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Bitcoin Magazine | June 19, 2013

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mining Archives - Bitcoin Magazine

Business
kenilworth

Kenilworth Exploration: Bitcoin Crowd Investing Meets Real-World mining

June 14, 2013 | | One Comment
Bitcoin-based investment platforms have had a long and colorful history in the past two years. The idea first started with the Global Bitcoin Stock Exchange, launched in April 2011. The exchange picked up quickly, w... Read More ...
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Technical
thief

OzCoin Hacked, Stolen Funds Seized and Returned by StrongCoin

April 24, 2013 | | One Comment
OzCoin, one of the larger Bitcoin mining pools, has reported that an unknown attacker managed to hack into their server, defacing their website and database and stealing 923 BTC ($135,000) from their Bitcoin wallet.... Read More ...
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Technical
single2_4

Butterfly Labs Ships First Finished ASIC For Review

April 22, 2013 | | 5 Comments
After nearly six months of delays, Butterfly Labs has finally released a copy of what appears to be the final version of one of their long-awaited ASIC mining products. Similarly to how Avalon first shipped a sample... Read More ...
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Technical
skype-bitcoin-virus

Bitcoin-Mining Malware Spreads Through Skype

April 13, 2013 |
Using botnets to mine bitcoins is nothing new or interesting, but the latest entry in this wide category seems to be spreading quite rapidly through the Skype network. This iteration in the Bitcoin-mining-as-virus t... Read More ...
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Business
BitPay-Bitcoin-Magazine

BitPay Processes $5 Million in March, Eclipses Silk Road

April 2, 2013 | | 2 Comments
A week ago, BitPay CEO Tony Gallippi announced that his payment processing service had set a new record: a transaction volume of $2 million in the first twenty five days of March. Now, however, Gallippi has revealed... Read More ...
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Technical
bflasic

Bitcoin Developer Confirms Butterfly Labs ASIC

April 1, 2013 | | 9 Comments
Bitcoin developer Luke Dashjr has confirmed that a prototypes Butterfly Labs ASIC is now hashing. The device is still far from full capacity, pushing out only 25 GH/s at a power consumption of 180 watts, but this is... Read More ...
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Technical
asicminer

ASICMiner Starts Hashing

February 14, 2013 | | 9 Comments
Today, ASICMiner, one of the three major developers of ASIC (application-specific integrated circuit)-based Bitcoin mining hardware, has announced that they have turned on their chips, and are outputting 1.7 TH/s of... Read More ...
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Technical
avalon2

Working Avalon ASIC Confirmed, Hashing At 68 GH/s

January 31, 2013 | | 27 Comments
Photo taken by Jeff Garzik Jeff Garzik has just received the first ASIC mining computer to hit the consumer market, and has confirmed on Bitcoin IRC that the machine functions as expected. Even after Avalon announce... Read More ...
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Business
Bitcoin 65nm ASIC

ASIC Mining Updates: bASIC Hanging On a Thread, Butterfly Delayed to February

January 15, 2013 | | One Comment
Update: rumors of bASIC’s demise have been, at least for now, grossly exaggerated. Updates on the Bitcoin ASIC mining scene are coming faster and faster as the shipping dates for all three leading contenders a... Read More ...
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Business
wpid-IMG_0004

ASIC Mining Updates: ASICMiner Deploying, Butterfly At CES

January 8, 2013 | | 3 Comments
After over three months of delays from all major competitors, it seems as though the race to develop the first ASIC-based Bitcoin mining computer is finally drawing to a close. Less than three weeks ago, Avalon ASIC... Read More ...
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