Producing a single bitcoin now costs $4060 on average, but it is valued at less than $3500, according to an analysis by JPMorgan Chase… However, this will probably cause people to stop mining, making it easier and economically viable again.

Producing a single bitcoin now costs $  4060 on average, but it is valued at less than $  3500, according to an analysis by JPMorgan Chase... However, this will probably cause people to stop mining, making it easier and economically viable again. submitted by /u/Ta-me-Murchu
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Bitcoin – The Currency of the Internet

TIL that the FBI seized 144,000 bitcoins from Ross Ulbricht (silk road guy) in 2013 following his arrest and conviction. They were valued at close to $28.5million at the time of seizure. They’re now worth $1.9billion.

submitted by /u/HumbleHumanz
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Bitcoin – The Currency of the Internet