Dissecting Bitcoin Block 420,000

Bitcoin Logo A few years back after the last halving I wrote an article shortly after the first halving block 210,000 was mined dropping the subsidy from 50 BTC to 25 BTC. Since block 420,000 was just mined reducing the subsidy from 25 BTC to 12.5 BTC I thought it would be an appropriate time to write a follow-up article with similar data for the most recent halving block comparing it to the previous one.

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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 bitcoin network. (This just in, it is official, the difficulty decreased to 40,007,470,271 a change of just under a percent. It may take some time for your client to adjust and the number to stabilise)

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Review: Spondoolies-Tech SP10 Dawson (Part One)

SpondooliesLogo-transparent-smallAbout a month ago I received a pleasant email from a gentleman named Stas, he complimented me on MinePeon and asked me if I would have any issue if he included all or parts MinePeon on a new range of miners that he was intending to bring to market.  I …

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KnCMiner on my doorstep

kncminerlogo300x100Some time ago (the 11th of August to be exact) I decided to take a bit of a gamble and order one of KnCMiners lesser offering the Mercury 100 GH/s bitcoin miner.

Mercury's are no longer available but all up with shipping I spent \$2,148.00 USD (I …

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50BTC.com say's "50BTC is alive".

50BTClogoIt has been a hard week and a bit for the 50BTC mining pool.  After it was first noticed that incorrect balances were showing for users on the 20th of this month and revelations that "Our billing server have been hacked, some parameters currently shown incorrectly. At this moment we …

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50BTC hacked, don't believe your account ballance

50BTClogoIf you log in to you 50BTC.com account you're in for a pleasant surprise, unfortunately it is one that wont last.

It seems that someone has gained access to 50BTC's servers and managed to increase all of our balances, the website recently put up a message saying;-

Our billing …

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Avalon Gen2 Launch, design your own device

AvalonLogoAvalon today announced that they are back in the game and will start to release information on their generation 2 chips to open source developers.

It  seems that Avalon will be going ahead with their plans not to make bitcoin mining devices but to focus solely on building the ASIC …

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