Table of contents:
- What are satoshis and how much do they cost?
- How many Satoshi fit in one bitcoin?
- Satoshi price in rubles and dollars
- Mining and production
- Satoshi is customary to collect
- Withdraw money
- In conclusion
People did not know anything about electronic money before, and such terms as "satoshi" and "bitcoin" did not exist. Today they are used in the headlines of world magazines and news.
The creator of the cryptocurrency is the Japanese (or Australian) entrepreneur Satoshi Nakamoto, who presented to the public a development that literally broke the modern idea of the monetary system as a whole. However, even today it is not known whether Nakamoto is a real person or just an image that hides a collective of entrepreneurs.
But it doesn't matter. The bottom line is that Nakamoto's idea changed the idea of immutable things.
What are satoshis and how much do they cost?
Actually, satoshi is a small piece of bitcoin, named after the inventor of the cryptocurrency. If we draw an analogy with the Russian ruble, then satoshi is one penny, only its price is much lower.
When the question of how many bitcoins will exist in the world, it was said that only 21,000,000 coins, no more and no less. Of course, with so many bitcoins, it is unlikely that it will be possible to conquer and absorb the whole world, so each bitcoin was broken into many component parts. These pieces were named after Nakamoto. It is not known who exactly gave the coin such a name, but this is how the name of the inventor, who allegedly was Satoshi Nakamoto, was immortalized. It is too early to talk about how much 1 satoshi costs in rubles. This question requires calculation and explanation.
How many Satoshi fit in one bitcoin?
So, we have already figured out what Satoshi is. How much they cost, we'll talk further. So, in one bitcoin there are 100 million of these "kopecks". Breaking one coin into such a huge number of parts was previously necessary in order to increase the total amount of virtual money.
Today, bitcoin is breaking records. For example, in October 2017, the cost of one coin averages $5,000.
Satoshi price in rubles and dollars
If we take into account that there are 100 million Satoshi in one bitcoin, then in order to calculate the price of one Satoshi, we need to divide $5,000 by 100 million. As a result, we get the cost of one "penny". The price of this coin will be equal to 0.00005 dollars. So we found out how much Satoshi is worth in dollars. What about rubles?
It's even easier here. We just needcalculate the cost at the current exchange rate. Again, let's take October 2017 as a basis. The price of one dollar during this period is 58 rubles. Therefore, we multiply 0.00005 by 58 and get 0.0029 rubles. So, we found out how much one satoshi costs in rubles. But keep in mind that the cost of this unit is constantly changing. As a result, there will be almost 345 Satoshi in one ruble, and 20,000 coins in one dollar.
The value of the price of one coin gives us the opportunity to calculate how much 100 Satoshi costs in rubles. At a rate of 0.0029 rubles per satoshi, the cost of 100 coins will be (0.0029100) 0.29 rubles, that is, 29 kopecks. As for the American currency, the price for 100 coins (0.00005100) is equal to 0.005 dollars, that is, half of one cent.
So, we found out how much 100 satoshi costs and what is the price of one coin. If you managed to get somewhere around 100 of these coins, then we hasten to disappoint: this is too little in terms of real money. You need to have at least a million satoshi, which will be good enough. By the way, a million of these coins will be equal to 50 dollars or almost 3,000 rubles.
Mining and production
Now that we have figured out what satoshi is and how much they cost, we can talk about how to get them. The main options are to collect or produce. A common way to get these coins is mining. This is the process of producing satoshis and bitcoins, but it is quite complex and requires large capacities, so the average user will not be able to produce satoshis. Helose money on electricity bills.
However, if you have powerful equipment and cheap electricity, you can try to mine at least one bitcoin, but you will have to work hard, because it is quite difficult.
Satoshi is customary to collect
There are many so-called "faucets" on the Internet - these are sites that give their visitors a certain amount of Satoshi for completing the same type of tasks. These tasks are simple: enter a captcha, take a survey, watch an advertisement, participate in contests or games. To do this, you will first need to create an electronic wallet - encrypted coins will be paid to it.
Note that earnings on such sites are low, unfortunately. Even if you work every day and spend about 8 hours collecting Satoshi, then you can really get 2-3 dollars a day. However, if you try hard and at the same time try to collect Satoshi from different faucets, you can significantly increase your earnings, but still this "pampering" will not replace a full-fledged job.
It is impossible to make a direct exchange of these coins for rubles or dollars. First you need to turn them into bitcoin, and only then is it possible to convert them into rubles or another currency.
However, in fact, everything is simpler. Earned coins will be withdrawn to the wallet and automatically converted. The amount in bitcoins can be calculated independently, because the rate is always stable. In any crisis, in one bitcoin there was and alwayswill be 100 million satoshi. Well, then bitcoin can be exchanged through an exchange or an exchanger for real money.
Given the fact that the demand for cryptocurrency is constantly growing, the cost of one coin is also increasing. However, it is worth remembering that the cryptocurrency does not have an emission, and its value depends precisely on demand. Therefore, you do not need to leave the earned money in your wallets for a long time. It is recommended to change them as often as possible, because storing cryptocurrency can lead to a fall in the exchange rate and the loss of real money.
Unfortunately, no one can give any guarantees as to whether this currency will be relevant in the future. Many experts predict an imminent fall in the cryptocurrency exchange rate, which will lead to its complete disappearance, and then the money earned by users will turn into pennies. However, today the official exchange rate is breaking all records and is growing by leaps and bounds. This is explained by the huge popularity of cryptocurrency and the great demand for bitcoins and satoshi.
Some banks today are actively mastering this no longer a new currency, and many exchanges are also opening and developing. For example, recently the largest Japanese cryptocurrency exchange Bitflyer issued a Visa card. Users can fund it with bitcoins.
All this makes it clear that the currency is developing and becoming more active. Unfortunately, it is impossible to predict its further course. He will either go up or fall hard, but he is unlikely towill stay in one place.
Many are skeptical about collecting Satoshi. This is understandable, given what Satoshi is and how much they cost. This is just a speck of dust, but you need to take into account that the cost of this unit is constantly growing.
In general, no one collects Satoshi from "faucets" all the time. For many, this is just an additional way to earn money, which they do in their free time from their main job. Some even manage to turn on the automatic mode and get these coins, doing almost nothing. This is definitely worth thinking about. Now you know what Satoshi is and how much they cost. Try to get these coins. Perhaps you will like this way of earning money.