Bitcoin Transaction facts
While investigating facts about Bitcoin Transaction Fee and Bitcoin Transaction Time, I found out little known, but curios details like:
The first real-world Bitcoin transaction was 10,000 BTC for 2 pizzas. In today's value, 10,000 BTC is worth $57 million USD.
how bitcoin transaction works?
In the first "real-world transaction with bitcoin" a programmer paid 10,000 bitcoins for 2 large Papa John's pizzas. 4 years later, those bitcoins were worth 5.12 million dollars.
What happens if a bitcoin transaction is not confirmed?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what was the first bitcoin transaction. Here are 21 of the best facts about Bitcoin Transaction Confirmation and Bitcoin Transaction Id I managed to collect.
what happens to unconfirmed bitcoin transactions?
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The first recipient of a bitcoin transaction is using his amassed fortune from the cryptocurrency to fund the cryogenic preservation of his body. He died in 2014 from ALS
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The energy cost of performing one bitcoin transaction is 298 kilowatt hours: the equivalent of powering nearly 10 houses for an entire day, or gaming on an Xbox 360 for almost 2000 hours.
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A single bitcoin transaction takes the electric energy to power a U.S. household for 4.33 days
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Every bitcoin transaction, no matter how small, uses at least enough electricity to power an average home for an entire day.
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The largest bitcoin transaction was made back in 2013 with value of $147Mil , today's market value is $174Mil representing 1.6% of all bitcoins now in circulation, and the transaction was tagged "Shit Load of Money!"
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The first major bitcoin transaction was made by man buying 2 pizzas for around 10,000BTC which would have been equal to $12,000,000 in November 2013.
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Bitcoin consumes about 26kw/h per transaction compared to about 29kw/h per day for an average american home.
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In January 2009, Hal Finney was the Bitcoin network's first transaction recipient.
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All bitcoin transactions are public (here is a live map)
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In May 2010, one of the earliest documented bitcoin transactions involved a user offering 10,000 BTCs (equivalent to 40$ at the time) in exchange for 2 pizzas delivered to his house. By May 2011, these BTCs became worth 76,000$. Today, that Pizza transaction is equivalent to 2 Million $.
Bitcoin Transaction data charts
For your convenience take a look at Bitcoin Transaction figures with stats and charts presented as graphic.
Why bitcoin transaction unconfirmed?
You can easily fact check why bitcoin transaction fee so high by examining the linked well-known sources.
Genesis Mining sent a Bitcoin into the stratosphere and made what they claim is the first Bitcoin transaction in outer space.
On 22 May 2010, Laszlo Hanyecz made the first real-world bitcoin transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC. Adjusted for current value as of 12/8/17 those 2 pizzas cost him $160,000,000 USD - source
A single bitcoin transaction requires as much electricity as a house does in a week - source
The first bitcoin transaction was for 2 pizzas. The buyer paid 10,000 BTC (today's price $2.34 million USD).
The first real world transaction of bitcoin was a man in Florida bought two pizzas for 10,000 bitcoins. Today, those 10,000 bitcoins are worth $28 million. - source
When bitcoin transaction is confirmed?
The first real world Bitcoin transaction was done between two Bitcointalk forum users, in which the buyer bought two pizzas for 10,000 Bitcoins. In today's rate those pizzas will cost more than $590 mil.
How bitcoin transactions are verified?
The first real-world Bitcoin transaction was 10,000 BTC for 2 pizzas. In today's value, 10,000 BTC is worth $194,943,763.00 USD.
In 2010, as the first real-world bitcoin transaction, a man named Laszo Hanyecs paid 10,000 Bitcoins for 2 pizza's in Jacksonville Florida. At $2,294 per bitcoin today, that is equivalent to $22,940,000!!!
Ethereum is much bigger than Bitcoin in terms of # of transactions processed
