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FAQ

  • What is Bitcoin?
    Bitcoin is therefore a payment system, and it is a totally digital type of money. It is the first decentralized peer-to-peer payment network, carried out directly by its users and does not require central authorities, intermediaries, or banks. From the user's perspective: Bitcoin is mainly money in liquid form that circulates on the net. From the investor's perspective: Bitcoin is a store of value. From the Traider's perspective: Bitcoin represents a "shareholding" to sell and buy on the market to make a profit (trading). Some data (updated to December 2021- Source Coinmarket Cup): - In 2021 the daily trading volume of Bitcoin is approximately $ 28,792,071,206 (28 Billion Dollars - Source Coinmarketcup).- Bitcoin uses strong cryptography to validate and secure transactions. This encryption is the darkest existing in circulation today and has never been possible to break it so far.- The Bitcoin Market Cup is $ 930,105,077,482 ($ 930 Billion). The Market Cup represents the capitalization of Bitcoin, which is the product of the number of shares in circulation and the market price of each Bitcoin.- Since 2009 (the year of the birth of Bitcoin) compared to December 2021 the value of Bitcoin has grown by thirty-six thousand percent. That is, the ROI of Bitcoin is 36952%.- The Total Supply, or the number of BTCs available on the market, is 18,898,131.- The Max Supply, or the total supply or maximum supply of Bitcoin that can be produced is 21,000,000.- In the future (making the difference between Max Supply and Total Supply) we will only be able to create a little more than another 2,000,000 Bitcoins. All this makes Bitcoin extremely rare and this is why the price continues to rise incessantly year after year: more and more people want it and the supply is limited. Follow these steps: 1. Click on the "Manage Frequently Asked Questions" button 2. From the site control panel click on "Add New" and choose the "Question and Answer" 3. New questions and answers will be assigned a category 4. Save and publish You can edit and reorder the FAQs at any time and select other categories.
  • What is Bitcoin Mining?
    The mining (to mine or extract) is the process that uses computing power to process transactions, secure the network, and keep everyone synchronized in the system together. It can be considered as the data center of Bitcoin except that it was designed to be totally decentralized, with miners operating in all countries with no individual in control of the network. This process is called "mining" for an analogy with gold mining because it is a temporary mechanism for issuing new Bitcoins. Unlike gold mining, however, the production of Bitcoin generates a reward in exchange for services useful for the functioning of a secure payment network. Mining will still be necessary even after the last bitcoin has been mined.
  • How does Bitcoin mining work?
    As gold miners extract gold from the earth, bitcoin miners invest resources and energy to extract a valuable asset used as money, namely Bitcoin. Instead of being a mint that coins money, the extraction of new bitcoins is entrusted to the initiative of those who voluntarily undertake the mining activity. Finding and extracting gold is an expensive and tiring activity, usually undertaken by individuals. Bitcoin mining is also a process of money creation resulting from the initiative of market agents. Anyone can become a Bitcoin miner using software with dedicated hardware. The software performs ongoing transactions over a peer-to-peer network and performs a variety of activities in order to process and confirm these transactions. Bitcoin miners carry out this activity as they can earn the commissions paid by users to get faster processing of their transactions and also earn freshly minted Bitcoins via an already known algorithm. To get confirmation of new transactions, they need to be included in a block with a math proof of work. Such proofs are very difficult to generate, because there is no way other than to prove billions of computations per second. This requires that the data extractors perform these calculations, before their blocks are accepted by the network and before they are assigned. The more people start mining, the more it automatically increases the difficulty of finding valid blocks by the network, to ensure that the average time to find the block remains equal to 10 minutes. The proof-of-work is also programmed to depend on previous blocks to enforce a chronological order in the block chain. This makes it exponentially difficult to reverse the previous transactions, because it requires the calculation of the proofs of work of all subsequent blocks. Mining ensures and guarantees a global consensus on processing capacity, in other words it is totally safe, inviolable, transparent and makes it impossible to cheat, "copy" and any other "human or computer shortcut" that man can imagine. Bitcoin miners do NOT have the ability to cheat by increasing their reward, nor validate fraudulent transactions that can corrupt the Bitcoin network, because all Bitcoin nodes would reject any block containing data that is not valid according to the rules of the Bitcoin protocol. Therefore the network always remains secure, much more secure than any system that can be conceived by “centralized” entities such as banks and other institutions. On the contrary, Bitcoin being totally “decentralized” is practically inviolable.
  • Who are the miners?
    The bitcoin network is made up of nodes, that is, computers that communicate with each other thanks to the open source software of Bitcoin. Nodes can have different functions: there are nodes that validate only the regularity of transactions, there are nodes that only propagate transactions to other nodes. Miners are nodes that have the task of creating the chain of blocks, called blockchain, where all transactions are recorded forever, and in an inviolable way.
  • What do miners do?
    Miners or "mining nodes" are private citizens or companies that invest huge resources to solve a mathematical problem that can only be solved by trial and error. Anyone can mine Bitcoin. Here's what you need: - Specific mining equipment, that is, very powerful video cards such as video games, or dedicated computers (ASICS), which increase the chances of mining Bitcoins and specifically designed to calculate the SHA256 equation of Bitcoin.- Producing or purchasing a lot of electricity to power the computers and related cooling systems, in fact, the mining of these machines heats the environments in which they are installed and an ideal temperature must be maintained to safeguard the physical integrity of the machines.- Human resources to manage the mining farm and the machines that work incessantly.- Maintenance and replacement of machines, which, always brought to the maximum of their calculation capacity, deteriorate quickly. Of course, this all has to be done in competition with all the other miners in the world. Once the operations are started, your calculators do nothing but calculate the same equation over and over (SHA-256), using the transactions from the Bitcoin network as data and trying to add a different number to the equation to check if the result is that required by the protocol. The result must be a hexadecimal number like this: 0000000000000000000411a4e1c92831e929321407e9d79072f0d140c3ff44d11e0 For example, on the first attempt the mine machine enters the number 1 in the SHA-256 equation and looks at the result to see how many zeros there are in front of the number. On the second attempt it recalculates SHA-256, with the same set of transactions and adds the number 2, on the third attempt, it adds the number 3 to the set of transactions, and so on until it gets a number starting with zeroes in front. The result is purely coincidental. These are very large numbers, in fact, only, approximately, every 10 minutes one of the computers around the world finds the number with the quantity of leading zeros required by the protocol at that precise moment. When a miner has found a valid solution, he exposes the solution to blocking transactions to the entire computer network. All miners verify immediately and easily because the result is replicable and mathematically provable. Transactions within the mined block are certainly valid and can be added to the block chain. As described in the dedicated FAQ, the miner is a node, a user who installs bitcoin on his computer but in addition to validating a transaction and disseminating it, he also takes the burden of spending energy that allows him to solve the mathematical "puzzle" underlying the permission to write in blockchain. This type of system works in a decentralized way, that is, it is “present” on the computers of every miner, existing in the world. For this reason it does not need any centralized coordinator, in fact it manages itself according to the chain of blocks that are all interconnected.
  • What is a knot?
    A Bitcoin node is essentially a storage device, such as a laptop or PC with internet access, that has the ability to hold the Bitcoin blockchain. These nodes transmit information from users to miners. Nodes are used to aggregate valid transactions and create a new candidate block that needs to be validated. For example, when sending a payment, after sending the transaction, the closest nodes immediately check whether there are actually funds to spend. If this check is passed, the transaction is queued for processing by the miners.
  • What is Hash Rate?
    The Hash Rate is the computing power. Hash Rate is the unit of measurement of network processing power. For example, when the network reaches a Hash Rate of 10 Th / s, it means that it can perform a trillion calculations per second. The system self-adjusts when the computing power entered by the system is so high that valid blocks are found in less than 10 minutes, the difficulty of the math puzzle is increased by increasing the number of zeros in front of the solution to be found. While in the event that the computing power in the system is too low and new blocks are found only every 15 minutes, the system facilitates the solution by requiring miners to find a number with fewer zeros in front. This mechanism “adjusts” the difficulty based on how much computing power is in the system. In practice, if the computing power drops, finding bitcoin becomes easier, so there will be more individuals with an incentive to mine, thus keeping the system up and running. On the other hand, when mining bitcoins becomes too complicated, only the most efficient players remain on the mining market. Over time, therefore, as hash power increases, the price of bitcoin also increases: more value, more computing power and consequently more security!
  • What is the Blockchain?
    The blockchain (literally "chain of blocks") is a shared and "immutable" data structure. It is defined as a digital register whose entries are grouped into "blocks", concatenated in chronological order, and whose integrity is guaranteed by the use of cryptography. Although its size is destined to grow over time, it is immutable in the concept of "how much". Its content, once written through a regulated process, is no longer modifiable or eliminable, unless the entire process is invalidated. These technologies are included in the broader family of Distributed Ledgers, ie systems that are based on a distributed ledger, which can be read and modified by multiple nodes on a network. It is not required that the nodes involved know each other's identity or trust each other because, to ensure consistency between the various copies, the addition of a new block is globally governed by a shared protocol. Once the new block is allowed to be added, each node updates its own private copy. The very nature of the data structure guarantees the absence of its future manipulation. The characteristics that the systems developed with Blockchain and Distributed Ledger technologies have in common are: data digitization, decentralization, traceability of transfers, transparency / verifiability, immutability of the register and programmability of transfers. Thanks to these characteristics, the blockchain is therefore considered an alternative in terms of security, reliability, transparency and costs to databases and registers managed centrally by recognized and regulated authorities (public administrations, banks, insurance companies, intermediaries payment, etc.). From Wikipedia, the free encyclopedia.
  • How was the Blockchain born?
    The first blockchain was introduced, in 2008, by Satoshi Nakamoto (pseudonym of an author whose identity is still unknown), and implemented the following year, with the aim of acting as a "ledger" (register of all transactions) of the nascent digital currency Bitcoin. Satoshi Nakamoto used the words block and chain separately in the original 2008 article. In 2009, the creation of Satoshi Nakamoto: Bitcoin was used for the first time for the purchase of a pizza. In August 2014, with Bitcoin having already achieved some notoriety globally, the size of its blockchain reached 20 gigabytes; in March 2018 it exceeded 162 gigabytes.
  • Why does the Blockchain have a massive social impact?
    In 2014, the term "Blockchain 2.0" began to be used to refer to a new way of using the blockchain. The idea was to allow people excluded from the current monetization to be able to get hold of a reliable and safe monetary deposit with the ability to protect privacy and monetize their information. Blockchain also has the potential to solve the problem of social inequality by changing the way wealth is distributed. In 2017, the Nevada parliament completely liberalized the blockchain. In particular section 4 of Senate Bill 398: - prevents local authorities from imposing taxes on the blockchain;- prevents the request for any form of license for the use of the blockchain;- prevents any other requests on the use of the blockchain. In April 2019, during the International Handicraft Exhibition, the first Made in Italy handcrafted product was presented in which the production steps were entirely traced using blockchain technology. From Wikipedia, the free encyclopedia.
  • For a private individual, do “small” investments make sense?
    Absolutely yes! Any form of savings, whether small or large, represents a hedge against the risk of inflation which in recent years has cut the euro by over 22% of its value. Usually, those who invest with us tend to reinvest or increase positions over time, thanks to the reliability, solidity and returns we guarantee. Here are some examples: In 2009 you could buy a pizza with 10,000 Bitcoins - while with 10,000 euros you could buy a great car. In 2021 with 10,000 Bitcoins (or € 500,000,000 - five hundred million euros) you can buy many things - while with 10,000 euros you will struggle to buy a used car.
  • I have a self-contained power plant, can I use it to work with you?
    Of course, for customers who have autonomous energy production systems, (such as photovoltaic systems, wind farms, hydroelectric systems or other) we provide tailor-made solutions offering different business and income opportunities. Contact us as soon as possible for a free consultation.
  • What is Ethereum?
    In the cryptocurrency sector, after Bitcoin, Ethereum is the second largest cryptocurrency by capitalization and importance. Ethereum is often associated with the term "new Bitcoin" due to the importance that this type of cryptocurrency plays in the entire crypto ecosystem and the services and opportunities it offers. In the future, due to the central role it plays, a high growth rate is expected for Ethereum, which since its inception has already had growth yields even higher than Bitcoin: * Ethereum ROI: 138207.51%. * Bitcoin ROI: 35297.7% * data updated as of December 13, 2021. As can be seen from the ROI of Ethereum and Bitcoin, Ethereum has over-performed compared to Bitcoin with a Return on Investment of over 3.9 times higher than Bitcoin!
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