Bitcoin Price is apparently charting a leveling decline as the bears struggle against persistent buying. Perhaps sellers just won’t get that $200 low, or perhaps the lull is just calm before the storm. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis Time […]
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We have reached out to the candidates for the upcoming Bitcoin Foundation Elections and asked each candidate a set of questions. In the interest of fairness, all candidates were asked the same questions at the same time, and all responses (that did respond) have been received before the publication of this first article. Bruce Fenton […]
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Due to the low Bitcoin price a lot of players have been left out and the Bitcoin cloud mining industry has been reorganized. Bitcoin is here to stay and Bitcoin Cloud Services mining operations will continue as the company has reassured us that they have secured hardware and energy agreements that will give a competitive advantage when the price of Bitcoin recovers. The last difficulty adjustment for Bitcoin brought a negative difficulty of -6.14% and this means more Bitcoin for the same hashing power and ROI in less time. However do not forget that investing in Bitcoin mining is something that is expected to give long term profitability. Over the course of the weekend Bitcoin Cloud Services is running a promotion with a 10% discount of the regular price of 0.0018 BTC per GHS for hashrate. All you need to do is to apply promo code BTC10OFF2015 during checkout to receive the 10% weekend promotion. Do note that this discount will be active only during the last weekend of the month, so make sure you don’t miss your chance to use it if you are buying Bitcoin cloud mining hashrate.
– For more information about the cloud mining offered by Bitcoin Cloud Services…
In yet another case of suspicious cloudmining scandal, it looks like Chabat Mining is down for the count with no signal or sign of life. Additionally, it seems as though they aren’t paying out to those that held contracts on their site who can no longer access the web page. When visiting their page, users […]
The post Bitcoin SCAM ALERT: Chabat Mining Cloudmining Service Unexpectedly Goes Dark appeared first on CryptoCoinsNews.
Chinese citizens looking to purchase computers or cells phones will now have to register their personal identification with police, according to reports by The Guardian, Shanghai Daily and Tian Shan Net.
The post China Forcing Computer and Phone Buyers to Report ID to Police Sounds All Too Familiar appeared first on CryptoCoinsNews.
Bitmain recently introduced the Antminer S5 with their next generation chip. The S5 has the familiar open blade design as the S1 with panels on the sides to direct airflow without being completely encapsulated as the S3. What makes the S5 shine are the new chips. The S5 consumes 560 watts in our tests and […]
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Bitcoin Price is in search of a value floor as it gears up for the descent to $200. The chart technicals are clear about the drop but leave us wondering if it will be the final low for this market cycle. This analysis is provided by xbt.social with a 3 hour delay. Read the full […]
The post The Bitcoin Price Battle appeared first on CryptoCoinsNews.
Marco Streng, the CEO of cloud mining operator Genesis Mining, has reaffirmed his company’s long-term commitment to the industry in an interview with CryptoCoinsNews. Striking a positive note on the future of an industry which has been in turmoil over recent months, Streng claims that his company is currently in a “favourable position”. They could […]
The post Cloud Mining Will Profit From Bitcoin Price Rise, Says Genesis CEO appeared first on CryptoCoinsNews.
Late last year, The Pirate Bay servers were raided by Swedish police and taken offline for longer than most expected. During the downtime, alternatives emerged and people began to move on from the salty cove of their piracy haven and onto other avenues – hopefully seeding their hearts out after taking in their fill.
The post The World No Longer Needs The Pirate Bay to Return: We Can Do it Ourselves appeared first on CryptoCoinsNews.
First they came for SHA256, and before you knew it, you couldn’t mine any amount of Bitcoin with your PC anymore. Soon, you couldn’t even make money with a GPU rig. Then they came for SCRYPT, changing the game for Litecoin, Dogecoin, and similar currencies. In response, in hopes of keeping the network truly decentralized […]
The post ASIC Coming For X-Algorithms: Darkcoin Watch Out appeared first on CryptoCoinsNews.
In under five minutes, any store using WooCommerce for their customer’s shopping experience can enable bitcoin payments. ChainPay posted a video tutorial of their new WordPress plugin yesterday, and the results are fairly quick. In the four minute video, including a 30-second proof of the Wadsworth Constant, James Carter, founder of AltXE, installs the plugin, […]
The post ChainPay Asks, “Why Should Just Multinationals Accept Bitcoin?” After Bringing Bitcoin to WooCommerce appeared first on CryptoCoinsNews.
Bitcoin Price dropped over the edge during yesterday’s session, and the slide continued for most of today. Price made the usual stops along the way: 38%, then 50% and then made its way to 62% where the bulls are attempting to stage a comeback. This analysis is provided by xbt.social with a 3 hour delay. […]
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Security professionals have said for years that the only way to make a computer truly secure is for it to not be connected to any other computers, a method called airgapping. Then, any attack would have to happen physically, with the attacker actually entering the room and accessing the computer that way, which is incredibly […]
The post An Airgap Won’t Secure Your Computer Anymore appeared first on CryptoCoinsNews.
The newly U.S. licensed Bitcoin Exchange Coinbase has just passed 2 million users. This is a huge mark for Coinbase and we at CCN sends our congratulations. About Coinbase: Founded in June of 2012, Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin. We’re based […]
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The Bitcoin Foundation Elections Committee has released a unique new project that has been in the works for the last year. “a new official Distributed Opinion System for the Board Elections” ~ Michael Toomim. With a newly created website dedicated to this system, The Distributed Opinion can be found here, http://ift.tt/1CdH3i9. Foundation members and non-members […]
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As we’ve been following for you here at CCN, plenty of people are curious to learn more about Bitcoin. It was the fourth-largest “What is” search on Google last year, and this means the interest in Bitcoin is definitely not defined by its US Dollar price. Education is the biggest obstacle Bitcoin faces, both now, […]
The post Princeton Joins NYU: Bitcoin Courses Will Teach Students About Bitcoin appeared first on CryptoCoinsNews.
A few bitcoin users from Poland have reported to CCN that they are dealing with bank crackdowns due to bitcoin activity. One Polish bitcoin exchange, BitMarket, became a victim of a shutdown earlier this week by BPH. When contacting BPH, they were told there were technical problems that needed to be sorted out. Upon further […]
The post BitMarket Bitcoin Exchange Loses Banking Connection as Polish Banks Start Crackdown on Bitcoin appeared first on CryptoCoinsNews.
Bitcoin Price traded in a narrow range around $260 and 1,600 CNY today. Price has settled on the trendline that has supported advance to date, and the market seems to be anticipating a big move. Update: The price has touched $230 as anticipated as a current low in the trendline. This analysis is provided by […]
The post Bitcoin Price Down, Stabilizing for a New Push? appeared first on CryptoCoinsNews.
Bill Gates got an AMA (Ask Me Anything) on Reddit now and was questioned by dirtbikerr450 on Bitcoin for 3 hours ago. He has recently said that Bitcoin isn’t good enough alone. The Reddit user asked: What is your opinion on bitcoins or cyptocurency as a whole? Also do you own any yourself? Bill Gates […]
The post Bill Gates Responds On Bitcoin: We Do Not Use Bitcoin and Here’s Why appeared first on CryptoCoinsNews.
Bitcoin startup Gem, that provides a scalable API for bitcoin developers, has revealed to CCN a security enhancement that may be significant for the future of Bitcoin security. The company announced the inclusion of Custom Hardware Security Modules produced by Thales e-Security, as part of their standard multi-sig bitcoin wallet. Multi-sig wallets have become the […]
The post Bitcoin Startup Gem May Revolutionize MultiSig Wallet Security appeared first on CryptoCoinsNews.
We have gotten an ASUS GeForce GTX 960 STRIX to test GPU mining with it and also checked the power usage with the various algorithms supported by the latest ccMiner fork from SP that is optimized for Nvidia Maxwell GPUs. The ASUS STRIX is one of the GTX 960 video cards out there with the highest factory overclock, so it is supposed to provide higher performance as compared to the more reference Palit GTX 960 OC card that we have tested recently. Do note that the Nvidia rated TDP of the GTX 960 GPUs is 120 Watts and it seems that the reference cards that are not factory overclocked are more like in the 100W of power usage and the higher clocked models such as the ASUS STRIX GTX 960 do manage to go up to the 120 Watts power consumption mark.
We have used the ccMiner 1.5.31-git Fork by SP for Maxwell, the same version that we used a few days ago, so that we can compare performance with the GTX 750 Ti and the GTX 960 OC card from Palit to the results that the ASUS STRIX card offers. There is a newer version of the ccMiner fork from SP already available that fixes the NIST5 support, though there is not much difference in the performance in the Lyra2 algorithm on the GTX 960 as compared to GTX 750 Ti. Also the Blake, Blakecoin and Penta algorithms that rely a lot on the CPU and do not use much of GPU resources do not seem to provide much better results on the more overclocked ASUS cards. Other than that the ASUS STRIX card does provide some extra hashrate over the Palit GTX 960 and thanks to the higher clocks factory preset for the ASUS its performance gets closer to 2x the hashrate provided from a reference GTX 750 Ti GPU that is not factory overclocked.
International Business Times reports that Greece’s new finance minister is Valve’s former virtual economist. Professor of Economic Theory and former Valve consultant Yanis Varoufakis was appointed Finance Minister of Greece on January 27, 2015. Previously, he was elected to the Greek Parliament, representing Syriza.
The post Former Valve Virtual Economist is New Syriza Finance Minister of Greece appeared first on CryptoCoinsNews.
Medical marijuana users will be among the earliest users of bitcoin, according to bitcoin entrepreneur Peter Klamka. Klamka’s Ann Arbor, Mich.-based company, Bitcoin Brands, has placed a bitcoin ATM machine at one medical marijuana dispensary and is in the process of placing another two in the Grand Rapids area. Klamka’s bitcoin ATM machine, made by […]
The post Bitcoin Finds its Niche In Medical Marijuana Dispensaries appeared first on CryptoCoinsNews.
Here is a new windows binary compiled from the latest code of the ccMiner 1.5.32-git SP-MOD fork of the Nvidia GPU miner optimized for Maxwell GPUs by SP (source). This version has the NIST5 algorithm fixed and working again (was broken in previous versions) as well as fixes and some performance improvements in various algorithms since the last binary we have compiled a few days ago. This version from SP is designed for running on Nvidia Maxwell GPUs such as the already available GTX 750, 750 Ti as well as the newer GTX 960, GTX 970 and GTX 980. The windows binary release we have made available here is compiled with support for Compute 5.0 and Compute 5.2 GPUs or with other words only for Maxwell-based cards with CUDA 6.5 and VS2013.
– To download the latest ccMiner for Maxwell version 1.5.32-git by SP for Windows OS…
This morning The Federal Reserve Bitcoin Strategy was released in a paper outlining multiple options for improving the U.S. payment system. In the past, Digital currency had been deemed too immature. Now, after pressure from private sector interests, the Fed is seriously analyzing the benefit of incorporating Bitcoin code in the U.S. fiat system. “A […]
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EPIX recently announced that they would be premiering a new documentary on the underground internet black markets known as the Deep Web. They just released a new trailer for this film and, I have to say, it looks exciting. For those that may not know about the deep web, it’s in direct connection with Tor. […]
The post DEEP WEB Film Trailer Makes Silk Road Case into a Political Statement appeared first on CryptoCoinsNews.
Bitcoin Trading has been in profit-taking mode for the past 24 hours after buyers pushed the Bitcoin price over $300 and 1,900 CNY yesterday. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis Time of analysis: 14h30 UTC Bitfinex 4-Hour Chart Price has […]
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The Bitcoin ASIC manufacturer CoinTerra has filed for chapter 7 bankruptcy protection in the United States Bankruptcy Court, meaning it is very likely that all of the company’s assets will be liquidated in order to repay the estimated between 200 and 999 creditors. The CoinTerra website is not available anymore and it has been replaced with just a single image confirming the information for their bankruptcy filing. The Cointerra bankruptcy protection form has apparently been filed on January 24th with estimated assets between 10 and 50 million USD and similar estimate on liabilities. The reason for this outcome most likely lies in the too optimistic plans of the company that apparently did not involve a situation where the Bitcoin exchange could get back down to $200 USD. A few months ago the company was still making plans for next generation of ASIC miners based on 16nm process and getting ready for the future. Some month prior to that they have tried to get into the large scale cloud hosting operations, however their plans for that probably did not get that well either. This should come as a warning to other crypto currency focused companies to make their business plans more carefully in order to avoid following the same path as CoinTerra.
One of the promising applications of the block chain technology are smart contracts. Different startups have been working on launching smart contracts, like Ethereum, but it would appear that a small crypto startup has beaten everyone else to it. BURST has issued the first coin that enables you to create smart contracts straight out from […]
The post Cryptocurrency BURST Makes Smart Contracts a Reality, What Happened to Ethereum? appeared first on CryptoCoinsNews.
Bitcoin has many things going for it, relative to the current fiat currency system, and compared to any other digital currency on the market. Bitcoin is not perfect, though, and there are issues that many critics and users, would like to see improved before it can become a mainstream staple of global economics. One issue […]
The post Computer Scientists Strengthen Bitcoin Anonymity with CoinShuffle appeared first on CryptoCoinsNews.
Through a combined effort between the McGill Cryptocurrency Club and the Bitcoin Embassy, McGill University students are going to be able to receive an education on bitcoin if they’d like to receive it. This spring, both organizations plan on handing out 30 mBTC per student to around 600 students on campus. They’re calling it an […]
The post McGill University Students Learning Bitcoin Through Guerilla Education appeared first on CryptoCoinsNews.
The Bitcoin price has advanced to above $300 and 1,800 CNY in vigorous trade today. At the time of writing the market is maintaining trade above the $300 mark, but it is unsure price will make another high before profit taking corrects price back down into the $200s. This analysis is provided by xbt.social with […]
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Ripple Labs, the company behind the Ripple protocol and the Codius smart contract platform, is close to finalizing the deal on a new $30 Million USD funding round. Wall Street Journal’s Venture Capital blog reports that it has received confirmation from Ripple labs that it is working on closing the deal for its Series B […]
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It seems that Coinbase no longer wants to remain only as a payment processor as the company has just launched Coinbase Exchange, the first regulated Bitcoin exchange based in the US. If you are a Coinbase user in one of the 24 supported states or territories in USA you can begin trading immediately on Coinbase Exchange. There will be no trading fees through March 30th, after which there will be a maker-taker model – orders which provide liquidity are charged different fees from orders taking liquidity. This interesting development comes soon after the last very serious funding round that Coinbase recently had.
The fact that the exchange is a regulated one in USA should bring the trust of users that can actually use the Coinbase Exchange, but on the other hand it also means that you will have to cope up with all of the side effects that the requirements of regulation have. The good thing is that this new exchange should theoretically bring more stability and trust in the crypto currency ecosystem, but the not so good one is that it will come at the cost of privacy – one of the key advantages that crypto currencies are supposed to offer. Still it could be a good way to bring more investors in the crypto currency that would normally not be ready to trust other more questionable exchanges with their financial investments.
– For more information and to try out the new Coinbase Exchange trading platform…
Bitcoin API provider Coinding is running a global hackathon, challenging game developers around the world to integrate block chain technology into a video game. Over $5000 USD in prizes are up for grabs in total, including a top prize of $3000 cash for the best integration of block chain technology into a game. Bitcoin and […]
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After a pretty long period of keeping low prices Bitcoin and Litecoin may have started to finally recover to a higher levels, currently the BTC exchange rate is back to over $300 USD and LTC is above $2 USD. Definitely good news for people with small mining operations or using cloud mining services that were worried about their investments that were at risk with the possibility of contracts getting terminated. A quick look at CEX.IO however shows that cloud mining there is still unprofitable even at the current prices with the automatic settings to turn on cloud mining when it is again profitable. At the same time however we are still seeing a trend for the network difficulty of Bitcoin to go down and for Litecoin to keep at pretty much the same level after getting down significantly lately. With the current prices we are expecting to see some mining operations getting back online after being stopped due to the low exchange rate, especially mining operations that are working on the mine and sell immediately model. We’ll have to wait and see how things will go from here on…
Coinbase Inc., backed by $106 million from the New York Stock Exchange, banks, and venture capital firms, will open the first licensed exchange for bitcoin, according to The Wall Street Journal. The exchange could provide greater security for individuals and institutions to trade bitcoin and monitor real-time pricing of the cryptocurrency. The exchange could also […]
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The bitcoin price has skyrocketed this weekend, starting from the low 220s and ending up on the high 290s! There might be a correlation with news this time as Coinbase just announced that they will become a licensed Bitcoin exchange in more than 20 US states (which is good news!). The bitcoin price has had […]
The post Bitcoin Price Is Skyrocketing – Back to Old Glorious Days? appeared first on CryptoCoinsNews.
The recent drop in bitcoin price has given ammunition to bitcoin skeptics. But this weekend, readers of The Wall Street Journal got a long-term perspective on bitcoin with an essay titled, “The Revolutionary Power of Digital Currency.” The essay sported a dazzling illustration showing of the headline bursting out from an unzipped leather wallet. A […]
The post Wall Street Journal: Digital Currencies Like Bitcoin Will Disrupt Global Finance appeared first on CryptoCoinsNews.
Bitcoin Price advanced to just a few dollars short of our $260 target while BTC-China exceeded the target to 1,575 CNY earlier today. The topping process of the current advancing wave may print one more high in the chart. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. […]
The post Bitcoin Value Reclaims Lost Ground appeared first on CryptoCoinsNews.
Bitfinex CSO Phil Potter came under a cloud this past Thursday, after an interview in which he seemed to be admitting to insider trading at Bitfinex. The interview was contained in a podcast that was posted on Vocaroo, an online voice recording service. In the voice recording, Mr. Potter can be heard strenuously clarifying that […]
The post Bitcoin Exchange Bitfinex Denies Allegations of Insider Trading appeared first on CryptoCoinsNews.
Bitcoin Price is being traded through a tough resistance zone via a slow and steady ascent. Buyers are seemingly entering the market while those already holding long positions, from lower down, refrain from taking profit in the hope of higher highs. This analysis is provided by xbt.social with a 3 hour delay. Read the full […]
The post Bitcoin Trading Through Resistance appeared first on CryptoCoinsNews.
ziftrCOIN crowdsale ended this week and they sold a whopping 4,141,444 ziftrCOINs worth more than $875,000. ziftrCOIN promotes itself as a gateway coin that will enable e-commerce. It comes together with a wallet, online marketplace, and a secure API that enables merchants accept both cryptocurrency and credit cards without having to store the customer’s card […]
The post ziftrCOIN’s Crowdsale Raised a Whopping $875,000 but Was Still Short By $125,000 appeared first on CryptoCoinsNews.
Valery Vavilov, BitFury CEO, recently told me in a one on one interview at TNABC (The North American Bitcoin Conference) in Miami that he believes in the technology of the blockchain. He sees the infrastructure that has been built up around it as amazing with endless opportunities. He told CCN that BitFury is making some […]
The post Bitcoin Mining Company BitFury to Acquire Allied Control For Immersion Cooling appeared first on CryptoCoinsNews.
The Isle of Man is known for having a bitcoin-friendly exterior in the world that seems so bent on regulating digital currencies. Through legislation allowing the exchange of digital currencies, they’ve poised themselves to be a haven for bitcoin enthusiasts. With the Isle of Man being so open to bitcoin, it only makes sense that […]
The post Isle of Man Payment Processor Wants To Bring Bitcoin Payments to 260 Million European Shoppers appeared first on CryptoCoinsNews.
We have not updated our Miner Control based package for GTX 750 Ti GPUs for a while, so we have decided it is time to update it with the latest development – version 1.6.1 with an up to date ccMiner fork 1.5.31-git windows binary from SP (compiled for Maxwell cards with Compute 5.0 and 5.2 only). The GTX 750 Ti package is configured to work with NiceHash, WestHash and Yaamp pools, supporting the more profitable X11, X13, X14, X15, Keccack, Lyra2RE and Quark algorithms. We have temporary removed support for NIST5 as it appears to have some issues with the latest releases of ccMiner from SP. It seems that at the moment mining Quark is profitable on Nvidia GPUs as compared to other popular algorithms.
You can download the package below with settings already set for non-overclocked GTX 750 Ti, if you are going to be using it on multiple card mining rigs you need to multiply the hashrate for the algorithms supported. The package will also function just fine on GTX 960, GTX 970 and GTX 980 cards where you would need to set the power usage and hashrate numbers for your respective hardware to get the correct calculations working. To be ready to use it you just need to update the account settings for each pool to reflect your BTC payment address. Do note that the default configuration that we have left is set to mine from time to time for the author of the software (Miner Control) as a donation alternative, but you can change that setting should you wish to.
– To download the Miner Control 1.6.1 GeForce GTX 750 Ti ready to use pack for Windows…
Bitcoin Price is showing signs of advance and has begun an assault on a long-term trendline that has both supported and resisted price moves since November last year. The move is expected, as has been outlined in these analysis articles during the week. This analysis is provided by xbt.social with a 3 hour delay. Read […]
The post Bitcoin Price Advance Challenging Resistance at $235 appeared first on CryptoCoinsNews.
Bill Gates has done a great deal of work throughout the developing world in the field of vaccinations, disease eradication, and funding clean water projects. He has a long history of many years of investment and research into poverty in the Third World, and how things can be improved. Now, he has published his 3rd-annual […]
The post Bill Gates on Bitcoin: Bitcoin Alone is not Good Enough appeared first on CryptoCoinsNews.
Recently, Bitcoin Shop, Inc closed on financings for aggregate proceeds at almost $500,000. Additionally, Bitcoin Shop saw it fit to invest $100,000 more in one of their partners, Coin Outlet. “This is a great step to encourage the use of digital currencies among consumers who have yet to experience the easy exchange of US dollars […]
The post Bitcoin Shop Thinks Bitcoin Price Downturn is Positive, Investing $100,000 in Bitcoin ATMs appeared first on CryptoCoinsNews.
According to a new infographic, featured below, bitcoin is electrifying the non-profit profit sector. “The piece explores how Bitcoin will revolutionize charitable donations given to non-profit organisations, focusing on how it will work and what challenges donating in digital currencies face in the long run,” Max Hammond, Digital PR Executive for NeoMam Studies, said upon […]
The post Bitcoin is Revolutionizing the Non-Profit Sector [Infographic] appeared first on CryptoCoinsNews.
At last year’s World Economic Forum in Davos, Bitcoin was only mentioned in scorn by the attending central banking elite. Major establishment players such as JP Morgan Chairman Jamie Dimon, and Treasury Secretary Jack Lew managed to say the word Bitcoin, only to speak of it through clenched teeth. In 2015, Bitcoin is getting the […]
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Bitcoin price is advancing in intermittent surges punctuated by hesitant consolidations. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis Time of analysis: 14h00 UTC Bitfinex 15-Minute Chart The Bitfinex 15-minute chart shows the massive reverse divergence (magenta) that had occurred between price […]
The post Market Trading Back Bitcoin Value appeared first on CryptoCoinsNews.
Today Nvidia has introduced a new mid-range GPU based on their latest Maxwell architecture – the GeForce GTX 960. Specifications wise the new GTX 960 is kind of half the parameters of the GTX 980 at about half the price, but it is actually more interesting as an alternative to GTX 750 Ti in our opinion. The Nvidia GeForce GTX 960 GPUs should provide roughly 1.5x to 2x the performance of a GTX 750 Ti being slightly more expensive and with 120W TDP according to the official specifications. We have managed to get our hands on one GeForce GTX 960 from Palit, their reference-like design though it is still slightly overclocked version, but the lowest and cheapest version that they currently offer and have decided to compare it to the performance of a reference GTX 750 Ti card with no factory overclocking to see the difference in performance.
We have used the latest ccMiner 1.5.31-git Fork by SP for Maxwell to test on both GPUs and you can see the results in the table above. As expected the performance result from the GTX 960 we are seeing are in the range 1.5x-2x the ones that GTX 750 Ti provides. With a more serious factory overclocked GTX 960 results more to the 2x can be observed as compared to a reference non overclocked GTX 750 Ti GPU. There were however a few weird things that we have noticed and also the reason why there are no results from all of the supported algorithms listed in the table. Lyra2 for example performs worse on GTX 960 than on GTX 750 Ti, it probably needs some optimizations to show the maximum potential that the GTX 960 can offer. NIST5 seems to be broken in the latest ccMiner fork as it did not properly work on any of the Maxwell cards, the Blake, Blakecoin and Penta algorithms provided too weird results and very significant difference between the two cards. So we have decided not to include them until further investigation on why the results are so strange and different for the two GPUs. Anyway, it seems that the GTX 960 could be an alternative solution for GPU mining instead of the GTX 750 Ti for mining rigs that use multiple video cards. That is if you consider investing in GPU mining rigs for mining crypto coins with the idea not to mine for profit at the moment, but to keep the mined coins expecting better times to trade them as currently GPU mining is not very profitable with the low exchange rates at the moment.
Paymium announced today a partnership with Ingenico, the world leader in the payment terminal industry. This new move from the Bitcoin startup is likely to be a huge step towards bitcoin adoption among merchants. Merchants: A World To Conquer Also read: BitPay Plans to Have “One Million Merchants Taking Bitcoin by the End of 2016″ […]
The post Paymium Teams Up With Payment Terminal World Leader Ingenico appeared first on CryptoCoinsNews.
The BitcoinTalk forum, pretty much the largest crypto currency discussion website, is currently experiencing some downtime. It seems that the problem this time is caused by hardware failure, unlike the last time back in November last year when the forum was apparently DDoS attacked. Checking the official twitter account for updates reveals information that apparently the problem was caused by hard drive failure and there could be some extended downtime before things are back online. Also there is information that some of the posts made in the last few hours before the website went down might be lost. Hopefully things with BitcoinTalk will be back to normal later today and the forum will resume operation again…
The Silk Road trial of founder Ross Ulbricht in New York is gathering a lot of media attention. Negative attention for any Bitcoin-related issues is not uncommon in the mainstream, but RT America has discovered some issues with the prosecution’s case that could easily favor an acquittal for Ross Ulbricht. Screenshots and Hacks are what […]
The post Shaky FBI Evidence may lead to Ross Ulbricht Case Dismissal appeared first on CryptoCoinsNews.
The renowned Bitcoin forum bitcointalk.org is currently down due to disk failure. Some rumored that they were attacked with DDoS like last year, but their twitter account sent out the following update today: Some disks seem to have failed. Expect extended downtime They also sent out a tweet saying: Posts made in the last 9 […]
The post Bitcoin Forum Bitcointalk is Down due to Disk Failure – Data Lost appeared first on CryptoCoinsNews.
Bitcoin Trading is generating zig-zagging price waves in the $200-$220 range. The sideways correction is ongoing as leveraged traders take advantage of the lucrative range-bound action. Meanwhile, at the larger daily timeframe, a combination of technical indicators have emitted a welcome trade signal. This analysis is provided by xbt.social with a 3 hour delay. Read […]
The post Bitcoin Trading in a Pressure Cooker appeared first on CryptoCoinsNews.
A new bitcoin market recently came on the radar that’s looking to shake up the way people think about buying and selling bitcoin. Over the past year, the bitcoin community has been beaten by hacks and thefts all over the map due to incompetent exchanges holding their funds. From stories like Mt.Gox to Bitstamp, it […]
The post MultiSignia: The Bitcoin Market Exclusively Using Multi-Signature Wallets appeared first on CryptoCoinsNews.
The cloud mining service Genesis Mining has announced an interesting options to its users that have purchased Scrypt cloud mining hashrate – an option to transfer the Scrypt hashrate into SHA256D hashrate. With the current low Litecoin exchange rate and the high network difficulty a lot of services offering Scrypt cloud mining are close to being unprofitable resulting the in the cancellation of these contracts. While the Scrypt cloud mining hashrate at Genesis Mining is still bringing some prfoit, though not much, the service has decided to offer users the ability to convert their Scrypt hashrate to SHA256D hashrate at 1:1 rate. So you can turn 1 MHS into 1 GHS, something that may not seem like a very good offer considering how much you had to pay for for 1 MHS as compared to 1 GHS, but with the current low profitability for Litecoin on the longer term it might not be so bad with the chances that soon your Scrypt mining contract might be terminated if it becomes unprofitable and this trend lasts for 20 consecutive days.
There is a bit of catch though, you have only 3 days from now to make your decision if you want to make the switch from Scrypt to SHA256D cloud mining hashrate at a rate of 1 MHS for 1 GHS. After that this offer will most likely not be available and it is up to you to decide if you should take it or not as there is still a chance that Litecoin may recover and become viable to mine it again. The only thing you need to do is login to your account and click on the Transfer Hashpower button in your contro panel. A word of warning though, clicking on the button will immediately transfer the Scrypt to SHA256D hashrate, there will be no confirmation required and you will not be able to reverse your decision. So make sure you carefully decide if you should take up on that offer or not.
Robert Faiella, whose online alias was “BTCKing,” who worked for Silk Road as an underground Bitcoin currency exchange agent, was sentenced today to four years in prison. This was announced by Preet Bharara; the United States Attorney for the Southern District of New York. The sentence was for his part in aiding and abetting the […]
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The article on Bitcoin in the world-renowned daily periodical, the New York Times, written by Edward Hadas, has all the earmarks of a throw-away entry. Low in content, yet high on opportunity. If anything, the article is a victim of disinterest by the author. Like many things in the United States, the content used to […]
The post “Bitcoin is a Victim of Disinflation” – What’s the US Dollar a Victim of? appeared first on CryptoCoinsNews.
One thing, which can be certain within the bitcoin world, is that some events are so extraordinary that they seem like fiction. An event, which you may or may not have been following these last couple of years, is the case of Silk Road and Ross Ulbricht. The Silk Road was a notorious underground (or […]
The post Silk Road And Ross Ulbricht, The Trial Continues appeared first on CryptoCoinsNews.
David Andolfatto, vice president of the Federal Reserve Bank of St. Louis, came out Monday with some words that should be encouraging to the Bitcoin world. He said that the open-source, transparent, decentralized management of the blockchain, the ledger that underpins all Bitcoin transactions, is a “stroke of genius.” He believes the Federal Reserve could […]
The post Official Says Federal Reserve Could Benefit from the Bitcoin Blockchain appeared first on CryptoCoinsNews.
It wasn’t long after the announcement that Coinbase raised $75 million in funding that Gyft announced they’ve modified their platform to work with the Coinbase wallet. Now that they allow for the purchase of bitcoins through different bitcoin methods, Gyft joins the ranks of the few companies that allow for this kind of diversification. “Gyft […]
The post Gift Card King Gyft Teams Up with Coinbase for Seamless Transactions appeared first on CryptoCoinsNews.
Readers may remember late last year when we reported that Judge Forrest would not be revealing the witnesses for the prosecution prior to their appearances in Ross Ulbricht’s case, a crucial part of the process of discovery in any criminal defense. Since the case kicked off last week, the judge has routinely indicated that she […]
The post More Deck Stacking in Ross Ulbricht Case appeared first on CryptoCoinsNews.
The previously leaked rumor of Coinbase raised $75 million is now confirmed. The company did, in fact, raise that much money and the investor list is juicy for speculators and bitcoin lovers alike. In their announcement, Coinbase said their fundraiser is something they’re honored to be a part of, stating the following: “Today’s fundraise gives […]
The post New York Stock Exchange and Former Citigroup CEO Invest in Coinbase appeared first on CryptoCoinsNews.
Bitcoin price is attacking overhead resistance and is advancing in a strong wave toward $218. Price has been rejected by a sloping trendline at this level for several days. Will it break through this time? This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis Time […]
The post Bitcoin Price Moving Up By Moving Sideways appeared first on CryptoCoinsNews.
The Bitcoin payment processor Coinbase has announced that they have raised $75 million USD in Series C financing, the largest funding round to date for a Bitcoin company, bringing their total capital raised to $106 million US dollars. What is even more interesting however is the companies that have invested in Coinbase this time and not only the serious investment being made. Apart from some of the existing investors the new investors include USAA, BBVA, The New York Stock Exchange, and NTT DoCoMo – Japan’s largest mobile telecommunications operator. There are also personal investments from former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer. It is interesting to see that financial institutions and other large companies are starting to show serious interest in Bitcoin, making major investments is companies dealing with crypto currencies. Great news not only for Coinbase, but also something good for BTC since the start for 2015, something that was really needed after the not so great beginning of the year for crypto currencies.
In 2010, more than $5 billion was sent back home from Indonesian migrant workers across the world, up 2.44 percent from 2009 ($4.91 billion). That number may seem huge but, in the grand scheme of things, it’s very small. Through the process of remittance, $436 billion looked to be sent back home in total during […]
The post Bitcoin Remittance Services in Indonesia Could Save Migrant Workers $374 Million appeared first on CryptoCoinsNews.
Bitcoin value per coin has entered yet another correction as the market shows hesitation to push the price higher. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis Time of analysis: 15h30 UTC Bitfinex 15-Minute Chart During the past three days, we have […]
The post Bitcoin Value in a Correction Below $220 appeared first on CryptoCoinsNews.
The Digital Currency Council (DCC) has made quite a name for itself in 2014, charting the adoption of Bitcoin throughout Western Civilization. The DCC also provides testing for Bitcoin practitioners, and a place for accountants, lawyers and other legal professionals to get the latest training and accreditation in Bitcoin in order to educate the populace. […]
The post Top 30 Bitcoin Influencers of 2014 appeared first on CryptoCoinsNews.
As a former Wall Street banker myself, news of the banking industry’s collective influence on the greater society at large always strikes a nerve with me. Banking, in and of itself, is generally a very good thing for societies. People cannot buy major purchases like homes and cars without loans and lawyers involved. Your membership […]
The post British Bankers Unite Against Bitcoin by Linking it to Terrorism appeared first on CryptoCoinsNews.
Struggling with obesity is a difficult life, especially when people feel no one around them understand the problem. Some people blame it on their genes; some people blame it on their lack of physical activity. There’s one way to combat obesity though that even the U.S. government is giving the green light though that could […]
The post FDA Approves Brain-to-Stomach Obesity Treatment to Help Lose Weight At The Source appeared first on CryptoCoinsNews.
Happy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week, here on CryptoCoins News. This week, the bitcoin price dropped below $200 USD before slightly rising again to the low $200’s, bitcoin scam CryptoDouble disappeared with over 2000 bitcoins, bitcoin payments processor EgoPay […]
The post Bitcoin News in Review: Bitcoin Price, CryptoDouble, EgoPay, and More appeared first on CryptoCoinsNews.
While some cloud mining companies are terminating their contracts or are in the verge of doing leaving many not very happy customers, others like Genesis Mining are apparently here to stay. They have just announced new lower prices for the Bitcoin cloud mining hashrate that they offer along with lower maintenance fees for the existing and new customers. The new prices are as follows: 50 GHS are available for $24.49 USD ($0.49 per GH/s), 1000 GHS for $469 USD ($0.47 per GH/s) and 15000 GHS for $6750 USD ($0.45 per GH/s) this is down about 30% from the old prices. Furthermore the maintenance fee has been lowered from $0.002 USD down to $0.0015 USD per GHS per day, or with other words this should save you 25%. You can also use our special promo code – CryptoMiningBlog5 that will give you an extra 5% discount on every purchase at Genesis Mining to get even better prices.
– You can get more information about the cloud mining services offered by Genesis Mining here…
Bitcoin price breakout to the upside after completing a corrective decline over the past few days. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis Time of analysis: 14h30 UTC Bitfinex 1-Hour Chart A price surge from $192 happened following a few days of corrective […]
The post Bitcoin Price Trading Above $200 appeared first on CryptoCoinsNews.
Time for a new windows binary compiled from the latest code of the ccMiner 1.5.31-git SP-MOD fork of the Nvidia GPU miner optimized for Maxwell GPUs by SP (source). This version includes fixes as well as some performance improvements in various algorithms since the last binary we have compiled a few days ago. The latest version also gets ccMiner ready for the upcoming Nvidia GeForce GTX 960 GPU that is expected to be available very soon. Other than that this version from SP is designed for running on Nvidia Maxwell GPUs such as the already available GTX 750 and 750 Ti as well as the newer GTX 970 and 980. The windows binary release we have made available here is compiled with support for Compute 5.0 and Compute 5.2 GPUs or with other words only for Maxwell-based cards with CUDA 6.5 and VS2013.
– To download the latest ccMiner for Maxwell version 1.5.31-git by SP for Windows OS…
We have not compiled a windows binary from the latest sgminer (source) for a while and meantime it has been updated to version 5.1.0 including some small fixes. We have compiled a windows binary form the latest source code available in the master branch and you can download it from the link below. If you were using an older binary compiled from a development source then you might want to update it to this one that is based on the latest stable source. Don’t expect to get some serious performance increases from this version, unless of course you are still using a very old development release. If you are using an older release of the dev version of sgminer for mining FeatherCoin (FTC) or another NeoScrypt-based crypto coin you might want to make sure you have the latest version and update.
– To download the latest sgminer 5.1.0 miner binary for Windows OS…
Weekend Bitcoin trading pulled price below $200 for a few hours today. The bears seemed to find renewed energy for a claw down only to run out of steam near $190. CCN presents summary analysis that finds technical clues of an advance to $260. This analysis is provided by xbt.social with a 3 hour delay. […]
The post Bitcoin Trading Bears Can’t Get The Price Down appeared first on CryptoCoinsNews.
2014 was the most surprising, exciting, demoralizing, political, contentious, spectacular year in the Bitcoin’s six-year existence. Many impressive, very influential friends were made. Many powerful enemies stepped forward as well, looking to control that which was not meant to be restrained. As we head into Year 7 of Bitcoin, it’s time to look back at […]
The post Bitcoin Year In Review: 2014 – A Year to Remember appeared first on CryptoCoinsNews.
Litecoin developer Charlie Lee shocked many community members last month when he said “Litecoin does not need development right now.” Rather, he said, the coin needed users, liquidity, and merchant acceptance to succeed in the long term. However, the coin has struggled to achieve any of those aspirations, and the bitcoin price decline has weakened […]
The post The Litecoin Price is Crashing: Here’s Why appeared first on CryptoCoinsNews.
With Lizard Squad‘s brazen tactics to raise Twitter followers and eventually come into possession of 3000 lifetime accounts on Kim Dotcom‘s encrypted file-sharing service, Mega, one could assume the group was for some reason untouchable. After all, the Christmas Day attack was announced a month or more in advance, and nothing was done to stop […]
The post Lizard Squad Suspect Arrested in Southport, United Kingdom appeared first on CryptoCoinsNews.
Gem, the Venice, Calif.-based Bitcoin startup offering a multi-signature-based security platform to Bitcoin developers, has partnered with expresscoin, the Santa Monica, Calif.-based digital currency retailer. The partnership will offer Gem’s scale-able and secure API wallet to expresscoin users, initially powering internal accounts and operations and eventually powering co-branded, end-user wallets with Gem’s multi-signature security solution, […]
The post Gem Brings Bitcoin Multi-Signature Security to expresscoin Platform appeared first on CryptoCoinsNews.
A recent article by Alex Rad (@defendtheworld) and Juliano Rizzo (@julianor) provides details on an alleged weakness in the Telegram (@Telegram) application. GigaOM writer David Meyer (@superglaze) dug into the story, then later had to make some small corrections.
The post Is Telegram Really In Trouble? appeared first on CryptoCoinsNews.
A good discussion here, from Coinbrief, is whether wages paid in Bitcoin would lower volatility. In short the proposal put forward is as follows: Bitcoin wages > businesses need more Bitcoin, they either buy directly or offer goods/services or increased incentives for Bitcoin sales to customers > or use Bitcoin wages (which amounts to the […]
The post Can Bitcoin Wages Lower Volatility? appeared first on CryptoCoinsNews.
Bitcoin Price is trading sideways, today, following two emotionally charged days of volatile trade. CCN presents summary analysis that looks for clues to what the Bitcoin price may be up to next. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis Time of […]
The post Bitcoin Trading Sideways Before Pushing Higher appeared first on CryptoCoinsNews.
BitMain has started selling the AntMiner U3 Bitcoin ASIC miner again with a slightly different design than the original first batch, other than that the specifications remain pretty much the same (with some minor differences in cited power usage). The new AntMiner U3 Batch 2 is available with a minimum order quantity of 20 units at a price of 38 USD (0.185 BTC) and the Batch 3 is with a minimum order quantity of just 5 units available at a price of 39 USD (0.19 BTC). The BitMain AntMiner U3 ASIC miners provide 63 GHS at about 60W with 1 Watt per GHS in the new specifications that are published by BitMain with a low noise level.
BitMain AntMiner U3 Specifications:
– Max Hash Rate: 63 GH/s ±5%
– Power Efficiency: 1Watt/GH/s on wall at 0.83V
– Voltage: DC 12V input, 6A
– Chip Quantity per unit: 4
– One 80mm fan
– Noise: ~25 DB at 25 °C ambient temperature
– Hashrate and VDD core voltage can be adjusted via cgminer command line
– USB connection
– 12V AC/DC power brick of 6A, but power line not included
– Certificate Compliance: FCC/CE
BitMain has these miners available for home users that want to have access to affordable priced and silent Bitcoin ASIC miners that want to play with them just for hobby, they are not designed to ROI due to their lower hashrate and not so great power efficiency. Since they are running batch 2 and 3 this means that there is interest in these little devices from users, though you probably would want to get a single unit to play with it and not buy a minimum of 5 or 20 units. This means that most end users will probably not be interested in directly buying AntMiner U3 from BitMain, but will look for some company reselling these at a single piece quantities.
As previously reported on CCN, PayPal has taken steps forward to endorse Bitcoin as a form of online payments, and the integration of Bitcoin into PayPal’s payments services is going forward. Since PayPal and Bitcoin are global services, how Bitcoin is treated internationally is of great import to PayPal. Australia has a love-hate relationship going […]
The post PayPal Weighs in on Potential Bitcoin Currency Regulations appeared first on CryptoCoinsNews.
Samy Kamkar, a privacy and security researcher, has released a keylogger that is built to intercept the transmission from Microsoft wireless keyboards, hidden in what appears to be a large, but functional USD wall charger. The device, named KeySweeper, can sniff, decrypt, log, and report all keystrokes made by users, saving them locally and online.
The post USB Wall Charger, KeySweeper, Can Secretly Log Keystrokes From Microsoft Wireless Keyboards appeared first on CryptoCoinsNews.
Is Mark Karpeles the infamous Dread Pirate Roberts? The Ross Ulbricht trial currently ongoing in New York City has taken an unexpected turn. The defense, with the help of the undercover Silk Road agent working for the Department of Homeland Security, Der-Yeghiayan, has seemingly successfully presented the case that the culpable Dread Pirate Roberts behind […]
The post Undercover Silk Road Agent Believed Dread Pirate Roberts (DPR) to Be Mark Karpeles of Mt. Gox appeared first on CryptoCoinsNews.
Earlier this month Zeushash has stopped all Scrypt cloud mining contracts due to the maintenance fees exceeding the mined coins for a long period of time. Today the service has warned its user that the same can happen with their Bitcoin cloud mining contracts as well. This is a direct result from the low Bitcoin price that was observed lately along with the relatively high maintenance fees of the service. As per the contract terms the Bitcoin cloud mining contracts can be stopped if the fees are higher than the profit for a period of 10 days. If this happens, though not seeming that likely today as the Bitcoin price has been recovering a bit, it would essentially mean that the ZeusHash platform will not be offering anything to the tens of thousand customers it claims to have. ZeusHash still sells GHS cloud mining hashrate, though they are warning users not to purchase any hashrate for the moment. If they stop offering Bitcoin cloud mining after they stopped with Scrypt, then this would essentially mean that the service will have nothing to offer to its customers.
At the moment it seems that other cloud mining services may start having trouble with the profitability, so they either need to optimize their operations or there is a chance they may get out of business. Most of the cloud mining services offering “Lifetime” cloud mining contracts do come with a term that if the maintenance fees exceed the profit made from the mined coins these contracts can be terminated. So as a result the user interest in cloud mining services has decreased quite a bit lately, the same goes for the purchase of ASIC mining hardware and even building GPU mining farms. There is however a chance that this not so favorable situation at the moment may actually end up helping the whole crypto currency ecosystem by helping normalize things after the very rapid growth that we have observed in the past year… we’ll have to wait and see.
Recently Sweden’s Pirate Party members Gustav Nipe (@gustavnipe) and Elin Andersson (@piratfeminist) attended the annual Swedish security conference hosted by Folk och Försvar (Folk & Defense), set up WiFi under the SSID Open Guest, and captured traffic from about a hundred attendees. They published an opinion piece (Swedish) about their findings, not naming those they […]
The post Pirate Party Schools Sweden’s Security Experts appeared first on CryptoCoinsNews.
The sky did not fall on Bitcoin price and during early trade the price was trading above $200 after a ferocious drop to near-$150 in the first half of the week. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Bitcoin Price Analysis Time of […]
The post Bitcoin Value Capitulates – Bitcoin Price Back Above $200 appeared first on CryptoCoinsNews.
Coinsetter, a reputable New York based Bitcoin exchange, has added margin and shorting, as well as the ability to minimize capital held on a Bitcoin exchange to businesses and market makers. This move is a response to security breaches that have weakened the Bitcoin market. Select customers will now have the option to buy and […]
The post Bitcoin Exchange Coinsetter Adds Shorting and Margin appeared first on CryptoCoinsNews.
There are already a lot of rumors over the internet, including some leaked photos, specs and gaming performance results of a new Maxwell-based GPU coming from Nvidia next week – the GTX 960. The final specifications of the GTX 960 are not officially announced, but according to the information available the card will come with 1024 CUDA cores, 64 TMUs, 32 ROPs, 128-bit memory bus or essentially half of the specs of the GTX 980. The expected power usage is around 120W or around double that of the GTX 750 Ti with an expected end-user price of about $199 USD ($149 for the 2GB GTX 750 Ti). So with just $50 USD more you could be able to get a new Maxwell-based GPU that could as well provide twice the crypto mining performance of a GTX 750 Ti GPU and if this is indeed true when we see the final card and the actual performance it offers it will be quite an interesting alternative to GTX 750 Ti for mining rigs. That of course is still in the form of speculations as we don’t have officials announced product and specifications, but our expectations based on the leaked data so far suggest that about twice the performance of GTX 750 Ti is possible. We are going to be keeping an eye out for the announcement of the new GTX 960 graphic processors from Nvidia expected next week and are going to be trying out a card as soon as we manage to get our hands on one of these to see what kind of performance will it offer for crypto mining. So stay tuned for more information when it becomes available.
Bitcoin price has been declining for a year to the consternation of those who want Bitcoin’s price to appreciate, so they can cash out some of their Bitcoin holdings at higher prices for a profit. Many Bitcoin holders may be surprised to learn that it is possible to make equal profits, during times of falling […]
The post Bitcoin Trading – Profit From a Falling Bitcoin Price appeared first on CryptoCoinsNews.
Bitcoin is dead. Bitcoin is dead, cry the critics. Like vultures at a funeral, financial pundits are circling. Each one is vying to print their “I told you, so”‘s before the other – fighting like starving dogs over table scraps. Benign Parsimony Bitcoin is dead, they say again. Miner’s are shutting down. Services are running […]
The post Bitcoin is Dead Because You Are Too Dumb appeared first on CryptoCoinsNews.
Bitcoin has seen a prolonged fall in its US Dollar price. This has had a large affect on many sectors of the digital currency community and ecosystem. The value of less valuable altcoins has seen a corresponding tumble in value. The day-traders and short-term speculators are bailing out of the market en masse. And the […]
The post Bitcoin’s Dollar Value Wreaks Havoc within Cloud Mining Industry appeared first on CryptoCoinsNews.
Predictably, negativity in regards to Bitcoin is gaining traction as the fiat valuation of it loses the same, and Erik Voorhees, the man behind Coinapult and SatoshiDice you may remember from The Rise and Rise of Bitcoin, has (generously) taken the time to respond to a particularly denigrating article in mainstream website the Daily Dot’s […]
The post Erik Voorhees: “Bitcoin is Ultimately a Battle of Ideas.” appeared first on CryptoCoinsNews.
Sony was shredded by a group that the government claims is based in North Korea, a theory that almost nobody in the security field finds credible. CENTCOM’s Twitter was the subject of a hilarious false flag takeover that credited ISIS, a claim that is considered questionable due to certain cultural nuances in what it communicated. […]
The post FBI Spies, Conceals From Congress appeared first on CryptoCoinsNews.
Cointerra, a Bitcoin mining company, based in Utah, is shutting down operations as they work with lenders on a potential restructuring of it financing, according to CEO Ravi Iyengar. This action has led Cointerra to be in default of its senior notes obligations. The loans are currently secured by the operational mining equipment at multiple […]
The post Cointerra Cloud Mining Goes Into Default; Sued by C7 appeared first on CryptoCoinsNews.
Bitcoin scams are back. CryptoDouble, a website founded on the promise of doubling its users’ deposits within 100 hours, ceased all its operations. At least 2233 BTC (about $500,000) have been cashed out on BTC-E, leaving thousands of customers out of pocket. The service gained a significant popularity on Bitcointalk, where customers first testified about […]
The post Bitcoin Ponzi CryptoDouble Disappears With At Least 2233 Bitcoins appeared first on CryptoCoinsNews.
Bitcoin Price has dropped lower and, at the time of writing, is testing the critical “psych” level of $200. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis Time of analysis: 06h15 UTC Bitstamp Daily Chart – 05h00 Earlier today, the above chart posted at […]
The post Bitcoin Trading Selling Bitcoin to $200 appeared first on CryptoCoinsNews.
Today the Bitcoin exchange rate briefly dropped down to about $150 USD on Bitstamp, though shortly after that it rose back to over $200 USD. This was enough to scare some people to panic sell as usual and has sprouted new theories about the cryto currency failing or dropping down to sub $100 USD and so on. The fact is that lately the Bitcoin exchange rate was actively swinging with big jumps up or down and nobody knows for sure what is going to happen. This could be a result of the recently hacked Bitstamp exchange and almost 19000 BTC stolen that are being dumped on exchanges, or ponzi schemes that have stolen Bitcoins from users dumping them, or a result of big mining ASIC manufacturers (Cointerra) and cloud mining services such as CEX.IO stopping their mining operations. It could as well be none of the above or all of the above, but the majority of people that believe in Bitcoin and crypto currencies are not ready to give up on the idea. A lot of businesses however that are focused on mining for crypto currencies may suffer from the not so good exchange rate lately and we already are seeing very big companies in that area starting to get affected…
Ross Ulbricht’s defense attorney, Joshua Dratel, does not deny that his client founded the Silk Road. Indeed, Ulbricht began the illicit drug dark web drug market in February 2011, Dratel says, as a sort “economic experiment” relating to Ulbricht’s libertarian belief system. However, the defense claims that after a few months, Ulbricht “found it too […]
The post Ross Ulbricht’s Defense Claims Frame Up By Silk Road’s Real DPR appeared first on CryptoCoinsNews.
Safe. This is the conclusion drawn by KPMG, who gave a precious ISAE 3402 accreditation to the bitcoin cold storage firm Elliptic. The company secures its customers’ bitcoin through the combined use of strong encryption procedures and secure physical locations disseminated all over the world. Also read: Elliptic Vault In The United Kingdom Is Offering […]
The post Bitcoin Vault Elliptic Receives ‘Big Four’ Financial Accreditation appeared first on CryptoCoinsNews.
The Twitter and YouTube accounts for the U.S. military command that oversees operations in the Middle East were hacked on Monday by people claiming to be sympathetic toward the Islamic State militant group being targeted in American bombing raids, Reuters reports.
The post US Central Command Hacked by ISIS, Documents Leaked appeared first on CryptoCoinsNews.
Bitcoin Price has dropped to a new decline low in a fierce sell-off across exchanges. During the overlap of the late US and early Asian trading session price began falling from levels in the high $260s (1,670 CNY) to the low $250s (1,508 CNY) within an hour. At the time of writing the average USD […]
The post Bitcoin Price Record Low, Tumbles in Sell-Off appeared first on CryptoCoinsNews.
Following the tour de force made by an Ukranian startup that converted thousands of regular ATM into Bitcoin ATMs, a Spanish startup used the same procedure to convert 10,000 ATM across Spain. Smart-Thinking One wise entrepreneur once said: “Why should we reinvent the wheel?” This consideration is fully integrated in Bit2Me‘s culture, so that they […]
The post Spanish Startup Bit2Me ‘converts’ 10,000 ATMs to Bitcoin appeared first on CryptoCoinsNews.
2014 will be the year flooded with the tears of speculators. Falling prices this past year have lead to many theories regarding price. One of the most recent is a rehash of the very old – Any service like BitPay crashes bitcoins’ price. Founded in 2011, BitPay is the leading payment service provider (PSP) specializing […]
The post BitPay Crashes Bitcoin Price? Or Why The Price is Falling. appeared first on CryptoCoinsNews.
Bitcoin investment company Delta Financial, which was offering financial services such as interest accounts and trading products, announced today the termination of its operations. This announcement comes a few days only after the closure of another bitcoin startup, Vault of Satoshi. Also read: Vault of Satoshi Makes Cold Wallets Public Too Optimistic Goals? Designed to […]
The post Delta Financial To Enter The Bitcoin Startup Graveyard appeared first on CryptoCoinsNews.
In an unprecedented move, Bitrush is giving away a limited supply of free Bitcoins. By simply creating an account with bitrush (a simple one-click process), users are provided with the computing power to mint their own Bitcoins. Since its debut, Bitrush has proven itself more than worthy of the hype surrounding this fresh, new company. […]
The post Bitrush Giving Away Free Bitcoins appeared first on CryptoCoinsNews.
Entrepreneur, Ricardo Ferrer Rivero has developed a working prototype of a 3D-printed Bitcoin payment terminal called PEY. The PEY terminal uses iBeacon technology, so that users who have the PEY app installed on their phone, will receive a push notification informing them that a local retailer accepts Bitcoin payments. Rivero’s inspiration behind creating PEY was […]
The post Free PEY 3D-Printed Bitcoin Payment Terminals Are Spreading Across Germany appeared first on CryptoCoinsNews.
Recent news has seen a lot of turbulence surrounding the launch of Paycoin and its progenitor, GAW Miners CEO Josh Garza. A polarizing argument has arisen over the value of Paycoin, the Peercoin fork which many feel has too many promised deliverables to be real. At issue, is the perceived value of Paycoin. In a […]
The post PayBase Announces Guaranteed $20 Paycoin Repurchase Agreement appeared first on CryptoCoinsNews.
Bitcoin Price is trading below, but remaining close to, critical support currently rising near $280. Bitcoin Value Analysis Time of analysis: 15h00 UTC BTC-China 4-Hour Chart The longer-term 4-hour chart shows price decisively below both the green 20MA (moving average), as well as the red 200MA. BitFinex 1-Hour Chart Due to an outage, the Bitstamp […]
The post Bitcoin Value, Bitcoin Price Decline on Hold appeared first on CryptoCoinsNews.
Time for a new windows binary compiled from the latest code of the ccMiner 1.5.29-git SP-MOD fork of the Nvidia GPU miner optimized for Maxwell GPUs by SP (source) as apparently SP has been quite active lately. This version includes some fixes as well as quite a few performance improvements in various algorithms in the latest code since the last binary we have compiled a few days ago, so you might want to update to get a faster mining performance. The version from SP is designed for running on Nvidia Maxwell GPUs such as GTX 750 and 750 Ti as well as the newer GTX 970 and 980 and it also includes some additional performance optimizations. The windows binary release we have made available here is compiled with support for Compute 5.0 and Compute 5.2 GPUs or with other words only for Maxwell-based cards with CUDA 6.5 and VS2013.
– To download the latest ccMiner for Maxwell version 1.5.29-git by SP for Windows OS…
CEX.IO has just announced that they are temporarily suspending their Bitcoin cloud mining services at the time of the next difficulty increase. We can’t say we are surprised by that news coming from CEX.IO as the company already had quite high maintenance fees, apparently due to the use of older mining hardware that is not so power efficient anymore. We just did not expect to see one of the largest cloud mining service provider to temporary stop their cloud services due to mining not being profitable anymore, so the platform will continue to operate as a crypto currency exchange. Below is a quote of the official information that they have published on their blog:
Taking into consideration our users’ interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.
According to the 11.5. paragraph of CEX.IO Terms of Use:
“Mining with using User’s Gigahashes can be stopped by CEX.IO if the amount of the Maintenance Cost exceeds rewards for each mined block or if the mining is economically inexpedient.”Thereby, all GHS formerly purchased by CEX.IO users remain their absolute property, with appropriate figures reflected in users’ profile balance. Additionally users will be able to manually enable mining with Gigahashes by their own choice.
“Suspension of CEX.IO cloud mining service is only a forced temporary measure, the result of cloud mining costs exceeding mining profit,” Jeffrey Smith, Chief Information Officer of CEX.IO. “Currently all cloud mining/maintenance costs are directed to the Hardware provider, hence, we are open for negotiations with additional mining hardware providers, who can offer favourable terms. And, as soon as we get an opportunity to upgrade mining hardware, or come to more efficient terms with energy suppliers, cloud mining process will be automatically resumed.”
Meanwhile, CEX.IO will continue operating as full service exchange platform for trading cryptocurrencies and fiat money.
The Torgate controversy has sputtered along these last few months, running a distant second to the profoundly annoying GamerGate. The only legitimate complaint anyone seems to have about the Tor development team is the fact that their funding is largely government based, and given that Tor is open source and decentralized it meets the NSA’s […]
The post Reforming Tor Funding With Cryptocoins appeared first on CryptoCoinsNews.
AMHash has added the ability to withdraw the dividends that you get for cloud mining hashrate that you have purchased from the service or have moved hashrate purchased at Hashie. The withdraw functionality is apparently confirmed manually before the request gets approved and currently there is up to 48 “working hours” time for approval or with other words it can take quite some time. The minimum you need to have in your balance to request a withdraw to your wallet address is 0.005 BTC and there is nothing mentioned about a fee. We have verified that currently smaller withdraw requests seem to be sent without a fee – the 0.0439 BTC that we have accumulated for the time that our hashrate has been moved to AMHash. With this the AMHash service now can pretty much sell their cloud mining hashrate directly and users will be able to use the service’s web-based control panel and not have to rely on other companies to provide such functionality such as the failed Hashie. However there is not information on new cloud mining hashrate being available from the service soon for purchase and with the current market situation and low Bitcoin price it may take some time before the investment in new mining hardware becomes viable.
Wedbush Securities, a very large investment banking and brokerage firms is looking to hire a Bitcoin director to oversee all aspects of Bitcoin transactions within the firm. According to the Wedbush website, the position opening went live on January 8th 2015 and Wedbush seek to fill the position as soon as possible. After acquiring holdings […]
The post Wedbush Securities Is Hiring A Bitcoin Director appeared first on CryptoCoinsNews.
Prior to Isabel Cruz accepting Bitcoin, Portland, Oregon has been very slow to integrate Bitcoin into businesses within the city, much slower than many cities that are smaller in size. Isabel Cruz is well known for their unique menu, superb breakfast items, and the micro brews available on tap. Isabel Cruz is among the first […]
The post Portland Warming Up to Bitcoin? Isabel Cruz Restaurant Embraces Bitcoin appeared first on CryptoCoinsNews.
IBM’s Security team has released cyber attack statistics for 2014. In the summary, 2014s biggest hacks so far have changed from previous years – focusing on malware affecting US retailers, 43% more retail data was stolen in 2014 than the previous year.
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Bitcoin Price is going down. The downside thrust of the move from $275 to $264 at the time of writing leaves no doubt that a continuing downtrend is in force. Hopes of a 3rd wave turnaround are alive up to 99.9% retracement of the week’s advance, but the outlook is becoming grim. Bitcoin Price Analysis […]
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Many people worry about the government’s use of IMSI catchers or cell site simulators. These devices are commonly called “Stingrays” after a device manufactured by the Harris Corporation, IMSI catchers appear to be legitimate cell phone towers, tricking phones nearby to connect to the Stingray, which permits tracking the phone’s location in real time. Not […]
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Ericsson, a world leader in communications technology, releases a new report that reveals the financial services industry is already “exhibiting some early indicators of potentially dramatic industrial disruption” due to cryptocurrencies. The research report, titled Horizon Scan: ICT and the Future of Financial Services, conducted by Ericsson and Imperial College London, explores the implications and […]
The post Ericsson Report Reveals Early Warning Signs of Dramatic Disruption in Financial Services Industry appeared first on CryptoCoinsNews.
eGifter recently added eBay to its list of gift cards you can buy using Bitcoin and other Cryptocurrencies. eBay is one of the brands along with Amazon that people want the most to be able to shop at using Bitcoin. eGifter’s easy to use service bridges the gap for eBay and many more. Tyler Roye, […]
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