The possible 51% scenario crisis over the weekend has been averted, with bitcoin miners leaving GHash.io for other pools. GHash.io is still the most popular mining pool, with 33% of the total hashrate, but the problematic scenario surrounding any one pool gaining the majority of the network hashing power has been averted. While there was […]
San Francisco-based bitcoin mining hardware maker BitFury announced today that it had secured a new round of financing worth $20 million dollars. Investors in the new round included Binary Financial, Crypto Currency Partners, Georgian Co-Investment Fund (GCF), Queensbridge Venture Partners and ZAD Investment Company. Angel investors Bill Tai and Jonathan Teo were also involved in […]
Is the skyrocketing hash rate pricing out even the most established mining hardware makers? According to a post on the Wall Street Journal‘s MoneyBeat blog, that might just be the case for bitcoin mining-rig maker CoinTerra. The Austin-based company announced today that it will be offering mining contracts of up to 1 petahash per second […]
In March, software engineer and bitcoin blogger Jameson Lopp posed an interesting question on CoinChomp: How many Bitcoin nodes is enough? To his surprise, Lopp found that while it was relatively easy to determine the number of nodes in the Bitcoin system, it was impossible to determine how well those nodes were performing. And even […]
At least five apps with bitcoin-mining malware were discovered in the Google Play store yesterday. San Francisco-based mobile security company Lookout announced that the “BadLepricon” mining malware was found hidden inside free live wallpaper apps. Google removed the apps shortly after the announcement. In a blog post about their discovery, Lookout explains how the malware […]
One of the best things about innovation is that you get to make up your own rules. In Mike Rotman’s case, creating a streaming, bitcoin-themed game show meant that he didn’t have to worry about pitching his idea to a network. Instead of running the gauntlet of TV industry gatekeepers, Rotman and his team simply […]
Earlier this month, Auroracoin caught the attention of the cryptocurrency community when it briefly passed Litecoin in value, becoming the third most valuable virtual currency on circulation. This sudden spike in value also caught the attention of another group: Iceland’s banking regulators, central bankers and Iceland’s parliament, the Althing. Yesterday, the Althing’s Economic Affairs and […]
All Bitcoin transactions require that each transfer be confirmed by a Bitcoin miner. In order to make it worth the miner’s while to include the transaction in a mining block, miners are rewarded with small amount of Bitcoin called “transaction fees.” These fees are set by the core developers, and as the price of Bitcoin […]
While the transaction malleability bug, DDoS attacks and massive problems at Mt.Gox have snagged many headlines this week, another mystery has been on the minds of Bitcoin experts: What’s with the flood of 1 Satoshi (0.00000001BTC) transactions being sent to random wallets? Bryan Chaffin at The Mac Observer takes a look at the situation, and […]
Last week’s transaction malleability scare made international headlines, once again bringing Bitcoin into the mainstream news. It was the cited cause of the total collapse of Silk Road 2.0, the glitch that forced both Mt.Gox and Bitstamp to freeze user accounts for a few days, and it put massive downward pressure on global Bitcoin value. […]