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BitCoin Blocks
Aug
30
2011
I’ve been reading recently about BitCoins. Geeks putting together groups of large rig computers to process or mine BitCoins.
Is anyone making any money at this? It seems like a rather risky investment in time and resources.
What I don’t understand, is they are suppose to work in a series of blocks. As I understand it, the Blocks are like a bank statement showing what you have and what you have already spent and when and with whom.
Do I understand it correctly? Can someone with some experience help me understand it better?
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