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I'm a little confused on how mining works. So I use my processor to un code algorithims and with each block I or my pool solves I get bitcoins or a percentage of a bitcoin. Am I correct on that?

 

So if a bitcoin is currently worth $226 USD how can I transfer this money to hard cash? Is that not an option?

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I'm a little confused on how mining works. So I use my processor to un code algorithims and with each block I or my pool solves I get bitcoins or a percentage of a bitcoin. Am I correct on that?

 

So if a bitcoin is currently worth $226 USD how can I transfer this money to hard cash? Is that not an option?

bitcoin mining is pretty much....whats the word....not worth it at all.

askdjfasdf

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bitcoin mining is pretty much....whats the word....not worth it at all.

this

 

unless you have shittons of money and buy asics...

Want a good game to play?  Check out Shadowrun: http://store.steampowered.com/app/300550/ (runs on literally any hardware)

 

another 12 core / 24 thread senpai...     (/. _ .)/     \(. _ .\)

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And what about the other cryptocurrencies? 

Let me tell ask you this: how much would you pay for 1 luplyin?

 

Think of it for a second...

 

"Luplyin" is a monetary currency that I invented, whose method of obtainment is by giving me an answer to a mathematical problem. Whatever was the number you said earlier, that's how much a luplyin is worth, seeing as you would be the only one willing to buy it.

 

 

 

 

 

This stupid post was just a summary on pretty much any cryptocurrency. Don't mine them. Imagine a guy called "stock (money) value" riding a rollercoaster: another summary on bitcoin.

Want to help researchers improve the lives on millions of people with just your computer? Then join World Community Grid distributed computing, and start helping the world to solve it's most difficult problems!

 

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