SRL Archive - NOTA

I have been lurking around the internet lately and i came across bitcoins, and i want to know more about them such as…

how much are they worth?

what are they really used for?

how long is the average time to create one bitcoin?

and add in anything else you know about bitcoins

http://en.wikipedia.org/wiki/Bitcoin
^ answers all of your questions.

A big bitcoin exchange site is https://mtgox.com/

They are currently worth $23.95 USD each.

Your computer decodes hashes to get bitcoins. Most hashes hold no value, but some do. When you decode one that does, you'll get 50 (soon to be 25) bitcoins.

It depends on your computer how long it takes you to mine a bitcoin.

[offtopic]
I should have invested $300 into bitcoins, when they were $2.50 USD each, like I had planned. If I did, I would have almost $3000. :o I only invested in 10 bitcoins. :(
[/offtopic]

Bubble is already bursting, so you are better off staying away from them.

From: Harry
Bubble is already bursting, so you are better off staying away from them.

He's simply asking for information, not opinions.

From: Flight
He's simply asking for information, not opinions.

Opinions are quite important. Nothing is black and white. On paper, things can seem a lot better than they actually are. "Oh, a bitcoin is worth over $20.00!? And I don't have to do anything to get them!? I'll put ALL my money into them!" and then he loses his money.

Not very helpful to just tell people to not have a voice, either, Flight. :/

I've never really understood bitcoins. Tootoot22 and Keith have been involved with them I think pretty actively for awhile. They're in #mixster pretty often on rizon. :)

From: Flight
He's simply asking for information, not opinions.

But that is information.

couple of senators are after it….
http://www.theregister.co.uk/2011/06/08/bitcoin_under_attack/

There are a lot of peculiarities in bitcoin and earning in such a way. But if you know good guides like removed, it will not be a problem for you to gett good profit over there. And it is very important.