Sites like Paypal?

[Zlasarma]

Bitcoins are made from your own PC with your graphic card CPU afaik. I mean, because graphic card CPU is more powerful than main CPU of your PC, it is used instead of it.

(I never used bitcoins but as far as I got the point, this is the way you use them, because I was confused also 😀 )

You download some kind of program and you start it. It then "mines" coins. The more powerfull graphic card you have, more coins you will mine. There are websites where you can exchange coins for real money but, you can also buy things with coins by simply donating them.

That's the whole thing I think. Saying again, I never used them, but I think this is the way it works. Hope I helped 🙂

 

[Venom]

Bitcoins are made from your own PC with your graphic card CPU afaik. I mean, because graphic card CPU is more powerful than main CPU of your PC, it is used instead of it.

(I never used bitcoins but as far as I got the point, this is the way you use them, because I was confused also 😀 )

You download some kind of program and you start it. It then "mines" coins. The more powerfull graphic card you have, more coins you will mine. There are websites where you can exchange coins for real money but, you can also buy things with coins by simply donating them.

That's the whole thing I think. Saying again, I never used them, but I think this is the way it works. Hope I helped 🙂

Wait so you mine free money?.

 

[Zlasarma]

Yes. Only thing you need is time and good hardware 🙂

 

[Venom]

Wait so you mine free money?.

Yes!!!!!!!.

*Downloads Bitcoin* 😀

 

[Jerison]

They asked me to pay for bitcoins...

 

[Zlasarma]

They asked me to pay for bitcoins...

You don't pay for bitcoins. There is program you download from their website: http://bitcoin.org/en/how-it-works

Btw, read informations on that link 🙂

 

[Venom]

Isnt making 'money' Illegal?.

 

[Zlasarma]

Bitcoins, no 🙂
Someone said here that Amazon or eBay (not sure) used it, so I don't think it's illegal if they use it

 

[Jerison]

I found a way to use paypal. 😛

 

[Zlasarma]

I found a way to use paypal. 😛

Whell, you could share that way with us because if you don't, there is no point of this thread and all what we've talked 😀

 

[Venom]

Btw, Heres how bitcoins work:

Bitcoin is often referred to as a new kind of currency.

But it may be better to think of its units as being virtual tokens that have value because enough people believe they do and there is a finite number of them.

Each of the 11 million Bitcoins currently in existence is represented by a unique online registration number.

These numbers are created through a process called "mining", which involves a computer solving a difficult mathematical problem with a 64-digit solution.

Each time a problem is solved the computer's owner is rewarded with 25 Bitcoins.

To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of about 3,600 new Bitcoins a day.

To receive a Bitcoin, a user must also have a Bitcoin address - a randomly generated string of 27 to 34 letters and numbers - which acts as a kind of virtual postbox to and from which the Bitcoins are sent.

Since there is no registry of these addresses, people can use them to protect their anonymity when making a transaction.

These addresses are in turn stored in Bitcoin wallets, which are used to manage savings. They operate like privately run bank accounts - with the proviso that if the data is lost, so are the Bitcoins contained.