Originally Posted by W1zzard
i looked at this for about 30 seconds and it seems to be a get rich quick scheme for the people running it.
how many US DOLLARS have you been paid doing anything with it ? and how much did you pay to generate that income?
Well with my rig, assuming a constant 250Mhash/s That's 1200 dollars every 6 months.
it will cost me about 400-500 dollars in electricy.
Other than that the cost is nothing as I already have equipment.
Only hiccup is there is only 21million bitcoins total in existance.
Originally Posted by Arctucas
As I understand it bitcoins are;
1) Money that really is not money.
2) Something that costs more to produce than is 'valued' at.
It sounds like something the US Government came up with.
You earn a profit with it assuming you do it smartly.
Also that's what ALL money is.
Wiz the premise behind this thing is that normal people are doing the exact same thing banks are doing.
Making money that doesn't exist. If they can do it so can we, just needs people to support it.
For example, items in wow, don't cost a thing right? no value at all. Yet people can sell them.
If something can get a value it becomes something WORTH something eh
We're essentially getting money for work, it's just not us doing the work it's something we own.
Like leasing out a digger etc.