Archive for the mining Category

Into the Bitcoin Mines

Into the Bitcoin Mines

21 Dec 2013 / NY Times – On the flat lava plain of Reykjanesbaer, Iceland, near the Arctic Circle, you can find the mines of Bitcoin. To get there, you pass through a fortified gate and enter a featureless yellow building. After checking in with a guard

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Bitcoin Is The Napster Of The Payment Industry

Bitcoin Is The Napster Of The Payment Industry

20 Dec 2013 / National Review – For months now, most of the focus about Bitcoin, a new digital currency, has been on the possibility of it could become an alternative currency (a replacement for the dollar, even). However, whether Bitcoin succeeds or fails as a unit of

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Stocking-stuffer of the times: Bitcoin

Stocking-stuffer of the times: Bitcoin

19 Dec 2013 / ABCNews – You’ve probably heard about Bitcoin, the digital currency that may or may not be a fad and that may or may not make you a millionaire. But would it make for a good holiday gift? Well, like just about everything involving

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Bitcoin: The virtual currency built on math, hope and hype

Bitcoin: The virtual currency built on math, hope and hype

18 Dec 2013 / PC World – The ascent this year of Bitcoin, a virtual currency forged through hardcore mathematics and buoyed by promises of financial liberation from banks, has been nothing short of mesmerizing. It is being increasingly embraced as a viable means of exchange and

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The Bitcoin Boom

The Bitcoin Boom

17 Dec 2013 / Forbes – LONDON – Christmas came early for the Winklevii this year. Tyler and Cameron Winklevoss, the twin brothers who famously sued Facebook founder Mark Zuckerberg, own about 1% of the roughly 12 million bitcoins in circulation. Though its value has fluctuated considerably

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PokerNews Guide To Bitcoin, Pt. 2: The Pros of Bitcoin in Online Poker

PokerNews Guide To Bitcoin, Pt. 2: The Pros of Bitcoin in Online Poker

16 Dec 2013 / Poker News – As Bitcoin becomes more and more of an emerging currency market, it should be something that is on every poker player’s radar. In the PokerNews Guide To Bitcoin, Part 1: we discussed what Bitcoin is and how it can relate

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PokerNews Guide To Bitcoin, Pt. 1: What Is Bitcoin and How Does It Relate to Poker?

PokerNews Guide To Bitcoin, Pt. 1: What Is Bitcoin and How Does It Relate to Poker?

16 Dec 2013 / Poker News – Poker players and gaming companies around the world are finding themselves increasingly enticed by Bitcoin currency for their financial transactions. For the uninitiated, the easiest way to explain Bitcoin is that it is a relatively new form of virtual currency

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Bitcoins in India: Long way to go

Bitcoins in India: Long way to go

16 Dec 2013 – India Times – BANGALORE: Mahin Gupta is the CEO of buysellbitco.in. His company, as the name indicates, allows Indians to trade in Bitcoin, the open source peer-to-peer payment network, using Indian rupees for transactions. “I do around a crore of transactions each month,”

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‘Bitcoin isn’t real money’: Norwegian government refuses to recognise digital currency

'Bitcoin isn't real money': Norwegian government refuses to recognise digital currency

16 Dec 2013 / Daily Mail – The fortunes of Bitcoins continue to fluctuate after the Norwegian government announced that is does not count as real money. The virtual currency has left governments throughout the world scratching their heads as it is not controlled by a government

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Bitcoin convention brings out hope for digital currency’s future

Bitcoin convention brings out hope for digital currency’s future

15 Dec 2013 / Durango Herald – LAS VEGAS – Even as the liquor flowed at a late-night party in a plush Las Vegas suite, chatter about the business of Bitcoin never flagged. Among the overwhelmingly male crowd gathered in Las Vegas for only the second Bitcoin

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