The
end of the world is nigh! With traditional currencies there is a saying
“you cannot take it with you” but believe it or not with Bitcoin you
can.
It occurred to me that when the world ends in the upcoming apocalypse tomorrow on the 21st 2012 you can use …
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With the recent press activity surrounding Bitcoin ASIC miners I thought it
time for an article explaining what they were and what might soon to be
available. I say might because as so far as I can tell even the
supposed suppliers of these ASIC devices have not seen a …
In
a not totally unexpected move Butterfly Labs have pushed back the
delivery date of their next generation ASIC bitcoin mining products. In
a statement on the Butterfly Labs
Forums dated
the 10th of December
BFL_Josh
writes “After talking with our liaison tonight and still having not
received a final …
For
every person that advocates bitcoin it seem there is at least one person
who will tell you that it is a colossal waste of electricity, effort and
time as well as being some sort of scam. If you are one of those
people, this article is for you.
There …
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In an announcement on
BitcoinTalk earlier today Bitcoin-Central revealed
that they have partnered with Aqoba and Credit
Mutuel to begin operations as Payments
Service Provider (or a PSP). While not quite exactly the same as a bank
a PSP falls under all the regulatory restrictions and requirements as a
bank …
As
the bitcoin Reddit users will tell us, Reddit has taken the plunge into
the bitcoin world with its new feature, the bitcointip bot.
After last months post from Reddit CEO Yishan Wong saying that "So - no promises, but we're looking into it.". The expectation was that if anything was …
more ...One
of the predictions that I posted might happen when the mining
reward dropped from 50 BTC to 25 is that GPU Miners will get switched
off because the price in electricity to run them would far outweigh the
bitcoin reward they generate, I proposed that this would lead to …
The chatter is a buzz in the bitcion community, the 210,000th bitcoin block
has been mined, there are now 10,499,925 bitcoins and the reward
miners receive from solving a block has dropped from 50 to 25 bitcoins.
At precisely 2012-11-28 15:24:55 UTC a miner called …
Just a quick note, at 15:24:38 28th of November 2012 GMT the 210,000th bitcoin block was mined by laughingbear at Slush's pool . From now on the reward will only be 25 bitcoins or less.
As I have mentioned in previous posts the next few days are liable …
more ...According
to the Bitcoin Clock it is estimated that in
less than 12 hours the bitcoin block count will reach 210,000 and mining
reward will half from 50 bitcoins to 25 as was discussed in a earlier
post.
I say estimated because the rate that blocks are solved, while …
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