Calling all Bitcoin experts

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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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will i get the 50 bitcoins too only if the info was useful?
 
lancis said:
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.
Click to expand...

will i get the payment instantly? also what kind of videos do you recommend me to download? trailers?
 
also is this different from bitcoin mining
?
 
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!
 
Chris22 said:
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!
Click to expand...

Pls don't tell me you're kidding!
 
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.
 
Guys pls don't keep trolling. This will cost me a lot of electricity if you r trolling
 
PinguSpy said:
Noob here, wht software guys?
Click to expand...

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.
 
RushingWind said:
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.
Click to expand...

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.
 
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.

RushingWind said:
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.
Click to expand...
 
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.
 
Fun fact: the BTC Guild pool mined almost $200,000 worth of bitcoin yesterday.
 
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