The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bitcoin is a cryptocurrency, a digital private currency that operates without the involvement of banks or governments. The current price of one Bitcoin is US$21,155.61, which is equivalent to approximately 143,000 yuan in RMB. Bitcoin is mentioned in nearly every news cycle. As the first and most widely traded cryptocurrency, for better or worse, Bitcoin is often seen as representative of the larger cryptocurrency ecosystem. Since its creation in 2009, its critics have decried its failure while its supporters have been making wild predictions. Many investors still don’t know how much RMB a Bitcoin is worth in 2023. Let the editor of the currency circle introduce it to you in detail.

## How much is one Bitcoin worth in RMB in 2023?

As of 13:41 on February 3, 2023, the price of one Bitcoin is US$21,155.61, which is equivalent to approximately 143,000 yuan in RMB.

Bitcoin is a cryptocurrency, an electronic version of money that uses cryptography (the science of encoding and decoding information) to verify transactions.

As Bitcoin educator, developer, and entrepreneur Jimmy Song explains, Bitcoin is “decentralized, digital, and scarce currency.” Here are the other key features of Bitcoin:

· It is decentralized because the code is run by thousands of computers (i.e. "nodes") spread across the world.

·It is digital because it exists as a set of codes that determine how it operates.

·It is scarce because its code limits its total supply to 21 million Bitcoins.

When you use Bitcoin to buy something, it records the transaction on the blockchain, which is essentially a ledger or database whose entries cannot be modified or deleted.

## What is Bitcoin mining?

New Bitcoins are created approximately every 10 minutes through a process called mining. "It's called mining because it's like looking for gold," Song said. “Anyone with a shovel can dig and find gold, just like anyone with a computer can find proof of work.”

Every 10 minutes, a new block of information containing recent transactions needs to be updated on Bitcoin’s blockchain. The validity of these blocks is verified through a process called proof of work, in which "miners" (i.e. people with computing hardware) compete to calculate encryption keys - basically a very complex mathematical problem. The first miner to solve the key updates the information on the blockchain and is rewarded with a certain number of Bitcoins. The puzzles vary in difficulty to ensure they can be solved in approximately 10 minutes.

Currently, successful miners are rewarded 6.25 Bitcoins for each verified block, although this amount is halved every four years. Bitcoin’s last halving was in May 2020, and all 21 million Bitcoins will be mined by 2140.

In the early days of Bitcoin (late 2000s, early 2010s), anyone with a computer could mine Bitcoin and achieve a certain level of success. However, as Bitcoin and Bitcoin mining become more popular, so does competition.

The miner with the highest computing power (called hash rate) is most likely to solve the puzzle and receive the reward. Computers have become more powerful and more energy-hungry. They have also become more specialized; a new class of computers called application-specific integrated circuit (ASIC) miners were developed specifically to solve proof-of-work puzzles.

Part of Bitcoin’s value comes from this mining process—the energy, time, and cost of operating these mining rigs. Another major component of Bitcoin's price is its market sentiment, which often comes down to "hype." This can backfire if something happens that breaks trust.

Beyond these technical details, one of Bitcoin’s main appeals — and one of the reasons it has attracted so much hype in recent years — is that it is a form of private currency that does not require the involvement of a central bank or government. This means that large amounts of money can be moved around the world instantly.

The above content is the currency circle editor’s detailed answer to the question of how many yuan a Bitcoin is worth in 2023. Bitcoin is used to transfer funds from one party to another without the need for middlemen such as banks. Because the technology is open source and fully decentralized, it is not influenced by external sources, such as government currency circulation, which typically controls fiscal policy and fiat. In the early days of Bitcoin, it was used for trial purchases and payments, then it became more common in online marketplaces and in international contracts and import and export businesses. It was also around this time that traders first started speculating in Bitcoin, experiencing more than their fair share of price ups and downs.