BitClockers Overclockers BitCoin Mining Pool information

[V2-V3]

BitCoins are a way to exchange money person to person via the internet similar to PayPal how ever they can be earned by using the graphics cards ability to calculate mathematical "proofs" or simply the journalaling of all transactions on the bitcoin network into a "Block" and this block is shared with the entire bitcoin network as an open ledger to provide security for the users, having the transaction history open and distributed to all users of the network eliminates the ability for anyone to counterfeit bitcoins or take down the network in an attack. consider it this way you are being paid to secure the network and provide decentralized security just as PayPal will pay a Server farm to backup their database to protect their customers transaction records. with each Bitcoin worth *$6.00USD compensation is good. However a massive amount of computational power is required to acquire a Bitcoin. The best way to acquire coins is to build a PC with multiple AMD graphics cards for example One system with four ASUS Radeon HD 7970 graphics cards can earn you about *$300.00 dollars extra monthly income. To start join a Mining Pool and install a mining client, like BitClockers.com. When you recieve Bitcoins you can Sell them at an exchange or use them anywhere accepted.

Step By Step How To guide: http://bitclockers.com/forums/index.php?topic=3.0

Since Bitcoin works much like torrents do (there is no central entity), it has to work off a distributed P2P database. The blocks are the 'snapshots' of the database. So each transaction that takes place has to be verified, balanced, and secured using SHA256. By you 'serving' the distributed database and computing the complex security of it, you can build new blocks. Since it's a highly computational task, GPUs are the perfect workhorses for it.

It's a lot more complex than that and I'm sure I don't fully understand it either, but that's the idea.

I recommend BitClockers.com its a great mining pool that is loaded with how to guides and have a very helpful community 😄

START HERE - how to Getting started mining Bitcoins : BitClockers Mining Guide to Bitcoins

GUIMiner Installation Guide: http://bitclockers.com/forums/index.php?topic=8.0

Mining Profitability Calculator: http://bitclockers.com/miningcalculator


*value per coin at the time of this writing

[V2-V3]

FoldenCaulfield wrote:
hey V2 can you pm me with some more info on this kinda thing. I've had some interest but some of the googled sites look kinda shady.. wasn't sure if you had a legit place with some good info/setup guides?

I recommend BitClockers.com its a great mining pool that is loaded with how to guides and have a very helpful community 😄

START HERE - how to Getting started mining Bitcoins : BitClockers Mining Guide to Bitcoins

GUIMiner Installation Guide: http://bitclockers.com/forums/index.php?topic=8.0

Mining Profitability Calculator:http://bitclockers.com/miningcalculator






on a side note, Here is what the new Bitcoin mining operation looks like 😄

[houndazs]

let me guess V2-V3, your worker name is TechPC.....lol

[V2-V3]

xeromist wrote:
So how much does that stove produce? 😉

About 1 dry and or refurbished motherboard a week 😄

houndazs wrote:
let me guess V2-V3, your worker name is TechPC.....lol

Yes sir!

[Retired]

wow nvm just reread the first post and must have totally overlooked the link right in front of my face!

[xeromist]

So how much does that stove produce? 😉