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Since running these computer rigs cost money due to capital expenditure for buying the rigs and the cost of electricity, miners are rewarded with new supply of bitcoins that is part of its monetary system.
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How much does 1 bitcoin cost ? How much was 1 bitcoin worth in 2009? The cost of mining 1 bitcoin can vary depending on several factors. Bear in mind that the trading fees vary. And yet bitcoin has climbed more than tenfold since buffett's warning.
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