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Bitcoinmining' goes from enthusiasts to giant enterprises. But in, a Chinese based company sold the first application specific integrated circuits, or asic, computer chip cards that mined bitcoin 50 times faster than traditional video graphics cards.

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Today, those specialized mining sets can cost anywhere from a few hundred to more than1 000. How to buy bitcoin: A step by step guide Business InsiderUsing the app Coinbase, we ventured to buy and sell bitcoin, the popular cryptocurrency whose cost has seen massive spikes in recent weeks.

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