mining | Get To Know Bitcoin

KnCMiner Sells $2 Mill Worth of Dogecoin and Litecoin Mining Rigs in Just Four Hours

On March 20, 2014 / companies, mining

20 Mar 2014 / International Business Times – The continued interest in alternative cryptocurrencies to bitcoin is clear to see Swedish-based KnCMiner selling $2 million (£1.2m)worth of scrypt-based mining rigs in just four hours. The Titan is the company’s first scrypt-based mining rig and costs $10,000, meaning

Must-know facts about bitcoin

On March 16, 2014 / companies, exchange, finance, mining, politics

16 Mar 2014 / Times of India – For a moment, imagine Arnab Goswami (the news anchor of Times Now) going ballistic about bitcoins! Picture him hollering, “India wants to know” , “the nation wants to know” , “investors want to know” , followed by his AK47

CloudHashing.com Prepares $20 Million-a-Month Bitcoin Mining Operation

On March 13, 2014 / companies, exchange, finance, mining

13 Mar 2014 / International Business Times – A cloud-based bitcoin mining operation which rents out computing power to customers could soon be churning around around $20 million worth of bitcoins each month. Earlier this week a bitcoin mining operation near Seattle opened its doors to a local

Bitcoin Miner Earning $8 Million a Month

On March 10, 2014 / companies, finance, mining

10 Mar 2014 / International Business Times – An elaborate bitcoin mining operation near Seattle is earning its owner an estimated $8 million (£4.81m) a month. While most amateur or part-time bitcoin miners are attempting to mine fractions of a single coin using supped-up desktop PCs, Dave

In defense of Bitcoin [Letter]

On March 6, 2014 / companies, exchange, finance, mining, politics

06 Mar 2014 / Baltimore Sun – Publishing a commentary about Bitcoin by an institutional economics professor is as responsible as letting a village witch doctor give lectures on the merits of proton radiation therapy to treat cancer (“The Bitcoin myth,” March 3). Peter Morici is not

Bitcoin has theory and history on its side

On March 3, 2014 / companies, exchange, finance, mining, politics

03 Mar 2014 / detlevschlichter.com – The Bitcoin phenomenon has now reached the mainstream media where it met with a reception that ranged from sceptical to outright hostile. The recent volatility in the price of bitcoins and the issues surrounding Bitcoin-exchange Mt. Gox have led to additional

Bitcoin Basics For The ’76 Percenters’ Who Don’t Have A Clue What It Is

On February 22, 2014 / companies, exchange, finance, mining

22 Feb 2014 / Forbes – Bitcoin technology was unleashed on the World Wide Web about five years ago, but 2013 marked a time of unprecedented growth for the digital currency. As the price of a bitcoin increased over 6000 percent in 2013, more developers, entrepreneurs, and

Bitcoin for idiots: An introductory guide

On February 17, 2014 / companies, exchange, finance, mining, politics

17 Feb 2014 / Venture Beat – Drama, greed, controversy, conspiracy, crime, risk, theft, speculation, wealth — such was the world of Bitcoin in 2013. The crypto-currency captivated us with its soaring highs and plunging lows in 2013, rising from $10 to $1,200 in the course of

Next 25 years of Bitcoin revolution will be ‘wild ride’ – CEO of world’s biggest exchange

On February 15, 2014 / companies, exchange, finance, mining, politics

15 Feb 2014 / RT – Exchange glitches, arrests, government crackdowns, and volatility haven’t been able to stop people wanting to get their hands on the bitcoin, and the CEO of BTC China Bobby Lee told RT the bitcoin revolution will be bigger than the Internet. “I

Bitcoin: Be prepared for the rise of digital currency, adopters say

On February 14, 2014 / companies, exchange, finance, mining, politics

14 Feb 2014 / CBC.ca – Each day, Lorne Lantz buys his lunch with Bitcoin. Some say the burgeoning digital currency has no real value — but his sandwiches say otherwise. Bitcoins and other “cryptocurrency” have started to rise from the fringes of the internet to the cusp

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