News - Scan customers can now make purchases using Bitcoins

[HEXUS]

Quite a lot of PC hardware can be bought for a single coin, as 1BTC = £498 (today).

Read more.

[Butuz]

Wow I didn't expect that! Well done scan for being sector leading (in the UK)!!

Butuz

[RT-XD]

Now it's time to start mining! XD

[Myss_tree]

Innovative move though i am not ready yet to be paid in Bitcoins yet ;-)
Not that i would object to being paid the equivalent of 2 Bitcoins a week. :-)

[KrisWragg]

This is fantastic news, will definitely be making use of this when I build my next machine / upgrade my current one.

Kind of tempted with a 290 or 290X to upgrade from my 7950

[acluacs]

That's very cool scan, was wondering who the first would be.

[azrael-]

I still can't quite grasp the concept of Bitcoins. Somehow you're supposed to waste a lot of power on generating this virtual currency, which apparently you can now trade for real goods. It boggles the mind.

[CampGareth]

I still can't quite grasp the concept of Bitcoins. Somehow you're supposed to waste a lot of power on generating this virtual currency, which apparently you can now trade for real goods. It boggles the mind.

Think of it like gold, you waste loads of energy trying to find it and get it out of the ground, then what does it do? It sits there being useless (except for anti-corrosion purposes, and jewelry but whatever), its only value is that people want it because it does nothing and is hard to get out of the ground, and that's bitcoin in a nutshell

[Fraz]

Think of it like gold, you waste loads of energy trying to find it and get it out of the ground, then what does it do? It sits there being useless (except for anti-corrosion purposes, and jewelry but whatever), its only value is that people want it because it does nothing and is hard to get out of the ground, and that's bitcoin in a nutshell

It also explains, in a nutshell, why I think humanity is possibly the most ridiculous and stupid thing in the entire universe.

[Agent]

Somehow you're supposed to waste a lot of power on generating this virtual currency

The energy isn't wasted - the calculations done no the machines that 'generate' the coins also keep the network secure by validating the exchanges.
It's a very clever system.

[Percy1983]

Problem is without specialise hardware it will cost me more than £500 to mine a bit coin.

I do wish I setup mining when it started, there is a few stories of those who made millions mining on pentiums!

[Ttaskmaster]

It sounds cool and it's nice to see Scan leading the way... but I also hear stories of people's Bitcoins being nicked and stories of people spending more money on doing the mining than they make back. Plus if it were that good, a lot more people and corporations would be doing it, surely?

I'm just annoyed because I was in the market for a 7970 and they've suddenly leapt up in price

[davesom555]

Wow, this is big news! Awesome, way to go Scan.

[peterb]

Think of it like gold, you waste loads of energy trying to find it and get it out of the ground, then what does it do? It sits there being useless (except for anti-corrosion purposes, and jewelry but whatever), its only value is that people want it because it does nothing and is hard to get out of the ground, and that's bitcoin in a nutshell

It depends on the definition of "waste" - as all the energy consumed ends up as heat (the majority in the computer generating the coins) so you are heating up your immediate environment, so in theory that could reduce any other heating bill and generate a virtual if somewhat volatile currency.

Gold has value in terms of it's properties, corrosion resistance is one, electrical and thermal conductivity is another, and high malleability is another, making it vital for many industrial processes, including electronic component/device manufacture. It is also very shiny

[Saracen]

....

Gold has value in terms of it's properties, corrosion resistance is one, electrical and thermal conductivity is another, and high malleability is another, making it vital for many industrial processes, including electronic component/device manufacture. It is also very shiny

All right, but apart from the sanitation, medicine, education, wine, public order, irrigation, roads, the fresh water system and public health, what have the Romans ever done for us?

[jnutt]

All right, but apart from the sanitation, medicine, education, wine, public order, irrigation, roads, the fresh water system and public health, what have the romans ever done for us?

pmsl