Quote:
Originally Posted by The_bluester
IIRC, the total number of bitcoins able to be mined is limited to a fixed value?
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The Bitcoin protocol has an inherent limit of 21 million bitcoins (less a few bitcents.)
One of my work colleagues made some money bitcoin mining in the early days using a room full of high end PCs. It didn't make him rich, but he ended up a little ahead after selling the hardware.
Apparently, it's a lot easier to mine Monero (at present) and there are no ASICs (specialised acceleration chips) so that's more suitable for a small home business
CryptoCurrencies are an interesting development but they are effectively Ponzi schemes. It has been claimed that they aren't because there's no intentional fraud, but that distinction won't be much of a consolation to the losers.