Now, hardcore miners are moving on to custom ASIC chips like the Block Erupter, For around $100 USD, you too can mine Bitcoins at 300 MH/s with 2.5 Watts of power and a single USB port.

In this video, we explore the world of Bitcoin and cryptocurrency mining, as I invest $50,000 in Bitcoin and mining operations using powerful ASIC miners. We begin by understanding the basics of ...