Archive for the mining Category

What Happens To Lost Bitcoins? And is it possible to get them back?

What Happens To Lost Bitcoins? And is it possible to get them back?

14 Jan 2014 / Readwrite – James Howells of Wales is one of the Bitcoin community’s most tragic figures. Last June, Howells inadvertently tossed a hard drive containing 7,500 bitcoins, which he had mined back when they were worth very little. Now that a bitcoin is worth

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The Bitcoin-Mining Arms Race Heats Up

The Bitcoin-Mining Arms Race Heats Up

09 Jan 2014 / Bloomberg – Joel Flickinger’s two-bedroom home in the hills above Oakland, Calif., hums with custom-built computing gear. Just inside the front door, in a room anyone else might use as a den, he’s placed a desk next to a fireplace that supports a

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Bitcoin isn’t Money—It’s the Internet of Money

Bitcoin isn’t Money—It’s the Internet of Money

08 Jan 2014 / The Umlaut – Ever since Paul Krugman started weighing in on Bitcoin recently, people have been using his notorious 1998 Internet prediction to mock him: By 2005 or so, it will become clear that the Internet’s impact on the economy has been no

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Q&A: How bitcoin digital currency works

Q&A: How bitcoin digital currency works

05 Jan 2014 / Detriot Free Press – Bitcoin is a digital currency — a form of Internet cash — that was introduced in 2009. But it isn’t printed, like a dollar. It’s a form of money called cryptocurrency. Transactions are made by updating a log, but

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Five years of Bitcoin in one post

Five years of Bitcoin in one post

04 Jan 2014 / Washington Post – The world’s first fully decentralized cryptographic financial network, Bitcoin, launched five years ago today. The years since then have been a wild ride. The currency’s value has risen from nothing to billions of dollars, and millions have been invested in

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Bitcoin Set to Boom in Latin America

Bitcoin Set to Boom in Latin America

03 Jan 2014 / Panama Post – Bitcoin is no longer insignificant. Initially derided by most as a gimmick, the current market value of all bitcoins in circulation is an estimated US$10 billion.[1] On Friday, November 29, 2013, the value of a single bitcoin peaked at $1137. To

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James Delingpole: Those bitcoin weirdos might just be right

James Delingpole: Those bitcoin weirdos might just be right

03 Jan 2014 / The Spectator – Here’s a thought to kindle a lovely warm glow of smugness and schadenfreude as we enter a new year: you didn’t lose your fortune in the great bitcoin bubble of 2013. The reason I know you didn’t is because few

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Bitcoin-Equipment Boom Benefits TSMC, AMD Sales, Report Says

03 Jan 2014 / Bloomberg – Taiwan Semiconductor Manufacturing Co. (2330), Advanced Micro Devices Inc. (AMD) and other companies have seen more than $200 million in sales in 2013 for computing components used to create Bitcoins, Wedbush Securities Inc. said. The virtual currency, which exists as software,

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Get a piece of the Bitcoin action: How easy is it to lay your hands on the virtual currency?

Get a piece of the Bitcoin action: How easy is it to lay your hands on the virtual currency?

03 Jan 2014 / Independent – New cultural phenomena are constantly vying for our attention. I find this exhausting, so I do my best to ignore most of them. But occasionally the sheer weight of opinion, conjecture and discussion forces me to set aside my prejudices and

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Tech Renegade: From Print-at-Home Guns to Untraceable Currency

Tech Renegade: From Print-at-Home Guns to Untraceable Currency

02 Jan 2014 / WSJ – AUSTIN, Texas— Cody Wilson rattled lawmakers and law-enforcement agencies with a plastic gun created from a 3-D printer, home computer and blueprints he posted online for anyone to download. Now, the 25-year-old law-school dropout is about to launch software aimed at

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