I'm pretty sure it would make a slight different on your electric bill if you run that program a lot.My CPU is a quad core and it draws like 150watts or something. GPU is even worse since mine draws 500watts.That's a lot of draw bro.
The program itself wouldn't cause a significant change on your electric bill. If you were to do everything you normally do except with that program open you'd notice a minuscule difference in cost.
That's the thing, bitcoins aren't sanctioned by the US or any other country, which means that if one day people decide that bitcoins are useless, the bitcoin market will crash so hard.
The program is running your CPU/GPU at 100% which only isn't safe for the hardware that's using a handicapped amount of energy.You leave that program running for 24 hours and I'm pretty sure that will make a noticeable difference.
the monetary gain via mining would outweigh the costs of extra power.
That is if bitcoins actually had a currency.
They do have a monetary value, you can sell them for USD and buy real-life products with them.
But what exactly DEFINES the value of a bitcoin? Just because some guy said it was worth 15 bucks?
Well, there's this thing called a market. What you just said could be applied to anything. What exactly DEFINES the value of a watermelon? Just because some guy said it was worth 15 bucks? If you price your bitcoins over what others are selling for people are unlikely to buy them, where as if you price them cheap you will sell them quickly
Yeah but they're not selling a product necessarily. They're generating their own currency and pretty much handing it out. It has no defined value and I'm pretty sure it's never going to ever be used as a source of money.They're practically printing money.
So the more CPU your using, the more cash you get? Or does it max it out by itself?
