The minimum average confirmation time is 10 minutes regardless of the total hash rate. That is how Bitcoin is designed.

The average confirmation time is affected primarily by the amount of the fee paid by the transaction and its size (in bytes), however it cannot be less than the minimum average confirmation time. Again, it is not affected by the total hash rate.

Finally, every user mining on their PC will not have a detectable affect on the total hash rate. A top-of-the-line PC might have a hash rate of 1 GH/s. If 1 million users mine on their top-of-the-line 1 GH/s PCs, they will contribute 1000000 GH/s, which is about 0.02% of the 5635000000 GH/s total hash rate.

It is not enough to know just the wallet id. The thief must also know the password.

One of the dangers of a using blockchain.info wallet is that phishing attacks are common. Many people have lost their bitcoins by accessing their wallet through a link in an email or google search.

I wonder how many traders have quadrupled their money in the last year. That's how much you would have made by not trading. My guess is less than half.

There nothing called a "unique id" in bitcoin.

Perhaps you are referring to a "private key". A private key is used to spend bitcoins. Private keys must be kept secret. They are stored in (and generated by) a wallet.

Perhaps you are referring to a "Bitcoin address". This is used to send you bitcoins. It is derived from a private key. It must be public so that bitcoins can be sent to it.

Perhaps you are referring to a "seed". This is generally a 12 word phrase, though the number of words can depend on the wallet. Some, but not all, wallets use a seed to generate private keys. It must be kept secret because someone can use it to generate your private keys and spend your bitcoins.

Who gave you the "batch id"? It is not related to Bitcoin. You need to provide more information.

It is a mistake to invest in something you don't understand, and even worse to trade in things you don't understand. At least with Bitcoin, it might turn out to be a good investment. So, I recommend that you think of it a long term investment and sit on it.

In the meantime,

Start doing research.
Watch Andreas Antonopolis videos: https://www.youtube.com/watch?v=qkxdys-Ek9U
Go to a meetup: https://www.meetup.com/Las-Vegas-Bitcoin-Meetup/

Your private keys are derived from that 12-word phrase. Each time you start Jaxx, the keys are regenerated, so there is no need to store them.

The 12-word phrase must backed up. There are no Jaxx servers, so it is up to you to back up the 12-word phrase. If you lose it, you lose your bitcoins.

How do you prevent a person from claiming coins multiple times?

Do not invest in Bitcoin. By your own admission, you clearly don't know what you are doing. You are not investing, you are gambling.

Watch this: https://www.youtube.com/watch?v=WtKMKKnBX-Q

Do not listen to the idiots here that are encouraging you to make a bad decision.

Invest in something else instead. Invest in something you understand. You may not make as much and you definitely will not lose as much, but at least you will be able to sleep at night.

That is normal behavior. Most wallets now only use an address once for increased privacy.

You have an online account, not an online wallet. They may call it a wallet, but your bitcoins are just an entry in a database. They store all the bitcoins in their wallet. The address that you are looking at is just a deposit address. When you send bitcoins to it, they record the deposit in their database and then they do whatever they want with the bitcoins.

The most important difference between Coinbase and Jaxx is that you have an account at Coinbase and not a wallet. If you give your bitcoins to Coinbase to hold for you, then they could decide to keep them. You have to ask for their permission to spend them, and they might say no. Jaxx does not have these problems.

That has never happened.

No more than at other times, and less so as more blocks are created.

It is always limited.

The halving has no effect on demand (except for speculators betting on a price rise fueled by fallacy).

In the earliest days when a single person could mine 1000 BTC each day (14% of the hash power, btw), bitcoins were worthless. So even mining on a cpu, which might cost $1-$2 per day, was mining at a loss.

That is a common misconception. The supply of bitcoins is not halved. It is constantly increasing until the last new satoshi is created.

No. The halving does not cause the price to double.

WTF? NO! That is wrong.

OMG! NO! That is wrong.

Why do people write this this crap? Oh, right! They are spamming the forums in order to pump up their post count.

1.  Blocks are produced at the rate of one every ten minutes on average, and there is no reason why a miner couldn't produce a block 30 seconds after including your transaction.

2.  People might use Coinbase over Bitstamp even though it is more expensive because it can be more convenient, or because they don't know about Bitstamp and other exchanges.

3.  A wallet holds one or more private keys. It may use a seed to generate those private keys. A public key is derived from a private key. A Bitcoin address is derived from a public key -- it is not the same a public key. A transaction that sends from several addresses generally does mean those addresses are in the same wallet. That is the main technique used to associate addresses.

4.  The user's value that you see is calculated from your rating, the ratings given by the users you trust, and the ratings given by default trust users.

5.  Transactions send fixed amounts of bitcoins (too long to explain here), so your wallet will create a new "change" address to send the leftover bitcoins to.

6.  In simplest terms, an output typically specifies the address that bitcoins are sent to, and an input specifies where the bitcoins come from.

But more precisely: An output holds bitcoins and specifies the requirements for a transaction to claim them. An input references the output of a previous transaction. A transaction transfers bitcoins from the outputs referenced by its inputs to its own outputs.

7.  The primary reason to run a full node is to ensure the security of your bitcoins and your transactions. However, more full nodes and more interconnections between full nodes also result in a more reliable and secure network.

8.  An "anyone can spend" output is just that -- anyone can spend it. However, in a soft fork, such an output looks like an "anyone can spend" output only to old software.

9.  A hard fork is a change in the validation rules that causes the chain to split into two branches. The new rules extend one branch, and the old rules extend the other branch. It is assumed that economic factors would motivate everyone to abandon the branch with the old rules.

That is a common myth.

It is possible for some to mine bitcoins profitably with a single device. The major factor is cost of electricity. Other factors are the cost of the equipment, cooling, and noise. While there might be some economies of scale in mining with 1000 machines, it is not a major factor.


That is another common myth.

Even back in the days of CPU and GPU mining, mining was unprofitable for most users because the value of the mined bitcoins was so low.

I assume it is per day.

There currently 300 k transactions per day. If the typical transaction sends bitcoins to a new address plus a new change address, then 600 k new addresses per day seems reasonable.

Your premise is mistaken. Unless all the bots are operating in unison, their competition and frequent trading only serve to add liquidity and reduce volatility.

One might lose less than the other, but I doubt that either would be profitable. Sorry, for being so negative, but some newbies are so naive, thinking they can earn money with no knowledge and no skill.