Last month the biggest MtGox exchange filed for bankruptcy after it lost nearly 850, Bitcoins, it is a fraud, according an unknown hacker who breached into the personal blog and Reddit account of MtGox CEO, Mark Karpeles . As usual cybercrimeis always ready to exploit any event to monetize its effort. The hacker also posted the link to the zip file contained data…
As I mentioned in my previous blog post, when I try to fully understand a new technology, I like to explore multiple aspects of it. Sometime I’m lucky and I end up making some money while learning (if only college was like that…). In this post I will show you how to easily make some extra money or increase your Bitcoin stash by spending only a few minutes a day and…
Based on your ignorance of where to begin, I would strongly encourage you to use one of the existing wallets rather than trying to reinvent the wheel. That said, if you re just using this as an exercise to learn the code, poking around in the code can be a great way to learn. So here s what I can tell you about the wallets. 1) Bitcoin Armory is the most full featured…
Bitcoin payments startup BitPay Inc. has announced a new secure bitcoin wallet that uses Intel Corp.’s security extension hardware to safeguard security. An updated version of BitPay’s original bitcoin wallet called Copay, the new release integrates with Intel’s Software Guard Extensions which are built into Intel’s seventh-generation Core processors as standard and…
The long wait for my Avalon ASIC 3 bitcoin miner was finally over. Almost my entire stash of bitcoin went into this purchase (just over 100btc). Based on the bitcoin mining calculators at the time, this thing was going to pay off my mortgage and then some. Unfortunately, it showed up several months beyond the promised delivery date which, given the increase in difficulty…
What do the 1950s military avionics technology and bitcoin mining servers have in common? In a word – heat, or, more precisely, cooling requirements. Blowing cold air over the innards of military aircraft and satellite electronics 60 years ago was as inefficient as blowing cold air through power-hungry bitcoin mining servers today. It was in the 50s that 3M introduced…
The Hyperledger Project Blockchain technology is more concept than reality. Enter Hyperledger! The Hyperledger project is an open source, collaborative project hosted by the Linux Foundation. Its community is comprised of leaders across many industries including finance, Internet-of-Things, technology and more. At the core of its community based projects is Fabric…
Can data centers tap unused server capacity to mine for Bitcoins? The question occurred to the team at the online backup service iDrive , which performs most of its customer backup jobs overnight, leaving its 3, quad-core servers idle for much of the day. So the company ran a test with 600 servers to see whether Bitcoin mining could become a secondary revenue stream…
Setup Your Wallet in Seconds MultiBit makes setting up your bitcoin wallet fast and easy. After installation, a wizard guides you through the process of creating your wallet and its backup. In no time at all you will be ready to participate in the Bitcoin economy. You control your wallet and your funds: they reside encrypted on your computer and never with a 3rd party…
Screenshot A multi-player server on the wildly popular video game Minecraft has introduced bitcoin to its world as a way of teaching children about digital currency. While in-game currencies exist in several different minecraft worlds, using bitcoin means that players can take their money out of the game and use it in the real world too. The server, PlayMC, features…
There is more and more chatter regarding the possibility of a Bitcoin hard fork. We wanted to provide some early guidance and information to our customers regarding the availability of their assets on all upcoming chains. First of all, it is very important to understand that hardware wallet users control entirely their private keys. So whatever happens, you will always…
The only way to exchange Bitcoin for cash is to find someone willing to trade. In person, this can be slightly inconvenient, since verifying that the Bitcoin have been received involves waiting for confirmations from the Bitcoin network. This is true even if you exchange Bitcoin by sharing the private key to your Bitcoin address, since the recipient will still have…
