Bitcoin Transactions Basics Before we dive into the complexities of CoinJoin, we first need to understand how Bitcoin transactions function. Theoretically, Bitcoin …
November 2023
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Understanding the world of cryptocurrency, with Bitcoin being its flag bearer, can initially seem like decoding a complex code. Especially intriguing to …
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Mining Economics
Understanding Bitcoin Transaction Fees and The role of Bitcoin Mining
by BiTuxby BiTuxBitcoin transaction fees, often referred to as “miner fees, are a fundamental aspect of the Bitcoin network structure, serving to incentivize miners …
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Bitcoin operates on a decentralized network where transactions are confirmed by “miners” through a process called mining. At the heart of this …
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Mining Tutorials
Understand the Basic Concepts of Bitcoin Mining with a Bash Simulator
by BiTuxby BiTuxWelcome to the fascinating world of Bitcoin mining! Today, we’ll guide you through a GNU/Linux-based Bash simulator for a practical learning experience …
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Introduction to Sats Sats, also known as Satoshis, are the basic atomic unit of Bitcoin (BTC). This denomination of Bitcoin gains its …
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Bitcoin has taken the world by storm, becoming a common topic of discussion in both tech and financial circles. At the heart …
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Bitcoin operates on a decentralized network, which relies on individual devices, known as nodes, to maintain and validate its transaction ledger. We’ll …
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Mining Tutorials
Understanding ‘Min tx relay fee rate (BTC/kvB)’ in Bitcoin Mining
by BiTuxby BiTuxIn the quest to understand bitcoin mining, you’re likely to encounter several terms that may seem complex at first glance. Among these, …
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Bitcoin mining, in a nutshell, involves validating transactional information and adding it to the public ledger, known as the blockchain. However, to …