[HH] Bitcoin mining hardware

[Kurt Keville]

Well, if it walks and talks like a pump & dump scheme ...

There are no math answers to give (as there are in, say, the GIMPS 
project)... this is just gratuitous CPU burdening for it's own sake. 
I have been to a couple of the Bitcoin Club meetings at MIT and I 
still don't get it... seems to me to be a currency musical chairs; 
you don't want to be holding this currency when the bottom drops out 
again...  there is another one this Friday if you are interested... I 
still go even though I still haven't figured out what the hubbub is all about.

At 10:33 AM 4/17/2013, Greg London wrote:

> >> Bitcoin has been all over the news this past week.
>
>I don't understand. It sounds like someone set up a
>company to trade in virtual money, and all I have to
>do to mint my own money is do some math?
>
>I do some math, show them the answer, and they... do what?
>They give me money? They act as a trader and take a
>commission off on anyone trading money?
>
>Can someone explain how this works at the transaction level?