Tag Archive: Bitcoin’s smallest unit is a Satoshi

Bitcoin surges to $11000


If you would have bought $1000 of Bitcoin in 2013-beginning, you would be planning your retirement now, as you’ll be sitting on $80 million.

There are 16.7 million bitcoins, which have been released in the system till now, with 12.5 new ones released roughly every 10 minutes, thru a process called “mining”. Mining is a process, where global network of computers competes to solve complex algorithms in reward for the new bitcoins.

Bitcoin is a cryptocurrency and a worldwide payment (more…)