lsu_tiger_az LSU Fan Arizona Member since Mar 2004 28731 posts
re: My faith in Bitcoin just went out the window (Posted on 3/8/13 at 3:19 pm to TheOcean)
quote: I think having a de-centralized currency is a pretty cool concept. I also think that something similar to BitCoin could be successful in the future, just not Bitcoin itself.
I tried to "sign up" for Bitcoins, and all I got was this lousy Mug...
lsuconnman Troy Fan Baton rouge Member since Feb 2007 1260 posts
re: My faith in Bitcoin just went out the window (Posted on 3/8/13 at 11:02 pm to lynxcat)
quote: so the computing power determines whether i get 100 coins or 1,000?
yes and no
because there is an element of luck to mining as well. while a more powerful computer increases the odds of solving a block, it doesn't guarantee it will happen.
Is there any reason to believe the investment in "mining" will provide better odds than a deposit at fulltilt or pokerstars!