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The Langers Forum
Bitcoin mining and crypto currencies
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<blockquote data-quote="Afro_Samurai" data-source="post: 5231288" data-attributes="member: 29651"><p>Okay, okay, okay. Wait. The bitcoin company sells you these 'blocks' of data that have bitcoins (digital codes) hidden in them. But there will only ever be a finite amount of bitcoins (they'll all be discovered eventually). </p><p></p><p>So, the faster computer/banks of computers you have, the more bitcoins you'll have. Buying the opportunity to mine them now, for whatever they cost, gives you a bigger share of the overall number of bitcoins...</p><p></p><p>They're propagating the currency. Tbh, it sounds well dodgy. How much is a block?</p></blockquote><p></p>
[QUOTE="Afro_Samurai, post: 5231288, member: 29651"] Okay, okay, okay. Wait. The bitcoin company sells you these 'blocks' of data that have bitcoins (digital codes) hidden in them. But there will only ever be a finite amount of bitcoins (they'll all be discovered eventually). So, the faster computer/banks of computers you have, the more bitcoins you'll have. Buying the opportunity to mine them now, for whatever they cost, gives you a bigger share of the overall number of bitcoins... They're propagating the currency. Tbh, it sounds well dodgy. How much is a block? [/QUOTE]
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