For the past 10 years since Bitcoin was introduced to the world, people all around the globe have more or less got used to some classic model of cryptocurrency existence.
No matter how optimistic some might have been regarding Bitcoin’s growth in 2017, the market’s bull-run, throughout the year, took price to a yearly high that exceeded the most hopeful predictions.
During the past few weeks, bitcoin’s transaction fees have markedly increased and today, it typically costs around $20 to send a payment across bitcoin’s network.
The drama that accompanies this story is described as joys, sadness, and nervousness, but if it is true, Bitcoin closes 2017 with a price of more than $ 15,000! It is multiplied by 15 from the initial price of $ 997.
You lined up your racks, you aligned those miners, powered the risers and everything is buzzing nicely, hashing around and, most importantly, drawing power each and every second.