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Bitcoin Is Up 6.5 Billion % Since It Was First Priced In USD


Twelve years in the past in the present day, pseudonymous Bitcoin person NewLibertyStandard printed what is probably going the primary pricing of Bitcoin in US Greenback phrases.

On his web site of the identical identify, NewLibertyStandard went on to explain how they formulated their 2009 change charge:

“Throughout 2009 my change charge was calculated by dividing $1.00 by the typical quantity of electrical energy required to run a pc with excessive CPU for a 12 months, 1331.5 kWh, multiplied by the the typical residential price of electrical energy in the US for the earlier 12 months, $0.1136, divided by 12 months divided by the variety of bitcoins generated by my laptop over the previous 30 days.”



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