusted historical data, and details of active, upcoming and finished initial coin offerings. Live & historical bitcoin price chart & history. JM Bullion's bitcoin price charts are an easy reference for current prices. You can also purchase gold & silver online with bitcoin + free shipping on all orders! How Much Does it Cost To Buy One Bitcoin? To buy one Bitcoin, you would think you have to pay just what its worth on a given day but no, it is really not that simple. You can buy Bitcoins from a number of sources, cryptocurrency exchanges, local sellers on peer-to-peer platforms or even Bitcoin ATMs. In all these options, you have to pay a certain trading fee to the exchange or the ATM for ... Bitcoin Price (BTC). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Skip to content. Prices. Products. Company. Earn crypto. Get $171+ Sign in. Get started. Price charts Bitcoin price. Bitcoin price (BTC) Add to Watchlist $ 13,070.01 +0.56%. 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 10:56 AM 3:06 PM 7:17 PM 11:27 PM 3:38 AM ...

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Price Bitcoin Today - YouTube

Bitcoin Bitcoin price Buy bitcoin Bitcoin today Links : https://freebitco.in/?r=9595948 Bitcoin's price swings wildly, touching above $19,000 Around 10... Get all the info at Coinbase: http://www.bit.ly/coinbasecc If all you want to know is today's price for bitcoin in US dollars, download the awesome app Bitco... Bitcoin Price Today !? This is a live video of the current bitcoin price today. If you are looking to buy bitcoin or sell bitcoin - this is a great place to ... This episode will wrap up our 10 part series on the Cost & Sustainability of Bitcoin. Link to my Bitcoin Giveaway: https://gleam.io/competitions/X44ae-hasss-... Alot of people are talking about the price of mining 1 bitcoin and will miners start buying Bitcoin to keep it above $6000? The cost of mining 1 Bitcoin vari...

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