Goldman Sachs On Bitcoin

  A new Goldman Sachs report on digital currencies has found that while bitcoin is not a practical currency, its underlying ledger technology could hold promise. The top-of-mind report, entitled ‘All About Bitcoin’, appears to have been compiled recently and it is possible Goldman Sachs commissioned it following the highly publicized Mt. Gox collapse. The report outlines the basics, citing bitcoin’s advantages and shortcomings, backed by statements from critics and… Read More »

Aussy Lawyers Accepting Bitcoin

A law firm in Australia joins the many private sector businesses that accept the Bitcoin cryptocurrency as a means of payment because the firm has an appreciation of efficiency and innovation. The legal fraternity has made it first foray into the use of Bitcoin as payments for services rendered. LegalVision, an Australian legal service provider, is the first to allow its customers to pay for legal services with Bitcoin. LegalVision… Read More »

Dogecoin

Dogecoin looks like an up and coming cryptocurrency. The idealism of the dogecoin mining participants is one of its attractive features. dogecoin is an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide. START USING DOGECOIN TODAY: such community much news very fashion so crypto. much coin. to the moon. See full story on dogecoin.com

500 Supercomputers vs Bitcoin Network

Well, this article about the computational power devoted to the top dog cryptocurrency, BitCoin, is a bit old but still mighty impressive. The bitcoin network hashrate estimate on bitcoinwatch.com passed 1 exaFLOPS (1,000 petaFLOPS) this week – over 8 times the combined speed of the top 500 supercomputers. Experts will be quick to point out that this estimate is flawed, since no FLOPS are actually used in bitcoin mining. FLOPS… Read More »

How to Mine Cryptocurrency Tutorials

Here is a pretty good explanation of setting up a cryptocurrency miner. It is geared toward LiteCoins but seems to be easily generalized so that figuring out how to set up a miner for other cruptocurrencies, like Dogecoin for example, is straight forward. It’s especially helpful for GUIminer. And then below this excerpt is a good step by step LiteCoin mining video tutorial. Hello all! We decided to make a… Read More »

How To Make Money With Bitcoin

  Thursday, January 30, 2014 As of 2:43 AM EST A stable currency’s value rises and falls on a daily basis, but on a much smaller scale then what can be seen with bitcoins. Where normal arbitrageurs are dealing with minute changes in value (less than a penny’s difference can still mean thousands of dollars profit risk-free), bitcoin arbitrageurs deal in the difference of full dollar amounts. As of this… Read More »

Cryptocurrency Crowdfunding Saved Jamaica’s Bobsled

  Just in case you missed it, a heart-warming story unfolded this week involving an unlikely combination of bobsled, Jamaica, virtual currency, crowdfunding and generosity. It has all the makings of an inspiring Disney movie — er, an inspiring Disney sequel. Last Sunday, news began trickling out that a two-man bobsled team from the island nation of Jamaica had qualified for the Olympic Games in Sochi, Russia. The country’s official… Read More »

What is Cryptocurrency?

Cryptocurrency is a type of digital currency that is based on cryptography. Cryptocurrency uses cryptography for security, making it difficult to counterfeit. Public and private keys are often used to transfer the currency from one person to another. Cryptocurrency is considered a counter-culture movement related to cypherpunks, who advocate the use of cryptography as a route to social and political change. Cryptocurrency presents a form of this movement in that… Read More »