How do people mine BTC?

[MlCKs slave]

Hi guys, I see people getting Bitcoins for free, and exchange it for real money. Does anyone know how they do it?
Also, what are Bitcoins, and should I use them?

 

[Deep]

I'm also interested in this.

 

[Doge]

Hi guys, I see people getting Bitcoins for free, and exchange it for real money. Does anyone know how they do it?
Also, what are Bitcoins, and should I use them?

Unless you have a professional rig like a warehouse, it won't pay off as the electricity used to run your PC will cost more.

Bitcoins are a digital cryptocurrency that can be used anonymously as there is no info tied to your wallet other than a string of letters and numbers.

 

[Deep]

Okay, I just registered a Bitcoin account and it says that people send money through wallets, and these wallets use codes but you can't hack into someones wallet if you have their code.
E.G- Mine is 1GGTJEBwmBf4g3XkJmVHivvK5ahpgtWokX

I know.

 

[MlCKs slave]

Unless you have a professional rig like a warehouse, it won't pay off as the electricity used to run your PC will cost more.

Bitcoins are a digital cryptocurrency that can be used anonymously as there is no info tied to your wallet other than a string of letters and numbers.

Thanks! Also, love the new profile pic

 

[Doge]

Also guys you should just google it lol.

https://www.bitcoinmining.com/

http://www.coindesk.com/information/what-is-bitcoin/[DOUBLEPOST=1452396230,1452396196][/DOUBLEPOST]

Thanks! Also, love the new profile pic

No prob and thanks

 

[MlCKs slave]

Wait so you can't mine with a PC anymore? You have to get those thingie-mah-bobbers?

 

[Devon]

I personally use a diamond pickaxe.

 

[Grrocks]

Wait so you can't mine with a PC anymore? You have to get those thingie-mah-bobbers?

You could but you wouldn't get very far mining has gotten more complex for machine so it takes longer to obtain bitcoin

 

[Albert Andrew]

Wait so you can't mine with a PC anymore? You have to get those thingie-mah-bobbers?

In notime your PC will overheat. and break.

 

[Deep]

I personally use a diamond pickaxe.

Emerald?

 

[Lyphiard]

In notime your PC will overheat. and break.

It won't overheat or break if you have a decent PC.

People nowadays use things called ASIC miners, which are special chips designed specifically for mining bitcoin. A decent one usually will cost in the hundreds or thousands. Plus, you have to find space in your house, and deal with a noisy machine 24/7.

In my opinion, mining bitcoin just isn't worth it.

 

[TellingMom]

You missed the boat on this one. It hasn't been worthwhile to mine in quite awhile, unless you're putting a ton of time, resources, and money into it.

 

[MlCKs slave]

Okay thanks, but I should use it as a form of payment to open up my options anyways?

 

[SoldierAlex]

BTC mining has become harder and harder for the normal user like me and oh but I've seen some people buy Bitcoin when it's cheap and sell it when it's high and then buy it when it's cheap, thus being able to buy more.