Latest Bitcoin News by Category: Bitcoin Mining

Miners flee after near 51% scenario

Posted on 9th June, 2014

The possible 51% scenario crisis over the weekend has been averted, with bitcoin miners leaving for other pools. 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 […]

Mining hardware maker BitFury announces $20 million financing deal

Posted on 30th May, 2014

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 […]

Statoshi project tracks Bitcoin node statistics

Posted on 8th May, 2014

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 […]

Mining malware found in Google Play apps

Posted on 25th April, 2014

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 […]

Game on! “Take My Bitcoins!” brings bitcoin to the game show universe

Posted on 15th April, 2014

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 […]

Iceland’s parliament goes behind closed doors to discuss Auroracoin

Posted on 15th March, 2014

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 […]

Bitcoin transaction fees to be dramatically reduced

Posted on 28th February, 2014

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 […]

Suspicious SPAM: The 1 Satoshi Mystery

Posted on 16th February, 2014

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 […]

Report: Transaction malleability, hour by hour

Posted on 15th February, 2014

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. […]