Bitcoin. Virtual currency that can be converted into real money.

[Lugnut]

www.youtube.com/watch?v=Um63OQz3bjo

This should hopefully clear some things up.

[Ad Bot]

[Night Fox]

just noticed that it generates whatever it is when the computer is doing something
does it go faster with the more CPU you use?

[Blastdown]

just noticed that it generates whatever it is when the computer is doing something
does it go faster with the more CPU you use?

HEAVY LOAD COMIN' THROUGH

[Lugnut]

No, hell no. Generating is where you have your computer compute the hashes for new bitcoins.

It's very CPU intensive.
If you have a spare computer go for it.

[Coolio]

Going to try this.
Does Steam work with paypal?

[Night Fox]

how many blocks does it need to download

[Lugnut]

I have no bloody idea.
I saw an image with just under 100k, but that could be ten days old, two years or ten minutes. I have no clue.

[Daedalus]

Going to try this.
Does Steam work with paypal?

This.

[Muzzles56]

So I click on "generate coins" and thats it?

[Blastdown]

Going to try this.
Does Steam work with paypal?

Yes.

[Lugnut]

Well, yes, but it takes a lot of processing power to make just one.
Try the Bitcoin supported websites or whatever its called on the main wiki page.

[Jorici]

So 1 Bitcoin = ? dollars

[yuki]

Did I get your attention with the 'real dough' part?

Not really, this isn't impressive at all. Secondlife has been doing this for years.

[Night Fox]

So, what is a coin thing worth in USD?

[yuki]

So, what is a coin thing worth in USD?

Probably a fraction of a cent depending on the buyer. You can't take "bitcoin" to a bank so there's no actual exchange rate.