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What Is BitCoin Mining? and Should You Mine?

January 20th, 2015 | by BTC News
What Is BitCoin Mining? and Should You Mine?
Tech
24

A somewhat in depth look at what BitCoin mining actually is: More Information on Bitcoin Mining and we are building up to getting your own BitCoin miners set…
Video Rating: 4 / 5

 

24 Comments

  1. avatar ThunderLimes says:

    you can get free money *gets to the later parts* oh….. well I don’t have
    that much money

  2. avatar Sid de Leon says:

    A NEW WORLD ORDER. YOU NEED A NEW WORLD CURRENCY
    AN INTRODUCTION TO BIT COIN
    Part 5 What is Bit Coin Mining
    https://www.youtube.com/watch?v=deXR9V1eUY0

  3. avatar RsVoods says:

    its not about encrypting keys.. its about decrypting them, encrypting is
    instant lol.

  4. avatar matthew pappas says:

    Hardware cannot reach a return on the investment. So… NO. Bad idea.
    Expect to lose your investment. Check calculators with a difficulty change
    over time to see if in 1 month you will be making the same… you won’t
    be… there is simply too much hardware being brought online by too many
    manufacturers and they have only hurt themselves. Do not buy hardware, you
    will loose your investment. They are now knowingly trying to sell you goods
    they know you cannot profit from, but simple calculators say that you will.
    Good Luck.

  5. avatar AerialGuardian . says:

    SATANS CASHLESS STATE IS UPON US!

  6. avatar Tip Top says:

    This is the dumbest scam ever, it’s like the FEDs printing money with no
    true currency(aka gold ) behind the value of the money. 

  7. avatar WayneTwitch says:

    u cant compare the r9 to the 780ti is pretty much better then a titan and i
    woudl rather buy x2 780ti vs one shit AMD

  8. avatar Seduce Women Guide says:

    You can earn more if you trade bitcoins. However, the risk is also high.
    Bitcoin mining is much more stable and less risky.

  9. avatar shaeku nit says:

    why would someone pay for hash output…. i mean ,what happens to this hash
    code,is that useful for anyone ? 

  10. avatar Dick fidler says:

    this is one of the much MUCH better videos of explaining mining
    . . .awesome dude !!

  11. avatar ecky1965 says:

    I have no idea what this bloke is talking about.

  12. avatar Best TF2Guides says:

    its too hard to these times

  13. avatar James Oldfield says:

    The fuck is a bitcoin??

  14. avatar JeffsterRocks says:

    Still don’t get it…

  15. avatar Ovidiu C says:

    How much money (real) have you made so far and in what amount of time?

  16. avatar WayneTwitch says:

    AMD sucks they burn up way faster then nvidia

  17. avatar DJ Scottdog says:

    thanks for clearing this up ive realized how pointless this is now unless
    you can buy a mega rig 

  18. avatar UnholyPerfection says:

    the statement about the nvidea cards is not 100% true anymore. there are
    programs that make nvidea cards preform at the same rate as amd by using
    the cuda kernels. for most people amd is the right way to go as there are
    more programs supporting it and it is simple but if you have an nvidea card
    you can still mine with a good hash rate.
    asic is the most efficient for long term or large setups
    don’t plan on making much profit short term without a big setup. that will
    still cost a lot thoe

  19. avatar aslacuentayya says:

    SO, this means AMD graphic cards prices are going down again?

  20. avatar Damjan25 says:

    should I buy pc for mining LTC or few ASIC usb cards for BTC ? 

  21. avatar Rapisu Grut says:

    What Is BitCoin Mining? and Should You Mine?: http://youtu.be/deXR9V1eUY0

  22. avatar SuperCody888 says:

    would it be better to spend the money on a mining rig, or just buy some
    bitcoins?

  23. avatar Jese Joon says:

    Who is using my Computer’s Performance???
    I mean that would be a dumb question but who is paying and giving me the
    credit who needs my Processor’s efforts and for what he is using it ???

  24. avatar Niels Linden says:

    this makes me feel so dumb

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