Bitcoin

[x[method]]

Sup bitches!

Thought I would check in and see what everything thinks about this alt currency. Anyone holding it/ using it/ mining it?

[x[lonedub]]

huh?

[x[method]]

http://www.weusecoins.com/

[x[codered]]

I mined it for about 1 month make 2k$ and was able to return all the shit I bought when bitcoin bombed. :D

I had 3 pc's in crossfire and used my main pc which had/has a 6990. I never bought any shit from the underground area though. Just sold it on mt. gox.

[x[bodyshot]]

Wait? what???

How did you mine it? Is it out of business now? I am curious about all of this...

[x[sliver]]

It costs more in power then you get back now. It still exists and people still mine.

[x[sliver]]

example site http://mining.bitcoin.cz/

[x[sliver]]

exchange rates are here. https://mtgox.com/

[x[codered]]

Those are some of the higher exchange rates I've seen. looks like it's gone up a bit might be worth it. I havent' checked how much power cost for a bit though.

[x[lonedub]]

man, i still don't understand this. how do you get coins? what is the process? anyone care to spell it out for a simpleton?

[x[grendel]]

It's like finding prime numbers. Takes computing power.

[x[codered]]

http://blog.zorinaq.com/?e=66 simple explanation.

[x[method]]

man, i still don't understand this. how do you get coins? what is the process? anyone care to spell it out for a simpleton?

You just send your money to mtgox.com and buy on the exchange.

Or you can try your luck with coinbase.com, but there is so much demand nowadays that they are almost always sold out.

[x[method]]

It costs more in power then you get back now. It still exists and people still mine.

Mm negatory. It depends entirely on your rig. Mining is extremely profitable for those who are good at it and with the new chips (asics) arriving, its full on gold rush mode right now.

[x[method]]

Wait? what???

How did you mine it? Is it out of business now? I am curious about all of this...

Bitcoin isnt a business, its an open source project. There are businesses that use it however.

[x[bodyshot]]

So I was looking at getting started but need a good walk through... like which "wallet" to use etc, etc...

[x[method]]

So I was looking at getting started but need a good walk through... like which "wallet" to use etc, etc...

use blockchain.info with 2 factor authentication (like google authenticator on your phone). In fact, in every service you use bitcoin related, make sure you are using 2 factor auth.

Any other questions, just shoot.

[x[method]]

Solid article from the new yorker came out today about it. http://www.newyorker.com/online/blog...f-bitcoin.html

[x[bodyshot]]

Bitcoin Hacked?

http://www.cnbc.com/id/100615508

[x[method]]

Bitcoin Hacked?

http://www.cnbc.com/id/100615508

Fucking retarded mainstream media. No, bitcoin has not been hacked. Some of the main exchanges are getting hit by a continuous DDOS, which is causing them to lag, thats all (makes you wonder who would do such a thing....).