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Hi, I can help you with this purchase if you are still interested.
I don't think there will be fees on my end, which is a bonus for you.
Then again, an escrow will be needed
You can PM me the specific informations
I don't think there will be fees on my end, which is a bonus for you.
Then again, an escrow will be needed
You can PM me the specific informations
Once all the bitcoins are mined in 2140, it's usual that newbies question where will be the transactions fees go at... well it will continue the same as it is now, but the miners will only get the fees, they will not get the generated coins. There is an ongoing discussion about how by 2140 there will not be enough incentive for miners to keep mining because of that... I would like to know more.
There are a few factors which could help miners remain profitable by the time when the future halvings bring the rewards to nothing. First, if Bitcoin price increases manyfold, the miners profits may actually increase in fiat terms even despite the reward being halved with each halving iteration. This is exactly what happened with this year halving. Miners reward dropped from 25 down to 12.5 bitcoins, but since the Bitcoin price increased more than three times within the period of just one year, 12.5 bitcoins now cost more in dollars than 25 bitcoins were worth over a year ago. And second, if Bitcoin gets worldwide traction and its userbase expands exponentially, the number of transactions processed will increase in similar manner. Since miners earn on almost every transaction they include in the block they find, the fees they get may also grow dramatically, thereby totally offsetting the lack of mining rewards...
As you can see, it all primarily depends on two factors, i.e. Bitcoin price and Bitcoin adoption
It is sort of both - only one "entity" can be the first to mine a block, but many individual miners can work together in pools, appearing to the network like one large miner; when a pool mines a block the rewards are awarded to the pool and then shared amongst the miners who contributed work to the pool.
Re: Why Trump presidency may turn out beneficial for Bitcoin long term
Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.
What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?
I think bitcoin is going to soar up during Trump president. After all Trump received bitcoin as donation during his campaign. Donald Trump has pledged to declare China a currency manipulator on day one of his presidency. During his campaign, he also repeatedly pledged to impose a 45% tariff on Chinese goods. His promises risk creating a trade war between the U.S. and China which could weaken the yuan and accelerate Chinese capital outflows. When the yuan falls, investors often turn to bitcoin.What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?
But couldn't the Chinese revenge Trump by dropping Bitcoin price? I've heard different opinions on this, but it seems that Chinese miners are controlling a massive share of Bitcoin mining. On this account, they should have enough bitcoins on hand to affect the price, most likely enough to crash it. For example, if they decide to sell all their Bitcoin reserves at once.
That being said, if Trump delivers his promise to China, it will hurt CNY, and people might switch to bitcoin for safety, if the theres no policies stoping them.
also wondering how is the depreciation of CNY a driving force of btc rising in value, as fas as I know CNY depreciating helps blooms the Chinese economy, does not that mean less people there will use bitcoin?
Once all the bitcoins are mined in 2140, it's usual that newbies question where will be the transactions fees go at... well it will continue the same as it is now, but the miners will only get the fees, they will not get the generated coins. There is an ongoing discussion about how by 2140 there will not be enough incentive for miners to keep mining because of that... I would like to know more.
There are a few factors which could help miners remain profitable by the time when the future halvings bring the rewards to nothing. First, if Bitcoin price increases manyfold, the miners profits may actually increase in fiat terms even despite the reward being halved with each halving iteration. This is exactly what happened with this year halving. Miners reward dropped from 25 down to 12.5 bitcoins, but since the Bitcoin price increased more than three times within the period of just one year, 12.5 bitcoins now cost more in dollars than 25 bitcoins were worth over a year ago. And second, if Bitcoin gets worldwide traction and its userbase expands exponentially, the number of transactions processed will increase in similar manner. Since miners earn on almost every transaction they include in the block they find, the fees they get may also grow dramatically, thereby totally offsetting the lack of mining rewards...
As you can see, it all primarily depends on two factors, i.e. Bitcoin price and Bitcoin adoption
There are two rewards going to miners to reward them for their hashing power they are using to process your transactions. The one is the
miners reward and the other the fees. I always compare this to the waiters in a restaurant. The miners reward, is the waiters's salary and the
fees are the tips. In future the miners reward will fall away and the fees will be the only reward. ^smile^ So, pay your tips, it's actually not as
much as you might think... a few cents.
that's clear and simple, Thanks!miners reward and the other the fees. I always compare this to the waiters in a restaurant. The miners reward, is the waiters's salary and the
fees are the tips. In future the miners reward will fall away and the fees will be the only reward. ^smile^ So, pay your tips, it's actually not as
much as you might think... a few cents.
so fees are basically money for miners, and miners earn that money by putting in the computing power that makes this cryptography works. And the tip size is completely irrelevant to the transaction size. no matter how much money you are sending, the more tips you pay, the faster the transaction will be confirmed, in general.
i thought a big part of bitcoin is that theres no fees whatsoever, but I have realized theres a transaction fee section on my blockchain wallet. Also, I have heard people saying they can put more "gas fee" to make the transaction confirmed faster. How does that work?
thanks
thanks
Don't be baited into thinking that Trump election would mean mean long time prosperous time for bitcoin. It was only a temporary price spike.
Stock Investors like always are reacting allergically to every change they think might destroy our current economic status quo.
It was exactly the same after Brexit - bitcoin's price spiked for a brief time and reverted to back to standard position.
its just like what happens to gold and JPY. goes up for a bit and then back down. People still gave faith in the US economy under Trumps hand. To be honest, he could bloom the US economy, but with the price of less international influence. Stock Investors like always are reacting allergically to every change they think might destroy our current economic status quo.
It was exactly the same after Brexit - bitcoin's price spiked for a brief time and reverted to back to standard position.
To be economically literate person is not enough to read the news. You must be able to analyze them. I advise you to read the different analytical articles. They are also interesting information.
That's enlightening, any suggestions of those articles?If God do exist, and God reveals himself, there will be a way for mortals to become god. Then God is just a more powerful mortal. God is only God if no one can be certain of its existence, and can only exist in people's hearts.
I have not had the habit of following the news before, and after spending some time on this forum and talking to people in real life about the economy, I find most people knows what's going on in the world, economically. I really wish to get first hand information as well and stay more updated. Any recommended source of news?
after Trump choosen he has got negative respond for some countries even the currency on my country and other countries on Asia slightly down but that won't makes people automatically switching to bitcoin but maybe if mexican peso failed people at there will switching to dollar not for bitcoin because dollar as the steady currency and most use in the world so very possible mexican people will use that
People will be hesitant when switching completely to bitcoin because it's value is so unstable.Re: Why does bitcoin confirmation time takes hours or even longer?
You can check the number of unconfirmed transactions here:
https://blockchain.info/unconfirmed-transactions
If the number is rising, it will take longer to get your transactions included, even if you use sufficient fees.
Also check here to see when the last blocks were mined:
https://blockchain.info/
If the last blocks were long ago, this means blocks are not being found at normal expected speed and it will take longer to get your transactions included.
https://blockchain.info/unconfirmed-transactions
If the number is rising, it will take longer to get your transactions included, even if you use sufficient fees.
Also check here to see when the last blocks were mined:
https://blockchain.info/
If the last blocks were long ago, this means blocks are not being found at normal expected speed and it will take longer to get your transactions included.
This makes sense. I send a higher than the usual BTC.0001 to send to an exchange or to cold storage. But I noticed that when I send from an exchange it tells me that the fee is BTC.0001 to send back to my wallet. This made me think that it is still ok sending Bitcoin using the flat fee of BTC.0001? Or is everyone paying higher fees now?
In my mind, signature campaign is an easy way to get started and earn some coins, but most campaigns are only open to high ranked users. some campaigns however, do accept newbies, like me. and i have noticed that most of those campaigns are about a new altcoin, and pays in that certain type of altcoin, which requires me to get a wallet of theirs. Any thoughts on whether its a good idea to participate in those campaigns or potential riskes?
The risk is if you advertise a scamcoin then your name is ruined and those that matter will not trust you.
So you decide if the pocket change is worth it.
FYI, alot of people will put you right on ignore if you are shilling scams.