Business Today covered Bitcoin. Excerpts:
"Early adopters, such as Mahin Gupta in Ahmedabad, have gained hugely. Gupta now runs a trading platform called buysellbitco.in. At the beginning of April this year, Gupta had 20 unfulfilled Bitcoin orders, as none of his contacts - some 60 people in India and the US - were willing to sell the coins.”
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“‘There are about 2,000 active Bitcoin users in India. Most of the users are individuals and want to explore the possibilities of an alternative investment opportunity,’ says Nilam Doctor, an Ahmedabad-based software professional who has invested in Bitcoins and also developed an online trading platform for the currency, rbitco.in.”
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"No e-commerce websites in India accept Bitcoins, but many Indian enthusiasts use the payment system for trade of goods and services from overseas websites."
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"The huge demand for Bitcoins in India has largely been from speculators hoping to gain from the rising value of the currency."
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"Until recently, Bangalore-based Bitcoin enthusiast Benson Samuel mined the currency using a botnet, or a network of computers that run applications. ‘I used to mine coins using GPUs,’ he says."
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