What is Bitcoin?

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Bitcoin Mining Profit Calculator.
Why Our Calculator is the Most Accurate.
There are many factors that affect your mining profitability. Two of the main factors that influence your profitability are:
The Bitcoin price and the total network hash rate.
The Bitcoin network hash rate is growing at a rate of 0.4527678% per day. This means if you buy 50 TH/s of mining hardware your total share of the network will go DOWN every day compared to the total network hash rate.
Our calculator assumes the 0.4527678% daily increase in network hash rate that has been the average daily increase over the past 6 months.
Without factoring in this growth, most Bitcoin mining calculators show results that appear MUCH, MUCH more profitable than reality.
The Bitcoin Price.
Even though the network hash rate will cause your share of the network hash power to go down, the Bitcoin price can help make up some of these losses.
The Bitcoin price is rising at a slightly lesser 0.3403% per day over the past year. We suggest you enter a custom Bitcoin price into our calculator based on what you expect the average price to be over the next year.
The price has gone down for most of the past year, which is a factor that should be strongly considered in your calculations.
What our Calculator Assumes.
Since our calculator only projects one year out, we assume the block reward to be 12.5. We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you'd like to get better data.
Factors That Affect Mining Profitability.
Mining can be an effective way to generate passive income. However, there are numerous factors that affect mining profitability, and often times they are out of your control.
Some seem to believe they will be able to quit their nine-to-five job after investing in a few Bitcoin miners - unfortunately, that is not necessarily the case.
How do you know if mining is right for you?
It is important to understand the constantly changing dynamics that play into mining profitability, especially before you invest your hard-earned money. Nevertheless, a proper passive income can be generated if you play your cards right. Let's explore the factors that you need to consider before you buy mining hardware:
Initial Investment.
The initial investment in efficient mining hardware is probably one of the things keeping you from pulling the trigger, and for good reason. Mining hardware is expensive!
In actuality, the high cost of dedicated mining hardware ASICs (Application Specific Integrated Circuits) is largely to blame for the centralization of Bitcoin mining in China.
In case you were not aware, the vast majority of mining operations are in China, primarily because of cheap electricity (more on that later.) Since ASICs are expensive, many average consumers do not have the capital to invest.
Large mining corporations operate mining farms with thousands of ASICs. The average Joe can't even afford one ASIC, much less thousands of them.
Instead of mining being spread out across the world, the validation process is controlled by fewer people than first anticipated upon Bitcoin's inception.
ASICs' impact on Bitcoin aside, it is important to determine your ROI timeline before investing. Some hardware might not pay itself off at all. The additional factors below are largely responsible for determining your ROI period.
You can use the calculator above to determine your projected earnings based on the ASIC you're using, and your electricity cost.
Block Rewards and Transaction Fees.
Every time a block is validated, the person who contributed the necessary computational power is given a block reward in the form of new-minted BTC and transaction fees.
Bitcoin's block time is roughly 10 minutes. Every 10 minutes or so, a block is verified and a block reward is issued to the miner. When Bitcoin was first created, miners received 50 BTC for verifying a block. Every 210,000 blocks - roughly 4 years - the amount of BTC in the block reward halves.
50 BTC per block may seem high, but it is important to consider the price of Bitcoin at that time was much less thant it is today. As the Bitcoin block reward continues to halve, the value of Bitcoin is predicted to increase. So far, that trend has remained true.
First, the amount of newly minted BTC (often referred to as coinbase, not to be confused with the Coinbase exchange) halved to 25 BTC, and the current coinbase reward is 12.5 BTC. Eventually, there will be a circulating supply of 21 million BTC and coinbase rewards will cease to exist.
If BTC is no longer minted, mining won't be profitable anymore, right?
Transaction fees are issued to miners as an incentive to continue validating the network. By the time 21 million BTC has been minted, transaction volume on the network will have increased significantly and miners' profitability will remain roughly the same.
Of course, block rewards have a direct impact on your mining profitability, as does the value of BTC - since the value of BTC is volatile, block rewards will vary. Additionally, successfully confirming a block is the only way you will generate any revenue whatsoever by mining.
This leads us to our next point:
Block Difficulty.
If you were able to connect the dots, you probably realized that a block reward is worth a whole lot of money. Take a look:
12.5 BTC x current BTC value (approximately $7,400) = $92,500. NOTE: The market is currently bearish - block rewards are always subject to change.
If block rewards are worth so much, why isn't everyone buying ASICs?
Mining Bitcoin is not easy - that's why millions of dollars have been invested to research, develop, prototype and sell specialized mining hardware.
Even if you invest in a specialized mining ASIC which can cost thousands of dollars, your chances of successfully validating a block on your own are slim.
ASICs have caused Bitcoin's mining difficulty to skyrocket. Moreover, you're competing with everyone else on the network to validate a block. Those with more computational power are more likely to validate a block.
As stated previously, companies have set up large-scale mining operations in China with thousands of ASICs running in synchrony. They're more likely to confirm the block than you are on your own.
Nevertheless, there are ways for the little guy to turn a profit. If you want to start mining Bitcoin, consider joining a Bitcoin mining pool. You'll team up with other miners to increase your collective hashing power, thus increasing your chances of validating a block.
If a block is validated by your mining pool, the block reward will be distributed according to the amount of computational power you contributed. For example, if you were responsible for 5% of the hashing power, you'd receive 5% of the block reward, minus pool fees.
Mining pools may not seem appealing at first because you have to divvy up the reward, but they're actually a smart move, as they significantly increase your odds of validating a block. Otherwise, you may end up consuming loads of electricity without actually being rewarded for your work.
Speaking of electricity:
Electricity Cost.
Electricity cost is probably the factor that has the most impact on mining profitability.
After all, Bitcoin's SHA-256 mining algorithm is classified as Proof-of-Work (PoW) because work must be done to validate the network. The 'work' is computational power - therefore electricity is required to validate the network.
Always look at a miner's hashrate/power consumption ratio. Ideally, you want an ASIC that has a high hashrate and low power consumption. Such an ASIC would be efficient and profitable because you'd hopefully validate a block which would be worth more than your electricity costs.
If you don't successfully validate a block, you'll end up spending money on electricity without anything to show for your investment. If you want to maximize your profitability, purchase the most efficient ASIC and mine where electricity is cheap.
If you're looking for a great BTC ASIC miner, check out Halong Mining's Dragonmint T16.
In the United States, the average electricity cost is around $0.12 cents per kilowatt-hour. In other countries, electricity cost will vary. Asia's electricity is particularly cheap, which is why China is home to many mining operations.
Conclusion.
Bitcoin mining is very competitive. If you are looking to generate passive income by mining Bitcoin, it is possible, but you have to play your cards right.
In order to profitably mine, make sure that you: Mine with cheap electricity Buy the most efficient miner you can Join a mining pool Have patience.
Now you have the tools to make a more informed decision. Mining is competitive, yet rewarding. If you invest in the proper hardware and combine your hashing power with others', your odds of turning a profit will increase considerably.

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Real brasileiro (BRL) e Bitcoin (BTC) calculadora da conversão da taxa de troca da moeda corrente.
Por favor, ajudem melhorar o texto neste site . Foi uma tradução automática do Inglês e, muitas vezes precisa de alguma atenção humana.
Este Real brasileiro e Bitcoin conversor está atualizado com taxas de câmbio de 14 de outubro de 2019.
Digite o valor a ser convertido na caixa à esquerda da Real brasileiro. Use moedas "swap" para fazer Bitcoin a moeda padrão. Clique em Bitcoins ou Reais brasileiros converter-se entre essa moeda e todas as outras moedas.
O real brasileiro está a moeda corrente dentro Brasil (BR, BRA). O Bitcoin está a moeda corrente dentro nenhum país. O real brasileiro é sabido também como reais. O símbolo para BRL pode ser escrito R$. O símbolo para BTC pode ser escrito BTC. O real brasileiro é dividido em 100 centavos. A taxa de troca para o real brasileiro foi atualizada por último sobre 11 de outubro de 2019 de Fundo Monetário Internacional (FMI). A taxa de troca para o Bitcoin foi atualizada por último sobre 14 de outubro de 2019 de coinmarketcap.com. O BRL fator de conversão tem 6 algarismos significativos. O BTC fator de conversão tem 12 algarismos significativos.
BRL BTC coinmill.com 5.00 0.00015 10.00 0.00029 20.00 0.00059 50.00 0.00146 100.00 0.00293 200.00 0.00586 500.00 0.01464 1000.00 0.02929 2000.00 0.05858 5000.00 0.14645 10,000.00 0.29290 20,000.00 0.58580 50,000.00 1.46450 100,000.00 2.92900 200,000.00 5.85799 500,000.00 14.64498 1,000,000.00 29.28996 BRL câmbio 11 de outubro de 2019 BTC BRL coinmill.com 0.00010 3.41 0.00020 6.83 0.00050 17.07 0.00100 34.14 0.00200 68.28 0.00500 170.71 0.01000 341.41 0.02000 682.83 0.05000 1707.07 0.10000 3414.14 0.20000 6828.28 0.50000 17,070.69 1.00000 34,141.39 2.00000 68,282.78 5.00000 170,706.94 10.00000 341,413.88 20.00000 682,827.77 BTC câmbio 14 de outubro de 2019.
Imprima as cartas e leve-as consigo na sua bolsa ou carteira quando viajar.
Deixe um comentário.
Opções.
Começando A Moeda corrente.
Esta calculadora da moeda corrente é fornecida na esperança que será útil, mas SEM NENHUMA GARANTIA; sem uniforme a garantia implicada do MERCHANTABILITY ou da APTIDÃO PARA Uma FINALIDADE PARTICULAR.
Este site é traduzido do Inglês. Você pode corretas más traduções si mesmo.

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Bitcoin, euro en andere (crypto)currency omrekenen?
Hoe werkt de BTC Bitcoin calculator?
Stap 1. Kies je gewenste coin. Voer het bedrag aan BTC Bitcoins in het 1e veld in. Vervolgens verschijnt er vanzelf het omgerekende bedrag in het andere veld. De Bitcoin calculator ondersteunt niet alleen Bitcoin euro, maar ook verschillende andere valuta zoals: Euro, Australische dollar, Amerikaanse dollar, Canadese dollar, Brits pond sterling, Zwitserse franc, Japanse yen en Chinese yuan. Ook ondersteunt de Bitcoin calculator de meest uiteenlopende cryptocurrencies (cryptogeld) zoals ETH Ether (Ethereum), XRP Ripple, Dash, LTC LiteCoin en meer.
Stap 2. Kies de valuta waarin je de coin wilt omrekenen. Helemaal rechts naast de invoervelden zie je een drop-down selectie knop. Wanneer je hierop klikt, kun je de gewenste (crypto)currency selecteren, waarin omgerekend moet worden. Onder de calculator wordt tevens ter indicatie weergegeven hoeveel € euro één coin op dit moment oplevert, volgens de actuele bitcoin euro koerswaarde.
Stap 3. Andersom omrekenen De Bitcoin calculator werkt ook andersom. Je kunt ook een valuta terug omrekenen naar Bitcoin. Vul dan in het 2e invoerveld een bedrag in en kies je gewenste (digitale) valuta.
Zo makkelijk is het, Bitcoin euro en andere (crypto)valuta reken je zo om! Wil je dat de Bitcoin calculator een nieuwe cryptocoin gaat ondersteunen? Reageer dan in de reacties onderaan deze pagina.
Meer over cryptocurrency (cryptogeld)
Op Bitcoincalculator.nl vind je niet alleen handige Bitcoin euro tools zoals de Bitcoin calculator. Je leert ook in slechts 6 lessen alles over Bitcoins en andere cryptocurrency. We laten je zien hoe je slim belegt in Bitcoins om zo rendement te behalen op je initiële investering. Deze kennis kan je opdoen in de 6 lessen die we aanbieden.
Je leert kennismaken met BTC Bitcoin en ander cryptogeld. Zoals, de Bitcoin koersontwikkeling, actuele waarde & prijs van alle cryptocurrency die er maar te krijgen zijn. Blijft op de hoogte van Bitcoin nieuws. Ook vind je informatie over diens marktkapitalisatie. En, lees je een uitgebreide uitleg over wat cryptocurrency nou eigenlijk is. Dit alles in heldere taal uitgelegd en in het Nederlands.
Tot slot, leer je BTC Bitcoins kopen en verkopen (of ander cryptogeld), zodat je je (crypto)vermogen exponentieel laat groeien. Succes!

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Zcash's Halo Breakthrough Is a Big Deal - Not Just For Cryptocurrencies.
Bitcoin Faces Drop Below $8K Despite Beating Hurdle.
G7 Evaluates Stablecoins as Risk to Financial Stability.
Thrill-Seeking Drives Crypto Traders, Study Finds.
5 Top Car Makers Enter Field Trials for Automatic Blockchain Payments.
Renault, BMW, General Motors, Honda and Ford are set to begin real-world testing of blockchain IDs for cars next month.
Forex Broker FXCM Launches Basket of 5 Cryptos for Retail Investors.
Foreign exchange trading platform FXCM Group has launched a basket of five cryptocurrencies aimed at retail investors.
Switzerland's 'Crypto Valley' Is Bringing Blockchain to Zurich.
The Crypto Valley Association and Zurich Tourism are working to bring blockchain awareness, tourism and business to Zurich.
Token Investors May Sue After Former Korean Social Media Giant Shuts Down.
A once hugely popular social media site, Cyworld's abrupt closure brings uncertainty to holders of its recently launched crypto token.
Coinbase Eyes European Growth After Winning Irish E-Money License.
Cryptocurrency exchange Coinbase has been granted an Irish e-money license that will bring it greater access to EU and EEA markets.
Daily Liqu > Oct 14, 2019 at 06:08 | David Pan.
Crypto accounting firm Lukka has partnered with fund administrator Theorem to provide same-day net asset value reporting capabilities.
South Korean Blockchain > Oct 14, 2019 at 04:14 | David Pan.
Blockchain digital ID startup ICONLOOP received its first venture capital investment through an $8 million Series A round.
Telegram Could Postpone Crypto Issuance After US Halts Token Sale.
Telegram could delay the late October launch of its own crypto after the SEC ordered it to halt the allegedly "unlawful" token sale in the U.S.
CoinDesk's On Tap Meetup With CoinDesk Japan Is Happening Tonight in Tokyo.
See you tonight for pizza, beer, and blockchain.
Zcash Will Get a Gateway Into Ethereum's DeFi Ecosystem.
The theme of Devcon 5 was clear: For smaller assets like zcash, all roads lead to ethereum.

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Bitcoin Fees.
Updated 44 seconds ago. Total mempool transactions: 20449 sat/B Transactions 1.
Confirmation time: ≤ 20 min. | ≤ 1 hour | ≤ 6 hours | ≤ 24 hours | ≤ infinity.
Average transaction fee: $0.23 (1 input, 2 outputs, SegWit, 1 hour conf. time.)
Bitcoin Fee Estimator / Calculator.
BitcoinFees is a simple and very accurate Bitcoin fee estimator. The tool is displaying a chart of current mempool transactions ordered by fee value.
This makes it easy to choose the optimal fee for your transaction based on confirmation time. Just pick a time period and use the suggested fee. We are using Bitcoin Core's embedded fee calculator.
Different time periods are in different colors. Use the first green value if you want your transaction to be confirmed as fast as possible.
If you are using SegWit transactions, you can lower the suggested fee by.
40%. SegWit transactions are processed with priority. Therefore, only 60% of the proposed fee can be used.
If you have a "stuck" transaction, use our Free Bitcoin Transaction Accelerator to push it. Or use it to broadcast your newly generated transaction faster.

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Bitcoin Exchange YOU CAN TRUST.
This site uses cookies to give you the best browsing experience. By using this website you are agree to Cookie Policy.
Bitcoin Price.
Bitcoin Price.
24H VOLUME.
ACTIVE TRADERS.
99.999% service availability.
Time-proven financial stability.
0% user's funds theft.
Buy/Sell Bitcoins.
CEX.IO is a place for everyone who wants to simply buy and sell Bitcoins. Deposit funds using your Visa/MasterCard or bank transfer. Instant buy/sell of Bitcoins at fair price is guaranteed. Nothing extra. Join over 3,000,000 customers from all over the world satisfied with our services.
Bitcoin Trading.
Advanced order-matching algorithms are backed by unique trade engine. Orderbook liquidity allows to execute high-volume orders and apply market making trading, high frequency trading and scalping strategies. Compliant with security standards, we guarantee safety of your assets and data.
Why choose CEX.IO?
Payment Options.
Most popular methods: Visa, MasterCard, bank transfer (SWIFT, SEPA, ACH, Faster Payments), cryptocurrency.
Strong Security.
Protection against DDoS attacks, full data encryption, compliant with PCI DSS standards.
World Coverage.
Providing services in 99% countries around the globe, including 31 states of USA.
Legal Compliance.
Margin Trading.
Trade with up to 10x leverage, no need to create an extra account, negative balance protection.
Competitive Commissions.
Reasonable trading fees for takers and makers, special conditions for high volume traders, strong offers for market makers.
Cross-Platform Trading.
Trading via website, mobile app, WebSocket and REST API. FIX API for institutional traders.
Advanced Reporting.
Downloadable reports, real-time balance, transaction history with transparent fees.
High Liquidity.
Fast order execution, low spread, access to high liquidity orderbook for top currency pairs.
Open account for free and start trading Bitcoins now!
Among the numerous websites providing Bitcoin exchange services, the positive reputation of CEX.IO makes it worth the trust of the users all over the world. With the customer base of over 3,000,000, the platform can be recognized as the one that can be relied on. Starting your Bitcoin trading on a platform with substantial history, you will benefit from a deep understanding of the market and customers’ needs.
We are constantly working on enhancing the security, ensuring the high level of customer support, and providing our users with new opportunities for trading on the Bitcoin market. CEX.IO is regularly considering the addition of new coins, which was not so long the case with Dash, Zcash, and Bitcoin Cash. Still, every cryptocurrency has to pass a thorough check to be listed. Our due diligence and concerns about the quality of the service yield results. Now, we are moving forward to achieve the status of the best cryptocurrency exchange.
Best Cryptocurrency Exchange: What does It Mean for Us?
For you to be able to recognize a reliable online exchange and sort out those that appear to be too weak, we list several features, paying attention to which would help you to make the right choice.

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Satoshi to Bitcoin Converter.
What is a Satoshi?
Each bitcoin (BTC) is divisible to the 8th decimal place, so each BTC can be split into 100,000,000 units. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi. A Satoshi is the smallest unit of Bitcoin.
How many Satoshis are in a Bitcoin?
There are 100,000,000 satoshi in a BTC.
Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading.
Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website.
Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites.
Wallabit Media LLC and/or its owner/writers own Bitcoin.

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Mining profitability calculator ?
Bitcoin Gold.
ZEC BTG 1 hour 0 0 0 BTC 0 BTC 24 hours 0 0 0 BTC 0 BTC 1 week 0 0 0 BTC 0 BTC Exchange rates by Changelly 0.
Calculate the profit from mining Equihash-based currencies (Zcash, Bitcoin Gold) on MinerGate .
Please note that it is an estimated amount of cryptocoins you can get. The calculations are based on the current pool fee, 0% bad shares and doesn't account for orphan blocks or uncles. Your profit depends on network difficulty, block reward, transactions amount and fee. Exchange rates are provided by Changelly.
Calculation is based on the following formula:
Reward = ((hashrate * block_reward) / current_difficulty * 2^13) * (1 - pool_fee) * 3600.

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Bitcoin Return Calculator with Inflation Adjustment.
On this page we present a bitcoin return calculator . Enter any two dates between July 17, 2010 and a final date and we will estimate the annual and total return on any money invested in bitcoin. Enter a starting investment value and the bitcoin tool will guess the investment value on the final date.
Optionally, you can also adjust the bitcoin price return and final price for inflation. We use the CPI-U index, interpolated or extrapolated to find a bitcoin investment's value on your investment date.
Bitcoin Price Return Calculator with Inflation Adjustment.
The bitcoin return calculator uses data from BraveNewCoin via Quandl as well as historical bitcoin return data from Bitcoinity.
Using the Bitcoin Price Return Calculator.
There are only a few options when using the bitcoin return calculator, but any small adjustments can have major effects on your results.
Investing Options.
Starting Investment ($): The dollar amount invested in bitcoin on the 'Starting Date'. Starting Date: The date the bitcoins were first purchased. Ending Date: The date bitcoins are sold, or a date to estimate the bitcoin holding value. Adjust for Inflation (CPI): If checked, the return percentages and terminal value of the investment are CPI-U adjusted to account for inflation. For dates later than the last print, we use linear extrapolation to estimate inflation. For dates between readings, we use interpolation.
Bitcoin Return Output Results.
Total Return (%): The total return of the bitcoin investment if purchased on the 'Starting Date' and sold on the 'Ending Date'. (CPI adjusted if selected.) Annualized Return (%): Unlike total return, the return of the bitcoin investment when normalized to provide annual results. (Again, CPI adjusted if selected.) Ending Value ($): The terminal value of the bitcoin investment on the 'Ending Date'. (Once more, CPI adjusted if checked). CPI Adjusted? Flags a CPI adjustment on the return and investment fields.
Sources and Methodology for the Bitcoin Price Return Calculator.
The bitcoin return calculator uses data from BraveNewCoin and Bitcoinity. Wherever the Bitcoinity data includes multiple exchanges, we used the average daily bitcoin price on all exchanges. For the three gaps in the dataset - 6/21/2011 - 6/22/2011, 6/24/2011 - 6/25/2011, and 6/27/2011 - 7/04/2011 - we interpolated the available data to backfill bitcoin prices on those dates.
If there is both Bitcoinity Data and BraveNewCoin data, the BraveNewCoin data takes precedence. In practice, this means the data beyond 2014 all comes from BraveNewCoin.
Note that bitcoin markets don't "close" in the sense that a stock market might. Bitcoin closing prices are as reported by an exchange . On top of reporting differences, different exchanges may have different bitcoin prices for each date. Also, bitcoin can be extremely volatile intraday; note that the prices internal to our tool may be 10% - or more - different than the prices paid by some market participants in the same 24-hour period.
We believe the trends are correct for the tool, and it's a reasonably good guess at how a typical bitcoin investor would have performed between two dates. However, this tool is for informational or research purposes only. Do your own due diligence.
Bitcoin as a Speculative Investment.
Bitcoin is a speculation, but potentially lucrative. Do your research.
The bitcoin return results quoted should in no way be taken as advice on whether to invest in bitcoin or other cryptocurrencies. Cryptocurrencies, as an asset class, have demonstrated more volatility than any of the other investments we've featured on this site in calculator format. For bitcoins, the time of day any bitcoin was bought or sold makes investor performance vary wildly. As we argued in the 2017 bitcoin return piece, bitcoin is closer to a speculation than an investment.
Bitcoin and other cryptocurrency investors have had extremely remarkable runs as well as harrowing drops. We'll repeat our advice: for the vast majority of investors, we recommend a regular asset allocation and passively managed index funds. However, if you do the research and still feel bitcoin makes sense in your portfolio, hopefully our calculator goes some of the way to easing your research burden.
About PK.
PK founded DQYDJ in 2009 to educate and learn from others in finance and investing. By day he writes prose and code in Silicon Valley. He's mid-30s, married, with two kids.

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Bitcoin Fee Calculator & Estimator.
Learn about bitcoin fees.
Bitcoin is made up of blocks . Blocks are a set of transactions, and currently restricted to be less than or equal to 1,000,000 bytes and designed so that on average only 1 block per.
10 minutes can be created. The groups the create blocks are known as bitcoin miners . These miners can pick which ever transactions they want in the block they create.
Bitcoin miners get paid all the transaction fees in the block they mine. So as such, it is in their interests to maximize the amount of money they make when they create a block. So what they do is pick the 1,000,000 bytes of transactions that results them getting paid the most money.
From a bitcoin miner perspective, they don't care of the value of a transaction, but just the size (amount of bytes), because they are only allowed to create blocks of 1,000,000 bytes or less. So miners don't consider the absolute fee a transaction has, but rather, the fee per byte .
Why are the fee estimations so high?
Eye-balling it, sometimes it looks like the fee estimates are super high. The reason that is, is because they use 95% confidence. If a block was found now maybe you'd only need 20 satoshi/byte, but it might be an hour before the next block and in the subsequent time a large amount of new transactions come in.
Sometimes you don't need such high confidence (e.g. it's not important, or you have a way of fee bumping), so you can get away with much lower fees.
Why are fees so damn high?
Politics. There's actually a pretty neat solution that offers some minor, but immediate relief. But at this stage looks like it's being held hostage to some political agenda that I'm not privy to.
Why do some low-fee paying transactions appear early in the mempool?
It's because a high-fee paying transaction depends on it, and reprioritizes it. i.e. the only way for the miner to get the money from the "good" transaction, is include a "bad" one first. It's known as Child-Pays-For-Parent (CPFP), but note that some old versions of bitcoin core, and bitcoin unlimited don't support it (and leave those transactions for smarter miner software).
Do you have historical data?
How did you build this?
The fee estimates are simply generated by calling estimatesmartfee $n on bitcoin core (0.16.0). The chart is generated by dumping the mempool and doing some smart sorting .
A Lowdown on Bitcoin Fees.
The Bitcoin website lists fast peer-to-peer transactions, worldwide payments, and low processing fees as the most important features of the cryptocurrency. Not surprisingly, Bitcoin has become extremely popular as a way to send money digitally across the globe as it solves critical problems faced by transactions executed in fiat currencies.
In fact, the number of Bitcoin transactions has been consistently rising this year. The third quarter saw 20 million Bitcoin transactions being executed, up from 17.6 million during the second quarter. What's more, the number of Bitcoin transactions has increased at the rate of at least 5% month-over-month since February 2018.
This growth can be attributed to the drop in the average transaction fees on the Bitcoin network, which was earlier proving to be a hindrance in the way of the adoption of this cryptocurrency.
A brief history of Bitcoin fees.
CNBC reported in December 2017 that users were paying $28 on an average to transact using Bitcoin. There was one Twitter user who claimed that he had to incur $16 worth of fees to send $25 worth of Bitcoin from one address to another, while another journalist had to spend $15 to send $100 worth of Bitcoin from a digital wallet to a hardware wallet. In fact, the average Bitcoin transaction fee had shot up to $55 in the third week of December last year, according to BitInfoCharts.
However, the average Bitcoin transaction fee has come down rapidly since then. BitInfoCharts reveals that the average Bitcoin transaction fee had dropped to just $0.50 in the first half of November 2018, which is probably why users are transacting more in Bitcoin to send and receive payments across the globe. But what has caused such a massive drop in the average Bitcoin transaction fees? To find out, we will first have to understand why Bitcoin fees are charged.
The economics behind Bitcoin fees.
A Bitcoin transaction has to be added to the Blockchain in order to be successfully completed. However, for a transaction to be added to the Blockchain, it first needs to be validated by miners who solve a complex mathematical problem to verify the transaction. These miners spend a lot of computing power and energy when verifying a block of transactions from the Bitcoin Mempool (short for memory pool), which contains unconfirmed transactions waiting to be added to a block for confirmation.
Now, miners need to be incentivized for the time, effort, and resources that they are putting in to validate the unconfirmed transactions. As a result, they are given a fee of 12.5 BTC to successfully mine a block, but this is just one of the incentives on offer. Miners also earn a transaction fee that's selected by the sender in a Bitcoin transaction for their effort as they play a critical role in keeping the network secure.
What drives transaction fees?
Each block of transactions on the Blockchain cannot contain more than 1 megabyte of information, so miners can only include a limited number of transactions in each block. This is why miners prioritize those transactions where they have the potential to earn higher transaction fees.
So, if the mempool is full, users looking to get their transactions through will compete on fees. They will push up the fee in a bid to get their transaction included into the next block that's set to be mined. So, the Mempool bottleneck plays an important role in determining the transaction fee, though this isn't the only aspect affecting this metric.
The transaction size also has a role to play in the fee determination. As miners can only include select transactions within the 1 megabyte block, they prefer selecting small transaction sizes because they are easier to confirm. Transactions occupying more space, on the other hand, need more work for validation so they need to carry a higher fee in order to be included in the next block.
So, there are two factors determining transaction fees -- network congestion and transaction size -- and they also play a critical role in the time taken for a transaction to be confirmed. For instance, if a user sends a transaction with very low fees attached to it and the Bitcoin Mempool is full, then miners won't prefer picking that transaction because of the low incentive involved. In such cases, it could take several hours for the transaction to be confirmed.
However, if a user is willing to pay a higher transaction fee, then the first confirmation could arrive in 10 minutes, which is the time taken to mine a block. The Bitcoin community requires six such confirmations for a transaction to be completely validated. This means that if there's no network congestion and the fee attached is high, then the transaction should be successfully processed in an hour.
The future of Bitcoin fees.
Earlier we saw that Bitcoin fees have dropped rapidly over the past year, spurring a growth in the number of transactions. This can be attributed to the smaller Bitcoin Mempool size. However, in case the number of unconfirmed transactions increases at a faster pace than the rate at which new blocks are mined, there will be network congestion. This is when the average Bitcoin transaction fees will go up.
This is the scalability problem faced by Bitcoin thanks to the limited number of nodes. However, the community is coming up with ways to circumnavigate this issue so that numerous transactions are executed quickly with low fees. Earlier this year, a user was able to carry out 42 transactions using the Lightning Network and spent just 4.9 cents in transaction costs.
The Lightning Network is a second-layer payment protocol on top of the Bitcoin blockchain that's capable of conducting a high volume of transactions at speed by reducing the on-chain load. As such, there's a good chance that the average Bitcoin transaction fees will remain low going forward thanks to the development of such payment protocols, thereby boosting the adoption of this cryptocurrency as a means of digital payments.

[admin]

easy Bitcoin Trading Calculator.
No fuss, no mess, calculate those Bitcoin trading profits! . or losses
Android App.
easy Bitcoin Trading Calculator is now available as an Android App! Includes all the features of this site wrapped up in an easy to use app.
Bitcoin Trading Calculator.
Profit Threshold calculates the point at which your trade will begin to make a profit after trading fees have been taken into consideration.
If you have bought bitcoins ( going long ) the threshold will be the point that selling all your bitcoins will give you a profit in fiat (USD). If you have sold bitcoins ( shorting ) the threshold will be the point where buying bitcoins will give you more bitcoins then you started the trade with. Profits or Losses calculates the amount of profit or loss the pair of trades will make you. It gives you a fiat figure (USD) if you are going long and a bitcoin figure if you are shorting.
USD ($) is only used for illustration, obviously the calculator will work with any currency just be consistant with what you enter.
Please note that the easy Bitcoin Trading Calculator is to be used for guidance only. It is only accurate to 8 significant figures.
Remember folks - Buy low and Sell high. Happy trading!

[admin]

Bitcoin and Crypto Taxes for Capital Gains and Income.
Exchange imports. Fast calculations. Download and file.
Calculate Crypto-Currency Taxes.
Cryptocurrency Taxation Podcasts.
Listen in on our cryptocurrency taxation podcast series talking with accountants, tax attorneys and companies about issues around Bitcoin and crypto taxation. There is some great information on filing your taxes and how the new tax laws might affect you.
If you have any suggestions, or would like to be be included in our podcast series, please contact us at .
Tax Reduction Strategies During A Crypto Bull Run.
09/24/2019.
Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, and all crypto-currencies.
Calculating capital gains/losses for Bitcoin and crypto-currencies isn't always straightforward. Do you know the cost-basis of every coin you own? Are you tracking the profits and new basis when you spend or sell? Can you work out the best way to identify your trades to optimize your taxes?
Watch our V >
Online Tax Preparation Services.
BitcoinTaxes have integrated and teamed up with online tax preparations services to help import your crypto activity into your tax forms.
TurboTax ®
Save up to $15 on TurboTax.
This year, get your biggest possible tax refund - without leaving your living room. TurboTax, the #1 best-selling tax software, is up to date on the latest tax laws and guarantees 100% accurate calculations, so you can be confident your taxes are done right. And with TurboTax Live, you can even talk with a CPA or EA onscreen for unlimited advice and a final review of your return.
How It Works.
Simply import details of any crypto-currencies you have bought or sold from one of our supported trading exchanges, add any spending or donations you might have made from your wallets, any mined coins or income you have received, and we'll work your tax position for you.
You can compare using different cost-basis methodologies, including FIFO, LIFO, and average costing, as well as comparing like-kind treatment .
We'll show your Capital Gains Report detailing every transaction's cost basis, sale proceeds and gain.
An Income Report with all the calculated mined values.
A Donation Report with cost basis information for gifts and tips.
And your Closing Report with your net profit and loss and cost basis going forward.
Your Capital Gains are also ready to import directly into tax software, such as TurboTax ® and TaxACT ® , attach as a statement to your tax return or even print as a PDF.
If you are looking for a Tax Professional.
You can visit our new Directory of Bitcoin Tax Professionals to help find crypto-currency knowledgeable tax accountants and attorneys for tax advice, tax planning or other tax services .

[admin]

easy Bitcoin Trading Calculator.
No fuss, no mess, calculate those Bitcoin trading profits! . or losses
Android App.
easy Bitcoin Trading Calculator is now available as an Android App! Includes all the features of this site wrapped up in an easy to use app.
Bitcoin Trading Calculator.
Profit Threshold calculates the point at which your trade will begin to make a profit after trading fees have been taken into consideration.
If you have bought bitcoins ( going long ) the threshold will be the point that selling all your bitcoins will give you a profit in fiat (USD). If you have sold bitcoins ( shorting ) the threshold will be the point where buying bitcoins will give you more bitcoins then you started the trade with. Profits or Losses calculates the amount of profit or loss the pair of trades will make you. It gives you a fiat figure (USD) if you are going long and a bitcoin figure if you are shorting.
USD ($) is only used for illustration, obviously the calculator will work with any currency just be consistant with what you enter.
Please note that the easy Bitcoin Trading Calculator is to be used for guidance only. It is only accurate to 8 significant figures.
Remember folks - Buy low and Sell high. Happy trading!

[admin]

Bitcoin and Crypto Taxes for Capital Gains and Income.
Exchange imports. Fast calculations. Download and file.
Calculate Crypto-Currency Taxes.
Cryptocurrency Taxation Podcasts.
Listen in on our cryptocurrency taxation podcast series talking with accountants, tax attorneys and companies about issues around Bitcoin and crypto taxation. There is some great information on filing your taxes and how the new tax laws might affect you.
If you have any suggestions, or would like to be be included in our podcast series, please contact us at .
Tax Reduction Strategies During A Crypto Bull Run.
09/24/2019.
Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, and all crypto-currencies.
Calculating capital gains/losses for Bitcoin and crypto-currencies isn't always straightforward. Do you know the cost-basis of every coin you own? Are you tracking the profits and new basis when you spend or sell? Can you work out the best way to identify your trades to optimize your taxes?
Watch our V >
Online Tax Preparation Services.
BitcoinTaxes have integrated and teamed up with online tax preparations services to help import your crypto activity into your tax forms.
TurboTax ®
Save up to $15 on TurboTax.
This year, get your biggest possible tax refund - without leaving your living room. TurboTax, the #1 best-selling tax software, is up to date on the latest tax laws and guarantees 100% accurate calculations, so you can be confident your taxes are done right. And with TurboTax Live, you can even talk with a CPA or EA onscreen for unlimited advice and a final review of your return.
How It Works.
Simply import details of any crypto-currencies you have bought or sold from one of our supported trading exchanges, add any spending or donations you might have made from your wallets, any mined coins or income you have received, and we'll work your tax position for you.
You can compare using different cost-basis methodologies, including FIFO, LIFO, and average costing, as well as comparing like-kind treatment .
We'll show your Capital Gains Report detailing every transaction's cost basis, sale proceeds and gain.
An Income Report with all the calculated mined values.
A Donation Report with cost basis information for gifts and tips.
And your Closing Report with your net profit and loss and cost basis going forward.
Your Capital Gains are also ready to import directly into tax software, such as TurboTax ® and TaxACT ® , attach as a statement to your tax return or even print as a PDF.
If you are looking for a Tax Professional.
You can visit our new Directory of Bitcoin Tax Professionals to help find crypto-currency knowledgeable tax accountants and attorneys for tax advice, tax planning or other tax services .

[admin]

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