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Bitcoin: what to expect?

Bitcoin is a hot topic that has been excited by more and more people lately. Rising the virtual currency to unexpectedly high levels in a short period of time shocked analysts and posed a lot of questions about the future of money and financial systems in general.

What to expect - a continuing appreciation or collapse? Who will win and who will lose? Are Bitcoin is a hot topic that has been excited by more and more people lately. Rising the virtual currency to unexpectedly high levels in a short period of time shocked analysts and posed a lot of questions about the future of money and financial systems in general.

The number of the Bitcoins is limited to 21 million, and the limit is expected to reach 2140. So far, around 16.7 million Bitcoins have been placed in the system, with 12.5 new Bitcoins coming through a process known as "mining", where "diggers" compete in a global computer network to solve complex algorithms, and the reward is new Bitcoin.

Bitcoin mining computers consume an enormous amount of energy. With an increase in the crypto-wave, the market is growing more and more, leading to an increase in energy consumption. According to recent Motherboard site estimates, the energy value for a Bitcoin transaction is 215 kilowatt-hours - the energy consumed by the average American family for one week.

If you want to buy Bitcoins, you do not have to buy a whole "coin". The smallest Bitcoin unit is Satoshi, so named in honor of the mysterious creator of the crypto-wave Satoshi Nakamoto. One Satoshi is equal to one hundredth of a Bitcoin, or about $ 0.0002 at the current exchange rate.