Today, we are excited to announce the launch of Bitaccess bitcoin purchases at thousands of storefronts across Canada. Customers can now purchase bitcoin using a Flexepin voucher. Available in 6, Canadian retail locations, Flexepin can be bought using cash or a debit card. Buying a Flexepin voucher is like purchasing a gift card. It is bought from a store cashier…
Now that the Bitcoin halving is behind us, the community can breathe a sense of relief. Although no issues were expected, one never knows how markets and miners will react during these historic situations. Albeit the impact on the Bitcoin price is fairly minimal, WSJ reports a 2% decline since the halving. Over the past few weeks, Bitcoin enthusiasts and experts have…
SHA-256 and Scrypt are the two most common algorithm systems used by cryptocurrency miners in order to authenticate blocks of transaction data. The system used, unfortunately, is not up to the miners; it s set by the developers of a given type of currency. When you go to cryptocurrency discussion boards and forums, you ll find there s a vigorous debate between the…
Keeping bitcoin funds safe can be quite a challenge, especially for people who are new to the cryptocurrency world. There are several types of solutions to create a paper wallet, which make the process a bit easier. Do keep in mind that using single keys for anything but one-time paper wallet transfers is discouraged due to security concerns. Below are four paper…
Investor Jim Rogers, of Rogers Holdings fame, has said he missed the boat on investing in bitcoin. “If I were smart, I would have bought it in the early days when people first told me about it. I still don t know enough about it to invest in it.” Future of money? Rogers said there have always been great investments around the world, so he was not focused on digital…
This week, a term emerged that many bitcoiners won t have heard before: transaction malleability. Mt Gox cited it as a key reason for suspending withdrawals, and it was also mentioned as the basis for an exploit used in a massive attack against the bitcoin network this week. So, what is it, how does it work, and should we be worried? Here s what we know. What is transaction…
First, a blockchain is just a database In and of itself, a blockchain is nothing more than a type of database, a giant spreadsheet, keeping a record of historical transactions (in literally anything) between parties. Accountants call that a ledger. Any ledger needs to be maintained by someone whose role it is to make sure the data accurately reflects the state of…
How do you create a 500kW data center that can run inside a high-rise office building? That’s what Allied Control recently did in Hong Kong, where it created a data center that housed custom Bitcoin mining rigs in a rack-mounted immersion cooling system. We’ve as a novel implementation of high-density cooling for ASIC-based systems for validating Bitcoin transactions…
Google is one of the many players looking to venture into the world of peer-to-peer payments shortly, and their Wallet payment solution is evolving over time as well. However, it was rather shocking to hear Google is dropped support for the physical debit cards linked to Google Wallet, as the company is shifting its focus to the mobile ecosystem. Online peer-to-peer…
A lot of people have an opinion about Bitcoin as something shady, something for the criminals. Where has this come from? Is BTC a tool used by ISIS? Let’s have a look at some arguments and facts on this topic. Bitcoin and Silk Road Many of you know what Silk Road was all about. If you don’t here’s a brief description. Silk Road was essentially an Ebay for criminals…
This is the first feature in our three-part series on Bitcoin mining infrastructure. The Bitcoin mining craze is driving the creation of a new breed of computing facilities featuring high-density hardware, low-reliability electrical infrastructure and off-the-shelf enclosures. These “hashing centers” often are built in old warehouses and house servers on shelving…
Exactly how much they’re making is hard to pin down, because the vast majority aren’t required to disclose performance figures (Zhou declined to comment on his). Chinese banks were banned from trading bitcoin in 2013, while capital controls mean foreign firms have a small presence on China’s exchanges. One of the few traders willing to talk about their returns is…
