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BitCoin

Bitcoin Variants – Why there are so many of them?

There are plenty of cryptocurrencies around, and you can even create one yourself in minutes. Out of all these cryptocurrencies, there are plenty that come with the “Bitcoin” label that you will think are associated with Bitcoin.

 

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Picture Source: DigitalTrends.com

 

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BitCoin

Reddit doesn’t accept Bitcoin anymore

The widely read social media site will no longer accept Bitcoin as payment for its Reddit Gold program. The change was made because Coinbase discontinuing its Merchant Tool product.

Reddit Bitcoin

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BitCoin data breach World

Edword Snowden reveals that Bitcoin and Blockchain are monitored since the beginning

It’s not really a surprise anymore, since basically everything will be abused and monitored – if possible – but for those which aren’t involved in the security topics – Edward Snowden is behind the new information writings by The Intercept revealing that the NSA has been tracking Bitcoin users since 2013.

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Picture Source: truthinmedia.com

Snowden has classified documentation that shows the NSA has access to the various fiber optic cables that have the entire of the internet running through them.

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BitCoin

How much Money can you actually make with Mining?

I did a test two weeks ago if it’s worth to mine with a gaming PC or not and the sad truth is that mining (for normal users) aren’t worth no matter how powerful your gaming PC might be. In this article I’m going to tell you why my experiment revealed that mining on a normal rig is pointless.

Bitcoin Mining

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BitCoin Hardware

CPU, GPU and RAM prices to increase by over 20%

SUMCO is a Japanese based company and is responsible for more than 60% of the world’s silicon wafer supply. With a 20 percent price increase, CPU, GPU, DRAM and Flash makers may have taken their business elsewhere, but it looks like they won’t necessarily have that opportunity. This week, GlobalWafers Chairwoman, Doris Hsu, informed shareholders that the company would raise prices for silicon wafers by 20 percent this year. This is really a bad news because electronics getting more expensive for all of us.

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We already see the reactions, people realized it’s harder to get money with mining.
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BitCoin

US credit card companies blocking cryptocurrency purchases

If you’re a customer of Bank of America, JP Morgan Chase or Citigroup, you can’t use your credit card to purchase cryptocurrency.

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BitCoin

Samsung designes crypto-currency mining chips

New reports from last week hit South Korean outlet The Bell, where they reported Samsung had started manufacturing ASICs that they would provide to a Chinese mining firm, that is anonymous for now. A company spokesperson has told TechCrunch that “Samsung’s foundry business is currently engaged in the manufacturing cryptocurrency mining chips”. This is gigantic news as right now, TSMC is the king of ASIC miners that they ship a large majority to Bitmain, the China-based Bitcoin miner that has over 70% of the market share.

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Picture: Official Samsung Logo
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BitCoin

South Korean & Chinese Bitcoin Market will be shutdown?!

According to local chinese news sources, Chinese authorities had a notice being sent around telling them to “guide” an “orderly exit” for cryptocurrency mining operations, as they begin shutting down their mines.

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These sources said that the notice was issued by an inter-agency task force assigned to looking into risks in internet finance. Electricity prices are dirt cheap in the remote areas of China, where there the temperatures in those areas is also super-low. This is perfect for crypto miners as operating gigantic mines uses lots of computing power, and that all generates heat. So mining in remote China is a perfect blend: cheap electricity and low temperatures, it’s like Christmas everyday for miners.

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BitCoin Security

Bitcoin and Litecoin vulnerable: Electrum (Bitcoin), Electron Cash (Bitcoin Cash) und Electrum-LTC (Litecoin) users at risk

The dogs are working, sadly the underground dogs. Electrum (Bitcoin), Electron Cash (Bitcoin Cash) and Electrum-LTC (Litecoin) users are currently at risk – more and more hackers switching to Monero in the meantime.

 

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The dogs are mining: Picture: giphy (thanks to Wavy)