Who gained the most profit from Bitcoin Advanced Micro Devices Inc. (AMD) and some other computer hardware manufacturers made more than $200 million off of Bitcoin related hardware sales, reported Wedbush Securities Inc. If true, it turns out the real money in Bitcoin isn’t in the virtual money itself, but in the computer equipment, which Continue reading “Who gained the most profit from Bitcoin”
Monthly Archives: January 2014
Central Bank of Malaysia does not recognize Bitcoin as legal tender
Central Bank of Malaysia does not recognize Bitcoin as legal tender Malaysia’s Central Bank, Bank Negara Malaysia (BNM) is joining a number of regulators world-wide, voiced its concern about Bitcoin on Friday but didn’t outlaw the usage of Bitcoin. “The Bitcoin is not recognized as legal tender in Malaysia,” the central bank said in Continue reading “Central Bank of Malaysia does not recognize Bitcoin as legal tender”
Compile and install CPUminer on Linux CentOS
Compile and install CPUminer on Linux CentOS Scrypt based crypto-currencies unlike Bitcoin’s SHA-256 is more reliant on memory, not processing efficiency. That is the reason those specialized hardwares developed for Bitcoin mining will not work with Litecoin and making CPU mining more effective. This is a simple tutorial on the steps to compile and Continue reading “Compile and install CPUminer on Linux CentOS”
Social gaming giant, Zynga starts accepting Bitcoin
Social gaming giant, Zynga starts accepting Bitcoin San Francisco-based Zynga, provider of social game services since 2007 has announced that it will be accepting Bitcoin for in-app purchases. For a start, the option will be available for selected games and payments will be processed by Bitpay. Zynga made the following statement on reddit, Continue reading “Social gaming giant, Zynga starts accepting Bitcoin”
Litecoin Mining – Sapphire Radeon R9 280X Sweet Spot for 760KHash/sec
Litecoin Mining – Sapphire Radeon R9 280X Sweet Spot for 760KHash/sec Keeping up with the R9 280X cards, this time i will share my configurations for the Sapphire R9 280X card. Previously, i have mentioned that CGMiner version 3.7.2 with the latest drivers would give you a higher hashrate as the R9 cards would be classified properly as Continue reading “Litecoin Mining – Sapphire Radeon R9 280X Sweet Spot for 760KHash/sec”
Robocoin is reaching out to Hong Kong and Taiwan
Robocoin is reaching out to Hong Kong and Taiwan Robocoin, the first shipping Bitcoin ATM is heading to Hong Kong and Taiwan. Although crypto-currency has seen massive growth and gained media attention during 2013, the problem that hits any Bitcoin user is usability. Using Bitcoin is still somewhat confusing and cumbersome, mainly because one have Continue reading “Robocoin is reaching out to Hong Kong and Taiwan”
Litecoin Mining – PowerColor Radeon R9 280X Sweet Spot for 760KHash/sec
Litecoin Mining – PowerColor Radeon R9 280X Sweet Spot for 760KHash/sec If you have read about my early testings on the PowerColor R9 280X for Litecoin mining, you would have noticed that i shared my CGMiner configurations for a hashrate of around 710KHash/sec. Previously, i have mentioned that CGMiner version 3.7.2 with the latest drivers would give you a Continue reading “Litecoin Mining – PowerColor Radeon R9 280X Sweet Spot for 760KHash/sec”
Alpha Technology announces first Litecoin ASIC miner
Alpha Technology announces first Litecoin ASIC miner Bitcoin, the digital currency that has skyrocket in value over the past year, made early adopters exceptionally rich. However, Bitcoin is not the only crypto-currency on the block. Litecoin, which is equivalent to silver to Bitcoin’s gold, is gaining momentum. It is the second largest crypto-currency with a Continue reading “Alpha Technology announces first Litecoin ASIC miner”
Fortress is launching a Bitcoin Fund
Fortress is launching a Bitcoin Fund SecondMarket has launched the first U.S. based Bitcoin Investment Trust (BIT) back in September. Now there have been words that Fortress Investment Group is going to launch its own Bitcoin Fund. It is reported that the investment vehicle may be an unlisted Exchange Traded Fund (ETF), similar to BIT. Continue reading “Fortress is launching a Bitcoin Fund”