In November 2008, a paper was posted on the internet under the name Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System. The paper is only nine pages long. If you remove the diagrams throughout and references on the last page, it would probably come in at around five and a half pages. Abstract A purely peer-to-peer version of electronic cash would…
So while KNC just dropped news about the fastest scrypt miners goign out within a week – 300mhs Titans we will speak about KNC Neptunes – the faster sha256 miner on the planet for now. Batch2 just dropped few weeks ago yet seems some peopel had unusual issues. Ive reached them and compiled this article with full KNC Neptune Troubleshooting. KNC Neptune 3th Miner Easy…
Investors Tyler and Cameron Winklevoss are another step closer to offering the first Securities and Exchange Commission (SEC) regulated bitcoin investment product following a request for comment published Friday. Last month, BATS proposed a rule change that would result in the listing and trading of the Winklevoss Bitcoin Shares issued by the Winklevoss Bitcoin Trust…
Rather than working towards a centralized mining solution, I think we should focus our early efforts on a decentralized solution: p2pool. Zcashd, p2pool, and a standalone miner will all run on the same machine (no third party server needed). Not only does this prevent centralization of mining, but every miner will also be a full node. To achieve this we need to do…
U.S. District Judge Alison Nathan in Manhattan rejected a bid by Anthony Murgio to dismiss two charges related to his alleged operation of Coin.mx, which prosecutors have called an unlicensed bitcoin exchange. Murgio had argued that bitcoin did not qualify as funds under the federal law prohibiting the operation of unlicensed money transmitting businesses. But the…
Bitcoin exchanges allow you to buy or sell bitcoins, the ask price is the lowest price a seller is willing to accept for their bitcoin. The bid price is the highest price a buyer is willing to pay for your bitcoin, you can click the bid price column heading to re-order the bitcoin exchanges by bid price. Spread is the difference between the ask and bid prices. Last…
The reward for mining Bitcoin is expected to see the second halving in its history later this year, potentially in June or July. Bitcoin, a deflationary store of value as opposed to reserve currencies and fiat-money, has had its total supply limited to 21 million bitcoins since the original code released by Satoshi Nakamoto in 2008. Unlike fiat currencies that can…
The week after bitcoin mining reward halving, ForkLog decided to compile a short overview on the history of mining methods. Generally speaking, bitcoin mining is a process of cryptographic calculations. As we know, bitcoins are mined in blocks, and the more there are generated coins altogether, the smaller is the block size. Initially, a block was just 50 BTC, but…
Ethereum’s developers set course for mining-free model Blockchain seen as potential backbone for business, finance Marco Streng’s computer servers are what make Ethereum tick. Thousands strong, they whir day and night, solving the complex math riddles that are essential to verifying transactions on the hottest new platform in the world of cryptocurrencies and blockchains…
We are working hard to bring back GBP wires as soon as possible. Currently, the only way to transfer funds to your Coinbase account would be to use SEPA or to purchase using a 3D Secure enabled credit or debit card. Prior to sending funds, you will need to look into your bank s policies on exchanging for EUR as well as any other fees they may apply for this service…
Many digital currencies face the problem of double-spending: the risk that a person could concurrently send a single unit of currency to two different sources. This moral hazard arises due to the trivial reproducibility of digital information, and the information asymmetry that can result from this. Double-spending occurs when an agent can easily conceal or misrepresent…
The latest plunge in Bitcoin has been triggered by worries around China and the Chinese government, both of which hold a stake in Bitcoin. It is no secret that the government in the People’s Republic would like to halt the meltdown in the Renminbi. As Bloomberg reported: “China’s foreign reserves fell to a five-year low of $3.05 trillion as of November as the world’s…
