New Bitcoin and Gold Mining Parallels

CEX.io recently announced the temporary shutdown of their bitcoin mining services because at $320 per bitcoin, it is no longer profitable. Interestingly, the same happened to gold when prices dipped below $1,200.

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Mt. Gox is dead. Long live Bitcoin.

Bitcoin is a technological advancement that will live on regardless of Mt. Gox. And this technology is the beginning of a payment system revolution that will have profound social, economic, and cultural impact.

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