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RE: Bitconnect Bitcoin Segwit Update -- [News]

in #bitcoin7 years ago

@cardboard, they aren't mining BTC. And if you decide to get BitconnecCoin, it is called 'Minting' because they do PoS and not PoW like bitcoin unless you buy the BCC coin, then you are just trading/investing. You can hold your BCC coin in your own wallet, leave on Bitconnect wallet or exchange for BTC or loan it back to Bitconnect and their trading software bot. That is what they are doing or it could all be ONE GIANT PONZI SCHEME. Who knows.

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You are correct, they do not mine BTC..but you can mine BCC its a scrypt based coin. You can mine it with a GPU, but I dont recommend that, since that is not a profitable way of mining, use an ASIC machine, the results will be better.. I posted up a blog about how I went about it, and how I came to invest into it. ..Hope you find it helpful..cheers!

https://steemit.com/bitconnect/@ian4221/yep-i-did-it-taking-the-plunge-into-bitconnect