What is Bitcoin mining and how is it done ?
- Thread starter MrEarl
- Start date
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BreadKettle
Guest
This article is gas. Even in the caption on the photo.. "a pile of bitcoins" - wtf?
Then the quote "It may be valued at $18,000 right now but what I want to know is how you convert it into fiat currency and realize that value."
Why even quote someone who wont even give the subject matter a cursory 2 second google search
Wasn't sure where to post this. The links below describe how the imbedding of software into a Chrome extension, into games and even hijacking corporate Cloud environments all in the name of getting others to unwittingly mine Bitcoins for othes. Who knows how much more energy/pollution this has caused:
https://www.theregister.co.uk/2017/10/23/cryptocurrency_miner_google_chrome_extension/
https://www.theregister.co.uk/2017/...rs_turning_up_on_unprotected_cloud_instances/
https://www.forbes.com/sites/thomas...rency-miner-launched-by-russian/#4349fc6456fb
Firefly
https://www.theregister.co.uk/2017/10/23/cryptocurrency_miner_google_chrome_extension/
https://www.theregister.co.uk/2017/...rs_turning_up_on_unprotected_cloud_instances/
https://www.forbes.com/sites/thomas...rency-miner-launched-by-russian/#4349fc6456fb
Firefly
If you hear your PC fans going on turbo, you know you visited a dodgy webpage !
Anyone can create their own cryptocurrency, bitcoin is open source and you can just copy its code.
'Bitcoin' however is limited to 21m. To change that it needs consensus within the bitcoin system.
No-one is stopping one from making their own system, and one has all the existing open source code to help start-up.
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BreadKettle
Guest
Not Bitcoin. Monero presumably.