05-23-2011, 04:54 AM
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there's no $$$ in porn
Industry Role:
Join Date: Jul 2005
Location: icq: 195./568.-230 (btw: not getting offline msgs)
Posts: 33,063
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Quote:
Originally Posted by Seth Manson
The thing that bothers me most about this bitcoin crap is that they dont tell you what its doing. They say its just solving math problems, they dont serve a useful purpose other than giving the bitcoin market some value.
That, is bullshit. Its doing something. And if its not something useful or entertaining, then its something malicious. Nothing else is worth any value. They are using your CPU or GPU processes for SOMETHING and its not just because they like doing complicated math problems.
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rtfm:
The Bitcoin network creates and distributes a batch of new bitcoins approximately six times per hour at random to somebody running the software with the "generate coins" option selected.
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All generating nodes of the network are competing to be the first to find a solution to a cryptographic problem about their candidate-block, a problem that requires repetitious trial and error. When a node finds such a valid solution, it announces it to the rest of the network and claims a new batch of bitcoins.
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