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#841465 - 4th Dec 2013 8:33pm Bitcoins...
TheComputerLab Online   embarrased
Forum Addict

Registered: 18th May 2011
Posts: 1223
Loc: Wallasey
Have you got any? Or any other crypto currency?

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#841499 - 4th Dec 2013 11:30pm Re: Bitcoins... [Re: TheComputerLab]
rainman Offline
Enthusiast

Registered: 27th Jun 2013
Posts: 111
Loc: Wirral
i started to mine bitcoins but it was a slow process as i didnt have the best graphics card for the job.

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#841502 - 4th Dec 2013 11:45pm Re: Bitcoins... [Re: TheComputerLab]
_Ste_ Offline


Wiki Master

Registered: 7th Aug 2005
Posts: 15986
Loc: New Brighton
Why do you need a good graphics card?
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http://www.youtube.com/user/stetopop

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#841503 - 4th Dec 2013 11:47pm Re: Bitcoins... [Re: TheComputerLab]
_Ste_ Offline


Wiki Master

Registered: 7th Aug 2005
Posts: 15986
Loc: New Brighton
Since this article the web and bitcoins has gone viral, i never heard of bitcoins until i seen this....

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http://www.youtube.com/user/stetopop

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#841504 - 4th Dec 2013 11:48pm Re: Bitcoins... [Re: _Ste_]
ZipperClub Offline
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Registered: 2nd Dec 2012
Posts: 7253
Loc: Our House In Our Road
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One Way Or Another

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#841506 - 4th Dec 2013 11:51pm Re: Bitcoins... [Re: TheComputerLab]
_Ste_ Offline


Wiki Master

Registered: 7th Aug 2005
Posts: 15986
Loc: New Brighton
Cheers zipper happy
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#841508 - 4th Dec 2013 11:51pm Re: Bitcoins... [Re: TheComputerLab]
rainman Offline
Enthusiast

Registered: 27th Jun 2013
Posts: 111
Loc: Wirral
Quote:
Why do you need a good graphics card?

the generation software uses the GPU from your graphics card which is alot fater than Pure CPU power , there is software that uses the CPU power but alot slower ..

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#841518 - 5th Dec 2013 12:48am Re: Bitcoins... [Re: TheComputerLab]
granny Offline

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Registered: 29th Jun 2011
Posts: 13845
Loc: Wirral
Over the last few weeks there have been a number of programmes on the radio which have covered the subject of 'bitcoins'.
I was really interested in them and how it was explained seemed easy enough to follow until the final paragraph, in which warnings were given. Still don't know much about them, as retaining the information is becoming more difficult, laugh but I reckon they are worth a go , so long as nobody puts their life on the line and they
can undersrand the process to get there.
They might be getting out of reach now for many.
_________________________
...and those who were seen dancing were thought to be insane by those who could not hear the music.FN

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#841592 - 5th Dec 2013 2:18pm Re: Bitcoins... [Re: TheComputerLab]
rainman Offline
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Registered: 27th Jun 2013
Posts: 111
Loc: Wirral
2 months ago the value of a bitcoin was around £60.00 ..last night i checked and saw each bitcoin was now worth £705.00 ... with that in mind remember they can also drop in value as quickly as they increase

currently i see 1 BTC = £609.07370 GBP

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#841761 - 5th Dec 2013 10:01pm Re: Bitcoins... [Re: TheComputerLab]
TheComputerLab Online   embarrased
Forum Addict

Registered: 18th May 2011
Posts: 1223
Loc: Wallasey
This is simply stock market stuff these days. I bought 2 12 months ago for £20. Used 1 straight away and kept the other,

Current value is over 1000 dollars happy days!

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#842038 - 7th Dec 2013 12:17am Re: Bitcoins... [Re: TheComputerLab]
Gloom Offline
Beginner

Registered: 12th Apr 2013
Posts: 6
Loc: Wirral
Don't bother unless you are going to invest thousands in ASICs. If you don't know what they are stick to buying and selling bitcoins directly and don't bother attempting to mine them. The money will be in buying a few thousands of pounds worth now and waiting a few years to see what happens. Risky investment that will probably pay off for those who can afford it / have the kit to mine.

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#842354 - 8th Dec 2013 10:42pm Re: Bitcoins... [Re: TheComputerLab]
DavidB Offline
Wiki Guide

Registered: 7th Dec 2003
Posts: 5595
Loc: Bebington, Wirral
Still have no idea what they are.
_________________________
"C20 LET bang"

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#842386 - 9th Dec 2013 9:04am Re: Bitcoins... [Re: Gloom]
Jk_87 Offline
Beginner

Registered: 9th Dec 2013
Posts: 4
Loc: newbo
Originally Posted By: Gloom
Don't bother unless you are going to invest thousands in ASICs. If you don't know what they are stick to buying and selling bitcoins directly and don't bother attempting to mine them. The money will be in buying a few thousands of pounds worth now and waiting a few years to see what happens. Risky investment that will probably pay off for those who can afford it / have the kit to mine.


spot on. get on to lite coins!

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#844409 - 18th Dec 2013 4:10pm Re: Bitcoins... [Re: TheComputerLab]
Mark Offline


Wiki Master

Registered: 9th Nov 2003
Posts: 21011
Loc: Wirral
o Dear Bitcoin sinks after China restricts yuan exchanges

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My Avatar images are all from the Wirral Gallery.Click Me
Wow Wirral History is coming along Great! Wirral History

we get +200 new members a month now smile

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#844451 - 18th Dec 2013 5:39pm Re: Bitcoins... [Re: Mark]
venice Offline

Forum Master

Registered: 21st Jul 2011
Posts: 2556
Loc: Wirral
Did you dabble? Some of the people in at the start must have made some serious money - Serious money lost now though for those not out in time. I find the whole thing a weird concept.Is it just basically another Ponzi scheme?

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