Bitcoin proponents note that as the U.S. Mint struck the final penny in Philadelphia on Wednesday, ending 232 years of one-cent coin production. Each penny costs about 3.7 cents to make, so ending its production will save roughly $56 million a year. The move highlights how a cent can no longer buy anything meaningful, a [...]The post The U.S. Axed the Penny to Save $56 Million--Bitcoin Does That Every Block appeared first on The Coin Republic.