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 Second, anonymity. Anonymity of transaction execution is achieved due to the fact that bitcoins wallets do not have familiar logins and passwords, and there is no need to specify any personal data of the sender and recipient of funds. A purse consists of a public identifier, conditionally it can be called a login, balance and private key. To make a transaction, you need to know only the public identifier of the recipient. The process of purse creation is the generation of a random private key, for which a cryptographic function called hashing is responsible. When a user loses access to his wallet, the funds contained in it are dropped out of circulation. Lost bitcoins still remain in global history, just like everyone else, however, will remain motionless forever, because there is no way to find the private key. According to the law of supply and demand, the fewer bitcoins are available, the more valuable those that are left in circulation will be.


Third, there is no single production center. It is known that the issue of US dollars can be limited only by legislation, and they are not secured by anything, as the gold standard was abolished in 1933, and it can be assumed that now their value is kept mainly on the U.S. authority in the world market. The total number of bitcoins that will ever go into circulation is 21,000,000. But don't worry about not having enough of them for everyone: each bitcoin can be divided into 100,000,000 shares, one such share is called 1 Satoshi, after the creator of the bitcoins.


 

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The process of issuing bitcoins is regulated automatically so that a limited and predictable amount of coins is always created, proportionally divided between those who give the computing power of their computer to support the network and protect transactions. So far, more than 13.5 million bitcoins have been issued, and all of them will be issued around the end of 2025, with the number of virtual coins issued decreasing day by day. Fig. 1 shows the dynamics of bitcoin output in the period from December 1, 2013 to December 22, 2014.


Where do bitcoins come from and what is mining? Bitcoin mining is a process that involves the use of computer hardware resources to perform mathematical calculations to validate transactions and secure a Bitcoin network. Recently, the question of whether it is profitable to engage in mining has been pressing. In some sources (in particular, in [2]) several experiments have been mentioned, as a result of which it turned out that using processors for mining can bring up to several kopecks per hour. Mining with the help of video cards also may not pay off due to the cost of both video cards themselves and electricity.


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