How to Mine Bitcoin (and Other Cryptocurrency) Explained

Why I believe we're on the cusp of the 3rd great Bitcoin bubble

We've recovered from the last crash
You might think it's a bit early (based on the time frame for the last recovery), but things are looking a lot different than in 2011. I would suggest its because the last bubble popped prematurely due to Mt. Gox's failure of a trading engine.
Interest in buying Bitcoins has gone up to its highest point since the last bubble.
There's a similar spike in general interest. Partly helped along by the Silk Road news.
The network is being used at the same rate as during the last bubble.
The Bitcoin ATM story (see below) is causing Bitcoin to trend in Canada on Google (was #1 for a bit). The $27 story (see below) will almost certainly cause a large spike worldwide in Google trends once they're updated up to yesterday.
Lots and lots of new businesses now accept Bitcoins
One legitimate criticism of Bitcoin last year was the lack of places to spend them. We basically just had Alpaca Socks, Reddit and Wordpress, we've grown a lot since then!
Charities and others are taking donations
The first Bitcoin I ever spent was to donate to Wikileaks. More and more places are setting up Bitcoin donation buttons, because why not?
The $27 story is going massively viral
I think the attention this story is getting took a lot of us by surprise. We're thinking "of course if you bought Bitcoins in 2009 you're rich" and it didn't make much of a splash. But to the rest of the world it's a very novel and interesting story.
The first Bitcoin ATM has been installed
Easier way for people acquire Bitcoins with cash. Lots of free publicity. More machines are on their way and will generate more and more news.
Institutional money is coming
Afraid with the price at $200 that it will be hard to find enough moms and pops to keep money coming in faster than miners are selling? Don't be, there are individuals out there with a net worth higher than the entire Bitcoin ecosystem.
Interesting new developments
Cool things that didn't exist before the last bubble (as far as I remember).
Governments are explicitly saying it's not illegal
More and more governments are either saying Bitcoins are legitimate currency, or releasing guidelines for exchanges to comply with anti-money-laundering laws.
New generation of exchanges
Mt. Gox's terrible trading engine was a huge factor in the last crash. They couldn't keep up with all the new interest.
This time around there are more exchanges in more countries, and not a single point of liquidity.
submitted by DTanner to Bitcoin [link] [comments]

One bitcoin is worth more than US$10,000 Top 5 Bitcoin Success stories Norway Man bought Cryptocurrency Bitcoins $27 in 2009 Near 1Milion Return 2013 挪威男子09年買入比特幣13年獲近百萬美金 Millonarios del Bitcoin - COINSPACE 10 Things You Didn't Know About Bitcoin

According to Norwegian news outlet NRK, Kristoffer Koch decided -- on a whim -- to invest 150 kroner (about $26) in 5,000 bitcoins in 2009, soon after the Bitcoin network first came into existence.Koch is said to have discovered the virtual currency while writing a thesis on encryption and decided to put down a small investment out of sheer curiosity. According to Norwegian news outlet NRK, Kristoffer Koch decided — on a whim — to invest 150 kroner (about $26) in 5,000 bitcoins in 2009, soon after the Bitcoin network first came into existence. Koch is said to have discovered the virtual currency while writing a thesis on encryption and decided to put down a small investment out of sheer curiosity. Unaware of just how successful bitcoins ... Norwegian student Kristoffer Koch buys $27 in bitcoin in 2009, now he owns an apartment. Under: News. FOUR years ago Norwegian student Kristoffer Koch spent 150 kroner ($26.60) on a little-known internet currency called bitcoin. It was 2009 and he was working on his thesis about encryption when he came across the mysterious currency. He bought some for fun, then forgot about it. Fast-forward ... Bitcoin, the world’s first successful cryptocurrency, is based completely in the digital world – there are no banknotes or coins involved, simply numbers on the screen and money more numbers behind the scenes. Many people see this as the future of currency, which has seen more than a billion dollars invested in Bitcoin-related businesses and much more spent on Bitcoin purchases – to ... Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about them until widespread ...

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One bitcoin is worth more than US$10,000

Kristoffer Koch aus Norwegen hat bestimmt seinen Augen zunächst nicht getraut, als er sich den Wert seiner Bitcoins im April 2013 angesehen hatte. Eine Berichterstattung über die anonyme ... A man named Kristoffer Koch invested US$26.60 in 5,000 bitcoins in 2009. At today's value, his bitcoins would be worth a total of US$51,920,000. That's RM213,183,520. One bitcoin is now worth more ... El noruego Kristoffer Koch compró en 2009 cinco mil de estas monedas virtuales como un experimento para su tesis doctoral. El jóven invirtió su dinero en un apartamento que compró en la zona ... In fact, back in 2009, a man named Kristoffer Koch bought 5,000 Bitcoin for $27...that’s just over half a cent per Bitcoin! At the all-time high rate of $6,300 per Bitcoin, his 5,000 Bitcoin ... 18- year-old Erik Finman made his own rules when he invested in Bitcoin and left high school to start his own business

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