Butterfly Labs Bitcoin ASIC mining device arrives in New Zealand

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It happened, ever since last month when Josh from Butterfly Labs let slip that a developer unit of their new 5 GH/s ASIC bitcoin miner might be on its way to me I have had trouble sleeping.  I have spent the days watching the courier van come and go, my friends, family and co-workers have even noted to me how down I look.

I had begun to think that Josh and Butterfly labs were running some cruel geek version of the classic Pavlov's dog experiment on me.

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Bitcoin Valuation as a Fiat Hedge With Information and Substitution Effects

BCLogoAbout the author: John Vandivier is a graduate student at George Mason with formal credentials in policy, economics and political science. He also dabbles in philosophy and apologetics. His blog discusses all of the above at www.thegenerallifeblog.blogspot.com.*

In this article bitcoin is valued by predicting the approach …

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Last Forking Warning

It has been just over two months since the bitcoin block chain was rocked by a near disastrous fork causing the bitcoin price to crash.

The culprit of the crash was found to be a bug that prevented pre version 0.7.1 bitcoin clients accepting large blocks that could …

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Butterfly Labs forum under attack (Latter proved not to be true)

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Correction: Josh from Butterfly Labs has emailed me, there was no intrusion of any sort.  They were testing some of their systems and adding new features.

While it did appear to be nefarious it seems that I jumped the gun, for that I apologize   Josh assures me "everything is and …

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Butterfly Labs Shipping Update;- BFL Products Shipping Now

butterfly-labsOr at least that is what the mail says and since developers and reviewers have already been receiving 5 GH/s units it looks like we can believe it this time.

Hopeful miners have been reporting that they have been receiving email from Butterfly Labs asking them to telling them …

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Slush's bitcoin mining pool hacked

SlushLogoIt seems that hackers have decided to start to target bitcoin related services in earnest as the latest organisation to fall prey is the very popular Slush's bitcoin mining pool that usually resides at https://mining.bitcoin.cz/ .

Slush's pool is the oldest mining pool and it started with a …

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