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How to buy porn without sullying your bank statement: a guide to Bitcoin

The How-To Issue

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The alternative, then, is to join with your lesser-powered colleagues in a process known as “pool mining.” This combines your machine’s power with an array of other low-powered miners, Megazord style, in order to mine the data more efficiently. The downside to this method is that the profit is much lower per person, as each time the team strikes Bitcoins they are distributed to everyone involved (after the pool manager takes a fee) and the individual miner is left with very little to show for his machine’s work.

But realistically, if you’re just getting into Bitcoin mining now, it’s going to be more of a hobby than a real source of income, much like ruby mining in the mountains of Georgia and Tennessee is for tourists today.

More than anything, Bitcoin is an exercise in freedom – the freedom to buy and sell products online without the fear of being tracked by anybody. Bitcoin’s future is still very much in question – the governments of the world have not made any move to support or oppose this unregulated currency, although that could change at any time – but like any currency it will be the consumers who choose to use it (or not) that can make or break the new cash of the Internet age.

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