I don't think they do take a cut every time it changes hands
I think you are right, but I couldn't find where I'd read it.
I hear the value of Bitcoins is up over last month... gotta wonder how cost effective mining them is.
camaro
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It's not. The electricity costs, even in the US, are more than the produced coins are worth. They were worth about $30 or more 6 months a so or go, then took a dive to about $3 once people realised they were only really useful to buy drugs semi-anonymously (google "The Silk Road").
Loadsa speculators just bought them outright without mining them, and lost all their savings...
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Hairyloon
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It's not. The electricity costs, even in the US, are more than the produced coins are worth. |
OTOH, if you are generating surplus electricity and don't have an export meter, then you might as well do something with it.
Quote: |
They were worth about $30 or more 6 months a so or go, then took a dive to about $3 once people realised they were only really useful to buy drugs semi-anonymously (google "The Silk Road").
Loadsa speculators just bought them outright without mining them, and lost all their savings... |
I heard they were creeping back up. And there seemed to be quite a few things on their website that you can supposedly buy.
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