HOW DO YOU GET BITCOINS:
This is mind blowing (or as they say it in Blades of Glory, "MIND BOTTLING") to anyone who lives in the real world. You simply download a bitcoin wallet software, download a "MINING" program onto your computer (MAC,PC,LINUX). This "MINING" program then runs algorithms using your CPU and Graphics card to solve a them. Depending on the specifications of your computer you are "mining" for bitcoins at a rate (faster the computer the more the bitcoins you earn). Seems easy? It is, it will simply cost you a lot on your electrical bill. Now note as the number of BITCOINS rises, it becomes hard to get them, so the longer you will have to run these programs on your computer to get 1 BITCOIN.
Here is my problem with "HOW TO GET BITCOINS". They treat it like you are mining for gold? Really it is solving a bunch of useless algorithms that go NO WHERE! So imagine this, your light bulb breaks, you stand up and turn the switch on and off infinite times to get light. Get the point? No matter how many times you do this, no light comes on. This useless "MINING" program rewards you in this virtual currency called bitcoin when you run this program.
Hopefully those less computer savy are still following around. In simple terms you doing a pointless thing to get some fake virtual coins that will exist in this fake virtual wallet. That's right virtual. Like Barney and friends used to say. Use your imagination.
WHY DID ALL THESE PEOPLE "MINE" FOR BITCOIN?
Well, really to be honest, I have no clue. It makes no sense, either all these individuals own stocks in their utility companies or they spite their parents so they run up the electric bill. No one good reason comes to mind to run your computer at full capacity to do pointless algorithms. NOT ONE REASON TO GO FLICKER ON AND OFF A LIGHT BULB THAT HAS BURNT OUT.
Take a look at this chart, I will be back with more tomorrow.
-KEEP HATING!
