Silk Road forums
Discussion => Newbie discussion => Topic started by: saulgood on June 24, 2013, 01:17 am
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Who's doin' it?
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I am!
And very proudly so.
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Sweet! What have you got? The Avalons are really sweet!
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can you guys explain what it is and how to do it? :)
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oh sure, we have a lot of time now, don't we?
bitcoin mining is using hardware like GPUs or custom-designed chips to search for the next block in the bitcoin chain.
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you can read more technical details here: https://en.bitcoin.it/wiki/Mining
but basically, you just have to buy or otherwise acquire a mining rig, set it up, and start watching the money roll in
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most people join a mining pool, like slush (mining.bitcoin.cz) to get steady payouts over time. it's possible to make 2+ btc per day ($200+ at current exchange rate) using some top of the line custom hardware. This hardware is very hard to come by now though, as you might imagine.
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you can decide on a mining rig based on profitability, which you can calculate using something like:
http://www.bitcoinx.com/profit/
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what exactly is bitcoin mining?
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this sounds cool and something to look into
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you can decide on a mining rig based on profitability, which you can calculate using something like:
http://www.bitcoinx.com/profit/
thanks for the info, gunna look into this