You"mine" by running your GPU and solving hashs. Which are the security of the currency.
The has been a fixed amount of biycoins produced. They are metered out by this mining.
it will take about 1-3 years to mine 50 bitcoins.
Some smart and paranoid guys on there trying to figure out how much power the NSA and CIA and SAS have if they start mining. Since you cannot track the transactions that can pay for some black book projects or......
reply to skrud So if I set up a server farm mining these bus tokens I don't have to work anymore?
This is about as serious a proposition as using game money from Second Life to pay my bills.
I'm not too worried that the IMF is going to switch over to these anytime soon
On the other hand, a unified global currency may well become reality in the next decade or two if America doesn't address its debt crisis and the dollar finally tanks. Should that come to pass we'll all be paying our bills with Ameros or Credits or Unibux or some other science fiction currency worth 10 cents on the dollar if we're lucky
On the other hand, a unified global currency may well become reality in the next decade or two if America doesn't address its debt crisis and the dollar finally tanks. Should that come to pass we'll all be paying our bills with Ameros or Credits or Unibux or some other science fiction currency worth 10 cents on the dollar if we're lucky
reply to Soho97UK I've been bitcoin mining for just under 2 months and have made over 200 BTC. Sold them at »coincard.ndrix.com for PaypalUSD then transferred to my bank account.
Profit = $159.20 USD (minus electricity, but that would have gone to SETI anyway)
plenty of tinfoil hat wearing morons that would pay for this nonsense -- "and no matter how drunk you get .. don't lick the wall socket to test polarity..."
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