Money Talk

What Is A Bitcoin?

Submitted by sidneymnl, , Thread ID: 69888

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sidneymnl
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15-01-2018, 06:40 PM
#1
can someone please explain what a bitcoin is? i have no idea

RE: What Is A Bitcoin?

Convar3
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15-01-2018, 06:58 PM
#2
Im not a 100% expert on the matter, but from my knowledge, a Bitcoin is an encrypted currency (meaning payments are anonymous) that you acquire from either buying one (prices change rapidly, but they're over $10,000 right now, so buying one isn't likely) or bitcoin mining. Bitcoin mining is essentially where a mining software uses your CPU to do complex math problems, which takes up a lot of power, to get a bitcoin. It's way harder than it looks because it REALLY takes a lot of CPU to do it. From my knowledge, the only reason why it's really hard is simply because it's expensive.

RE: What Is A Bitcoin?

Thiagobro
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15-01-2018, 10:49 PM
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i will try to say in a easy way, its like a virtual coin, and its a good currency, they prices can change a lot in one day

RE: What Is A Bitcoin?

m1s3rys1gn4l
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16-01-2018, 12:03 AM
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15-01-2018, 10:49 PM
Thiagobro Wrote:
i will try to say in a easy way, its like a virtual coin, and its a good currency, they prices can change a lot in one day

simple ans but good one...

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