Jonathan Silverman unveils the The Standard Bit – a Wall Street insider’s guide to Bitcoin …
The post From Wall Street to Bitcoin appeared first on Bitcoin Magazine.
Jonathan Silverman unveils the The Standard Bit – a Wall Street insider’s guide to Bitcoin …
The post From Wall Street to Bitcoin appeared first on Bitcoin Magazine.
Butterfly Labs has donated 1,000 BTC – currently valued at more than $120,000 – to the newly established Bitcoin Development Fund. This is a meta-charity that supports a wide variety of bitcoin related charities and open-source projects: The Bitcoin development fund was created to support projects that benefit the greater bitcoin community. Special emphasis is placed on supporting open source code development as well as charitable organizations. This donation is from a wager in October, 2012 that they would meet their power target of 1 GH/s per 1.1 Watts of power in their ASIC bitcoin miners. Butterfly Labs completed shipping their June 2012 pre-orders of 5 GH/s miners yesterday, which did not meet this speed to power ratio. It is not clear whether this Bitcoin Development Fund would exist if Butterfly Labs had won their bet, however they were the inaugural donation. So far, 226 bitcoins have been allocated to three different projects: The Electronic Frontier Foundation (EFF) supports electronic freedom through legal methods, while CGminer and BFGminer are open source…
The post Butterfly Labs Donates $120,000 to Bitcoin Meta-charity – Bitcoin Development Fund appeared first on The Genesis Block.
Butterfly Labs has donated 1,000 BTC – currently valued at more than $120,000 – to the newly established Bitcoin Development Fund. This is a meta-charity that supports a wide variety of bitcoin related charities and open-source projects: The Bitcoin development fund was created to support projects that benefit the greater bitcoin community. Special emphasis is placed on supporting open source code development as well as charitable organizations. This donation is from a wager in October, 2012 that they would meet their power target of 1 GH/s per 1.1 Watts of power in their ASIC bitcoin miners. Butterfly Labs completed shipping their June 2012 pre-orders of 5 GH/s miners yesterday, which did not meet this speed to power ratio. It is not clear whether this Bitcoin Development Fund would exist if Butterfly Labs had won their bet, however they were the inaugural donation. So far, 226 bitcoins have been allocated to three different projects: The Electronic Frontier Foundation (EFF) supports electronic freedom through legal methods, while CGminer and BFGminer are open source…
The post Butterfly Labs Donates $120,000 to Bitcoin Meta-charity – Bitcoin Development Fund appeared first on The Genesis Block.
Exponential leap in Bitcoin hash ratesCoinDeskWe have just observed a significant step up in the difficulty of Bitcoin hashes. This has come after a sharp rise in the total number of hashes per second on the Bitcoin network. Over the past 24 hours the …
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Exponential leap in Bitcoin hash ratesCoinDeskWe have just observed a significant step up in the difficulty of Bitcoin hashes. This has come after a sharp rise in the total number of hashes per second on the Bitcoin network. Over the past 24 hours the hash rate has jumped from 127701 GH/s to ... |
“I assign a 0% probability that we will continue with the present proof of work function. The present proof of work function is not going to survive the year. Period. If there’s one hard prediction I’m going to make it’s going to be that.” – Dan Kaminsky Dan Kaminsky’s statement at the bitcoin conference in San Jose proved extremely controversial. While many may find it unlikely that the mining algorithm changin is a certainty, it does raise the question of what would happen to bitcoin if there were a hard forking event in the future. On March 11th, 2013 there was an accidental hard fork – two separate block chains were created that effectively made alternate transaction timelines. Shortly after the new 0.8 software was introduced, a block was found using the upgraded software that caused the 0.8 block chain to be incompatible with 0.7 software. Two forks were created, one for each bitcoin software version. This was quickly corrected by miners reverting back to 0.7. However, if an intentional…
The post Go Fork Yourself – Life After a Bitcoin Hard Fork appeared first on The Genesis Block.
“I assign a 0% probability that we will continue with the present proof of work function. The present proof of work function is not going to survive the year. Period. If there’s one hard prediction I’m going to make it’s going to be that.” – Dan Kaminsky Dan Kaminsky’s statement at the bitcoin conference in San Jose proved extremely controversial. While many may find it unlikely that the mining algorithm changin is a certainty, it does raise the question of what would happen to bitcoin if there were a hard forking event in the future. On March 11th, 2013 there was an accidental hard fork – two separate block chains were created that effectively made alternate transaction timelines. Shortly after the new 0.8 software was introduced, a block was found using the upgraded software that caused the 0.8 block chain to be incompatible with 0.7 software. Two forks were created, one for each bitcoin software version. This was quickly corrected by miners reverting back to 0.7. However, if an intentional…
The post Go Fork Yourself – Life After a Bitcoin Hard Fork appeared first on The Genesis Block.
Fashion E-Store Helps People Spend Their BitcoinsPSFKWith Bitcoins becoming an evermore popular form of currency, one startup called Bitfash is trying to help you spend them on clothing from top fashion brands. Launched in April by founders Chris Woods…
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Fashion E-Store Helps People Spend Their BitcoinsPSFKWith Bitcoins becoming an evermore popular form of currency, one startup called Bitfash is trying to help you spend them on clothing from top fashion brands. Launched in April by founders Chris Woods and Keyur Kelkar, the company is based in Australia ... |
Fake Mt. Gox pages aim to infect Bitcoin usersHelp Net SecurityMt. Gox is the the largest Bitcoin exchange in the world, and as such it and its users are being repeatedly targeted by attackers. Some two months ago, it battled a massive DDoS attack that…
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Fake Mt. Gox pages aim to infect Bitcoin usersHelp Net SecurityMt. Gox is the the largest Bitcoin exchange in the world, and as such it and its users are being repeatedly targeted by attackers. Some two months ago, it battled a massive DDoS attack that was likely aimed at destabilizing the virtual currency and ... |
CoinDeskHow Bitcoin lets you spy on careless companiesWired.co.ukWhen Foodler jumped on the Bitcoin bandwagon a few months ago, it seemed like an interesting way to drum up new business. But it turns out that, for some, Bitcoin business can come with a…