Bit coins
By newbie1234
@newbie1234 (25)
Philippines
May 9, 2011 9:45am CST
Does anyone here in mylot know this? I cant understand how this thing works but what I heard is that you can earn really big with this one but the only problem is you need a good video card on your PC. If you know about this could you explain it to me in laymans term, because im not in too much in computer terms ^_^. thank you
1 person likes this
1 response
@thorax11 (30)
• United States
20 May 11
Bitcoins are created from computer computations that calculate encrypted data.
You can make money with Bitcoins but not as much as you could months ago when not as many people were looking for Bitcoins. You need a lot of computing power to retrieve bitcoins, you may get bitcoins in a few minutes or not at all for an entire day. It can also be very expensive on your electricity bill. You can actually spend more in electricity than you make in bitcoins. To really make money in Bitcoins you need to either trade a service in exchange for Bitcoins.
