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Bitcoin
For the last year I have been trying to understand this and it still eludes me.
You have these bitcoin miners that are attempting to solve an ever more difficult math problem to earn bit coins??? This math problem has something to do with transaction processing but I don't understand what is the point. It seems like you are spinning your wheels on purpose to make things more difficult just so you can not create too many bit coins.
Are people actually buying bit coins with real money?
How many bitcoins can you earn with a miner? Is it profitable?
It seems like you can set up a specialized machine just to solve this man-made problem but I can imagine it might cost you more in electricity than the bitcoin is worth... It might be cheaper to pay the 2% processing fee than the wasted electricity
I still don't get it
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