uBTC.de - Bitcoin Calculator

Bitcoin vs Satoshi: A different way to think

have a theory.. I am curious to get others opinions of it.

long story...
I was having a debate with a fellow crypto enthusiast like myself we did not see eye to eye.
I feel like the general public is having a hard time accepting the value of a bitcoin due to the fact of its unobtainability for most. People don't want to give up 100s to 1000s of one thing to get a fraction of another like bitcoin. They have grown up thinking a fraction of something is very little and not valueable but for Bitcoin it is not the case.
We all know that a Bitcoin can be broken down into something as small as a Satoshi.
Why not use this as the base measure instead of a Bitcoin which is the largest?

I feel people would be a lot more willing to accept using a currency when your talking about it in a whole value like Satoshi and not a fractional value like a Bitcoin. I think this is possibly why mass adoption really hasn't occurred. Why not buy/sell/exchange in Satoshi. Or even possibly come up with a name for something in between a Bitcoin and a satoshi

I believe a lot more people would be amenable spending $1 for 18000 satoshi (18ksat) or 18uBTC than for 0.00018 BTC
The link below you can play around with converting https://www.finder.com/satoshi-to-bitcoin-conversion-calculator

I believe it will be much more important to think like this when Bitcoin becomes $100,000 and more a coin. We need a more mass population acceptable unit of measure for bitcoin for an easier mass adoption
or maybe something like this could work
1 Satoshi = 1sat
10 Satoshi = 10sat
100 Satoshi = 100sat 1,000 Satoshi = 1ksat
10,000 Satoshi = 10ksat
100,000 Satoshi = 100ksat
1,000,000 Satoshi = 1Msat
10,000,000 Satoshi = 10Msat
100,000,000 Satoshi = 1BTC
or we could take out the fractions out of Bitcoin by doing it a similar way 0.00000001 bitcoin = 10 nBTC
0.00000010 bitcoin = 100 nBTC
0.00000100 bitcoin = 1 uBTC
0.00001000 bitcoin = 10 uBTC
0.00010000 bitcoin = 100 uBTC
0.00100000 bitcoin = 1 mBTC
0.01000000 bitcoin = 1 cBTC
0.10000000 bitcoin = 1 dBTC
1.00000000 bitcoin = 1 BTC
Long story short is we need a way to measure a unit of Bitcoin not as a fraction but as a whole number which the general public could much more easily accept.
Agree or disagree or how would be a good way to implement something ?
What are your thoughts, ideas or comments on this topic?
Edit 1BTC = # of Satoshi
submitted by pjman7 to Bitcoin [link] [comments]

[BOUNTY]🔥[AIRDROP]🔥claim your own 20 USDT from BW in 20seconds

700 USDT Giving Away! Come and Join The BW Exchange Bounty Campaign! https://bw.webounty.io/signup?ref=ncbewbr3r
Click the Link and go to the Telegram task page.
there are two types of tasks on the telegram page.
First is the Referral Campaign. 1. Bind your telegram account with Webounty. 2. Invite your friend sign up on Webounty use your own referral code, you will find the referral code when you click the “Invite Now” button as the same referral task.
  1. Bind your Telegram account. Join the official Telegram Group. Upload your withdrawal information in My Wallet.
  2. Stay active in the official Telegram Group. Participate in discussion and events. Help out other members or the admins.
  3. Create and share your own contents to the group such as stickers, videos or GIFs or anything else. Be creative!
  4. If the admins approve of your participation, they can also reward you by replying to you with certain emojis.
  5. Content rewards are calculated at the end of the campaign. By following the rules above, you will earn content points, and your final rewards will be based on how many content points you earned compared to everyone else.
  6. All rewards will be distributed at the end of the campaign. If you don't upload your withdrawal information before the end of the campaign, you won't receive your rewards!

About BW
BW is mostly interpreted as “cryptocurrency network”. As one of the three famous mining pools in the early days, BW possesses the top-level global domain BW.COM and has millions of users, providing mining pool services of mainstream cryptocurrencies such as BTC, LTC, ETH, ETC, UBTC, SC, etc. to miners from 45 countries and regions. The BW mining pool has produced nearly 300,000 Bitcoins, 1.5 million Litecoins and nearly 2 million Ethereums, with a total value of more than 3 billion US Dollars. The current daily output of various digital currencies is still more than 1 million US Dollars. A considerable amount of output comes from self-operated mining machines.
submitted by Mosesnds to airdrops [link] [comments]

Working of Cryptocurrency Mining pool

Working of Cryptocurrency Mining pool
Source - https://coinscapture.com/blog/working-of-cryptocurrency-mining-pool

Working of Cryptocurrency Mining pool
Cryptocurrency is the most discussed and trending topic on various internet forums, communities, and social media. Many individuals are keen to enter the cryptoworld and unfold all the profits within it. Cryptocurrency can be bought from an exchange or mined through the mining pools. In this guide, we’ll understand the working of the cryptocurrency mining pool.
What is Mining Pool?
Cryptocurrency mining is the same as mining the metals from the earth. The individual or company that digs out the metal from the earth becomes the owner similarly the individual who discovers first the valid hash using the computational power becomes the owner and earns a block reward. The crypto mining can either be done solo using his/her own mining devices or through a mining pool.
As more and more enthusiasts participated in mining to earn a block reward became equally difficult and it would take centuries for a miner to generate a block because the probability of finding the hash value first and generating a block is directly proportional to the computing power in the network. The smaller the computational power the smaller is the chance of generating the next block. Hence a solution, to this problem mining pools were formed.
A mining pool is a group of miners pooling/combining their computational power together in order to mine a cryptocurrency quickly and earn a block reward consistently. Each contributing miner earns reward according to their investment in processing power. The working of mining pools depends on certain algorithms that are designed to check the authenticity and validity of the transactions. Miners are required to solve a complex math problem that requires millions of calculations with the help of High computational power. When the miners combined their computational power the block generation process happens at a much faster rate as compared to a single mining rig. For more understanding of mining please refer our previous blog (What is Bitcoin mining?)
Types of Mining Pools
  • Single mining pools: This type of mining pool mine only single cryptocurrency
  • Multi-currency pools: This type of mining pool mine different cryptocurrencies and gives the miner a chance to choose the cryptocurrency for mining timely depending rewards points offered.
  • Cloud mining pools: Cloud-based mining can be combined with mining pools by making an online contract. This type of mining pool allows individuals to participate in mining activity without even buying specialized equipment.
How rewards are shared on mining pools?
The rewards shared after successfully adding the new block to the blockchain vary from currency to currency. The reward sharings also depend on the factors like mining difficulty, the exchange rate between different coins, the hash rate and the block generation time. Some of the followed reward structures are as follows:
  1. Pay-per-share (PPS): This method offers instant payout depending on the miner’s contribution to finding the block. The payment is done using the pool's existing balance and can be withdrawn immediately.
  2. Shared Maximum Pay Per Share (SMPPS): It is the same as Pay-per-share (PPS) but limits the payout to the maximum that the pool has earned.
  3. Equalized Shared Maximum Pay Per Share (ESMPPS): This method is similar to (SMPPS) but the rewards are distributed equally among all miners in the pool.
  4. Proportional (PROP): The miner is rewarded the share that is proportional to the number of shares he has in the pool with respect to the pool’s total shares
Advantages of mining pools
  • Mining pools offer a more stable income
  • Mining pools lower costs of mining
  • Mining pools helps in generating a higher income
Disadvantages of Mining pools
  • There may be some interruptions in the Mining pools
  • There is a sharing of block rewards
  • There may be sometimes unfavorable pool reward structure
Widely-Used Mining Pools
  • Antpool: The largest pool available on the web offering mining of cryptocurrencies like BTC, BCH, LTC, ETH, ETC, ZEC, DASH, SCC, XMC, BTM
  • Minergate.com: A public mining pool mining of cryptocurrencies like ETH, ETC, ZEC, BTG, BCN, XMR, XMO, FCN, XDN, AEON
  • Btc.com: The most popular mining pool among miners offering cryptocurrencies BTC, BCH, ETH, ETC, LTC, UBTC, DCR to mine
  • BTCC: The largest Chinese pool in the world mining 7% of all existing blocks.
  • Slush: The most trusted mining pools on internet mining 7% of all available blocks.
Mining pools can definitely be a change to the entire mining process offering the highest and the real income without spending years depending on the computational powers. Hence, investing in a mining pool can be beneficial but always choose the mining pool that fits your personal needs and facilities.
submitted by coinscapturecom to u/coinscapturecom [link] [comments]

A cryptoforker's guide to free money - Part 1 (The holy ymgve script + what and where to exchange)

EDIT: a new version of this guide, multilingual and featuring a wallet checker (input your IP, see what you can fork and how much it is worth) is available at https://cryptodom.org

Hello my lovely forkers!
A while ago I made a post A cryptoforker's guide to free money - Part 2 (Coinomi, Bither, Bitpie, Walleting Services) where I explained how I used a combination of COINOMI and BITPIE (together with DIG WALLETING SERVICES) to get hold of most forked coins - And then how I sold them (main sites used: GATE.IO / BTCTRADE.COM / BIT-Z.COM / EXRATES.ME / COINEX.COM). Please refer to that for the instructions regarding Bither and Coinomi.
QUICK NOTE: If you are a seasoned forker, just look at point 4 and see if your pokem… I mean fork coins collection is complete :-p / If instead you are a total newbie, remember you can just do the “PREPARATION” part and then claim through DIG WALLETING (affiliate link: https://dig.walleting.services/#/aff/o5YP75ALDORdaAbmrJJx NON affiliate link: https://dig.walleting.services/# ) if the process is too hard/long/risky - these guys are reliable and provide a great service, especially for those who have a plethora of transactions and would need to hunt down every last key manually - they have a Reddit, too: you can reach them at Walleting_Services .
BEFORE YOU START: What is a fork? Is it really free money? Imagine you had a bank account at BTCbank and a card for it. Tomorrow BTCbank splits and half of its branches become BTC2bank. Nothing changes for you as a client of BTCbank, however there is something you can now do. You can move your money from your BTCbank account to a new BTCbank account, in practice making the card for your former account useless in the BTNbank branches but… NOT IN THE BTN2bank branches! So you can go there and get the equivalent of what you had in “free” money. Nothing illegal, nothing shady, no bugs or exploits: it’s all there by design. Keeping with the example though, it should be specified that you must have the “card” of your BTCbank, which in this case is a private key. If you have your BTC stored on papehardware wallet or anywhere else where you are in direct control of your private keys, well done! Those keys are your BTCbank card(s). If, on the other hand, you held your money on an exchange (Binance, Bitfinex, Bittrex, you name it), then your only chance is to wait and hope that the exchange decides to support the coin and gives you your share. It’s not impossible but it introduces a middleman. It’s like you are asking your uncle to have an account in his name at BTCbank and there is no guarantee that uncle will go to a new branch of BTNbank2 and use the card trick to get the free money and give it to you, no matter how much you ask him to. He could do it, he could not: it’s uncle’s call.
PREPARATION: First of all, a question: are you after the fork money to exchange it yourself or do you just want to claim it but want someone else to do all the exchange part for you? If you want to squeeze every last bit out of it, get ready to sign up to a few Chinese exchanges! You might as well do this now before you start, otherwise you’ll get stuck at the cashing part. Same goes for the script. No target address, no script. I warned you :) Anyway, here’s the list: • GATE.IOBTCTRADE.IMCOINEX.COMEXRATES.METRADESATOSHI.COMBIT-Z.COM
My personal favourite is GATE.IO, despite the 60 confirmations (up to 14 hours), but they all helped me one way or another, and most importantly they all allow withdrawal (BTCTRADE.IM wanted verification papers, the others didn’t). Also, make sure to have Coinomi, Bither and Bitpie installed on an Android phone.
STEP 1 - THE GOLDEN RULE Just like in the previous post, let me start off by warning everyone: what are you about to do is dangerous. You could lose your bitcoins. Are you scared? You should be, cause the threat is real. Nobody wants to lose 1 BTC to try and claim a few tens/hundreds of dollars, right? So, first and foremost, make sure that you MOVE your coins from wherever they are (ideally, an offline wallet like a ledger or a trezor), and then, once the wallet is empty, feel free to play around with its private keys, that will hopefully show some transferrable balance at the time of the fork.
STEP 2 - GETTING YOUR KEYS - https://iancoleman.io/bip39/
For getting the keys, this is your number one option - with an offline version for paranoid available, no less. Use the seed (those 24 words in the case of ledger, for example) and after the calculation go get your keys in the chart at the end of the page. In case you have segwit addresses or special scenarios (like a wallet with a lot of operations over a long time), getting the keys, or the “right” keys, might take a while. Anyway: let’s look at the first line of the chart. In the first column you will find the address: copy and paste it onto https://blockchain.info/ and press enter to get the transaction history for that given address. Let’s suppose for the sake of this example that our address shows 2 transactions: one inbound for 2 BTC 1 year ago and anther one for the outgoing BTC 5 minutes ago (because before we started this we DID move them out, right?!?). What that means is that at the time of the forkS (in this case we’d get money from most of them) we had 2 BTC on that address. Great, so it’s loaded, and we need its key. Let’s go back to the chart on line one and let’s have a look at the third column: this is our private key. We will use it later to sweep or import in the various method outlined.
STEP 3 - THE SCRIPT - https://github.com/ymgve/bitcoin_fork_claimer
If you have ben around this subreddit long enough you surely read about the script… And spared a tender thought for ymgve who made this possible. Yet, no one really explains properly how to use it. Unfortunately I do not have the time to explain how to get python installed and running on a machine, you will have to figure it out on your own. Same goes for the fact that you might need to write “py” or “python” before the actual “claimer.py (…)” command. Let’s say you somehow get ready to run the script - now you do have a series of examples on the github page, but they are not so easy to understand for the uninitiated. Here is the relevant quote:
In blockchain.info mode it uses the blockchain.info API to query and validate information about the transaction you're spending from. This only works for transferring/claiming coins that existed on the BTC main chain pre-fork. SYNTAX: * claimer.py * EXAMPLE CLAIMING BTG - BITCOIN GOLD: * claimer.py BTG 4adc4(...) 5K2Y(...) 1HKqKTM(...) 1aa5cm(...)*
Let’s have a look at the example and remember what we did before in the “preparation” and “getting your keys” sections. In the former, we signed up at the exchanges so we now have the relevant deposit addresses, right? So let’s say we want to get fork XXX : let’s look for a deposit address of XXX and let’s call it DEPOXXX - Next, (hello, blockchain.info – here’s my wallet address from column one) we’ll look for the transaction ID (TRANSXXX) of the wallet (WALLETXXX) we have the private key of (PRIVATEXXX). We have it all now, so our script will be:
claimer.py XXX TRANSXXX PRIVATEXXX WALLETXXX DEPOXXX
Admittedly, there is a more complicated method for FBTC and also some kind of manual mode to transfer just parts of the sum and set the transaction fees, if you need those, good luck :)
Also, I was contacted by ottoteixeira who reminded me he created a very useful script (I actually used it during my first attempts) - What it does is to create the scripts to run on ymgve's script. A script for the script, right - sounds complicated but it actually makes your life easier once you understood what you are doing. Give it a try: Otto's script - (requires minimal coding skills to edit the file with your own data)
STEP 4 - WHICH EXCHANGE FOR WHAT? SCRIPT/APP CLAIM:
BCH/BTG - Claim with Coinomi, move to Binance
SBTC/BCD - Claim with Coinomi, move to gate.io
CLAM/BTX- Claim with Coinomi, move to bit-z.com
BTP/BTN/BTW/BTF - Claim with Bither and exchange with Bitpie (move them to the bitpie bank once they cleared to be able to trade on the exchange)
B2X - Claim with script straight to exrates.me
BPA- Claim with Bither, no exchange accepting deposits so far
BTW - Claim with Bither, move to btctrade.com
BPA - Claim with Coinomi, no exchange accepting deposits so far
UBTC - Claim with script, send straight to btctrade.com
CDY - Fork of BCH, untested but should work with script straight to bitpie
BTV - Claim with script straight to coinex.com or bit-z.com
OTHERS:
LBTC - Claim with the online wallet (http://lightningbitcoin.io/ ) (download, run, sweep keys) - can be traded through cryptosnake
LCH - Claim with online wallet (https://litecoinca.sh/#download ) (download, run, sweep keys) - can be traded on tradesatoshi.com
BTCP – I haven’t claimed it yet but some people seem to have made it. To keep up with the news, I follow the #bitcoinadrops discord channel, they talk about it and they are hilarious ☺
UPDATE: Can be claimed with Coinomi (only non segwit though, so I can't test at teh moment). Many successful reports of claiming already. First price I've seen was 0.002 - seems low compared to the hype. I was hoping for 0.02 :-p
NO LUCK HERE:
BCK/BTSQ/BTT/WBTC - Claimable through the script apparently, I haven’t tested cause I have no target address
BTH/BCX - I am yet to find an address where to send them to :(
STEP 5 - FINAL NOTE: Oh no! After 2 days of python, apps, furious coin creation and shady Chinese exchanges you are done. Bonanza is over. Not quite! Here is a little reminder of where to find the info you want and need about the forks -
• cryptodom.org - start from here, always
BitcoinAirdropsTrades - end up here if you are the kind of person who wants to pre trade forks the moment the wallet hits Github :)
And that is all, folks :) Feel free to ask me questions if you are stuck or something is not clear, and I will try my best to answer you. If I helped you, feel free to tip your humble fellow forker here—>
•BTC tip jar: 1BEAADXCk3ng2ZRsinHmwVyZQf1Vu9AcDj
•LTC tip jar: LYT1sbotLuUtU5v5r9uEu61xoGpJ1s4aau
Oh and one last thing… I did help 4 people to sell some of their forked coins, two of them from Reddit. They are binsone and whospumpin. A lot of people are helping, I know… camku Playboy_BTC cryptosnake eliteluxurytrades - Personally I used cryptosnake twice and he was fair and square with me: honestly, all these guys can do some coins I do not handle (LBTC / LCH and even BTCP) - but hey, I am still your favourite one cause I showed you how to do it yourselves, no? So if you are being lazy, let me work for you and let’s share your profits at the usual rate of 5% (over 2k) / 10% (less than 2k) commission :-)
submitted by crytposhadow to BitcoinAirdrops [link] [comments]

Bitcoin Mega and Sub-Units Explained: centiBit, uBTC, mBTC, hBTC, fBTC, pBTC and more Bitcoin units explained: mBTC, uBTC, and Satoshi. How to Mine Bitcoins Using Your Own Computer - YouTube United Bitcoin (UBTC) Fork Happening Today! Bitcoin Mining Calculator

Find out the latest Bitcoin (BTC) value with cryptocurrency calculator. Convert Bitcoin and other cryptocurrency into any world currency including USD, GBP, EUR, CNY, JPY, and more Bitcoin (BTC) Währung-Verbrauchssteuer-Umwandlung Rechner: Dieser Währungskonverter nutzt aktuelle Wechselkurse vom 20. Oktober 2020. Tragen Sie links neben der Währung den umzurechnenden Betrag ein und klicken Sie auf umrechnen. Für die Umrechnung zwischen Bitcoins und nur einer anderen Währung klicken Sie bitte auf die entsprechende Währung. Die Bitcoin ist die Währung in keine ... Bitcoin Calculator. The CoinDesk Bitcoin Calculator tool allows you to convert any amount to and from bitcoin (up to six decimal places) and your preferred world currencies, with conversion rates ... uBTC.de - Bitcoin Calculator. Bitcoin Donation: 12sFiuc9g5BxU9LkkizoS55PYLj4dbb8Tk - PayPalThanks to all for the support! Ethereum ... We added the most popular Currencies and CryptoCurrencies for our Calculator. You can convert Bitcoin to other currencies from the drop down list. Selling 1 Bitcoin you get 9672.209 United Bitcoin at 19. July 2020 06:13 AM (GMT).

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Bitcoin Mega and Sub-Units Explained: centiBit, uBTC, mBTC, hBTC, fBTC, pBTC and more

In this video we talk about how bitcoin breaks down and what the sub denominations are called. Bitcoin Breakdown, mBits, uBits, bits denominations Ep 6 - BitcoinNe.ws Category Crypto Jargon Episode 29 (with English Subtitles) In this episode: For more detailed insight into these indicators just do a youtube search, they are explain... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X IMPORTANT!! This method only illustrates how mining works. You will not make any money f... New free Cloud mining Sites 2020 Bitcoin mining Calculator 2020 Clowerty site live Withdraw Proof Site link: https://bit.ly/3iM3Iup Whatsap no link: http... If you use responsible risk management, you won't be stressed out if a trade doesn't go your way, and you won't feel the need to stay glued to your computer ...

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