21 Apr '13, 2am

New Bitcoin Mining Device Ships

April has been a wild month for Bitcoin . For those who follow this new virtual currency, you may have noticed how the value has been doing wild swings, from around $53 to over $200, back in the hundred of dollars within just a few days. Needless to say, those who invested in getting some Bitcoins early and managed to sell at the right time are making quite a lot of money. But Bitcoin is also a boon for inventors and innovators. What makes Bitcoin so great for many is how the currency itself works. Unlike traditional currencies, the increase in the amount of coins out there is based on hashing out algorithmic functions. As time goes by, the difficulty in these hashing functions goes up, which means there are less coins being introduced, until all new coin intakes stop all together sometimes in a few years. Until then however, there are people that have made it their missio...

Full article: http://inventorspot.com/articles/new_bitcoin_mining_devic...

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