[GNHLUG] MerriLUG: April 2nd 2013 - Bitcoin

[Randy Edwards]

> Anyone doing bit coin mining?

   I've done some in the past, just to toy with it.

> Seems like it would favor geeks with high power computers/gaming rigs to
> decrypt the codes.  I've heard that people are harnessing gpu's to do the
> decryption.

   There's just no sense in mining with CPUs, as funny as it sounds (you'll 
use more in electricity than you'll make in Bitcoins). GPUs are pretty much 
standard for mining but they're in decline; the future is clearly with ASIC 
rigs.

   If you're interested in what's being used, this might be worth reading: 
https://en.bitcoin.it/wiki/Mining_hardware_comparison

-- 
"There has never been, nor ever will be, any such thing as a good war, or a 
bad peace." -- Benjamin Franklin.