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To: deadrock
The exchanges get them from people who create accounts and deposit coins to later be traded or sold. Like all exchanges, they take a cut of all trades.

Think of hashes as encrypted stings that get "cracked/processed" to find bitcoins. A Pentium 7 processor should be capable of doing about 50 mega hashes a second. At the current difficulty, it would take it 46 years running 24/7 to find one bitcoin.

29 posted on 10/25/2013 9:38:57 PM PDT by Errant
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To: Errant
Thanks for your patience - last question - who hides the bitcoins in the strings so they can be mined?
30 posted on 10/25/2013 9:48:45 PM PDT by deadrock (I am someone else.)
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