11-18-2018, 01:58 PM
@sagher
When he cashed his coins price was around 6000 usd per coin I think. This was like year ago I don't remember exactly when. But I know He got more than a half a million from those coins. I was happy for him since that was the ticket to sort out all of his financial problems and kicking my self for not mining few coins when he used to pestering me about it. lol
@rudra
in 2013 FBI raid the infamous online drug market Silk Road. They grabbed 144,336 bitcoins from that which later sold for nearly 50 million usd those days. FBI should had kept those coins for several more years. Plus countries like North Korea and Iran use these Cryptocurrency quite heavily. Intelligence Agencies around the world use these coins too for their operations. So im pretty sure CIA has their own stash of BitCoins. loll
Today I don't think mining is worth for average user. You need ultra powerful processors and these machines need cheap electricity if you need to make any profits. Even this take at least a year to cover the costs before start seeing any profit. in 2008 a coin valued lot less than a dollar so could mine a bitcoin within days or weeks. It was not taken as enough even those days. Mining is not easy reason of these coins popularity. Today the only way to make a profit is carefully investing on them. It's pretty much like Stock Market or Currency Market. Someone looses and Someone gains.
When he cashed his coins price was around 6000 usd per coin I think. This was like year ago I don't remember exactly when. But I know He got more than a half a million from those coins. I was happy for him since that was the ticket to sort out all of his financial problems and kicking my self for not mining few coins when he used to pestering me about it. lol
@rudra
in 2013 FBI raid the infamous online drug market Silk Road. They grabbed 144,336 bitcoins from that which later sold for nearly 50 million usd those days. FBI should had kept those coins for several more years. Plus countries like North Korea and Iran use these Cryptocurrency quite heavily. Intelligence Agencies around the world use these coins too for their operations. So im pretty sure CIA has their own stash of BitCoins. loll
Today I don't think mining is worth for average user. You need ultra powerful processors and these machines need cheap electricity if you need to make any profits. Even this take at least a year to cover the costs before start seeing any profit. in 2008 a coin valued lot less than a dollar so could mine a bitcoin within days or weeks. It was not taken as enough even those days. Mining is not easy reason of these coins popularity. Today the only way to make a profit is carefully investing on them. It's pretty much like Stock Market or Currency Market. Someone looses and Someone gains.