Jump to content

free bitcoin miner...

Spidey2721

By Spidey2721,
in Dumpster

 Share

Recommended Posts

Spidey2721 Newbie

Spidey2721

Posted
Posted

er, wait what?

 

uTorrent has been caught secretly bundling and installing a Bitcoin miner with its latest client update. The latest update has been found to secretly install EpicScale without user permission, which uses a certain amount of CPU power to mine Bitcoin in the background.

 

 

http://www.kitguru.net/channel/generaltech/matthew-wilson/utorrent-update-secretly-installs-bitcoin-miner/

Link to comment
Share on other sites
JaSSon Collaborator

JaSSon

Posted
Posted
Some people just dont like other people or companies making money off of them.. I dont get it.

 

The miner uses CPU idle time. uTorrent users were noticing sluggish performance and extra heat. What's not to get? uTorrent makes money while users had to deal with extra heat, poor performance, and excess energy usage.

Link to comment
Share on other sites
Exodus Newbie

Exodus

Posted
Posted
The miner uses CPU idle time. uTorrent users were noticing sluggish performance and extra heat. What's not to get? uTorrent makes money while users had to deal with extra heat, poor performance, and excess energy usage.

I should have been more clear. uTorrent should have told their users at the very least in the terms of service and it would have been okay. Since they didn't its not okay.

Link to comment
Share on other sites
ShowHBK Newbie

ShowHBK

Posted
Posted
I don't understand how this Bitcoin "MINING" works.....Can someone explain it in laymans terms.....Because I just don't see how you mine currency out of thin air.

 

Simple and easy to understand article explaining how mining works

 

http://bitcoin.org/en/how-it-works

 

One of the problems I have found with mining is it takes a LONG ASS time to generate just 1 Bitcoin. For a little while I had a little system mining 24/7 and could barley generate much of anything in terms of free money. Honestly I did not understand that you need a system built specifically for Bitcoin mining to turn a profit imo.

 

Something like this:

 

Link to comment
Share on other sites
ForeverMaker Newbie

ForeverMaker

Posted
Posted
Hate to say it but I didn't understand a damn thing in that article and to me made zero sense....someone else got a better answer?

 

computers do lots of math to "unlock" bitcoins. takes a great deal of time and computing power. generally not worth for the average Joe unless you get into is seriously (and get free/cheap power).

 

coins have value based on the bitcoin market kind of like stocks.

Link to comment
Share on other sites
MattKatz Experienced

MattKatz

Posted
Posted
I guess , I don't get it based on that article and what your saying. The article says you can pay with bitcoins, and it has basically checks and balances to make sure it can't be modified so as not to break the chain and can only be received by the person sent to, so if I think of this as "mining" , what are you mining if the bit coin is something you have to posses. I mean I can't go out in my front yard and start digging holes and find US currency....well, unless a precious person buried some there....so where are you getting bitcoins if you have none, what's the rate of return, why was this started and how? I could ask a dozen more questions but I got to start somewhere
Link to comment
Share on other sites
jeffro Newbie

jeffro

Posted
Posted
I guess , I don't get it based on that article and what your saying. The article says you can pay with bitcoins, and it has basically checks and balances to make sure it can't be modified so as not to break the chain and can only be received by the person sent to, so if I think of this as "mining" , what are you mining if the bit coin is something you have to posses. I mean I can't go out in my front yard and start digging holes and find US currency....well, unless a precious person buried some there....so where are you getting bitcoins if you have none, what's the rate of return, why was this started and how? I could ask a dozen more questions but I got to start somewhere

How are you to know you posses any coins if you didnt know you were mining them.

Link to comment
Share on other sites
MattKatz Experienced

MattKatz

Posted
Posted
And I guess now that Im reading the Wiki.....This had to start from zero available bitcoins at some point....so how was the first created, and what backed its value? To me its like it was created out of thin air with nothing "BACKING" its value.
Link to comment
Share on other sites
ForeverMaker Newbie

ForeverMaker

Posted
Posted
And I guess now that Im reading the Wiki.....This had to start from zero available bitcoins at some point....so how was the first created, and what backed its value? To me its like it was created out of thin air with nothing "BACKING" its value.

 

no different than "real" currency.

Link to comment
Share on other sites
Supplicium Newbie

Supplicium

Posted
Posted
And I guess now that Im reading the Wiki.....This had to start from zero available bitcoins at some point....so how was the first created, and what backed its value? To me its like it was created out of thin air with nothing "BACKING" its value.

 

You should stop trying to figure it out. It is not for you

  • Upvote 1
Link to comment
Share on other sites
MattKatz Experienced

MattKatz

Posted
Posted
I don't really want to do it...But Real Currency is "REAL" so to speak.....Physical, you can touch it, hide it, everyone accepts it....and it was made originally with what I believe was gold as the backer for its value.....What is the Value or the backer to the value of a bitcoin?
Link to comment
Share on other sites
jeffro Newbie

jeffro

Posted
Posted
I don't really want to do it...But Real Currency is "REAL" so to speak.....Physical, you can touch it, hide it, everyone accepts it....and it was made originally with what I believe was gold as the backer for its value.....What is the Value or the backer to the value of a bitcoin?

 

http://imgur.com/JVmIq7q.jpg

 

Not anymore... US currency these days has an artificial value. You would run out of gold long before you spent every USD in circulation. Why? Because the US mint prints money that it cannot back. Yet it still has a value doesn't it?

Link to comment
Share on other sites
unfunnyryan Newbie

unfunnyryan

Posted
Posted
I don't really want to do it...But Real Currency is "REAL" so to speak.....Physical, you can touch it, hide it, everyone accepts it....and it was made originally with what I believe was gold as the backer for its value.....What is the Value or the backer to the value of a bitcoin?

 

Perceived value, just like your dollar.

Link to comment
Share on other sites
2highpsi Newbie

2highpsi

Posted
Posted
To me its like it was created out of thin air with nothing "BACKING" its value.

 

no different than "real" currency.

 

 

Not anymore... US currency these days has an artificial value. You would run out of gold long before you spent every USD in circulation. Why? Because the US mint prints money that it cannot back. Yet it still has a value doesn't it?

 

Perceived value, just like your dollar.

 

http://www.memecreator.org/static/images/memes/2791433.jpg

 

Bitcoin was created out of thin air, and has nothing backing it's value.

 

The USD on the other hand, was not created out of thin air, and technically it has an entire government backing it.

 

The USD previously was on the gold standard, but as pointed out above was switched to a fiat currency (like any other first world currency)

 

If the USD goes to zero, you better be damn good at hunting or farming if you want to eat because you are talking about a total global economic collapse.

If bitcoin went to zero, that is precisely the same amount of fucks that the world's economy would give.... zero.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing
×
×
  • Create New...