How does it work?

How does it work?

Ok so I get a deposit via bitcoin then how and where do I get the usd cash in my hand? I want to receive bitcoin for a transfer to get cash owed to me. Any advice please.

http://ift.tt/2n8ds9I

Comments

Post a Comment

Popular posts from this blog

New ccminer 2.3.1 from Tpruvot with Lyra2REv3 Support and More

Image
New ccminer 2.3.1 from Tpruvot with Lyra2REv3 Support and More It has been a quite a while since the last update of tpruvot’s ccminer fork ( source ), but there it is a new version 2.3.1 available now that comes with support for Lyra2REv3, sha256q, exosis and Blake2b standard algorithms. The official binary is 64-bit Windows only built with CUDA 10 for SM3+ devices, SM 7.5 architecture is also supported, but doesn’t seem to bring any advantage, for others variants you can build from the source code as the miner is opensource. Do note that CUDA 10 support requires an Nvidia video driver version 410.48 or newer. The most notable thing abut the new release is the support for Lyra2REv3 that will soon be used by the Vertcoin (VTC) after the upcoming hardfork expected to happen in less than two days. The fork should happen in around February 2nd as it is planned for block 1080000, so make sure you are ready with the required local wallet upgrade (if you are using one) as well as with a min...
Read more

Bitcoin Gold (BTG) To Launch Mining on 12th November (7:00 UTC)

Image
Bitcoin Gold (BTG) To Launch Mining on 12th November (7:00 UTC) The Bitcoin Gold (BTG) team has announced the official launch time for the mainnet (currently on testnet) when the mining of the coin will become possible and its actual integration into exchanges and hopefully coin distribution and coins being possible to claim by Bitcoin owners that held BTC at the day of the blockchain snapshot. The official start date for start of Bitcoin Gold is set for 12th November (7:00 UTC) when the download of Bitcoin Gold full node client will be made available. The BTG blockchain will officially go live and the mining will begin and wallets and exchanges will be able to process deposits, withdrawals and trades (as soon as they are ready). We are still going to have to wait a couple of more days or more for larger exchanges to evaluate the software and decide should they add support for BTG and distribute Bitcoin Gold coins to their users that had BTC available at the time of the blockchain sna...
Read more

Bitcoin account balance computation power

Bitcoin account balance computation power As far i know, In bitcoin there is no where storing the account balance in db straight forward. If the person wants to know his account balance from his client app the server will calculate all his transaction of credit and debit return the sum value. If this above is true when person A has previous transactions like 20,000 and Person A wants to transfer some money he has to Person B. When this process starts the bitcoin mining server has to calculate all his transaction from beginning to check whether the person A has enough balance or not and this has to be done in other mining server also to verify. In this case as long as the person has 1 lac transaction, to calculate the balance the computation process will be heavy right ? more computation process uses more cpu cycles and power which affect the maintain cost of the computer and transaction fee may go high. Please explain how its happening ? http://ift.tt/2ymwt9N
Read more