Currently,
the cost of a single bitcoin is worth around $ 8000 and is still enticing enough for more people around the world to trade in bitcoin.
The cost of a single Bitcoin hit a high of more than $ 205 earlier today on the biggest Bitcoin exchange, Mt. Gox, although it's since dipped slightly.
Not exact matches
It
costs $ 26,170 to mine a
single Bitcoin in that country — more than twice the current
cost of buying one.
Many
of these amateur investors probably ended up disappointed — as
of today,
Bitcoin is hovering around $ 9,000 to $ 10,000 — but this is still impressive given that a
single Bitcoin cost only a few cents in 2010.
As a result, a
single unit
of Bitcoin went from
costing around $ 800 early last year to being worth over $ 6000 a unit by November.
The Lightning Network is effectively a way
of instantly transacting on the
Bitcoin network at a low
cost without having to broadcast every
single payment to the blockchain.
Dispelling further criticism meanwhile, McAfee founder John McAfee argued that the
cost of mining one
Bitcoin should make it vastly superior a store
of value than a
single US dollar.