Okech, u actually mine them? whats the cost of the gear? running cost visa a vis the returns ?

//Watson

On 30 January 2014 16:31, John Maina <mwasjunior@gmail.com> wrote:

So what use case do crypto currencies address that's not addressed by other payment methods?

On Thursday, January 30, 2014, Okechukwu <okechukwu@gmail.com> wrote:

https://www.udemy.com also has very nice lessons and video tutorials on bit coins, with Androis/iOS apps

./Ok3ch

On Thu, Jan 30, 2014 at 11:37 AM, Okechukwu <okechukwu@gmail.com> wrote:

Its simply using resources on one's computer (GPU or CPU) to help a central server sort complex mathematical algorithm (mine) and then the server gets rewarded and shares the rewards amongst the contributing computers - Very simply put

More complex and very well explained - https://bitcoin.org/en/

./Ok3ch

On Thu, Jan 30, 2014 at 11:14 AM, Emmanuel <emmanuel.macharia@gmail.com> wrote:

Okech

How does bit coins mining actually work ?

Regards,

Emmanuel Macharia
Cell:+254.722.858.418 - Personal

Cell.+254-738-858-418 -Direct
*************************************************************************************

One thing i always do is Forget the past and Match forward towards Success

On Thu, Jan 30, 2014 at 12:52 PM, Okechukwu <okechukwu@gmail.com> wrote:

Just wondering, what happens to your digital currencies when something really bad happens to you? Am specifically thinking of bit coins & other cryptos which require private keys known only to you.

./Ok3ch

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