Friday, May 27, 2011


Hi, I have a wide variety of interests and hobbies but the topic of this blog is Bitcoins, and the "art" of mining them.

Bitcoins (BCN) are a new currency which is completely autonomous from any central authority and electronic in nature.  Currently, 1 BCN is worth $8.65, but this value is somewhat volatile and could change rapidly.

Mining bitcoins is a process in which an individual or group can run a software program which calculates hashes for the bitcoin community and occasionally creates new bitcoins.  This might seem like an easy way to make money for nothing, and in a way it is- but the hash computations are so complex and difficult that you need a very powerful video card to do so efficiently.  Additionally, the computations become more difficult on a weekly basis, so it can be hard to predict long term returns on invested hardware.

More details will follow.