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1921  Bitcoin / Bitcoin Discussion / Re: How long to generate ONE bitcoin???? on: December 23, 2010, 09:42:45 PM
Well, my first post, yes, I'm a nooob at this.. but in 2 hours, I have received 0.1 btc.. oh boy.. so this is like, say apparently equal to the electricity consumed for generation? Lets see, an average psu at 450w - receives 1 unit (btc) every 2 years? We pay at least 1000 units a year for leccy.. perhaps I'm missing something here.. Banks rely on people having their money in their accounts, as Bitcoin relies on the cpu pwr of you and I..

My first test of how much I could generate was 1 coin every 2 years..

A weakness in your system means if I wanted to put the time in, I could generate around 1 coin PER DAY.

My 0.1 was generated in less than an hour.

Disclosure fee: 50.00 BTC - is that 2 expensive?

I have read a few post's regarding how btc may be worth 1000 dollars one day..

Haha..

For me it looks like this.. The US has a brain that has yet to catch up with the fact it's already dead, as the rest of the world buy's Gold or Silver.. Forgive me here, I'm not flaming the US, but their time is over, and the bigger they are, the harder they fall.. and if BITCOIN has NO isp prepared to accept bitcoin as paymnet for access, then when the monetary system fails in the next year or 2 (max), then so will bitcoin, for with no cash, isp's cut connections, and I cant see them accepting nothing for the very connection all these new digi-millionaires require.. they will want the cash, or the gold.

These my first thought's, but I am alway's open to change, as much as this editor needs one.. the window wont let me see whats being typed now, so I'll ask my questions in another post, in the hope of seeing what I'm writing.. IE8 bug, or 2 simple machine, who knows..

 




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