Thread: Bitcoin
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Old 28th February, 2016, 09:40 PM
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danrok danrok is offline
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Join Date: March 2003
Location: Great Britain
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Originally Posted by Daniel ~ View Post
it does sound like to much fun to completely ignore.

Is there an element of chance where the little guy might win a bit...(pun shamelessly intended?)
Ordinarily, you would mine as part of a pool. So you get a small fraction of every bitcoin found. Shares are based on how much a person contributed.

If you go solo, you could be mining for a very long time before you find 1 bitcoin currently worth over $400. You might get very lucky and mine one sooner rather than later.

But mining in a pool is by far the best way for small timers, because the costs and earnings are more easily predictable.
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