According to Bitpay, one of the
largest Bitcoin payment processors, the top-three online
retailers on November 29 were KnCMiner (whose
gonzo order volume for its latest mining device we told you about
yesterday), Gyft, and Amagi Metals.
The price of bitcoin as of Wednesday afternoon was $1,1184. The price of an ounce of gold was $1,228.
Amagi Metals chief Stephen McAskill told BI in a separate interview that his site processed $900,000 worth of bitcoin between Thanksgiving and Sunday. T he biggest selling items were silver and gold coins and bars, he said.
"To me it makes sense," he said. "A lot of bitcoin enthusiasts are interested in sound money, money that doesn't lose value."
We asked Gyft, a gift card site, for any more data about what people bought with Bitcoin, and spokesman Ian Chaffee could only say electronics and food.
But there are still enough users who think bitcoin will someday retain the value of gold, he said.
Gold and silver bullion was apparently among the biggest selling items on Bitcoin Black Friday.
IBM Says Blockchain Can Power 'Open Scientific Research' in New Patent Filing
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According to a press release iss
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On Oct. 15, the cry