Archive for the mining Category

05 Dec 2013 / USA Today – Two major financial players, China’s central bank and the Bank of America, weighed in Thursday on opposite sides on the viability of the wildly popular virtual currency Bitcoin. The price of a Bitcoin fell below $1,000 after China’s central bank

04 Dec 2013 / CNN Money – Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today’s money worth less tomorrow. The digital currency Bitcoin promises all these things. And while it’s far from achieving any

03 Dec 2013 / Forbes – There are several reasons for giving it higher visibility; most recently I’ve noticed that China Telecom CHA -1.26%, a Chinese state-owned enterprise (SOE) is accepting bill payments in Bitcoin. Here are some of the reasons: China’s economy is too slanted to

03 Dec 2013 / Forbes – Via Marginal Revolution we find the page of Bitcoin statistics. And there we are told that mining bitcoins currently consumes some $15 million’s worth of electricity each day. Which is, when you come to think about it, really a rather astonishing

02 Dec 2013 / Ren Gazzette-Journal – An online travel agency in Los Angeles and a European private university have begun accepting payments in the popular virtual currency known as Bitcoin, a sign that businesses are moving into a new global economic era. CheapAir.com, an online travel

02 Dec 2013 / Business Insider – At least 54 different digital currencies have been created in the past seven months. That’s according to CoinWik.org, a Wiki site tracking digital currencies. The most recent is Asicoin, born on Sept. 11. It’s advertised as a coin designed just

02 Dec 2013 / Forbes – Even if you weren’t intrigued by other aspects of the rock star digital currency, it’s hard to argue with over 5,000% appreciation in less than a year. The Wall Street Journal asked Should You Invest in Bitcoin? and printed a WSJ special

01 Dec 2013 / Forbes – This particular idea rather has me scratching me head as I can see a small publicity value to this idea and no other practical one at all. The idea being to produce physical bitcoins that are partially gold. That sounds like