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Your questions about cryptocurrency answered

Do these new ASIC miners really pay for themselves in 5 days?

Do these new ASIC miners really pay for themselves in 5 days?

How much does mining bitcoin pay per day? Bitcoin miners are currently mining around $20 million worth of Bitcoin per day. That’s $600 million per month. A mining machine costs $2,000-$20,000, making it difficult for anyone but professional miners to mine. How long are ASIC miners profitable? The average lifespan of a well-kept, maintained machine […]

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How to send BCH programmatically using existing wallet

How can I transfer from BCH to BCH? Sending bitcoin cash Start by tapping the SEND button from the home screen. Enter the address of the recipient. Enter the amount to send (in either local currency or bitcoin cash – BCH). Review the transaction and slide the arrow to confirm. How do I transfer money […]

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Bitcoin-cli not found on OSX

How do I use Bitcoin on Mac? Quote from video: And then click about this mac. Then you'll see under the chip or processor. Section it'll either say intel chip or in this case it'll say apple m1 or apple silicon. What is Bitcoin CLI? Bitcoin Core has a built in wallet with graphical and […]

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Can I have multiple working public keys per wallet?

Your Bitcoin wallet address is the hashed version of its public key. Each public key is 256 bits long, while the wallet address is 160 bits long. Bitcoin users can generate as many public keys as they need to transact. It is advisable to have multiple public keys for different transactions to ensure enhanced privacy. […]

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How to transfer only the blockchain to a friend’s computer?

How do I transfer bitcoins from blockchain to another wallet? How do I send Bitcoin? Click on Send and select Bitcoin from the Currency drop-down menu. If you have multiple sub-wallets, you can choose the sub-wallet you want to send from in the From drop-down menu. In the To field, paste the recipient’s address OR […]

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ELI5: is it true that Base58 doesn’t prevent typo, but Base58check does, really because there is a checksum?

What is Base58Check encoding? Bitcoin addresses are encoded using the Base58Check encoding. This encoding is used to limit the confusion between various characters, such as 0OIl as they can look the same in different fonts. The encoding basically takes the binary byte arrays and converts them into human-readable strings. What is Base 58 in Bitcoin? […]

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Why am i picking up 2 blockchains for my BTC address

Why do I have two BTC addresses? Your Exodus wallet manages multiple Bitcoin (BTC) addresses, not just one. Each time you make a BTC transaction, your wallet also uses change addresses to receive leftover transaction-output change. For increased privacy, your Exodus wallet can generate a new address each time you receive bitcoin. Can BTC enter […]

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Creating a multisigaddress using public key from 2 different wallets or using public key from 1 wallet only? Which one is correct?

How is multisig address created? Multisig addresses and transactions are created from multiple private keys and can be used in multiple situations. For example, you can secure your funds using multiple keys on multiple devices. If you want to spend transactions received on multisig address, you’ll need to sign transactions on both devices. How do […]

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How dependent is Bitcoin on the clock?

On what factors Bitcoin depends? Bitcoin’s price is primarily affected by its supply, the market’s demand for it, availability, competing cryptocurrencies, and investor sentiment. Bitcoin supply is limited—there is a finite number of bitcoin, and the final coins are projected to be mined in 2140. Is the crypto market dependent on Bitcoin? However, aspiring traders […]

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Why some transactions disappear from the mempool?

Transactions from disconnected blocks have to be added to the mempool. If it’s already full, in this case, oldest transactions are removed to make room (not lowest fee in this case). How long do transactions stay in Mempool? What Should I Do If My Transaction is Stuck in the Mempool? As a rule of thumb, […]

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