What is bit coins. how does it work. what is bit coin mining. how can I earn bit coins.?

Bit coin is like digital money. It works like money but the wallet is in the internet. Bit Coin mining is trying to get bit coins for free(not really) by solving incredibly difficult puzzles with your PC's GPU or CPU. Once you set your computer to mine, it will do so on its own. The puzzles are solved automatically by the PC but it gets more difficult by the day. You can mine on your own or with a group.

Mining is a very very tedious process sometimes taking months or even years to mine a single piece. When you mine alone, your PC can sometimes solve puzzles for months or years nonstop without finding a single coin. You can however join a group to mine with and combine efforts. This way a constant stream of bit coins go to your wallet. But you get a hundredth or so of a bit coin per day and it takes many days to earn a coin.

Mining is done by CPUs, GPUs or special mining hardware you can buy. GPUs are much much much better than a CPU but mining devices are faster than a GPU. AMD GPU are better than NVIDIA's at mining . Mining is a inefficient business. It will take an excessively long time time to pay for the things you are using to mine with. Let alone the cost of electricity. Your PC has to run very expensive GPU that consumes a lot of power trying to mine all the time nonstop for month and years if you want to make bit coins. Considering the cost of equipments and high electricity costs makes it worthless and wasteful to mine Bit Coins whichever way you way you choose-- solo or in a team.

However, you can buy bit coins like regular foreign currency with money. Remember it still is money. You can use it to buy and rent things.If you try mining you will most likely loose more than you earn.

So I hope this helps you understand what Bit Coin is................

Bit coin is like digital money. It works like money but the wallet is in the internet. Bit Coin mining is trying to get bit coins for free(not really) by solving incredibly difficult puzzles with your PC's GPU or CPU. Once you set your computer to mine, it will do so on its own. The puzzles are solved automatically by the PC but it gets more difficult by the day. You can mine on your own or with a group.

Bitcoin is a peer-to-peer payment network and digital currency based on an open source protocol, which makes use of a public transaction log. Bitcoin was introduced in 2009 by pseudonymous developer Satoshi Nakamoto.

for more,

please go http://en.wikipedia.org/wiki/Bitcoin

cole ppl need it to smelt but its sometimes like 8 for 1 bar so alot of it ive forgotten where to mine it tho

mining software

http://cointellect.com/?code=f891fe36 CODE f891fe36