this is some complicated shit but interesting.im gettin a bitcoin wallet set up here to try and figure it out lol

nice kev, i downloaded the client and instaled it but hvnt got any further yet, i found this, looks like a site were u can spend ur bitcoins at amazon for a low fee http://spendbitcoins.com/

seems like a nice way to make money if u can get in early.wont let me set up or join a mining pool for some reason tho

seems very complicated to actually mine for bitcons yourself and as it seems also that the faster the computer the faster that you can mine which rules me and my shitty laptop out lol.

+1 , from what ive been reading u need a high end gaming pc to mine effecitvly

but the bitcoin vs the $ has been increasing rapidy recently, can any1 post a chart ?

http://bitcoincharts.com/markets/

Originally posted by Koryn

http://bitcoincharts.com/markets/

Way too confusing to figure that out while slobbing on sofa with ipad... but am I reading correctly that 1 bit coin is about £5?

Got a good PC, just too far from the router for fast enough speeds perhaps. still may have to give this a go lol

Last edited by sp3k 15 years ago

Basically it's a virtual currency. The currency is stored in a virtual wallet. If you lose the file the money is taken from the system.

Its pretty stupid in my opinion. Look it up on youtube, people have some hardcore computer systems just to mine for the bitcoin. Thus paying more for electricity than they'll ever make on using this bitcoin.

Bitcoins DO have value. Don't look at them and compare them to dollars or euros, compare them to gold. Gold has a monetary value only because it's useful (and shiny), so the same should apply to bitcoins, no?