During our news reporting, interviews, articles, academic life, and networking, we made some interesting connections and friends from all walks of life. So why not do a special interview with some of our connections we’ve build up? That is the exact thought we at Bitcoinist had. However due to the high status and fame these people and their companies have, we will not use their original names. These prominent people speaking out for or
The rumors have been flying that the UK Treasury is looking into digital currencies and how to create some form of legal net for these currencies. The UK Treasury is asking for information on new digital currencies from the public, law enforcement agencies and financial regulators. However, most of these people do not know what digital currencies are. That is why the UK government is giving the hand of friendship toward the Bitcoin
EmerCoin (EMC) is a decentralized cryptocurrency that enables international payments for practically zero fees and without reliance on a third party. Made for the real world, it is completely global and decentralized. EMC is developed by ppc.fixx.ru team that has specifically designed it for real world transactions, employing emergent technologies to create a new currency with both long-term and real broad application. Emercoin was the first in the history of crypto currencies, to used STUN protocol that allows obtaining external IP addresses, instead of WEB-services.
Everything is happening incredibly fast. We are growing and our services are evolving so rapidly we sometimes even forget to mention all that we achieved. Sharing news is something that we should definitely do more often, and as an attempt for improvement, we hereby present you some of our latest accomplishments. We hope that this will only make you want to know more! Price Reduction- This is simply incredible. We have never thought it will
One of the many issues that has a lot of Bitcoiners periodically soiling their pants in fear is that of mining pool centralization. Earlier this year was a crisis with GHash.io and in the year before was one with BTCGuild (which has announced it is going offline soon. How the mighty have fallen). Naturally, nothing came of these supposed crises other than all manner of exhibitionist hang-wringing, such as when Peter Todd told everyone he
KnC Miner has announced their expansion of an additional 20 MW to their data center in what they call the Node Pole by the arctic circle. The Node Pole is their nickname for the mining operations so far north. The new data center will be called Boden 2 and bring their site to a total of 30 MW and 15000 square meters. They are to have the new mining data centers operational by the end
We were in the Crazy Sin City at one of the most exciting bitcoin conference of this year. Hashers United Bitcoin Mining Conference. We had a chance to talk to Marshall Long, executive director of Hashers. Bitcoinist -This is the first ever mining conference in the industry so congratulations guys for putting it together! This is the second day of the two days conference here in Las Vegas. Amazing speakers, lot of audience. Excited to
Cryptocurrency is a world full of “firsts”. Bitcoin was the first coin, Litecoin was the first scrypt coin, Peercoin first established POS, Darkcoin was the first successful privacy centric coin, things like that. Today I’m here with Robert Murray, owner and founder of Umbrella Holdings. Umbrella plans on releasing cryptocurrencies which will help insure losses against Bitcoin and Litecoin right now, with potentially more in the future. What is Umbrella? Umbrella is an insured cryptocurrency
A new and much waited crypto currency project has opened the Initial Coin Offering (ICO) today. Breakout Coin is a cryptography-secured game token used at the heart of our revolutionary gaming platform. Breakout Coin will bring a positive change to an already booming online gaming industry. Breakout Coin is trying to reunite the online gaming industry and digital currencies.
In this article I will explain how the size of Bitcoin blocks is determined in the absence of an arbitrary size limit. Oleg has already written an excellent post on this topic, but I have a few things to add and I wish to relate the discussion to the current debate over increasing the block size. If the maximum limit on block size is removed, it is not the case that blocks will simply grow
Foldingcoin is a new project developed by the Stanford University and it aims to bring a new kind of functionality to CPU and GPU mining. How about donating your processing power to scientific research in medicine!? Stanford University has developed a project for this same reason! Until now, you could donate your processing capacity to assist in scientific research without any kind of compensation whatsoever, but with the Foldingcoin Project this is about to change.
Update: Hashprofit was shut down according to their statement because of a DDoS attack. We tried to contact them to get some more information regarding this issue but we haven’t received any response from them yet. The official statement from HashProfit.com: We’re resuming work of service in a protected mode today. Despite all the warnings from service’s administration many users have succumbed panic moods and have taken a number of actions which discredited and abused
Bitcoin Paypal and Bitcoin! A compelling read by Nuno, Paypal has finally delivered on its word after what seems now like weeks of teasing acceptance of Bitcoin. Finally Paypal has signed a partnership with popular Bitcoin processors such as BitPay, Coinbase and Gocoin. It first started with people using Braintree able to accept Bitcoin, now it’s people using Paypal’s Payment Hub for digital goods which in turn may mean you could purchase your favorite steam
Butterfly Labs was one of the very first mining firm is now in deep trouble as US Goverment is taking legal actions against them. Butterfly Labs was accused of fraud and misrepresentation. FTC documents say that the companies assets were frozen. The story began with really upset customers who failed to received their pre paid miners. Butterfly Labs has violated Section 5(a) of the FTC Act. BFL were basically engaging in “unfair or deceptive business
Some interesting news released by CoinPrism as they are going to offer the lowest price in the cloud mining market. With the recent emergence of GAW Miner Hashlets which offer the cheapest cloud mining experience at the moment, it will be quite intereting to see if CoinPrism will be able to match the prices and promotions being offered by CoinPrism. Not to mention the ZenPool, exclusive to zenhashlet, and prime hashlet miners, it is the
GAW Miners one of the world-leading cryptocurrency hardware providers, has announced the launch of the world’s most easy-to-use bitcoin miner, The Hashlet Genesis. With its starting price at $9.95 it is lower than any other bitcoin miner in the world. This announcement comes soon after GAWMiners launched their cloud mining services, marking the beginning of the CLOUD Era for the Company. For Josh Garza GAW Miners CEO, the path to the future of crytocurrency mining
This article will present an overview of Bitcoin-Trader investment opportunities. Bitcoin-Trader is a digital currency investment management company launched at the end of 2013, offering Bitcoin related investments to the general public. In April 2013, the Bitcoin-Trader Team decided to develop a business model of its own. As the result Bitcoin Trader was born, with a clear vision to create a company that revolutionizes the way to earn residual income, with the main focus on
ASICRising, a German start-up is trying to find investors to produce a new high-performance microchip that it says would make bitcoin mining much cheaper and energy efficient. The process of mining is becoming increasingly expensive. While mining requires enormous amounts of energy to feed the computing power and cooling systems needed to get the hashing done, ASICRising happily says it has found a solution to this problem: an energy-efficient, low-voltage chip that together with specific
Today we have Bitcoin Cloud Services, yet another cloud mining service. Let’s see what they have to bring to the table. 1.What inspired the idea for Bitcoin Cloud Services? I started mining back in 2011, but eventually due to the competitive nature of the Bitcoin network it got more difficult to get early access to hardware. With hardware delays from most of the manufacturers it became almost impossible to the average user to get involved
Cointerra’s last big action was the acquisition of the Hungarian bitcoin software company Bits of Proof . With this move they are trying to strengthen their back end support for their cloud hashing services. CoinTerra provides large scale Bitcoin mining hash power through its multiple state-of-the-art datacenters installations employing the highly scalable TruePeta™ deployment architecture. However this is not why we write about this company today. I had a chance to meet Cointerra CEO Ravi
CEX.IO, a cryptocurrency exchange as well as a cloud mining platform, was seen at the CoinSummit conference where it was a platinum sponsor. With the ability to trade Gigahashes (GH/s) on www.cex.io and put them to work automatically at Ghash.IO, its a killer combo that can’t be beat. The CoinSummit conference was a Bitcoin conference held in London a couple weeks back, from July 10-11. As well as being a platinum sponsor, Jeffrey Smith, the Co-owner
Presenting a cryptocurrency like Bitcoin, but with the goal of harnessing all the computing power and energy a cryptocurrency generates towards a meaningful scientific and medical purpose. What is Cure Coin? So much energy and power is wasted on re-securing the blockchain and computing arbitrary hashes for Bitcoin. CureCoin is an alternative cryptocurrency that boils down to a proof of work system based upon valuable computer calculations. Cure Diseases Valuable scientific and medical data is provided by the
With innovative features like B.Y.O.E and “Project X”, ARAWR isn’t your run-of-the mill mining company. If your looking for up to a terahash of cloud mining at a competitive rate, consider ARAWR. 1. What sparked the idea of your company? I started mining back in 2010, and have been addicted ever since. I guess you could say that this is what started the idea for Arawrmc.com 2. History of Development? We started off rather humbly mining