• Regardless of which side you agree with, the block size debate affects everyone in the Bitcoin community. There are a lot of opinions to be heard, from developers, miners, and individual users to Bitcoin companies — everyone has their say on what they think is best for the future of Bitcoin. BitPay, the world’s largest Bitcoin payment processor, recently posted its thoughts on Medium. The voice of reason has spoken, but it remains to be seen

    BitPay in Favor of Merging BIP 101 Into Bitcoin Core

    | 2015/08/21 8:00 am
  • Just as Bitcoin’s block reward halved in the past, Litecoin will undergo the same same process on Tuesday, August 25th. In anticipation of the halving, the Litecoin Association says that it is a milestone in the cryptocurrency’s 4-year history. Also read: Litecoin Undergoes Changes With Official Branding Guide The association also released a video that elaborates the entire process of Litecoin’s halving, informing that after the halving, Litecoin will reward miners with 25 coins rather than 50 coins

    Litecoin Halving: Impact on Exchange Rate, Mining Profitability

    | 2015/08/19 9:00 am
  • HashPlex is a company that specializes in hosting miner services, allowing home miners access to industry standard electricity rates in order to stay competitive. While their main focus is indeed the mining aspect of Bitcoin, the people over at HashPlex understand the importance of the Bitcoin network, which is especially seen by the debut of their new open source lightning hub. I talked to Bernard Rihn, CEO and founder, as well as Jasper Hugunin, their

    HashPlex Exclusive Interview: Lightning Hub Open Source Release

    | 2015/08/12 6:00 am
  • Bit-x is a licensed cryptocurrency and mining platform, where you can trade both cryptocurrency and hashing power to earn Bitcoin. Bsed in the UK, the AML and KYC compliant exchange, which specializes in Bitcoin, Litecoin, and GH/s trading on top of Bitcoin cloud mining is now proud to offer Bitcoin debit cards. These cards are issued and processed by Bit-x’s exclusive bank partner. “With the launch of Bit-x’s debit card a new era of Bitcoin

    Bit-x Releases its Own Bitcoin Debit Cards

    | 2015/08/10 1:00 pm
  • Even for a Bitcoin Maximalist, it’s difficult to ignore the launch of a non-Bitcoin blockchain technology that raised over $18 million on bitcoin alone. Just several days ago on July 30th, the Ethereum development team announced its long-awaited and much-discussed first live release, called “Frontier,” to the general public. While Frontier – lacking any GUI and requiring exclusive use of the command line – is aimed toward developers, the release marks a significant milestone for the

    Ethereum Launches Frontier; Ether Mining Begins, Trading to Follow

    | 2015/08/05 1:33 am
  • Cloud mining service providers have been facing hard times ever since the Bitcoin price dropped below $320. Whereas major Bitcoin cloud mining service providers had to shut down operations for an undisclosed amount of time, new companies started appearing all over the internet. XScrypt is one of those cloud mining companies, but it looks like the “company” has gone bust after multiple issues with payouts. Also read: MIT’s Enigma: Decentralized Cloud Platform with Guaranteed Privacy

    XScrypt Cloud Mining Provider Shows True Ponzi Colors?

    | 2015/07/28 8:00 am
  • The future of electronics cooling is a topic plaguing many technology and Bitcoin enthusiasts alike. With the mounting electricity costs, air cooling is no longer a viable option if you are deploying electronics en masse. And water cooling is a possible solution, but far from practical. But there is a good news, as researchers have cracked the code on how to use graphene-based film for electronics cooling. Also read: BitFury’s Allied Control to Reduce Energy

    Graphene-Based Cooling Making Its Way To Micro-Electronics, Bitcoin Mining To Benefit?

    | 2015/07/12 12:08 pm
  • BitFury Group has been quietly bringing online it’s 28nm ASICs increasing its hash rate to at publication time to a reported 15% of the global total of the Bitcoin network.  On the investment side they have not slowed down either. Today they are announcing they secured another $20 million in funding.  This announcement comes on the heels of a record setting 2014 for investments they received.  The investors participating in this round included DRW Venture

    BitFury Secures $20 Million in Funding, Building 100mw Data Center

    | 2015/07/09 6:00 pm
  • NiceHash Brings Advanced Cryptocurrency Cloud Mining, Hash Rental and Multipool Now users can rent hashing power by simply placing an order and lease their rigs as simple as using a multipool thanks to NiceHash, the most advanced crypto currency cloud mining, hash rental and multipool. With its worldwide presence, NiceHash is optimal for hashing power sellers i.e. mining rigs owners and hashing power buyers located in Europe, Russia, USA , China and other near regions

    NiceHash Brings Advanced Cryptocurrency Cloud Mining, Hash Rental and Multipool

    | 2015/06/27 5:30 pm
  • Most people consider both gold currency and Bitcoin to be deflationary currencies, given their fixed supplies. In the long run, this assumption mostly is true; once all the gold and Bitcoin has been mined, their supplies cannot be expanded to keep track with demand. As a result, prices will gradually fall as the fixed supplies of the two currencies become more valuable. However, during the short run, both currencies are capable of growing in supply

    Is Bitcoin Better than Gold? Part Three: Inflation

    | 2015/06/25 6:00 pm
  • Bitcoin mining is a topic of heavy debate around the world. Not just because the difficulty keeps increasing, making existing mining hardware outdated rather quickly, but also because of the sheer energy consumption. As a result of the lower Bitcoin price and rather high electricity costs, many miners and companies have moved their operations to other parts of the world. But what if the existing wind hardware we have right now – used to generate

    Will New Breakthroughs In Renewable Energy Affect Bitcoin Mining?

    | 2015/06/19 7:00 pm
  • The highly restrictive and controversial New York BitLicense has claimed another victim. Eobot, a Bitcoin cloud mining company, will be ceasing operations in New York state as of July 1, 2015.  Also read: BTCGuild Shuts Down Because of BitLicense Eobot has made the decision to cut off its services to New York because it believes the BitLicense requirements are “excessive”: From Eobot: “To All Customers: If you are residing in and/or accessing Eobot within the

    BitLicense Damage: Eobot Ceases New York Operations

    | 2015/06/18 9:27 pm
  • After an aborted closure of BTCGuild, when BitLicense was first announced, the company’s owner has now decided to close it for good on June 30, 2015.  With NYDFS using BitLicense to try and regulate businesses inside and outside of NY, the closure comes as no surprise; the owner has stated before he will not put miners and himself through the invasive and vague regulatory hassles. Even after the release of the final BitLicense draft —

    BTCGuild Shuts Down Because of BitLicense

    | 2015/06/16 2:12 am
  • Vaultoro, a Bitcoin gold exchange, continues to build out its platform, now allowing users to instantly buy gold with bitcoin via a standard deposit. This service, called “Instant Order,” is meant to further the company’s mission to deliver a great user experience. Users can now tell the exchange to watch all the addresses that belong to an account (including addresses generated in the past), and place a buy order if any new bitcoins are deposited. Also read: Is Bitcoin

    Vaultoro Instant Order: Mining Gold With ASICs?

    | 2015/06/11 8:00 am
  • Trust is a component in both gold currency and Bitcoin, although working in two fundamentally different ways. With gold, trust is almost always required, be it in mining, minting, or banking. On the other hand, with Bitcoin, mandatory trust only enters the equation with a centralized mining network. All other trust requirements with Bitcoin occur when an individual voluntarily gives a company or other person control over his or her coins. Also read: Is Bitcoin Better

    Is Bitcoin Better Than Gold? Part Two: Trust

    | 2015/06/04 3:00 pm
  • Disclosure: Mintsy provided us with a 100 gh/s contract to test the features while it is in beta mode. Mintsy, a new cloud mining service that is part of the Cryptsy ecosystem is currently in beta invite only. We were able to get an invite and test the service as it stands so far. Mintsy has several interesting features not the least of which is proof of mining. Also Read:  Review: Avalon 4.1, 1 th/s

    Mintsy Mining Contracts Simple to Use and Backed by Proof of Mining

    | 2015/05/27 3:30 am
  • In the second installment of the three article KNC follow up, I talked to two people: Charlotte C. Lin, the lawyer who is behind kncclassaction.com, as well as Louise Hogarth, a documentary filmmaker who is trying to integrate BTC and movies as well as runs nonprofit campaigns. Also Read: Customers Detail KNC Fraud, Lawsuit Launches Soon Part 1 of 3 One of Louise’s previous works is the Orphan Bracelet Campaign (OBC) which started right after

    KNC Article 2 of 3 Regarding Lawsuit: Interview with Charlotte!

    | 2015/05/26 8:00 am
  • At the North American Bitcoin Conference in Miami, we were able to sit down for a one-on-one interview with Valery Vavilov, CEO of BitFury. So many changes have happened over the past couple years in the Bitcoin Transaction Processing industry (Bitcoin Mining), and many Bitcoin mining companies have began to branch out. BitFury has not only invested in and developed new technologies, but has also continued investing in themselves; the company’s talented team and stellar board of

    BitFury CEO Valery Vavilov on Company, Bitcoin Industry, and More

    | 2015/05/19 7:00 pm
  • Sfards, a Bitcoin mining company that uses advanced semiconductor technology to develop the future of Bitcoin mining chips, is organizing a contest for the most creative miner designers from May 11 to 17. Prizes include one bitcoin for the winner, as well as consolation prizes for the other participants. Disclaimer: This article was written with information provided by Sfards. Bitcoinist is not affiliated with Sfards and is not responsible for its products and/or services. Though the company

    Sfards to Host Contest For Creative Miner Designers

    | 2015/05/11 12:00 pm
  • Bitcoin mining centralization has been a point of concern in the community for a while now. People are worried that the growing size of mining firms will continue until one of them attains 51% or more of the network’s hashing power. Although a firm holding the majority of the hashing power would not inherently compromise the network, it would certainly centralize the creation of bitcoin and the confirmation of transactions. Such centralization opens the door

    The Economics of Bitcoin Mining Centralization

    | 2015/04/20 5:00 pm
  • This week, Bitcointalk administrator Theymos, contacted every participant in several discussions over the Butterfly Labs case. The reason for this contact was a court decision in which the Bitcointalk admin was forced to reveal information regarding the case. Also Read:  US Goverment shuts down Butterfly Labs! Early this week, Theymos received a subpoena related to the BFL case (FTC Case No. 14-CV-2159-KHV-JPO) forcing him to release private messages connected to BFL. Theymos later opened a thread and sent an email to

    Bitcointalk Court Ordered to Release Butterfly Labs Messages

    | 2015/04/19 3:00 pm
  • BURST, the latest Bitcoin 2.0 cryptocurrency, uses a unique algorithm called “Proof of Capacity” (POC). POC utilizes miners’ unused hard drive space instead of their processor or graphics card to mine. Additionally, BURST says that it will offer a free marketplace without fees, taxes, and has no central authority. According to BURST, these qualities make its market place a competitive alternative to eBay. What is BURST Market? The BURST Market is located inside the  BURST wallet  and the payment  is

    BURST’s Decentralized Marketplace May Challenge eBay

    | 2015/04/17 7:00 pm
  • Sfards recently announced the completion of tape out and now are announcing their testing results. The results look good being that the chip is 28nm and processes both SHA-256 and Scrypt algorithms. Formed from Gridseed and WiiBox, Sfards has the dual miner experience from Gridseed as a base with the controller tech of WiiBox. Depending on the density of each unit they could do very well. Also Read: SFARDS (formerly Gridseed) Announced World’s First 28nm

    Sfards Shares Chip Test Results, Will Open Source Design

    | 2015/04/15 4:40 am