10 Jun '13, 4am

All About Bitcoin Mining: Road To Riches Or Fool's Gold? - Tom's Hardware Guide #bitcoin

All About Bitcoin Mining: Road To Riches Or Fool's Gold? - Tom's Hardware Guide #bitcoin

By now, you've probably heard all about Bitcoins. But what are they? And are people actually striking it rich "mining" these things? Today, we'll find out with a first-hand look into the world of this crypto-currency, straight from a Bitcoin miner. I suppose the best place to start is in the beginning... Satoshi Nakamoto, The Phantom In 2009, a scientist calling himself Satoshi Nakamoto published an eight-page paper entitled Bitcoin: A Peer-To-Peer Electronic Cash System, along with working proof-of-concept source code. There was nothing unusual about this, except for the simple fact that there is no Satoshi Nakamoto. Stunningly, the author of a scientific paper had used a pseudonym. The paper itself was not particularly revolutionary either; it built upon previous attempts at crypto-currencies, such as b-money and Hashcash. Satoshi’s true innovation was combining several ...

Full article: http://www.tomshardware.com/reviews/bitcoin-mining-make-m...

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