- Joined
- Apr 10, 2016
- Location
- Paso Robles, CA
I want to know how bitcoins are a currency of value and how I can get bitcoins? is creating your own currency like bitcoins even legal? where can I earn bitcoins because no real job pays in bitcoins...
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That is a lot of ground to cover.
This may help you starting out: https://en.wikipedia.org/wiki/Bitcoin
As to why it has value? People are willing to accept it for things. Admittedly there are a lot fewer than are willing to take dollars or rubles or marks, but enough that it seems Bitcoin will be around for a while.
As to how to get them? You can exchange dollars or other crypto-currencies for them, or you can mine them. Minding them requires buying hardware that is custom designed for doing the calculations. It used to be you could use the CPU on your computer, then you needed to use video cards and now you have to use ASICs, or Application Specific Integrated Circuits. The more calculations done on the network, the more you have to do to be able to mine a bitcoin.
If you have more specific questions, we'll try and answer them for you.
Another method is to mine other crypto-currencies, spin-offs if you will, such as Litecoin, Peercoin, Darkcoin etc.
Then you sell these coins for Bitcoins on trading sites like Poloniex or Bittrex. Then you simply withdraw your Bitcoins from said trading site to your Bitcoin wallet.
I'm sure there is, but I haven't mined on over a year so I'm to sure what's the best to mine.Is there a particular one that is worth mining over the others? Worth more, easier to trade, etc? Or is that something that fluctuates too rapidly to follow effectively?