On Wednesday, kripacharya BitCoin has fallen to a month low – 2370 dollars per unit, reports UK.one. And in June, the exchange rate fell from 3025 to 2185 dollars per unit. According to experts, the total loss from such a collapse reaches 12 billion US dollars in the capitalization of the currency.
Along with them is much «sunk» and the nearest crypto-competitor Ethereum, the price of which has fallen below $ 200. Although in June, it exceeded $ 400, and the start of trading in January its price from $ 8 increased by 2000 %. Like bitcoin, Ethereum principle is based on the technology of the block chain.
Earlier, a sharp rise in the cost of BitCoin and Ethereum, led to a real fever among the population. People started buying video cards used for cryptocurrency mining, which they almost completely disappeared from the range of online stores, and where they remained, their price jumped by almost half. Now, the so-called «miners» began frantically getting rid of the purchased cards, to somehow compensate for the losses.
For those not familiar with the principles of cryptocurrency explain. Cryptocurrencies have no physical equivalent, and therefore, in effect, «generated out of thin air». But in order to generate one unit of currency is needed to produce a certain amount of computation. The more cryptocurrencies already produced, the more complex calculations required to generate the next unit. So, some enthusiasts of this method of enrichment are building so-called «farms», in fact a lot of graphics cards connected in a single system whose sole purpose is the mining of cryptocurrencies.
