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Does anyone here use Bitcoins?

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wraith808:
I really want to get into BC... but I don't even know where to start with it doing this mess.-wraith808 (November 04, 2015, 02:49 PM)
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I read somewhere recently-ish that it was practically impossible (for the average person) to earn more money through mining than the cost of the power expended to run the mining hardware. But that may have been before the even-more-recent-ish rally that BTC has had.

I, too, am interested in getting into BTC, but I have no idea how to create a wallet. And I lack basic knowledge about BTC, such as if it's even possible to have a wallet without mining.
-Deozaan (November 05, 2015, 07:17 PM)
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Yes, you can have a wallet without mining.  And you can get into BTC from the exchanges or from other people.  My problem is more not knowing where to jump in.

https://bitcoin.org/en/getting-started

http://bitcoinsimplified.org/get-started/how-to-set-up-a-wallet/

Deozaan:
Some random thoughts: I watched the videos and heard people mention their computer blowing up and losing 1,000s of bitcoins. Are they lost and gone forever? How does that affect BTC overall since there's a maximum of 21 million of them, or whatever the limit is. What if everybody lost their bitcoin wallet? We'd all have a 21 million bitcoin blockchain but nobody would have access to the currency?  :huh:

Yes, you can have a wallet without mining.  And you can get into BTC from the exchanges or from other people.  My problem is more not knowing where to jump in.

https://bitcoin.org/en/getting-started

http://bitcoinsimplified.org/get-started/how-to-set-up-a-wallet/-wraith808 (November 05, 2015, 11:40 PM)
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Thanks for these links. Time for some reading. :)

Deozaan:
Well, now I have a bitcoin wallet. Too bad I don't have anything to do with it. :)

Renegade:
Well, now I have a bitcoin wallet. Too bad I don't have anything to do with it. :)
-Deozaan (November 06, 2015, 02:46 AM)
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PM me your address.

Deozaan:
PM me your address.-Renegade (November 07, 2015, 03:23 AM)
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Done.

Also, the initial sync was brutal. Over 50GB of blockchain data. If I had known then what I know now, I'd have chosen a different, "lightweight" bitcoin wallet software.

You live and you learn. 8)

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