Its a new FIAT currency that's completely digital and decentralized (there is no one entity controlling the money like the federal reserve does for USD).
You generate coins by having video cards do complex calculations that essentially verify the hash of other bitcoin transactions, which verifies and secures the bitcoin network.
There is a cap to the number of bitcoins that can be generated (21 million), and the difficult is changed depending on ... some factor.
Yes, but they'd need a way to get the file from your computer. I would personally use an ewallet, they store your wallet for you and it's a little more secure than having your wallet on a windows computer. Anyone can steal your credit card too you know :p
It's really the same risk, just use smart methods to protect it.
I believe that bitcoins are going to change the world. I recommend that everyone read up about them. If you are interested in buying/selling bitcoins, I personally use and recommend TradeHill - they have lower fees than the main exchange (mtgox), and their website seems more professional IMHO.
Also, I have a code that will get you 10% off trading fees there for life: TH-R1168
I'm sure with that many GPU's he's alredy determined the Mhash/KWH, and depending on when he got in, he could actually very well have made a lot of money (they once sold for $25 USD and were WAY WAY WAY easier to generate)
Hey why not start your own digital currency like bitdollars ilo running after bitcoin. Create your own currency and give bitcoin some competition. competition is the lifeblood of capitalsmn so goon with it.
so your wasting ressources to solve pointless tasks to have a higher chance of getting a fix amount of coins? actually i thought, bitcoin was a good idea
are those gigabyte 5870? and what clocks are you running I cant get my mem below 800 without stability issues even after flashing bios. Currently I run mine at 990 core 800 mem
I don't even understand how mining bitcoins works?
spy4561 3 months ago
I dont get any of this >.<
WheelsGames 7 months ago
@WheelsGames
Its a new FIAT currency that's completely digital and decentralized (there is no one entity controlling the money like the federal reserve does for USD).
You generate coins by having video cards do complex calculations that essentially verify the hash of other bitcoin transactions, which verifies and secures the bitcoin network.
There is a cap to the number of bitcoins that can be generated (21 million), and the difficult is changed depending on ... some factor.
mdma4life 6 months ago
ANYONE CAN STEAL YOUR BITCOIN WALLET!
RoboticusMusic 7 months ago
@RoboticusMusic
Yes, but they'd need a way to get the file from your computer. I would personally use an ewallet, they store your wallet for you and it's a little more secure than having your wallet on a windows computer. Anyone can steal your credit card too you know :p
It's really the same risk, just use smart methods to protect it.
dragos240alt 7 months ago
I believe that bitcoins are going to change the world. I recommend that everyone read up about them. If you are interested in buying/selling bitcoins, I personally use and recommend TradeHill - they have lower fees than the main exchange (mtgox), and their website seems more professional IMHO.
Also, I have a code that will get you 10% off trading fees there for life: TH-R1168
Enjoy!
datubeminster 7 months ago
This has been flagged as spam show
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brandile30 8 months ago
why do you have a box of matches inside your rig?
stoyandavitch 8 months ago
This has been flagged as spam show
1Nz5C5giEot3c4f5wZ8Me36JxxkHvQ J7C5 Please donate coins ^^
gorillazproductions 8 months ago
The electricity bill is higher than the Bitcoins he actually earns.
OpticalFascism 8 months ago
@OpticalFascism
I'm sure with that many GPU's he's alredy determined the Mhash/KWH, and depending on when he got in, he could actually very well have made a lot of money (they once sold for $25 USD and were WAY WAY WAY easier to generate)
mdma4life 6 months ago
lol. that shit looks like something from back to the Future
murraysdaddy 9 months ago 2
Hey why not start your own digital currency like bitdollars ilo running after bitcoin. Create your own currency and give bitcoin some competition. competition is the lifeblood of capitalsmn so goon with it.
chrzim7 9 months ago
how does crossfire work out for you? thought this only makes it slower
stellan0r 9 months ago
so your wasting ressources to solve pointless tasks to have a higher chance of getting a fix amount of coins? actually i thought, bitcoin was a good idea
GrimReaper1305 9 months ago
with this system how $ u can make per month?
and how much that i can get with 2 5870s now, any tips?
thank you!
hieu5189 9 months ago
Get watercooling. The Sound Of fans K's terrible
MrWonnabee 10 months ago
@MrWonnabee low cost effectiveness unfortunately, if you're willing to put up with the sound air is the way to go
eyeonthewinner 9 months ago
are those gigabyte 5870? and what clocks are you running I cant get my mem below 800 without stability issues even after flashing bios. Currently I run mine at 990 core 800 mem
jtakata808 10 months ago
@jtakata808 Yes it is. right now i run all the 5870 on 600, it works verry well, some problem, but it works great.
Hinkbucket 10 months ago
what video cards are you using to mine with?
nlucctw2 10 months ago
@nlucctw2 its 5870
Hinkbucket 10 months ago