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Amazon used the hardcover numbers to provide evidence as to how much money you save with a Kindle. However I 'rarely' buy hardcorvers.
From the cost of the books I normally get, I estimate it will take about 50 books or so, which for me is about 1.5 years. Basically the more you read the faster it pays off. Also there is some value in all of those free books that you get on the Kindle (and savings with newspapers)
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