Quote:
Originally Posted by u-Bob
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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Yes, I did rtfm.
You think these guys are solving cryptographic problems just for fun, and releasing a "currency" for free?
Got pudding for a brain?
The really scary part here is that so many people are gullible enough to fall for it. You'll use more electricity running your PC to get a bitcoin than the bitcoin is even worth. And they still dont say exactly what they are using your processor for. Whats so important about these math problems that they have to build up a huge network to solve them? They claim its not for anything useful. Then what exactly is it?
I'm not interested in donating my computer to be part of hacking into some government's network, or a bank's network, or who knows what exactly they are really doing. Whatever it is, its something big.
"Lets trick all the people to loan us their processors to hack this stuff be giving them a currency with no real value and is backed by nothing!" An evil genius plan, thats for sure.