Wednesday 15 May 2013

Bitcoin Price

Bitcoin difficulty is now at an astronomical 11187257, it is basically useless to use GPU to mine it anymore even though the prices had gone up about 20 fold to $120.   Those who are still mining are using ASICs more or less.  One of the popular ones being from Butterfly Labs.   I remembered when Butterfly Labs first made their claims on the Bitcoin Forums, they were created with skepticism.   No one really believe that they can achieved.   They did miss some figures but overall, they are doing extremely well. 

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