Thursday, June 30, 2011

BitCoins?

Anyone taken the plunge and started using bitcoins for anything? I have an account and other than the free .02 bitcoins I have yet to earn a single coin from letting the process run on my machine for several weeks. I am assuming that this has to do with the massive number of people that are not choosing to pay a transaction fee, (its optional, and set by default to 0).

The newest client doesn't even have the option to "generate coins" so I am wondering if they think that it is big enough that people will just be buying off the markets.  Either way they have been in the news quite a bit lately with hacking and the exchanges getting hit.

8 comments:

  1. im not sure about the bitcoins, keep us up to date!

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  2. I think I will pass on the bitcoin fad. The exchange issue bother me far too much to invest any real money in it.

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  3. To generate coins at this point you need an impressive rig with multiple video cards run special gpu mining software :/

    It's now too complex to expect any standard machine to mine for so long it's not worth it.

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  4. It's a great concept, but almost no one is currently accepting it an actual payment so I'll pass.

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  5. I just don't see what this is all about.

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  6. nice post! +follower

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  7. I haven't given it any thought.

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