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6/3/2013 5:45:08 AM
10
Sooo In theory if I change cash into bitcoins, then use the bitcoins to get MSP I can get a much better deal?
English
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In theory, yes, but Bitcoin does not have a set price like the USD, etc. The value changes every day. Anyways, personally I don't put my money into Bitcoin, then buy stuff using Bitcoin. I mine my Bitcoins (so I'm basically not losing anything, and only gaining) then I spend my Bitcoins on digital goods and when I get enough, I'll transfer them over to USD.
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Hmm sounds like a reasonable way to do it. Mining them, would it run ok as a background thing on my laptop or is that asking the sky to turn green? (It's pretty high spec)
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Check out the above list. Anyways, only mine Bitcoins if you have a [b]high-end AMD video[/b]. If it's not high-end, it'll take you months to make just a few dollars. And it MUST be AMD, because AMD cards have MUUUUCH better OpenCL support than Nvidia. Personally, I have a 7950 overclocked so I get 520 megahashes. So I make about $3.20 a day.
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What are you talking about 'mining' bitcoins? Is this now Minecraft? I thought you have to buy bitcoins. Unless i'm missing something.
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Bitcoins are generated by video cards solving very complex equations. So how mining works is that you download a miner, set it up and whatnot, then when you go to mine, it uses up all of your video card's resources (don't worry, you can still do everything just fine and use your computer) which solves those very complex equations, which in turns makes Bitcoins and processes/confirms/encrypts Bitcoin transactions.
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Is that legal? Because arn't you supposed to buy them?
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100% legal. This is how the Bitcoins are made, how transactions happen, and keeps the safety of the whole Bitcoin network. Without people mining, there would be no Bitcoins to use.
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Hmm... Not really worth my time then :c Thanks for the info though.
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It depends on the value of the bitcoin at the time of the transaction.
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