Community of Entrepreneurs Bitcoin has a higher concentration of entrepreneurs than any other community. Reimagining money is important to us, so it’s natural for digital currency enthusiasts to share entrepreneurial spirit. It’s no surprise that Bitcoiners have built profitable businesses on Purse. The idea is straightforward: arbitrage the Purse discount. Step 1:…
An R&D division of mining giant Bitmain has launched a new pool. Having mined its first block as part of a closed beta three months ago, BitmainTech Israel Ltd is now opening its ConnectBTC pool to global bitcoin miners, inviting them to run the software as a way to combine resources with other miners and better compete for bitcoin s rewards. ConnectBTC manager…
Recently, the GHash mining pool breached Bitcoin etiquette to become a 55% miner for Bitcoin . This collapsed the key value proposition of Bitcoin, namely, its decentralization. In turn, there has been considerable criticism and backlash. Many people in the community, including us, have noted that etiquette or the good will of miners are not sufficient to keep monopolies…
The digital currency Bitcoin is having a bit of a moment, which is drawing the attention of cybercriminals. They don’t want to steal your money (though there is some of that too). Instead they want to hijack the processing power of your computer to create more bitcoins out of thin air. There is no company, central bank, or government behind Bitcoin—there is only math…
When accepting blockchain payments through Coinify we have seen a 3% increase in margins. Furthermore we have had zero chargebacks from our hundreds of digital currency customers. It is a pleasure working with Coinify and their payment solution is very easy to use. Secure Payments for Payment Providers We are very happy about using Coinify blockchain payments for…
If you’re interested in technological, financial or social innovation, you’ve probably heard of Bitcoin. It’s a virtual currency used by people around the world to make purchases online, or in person using a mobile app. As more merchants accept the currency — and more companies pitch Bitcoin investments — more people are curious about how it works. Unlike dollars…
UPD: Campaign is ended. No wallets are left. Bitcoin ATM is one of the easiest ways to acquire bitcoins. However, after you have bitcoins in your wallet – now it matters to keep them safe. At the moment, the most reliable way to store bitcoins is using a hardware wallet. We’ve already written a post in our blog about how to buy bitcoins from ATM directly into hardware…
Modern fiat currencies depend for their value on confidence in the laws of the states that issue them. Some nations, like the United States with its established central bank, inspire substantial confidence relative to nations that may debase for their currency for political objectives. But no nation can absolutely insulate its currency from political manipulation…
From trying to design my own ASIC-I got as far as having a simulated but not completely debugged Verilog implementation-I can tell you how mine would have worked. Whilst I have not checked, the design choices seem so obvious to me that I doubt anyone would do it differently. The inner loop of the mining process is a double SHA-256 hash of data where only one 32-bit…
The maker of ad-blocking browser Brave, which plans to give users the option to view ads in exchange for micropayments in bitcoin, has responded to a cease-and-desist letter it received today from members of a major newspaper trade group. Seventeen members of the Newspaper Association of America (NAA), including The New York Times , The Washington Post , and The Wall…
One ambitious bitcoin company is seeking to make mining a hobbyist activity again. China-based Bitmain let slip today it will soon release its latest bitcoin mining rig, the R4, which it believes will be powerful enough to bring mining back home . Representatives for Bitmain said in an email to CoinDesk that the R4 is the second most powerful bitcoin miner in the…
The onslaught of DDoS attacks targeting bitcoin websites around the world isn’t showing any signs of abating as an Indian bitcoin exchange came under attack today. Indian bitcoin exchange Coinsecure saw a spike in traffic this Monday morning local time. The number of connections attempting to reach the website was enough to disrupt exchange activity. Operational delays…
