can you explain what this whole bitcoin mining is, ive read plenty of stuff on it and still have no clue as to what it's about
does this help?
can you explain what this whole bitcoin mining is, ive read plenty of stuff on it and still have no clue as to what it's about
i have $300 in cash. now what?
You can get 1.48 worth of BTC at the current price.
when will it drop tho?
Who knows, shyt it may go up to 300 you dont know, but you can cash out anytime or invest in things to make whatever you put in more.
what can i invest in tho?![]()
A lot of shyt. You just missed the BTCT wave (stocks) they have other sites where you can trade stocks but they are kinda confusing. Cex that link i posted earlier is essentially buying hashing power that you own & it produces BTC for you while you trade shares in that.
how many bitcopins does it produce?![]()
a many as you want it to so basically the more Gh/s you have, the more BTC youll make. 1 Gh/s is about .12 btc at the moment so 20$
please explain this more please. so i buy a gh and it produces .12btc?
No 1 Gh produces....about 0.00003 BTC at the moment if I'm doing my math right but its constantly hashing and i think it can get up to 20-25 times a day so it just builds up throughout the day
so buy Gh/s and it'll make bitcoins for you?
Yeah, if you watched that video about mining thats what youre buying on that Cex site. But the difficulty changes so you want to make sure you cash out before that becase the prices dip and youll lose money if you dont. But after that you just buy in again and keep it movin.
I there a graph that you can see the trends for GH/s. What's been the highh and low cost for GH/s