What is Bitcoin?

[HK_Rage]

I've heard about it being some kind of virtual currency but I don't know too much about it.

[Eric1024]

Go ask this in the proper section of the forum.

 

http://linustechtips.com/main/forum/37-foldinghome-boinc-and-coin-mining/

 

Also there's a thread there that answers your question.

 

http://linustechtips.com/main/topic/10886-introduction-to-bitcoins/

 

Also there's a search bar...

[helping]

[obsidian1200]

Something that made some of us very rich ladies earlier this year ;) But in all seriousness, you pretty much hit the basic concept on the head. Bitcoin mining, on the other hand, is a bit more complicated in practice.

[CoolBeans]

A virtual currency

[Wferr]

A virtual currency

A crypto currency

[HK_Rage]

Ok, Bitcoin looks pretty awesome, maybe even revolutionary.

[Wferr]

Ok, Bitcoin looks pretty awesome, maybe even revolutionary.

They are nearly impossible to get nowdays though without Giant mining rigs (100Ghs)