sv4ol84a6v79a46ilby (OP)
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April 13, 2013, 05:32:59 AM |
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and is there somewhere I can track the values?
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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sv4ol84a6v79a46ilby (OP)
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April 13, 2013, 05:37:30 AM |
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Oh, then I suppose you don't make 1 bitcoin but then you instead make one very small part of a bitcoin then right? I suppose that's what pooling is all about? |
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sv4ol84a6v79a46ilby (OP)
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April 13, 2013, 05:43:54 AM |
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Oh, then I suppose you don't make 1 bitcoin but then you instead make one very small part of a bitcoin then right? I suppose that's what pooling is all about? Pooling has to do with mining. The miners get 25 BTC for finding a block to include transactions into the blockchain. I know this isn't good information, you should try doing research on google and the wiki at http://bitcoin.itLet me get this straight, miners get ($113 x 25=) $2825 - almost 3 thousand dollars [value of in bitcoins] for finding a block? Please elaborate. |
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sv4ol84a6v79a46ilby (OP)
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April 13, 2013, 05:48:43 AM |
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Oh, then I suppose you don't make 1 bitcoin but then you instead make one very small part of a bitcoin then right? I suppose that's what pooling is all about? Pooling has to do with mining. The miners get 25 BTC for finding a block to include transactions into the blockchain. I know this isn't good information, you should try doing research on google and the wiki at http://bitcoin.itLet me get this straight, miners get ($113 x 25=) $2825 - almost 3 thousand dollars [value of in bitcoins] for finding a block? Please elaborate. No they get 25 BTC, which the market has deemed ~$3000 currently. Please research more on your own, it would take me too long to write everything here, http://bitcoin.it is a great place to start. exactly what I said. So they get about $3000 worth of bitcoins. Seems like a lot. How long does it take to get that? |
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jwill213
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April 13, 2013, 05:49:20 AM |
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Yeah, but unless you have an enormous amount of mining hardware at your disposal, it'll take an incredibly long time for you to find a block solo-mining. Most people mine in pools to get a steady(ier) income.
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sv4ol84a6v79a46ilby (OP)
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April 13, 2013, 05:54:16 AM |
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Oh.. so these 25 I read about, it is the 25 bit coins gifted to whoever finds the block.
Which as a pool, the administrator of the pool gets all the money from blocks found, and pays each contributor to the pool a smaller amount for their portion of work. That makes sense.
I'm beginning to understand now.
and so those people with like 1500 bitcoins screenshot, is just ridiculous and clearly fake. Because otherwise they would have $170,000 worth of bitcoins.
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sv4ol84a6v79a46ilby (OP)
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April 13, 2013, 09:45:18 AM |
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at first glance i thought you were spamming but now i see those are two great links to bitcoin value charts. Thanks! |
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denizen
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April 13, 2013, 10:43:04 AM |
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(Dr. Evil) One MILLION USD.
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naphto
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April 13, 2013, 10:46:53 AM |
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You should not count in USD but in bitcoins.
One bitcoin was worth 220 euros (290 usd) 2 days ago. And in january it was worth 10 euros.
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Gabi
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If you want to walk on water, get out of the boat
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April 13, 2013, 10:49:11 AM |
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Oh.. so these 25 I read about, it is the 25 bit coins gifted to whoever finds the block.
Which as a pool, the administrator of the pool gets all the money from blocks found, and pays each contributor to the pool a smaller amount for their portion of work. That makes sense.
I'm beginning to understand now.
and so those people with like 1500 bitcoins screenshot, is just ridiculous and clearly fake. Because otherwise they would have $170,000 worth of bitcoins.
Hello, bitcoin is a billion dollar economy so there are a lot of people that have 1500 or more bitcoins. Especially since months ago the price was much much lower  |
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wayfarer
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April 13, 2013, 11:05:52 AM |
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This is a really neat little site http://www.listentobitcoin.com/It follows the blockchain and produces a chime each time a transaction is added as well as producing a bubble with the amount of the transaction in BTC with floats to the top of your screen. It's like windchimes for freedom. A couple transactions rolled by that were 13000 BTC and 29000BTC respectively... That was just before the recent correction. Those were millions of dollars changing hands. As I type this there are 3 bubbles showing >600BTC... |
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