So I'm trying to explain the process of mining Bitcoins to my friend, but unfortunately she's too lazy to research and watch the videos I've sent her on how mining actually works. She understands the idea of decentralized digital currency and all the pros that go along with it and how they're used in exchanges, but she doesn't understand the mining aspect of it. I don't mine that hard, so I'll admit I don't even know a LOT about it... but I can't seem to explain to her in general terms what mining Bitcoins is.
Can someone help me out and explain how to tell my friend what mining is?! BTW: She does understand the concept of blocks.
Just tell her mining is actually creating ton of code which is the raw material for Bitcoin.. |
|
|
|
How likely is it that the quick increase in network hash rate is related to the ASIC manufacturers getting their new hardware online while they mine before they send the hardware out?
It got to be china... |
|
|
|
|
You don't need a time travel, you can buy now and wait few years and sell...
|
|
|
|
What about your CPU % when only mining with multiples GPU (for Litecoin as an example)?
Is your computer also usable for daily uses (not games indeed!)?
Although CPU is idle but you still can't use your computer freely unless you stop 1 of your graphic card... |
|
|
|
Hello there,
I have been mining 42 for the past few days.
Earned some quick bucks.
Some quick facts about the crypto:
Name : 42
Total number of coins : 42
Algorithm : Scrypt
Exchange : Cryptsy
Market rate : coinmarketcap.com
Mining profitability : coinwarz.com
Developers: Hendo420 and Maco
Its impossible for anyone to mine a single round coin as per today's difficulty.
42's are in general counted only in decimals.
.00000001 of 42 = 1 Dent
As some newbie miner one can aim for few thousands of Dents.
I don't see mining 42 have better profitability.. |
|
|
|
|
seems like he is not paying... waited since 2 weeks ago...
|
|
|
|
|
DQhkKqhmDu82fyKxSUnHcXVJTpTuQDovZS
Wow Wow
|
|
|
|
|
DQhkKqhmDu82fyKxSUnHcXVJTpTuQDovZS
Wow Wow
|
|
|
|
cool... I am the last one  Edit: Seems weird, my signature is smaller compare to yours... Do you want me to increase the size? |
|
|
|
|
I would love to see some pic, I will buy if its legit...!!!
|
|
|
|
|
BTC price went up like mad too..... so hardware should be the same since thats how you get BTC!!!
|
|
|
|
May be a third cheaper - but you are stuck wioth the contract for 12 months - and we already know that the ROI for that doesn;t work out.
The reason why CEX,io is in more demand is because its easier to sell once you hit your roi threshhold.
nah, I believe its because of the ease of trading and to maintain.. |
|
|
|
|
Anybody have any news about the new chip that everyone is talking about?
|
|
|
|
|
They keep delaying, my icedrill stock worth pennies now..
|
|
|
|
What would the best way to do so be? I may be in the market for 60+ 7950's or 280 non x cards. I'd buy the inventory out of most stores, not to mention the rebate limitations. Not looking for opinions on practicality of such a thing or what I might make/loose, just looking for cards  Thanks for looking! Look at my name, I am your biggest nightmare  This, I am planing to buy ASIC instead once they are out |
|
|
|
Same boat here. Order 30ghs got 27ghs. Bfl fucked us all really good and hard.
Anyone got good idea on LS fix for this type if issue or common problem to check. Thanks.
did u try overclocking it? |
|
|
|
I want to sell my lot for a fair price, but what might that be nowadays? Obviously I won't get my investment back, but I see them for sale ranging anywhere from .06 to .15.
Try putting higher price first, people are buying them cause btc price rise pretty much .. |
|
|
|
Date & Time Status of Item Location
November 1, 2013 , 1:16 pm Customs Clearance UNITED KINGDOM
November 1, 2013 , 1:15 pm Customs Clearance UNITED KINGDOM
October 31, 2013 , 10:38 am Customs Clearance UNITED KINGDOM
October 31, 2013 , 10:37 am Processed Through Sort Facility UNITED KINGDOM
October 29, 2013 , 3:07 am Processed Through Sort Facility ISC CHICAGO IL (USPS)
October 29, 2013 , 2:19 am Arrived at Sort Facility ISC CHICAGO IL (USPS)
October 26, 2013 Electronic Shipping Info Received
October 25, 2013 Depart USPS Sort Facility KANSAS CITY, MO 64121
October 25, 2013 , 8:09 pm Processed through USPS Sort Facility KANSAS CITY, MO 64121
Still not arrived after 12 days - is this normal? It's been in UK customs for 6 days now.
Did you try calling up the custom? |
|
|
|
If I have 100 BTC, I will hold it until 10,000$ each and sell it ... |
|
|
|
|
Its easy, they just need to force microsoft to put in some kind of program that stop bitcoin wallet and miners...
|
|
|
|
|
Show Posts
