Thread: Embrace bitcoin
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szopin is offline szopin
2015-07-11 , 02:28
Posts: 2,076 | Thanked: 3,268 times | Joined on Feb 2011
#4
Originally Posted by HtheB View Post
I have never worked with bitcoins before.
How exactly does it work?
Can we add/withdraw money from bank?
I've also heard some stuff about 'mining'. How does that work?
Mining is nowadays done by specialised rigs with custom CPUs(FPUs actually), mining on desktop/laptop will cost you more in electricity than you can get from it, so not worth it. The beauty of it is you can transfer with no greedy middle man taking a cut (still need to find best way to obtain some bitcoins of course, but there are plenty of ways), no conversion fees, no transaction fees. Pretty much the best way to transfer funds around the globe. Will try to find a good FAQ to post, we should really consider that, all the time poeple come up with problems like UK banks charging extra on euro transfer, or 10% cuts on this or that, bitcoin is pretty much free from that


edit: a short list of how to obtain bitcoin (sorry stealing from 8chan):
http://8ch.net/bitcoin.html
And general bitcoin faq for now:
https://bitcoin.org/en/faq
Last edited by szopin; 2015-07-11 at 02:37.
 

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