• Bitcoin.com pool has lost 13.21 BTC or over $12,000 USD due to a bug in BitcoinUnlimited software, which caused it to mine a block bigger than 1MB. So…What Happened? Bitcoin.com, an information portal, which also provides mining pool services has lost out on 13.2 BTC due to a bug in the Bitcoin Unlimited software, which is used on the pool. Bitcoinist spoke with Bitcoin Unlimited developer Andrew Stone a.k.a. “theZerg” to figure out what really happened: Bitcoinist:

    Bitcoin Unlimited Dev: Bug Caused By ‘Miscounting of Bytes’

    | 2017/01/31 4:30 am
  • Venezuela has arrested a group of Bitcoin miners for allegedly “affecting stability” of the country’s electricity supply. Thirsty Work Causes Problems for Miners As reported in local news resource Criptonoticias, four people running 300 machines to mine bitcoins are now in custody in Charallave, Miranda province. The Venezuelan Scientific, Penal and Criminal Investigation Corps said that the operation, which also involved the selling of bitcoins on the country’s border, was having a negative impact on

    Venezuela Arrests 4 Bitcoin Miners as Trading Highs Continue

    | 2017/01/26 6:00 am
  • SegWit is all but doomed and Bitcoin Core has no roadmap for scaling beyond the slight bump it allows, Chinese mining investor Jiang Zhuo’er has claimed. Also read: Force of Will Goes Digital With Tradeable Blockchain Game Assets Influential Figure Opposes SegWit Plan Jiang is an influential blogger and identity in the Chinese Bitcoin community, having invested hundreds of millions of RMB in local mining operations. His opinions carry a lot of weight in a region of

    SegWit Won’t Happen, Says Influential Chinese Bitcoin Investor

    | 2016/11/23 11:34 pm
  • The new Nvidia-beta driver package that allows for clock, memory, and voltage adjustments released this week, and I thought it would be interesting to see just how far we can push the EVGA GTX 1070’s Ethereum hashing now that we have full control over the hardware. If you read our first review of the GPU, you’ll know that the card stands on its own as a power-efficient piece of equipment, but just how far a

    GTX 1070 Optimized: 390X Ethereum Hashing on 140 Watts?

    | 2016/08/19 9:00 am
  • OXBTC (www.oxbtc.com) – the China-based cloud mining platform lately announced its business shift from pure cloud hashrates selling to cloudhash hosting services – which provide more lucrative mining options for investors with much lower prices and maintenance fees. It has also released two cloudhash hosting contracts for Bitcoin and Ether mining (first in the world). Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services. Mr. GUO, Weicheng, CEO

    OXBTC Releases New BTC/ETH Cloudhash Hosting Services

    | 2016/08/17 3:00 pm
  • EVGA is the Largest Supplier of Nvidia GPUs to the US, and Today We’ll Be putting their Newest Mainline aftermarket design to the task of mining Ethereum – One of the last bastions of GPU rig profitability, and certainly the most prominent at present. We’ve seen a huge jump in hash power per watt from AMD with their move to Polaris, as we covered here. EVGA’s Gaming ACX line, while not as extravagant as some

    A Review of The EVGA GTX 1070 SC ACX 3.0

    | 2016/08/10 7:09 pm
  • The Radeon RX 480 was released onto the GPU market without much fanfare, sold as a mid-range card at a low price – which is exactly how it performs. Despite the excitement in the gaming press about AMD’s Polaris architecture and the RX (and upcoming Pro WX) line of GPUs, particularly about the card’s price point, it seems to have been glossed over by the crypto mining community.  Also read: The Bitcoinist Podcast is Back

    Radeon Overview: Aftermarket Polaris Cards Shaking up GPU Mining?

    | 2016/07/30 5:00 am
  • Bitcoinist recently spoke with Bill Shihara, CEO of Bittrex, an online cryptocurrency exchange that is based and regulated in the United States. Bittrex prides itself in being “market neutral,” having listed and supported 190 different cryptocurrencies on its platform. Bill offered his opinion and insight on the recent Ethereum hard fork, and the events that have transpired including the rise of Ethereum Classic and Poloniex’s decision to trade it. Also read: Breakout Gaming Appoints Board of

    Bittrex’s Bill Shihara on Ethereum Classic and Poloniex

    | 2016/07/26 7:22 pm
  • Scams, suits and cyber-attacks, with and a little bit of ransomware thrown in-between. It’s been a wacky week for Bitcoin and the DAO, and here are a few of the top stories: Also read: Industry Report: Digital Currency is Booming Across the Globe LOCKY GETS ROCKY First, a little good news is in the mix. According to Symantec, Locky ransomware may be reaching the end of its days. Over the past two weeks, activity has

    Industry Report: How Badly Was the DAO Attacked?

    | 2016/06/23 9:00 am
  • A class action suit has been filed against Joshua Garza, Stuart Fraser, and GAW Miners, LLC.   Also read: Hillary Clinton Vocally Supports State Surveillance This suit comes following the months-long legal proceedings involving the company, including a breach of contract suit from Mississippi Power Company over nearly $350,000 USD in unpaid electricity bills, and the SEC charging Garza and the company with security fraud in December of 2015. The formal complaint filed yesterday is

    GAW Gets Sued: Josh Garza Faces Class-Action Suit Over Scams

    | 2016/06/18 1:55 am
  • Bitmain has long led the industry not only in ASIC development but also in making sure they are available to more than just a few big customers. The other hallmark of Bitmain is they announce a new miner only when they are nearly ready to ship. No pre-ordering and long waits. The AntMiner S9 is no exception. Bitmain had recently announced that they would soon be releasing and shipping the first 16nm ASIC to market

    Review: Bitmain AntMiner S9 First 16nm ASIC to Market Miner

    | 2016/06/16 5:00 am
  • Until the new X11 miners hit the market, ASICs have been mostly for Bitcoin/SHA-256 and Scrypt coins, other than a few test runs of other algorithms.   Also Read:  KickAssTorrents Moves to the Darknet With Tor The development and production of ASICs is not cheap and not as simple on many of the algorithms due to memory and other requirements. One of the first new ASICs to hit the market is the Baikal X11 miner which

    Review of the Baikal 150 mh/s X11 DASH ASIC Miner

    | 2016/06/13 5:00 am
  • Genesis Mining is one of the few cloud mining organizations to actually fulfill their obligations to their customers as well as a huge advocate for the Bitcoin and Cryptopcurrency industry.  Since the beginning of 2016 the mining industry has seen a lot of shifts, as well as new coins to mine that are wildly popular like Ethereum. Also Read: US Banking Regulators Warn About Imminent Swift Attacks Genesis Mining quickly expanded their GPU mining capacity

    Marco Streng of Genesis Mining on Ethereum and DASH Mining

    | 2016/06/10 3:19 pm
  • Bitmain has just released the specifications and a rough shipping time frame of the long-awaited Antminer S9 using the new 16nm process for the ASIC.   Also Read: Bitmain Adds Ethereum Mining Support To Antpool The new S9 uses 189 chips to achieve this speed across 3 boards. Power consumption has been dropped to 0.1 J/GH for a power pull of roughly 1380 watts. This step up in chip speed and power is still presented in a

    Bitmain’s Antminer S9 Announced at 14 th/s Using 16nm ASICs

    | 2016/05/31 7:00 am
  • Bitcoin is back up! Since our last price piece and Ether’s rise to the top with arguably the largest crowdsale in history, bitcoin has grown by about $9 in price and is getting people excited once again. Also read: Ether to Blame for Bitcoin’s Decline? As with all ascensions, bitcoin enthusiasts are coming out of the dark with smiles on their faces and happily telling skeptics, “We told you so.” For a while, it appeared as

    Bitcoin Rises, But What Will Happen in July at the Halving?

    | 2016/05/26 5:00 am
  • On May 23rd, TradeBlock announced that it is servicing an interesting trading company called Cumberland Mining. TradeBlock says it will be enabling an “order management system and execution tool set” for the enterprise. Cumberland Mining is associated with the principal trading group DRW Holdings LLC. Not much is known about  this company, but it is said that it most likely scored 27,000 bitcoins in the US Marshals Service (USMS) bitcoin auction in March 2015. Also read:

    Cumberland Mining Has ‘Won Big Bitcoin Auctions’

    | 2016/05/24 5:00 am
  • Mining profitability calculator host CoinWarz has recently launched a calculator for Ether, the token that fuels the Ethereum platform. “Perfectly timed” with the history-making DAO crowdfund, the company believes that their calculator has hit the market just in time for Ether mining profitability to be pushed “to the moon.” Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for

    CoinWarz Launches Ether Mining Profitability Calculator

    | 2016/05/19 1:00 pm
  • Cloud mining service provider HashFlare has announced another batch of one-year Ether mining contracts. With no maintenance fees, the company believes that their contracts are the “best value” that can be found in the Ether cloud mining market. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for their products and or services. Ether Mining With HashFlare   To

    HashFlare Offers ‘Cheapest’ Ether Cloud Mining Contracts

    | 2016/05/19 7:46 am
  • Throughout the past few months, here has been a lot of talk about Bitcoin and quantum computing. Coinfac, a company, based in Hong Kong – allegedly owned by Palantir Technologies – wants to use quantum computing for Bitcoin mining. Also read: Web Summit to Host Two-Day FinTech Event in Madrid  Palantir Technologies Not Involved in Coinfac That seems to be the big question right now, although a Palantir spokesperson mentioned there is no connection between

    Claims of Quantum Computing Bitcoin Mining Through Coinfac Debunked

    | 2016/05/13 11:37 am
  • In a surprising development on Wednesday, Bitcoin developer Peter Todd released information around MIT’s ChainAnchor project. ChainAnchor supposedly involves enticing miners with additional compensation to ensure that only transactions from a list of identified and registered users are included in blocks. The news comes at a time of accelerating initiatives to adopt facets of Bitcoin’s Blockchain technology into traditional banking and trading of other digital assets or securities. Also Read: FBI Used Invalid Warrant To Infect Tor

    Peter Todd Exposes MIT ChainAnchor Project That Enables Tracking Bitcoin User’s Identity

    | 2016/04/22 2:00 am
  • Genesis Mining is celebrating its two-year anniversary by handing out 5% discount codes to customers through April 11. Since its creation in 2013, the cloud mining service provider has achieved a user base exceeding 180,000 customers. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for their products and/or services. 2 Years of Genesis Mining Marco Streng, Marco Krohn

    Genesis Mining Celebrates 2 Years of Service With 5% Discount

    | 2016/04/08 6:42 pm
  • BW, one of the world’s leading Bitcoin mining hardware manufacturers, have posted an update regarding the status of their 14nm mining chip. As mining chips become smaller, they should consume less energy each while offering the same – or more – hashing power. So far, it seems BW has sold out their first batch of miners already, which is a positive sign for things to come. Also read: Uphold Partners With YES BANK To Strengthen

    BW Delays Public Sale of 14nm Bitcoin ASIC Miners

    | 2016/04/07 8:00 am
  • HashFlare is a cryptocurrency cloud mining company that offers a whole suite of services. Led by a team of mining enthusiasts with a combined experience of 3 years, HashFlare hopes to contribute to the development of mining services as a method of promoting Bitcoin adoption. Disclaimer: This is a sponsored story. Bitcoinist is not responsible for this firm’s products and/or services. HashFlare: Lifetime Bitcoin, Litecoin and Scrypt Mining Contracts The Estonian company caters to a

    HashFlare Offers Top-Notch Cloud Mining Services

    | 2016/03/19 12:32 pm