ABDUDIOUF
|
  |
| Joined: 25 Jun 2010 |
| Total Posts: 18732 |
|
|
| 29 Oct 2015 06:50 PM |
tf
"that is an equal trade but loss in value" - ixeph |
|
|
| Report Abuse |
|
|
Soulyss
|
  |
| Joined: 29 May 2008 |
| Total Posts: 2426 |
|
|
| 29 Oct 2015 06:51 PM |
| something that was once useful but now takes so much time to set up it is not worth doing |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 06:52 PM |
bitcoins are like virtual currency u can buy things with them and they have a pretty high value per each one but the value changes a lot kinda like rap
bitcoin mining is using programs to generate bitcoins to make free money
was once good but now it hard
http://www.roblox.com/coinman001-item?id=107453514 R$1714889 TX185987 |
|
|
| Report Abuse |
|
|
ABDUDIOUF
|
  |
| Joined: 25 Jun 2010 |
| Total Posts: 18732 |
|
|
| 29 Oct 2015 06:53 PM |
this is the part i dont understand what does math problems have to do with it and... if u win were does the bitcoins come from? outta thin air
"that is an equal trade but loss in value" - ixeph |
|
|
| Report Abuse |
|
|
isuzuchan
|
  |
| Joined: 25 Feb 2011 |
| Total Posts: 758 |
|
|
| 29 Oct 2015 06:54 PM |
it was a currency initially used by hackers
you procure bitcoins by "mining" or randomly brute forcing numbers until you strike rich (also known as hashing)
because of the influx of bandwagoners, it is no longer profitable as the power of the machine required to mine them is enormous.
the value is also prone to change because its not back by any physical world value.
worl worl |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 06:54 PM |
You let a server use your computer for processing.
You get bitcoins which are a virtual currency used to buy things irl, like ApplePay, almost.
Basically, renting your computing power.
creepcruncher, lord of eternal glory and fiddlesticks |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 06:55 PM |
also i think u can create more and more bitcoins cuz as the value of them goes up u need more to compensate so value isnt too high
kinda like stock splits
http://www.roblox.com/coinman001-item?id=107453514 R$1714889 TX185987 |
|
|
| Report Abuse |
|
|
ABDUDIOUF
|
  |
| Joined: 25 Jun 2010 |
| Total Posts: 18732 |
|
|
| 29 Oct 2015 06:56 PM |
None of you answered my question were do bitcoins come from like do u get emailed it orwhat
"that is an equal trade but loss in value" - ixeph |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 06:56 PM |
im pretty sure they just go to ur bitcoin acc if thats true idk
http://www.roblox.com/coinman001-item?id=107453514 R$1714889 TX185987 |
|
|
| Report Abuse |
|
|
tromba
|
  |
| Joined: 31 Aug 2012 |
| Total Posts: 12697 |
|
| |
|
isuzuchan
|
  |
| Joined: 25 Feb 2011 |
| Total Posts: 758 |
|
|
| 29 Oct 2015 06:57 PM |
they go into a virtual "wallet" a lot like online banking
worl worl |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 06:57 PM |
I believe you have a virtual 'wallet' on your bitcoin account.. Not sure about where the account is, though.
creepcruncher, lord of eternal glory and fiddlesticks |
|
|
| Report Abuse |
|
|
isuzuchan
|
  |
| Joined: 25 Feb 2011 |
| Total Posts: 758 |
|
|
| 29 Oct 2015 06:58 PM |
you register on the main bitcoin site then use a "pool" or "mining block" to hunt for coins
its basically a collection of users all putting their power towards finding coins, you have to split them but in the long ruin is more profitable than gambling on your own.
the pool is linked to the main site and transfers any bitcoin finds to your wallet
worl worl |
|
|
| Report Abuse |
|
|
ABDUDIOUF
|
  |
| Joined: 25 Jun 2010 |
| Total Posts: 18732 |
|
|
| 29 Oct 2015 06:59 PM |
and it takes months to get 1 bitcoin?
"that is an equal trade but loss in value" - ixeph |
|
|
| Report Abuse |
|
|
isuzuchan
|
  |
| Joined: 25 Feb 2011 |
| Total Posts: 758 |
|
|
| 29 Oct 2015 07:00 PM |
yes the average bitcoin mined is approximately .5 a month
worl worl |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 07:00 PM |
| Bitcoins value skyrocketed with the popularity of the thing known as silk road. |
|
|
| Report Abuse |
|
|
isuzuchan
|
  |
| Joined: 25 Feb 2011 |
| Total Posts: 758 |
|
|
| 29 Oct 2015 07:00 PM |
the current value of the bitcoin is $317
however your profit is greatly afflicted by your energy bill because the mining machine takes a butt ton of electricity
worl worl |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 07:01 PM |
right now a bitcoin is about 316 dollars so i mean its def not worth it mining for months
http://www.roblox.com/coinman001-item?id=107453514 R$1714889 TX185987 |
|
|
| Report Abuse |
|
|
isuzuchan
|
  |
| Joined: 25 Feb 2011 |
| Total Posts: 758 |
|
|
| 29 Oct 2015 07:01 PM |
average annual profit is ~1,200$ but a good machine will cost more than that
worl worl |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 07:02 PM |
idea: take over schools computer network to mine
http://www.roblox.com/coinman001-item?id=107453514 R$1714889 TX185987 |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 07:02 PM |
@coin
unable to, school disabled right-click bcus inspect element got out of hand
creepcruncher, lord of eternal glory and fiddlesticks |
|
|
| Report Abuse |
|
|
isuzuchan
|
  |
| Joined: 25 Feb 2011 |
| Total Posts: 758 |
|
|
| 29 Oct 2015 07:03 PM |
bitcoin is almost entirely graphics card dependent.
most school computers dont even have graphics cards.
worl worl |
|
|
| Report Abuse |
|
|
shredar
|
  |
| Joined: 26 Nov 2008 |
| Total Posts: 21344 |
|
|
| 29 Oct 2015 07:03 PM |
lol i mined in 2013
my comp wasn't strong enough to earn a good amount
Send a trade on 11k in items! |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 07:03 PM |
@creep
not for me
also theres other ways
http://www.roblox.com/coinman001-item?id=107453514 R$1714889 TX185987 |
|
|
| Report Abuse |
|
|
|
| 29 Oct 2015 07:04 PM |
pls, do share
creepcruncher, lord of eternal glory and fiddlesticks |
|
|
| Report Abuse |
|
|