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Calling all Bitcoin experts

Discussion in 'BlackHat Lounge' started by RushingWind, Apr 8, 2013.

  1. RushingWind

    RushingWind Elite Member

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    Hello guys. I downloaded the official software yesterday. But at the bottom it said 700,000 blocks remaining. Today morning it says 56,000 blocks remaining. What does this mean? Will I get 50 bitcoins once it comes to zero blocks remaining? Thanks for the help.
     
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  2. lancis

    lancis Elite Member

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    It uploads the contents of your HardDisk to the Internet, once the process is complete you'll get 50 bitcoins + VAT if the information on your HD was useful.
     
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  3. RushingWind

    RushingWind Elite Member

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    will i get the 50 bitcoins too only if the info was useful?
     
  4. ShadeDream

    ShadeDream Elite Member

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    He who laughs last, laughs longest.
    That's only if the info was useful. If it's more than useful, you'll even get 100 bitcoins.
     
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  5. lancis

    lancis Elite Member

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    Yep, they hash your files and check how unique they are. If you have unique large files - you get the payment.
    So before that process finishes try to download some new videos.
     
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  6. Orbit143

    Orbit143 Senior Member

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    Yeah, there is a whole division in CIA and FBI which deals with this stuff and evaluates the content.
     
  7. RushingWind

    RushingWind Elite Member

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    will i get the payment instantly? also what kind of videos do you recommend me to download? trailers?
     
  8. RushingWind

    RushingWind Elite Member

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    also is this different from bitcoin mining
    ?
     
  9. prab1996

    prab1996 Elite Member

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    removed
     
    Last edited: Apr 8, 2013
  10. Chris22

    Chris22 Regular Member

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    I've had zero blocks remaining for a week now, and have received about 1253 bitcoins. Safe to say I will be a millionaire soon!
     
  11. RushingWind

    RushingWind Elite Member

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    Pls don't tell me you're kidding!
     
  12. garrido

    garrido Supreme Member

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    I'm spinning videos to avoid duplicated content. I was installed the bitcoin software in 2 machines and I hope I will receive may payment this week.

    This is a real opportunity son.
     
  13. RushingWind

    RushingWind Elite Member

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    Guys pls don't keep trolling. This will cost me a lot of electricity if you r trolling
     
  14. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    Noob here, wht software guys?
     
  15. RushingWind

    RushingWind Elite Member

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    You a noob? Can't say a YouTube view script genius a noob.
    It's a soft from bitcoin org
    it's supposed to make you money.
    But I cant say if these guys are trolling or serious.
     
  16. ryanmercer

    ryanmercer Regular Member

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    They are trolling. It's quite difficult to regularly generate bitcoins.

    You get 50 bitcoins if you are the first person to succesfully add the next number to a 256-bit SHA-256 hash. It is very processor intensive and if you are just using your CPU forget about it, you'll have better luck winning the lottery. You need massive computational power to be able to be lucky enough to solve the next hash and actually be the person to get bitcoins.
     
  17. vikktor

    vikktor Registered Member

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  18. closedCaption

    closedCaption Regular Member

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    If you are mining on your own, stop it, its silly. Join pool, otherwise you will have 1% chance to see any money this time next year.

    Next, 56000 blocks remaining means nothing to you carry on.

    You will not get 50 BTC. Reward for successful solution was halved in December last year. Please, educate yourself before you bankrupt yourself with electricity costs.

     
  19. spacebrook

    spacebrook Newbie

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    Ya, it is not 50 bitcoins for the reward now, since it was halved in last year December, you will only get 25 bitcoins for the reward. Note that this is really hard to mine by yourself nowadays if you are using personal desktop or laptop. I suggest you join a mining pool where people use their combined hash power to mine the bitcoin, if the mining group is rewarded, it will be shared among the miners.
     
  20. thejake

    thejake Jr. VIP Jr. VIP Premium Member

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    Fun fact: the BTC Guild pool mined almost $200,000 worth of bitcoin yesterday.