Money is an amazing global financial phenomenon. In the course of their evolution, they underwent various metamorphoses and in the end took the form of paper banknotes and metal coins. But even the most daring thinkers could not have foreseen even 20-25 years ago that the development of information and computing technologies would be accompanied by the emergence and development of cryptocurrencies, the questions will become topical: what is Bitcoin and how many satoshi are in one ringing virtual coin that has no physical embodiment.
Despite the fears of some part of the worlds population and the surprising shortsightedness of the official authorities and financial institutions, which do not want to recognize the advantages of the new means of mutual settlements over traditional fiduciary banknotes, the existence of Bitcoin and other alternative coins can already be considered, at least, a fact. Their capitalization has reached $ 10 billion and continues to grow steadily, like the price of Bitcoin. The cost of a whole coin is over $ 700.
The question of who created Bitcoin, one genius and a programmer or a group of such scientists, does not lose its relevance. It is not known why the creator of the new financial phenomenon chose to hide in the shadows and watch the triumphal procession of his brainchild from afar. In any case, the credit goes to Satoshi Nakamoto. This can be either the developers name or a trivial alias. Presumably, Satoshi was named after the creator of the alternative currency.
Since 2009, the cryptocurrency has become firmly in the lead in the financial sector of the web. Methods for its extraction were created. Although the currency is not fully legalized and is prohibited in some countries, this does not prevent it from exciting the minds of people who are not sure of the stability of the global economy and have received an additional source of income thanks to digital currencies.
So how many Satoshi are there in 1 Bitcoin? There is information that from the very beginning it was planned to release 21 million Bitcoins. However, in order to increase the general availability and ease of use of the cryptocurrency, it was decided to divide it into a component coin. One cryptocurrency sign contains one hundred millionth part of it, that is, 1 Bitcoin = 100,000,000 Satoshi. It would seem that this is a completely negligible part.
However, if we consider that as of the end of June 2016, the cost of one Bitcoin is equal to $ 770, it becomes clear that the cryptocurrency has a stronger position than traditional fiduciary monetary units and these satoshi will be enough to meet the daily needs of the worlds population.
It is possible to earn cryptocurrency knowing how much Satoshi is in 1 Bitcoin if you have patience and enough free time. Although some specialists, who have a sufficient amount of free time, manage to mine crypto coins around the clock, both at home and at work.
There are many ways to earn cryptocurrency. One of the options is cryptocurrency mining. Miners have started a real hunt for digital money. In order to join them, you need to understand and master the basic principles and rules of a relatively new type of online earnings. When mining Bitcoin, they use the power of a personal computer or other, more powerful computing devices (miners).
As it turned out, the processor power is not enough to make money, you need a powerful video card and a power supply. Considering how many Satoshi there are in one Bitcoin, to become the owner of a whole coin, you need more than one video card. The more they are used along with power supplies, the better the prospect of earning opens. This is called a farm. In the absence of money to buy expensive equipment, you can try to unite with the same users in a pool. The use of the principles of collectivism makes it possible to combine the power of all computers within this pool, and the earners may well count on a significant increase in the number of earned crypto cents (satoshi).
There are a lot of proposals on this subject in the virtual network. Every person wants to earn extra money. Before you start mining, you need to remember once again how many Satoshi there are in 1 Bitcoin, then read reviews about it on specialized forums, check the number of participants and make an informed decision. We are talking about Bitcoin faucets, lotteries and games.
As for this way of earning money, it is more promising. Why? Yes, because there are many proven and paying faucets. Of course, using only one service for mining cryptocurrency, you wont earn much. As a rule, the reward on Bitcoin faucets is distributed in satoshi.
Therefore, it is advisable to work with several trusted sites. For these purposes, you can use a rotator, knowing how much Satoshi is in 1 Bitcoin, in order to get it, you need to stock up on endurance. The rotator brings together all the faucets. To get cryptocurrency, you do not need to constantly open windows of faucets in the browser to collect satoshi. However, you shouldnt dream of getting rich quick. You need to take this seriously. The most remarkable thing is that the user does not need to invest their own savings in this process.
Many resources offer to get money by introducing captcha (an alphanumeric set that is used on sites to confirm the reality of a person). While some clients consider how many Satoshi there are in one Bitcoin, the created resources entertain their participants, inviting them to complete a logic mini-game (assemble a picture, puzzle). There are also automatic taps, the use of which does not require entering captcha after a certain period of time.
However, these are far from all the ways to earn cryptocurrency on the network. You can try to lease the power of your computer to miners, but you need to take into account that the computer must work around the clock, the power consumption, of course, will increase. It is not a fact that income in this case will exceed expenses. Moreover, if we take into account how many Satoshi there are in 1 Bitcoin, this income is hardly promising.
Another good way to make electronic money is to make money on cryptocurrency exchanges. You can try to withdraw interest when exchanging Bitcoin for another currency and vice versa, subject to a favorable rate. As you know, the rate varies constantly and each currency has ups and downs. You can earn cryptocurrency on them.
It turns out that you do not need to invest personal funds to get currency, and this is a plus. But not every person has perseverance - this is a minus. It is not enough to read the information about how much Satoshi is in 1 Bitcoin; if you want to make money, you need to learn how to do it. Only the application of proven methods in practice will allow you to appreciate each of them at its true worth and choose one or another method of mining cryptocurrency that is most suitable for you.