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Your questions about cryptocurrency answered

RAM usage of very small systems

RAM usage of very small systems

What happens when the RAM capacity on your computer is very small? Low RAM can may cause your computer to freeze at random times. When programs and apps consume all or most of your computer’s RAM, it will cause performance issues, including the potential for random freezes. How much RAM does system use? Theoretically speaking […]

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How exactly does the network know if the miner has put forth a valid proof of work?

How does proof of work mining work? Proof of work (PoW) is a decentralized consensus mechanism that requires members of a network to expend effort solving an arbitrary mathematical puzzle to prevent anybody from gaming the system. Proof of work is used widely in cryptocurrency mining, for validating transactions and mining new tokens. How does […]

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Remove Orphan blocks from “personal” blockchain

What happens to transactions in orphaned blocks? What happens to transactions that are placed into orphan blocks? There is no cause for concern. Even if they are placed onto orphan blocks, transactions made without malicious intent are entered into the main chain at the same time. However, you need to be careful if you receive […]

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How complex can bitcoin multi-signature addresses be?

In fact it is possible to configure the minimum number of signatures that will be needed to authorize transactions. That is, you can create a multisignature address from three keys, but only need two of them (regardless of which ones) to open. This is what is known as an “address”. Bitcoin multisignature 2 of 3”. […]

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Trust in bitcoin networking

The means through which bitcoin and similar cryptocurrencies create trust is through a network-based ledger known as a blockchain. Much like traditional ledgers used by banks all over the world, blockchains contain records of all the transactions that have ever taken place using the bitcoin currency. What does trust mean in blockchain? The academic discussion […]

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Entry point hardware for profitable mining

Is GPU mining still profitable? Bitcoin GPU mining is not profitable currently even with a mining pool. But you can mine with pools that allow you to contribute the hash rate to mine other crypto and get rewarded in Bitcoin. What should I start with mining 2022? Newer cards like NVIDIA RTX 2000 and 3000 […]

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How do I generate a paper wallet for Bitcoin Cash

How do I get a bitcoin paper wallet? Here’s the short way for creating a paper wallet: Go to BitAddress. Generate a random private key. Click “paper wallet” Choose how many copies you’d like to print out. Encrypt the wallet with a BIP38 password (optional) Print and enjoy 🙂 How do I create a bitcoin […]

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Understanding IP address tracing via Bitcoin Transaction

Do Bitcoin transactions show IP address? Because the Bitcoin network is a peer-to-peer network, it is possible to listen for transactions’ relays and log their IP addresses. Full node clients relay all users’ transactions just like their own. Can Bitcoin transaction be trace? Using Bitcoin to make payments does not mean that your transactions are […]

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Bitcoins and transactions missing

If your transaction has not been confirmed yet, please allow some time for it to be confirmed. Typically, a transaction takes between five minutes and three hours to get confirmed. This is normal, and confirmation time depends mostly on current network traffic. Why is my Bitcoin transaction not showing up? If the recipient states that […]

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Bitcoin core: why does the wallet file contain transactions?

What is in a Bitcoin wallet file? A WALLET file is a file created by MultiDoge, a port of the MultiBit client for Bitcoin used to perform Bitcoin transactions. It contains one or more private keys, which are strings of characters used to verify the identity of the user and enable BitCoin transactions. How can […]

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