How To Mine Bitcoins


TechCrunch

Mining bitcoins – a process that helps manage bitcoin transactions as well as create new “wealth” – is the new Beanie Babies. Luckily for us, however, bitcoins seem to be going up in value and should maintain their value over time, unlike your mint condition Tiny the stuffed Chihuahua.

But how do you get bitcoins? You can begin by buying them outright, but the market is currently wild. At $188 per coin, the direction of the bitcoin is anyone’s guess right now and, unlike equities, these things don’t split. In short, you should probably mine. But what is bitcoin mining?

Think of it as work done by groups of people to find large prime numbers or trying keys to decrypt a file. You can read a lot more about it here but just understand that for every block mined you get 25 coins or, at current rates, $4,722.25. Currently a…

View original post 1,177 more words

Advertisements

Bitching, Ranting and just plain old Truculence? Leave your shade here.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Dangerous Lee

Writer, Author, Pro Black women and girls, Digital Marketing Specialist.

9to5Toys

New Gear, reviews and deals

Creative Writing Contests

information about creative writing contests, poetry contests, literary magazine theme issues, writing residencies, grants, fellowships etc. Now accepting creative writing contests news and announcements!

Shouts from the Abyss

The Guru of Negativity - a demotivational specialist

SUSDA

Seattle University Student Development Association

The Male Celebrity

When A Man Doesn't Have To Try Too Hard...

Food.Fashion.Fitness.Movies. & Beauty.

a little bit of everything to start your day.

shoutinghorse

Sites and Sounds

Elias Cresh

Find Out Today Your Opinion Tomorrow

The Music of the World Is Never Dead

John Ellison's Mighty Music Blog: New music reviews, live reviews, and concert photos

Practical Praise

The Practical Aspects of Spiritual Worship

onemcdonaldroad

This is my art blog. My music blog is at twomcdonaldroad.com.

The Guitar Fool

The information/propaganda arm of Mutt Amps

The Street Preacher

Speaking to the Perverted

Strumming Six Guitar Blog

Just Strumming My Favorite Songs

%d bloggers like this: