Originally Posted by
sledge
Holy H-ell!
Guess the Bitcoin "Revolution" is dead!
Actually it isn't. The ISSUE is that the more bitcoins that were mined, the HARDER the next one will be...so those at 1st were EASY...now there are a TON in circulations (I also believe there was a limit to the total number that would be in existence....but don't quote on that). When the bitcoins were trading HIGH, it was worth mining, now that they have stabilized, it takes a F TON of electricity to run these HUGE rigs, basically, costs too much to do it on a large scale right now. You also had to have some specialized chipsets to do it efficiently (ASIC chips)....and alot of the ones being developed for mining, never lived up to the hype or got to market.
I don't know a ton on the subject, but that is what I do know.
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