A new video has just been released:
Screw Banks!
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A new video has just been released:
Screw Banks!
New Hampshire Deputy Secretary of State recognizes bitcoin as legal
https://bitcointalk.org/index.php?topic=104544.0
from BITCOIN MAGAZINE, bitcoin for beginners....
http://jesse2012.com/bitcoin4b.jpg
Any other suitors besides stoneFree mining bitcoins? I have been for over a year now. I pre-ordered a few ASIC rigs from Butterfly Labs, waiting on delivery. There will be an interesting shift in the dynamics of bitcoin mining when the ASIC mining machines come online. Definately a disruptive technology.
I've never used bitcoin but been reading the links which stoneFree and others have been providing.
I can't figure out what a bit coin is.
I gather that it exists in cyberspace, so it must be made from electrons somehow, and it is mined.
But how is "it" mined?
Who mines it, where and how?
What kind of equipment does the miner use and where are the mines?
Once it's mined, how is it placed in circulation?
fishnet! a whole year? I never knew. I have a (FPGA -field programmable gate array) BFL Single right here mining away at 826MH/s (lousy cellphone pic). I removed the casing for better cooling:
Attachment 958
It performs as advertised. I too have BFL ASIC on pre-order, hope they can deliver as projected. Yes, ASIC (application-specific integrated circuit) will be huge, very disruptive. BFL (ButterflyLabs) is a very interesting company. I see at least one of the owners/principals came up against the IRS CID and was detained for something like 2 years overseas before trial. You see this is another unintended consequence. It appears the banking cartel has created ... how shall we say ... another very motivated individual who's probably figured out the fiat money fraud and is working very hard (as I am) for .... Well let's just leave it at that. Message to the cartel: YA DUN GOT TOO GREEDY!
I could not resist the opportunity to manufacture a medium of exchange like the cartel does.
I have been mining since June of 2011, running a bank (pun intended) of multi-card mining machines with Radeon HD 5770's graphics cards, using the Eligius pool and MtGox. Once the ASICs arrive I will shut down the 5770's. Ordered three BitForce Single 'SC' 60 GH/s in early August..... a waiting game for delivery.
Too cryptic, I need elaboration please.
Do processor cycles have anything to do with computer CPI?
Is the value of a bitcoin derived from the work that a computer performs?
If so, what kind of work is performed and who benefits?
What IS a bitcoin? Is it a data packet or potential energy?