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Ok I understand. PayPal doesnt seem to work well with bitcoin so what is your opinion on the most effective way to send cash to receive bitcoins, or vice versa? western union? dwolla?
I've found Dwolla + BitInstant to be pretty easy with respect to buying bitcoins with Dollars. You just need to transfer money from your bank account to Dwolla first (3-5 business days), then place an order on BitInstant and pay with your Dwolla balance. Dwolla is a way to send and receive money to/from anyone else with a Dwolla account. It's like PayPal, but doesn't let you draw money from credit cards. MtGox is a bitcoin exchange, which lets you buy bitcoins in exchange for other currencies. BitInstant is an easy way to buy bitcoins in exchange for Dwolla, cash deposit, or one of a few other payment methods. It doesn't require registration or an account which makes it more favorable over MtGox to some people. That seems very complicated. Soooo many middle men. With Paypal all you need is a credit card and bitcoins. |
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. . . what is your opinion on the most effective way to send cash to receive bitcoins, or vice versa?. . .
That depends on where you live. Localbitcoins.com and BitInstant can both be pretty good options, but in some geographical areas they may not be useful at all. but this site lets you buy and sell bitcoins. You still have get the money to the person. You would need western union for that right? sorry i have never used anything other then paypal.  |
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Ok I understand. PayPal doesnt seem to work well with bitcoin so what is your opinion on the most effective way to send cash to receive bitcoins, or vice versa? western union? dwolla?
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Can someone give me the rundown on the difference between these sites?
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Why to i have to use western union to buy bitcoins. why cant I just use paypal.
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oh ok. I just learned about pools a day ago. I was on this site https://www.bitcoinpool.com/it was the CURRENT ROUND INFORMATION that made me think this. |
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I know that most pools have certain payout periods like every 7 days but I went to https://mining.bitcoin.cz and I saw a (Send threshold: Coins will be sent once the reward crosses over the threshold) I think that's pretty unique. so as soon as you reach say 1.0 bitcoins they automatically send it to your Bitcoin address you typed in. why aren't all pools like this? |
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So once my pool has allocated funds, how do I get it into my wallet?
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USB port!!! wow thats super easy! I see a bright future for botcoins now.
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is it a chip that I can buy? like will it fit into my GPU outlet?
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on January 10 I am about to purchase a very powerful computer(will use for programs other then bitcoin) so I am confident in my ability to mine the damn things. I will be using 3 powerful graphics cards.
You might wanna delay that buy. If the ASIC's indeed come out in the middle of January, GPU mining will be dead a few days later. well Ill definitely buy 2 cause of hard core gaming, but I was going to buy the 3rd because of bitcoin. Why not? what is ASIC? and why will mining be dead??? |
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how do I know how much a bitcoin share is worth?
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o ok I see. so the pool itself does payouts. the pool uses guiminer to mine bitcoins for the group, and I have to wait till the groups pool pays them. thats simple enough.
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u mean see how many bitcoins each share is worth?
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It says I have a good amount of shares(they tell me on the bottom right side of the screen) but I don't know how much each share is worth, furthermore I have no Idea how to transfer the shares into cold hard bitcoins. on January 10 I am about to purchase a very powerful computer(will use for programs other then bitcoin) so I am confident in my ability to mine the damn things. I will be using 3 powerful graphics cards. Also i live at home with my folks so I don't have to make payments on my electricity. Please help!  |
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You cant, your too late. The bitcoin rush is over. Unless you want to invest in this volatile market, i suggest you find a new hobby.
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Can you please help me. My friend told me that you can go get bitcoins through a money card you buy at Walmart. so I loaded it up with $100 and now im stuck with this card with now way to use it. I have no idea how to use it to recive money from Mt. Gox. PLEASE HELP!!!
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ImportError: DLL load failed: The specified module could not be found.(GUIMinor)
it happens as soon as I hit start mining
HOW DO I FIX THIS!!!!
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