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Thread: Welcome to the Bitcoin Forum!

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    Default Welcome to the Bitcoin Forum!

    Welcome to the latest addition of PureOverClock.com dedicated to the discussion on Bitcoin, a new digital currency.

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    whenyournex2me (06-03-2014)

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    Default Re: Welcome to the Bitcoin Forum!

    This is awesome!! Ive been wondering what BitCoins are and just started doing research on it! Thanks Dascrow!!

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    whenyournex2me (06-03-2014)

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    Default Re: Welcome to the Bitcoin Forum!

    Wow i been here on the forum a while and somehow completly never noticed you had a bitcoin/Litecoun section. I myself have been into Bitcoin for a while now and am running 4 miners equaling 6ghps at the moment. Very happy to have found this section of the forum and will share here more soon. Thanks PureOC being one of the few to have this type of section on your forum.

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    whenyournex2me (06-03-2014)

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    Default Re: Welcome to the Bitcoin Forum!

    I hope to learn more , Thanks

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    whenyournex2me (06-03-2014)

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    Default Re: Welcome to the Bitcoin Forum!

    I just discovered bitcoin as well, though I have heard of it the past two years. I am amazed as to the ideals and the fact that there is room to grow financially, and trade that for other currency. I am going to get a miner setup and have a lot of reading up to do....
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    Default Re: Welcome to the Bitcoin Forum!

    Quote Originally Posted by whenyournex2me View Post
    I just discovered bitcoin as well, though I have heard of it the past two years. I am amazed as to the ideals and the fact that there is room to grow financially, and trade that for other currency. I am going to get a miner setup and have a lot of reading up to do....

    Mining directly for BItcoin is not a good idea. You need to pick one of the other coins and sell/trade them on the exchange for BTC. Like Litecoin or one of the other many clones. Mining for Bitcoin is very very difficult and expensive to setup.
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    whenyournex2me (06-03-2014)

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    Default Re: Welcome to the Bitcoin Forum!

    I see that now, I thought I could maybe use a dual gpu setup and just let it run all month and possibly make one bitcoin (and variants) each month. the one concern I have is the information that is encrypted, that you are calculating. who's information is it, what is the information? My suspicion leads me to think it COULD be used for good or bad purposes. Could this information be small packets, maybe so small they would be undetectable, and be rather important information, gov information, secret information, information simply being circulated to keep it hidden from the gov etc. I know nothing about this stuff, and even though I get a lil buzz from reading out it, I dont think Ill be getting a 3 thousand dollar quad gpu miner dedicated for these operations.
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    Default Re: Welcome to the Bitcoin Forum!

    Quote Originally Posted by whenyournex2me View Post
    I see that now, I thought I could maybe use a dual gpu setup and just let it run all month and possibly make one bitcoin (and variants) each month. the one concern I have is the information that is encrypted, that you are calculating. who's information is it, what is the information? My suspicion leads me to think it COULD be used for good or bad purposes. Could this information be small packets, maybe so small they would be undetectable, and be rather important information, gov information, secret information, information simply being circulated to keep it hidden from the gov etc. I know nothing about this stuff, and even though I get a lil buzz from reading out it, I dont think Ill be getting a 3 thousand dollar quad gpu miner dedicated for these operations.


    You would need an ASIC rig to even compete with the heavy miners for Bitcoin. So move on to light coin. Based on your GPUs you can earn a few bucks a day up to a good amount per day. All about how much money you are will to pay to get started.

    you should really read up on exactly what Coin mining is. It is not "somebodies" data you are mining. It is an algorithm. Thats it. Think of it as a Rubix Cube on a massive scale. You need to solve the cube. There are many different ways to turn each section to come to a completed cube. But you have to try a lot of them before you finally find a right one. When you find a right one you are rewarded with coins. It gets harder and harder as you go as the difficultly level increases. This is to promote value over time.
    There is no good or bad on mining the block chain. It can only be used for one purpose. Mining. It cant be used to hack the government or anyone personal data. There is no data useful in the block chain.

    Go read up on litecoin mining. Almost all of the other clone coins follow the same directions as LTC.
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    Default Re: Welcome to the Bitcoin Forum!

    bitcoin will be upcoming diigtal currency used everywhere till 2025

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