• An interesting shift seems to be happening in the world of Bitcoin mining, as one of the largest mining pools is going through a significant dip in hashrate right now. AntPool is one of the mining pools testing the Bitcoin Classic solution, although not in an official “live” capacity just yet. The recent drop in hashrate on the mining pool can be attributed to many possible factors, yet some people feel Antpool needs to switch

    Antpool Hashrate Drops While F2Pool Gains Close To 30%

    | 2016/02/26 3:28 am
  • In an announcement posted to the company’s blog on Medium, 21 Inc. revealed details about the 21 Bitcoin Computer’s unique ability to facilitate micropayments between users. Updates to the group’s main consumer facing product, released in November 2015 and available for $400, now open unchartered possibilities for integration and usage of micropayments for Bitcoin fanatics, entrepreneurs and developers alike. Also read: What’s Causing Bitcoin’s Current Bullish Run? 21 Inc. and Micropayments The post reads: “Today we’re announcing the

    21 Inc. Details Payment Capabilities for its Hardware

    | 2016/02/23 12:00 pm
  • The Avalon 6 ASIC Bitcoin miner is the latest in Bitcoin hardware from Canaan-Creative/Avalon. Much like the Avalon 4, the new housing makes for a streamlined cooling and setup method. Canaan-Creative, who resurrected the damaged Avalon brand, has worked hard on these next gen ASICs as well as their customer service. This effort has led to the partnership with BlockC.co for distribution. BlockC sent an Avalon 6 for review using their new distribution center in Silicon Valley. Having

    Avalon 6 Review: 3.5 TH/s ASIC Bitcoin Miner Is Stable and Powerful

    | 2016/02/08 8:00 am
  • The ongoing Bitcoin block size debate has been a source for a fair bit of controversy and discussion in recent months, but it finally looks like a decision is just around the corner. With Bitcoin Core having to address some security concerns regarding segwit, and Bitcoin Classic going into beta testing today, developers are off to the races to compile a properly secured block size solution. Antpool is upping the game by announcing beta testing

    Antpool Announces Bitcoin Classic Beta Testing

    | 2016/02/01 3:13 am
  • January 28, 2016 — This Tuesday, AMD launched GPUopen, a suite of MIT-licensed development tools for graphics and GPGPU applications. GPGPU is integral to making mining hardware profitable for many cryptocurrencies, and with the upcoming launch of Vulkan and the recent Hack of AMD’s GCN architecture, many interesting possibilities for the Mining and Cryptocurrency communities present themselves. Also Read: Bank of England Considers Distributed Ledger Technology To Revamp UK Financial Infrastructure   The Trouble with

    AMD Launches GPUOpen: Potentially Huge Boon for Cryptocurrency

    | 2016/01/28 6:47 am
  • January 25, 2016 – For the first time Ever, The bitcoin network has exceeded one Exa Hash/s, or approximately 10.8 ZettaFLOPS per second, according to bitcoinwatch.com’s aggregate metric. This makes the bitcoin network around three-hundred-thousand times more powerful than the world’s fastest supercomputer, the tianhe-2 — clocking in at ~34 PetaFLOPS, and over 43 thousand times faster than every supercomputer on the TOP500 list combined. In theory, the network could be repurposed to run a

    Bitcoin Hash Rate exceeds 1 EH/s For the First Time

    | 2016/01/25 1:25 am
  • The Bitcoin block size debate has taken another interesting plot twist in the past few hours. F2Pool, one of the largest Chinese Bitcoin mining pools in the world, has announced they support the hard fork for an increased 2MB block size. While the post on BitcoinTalk is a weird translation from Chinese to English, it looks like F2Pool might be attempting to push people to accept the Bitcoin hard fork. Not a great move in

    F2Pool Statement Indicates Plan To Hard Fork 2MB Bitcoin Block Size

    | 2016/01/18 4:36 am
  • At least one major Bitcoin mining firm has endorsed, and plans to adopt, Bitcoin Classic. Also read: Registration for D.C. Blockchain Summit Now Open KnCMiner gets on Board with Bitcoin Classic KnCMiner, based in Stockholm, Sweden, specializes in Bitcoin ASIC miners. In a note to personal confidants, which he allowed to be shared to social forums, KnCMiner CEO Sam Cooke discussed his thoughts on the so-called “constitutional crisis” now facing Bitcoin in regards to its

    KnCMiner Endorses Bitcoin Classic

    | 2016/01/17 8:00 am
  • Genesis Mining recently announced a new type of cloud mining contract that will let users mining Ethereum. It was only a matter of time until one of the cloud mining providers started looking at Ethereum contracts sooner or later. These new Ether Cloud Mining contracts will run for one year, and offer some interesting alternatives when the digital currency switches to Proof-of-stake. Also read: The Bitcoin Foundation is Dead, and That’s Probably a Good Thing

    Genesis Mining Introduces Ethereum Cloud Mining Contracts

    | 2015/12/16 2:09 pm
  • Just recently a new hunt for Satoshi Nakamoto has come back to life. Many mysteries of the digital currency’s path had entered the public eyes especially concerning the early days of Bitcoin’s existence. Questions were asked in regards to Satoshi’s anonymity and his possible linkage with people like Craig S. Wright, which brought quite a bit of new detectives to the table. Also read: Russia’s Sberbank Openly Shows Interest in Blockchain Technology On January 9, 2009,

    Bitcoin Is More Anonymous Than We Think

    | 2015/12/13 10:08 am
  • Genesis Mining, one of the oldest and one of the more reputable cloud mining providers, has recently passed its 100,000th customer milestone; the achievement was coincidental with Black Friday. The promotions and discounts Genesis Mining have recently announced to celebrate this were certainly not. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with Genesis Mining and is not responsible for its products and/or services. In addition to giving the 100,000th customer $1000 worth

    Genesis Mining Surpasses 100,000 Customers, 11% Orders For Black Friday!

    | 2015/11/29 1:00 pm
  • Scalability is an issue that keeps plaguing the world of computer science and electronic engineering. Even though computer chips are becoming smaller and smaller over time, there is only so much space that can be filled with all of these electronic components. Addressing the scalability issue is just a matter of decentralizing the computing processes, according to various industry experts. But IBM is not so convinced, as they are experimenting with 5D blood to solve

    Is 5D Blood The Answer To Making Bitcoin Mining More Efficient?

    | 2015/11/08 1:37 am
  • When BnkToTheFuture’s chief executive Simon Dixon says that stock exchanges around the world have a long history in listing gold and oil mining stocks, but Australia will become the first ever to list this new form of mining stock, it makes a lot of sense. The country has a hot and cold reaction towards the digital currency technology; however, the latest move where the world’s first Bitcoin mining IPO is drawing near, it is moving

    BnKToTheFuture Hosts Fund for Australia’s First Bitcoin Mining IPO

    | 2015/10/21 8:00 am
  • BITMIN is a company that offers investors a platform with a lower entry barrier to mining, which is becoming more important due to the fact that the competition in Bitcoin mining has increased, and will continue to do so. The idea was conceived by Sathes Kumar, a person that wanted to give people a real chance at earning profit from Bitcoin mining after seeing the extremely high costs of competitive Bitcoin mining.  Also read: October

    BITMIN Quarter of Way through Crowdfund Campaign, New Cloud Mining Company!

    | 2015/10/16 8:00 am
  • The approaching halving of Bitcoin’s block reward is the subject of much optimism among Bitcoin enthusiasts and price speculators. Hardcore believers, uncaring about its exchange rate, look forward to the “halvening” as a milestone in Bitcoin’s history. Each block reward halving represents a triumph for Bitcoin, for they signify that Bitcoin has remained relevant enough for mining to continue. Speculators, on the other hand, look to the halving as a source of hope. Since the

    The Bitcoin Halving: Deflating the Hype

    | 2015/09/25 8:00 am
  • Bitmain recently announced the Antminer S7 specs using their new BM1385 ASIC. This step is a big one, as the S7 is shipping to anyone around the world from small home miners to large data centers. Many other manufacturers are only using in-house or for the certain large mining operations that have announced new chips. Recently, we interviewed Jihan Wu co-founder of Bitmain. After the interview, Jihan sent a Bitmain Antminer S7 to review. The miner

    Exclusive 1st Review: Bitmain Antminer S7, 4.8+ th/s Using Only 1250 Watts

    | 2015/09/13 4:17 am
  • Bitcoin mining company BitFury’s CEO Valery Vavilov has been clear on the company’s stance in the Bitcoin block size debate. When we contacted him for his thoughts on the debate, Valery sent a full statement detailing where BitFury stood on the issue and why. While going over this statement with BitFury, they gave us access to the news of their new 16nm chip announcement. The timing of this release follows its climb to the second largest hash rate provider in

    BitFury CEO Talks BIP 100 and Announces 16nm Bitcoin Mining ASIC Chip Tapeout

    | 2015/09/02 9:00 am
  • The current Bitcoin block size debate has dragged in everyone from all corners of the Bitcoin industry. Miners and Mining pools have recently begun to have their say, with nearly all of them supporting an increase in block size. However, with over 62% supporting the BIP100 variant, the XT proposal has been left for dead. At any rate, XT sparked a needed debate in the Bitcoin community. While all of this has been going on,

    Exclusive Interview With Jihan Wu of Bitmain on S7, Block Size Debate and More

    | 2015/09/01 7:50 pm
  • The confusion and tension surrounding the term “Bitcoin XT” is what many are pointing toward as a major factor of why the Bitcoin price has fallen significantly from the used-to-be norm of around $280. What exactly is BitcoinXT, and why is it causing so much controversy, to the point where mods on r/Bitcoin are censoring discussions regarding it? Also Read: Block Size Debate Takes Turn: F2Pool Rejects XT, Adopts BIP100 Instead What is BitcoinXT? BitcoinXT,

    BitcoinXT: Evolution or Revolution?

    | 2015/08/27 3:00 pm
  • The current Bitcoin blockchain block size debate has been very contentious. When Gavin Andresen and Mike Hearn released BIP101/XT last week, they emphasized the need for an increase to the Bitcoin block size to address concerns of transaction scaling as adoption increases. Instead, it has touched off a war in the Bitcoin community, dev teams, miners and mining pools. The latest news on the debate is the fact that BIP100 has been adopted by F2Pool, BitClubPool, and Kano.is

    Block Size Debate Takes Turn: F2Pool Rejects XT, Adopts BIP100 Instead

    | 2015/08/25 2:39 am
  • Cloud mining services do not have the best of reputations in the world of Bitcoin and virtual currency. Most of these cloud mining companies have been struggling to make ends meet, which can be partially blamed on the low Bitcoin price. On the other hand, there have been quite a few cloud mining services who have turned out to be Ponzi schemes. It looks like Scrypt.cc has deliberately made some wrong moves to defraud customers

    Cloud Mining Provider Scrypt.cc Drains Bitcoin From User Balances

    | 2015/08/22 11:11 am
  • While the discussion about Bitcoin Core vs. Bitcoin XT carries on across the world, various mining pools have already implemented the block size changes proposed by Bitcoin XT. Judging from the latest BlockTrail API statistics, multiple “XT” blocks have been mined on the Bitcoin network, all of which are 8 MB in size. Is this a sign of things to come, or just a flash in the pan? Also read: BitPay in Favor of Merging

    Bitcoin XT Blocks are Being Mined on the Network Right now

    | 2015/08/22 12:42 am