04 Nov '21 13:47>
Why is mining a big thing to make bitcoins? Don't understand what is going on here.
@sonhouse saidBitcoin is a type of computer virus which only infects Democrat’s computers.
Why is mining a big thing to make bitcoins? Don't understand what is going on here.
@sonhouse saidGoogle is your friend. You will find 100s of answers.
Why is mining a big thing to make bitcoins? Don't understand what is going on here.
@sonhouse saidIt is "The Emperor's New Clothes" for the 21st century.
Why is mining a big thing to make bitcoins? Don't understand what is going on here.
@sonhouse saidI don't understand it 100% either but here's my understanding:
Why is mining a big thing to make bitcoins? Don't understand what is going on here.
@divegeester saidPonzi. The man's name was spelled Ponzi.
No one can explain it because it’s a digital con, a digital ponsai scheme.
@shallow-blue saidI was referring to the small Japanese low lying tree which is related to the bonsai but shaped like a perfect pyramid scheme.
Ponzi. The man's name was spelled Ponzi.
@venda saidLike a lot of "businesses" it does make money for some.
I once read that 50% of the output of the national grid in the UK is used by computers mining bitcoin.
If this is true,I think the process should be banned.
It won't be of course,because it's a money making venture(supposedly)
@ponderable saidI understand there are now some places that accept crypto currencies for transactions as opposed to just looking at virtual numbers on a screen.
Like a lot of "businesses" it does make money for some.