Silk Road forums

Discussion => Security => Topic started by: ohsopoisonous on June 08, 2012, 11:10 pm

Title: New here - couple questions.
Post by: ohsopoisonous on June 08, 2012, 11:10 pm
I'm new to silkroad, and I am confused on a couple things..
How much is a bitcoin? Say - how much USD is 10 bitcoin? I am seeing things like talking about mining rigs and creating them and stuff but I am so newb and I don't understand anything.. Help a beginner SR member out?
Title: Re: New here - couple questions.
Post by: ohsopoisonous on June 08, 2012, 11:13 pm
Also - sorry if this is posted in wrong part of the forum. Still trying to find my way around.
Title: Re: New here - couple questions.
Post by: Zero Gravity on June 08, 2012, 11:16 pm
http://de.coinmill.com/BTC_USD.html
Title: Re: New here - couple questions.
Post by: vlad1m1r on June 08, 2012, 11:16 pm
Quote from: ohsopoisonous on June 08, 2012, 11:10 pm
I'm new to silkroad, and I am confused on a couple things..
How much is a bitcoin? Say - how much USD is 10 bitcoin? I am seeing things like talking about mining rigs and creating them and stuff but I am so newb and I don't understand anything.. Help a beginner SR member out?

Hi buddy,

Welcome to SR!

The rate of the Bitcoin varies from day to day (and indeed minute to minute) it seems to be stabilising a little in recent weeks. The best place to find out how many dollars there are to the Bitcoin is to go to MtGox.com  - I say this because the sellers on here peg their prices to the USD/Bitcoin rates as per this website. I see at the moment it's about $5.61.

I wouldn't worry about mining for now.

V.

Title: Re: New here - couple questions.
Post by: ohsopoisonous on June 08, 2012, 11:29 pm
xD WOW this stuff is expensive. How do you guys afford it?
Title: Re: New here - couple questions.
Post by: homersimpson on June 08, 2012, 11:38 pm
Anything is affordable in moderation :)

Besides most things are cheaper than a night drinking alcohol unless it's your find cocaine or something
Title: Re: New here - couple questions.
Post by: vlad1m1r on June 08, 2012, 11:38 pm
Quote from: ohsopoisonous on June 08, 2012, 11:29 pm
xD WOW this stuff is expensive. How do you guys afford it?

I should explain the Bitcoin is divisible - to six decimal places as memory serves?!

V.
Title: Re: New here - couple questions.
Post by: ohsopoisonous on June 08, 2012, 11:47 pm
Quote from: vlad1m1r on June 08, 2012, 11:38 pm
Quote from: ohsopoisonous on June 08, 2012, 11:29 pm
xD WOW this stuff is expensive. How do you guys afford it?

I should explain the Bitcoin is divisible - to six decimal places as memory serves?!

V.

I'm confused as to what you mean by that?
Title: Re: New here - couple questions.
Post by: vlad1m1r on June 08, 2012, 11:52 pm
Quote from: ohsopoisonous on June 08, 2012, 11:47 pm
Quote from: vlad1m1r on June 08, 2012, 11:38 pm
Quote from: ohsopoisonous on June 08, 2012, 11:29 pm
xD WOW this stuff is expensive. How do you guys afford it?

I should explain the Bitcoin is divisible - to six decimal places as memory serves?!

V.

Hi Ohsopoisonous,

What I mean is that it is possible for example to spend 0.01 Bitcoins - one Bitcoin can be divided into smaller amounts just as one dollar can be divided into cents.

V.



I'm confused as to what you mean by that?
Title: Re: New here - couple questions.
Post by: homersimpson on June 08, 2012, 11:56 pm
I think what he is saying is 9.68 bit coins would cost $54.3048

Where as 10 bitcoins would cost $56.10