I think this is a great idea, partly to help raise money for the server, and to

raise money for individuals as they help <object class="emojione" data="https://resources.enjin.com/1489581540/themes/core/images/emojione/svg/1f600.svg?0" type="image/svg+xml" standby=":d">:d</object>:D:D

If you dont know what bitcoin mining is, or you do, and are interested, post here!!!

I really wanna get a pool up and going, and would appreciate anyone willing to lend some gpu power <object class="emojione" data="https://resources.enjin.com/1489581540/themes/core/images/emojione/svg/1f600.svg?0" type="image/svg+xml" standby=":d">:d</object>:D:D

EDIT: Created a donate button so that willing users can donate cash, to have us gain more cash, if they aren't willing to use their computers( Or even if they are <object class="emojione" data="https://resources.enjin.com/1489581540/themes/core/images/emojione/svg/1f600.svg?0" type="image/svg+xml" standby=":d">:d</object>)

EDIT^2: Can't post the button on here XD

sooo heres a link:

Question, What is BitCoin Mining?

taken from: https://en.bitcoin.it/wiki/Category:Mining

Category:Mining

Reprinted from the How Bitcoin works page:

High Level Description

Mining bitcoins is the process of generating blocks for the block chain, which is a way of processing and verifying transactions. Adding a block to the block chain is difficult, requiring time and processing power to accomplish. So what incentive does anyone have to spend the effort to produce a block, if it takes up all these resources? The answer is that the person who manages to produce a block gets a reward. This reward is two-fold. First, the block producer gets a bounty of some number of bitcoins, which is agreed-upon by the network. (Currently this bounty is 50 bitcoins; this value will halve every 210,000 blocks.) Second, any transaction fees that may be present in the transactions included in the block, get claimed by the block producer.

This gives rise to the activity known as "bitcoin mining" - using processing power to try to produce a valid block, and as a result 'mine' some bitcoins. The network rules are such that the difficulty is adjusted to keep block production to approximately 1 block per 10 minutes. Thus, the more miners engage in the mining activity, the more difficult it becomes for each individual miner to produce a block. The higher the total difficulty, the harder it is for an attacker to overwrite the tip of the block chain with his own blocks (which enables him to double-spend his coins. See the weaknesses page for more details).

Besides being important for maintaining the transaction database, mining is also the mechanism by which bitcoins get created and distributed among the people in the bitcoin economy. The network rules are such that over the next hundred years, give or take a few decades, a total of 21 million bitcoins will be created. Rather than dropping money out of a helicopter, the bitcoins are awarded to those who contribute to the network by creating blocks in the block chain.

I think I'd participate. Still have this feeling that bitcoin is very very shady though...

Nah. Bitcoin was made by MIT students.

And is becoming a very valuable currency.

Although it is able to succumb to market fluctuations. for instance: 1 btc did = around $20 USD

but on the day of the stock market crash, it plummeted to $14 USD.

They're worth around 5.45 USD now, and constantly fluctuate up and down (We could trade them and make money that way as well, taking advantage of update times on worth on different websites.)

What the h*** is a Bitcoin?

I read this and went to the link. It's all mumbo jumbo techno crap that I don't understand.. :\

i dont really understand the process, but id be willing to help.

lol, It's a virtual Currency, that was created by MIT Students a few years back.

It can be traded on various Currency Trading Websites (such as mtgox.com)

This virtual currency can be sold for usd on one site, then transferred to another and the USD can be used to buy more for a little cheaper on another site, Rinse, Repeat, Make lots of money.

Sounds Interesting, But I have nothing to start this with.. :\

I'll post a tutorial here on the forums if we get enough people with good enough GPU's and CPU's.

Otherwise, it's all for naught, as it is a highly competitive hobby. haha.