Bitcoin Value Passes $1000 Mark


Bitcoin prices have been increasing at a dramatic pace – Just a week ago we posted an article when they hit $700 and then another when the price was at $800. Today though, Bitcoin hit a new milestone when it passed the $1000 mark hitting a high of $1073. Later in the day the value slightly dipped to $990 on the Mt. Gox Exchange, but even at $990 that is still insane.


This doesn’t mean you can make a killing with an AMD Radeon R290x. The rate at which Bitcoins are mined still isn’t worth the cost of the hardware and power consumption, that is unless you have ASIC hardware that can push 500,000 Mhash/sec. Then it would be worth it, but ASIC systems are extremely expensive.