11-07-2011, 12:58 AM
I have not looked at the math that it take to generate a bitcoin, but from what I can understand in the couple hour I was poking around on this subject today, this is what I have.
A bitcoin is a medium of trade that has intrinsic value to anyone that is willing to accept it as payment. I'm watching several bitcoin ebay auctions and it appears one bitcoin is worth about $20.
All you need is a wallet that has a unique address- looks like mine is 34 alphanumeric characters long. I guess most ppl don't generate(they call it mining) bitcoins they just trade them or buy them. '
If you choose to mine them, I have read you can make the equivalent of $700 a month with the right gpu just running your computer.
Gpus are better for this sort of thing as I am sure most of you have read about gpu password cracking etc. because a cpu is too general purpose and concerned with administrative things such as privileges associated with kernel modes and the like. Where a gpu is packed with a buttload of ALUs. It's simple math that mine bitcoins but you need a lot of it.
A decent hash rate with a gpu 300 million hashes a second. I have 4 computers mining on CPUs and I am getting a pathetic 4.77 million a second.
If I don't lose interest and it seems to be lucrative I may delve deeper in the future.
A bitcoin is a medium of trade that has intrinsic value to anyone that is willing to accept it as payment. I'm watching several bitcoin ebay auctions and it appears one bitcoin is worth about $20.
All you need is a wallet that has a unique address- looks like mine is 34 alphanumeric characters long. I guess most ppl don't generate(they call it mining) bitcoins they just trade them or buy them. '
If you choose to mine them, I have read you can make the equivalent of $700 a month with the right gpu just running your computer.
Gpus are better for this sort of thing as I am sure most of you have read about gpu password cracking etc. because a cpu is too general purpose and concerned with administrative things such as privileges associated with kernel modes and the like. Where a gpu is packed with a buttload of ALUs. It's simple math that mine bitcoins but you need a lot of it.
A decent hash rate with a gpu 300 million hashes a second. I have 4 computers mining on CPUs and I am getting a pathetic 4.77 million a second.
If I don't lose interest and it seems to be lucrative I may delve deeper in the future.
Having long hair is great until you have to pull a footlong out of the dog's butt. flatank.blogspot.com
I. AM. LATCH.
I. AM. LATCH.