Go Back   Web User Forums > All Other Technical Help Topics > All other topics

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 20-12-17, 23:37
Mugsy0151's Avatar
Mugsy0151 Mugsy0151 is offline
Enthusiastic contributor
 
Join Date: Nov 2007
Location: The Great Gig in the Sky
Posts: 812
Default Mining bit coin

Trying to get my head around this.

Articles I read infer they find, or mine bit coin by solving complex equations.

How?

It doesn't exist. Does it?

They make it sound like metal detecting.

Is it produced out of thin air?

Is there a finite supply?

Cryptocurrency experts are forecasting the biggest bubble pop ever, but security experts come alleged murderer and all round oddball John McAfee predicts it's value rising to $2m.

Each transaction uses enough power to serve a family home for a week. In whole it consumes more power than the lowest 140 power using countries, and is predicted to use more power than the whole world in 2020. The biggest single cause of global warming??

Anyways, I digress. Somebody please explain the production of bit coin to me!

Cheers, Mugsy
__________________
There is no Dark Side of the Main Stand.....

As a Matter of Fact, it's all Dark.....
Reply With Quote
  #2  
Old 21-12-17, 01:53
Madeline's Avatar
Madeline Madeline is offline
Top contributor
 
Join Date: Jan 2004
Location: Cymru
Posts: 47,135
Default Re: Mining bit coin

Below are links to a couple of threads you may find useful Mugsy:

Block Cryptocurrency Mining - Web User Forums

Persistent drive-by cryptomining coming to a browser near you - Web User Forums
__________________
"I'm Irish. We think sideways." Spike Milligan. 1918 - 2002
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



Search the forum

Search

© Dennis Publishing Limited Licensed by Felden





All times are GMT. The time now is 01:00.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Copyright Dennis Publishing 2010, All rights reserved