BTCS, also know as Bitcoin Shop, Inc, has announced the acquisition of additional ownership within Coin Outlet. The company also announced the deployment of new transaction verification servers in a new location, which will lower operating costs for the company by 30%. Both of these announcements signify forward moving progress for BTCS’ vision of becoming a universal platform. The goal of BTCS is to give users the ability to engage with the digital currency ecosystem
BitFury’s work in both Bitcoin transaction processing (mining) and growing venture capital funding has also come with the growth of the company’s leadership team. Their latest addition is Jason Weinstein Former US Deputy Asst Attorney General. BitFury recently hired Young Sohn, Samsung Electronics, president and chief strategy officer; he also took a position on their strategic advisory board. Also Read: Bitcoin Mining vs. Gold Mining: a Comparison Jason Weinstein has an interesting background with experience
KNC is a well-known mining company based in Sweden for releasing ASICs last year of massive hash rate, namely the Scrypt ASIC miner Titan. At time of announcement when Scrypt was still heavily GPU mineable, the Titan was capable of hashing 250-300 mh/s, and up to 400mh/s for the second batch of orders at a equally titanic price of $10,000. Also Read: Bitcoinist News Bits: The KnC Lawsuit Investigation Shortly after KNC delivered the first Titans,
Avalon has a storied name in the Bitcoin ASIC Mining industry. As one of the first companies to produce and ship ASIC gear, they had several models that were excellent sellers. Simple to use and powerful at the same time. Other manufacturers have stepped up in power and performance since those days. Canaan Creative CO., LTD the company behind the current Avalon name released not too long ago the Avalon 4.1 Bitcoin ASIC miner. The
It seems that the popular p2p download application Utorrent has included in its latest update a “malicious” software that once installed is able to use your computer processor to mine bitcoins.
If you peer over to Litecointalk, a forum dedicated exclusively to Litecoin, LTCGear has been a rather infamous topic for the last couple of months. LTCGear started by a member by the username Beekeeper, also known by his real name Chris. When Chris started the service, members both senior and junior ravished over its profitability, legitimacy and was always out of stock due to these reasons. Then starting in December of last year, LTCGear started
Bitcoin Shop is a company that is trying to improve four main aspects of Bitcoin: Ways to shop with Bitcoin- with Bitcoin Shop The way you store Bitcoins – with BTCS Wallet The way you mine – with BTCS Mining Ways to exchange Bitcoin – BTCS Atms Through strategic partnerships, investments, and purchases they are doing just that. I’m here with Charles Allen, the CEO over at BTCS. Charles has big ambitions and rather than
Spondoolies-Tech is entering the cloud mining market by joining forces with Genesis Mining. The news is big as Guy Corem of Spondoolies has been very vocal about many cloud mining companies being a scam. Guy also does not believe in self-mining as he feels it is immoral to compete with your customers for the Bitcoin rewards. Marco Streng of Genesis Mining is also very positive about the new partnership. As one of the remaining cloud
In October of 2014, Gavin Andresen sparked a community-wide debate over the future of the hard-coded, 1 MB size-cap on Bitcoin blocks. Andresen proposed a change to the Bitcoin protocol that would implement an upward-scaling block size limit, necessitating a hard-fork of the blockchain. Many people opposed this idea — mainly on economic grounds. They argued that a constantly increasing block size limit would make the supply of block-space far outstrip the demand for transactions,
FinalHash CTO Marshall Long announced that they had just closed the deal on purchasing Betarigs. Betarigs is a popular service that allows Bitcoin and Cryptocurrency miners to rent hash power and point it at their pools or even lease out their personal miners to others. FinalHash has been part of the Bitcoin and Cryptocurrency ecosystem for quite a while behind the scenes. They have become more visibly active hosting recent the Hashers United conference in
2015 hasn’t started in the best way for bitcoin. The constant decrease in its price has been dizzying and miners have been without any doubt the most affected by the skydiving price. This steady decline of the bitcoin price began to question the profitability of big mining operations due to high energy costs. This led to some of the major cloud mining companies to adopt more extreme measures.
In the ongoing discussion about Bitcoin price volatility, one theory for a rapidly falling Bitcoin price is the fact that so many coins are mined every day. Currently, Bitcoin miners produce 3600 coins daily. These miners must pay bills, such as rent and electricity, which cannot presently be paid for with Bitcoin. Therefore, large portions of Bitcoin mining profit must be converted to fiat in order to pay expenses and keep Bitcoin mining operations afloat.
The mega mining Company Cex.io is temporarily suspending their cloud mining operation. The company has made an announcement on their official Blog stating that the cloud mining operation related services would be suspended at the time of the next bitcoin difficulty increase: “Taking into consideration our users’ interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining
AsicSpace is an interesting project led Damir Kalinkin and Robert Van Kirk, which involves hosting Bitcoin mining equipment. When I contacted Robert regarding an interview he was quite excited to answer my questions and he did so assertively. Robert answers questions regarding AsicSpace and their role in the bitcoin mining industry. He also addresses how AsicSpace works in a customer point-of-view which should be interesting to those interested in having your equipment hosted by them:
Recently Mate, Norbert and I were able to sit down and have a video review featuring the Spondoolies-Tech SP20 Jackson. The SP20 is a very critical miner as it comes at a time when being able to mine at home is getting more difficult. The loss of home mining is happening due to the constantly spiking hash rate, increasing difficulty and the rise of the mega mining farms. Spondoolies-Tech is dedicated to Bitcoin mining
Recently ZeusMiner decided to cancel their anticipated Volcano next gen Scrypt miner. The move to stop manufacturing chips and miners is being made in favor of shifting completely to their cloud mining platform ZeusHash. The move was a difficult one for ZeusMiner as it is a successful chip and hardware manufacturer who provided Scrypt ASIC miners to miners directly and also to vendors as ZeusMiner branded and OEM. The change was one that was especially
Bravenewcoin, a company I’ve talked to in the past, was all about giving the end user the most amount of information over a variety of cryptocurrencies, and using powerful tools to compare them. While for people that have holdings in cryptocurrency this may be useful, what about people that just want to get into Bitcoin? This is where Bitcoin.info comes in, allowing easy access to market data and more regarding Bitcoin. 1. For those that don’t
KnCMiner, a company, based in Sweden, has unveiled their new line of Solar chips which will have a 16 nm process. Currently, most updated chips run on a 20 nm process. 20 nm process chips can achieve the efficiency of .7 W per Gh/s. 16 nm chips are believed to improve the efficiency of mining tenfold, resulting in an efficiency of .07 W per Gh/s. With these specifications, a 1.4 KW miner that could be
Slush’s Pool was introduced in late 2010 and was the brainchild of Marek Palatinus who saw a need for pooled mining resources to be able to keep more people mining Bitcoin. He developed the Stratum style of mining to help miners receive payouts in a landscape of escalating mining power. The development of Slush’s Pool brought with it a new era of Bitcoin mining and changed forever the way we mine Bitcoin and many other
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