AMD Radeon GPU price update for Scrypt mining Cryptocurrency-fueled demand has driven the price of AMD Radeon cards up. Considering the R9 290X carries an official $550 MSRP, the recent price hits $749.98. If you are still considering building a mining rig with R9 290X or even the R9 […]
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MtGox loses over $400 Million worth of Bitcoin, Files for Bankruptcy Protection With the recent events unfolding, Tokyo-based Bitcoin exchange, MtGox is officially filing bankruptcy protection on Friday in Japan with an outstanding debt of ¥6.5 billion (or $63.6 million USD). CEO Mark Karpeles which was not been seen in
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Can Bitcoin Mining still be Profitable? I would go for a change and talk about Bitcoin mining instead of alternate coins, like Litecoin. There are certainly some big hype surrounding it. Bitcoin mining is different from alternate coin mining, as there are application-specific integrated circuit (ASIC) chips designed specifically for
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Bitcoin Foundation responded US Senator on Bitcoin Ban The recent move by US Senator Joe Manchin to call for a ban on Bitcoin with a formal letter to the federal regulators was not taken lightly by the Bitcoin community. Redditors suggest that the senator does not understand Bitcoin’s decentralized nature
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US Senator Demands Federal Regulators to Ban Bitcoin Senator from West Virginia, Joe Manchin, has sent a formal letter to federal regulators to ban Bitcoin. His letter which was addressed to several regulatory bodies, the Federal Reserve, and the United States Treasury, went so far as to say that US
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MtGox being investigated in Japan and received US subpoena CEO of MtGox, Mark Karpeles issued a short statement on Wednesday to reassure the public that he is still in Japan and has not absconded with millions of dollars of users’ Bitcoins. On the main page of what is remaining of
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MtGox Trading Halted, Website Offline Trading at the Tokyo-based MtGox was halted, and the fact that the website itself is offline spells doom. It is a known fact that MtGox has been sick for a long time. MtGox Problem MtGox users were experiencing major lag in withdrawals last year,
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Harvard student caught abusing 14,000-core Supercomputer to mine Dogecoin A Harvard student has decided to utilize the processing power of a supercomputer to mine Dogecoin. The said supercomputer cluster belongs to Harvard university called Odyssey, which boasts a 14,000-core Intel Xeon architecture with over 10TB of RAM. According to
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Central Bank of Jordan warned the public against using Bitcoin In line with other central banks, the Central Bank of Jordan (CBJ) has warned the public against the use of digital currency, particularly Bitcoin. CBJ said that digital currencies are not legal tender and that investing in digital currencies
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Vietnam does not allow Bitcoin transactions Vietnam government and the State Bank of Vietnam do not recognize Bitcoin under the currency laws. The State Bank of Vietnam has voiced out that, only the official Vietnam dong (VND) is used as a means of payment in Vietnam. The State Bank
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