Archive for the mining Category

China bitcoin arbitrage ends as traders work around capital controls

China bitcoin arbitrage ends as traders work around capital controls

11 Dec 2013 / Reuters – The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting the porous nature of China’s capital controls. Chinese bitcoin chat rooms buzzed last month as investors noticed that the digital

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3 reasons bitcoins aren’t in your wallet yet

3 reasons bitcoins aren't in your wallet yet

10 Dec 2013 / PC World – As Bitcoin’s popularity grows, so does talk about its standing as legal tender, but there are lingering issues that need to be sorted out before people start using Bitcoin to buy everyday things, experts said on Monday. Bitcoin has been

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Cashing in on the bitcoin boom

Cashing in on the bitcoin boom

09 Dec 2013 / LA Times – NEW YORK — Donald Duhaney brought a wallet full of cash to a Whole Foods in Manhattan’s trendy Lower East Side one recent evening. But he wasn’t in search of kale, quinoa or cage-free eggs. Duhaney, 37, was in the

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Currency for a computer age

Currency for a computer age

08 Dec 2013 / The Press – A Christchurch resident has purchased a bottle of wine with a virtual currency he is “mining” in his own garage. Bitcoin, a digital form of gold, is making its entry in New Zealand here in Canterbury. Cecile Meier reports. Have

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Winklevi Finally Vindicated?

Winklevi Finally Vindicated?

08 Dec 2013 / The Harvard Crimson – Good things come to those who wait (kind of). After years of being known as the faces of dejection from “The Social Network,” Cameron S. H. Winklevoss ’04 and Tyler O. H. Winklevoss ’04 have, over the last eight

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IS BITCOIN, AN ALTERNATIVE FORM OF MONEY, HERE TO STAY?

IS BITCOIN, AN ALTERNATIVE FORM OF MONEY, HERE TO STAY?

08 Dec 2013 / UT San Diego – YES Bitcoin is a new Internet-based, completely digital currency that facilities transactions between people without a middleman. So it substantially reduces transaction costs, making it valuable to everyone, including merchants. Bitcoin allows ordinary people to store, transfer and exchange

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Bitcoin hangout with Max Keiser: The Napster of currency

Bitcoin hangout with Max Keiser: The Napster of currency

07 Dec 2013 / RT – Like the internet, bitcoin is a force of nature which governments control at their own peril. This time around on the Keiser Hangout, our panel answers your questions about the premier crypto-currency, silver’s silver lining and the future of China. From

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World powers react to the Bitcoin boom

World powers react to the Bitcoin boom

07 Dec 2013 / Aljazeera – World powers have scrambled in recent weeks to react to the rise of Bitcoin, a decentralised digital currency created in 2009. Publicity from US Senate hearings and a black-market website that used the currency saw the value of Bitcoin skyrocket from

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Why the Chinese can’t get enough of Bitcoin – despite bank ban

Why the Chinese can't get enough of Bitcoin - despite bank ban

06 Dec 2013 / Christian Science Monitor – At the Garage Café, a dimly lit magnet for young programmers and entrepreneurs in Beijing’s hi-tech Zhongguancun district, one topic dominates the low hum of conversation: Bitcoin The crypto-currency’s value has soared more than fivefold over the past month,

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PRESENTING: The Most Powerful Bitcoin Miner In The World

PRESENTING: The Most Powerful Bitcoin Miner In The World

06 Dec 2013 / Business Insider – Mining a Bitcoin, which involves directing large amounts of computing power at solving complex equations, doesn’t come cheap. We recently told you about the gonzo sales Stockholm-based KnCMiner saw on Black Friday for its Neptune device, set to be the

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