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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone own any Bitcoin here?
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<blockquote data-quote="kevinatfms" data-source="post: 16092121" data-attributes="member: 39344"><p>So its other companies(NASA, NYSE....DOD?) using regular people to help compute insane equations which are then paid in Bitcoin? Or is it someone who contracts to these companies to field the subcontractors(miners) required to make the computations?</p><p></p><p>Who controls the price of Bitcoin? I assume the company making the currency available to the public?</p><p></p><p>Are people chosen for the computations dependent on the rig they use? I know those "miners" have depleted the GPU supply for the past year or so to make money. So, is a person with a 10 GPU mining specific system more likely to get chosen to run these computations over a regular joe with 2 GPU's?</p><p></p><p>I hope i don't come off as sarcastic. I am genuinely intrigued at how this whole thing works. Dont think id ever attempt to try it but its interesting to see how technology has spawned its own currency.</p><p></p><p><strong>EDIT: Just reread what you wrote and am baffled once again. So its people solving complex equations to VERIFY bitcoin transactions? Then they get paid on top of that with Bitcoin? Isnt that just a gigantic revolving circle? </strong></p><p><strong></strong></p><p><strong>Im even more confused than i was before i wrote this.</strong></p></blockquote><p></p>
[QUOTE="kevinatfms, post: 16092121, member: 39344"] So its other companies(NASA, NYSE....DOD?) using regular people to help compute insane equations which are then paid in Bitcoin? Or is it someone who contracts to these companies to field the subcontractors(miners) required to make the computations? Who controls the price of Bitcoin? I assume the company making the currency available to the public? Are people chosen for the computations dependent on the rig they use? I know those "miners" have depleted the GPU supply for the past year or so to make money. So, is a person with a 10 GPU mining specific system more likely to get chosen to run these computations over a regular joe with 2 GPU's? I hope i don't come off as sarcastic. I am genuinely intrigued at how this whole thing works. Dont think id ever attempt to try it but its interesting to see how technology has spawned its own currency. [b]EDIT: Just reread what you wrote and am baffled once again. So its people solving complex equations to VERIFY bitcoin transactions? Then they get paid on top of that with Bitcoin? Isnt that just a gigantic revolving circle? Im even more confused than i was before i wrote this.[/b] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Anyone own any Bitcoin here?
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