I didn't try it yet. I've been mining for about 7 hours now and the temp seems to be steady at 70C, at a 63% fan rate. A little too loud though!
afterburner?
So let's say I generate enough Bitcoins to be worth $1000 USD. How do I sell them and how hard is it to sell them? Who would buy Bitcoins with real money?
It just seems odd that people would actually be buying these with real money. You would think the only people accumulating them are the geeks that are mining them.
Any proof that people are actually paying for these things?
Another thing I thought of is the guy that created this monster. How do we know he's not holding onto 10 million Bitcoins?
It just seems odd that people would actually be buying these with real money. You would think the only people accumulating them are the geeks that are mining them.
Any proof that people are actually paying for these things?
Another thing I thought of is the guy that created this monster. How do we know he's not holding onto 10 million Bitcoins?
It just seems odd that people would actually be buying these with real money. You would think the only people accumulating them are the geeks that are mining them.
Any proof that people are actually paying for these things?
Another thing I thought of is the guy that created this monster. How do we know he's not holding onto 10 million Bitcoins?
As mentioned earlier in this thread certain commerce is spurring some use of this currency. But look at the details, if you want to cash in your bitcoins. You can't actually can't do that, someone has to buy them from you at xx price.
Actual bitcoin mining , I'd be curious to know more details what corporations are actually backing payment in to the bitcoin repository. Who is gaining from the data processing being farmed out ?
People currently profiting from bitcoin mining does not mean its any more legitimate than any other pyramid scheme, is my point.
Do Newegg, Amazon, and Walmart accept this as currency?
I don't understand why you don't leverage your savings to bitcoins right now, and reap the benefits of this skyrocketing, free monies for you !Not yet, but it's only a matter of time. This thing is just now taking off. Hell this is a forum for somewhat savvy computer users, and none of you even understand what's going on. People are figuring it out though, just in the last month their value has skyrocketed.
Barring a way to exploit the system, which seems rather impossible at this point, this thing isn't going anywhere, and could very well become a legitimate reserve currency.
what i don't understand about this is whats backing this currency?What gives it any value?
what gives the American dollar any value? Peoples belief that it is worth something.
what gives the American dollar any value? Peoples belief that it is worth something.
it's backed by gold and silver.I'm asking a serious question,where does the value come from?
The US dollar has not been backed by any precious metals for quite sometime.
Value in a currency comes from the collective belief that is has value. For example, we all are pretty much 100% sure that we can wake up tomorrow and use our dollars to buy a certain amount of goods. It is this combined belief that makes money have value.
so why is counterfeiting illegal?If moneys not worth the paper it's printed on,why can't i print my own?
it's backed by gold and silver.I'm asking a serious question,where does the value come from?
Well, what gives gold and silver value?