(Topic ID: 200502)

Somebody explain Bitcoin to me

By Pinballlew

6 years ago


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  • 1,905 posts
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  • Latest reply 3 years ago by toyotaboy
  • Topic is favorited by 34 Pinsiders

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    #34 6 years ago
    Quoted from dr_nybble:

    The computer power required to mine bitcoin (which, as mentioned above, involves performing an expensive computation) makes it environmentally unfriendly!
    https://digiconomist.net/bitcoin-energy-consumption

    Has anyone invested in any of the eco-friendly cryptocurrencies?

    https://cryptoinsider.com/eco-crypto-list-coins-focused-environment/

    3 weeks later
    #314 6 years ago

    The Bitcoin Cash rally was pretty crazy.

    2 weeks later
    #407 6 years ago
    Quoted from Pintucky:

    Can anybody respond on that last question? Thanks again.

    Yes, just like money, you can move it around.

    #414 6 years ago
    Quoted from vicjw66:

    I just can’t get past all the resources used to mine these crypto currencies.

    I think this is a valid concern. I've looked into some of the more environmentally-friendly coins. Unfortunately, I haven't been able to find one yet that is a solid investment. Anyone have any suggestions?

    #491 6 years ago
    Quoted from Black_Knight:

    Can we please call it a mania now?

    Isn't that graph a bit misleading? They have 2017 as "year 1" for Bitcoin.

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