What would $1,000 in Bitcoins in 2010 be worth today?

In 2010, one Bitcoin was worth a mere $0.003, meaning if you had $1, you could buy about 333 Bitcoins.

If you had invested that $1 in Bitcoin, seven years ago, you would now be sitting on about $3,196,800, which means $1000 invested in Bitcoins in 2010 would now be worth nearly $3.2bn (at a price of $9,600 per Bitcoin as on 27 November).

First transactionThis man paid 10,000 Bitcoins for two...

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Website: https://www.newsbytesapp.com

Related topics : 1 bitcoin worth in 2010 / 1 bitcoin worth today / bitcoin price 1 year ago / 1 bitcoin worth 1 million / 1 bitcoin worth

Bitcoin price nearing $10K in watershed moment for ...

November 27, 2017 at 9:31 am

November 27, 2017 at 9:31 am

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Bitcoin, the most valuable among the rising market of cryptocurrencies, is flirting with a price of $10,000 this morning, an important milestone for what was once a fringe investment.

Bitcoin prices opened at $9,326 Monday morning, according to Coindesk , and the value...

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Website: https://www.geekwire.com

Related topics : bitcoin price 1 year ago / 1 bitcoin cash price / 1 bitcoin price / bitcoin price market cap / bitcoin price 2009 to 2017

Bitcoin Price Prediction 2020 - Worlds Digital Currency

Bitcoin Price Prediction 2020

But is that the end of it? Bitcoin wandered as far as $4,477 last week before reverting to $3,929.24, so naturally investors are unsure how to proceed. These are uncharted waters.Bitcoin Price Prediction 2020

It's tempting to sell Bitcoin and head for the exits, but what if the price continues to soar?

Therein lies the difficulty, dear reader. In investing, questions...

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Website: http://worldsdigitalcurrency.com

Bitcoin Value Surpasses Gold for First Time in Currency's ...

The price of one Bitcoin surpassed the price of an ounce of gold for the first time in history on Thursday, a milestone some investors said solidifies the currency as "digital gold."

By Thursday evening, the price of one Bitcoin was $1,271, according to CoinDesk's Bitcoin Price Index. Meanwhile, gold per ounce was priced at $1,235, according to Oklahoma-based precious metals retailer APMEX...

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Website: nbcnews.com

This Bitcoin Price Prediction Sees a 2016 Rise to $1,000

A Bitcoin price prediction of $1,000 by the end of 2016 might seem over the top -- except that the person making it is two-for-two in his previous predictions.

I'm talking about Vinny Lingham, a familiar name in the Bitcoin universe. He gained notoriety among cryptocurrency fans by founding mobile gift card app Gyft in 2012. Gyft allows customers to buy gift cards with Bitcoin.

Lingham left Gyft...

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Website: https://moneymorning.com

Bitcoin's Price Data In January 2016 | PYMNTS.com

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Bitcoin's 2016 is off to a solid start.

Bitcoin's price opened yesterday (Jan. 3) at�$433.59, which is right around its peak for last week. Bitcoin's price around a month ago was just above $363, but then the digital currency received a relatively solid boost following that. Bitcoin's December peak was on Dec. 15 when it hit $465.50.

While it's early to project what's in store for bitcoin...

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Website: pymnts.com

BTC Price: What Is the Bitcoin Price Prediction for 2017 ...

After years of volatility, the Bitcoin price forecast is finally on an upward trek through 2017 and beyond. In just five years, the Bitcoin price (BTC price) rose from a few cents to over $1,000, which should give you some sense as to how much money early investors made. But don't worry, our Bitcoin price prediction 2017 shows that there is still more room to the upside.

There is still a lot of...

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Website: http://www.indiabitcoin.com

BTC Price: What is the Bitcoin Price Prediction for 2017?

Home » Cryptocurrency » Bitcoin » BTC Price: What Is the Bitcoin Price Prediction for 2017?

https://www.profitconfidential.com/cryptocurrency/bitcoin/btc-price-bitcoin-price-prediction-2017/

BTC Price: What Is the Bitcoin Price Prediction for 2017? Profit Confidential Editorial Desk Profit Confidential 2017-01-24T11:56:50Z 2017-07-21 04:15:20 Bitcoin price prediction Bitcoin price Bitcoin...

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Website: https://www.profitconfidential.com

Why Litecoin is Massively Undervalued vs Bitcoin | Gold ...

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Why Litecoin is Massively Undervalued vs Bitcoin

With all of the chatter about Bitcoin forks, few people remember that Litecoin (LTC) was actually one of the first forks of Bitcoin (BTC). Unlike Segwit2x, it was not a hostile or contentious fork that sought to replace Bitcoin. It was an open-source fork with its own blockchain, launched during October of 2011 by Charlie Lee. Charlie...

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Website: https://goldstockbull.com

Bitcoin Skyrockets, Race to First Cryptocurrency ETF Heats ...

Trades from $3

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Bitcoin soared to a new high above $4,300 today, rising more than 28% over the past week. The digital currency has now more than quadrupled in value from around $997 at the start of the year. $1 invested in bitcoin seven years ago is now worth over $1.4 million .

Recent surge in bitcoin price resulted from strong investor demand from Japan as also...

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Date: 2017-12-19 22:26:12
Website: https://www.zacks.com

Bitcoin: Will Stunning Rally Sustain or Sour in 2018 ...

Bitcoin: Will Stunning Rally Sustain or Sour in 2018?

4 Dec 2017

Topics: FX , Equity Index , Metals

Our previous article on bitcoin focused on the crypto asset as a currency and delved into the inherent tension in its role as a medium of exchange and a store of value. This paper examines why bitcoin is so volatile; its supply and demand drivers, and how the cryptocurrency compares to...

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Website: cmegroup.com

Bitcoin ATM machines crash as price of cryptocurrency ...

The bitcoin ATM machine at Tiong Bahru Plaza was one of the two that stopped dispensing the cryptocurrency as the network could not keep up with demand. The other one that crashed was at Hong Lim Complex.ST PHOTO: DESMOND FOO

Published

As bitcoin surged past US$16,000 last week, the network could not keep up with the breathless demand.

Two ATM machines selling the cryptocurrency in Singapore...

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Date: 2018-01-11 21:11:35
Website: http://www.straitstimes.com

Bitcoin News, Cryptocurrency News, Updates & Analysis ...

Litecoin Soared Above $300 USD

by Steven Gleiser | Dec 12, 2017 | 0 Comments

Litecoin prices are sky rocketing. They tripled over the last 4 days, but now there are a few warnings out there about the possibility of a pull back. After prices rise investors are likely to take profits.

CBOE Bitcoin Futures Launch As Regulatory Warnings Arise

by Christian Olio | Dec 12, 2017 | 0 Comments

CBOE...

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Website: http://bitcoinchaser.com

WHERE TO BUY BITCOIN IN 2017: THE ... - CryptMarkets - Blog

WHERE TO BUY BITCOIN IN 2017: THE EASY GUIDE ON HOW TO BUY BITCOIN

Bitcoin is dominating the financial world breaking records every month throughout 2017.

Ever had a case where you wished you had bought something in the past that eventually went up significantly in value? Perhaps a plot in a low-value district which is now worth ten times more? Well, then you need to see how well Bitcoin...

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Website: https://www.cryptmarkets.com

Bitcoin Soars Towards $13,000 (Update: Make That $16,000)

30 Comments

Updated,�12/7/2017, 7:00am PT: Bitcoin's value continued it's upwards momentum yesterday and through the night. As of this update, the digital currency is now trading for more than $16,000 per coin. That's 25% more value than it was 24 hours ago.

Original, 12/6/2017, 10:30am PT:

The price of Bitcoin continues to rise at an incredible rate. Following Black Friday, the price of one...

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Website: http://www.tomshardware.com

Bitcoin valuation tops $7,000 as crackdown looms over ...

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Comparing different cryptocurrencies

Digital currency Bitcoin reached a new all-time high of $7,000 on Thursday as the cryptocurrency's valuation continues to climb after a more than tenfold increase in its worth over the past one year.

Bitcoin's value has more than doubled in the past seven weeks, and the digital currency is now on course for the fifth successive quarter of increases,...

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Website: http://www.ibtimes.co.in

Should You Buy Bitcoin? 3 Pros, 3 Cons | InvestorPlace

Should You Buy Bitcoin? 3 Pros, 3 Cons

Bitcoin is hot, and it's a hedge, but its value can collapse as fast as it rises

The hottest investment in the world today doesn't exist. It's bitcoin.

Source: Shutterstock

A bitcoin is basically an encryption key, kept in the ledger of a trader. Ownership of the encryption key entitles you to trade it for goods, services, or other types of cryptocurrency,...

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Website: https://investorplace.com

Bitcoin Soars Above $17,000, Fuelling Worries And A ...

News Alerts

Bitcoin Soars Above $17,000, Fuelling Worries And A Worldwide Frenzy

Many industry experts warn that the United States is not prepared for bitcoin's entry into the financial markets.

Business | © 2017 The Washington Post | Renae Merle, The Washington Post | Updated: December 08, 2017 08:19 IST

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Bitcoin has gone up more than 40 percent this week alone

Highlights

Bitcoin...

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Date: 2018-01-11 22:48:07
Website: https://www.ndtv.com

Bitcoin: How to get it in on the action with your mobile ...

Bitcoin's a big deal these days, and not just for arms dealers. Here's how you can get in on the action using your Android

Bitcoin is all the rage right now. It seems you can't go a day without seeing a Bitcoin article splashed all over the tech press--and, increasingly, the national papers. And that's not a surprise as Bitcoin seems to be the first digital currency that may stick around, and...

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Website: http://www.knowyourmobile.com

Bitcoin Price: 5 reasons why you should not get swayed by ...

5 reasons why you should not get swayed by bitcoin's sky-high returns

By

Updated: Dec 01, 2017, 02.05 PM IST

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Forget the risk of volatility, as it is inherent to most investments, you have more reasons why should stay away from cryptocurrencies.

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How to ride the bitcoin rally in India

'Is my capital or/and returns safe, can I liquidate my holdings during a crisis, and will I make...

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Date: 2017-12-30 01:26:04
Website: https://economictimes.indiatimes.com

7 reasons to HODL Bitcoin – Hacker Noon

Follower of Jesus, Libertarian, Ron Paulian, future thinker, referral competition winner.

Dec 11, 2017

7 reasons to HODL�Bitcoin

HODL is crypto jargon for "Hold On for Dear�Life"

"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant�... there will be no reason to have the fiat currencies"-- Tim Draper , billionaire...

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Website: https://hackernoon.com

The $80 billion question: Why are Bitcoin and Ethereum ...

A little over two months ago, Bitcoin achieved a symbolic milestone: After an intensive period of growth, the price of one Bitcoin surpassed the price of an ounce of gold . 

That seems like ancient history. The price of Bitcoin has nearly doubled since then and the cryptocurrency is currently trading at about $2,200. Bitcoin's cousin Ethereum is trading at about $180, its price increasing by a...

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Website: http://mashable.com

Bitcoin price surge: Laziness cost me $200,000 - news.com.au

Image

WTF is Bitcoin?1:18

Bitcoin is an online currency created from computer code, but how does it work and why do people use it?

November 30th 2017

a month ago

/display/newscorpaustralia.com/Web/NewsNetwork/Technology - syndicated/

While he was clearly in a rush typing the word 'Melbourne', Jason's laziness in not following through with this question cost him a lot of money.Source:Supplied

MY...

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Website: http://www.news.com.au

Munro's | Taxation of Bitcoin in Australia

Bitcoin is off to the moon and many people are sitting on some handsome profits. How do I know this? Well just three months ago I wrote on Acquiring Bitcoin and on that day the price of Bitcoin was $2,000. This week the price has broken $5,000 for the first time. Amazing! I wonder what the price is now at the time you are reading this?

So you may be curious to know how profits on bitcoin are...

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Website: https://www.munros.com.au

Related topics : bitcoin price 1 year ago / bitcoin buy price and sell price / bitcoin sell price / buy sell bitcoin free / 1 bitcoin price

Steam ends support for Bitcoin due to high fees ...

Valve has stopped accepting bitcoin for Steam purchases, the game developer said Wednesday, citing the cryptocurrency's high fees and volatility as the impetus behind the move.

Along with bitcoin's skyrocketing valuation, transaction fees charged to customers have also risen dramatically, from the 20 cents when the company enabled bitcoin support two years ago to $20 last week, Valve said in a...

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Date: 2017-12-30 09:29:42
Website: https://www.cnet.com

Related topics : bitcoin transactions fee / bitcoin price 1 year ago / bitcoin value one year ago / bitcoin transactions time / bitcoin cost per transaction

Bitcoin In 2014 - The 3 Critical Factors | Zero Hedge

Jan 24, 2014 9:24 PM

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In the last year Bitcoin has gone 'viral'. As ConvergEx's Nick Colas notes, a lot has happened in 2013: Price appreciation, yes, from $20 to +$800 - the result of this online "Currency" going from science project to mainstream topic.� Volatility too - disruptive technologies seldom travel a level path. The story, Colas notes, is about to change, and there are three...

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Date: 2017-12-20 05:12:09
Website: zerohedge.com

Bitcoin Will Reach $1 Million Per Coin, Says Social ...

As bitcoin mania continues to grow, Cboe Global Markets Inc (NASDAQ: CBOE )'s website crashed after the digital currency began trading on the futures exchange over the weekend.

The Experts

Social Capital's Chamath Palihapitiya and Bill Baruch, senior market strategist at iiTRADER.

Palihapitiya: Path To $1 Million

Palihapitiya , an early bitcoin investor, thinks the price of the digital currency...

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Date: 2018-01-11 16:18:34
Website: https://www.benzinga.com

Related topics : bitcoin price 1 year ago / 1 bitcoin worth 1 million / bitcoin 1 million / 1 bitcoin price history / bitcoin digital currency price

Bitcoin value crashes below cost of production as broader ...

The value of Bitcoins has dropped dramatically since June 2011 when they peaked at $33: now they are between $1 and $2. (Black line: closing price on MTGox Exchange. Red and green lines: volumes.)

The value of Bitcoins, the "cryptocurrency" that some had thought would take over from more traditional currencies , has plummeted across exchanges - to a level where it costs more to "mine" them than...

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Date: 2016-03-08 19:26:13
Website: https://www.theguardian.com

3 Predictions of Bitcoin's Price in 2020 -- and Why They'll ...

Several respected financial-industry experts have made projections about the future value of bitcoin (BTC/USD), and they have literally ranged from $0 to $1,000,000 .

Continue Reading Below

While there's no way of knowing what will happen with bitcoin over the next few years, it can certainly be fun to speculate. With that in mind, while I don't want to commit to a specific price prediction, here...

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Website: http://www.foxbusiness.com

What is Bitcoin? What Are Bitcoin Futures? How to Mine ...

Bitcoin now out-values gold many times over. We explain what is Bitcoin and how you can earn the virtual currency on your PC or laptop.

We explain how you can use your PC or laptop to generate bitcoins, and whether you'll ever get rich in doing so

By Jim Martin

| 04 Dec 2017

Bitcoin is wildly confusing . And here's the bad news: the fact you're reading this now means you're late to the game, and...

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Date: 2017-12-20 01:48:00
Website: https://www.techadvisor.co.uk

3 Triggers That Will Make Bitcoin Price Go Up In 2017 ...

https://www.alexfortin.com/freepdf

This video is about the 3 fundamtental triggers that will make the price of bitcoin go up in 2017

There is a few fundamental things that will affect the price of bitcoin in the near future. Those are:

1. The next Recession. We don't know exactly when it will happen but we know it will. We have had recession cycles since 1913(federal reserve creation) Within the next 3 years I expect a full expect a recession.

2. The halving of the block...

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Website: youtube.com

Related topics : bitcoin price 1 year ago / price of 1 bitcoin today / bitcoin price today / bitcoin price exchange / new bitcoin miner

Top 3 Ethereum Project Price Predictions for 2018 ...

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Top 3 Ethereum Project Price Predictions for 2018

(Updated December 14, 2017) During the past couple of years, cryptocurrencies have garnered the attention of every investor, especially after the meteoric rise of currencies like Bitcoin and the Ether. For example, in December 2015, a single Bitcoin was worth somewhere around $440, while the same Bitcoin was worth $2600 when I first...

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Website: https://investingpr.com

Bitcoin Value Plummets Following BTC China Shutdown ...

The price of bitcoin took a significant dive Thursday morning following the announcement of a major Hong Kong-based cryptocurrency exchange. BTC China said it would close its doors on September 30, citing new rules from Chinese regulators.

2017 has so far been a whirlwind year for cryptocurrencies. Earlier this this year, Ethereum gained international notoriety following a runaway increase in...

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Website: http://www.tomshardware.com

Related topics : bitcoin value one year ago / btc exchange china / btc china bitcoin price / bitcoin price 1 year ago / bitcoin one year ago

How To Buy Bitcoins: Is ‘Digital Gold’ Worth The Investment?

By Lauren Lyons Cole @LaurenLyonsCole On

04/08/16 AT 12:10 PM

A mock Bitcoin is displayed on a table in an illustration picture taken in Berlin, Jan. 7, 2014. Photo: Pawel Kopczynski/Reuters

Bitstamp has become the first bitcoin exchange to be granted a national license allowing it to operate as a fully regulated payment institution. Above, bitcoins appear in a photograph taken in 2014. Photo:...

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Date: 2017-12-20 02:10:55
Website: http://www.ibtimes.com

How to invest in Bitcoin - Alex Fortin

How to Invest In Bitcoin

It's never too late to invest in Bitcoin no matter what is the Bitcoin price.

The number one rule to follow is to do dollar cost averaging�when buying Bitcoin. You'll�spread your Bitcoin investment�overtime and ensure you don't overpay for them. Bellow�are�the 4 best ways�to invest.

1.Buy Bitcoin on an exchange

You can buy bitcoin on an exchange and just store...

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Website: https://www.alexfortin.com

North Korea is hacking bitcoin exchanges as currency value ...

What is Bitcoin?

Bitcoin, a digital currency, was created in 2008. Shares of Bitcoin are sold on internet exchanges where users remain anonymous. As the value of the cryptocurrency continues to hit record highs, here's how it works.

As bitcoin's value continues to surge, North Korean hackers are taking advantage by targeting exchanges to gain financial profit, experts said on Friday as sanctions...

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Website: http://www.foxnews.com

Is the New Bitcoin ETF a Good Investment?

The Securities and Exchange Commission denied approval of the Winklevoss Bitcoin Trust ETF, an exchange-traded fund that would track the value of digital currency bitcoin. Friday's highly anticipated decision came nearly four years - and a dozen amendments - after the fund was first proposed and delayed indefinitely making gaining access to the currency as easy as logging into your online...

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Website: https://www.kiplinger.com

Bitcoin Bubble Watch: Currency Passes US$16,000, And The ...

The value of bitcoin, the digital currency that you probably just recently heard about, shot through the US$16,000 mark on Thursday. To put this in context: The currency broke through the $1,000 mark in February of this year.

If you've only recently come across it, bitcoin is a decentralized digital currency -- there are no physical bitcoins, only ledgers stored in the cloud. No government...

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Website: http://www.huffingtonpost.ca

Related topics : bitcoin digital currency exchange / bitcoin digital currency price / using bitcoin for currency exchange / digital currency bitcoin rate / bitcoin digital currency

Bitcoin Maintains Market Share After Digital Currency Split

Bitcoin Maintains Market Share After Digital Currency Split

Published

// -- Discuss and ask questions in our community on Workplace .

Bitcoin Prices Survive Hard Fork

After reaching $2,900.00 on the day of the fork, bitcoin prices have stabilized north of $2,700.00. The BTC/USD traded within a $23 range on Thursday, retaining a market cap of roughly $45.2 billion.

The digital currency's technical...

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Website: https://hacked.com

Experts predict bitcoin price to multiply by x1000 ...

3 Comments

Bitcoin�is a digital currency created in 2009. It follows the ideas set out in a white paper�by the mysterious Satoshi�Nakamoto, whose true identity has yet to be verified.�Bitcoin�offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies.

On the graph above I...

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Website: http://bitcoininvestmentplan.weebly.com

Bitcoin mining likely uses more energy than it takes to ...

Map: Australia

The recent upsurge in the price of Bitcoin seems to have finally awakened the world to the massively destructive environmental consequences of this bubble.

These consequences were pointed out as long ago as 2013 by Australian sustainability analyst and entrepreneur Guy Lane, executive director of the Long Future Foundation .

In recent months, the Bitcoin bubble has got massively...

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Date: 2018-01-11 22:43:39
Website: http://www.abc.net.au

What Is the Digital Currency Bitcoin? - VOA

It's worth more than an ounce of gold right now, it's completely digital and it's the currency of choice for the cyberattackers who crippled computer networks around the world in recent days.

When the attackers' "ransomware" sprang into action, it held victims hostage by encrypting their data and demanding they send payments in bitcoins to regain access to their computers. Bitcoin has a fuzzy...

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Website: https://www.voanews.com

Analyzing Ethereum, Bitcoin, and 1200+ other ...

Analyzing Ethereum, Bitcoin, and 1200+ other Cryptocurrencies using PostgreSQL

Cryptocurrencies are fueling a modern day gold rush. Can data help us better understand this evolving market?

Update: Thank you everyone for making this #1 on Hacker News!

Read the HN discussion here .

Lately it seems like money has been growing on trees.

With trade volumes reaching billions of dollars a day and market...

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Website: https://blog.timescale.com

Bitcoin Mining Hardware Review 2016: Honest Opinion and ...

Bitcoin Mining Hardware Review 2016: Honest Opinion and Comparison

Posted on

03

Aug

Bitcoin mining hardware is�evolving dramatically. This recommendation may become outdated any time. We will do our best to keep it updated.

Long time ago, the�central processing unit (CPU) was the main tool for Bitcoin mining. The number of miners as well as difficulty increased over the time. As a result CPU...

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Website: http://bitcoinref.com

Related topics : new bitcoin mining hardware 2016 / bitcoin mining hardware 2016 / bitcoin mining hardware asic usb / bitcoin mining hardware asic / best cheap bitcoin mining hardware

Trading Bitcoin | How to Trade Bitcoin

Buying Bitcoin

Trading Bitcoin comes with statuary warning, sometimes from one's own instincts -- and sometimes -- from the governments' empathetically written circulars. The digital gold has indeed swept a large section of global traders and investors towards its mouth-watering -- and risky -- volatility. And as with any speculative market, Bitcoin has its shares of ills when it comes to...

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Website: newsbtc.com

Winklevoss twins are among small group of bitcoin ...

By Paul Hill Neowin LLC ·

Dec 3, 2017

· Hot! with 36 comments

With bitcoin reaching $10,000 in the past few days it looks like we've got some of our first bitcoin billionaires. Brothers Winklevoss, Cameron and Tyler, are now likely to be bitcoin billionaires after they made an $11 million bet on the cryptocurrency several years ago.

While it's not clear how many bitcoins the brothers have altogether, estimates put the stash at around 100,000 BTC, which is worth more than a billion dollars worth. The pair, famous for their spat with Mark Zuckerberg as...

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Website: https://www.neowin.net

Related topics : bitcoin price 1 year ago / what does bitcoin look like / 1 bitcoin price prediction / online bitcoin exchange / get 1 bitcoin per day

Despite RBI warning, 2,500 Indians investing in Bitcoins ...

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Despite RBI warning, 2,500 Indians investing in Bitcoins daily. Here is all you should know about its usage & dangers

Agencies|

Updated: May 17, 2017, 08.13 PM IST

0Comments

Bitcoin is a digital currency that allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties.

MUMBAI: Despite the Reserve Bank's call...

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Date: 2017-12-30 03:42:01
Website: https://economictimes.indiatimes.com

Andy Kessler: WSJ: The Bitcoin Valuation Bubble

https://www.wsj.com/articles/the-bitcoin-valuation-bubble-1503868225

The price of a Bitcoin broke $4,000 this month. It's up 400% in 2017, and only two years ago it stood at around $230. With 16.5 million Bitcoins in "circulation," and the potential for 4.5 million more, the market value of Bitcoin is now a whopping� $72 billion . Sister currency Ethereum is worth another $32 billion.

Early...

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Website: http://www.andykessler.com

5 things to know about bitcoin - ABC News

Bitcoin has been on a volatile roller coaster this past week. The cryptocurrency hit an all-time high of $11,395 on Nov. 29 before losing over one-fifth of its value, dropping as low as $9,000 at one point on Nov. 30.

Despite the drop, bitcoin is still up over 900 percent year-to-date. So what exactly is bitcoin and how is it being used?

Here are five things to know about bitcoin:

1. Bitcoin is a...

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Website: http://abcnews.go.com

Bitcoin consumes a ton of energy, but it's not as bad as ...

By Stan Schroeder

2017-12-01 16:14:31 UTC

Bitcoin mining consumes a lot of energy. Every once in a while, someone compares this to another random metric -- say, the energy consumption of Ireland -- and it induces a collective gasp. How can this thing be sustainable?

Well, it probably isn't. But, long-term, it might not be that big of a deal.

SEE ALSO: Bitcoin's little brother Ethereum is at an...

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Website: http://mashable.com

Related topics : bitcoin cost per transaction / bitcoin transactions time / bitcoin transactions per day / bitcoin transactions by country / bitcoin transactions per second