So, are you suggesting me to go and buy an ASIC USB miner (a bunch of them) and start mining?
These are pretty power and cost ineffective. Use these for fun and supporting Bitcoin only.
Topic: New to bitcoin world! Is bitcoin dead? Does it worth it? (Read 493 times)
These are pretty power and cost ineffective. Use these for fun and supporting Bitcoin only.
Hello people! I'm new to bitcoin and i have some questions for you. First of all i want to ask if today (2013) bitcoin is dead or if its worth mining.
{sarcasm}Yes, it is dead. Nobody uses it, nobody buys it, nobody sells it, nobody wants it. The current exchange rate is $1 per 20,000,000 bitcoins. This forum doesn't exist and there is nobody here participating in conversations.{/sarcasm}
Seriously, isn't that a silly question?
I really like the whole idea with the currency and i want to continue mining. So, are you suggesting me to go and buy an ASIC USB miner (a bunch of them) and start mining?
Do you have a lot of money to buy equipment with? Are you just doing it for fun, or do you require a guaranteed profit?
Which wallet is the best? Online wallets like coinbase or a local wallet like Multibit?
Best for what?
Paper wallet is probably best for security from hacking.
blockchain.info is great for portability and convenience.
Bitcoin-Qt allows you to be a fully participating node on the network.
They are all best for their designed niche.
Unless they changed their business model, coinbase does not supply a wallet. Coinbase offers you an account with them, and they maintain all the bitcoins in their own wallets. I do not trust uninsured, unregulated, un-audited accounts.
Is it secure to keep the same wallet forever?
That depends on how well you protect it.
Dead??? How can a coin worth >$700 be anything close to dead???
Mining is another issue. With difficulty climbing as it is, I think mining is beyond the reach of most of us. That's perhaps one of the reasons the price is going up (buying is the only option to get in the game).
Mining is another issue. With difficulty climbing as it is, I think mining is beyond the reach of most of us. That's perhaps one of the reasons the price is going up (buying is the only option to get in the game).
Hello people! I'm new to bitcoin and i have some questions for you. First of all i want to ask if today (2013) bitcoin is dead or if its worth mining. I really like the whole idea with the currency and i want to continue mining. So, are you suggesting me to go and buy an ASIC USB miner (a bunch of them) and start mining? Which wallet is the best? Online wallets like coinbase or a local wallet like Multibit? Is it secure to keep the same wallet forever?
Thanks you.
Thanks you.
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