Bitcoin - 50 Insane Facts That Will Leave You Speechless

At the time I am writing this, one bitcoin is worth $442.05 (Source: CoinDesk) and is as popular as ever. Since the launch of Bitcoin, an invention by Satoshi Nakamoto, back in 2008, the digital currency has become a popular online currency that has had as many ups as it has had downs. However, the fact remains that Bitcoin is here to stay, and the interest around it is proof of that. But what exactly can you expect from it and what are the most noteworthy information that you need to know? In this article, we will list 50 of the most insane facts that will leave you speechless.

First off, what many people don’t know is that Bitcoin can be used on a variety of services online to pay for things. It’s a growing currency with a lot of benefits that might make money transactions online a whole lot more safe. One industry that has taken a liking to the currency is the gambling industry. Sites like Bitcoin Bets allow you to use the currency on Bitcoin games and makes available a useful guide to using Bitcoin when gambling.

To help list 50 of the most mind-boggling information about Bitcoins we will use an infographic called “50 Insane Facts About Bitcoins” that is created by WhoIsHostingThis. By the time you have looked through the infographic, you will be somewhat of an expert on the digital currency’s history.

Today there are a few ways you can acquire Bitcoins and one is to mine it. Mining Bitcoins has become an industry in itself, and the process was proposed early on as a way to roll out the currency and allow anyone to acquire it through hard work. By all calculations, it is believed that the last Bitcoin will be mined in the year of 2140, so there is still plenty of time to get in and make a good profit.

Back in 2014, it was believed that there were around 20,000+ dedicated computers working on mining Bitcoins, and that number could probably be doubled in size many times over today. Furthermore, a Bitcoin briefly became more valuable than an ounce of gold back in 2013, which is a testament to the insane popularity and value of the now somewhat famed digital currency.

Whether you will attempt to mine a few bitcoins or not, the currency will continue to grow, and you will most likely hear more about it during the coming years as it grows into its suite and become the primary payment method for services online. Gambling sites and services are certainly going to implement the currency in larger numbers, and you will gain from that. Security and the potential profit from it will come to be superior to any other currency currently available. When will you start using Bitcoins? Let us know in the comment section below.