Blog Archives

Physics and economics will [ensure] distributed mining… I’m not worried

Every now and then I read something that I think is inspired.  In this instance I came across a reddit post by someone going by the handle of foolish_austrian. His expertise and unique look on where bitcoin mining may be in

Posted in Bitcoin, General, Guest, Mining, Reddit

Bitcoin Difficulty Reversing

As the graph below from BitcoinWisdom shows for the first time since just before ASICs (Application Specific Integrated Circuits) started to work on the bitcoin network it is possible that we may see a decrease in the difficulty of the

Posted in Bitcoin, Mining

BTCGuild may be closing

BTCGuild, one of the oldest mining pools that first opened on the 9th of May 2011 issued a statement on their website and reddit that the pool will be closing on the 30th of November 2014. The full statement from

Posted in Bitcoin

How I accidentally hacked the igot exchange

Preface I agonized a bit about if should post this,  igot responded and acknowledged the problem but unfortunately they don’t see it as a major issue at the moment saying “Since this is a small amount, this is not going to be

Posted in Bitcoin, Hack Tagged with:

Warning: Do not download bitcoin from SourceForge

In a continuation of today’s earlier news that Satoshi’s email account has been compromised it now seems that the perpetrator has used the email account to compromise other Satoshi accounts. First, Satoshi’s P2P Foundation account posted a message warning Satoshi that some

Posted in Bitcoin, General, Hack, News Tagged with: , , ,

Satoshi Nakamoto’s email address [email protected] appairs compromised

Satoshi Nakamoto, much revered and currently missing inventor of bitcoin seems to have had his email address compromised by an unknown agent. You may or not remember, Satoshi  exclusively used one email address when he was active in the bitcoin community, 

Posted in Bitcoin, General, Hack, News Tagged with: , , ,

New Zealand Exchange Bitnz.com hacked, 39 bitcoin stolen.

New Zealand bitcoin exchange site bitnz.com has been taken by the administrator leaving the message “bitnz.com under maintenance.  Apologies for the inconvenience (contact(at)bitnz.com).”. It seems that last monday at 3am New Zealand time 39 bitcoins were transferred from the exchange

Posted in Bitcoin, General, Hack Tagged with: , ,

13th Million Bitcoin Mined

It is in truth a minor milestone but for those who like “large whole numbers” block 310001 has just been mined by Ghash.IO pushing the total amount of bitcoin to 13,000,000. That means that there only another 8 million to be

Posted in Bitcoin, News Tagged with: , ,

Timothy C. Draper won all of the FBI SilkRoad Bitcoins

Tim_Draper200

It was quite possible we may have never found out who won the US Marshal Service  auction for the 30,000 Bitcoin (just under 20 Million USD at today’s rate).  It was quite possible that the next time we saw any movement from

Posted in Bitcoin

29,658.80112195 Confiscated FBI Coins on the move

We have been waiting and here it is, the 29,658.80112195 Confiscated FBI Coins held in 1Ez69SnzzmePmZX3WpEzMKTrcBF2gpNQ55 have started their move. It is not into the eventual 30,000 BTC blocks from the auction yet but I will keep an eye on them and

Posted in Bitcoin, News Tagged with: , , ,

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