30 Apr '13, 2pm

One Bitcoin by the numbers: Is there still profit to be made?

I remember when they were like a few bucks each, and that was already way ahead in time when bitcoins were getting popular, I mined a few not because I thought I could get rich, but more because I reasoned it was the cheapest way to heat a room =P Since I had the gamerig already anyway. I didn’t do it much, until I had about 3 bitcoins, but lately when it rose up and then ‘crashed’ (well more like, fluctuated so fast because people traded like mad to get money out of it, causing mtgox to fall over because it was already being DDoS’d), I finally managed to make some money out of it, cashed out about 40 euros, then bought some stuff with bitcoins (The mtgox merchant app is amazing! As simple as paypal!), and I still have about 1.5 left. Considering I only ever really ran a miner for a few weeks that was totally worth it. But more interesting is that I’ve learned that bitcoin...

Full article: http://www.extremetech.com/computing/154456-one-bitcoin-b...

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