13 Oct '17, 2am

Bitcoin Explodes To $5600 - Up 30% Since The End Of China's Golden Week Holiday

8bn USD current value). hile initial mining requires a negligible effort, the bene ts for subsequent participants start diminishing. Mining becomes progressively more dif cult, and eventually unpro table, marking the likely end of a scheme. A way around this Pyramid schemes is to bypass the original chain and start a new one of your own. The cryptocurrency analogy would be to start a new coin if it is more pro table than mining the existing one. This can work as long as there are enough willing and uninformed buyers.

Full article: http://www.zerohedge.com/news/2017-10-12/bitcoin-explodes...

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