Bitcoin mining, it's all the craze! Everyone's doing it! If not, everyone's talking about. And so I decided to chime in a bit [no pun intended]. It's been too long my friends! Let the hashing begin [pun intended].
Correction! Bitcoins have been around for a while now. Some sources say 2008 - 2009. I say early 90's. None of that is really important when you consider the amount of money that's being coined [I just can't stop] at the present value of nearly $400 USD/BTC. Why bring up dates pointlessly? Because there is a point. In April of this year, the Winklevoss brothers bought $11M USD in Bitcoins. Now worth a whole lot more of course but yes April was supportive. Recently, a group purchased 5,000 BTC ($1M USD) worth of high-end bitcoin mining equipment/computers). Oh yeah, the market supports it.
What drives the market? What makes the price go up? Why has there been such a drastic increase in proposed value? And finally, will it continue?