Red Hat and BlockApps Partnernship Sees Enterprise Level Blockchain Development

In a press release shared jointly, Red Hat Software, ConsenSys and BlockApps announced the launch of a new offering called STRATO on Red Hat’s OpenShift container application platform. STRATO offers a single-node blockchain instance which will be where developers can test Ethereum blockchain applications in a sandbox.The STRATO RESTful API allows developers to connect applications to private, […]

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BitFury Invests in Pan-African Bitcoin Trading Platform BitPesa

Bitcoin mining giant BitFury has today announced a ‘strategic investment’ through its investment arm BitFury Capital in BitPesa, a Pan-African and universal payment and bitcoin trading platform. The BitFury Group, the best-funded miner in the Bitcoin industry through investments has today announced an investment of its own in African bitcoin payment and trading platform BitPesa. […]

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Bitcoin Price Corrective High

Bitcoin price was pushed higher by eager buying today. The price move shows signs of being a corrective advance that will soon give way to the declining scenario discussed in weekend analysis. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a […]

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Lisk Raises Over 1200 Bitcoin During The First Week – Open Source Dapp & Custom Blockchain Platform

Bitcoin Press Release: Led by a duo of blockchain experts, the open source dapp & custom blockchain platform, will allow developers and programmers worldwide to build, publish, distribute and monetize their decentralized applications with ease. Lisk is now one week into their ICO, and has already raised over 1200 BTC. Lisk aims to revolutionize decentralized […]

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Ethereum Hardforking to Homestead at Block 1150000

The Ethereum project has released an official update regarding the next phase called Homestead that will need a hardfork and that will take place at block 1150000 or roughly around Pi Day (March 14th). Homestead is the second major version release of the Ethereum platform, which includes several protocol changes and a networking change that requires the hardfork. This does not mean that Ethereum will be switching to PoS yet, Homestead will continue to rely only on PoW mining with Proof of Stake switch phase planned for a later time in the future. After the Homestead hardfork everything should continue to run normally as it is now.

The Go version of Ethereum (geth) for Homestead will be release 1.3.4 and includes the above mentioned changes to the protocol and network. Following the release of Homestead the Go team will also shortly come with the 1.4 release, which is our big feature release and includes months of work. The C++ version of Ethereum (eth) for Homestead will be version 1.2.0. Apart from the protocol and network changes, it also tries to be as compatible to geth as possible. So make sure you keep track of the development in the newt two weeks as you will have to upgrade your Ethereum client if you are running a local node or have a local wallet when the new versions with support for Homestead become available.

Russia’s Central Bank Establishes Blockchain Working Group

While Russian authorities and regulators take a notoriously hardline stance against Bitcoin, the country’s central bank has announced the establishment of a ‘working group’ that will seek to study distributed ledger or blockchain technology, the same underlying technology that powers Bitcoin. In a confirmed nod toward showing favorability toward blockchain technology and new financial technologies […]

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Cryptsy Lawsuit Update – Vernon’s Ex-Wife Potentially Involved With Lost Funds

In what has been one strange and cryptic piece of news after another about the troubles that Cryptsy and its founder have been surrounded by, an update of the class action lawsuit against them has been released and it expands the subjects of whom is liable for the lost assets over the past year and […]

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New Raspberry Pi 3 Announced, Faster and with WiFi and Bluetooth

Most crypto currency miners should be very familiar with the Raspberry Pi, the small and inexpensive Linux-based “computer” that is often used to run big ASIC miners without the need of a dedicated powerful PC. The RPi however can be used for other things such as running a full Bitcoin or other crypto currency node with the help of a large USB drive or running a wallet for PoS for example. So the announcement of a new faster Raspberry Pi 3 could be of interest to a lot of people, especially considering the fact that the new model comes with built-in WiFi and the price remains the same as with the old model 2 – $35 USD, with the RPi 2 still available for anyone that needs it.

Raspberry Pi 3 Specifications:
– Processor: Broadcom BCM2387 chipset, 1.2GHz Quad-Core ARM Cortex-A53, 802.11 b/g/n Wireless LAN and Bluetooth 4.1 (Bluetooth Classic and LE)
– GPU: Dual Core VideoCore IV Multimedia Co-Processor. Provides Open GL ES 2.0, hardware-accelerated OpenVG, and 1080p30 H.264 high-profile decode. Capable of 1Gpixel/s, 1.5Gtexel/s or 24GFLOPs with texture filtering and DMA infrastructure
– Memory: 1GB LPDDR2
– Operating System: Boots from Micro SD card, running a version of the Linux operating system or Windows 10 IoT
– Dimensions: 85 x 56 x 17mm
– Power: Micro USB socket 5V, 2.5A

Raspberry Pi 3 Connectors:
– Ethernet: 10/100 BaseT Ethernet socket
– Video: Output HDMI (rev 1.3 & 1.4 Composite RCA (PAL and NTSC)
– Audio Output: Audio Output 3.5mm jack, HDMI,
– USB: 4 x USB 2.0 Connector
– GPIO Connector: 40-pin 2.54 mm (100 mil) expansion header: 2×20 strip providing 27 GPIO pins as well as +3.3 V, +5 V and GND supply lines
– Camera Connector: 15-pin MIPI Camera Serial Interface (CSI-2)
– Display Connector: Display Serial Interface (DSI) 15 way flat flex cable connector with two data lanes and a clock lane
– Memory Card Slot: Push/pull Micro SDIO

The dimensions and layout of the new Raspberry Pi 3 Model B are the same as with the RPi 2 Model B including the connectors, so it should be compatible as a direct replacement for the older unit if you are already using it for a project. The faster CPU can be a good upgrade for tasks requiring more processing power such as running a crypto currency node, the GPU is the same as with the old model, but clocked higher and you get WiFi and Bluetooth built-in for easier wireless network and peripheral connectivity.

– For more details about the announcement of the new Raspberry Pi 3 Model B…

How The Energy Blockchain Will Create A Distributed Grid

The blockchain could serve as the foundation of a system for connecting energy grids, delivering more efficient and environmentally sustainable energy, according to Greentechmedia.com, a news site for the global clean energy market. One company, L03 Energy, is building an “open source cryptographically secure” blockchain to manage transactions across a microgrid. Lawrence Orsini, the founder […]

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Bitcoin Price Fundamentals

Bitcoin price is pushing toward its three-month resistance ceiling. Technical and sentiment analysis argue for a return to decline, and fundamental analysis shows that Bitcoin’s value is more fragile than many realize. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a […]

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Building a Multi Terabyte Storage Solution for Mining and Sharing

With different projects like Storj, Sia or Burst the use of hard drives and storage space tied to crypto currency mining or sharing files with crypto token rewards may become more attractive to users. With hard drive sizes growing and solutions available for building multi terabyte storage systems available building a multi-terabyte storage solution for use with the projects mentioned above might be viable. We’ve already covered a more affordable home user option for Building an 8 TB Storage Solution for Storj’s DriveShare, but there are options for much larger scale solutions that are still not too expensive, though probably still above the budget of the average home users. You need to look at more serious server companies for products that are designed for file servers for examples as we are going to be using a Supermicro solution for hosting 24 HDDs in a single rack-mountable chassis. The solution you are seeing here is not particularly designed for use with Burst, Sia or Storj, but we wanted to give it a try using it for them to get an idea what you may expect.

The 4U chassis used from Supermicro is designed for file servers in a rack-mountable format, supporting 24 3.5-inch hard drives, though the company offers many different products for 2.5 and 3.5-inch drives all the way up to 90 drives per system and apart from complete solutions you also have the option to go for HDD expanders for many drives that are being connected to separate systems. We have used 24 hard drives from Hitachi with a capacity of 6 TB which in theory should result in 144TB of storage space (in non RAID configuration with mirroring or spare drives), but in reality due to how HDD capacity is being calculated we are actually getting just 130 TB of usable space. For the purpose of the already mentioned crypto related projects you’d probably want to go for more space than redundancy, especially if you are building such a solution with that many hard drives.

Storj and Sia are supposed to ensure redundancy and data availability by replicating user stored data or multiple systems and for Burst that uses HDD space for mining you may just regenerate the plots in case you have a problem with any of the hard drives available. With Storj’s DriveShare you may have multiple drives shared, but with SIA or Burst you may have to do a HDD spanning configuration, so that all of the available space will be usable as a single drive. What you should be well aware of is the time it may take to fill up a very large space such as 130 TB with data using any of the projects. It will take literally days to generate HDD plots of that size for Burst mining, or to generate test data for the Storj DriveShare service as it currently does not store user data while still in testing phase. For Sia that already has an operating network and users are actually sharing data the waiting time to actually utilize that free space might take months and you needing to have a low price to attract more users. So at this point in time you probably can go with much smaller storage solutions and a 24-drive monster like this might be a bit overkill, especially considering the amount of money you will need to pay for the hardware and the expected ROI for using it as a mining medium or storage sharing solution that you get paid for. But then again, if you need to build one for different tasks and you have some free space on it you might want to give the three mentioned services a go…

Check Out the YoBit Altcoin Cryptocurrency Exchange

There are quite a lot of large crypto currency exchanges that are focused on the mail crypto currencies such as Bitcoin, Litecoin, Ethereum, DOGE and a few more. When talking about altcoins however there are not that much options available that have a large number of coins available for trading, especially when talking about more recent coin launches. The first two large ones that come in mind are of course Bittrex and Poloniex, but getting an altcoin listed there and keeping it long term may not be that easy. So here comes YoBit, one of the biggest altcoin exchanges at the moment that currently has 467 active trading pairs and and some daily trading volume on at least half of them.

It is not just an crypto currency exchange however, as on YoBit you also have a built-in Dice game that seems to support all currencies in the exchange, free coin giveaways for many coins with the ability to claim free coins as well as to donate coins for the giveaways, there is even a coin info database to help you easily find more information for an altcoin you might not be familiar with. The exchange is also running coin ICOs as well as has free and paid listing options available for including new coins, something that can be useful for new coin developers that want to get their new project up and running on an exchange.

For more information and check out the YoBit altcoin cryptocurrency exchange…

Kryptokit Launches Jaxx Bitcoin And Ethereum Wallet For Android Tablets

Kryptokit, a browser extension that functions as a bitcoin wallet and encrypted messenger, has launched Jaxx, a unified platform that provides wallet services for bitcoin and Ethereum users, according to Nasdaq. Anthony Di Iorio, chief digital officer of the Toronto Stock Exchange, founder of Decentral and co-founder of Ethereum, announced in a Reddit posting the launch […]

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Are Bitcoin Businesses Targets for Online Extortion?

Planning on entering the Bitcoin space? You might want to learn some DDoS mitigation techniques before diving in… DDoS attacks against Bitcoin-related websites have resulted in numerous Bitcoin ransoms in recent weeks. At least four bitcoin exchanges and four Bitcoin news websites have came under rudimentary attacks in November. The exchanges and news websites have […]

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How to Keep Track of the Different Bitcoin Nodes

One of the main things that has pushed the development of alternatives to the Bitcoin Core software is the ongoing debate about the blocksize and more specifically if and how it should evolve over time in order to cope up with the growing number of Bitcoin users and the increase of the number of transactions. So now apart from Bitcoin Core we also have Bitcoin Classic, Bitcoin Unlimited and Bitcoin XT as major alternatives and there are already quite a lot of nodes running a different software than the Core one. The website Node Counter allows you to easily keep track of the number of different nodes in the Bitcoin network and what version of the Bitcoin software they are running as well as how things are changing over time. Looking at the graphs we can clearly see that the support for 2MB or larger blocksize is growing, but still the number of Core nodes that are keeping the 1MB blocksize is a few times larger. Bitcoin Classic is getting significant increase in support and is currently with about 1/4 of the size of the number of Core nodes, followed by Bitcoin XT and Bitcoin Unlimited that have been recently loosing support most likely in favor of the Classic implementation. If you are interested in how thing are developing you can keep track on Node Counter or another of the many new websites with similar goal that have popped up recently.

– Visit the website Node Counter for more details about the available different Bitcoin nodes…

Bitcoin Price Sentiment Not High

Bitcoin price is reattempting a move higher but the progress is slow and both technical and sentiment analysis shows a bearish mood in the chart. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin […]

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European Parliament Proposes a Task Force for Virtual Currencies, Citing Opportunity and Challenges

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) issued a motion for a European Parliament resolution on virtual currencies that covers numerous regulatory proposals. The motion summarizes the risks and opportunities of distributed ledger technology (DLT) and virtual currencies. It notes that both have the potential to benefit consumer welfare and economic development […]

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Prosecutors Want Evidence Against Bridges Kept Sealed As Investigation Continues; Additional Bitcoin Theft Claimed

Federal prosecutors say details about the second arrest of Shaun Bridges, a former U.S. Secret Service agent charged with stealing in the Silk Road investigation, must remain sealed, in part, because they believe there are one or more co-conspirators, according to a filing in the U.S. District Court for the District of Maryland. Authorities charged […]

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DCRstats, a One Page Decred Network Status Overview

The Decred (DCR) crypto currency is still fairly new and although it needs more work to become a more user friendly altcoin things are already happening with the latest useful addition being the website DCRstats. A single page website that presents a lot of useful information to help you keep track of what is happening with the Decred network at the moment – how is the price changing, what s the current difficulty and network hashrate, the average block time, the ticket price for PoS, how is the block reward distributed and how and when it will change and some more useful graphs and charts. You may even get some useful advice such as to not buy tickets for PoS at the moment, because the price is high and how much time you will need to wait for the next PoS difficulty adjustment to get a better price if you are staking Decred coins. So in short a website to keep a track of if you are mining, trading or just interested in how things are moving on with Decred (DCR) or to get a quick and good overview of the current situation. The best of all is that the project is open source, so you can check the code on GitHub and maybe even help in further improvement and development to make it even more useful and practical than it already is.

– To check out the DCRstats website for the current Decred network statistics…

Report: Backup Software Firm Acronis Will Use Blockchain Technology

Backup and recovery solutions technology company Acronis, the developer of popular software for consumers and businesses alike, is looking to integrate blockchain technology into its products, according to a report. Software developer Acronis, a company founded in Russia and now operating globally while headquartered in Singapore is looking to introduce blockchain technology into its products, […]

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Bitcoin Consensus, Core vs Classic Debate & Bitcoin Price: An Interview with BTCC COO Samson Mow

If you’re looking for some insights from the recent Bitcoin Roundtable consensus, you’re in the right place. The Bitcoin Roundtable meeting was seen as an essential step for the bitcoin community. Samson Mow, chief operating officer of BTCC — a China-based bitcoin exchange and mining pool — is a key participant of the scaling bitcoin debate, […]

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Bitcoin Price Perspective

Bitcoin price continues scratching out a non-committal path around $420 and 2800 CNY. Another attempt at advance is not out of the question, but the prospect of a labored decline looms. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 […]

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Spondoolies-Tech Receives Key Approval for Merger with BTCS

Bitcoin Press Release: Arlington, VA – (Marketwired – February 24, 2016) – BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company which secures the blockchain through its transaction verification services business, and Spondoolies-Tech Ltd. (“Spondoolies”), an Israeli transaction verification server manufacturer, received merger approval from the Israeli Office of Chief Scientist (“OCS”). […]

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Omnidex 1.0 Takes Bitcoin Blockchain Principles as a Decentralized Crypto Exchange

The Omni Foundation, developers behind the Omni Layer, the largest asset layer built on top of and secured by the Bitcoin blockchain have released OmniDex 1.0. The developers proclaim it as the “first true decentralized” cryptocurrency exchange. OmniDex also allows for the trustless exchange of assets between five of the top 25 crypto assets, with […]

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ChangeTip To Offer ChangeTip Wallet, Decentralized Platform To Send And Received Bitcoin

ChangeTip, a social media tipping service, has launched ChangeTip Wallet. a blockchain-powered, decentralized platform that provides a way to send and receive bitcoin online. ChangeTip Wallet combines the ease and convenience of ChangeTip with the ownership of private keys. ChangeTip, the flagship product of Silicon Valley, Calif.-based ChangeCoin, allows users to express appreciation and pay […]

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Ledger Presents Use Of Segregated Witness For Hardware Wallets

Ledger, a provider of hardware solutions which offers the Ledger Nano hardware wallet, recently posted a blog on Medium addressing the use of Segregated Witness for hardware wallets. Pieter Wuille, a bitcoin core developer, presented his Segregated Witness proposal at the Scaling Bitcoin in Hong Kong. Hardware wallets protect bitcoin keys to make sure bitcoin […]

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Hong Kong Lays Financial Groundwork For Robust Fintech Ecosystem

HK$17B has been pledged by the financial secretary of Hong Kong to begin building the key infrastructure necessary to support a thriving Fintech and tech center in the city. In particular, John Tsang Chun-wah in a statement focused on fintech as an area or exploration and interest for Hong Kong. The interest in fintech completely […]

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21 Inc’s Bitcoin Computer Available In Europe

21 Inc just announced that the 21 Bitcoin Computer is shipping to 32 countries across Europe. After last year’s $116M round,  21 Inc was flying high. But with big money comes big expectations. They did not disappoint with the release of the 21 Bitcoin Computer late last year. In regards to the release Balaji Srinivasan, CEO of […]

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How to Squeeze Some Extra Performance Mining Ethereum on Nvidia

Is 2016 the Year Russia Legalizes Bitcoin?

The Deputy Chairman of the Russian State Duma Committee — the lower house of the Russian legislature — spoke about cryptocurrencies today. The deputy had a few interesting things to say about Russia’s hardline stance on cryptocurrencies in the past and possible future of the legality of Bitcoin in Russia, particularly for settlement with individuals […]

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iBeLink DM384 Specification and Users Manual Now Available

DualMiner has published a short PDF document named iBeLink DM384 Specification and Users Manual that gives a bit more details on what to expect from the X11 ASIC miner. Apparently this is the electronic version of the manual that will be shipped with the device, the document is labeled as revision 1.1 dated from February 18th with the 1.0 revision dated from January 22 2016. The document includes some screenshots from the miner’s web interface that is apparently running on the Raspberry Pi that controls the 4 miner blades that the device has. The document reveals some interesting things such as the ability to easily overclock the miner by changing the chip PLL settings. It might however be limited in terms of maximum overclock capabilities over the stock settings judging from the screenshots in the manual. There are however not that many new details about the device revealed in the document, still you might want to check it out if you are interested in the iBeLink DM384 X11 ASIC miners. As already mentioned earlier today we have pre-ordered a unit, so we’ll be doing a detailed review once it arrives, so stay tuned for more details when we get our hands on the hardware hopefully soon.

Bitt Launches the Blockchain Barbadian Digital Dollar

Barbados-based fintech firm Bitt Inc. has launched the Barbadian Digital Dollar, the Caribbean’s first blockchain-based digital money this week as a means to bring solutions to the unbanked in the region. In a marked effort to provide financial and banking solutions to its home country, Barbadian fintech company Bitt launched the Barbadian Digital Dollar earlier […]

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Bitcoin Price Shows Market Caution

Bitcoin price has lost direction. Ordinarily, this kind of price action can be described as merely corrective, but the chart shows several months of lower lows and, now again, a lower high. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a […]

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Hashflare To Start Offering Ethereum Cloud Mining

The cloud mining service provider Hashflare has officially announced their plans to start offering Ethereum cloud mining hashrate with pre-orders already active and mining expected to start on March 21st. The contracts are with 1 year term with everything included in the price of the hashrate, so no extra expenses for the user. The price is set at $4.25 USD per 100 KHS (0.1 MHS) or with other words $42.25 USD per Megahash worth of Ethereum mining hashrate. There is currently a promotional offer for pre-orders that will allow you to purchase hashrate at a discounted price of $3.74 USD per 100 KHS or $37.4 USD per MHS (12% discount for the pre-orders) if you use the following promotional code when checking out HF16ETHER12.

The service is already offering Bitcoin and Litecoin cloud mining hashrate contracts, though both are being paid to users in BTC. Their new Ethereum cloud mining offer is apparently based on what Genesis Mining is already offering, though Hashflare apparently wants to attract customers with a lower price. The problem is that they have announced their plans about 1 month prior to actually starting to mine Ethereum and for that 1 month a lot can change – much higher mining difficulty or significant drop in price etc. that makes this investment riskier. There is also no information what will happen with the purchased hashrate in case Ethereum switches to PoS before the end of the 1 year term of the contract. So be careful when weighting in the pros and cons of this offer.

– To check out the new HashFlare Ethereum (ETH) cloud mining hashrate available for pre-order…

Bitcoin Exchange Gemini Announces New Fees And Rebate Schedule

Gemini has adjusted its flat fee schedule to a dynamic, real-time, “maker-taker” schedule after collecting enough data to know how to encourage a stable, efficient and active marketplace, according to a blog on the Gemini website by Cameron Winklevoss, president and co-founder. To launch the program, every customer will get the most favorable fee and […]

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‘Moralists’, the Latest Extortionists to Begin Using Bitcoin

Visitors and patrons of Switzerland’s largest strip club have received blackmail letters from self-anointed ‘moralists’, demanding $2,000 in bitcoin (approx 4.72 BTC)  or face ‘exposure’ with pictures of them visiting the strip club sent to their families. Bitcoin ransoms aren’t going away anytime soon. Patrons of a Swiss strip club near Zurich have been sent […]

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US CFTC Advisor Chou Calls Blockchain Without Bitcoin Efforts Misguided

Paul Chou, CEO of LedgerX and the bitcoin advisor to the U.S. Commodities and Future Trading Commission (CFTC), says companies trying to use the blockchain without bitcoin are seriously misguided, and so far the concept is unproven, according to New York Business Journal. Chou says bitcoin and blockchain are inextricably linked and must remain as […]

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Another X11 ASIC Miner with 500 MHS at 280 Watt May Be Coming Soon

After the recent news about the first X11 mining ASIC iBeLink DM384M ASIC DASH miner it seems that others people working on X11 ASIC hardware are going public with information about their work. The announcement was made in the DashTalk forum and does not contain a lot of information, including more detailed photos and videos, so you should be careful and not treat that information as 100% true and accurate. According to the specs mentioned the miner using a custom developed X11 ASIC chip called Shooter will be capable of achieving 500 MHS hashrate for X11 mining for Dash or other crypto currencies using the same algorithm with just about 280 Watts of power usage.

The price of a single miner is set at 500 Dash or equivalent amount in BTC per device with shipping cost not included (roughly $2000 USD at the current price without shipping). Each buyer can only purchase one device at most. 50 devices should be available next month according to the official information. Estimated to be shipped by Mid-March via UPS, SF-Express from Mainland China. Below is a quote of the officially published specifictions.

Miner Specifications:
– Hash Rate: 500 MH/s ±10%
– Power Consumption: 280 W ±10%
– Number of Shooter chips per unit: 60
– Operating Temperature: 0 °C to 40 °C
– Power Supply: ATX 12V required
– Dimensions: 290mm(L)*130mm(W)*150mm(H)
– Weight: 4.5kg

Shooter X11 ASIC chip:
– Single Unit Performance
– Package Type: QFN64 8mm*8mm
– Interface: SPI
– Hash Rate: 8.5Mhash/s @400Mhz
– Power Consumption: 4.3W @400Mhz

We have already pre-ordered iBeLink DM384M and are waiting for a unit to be shipped, so we can confirm its existence for sure and do a detailed review of the device. Meanwhile we would advice people that are interested in purchasing the miner not to be in a hurry, especially with the additional news of another (unconfirmed) X11 ASIC promising better specifications that may also be coming soon.

– Visit the official website of the developers for more details about their X11 ASIC miner…

Blockchain Project Bitnation Marches Pangea Beta Forward

One of the earliest blockchain projects, Bitnation, wants to aggregate all of the values of government into a distributed software platform, from identity and contracts to resolution services. Bitnation seeks to promote the idea that government can be a service, “geographically unbound, decentralized and voluntary.” Bitnation founder Susanne Tarkowski Tempelhof aims high when it comes […]

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Crix.io Launches Private Beta

Bitcoin Press Releases: Cryptocurrency trading platform looks to iron out kinks before public release. Crix.io, a bitcoin trading platform specializing in futures trading by providing the instrument to fix the US dollar (USD) value of bitcoin (BTC) income, regardless of BTC/USD rate changes, is launching a private beta of its platform this month. To join, […]

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5 Bitcoin ATM Companies Switch To Running Bitcoin Classic

In the continuing struggle between advocates for Bitcoin core and the hard fork of Bitcoin Classic, some Bitcoin ATM’s have drawn a line in the sand on where they hope the future of the cryptocurrency to go in favor of Bitcoin Classic. In a recent Reddit thread posted on behalf of the Bitcoin ATM company […]

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The Latest Ethminer 0.9.41-genoil-1.0.4b3 for Windows

Ethminer 0.9.41-genoil-1.0.4b3 (source) is the latest release of Genoil’s CUDA miner forked from the official ethminer that is designed to work on Nvidia CUDA GPUs, but will also work on AMD OpenCL GPUs as well. The latest version adds some useful features for both AMD and Nvidia miners, though there is not much of a difference in terms of performance compared to older releases, so do not expect to see faster hashrate. In fact the hashrate on AMD GPUs has been decreasing over time due to the increasing size od the DAG files used by the miner for mining Ethereum’s Ether (ETH) coins.

The latest release contains more advanced benchmark options that allow you to check how performance changed or will change in time, there is an option to set a custom DAG storage folder and even support for stratum mining without a proxy, although currently limited to support only for Coinotron with more pools to come. We ran a quick test to check how the hashrate changed over time between block 1 and block 1 million of Ethereum on an AMD Radeon R9 280X GPU and on Nvidia Geforce GTX 970 GPU. As you can see from the results below the performance has dropped quite a bit on AMD, but has not changed on Nvidia, do note however that Nvidia-based video cards are slower in terms of mining performance for Ethereum… at least for the moment.

GeForce GTX 970:
Block 1 – 17.31 MHS
Block 1M – 17.31 MHS

Radeon R9 280X:
Block 1 – 25.95 MHS
Block 1M – 21.49 MHS

– To download and try the latest Ethminer 0.9.41-genoil-1.0.4b3 for Windows OS…

Safe Cash Payments Claims 25,000 Transactions a Second With Blockchain Tech

Safe Cash, a blockchain-based cash payment service, claims it can handle 25,000 transactions per second – more than 3,000 times as many as the bitcoin network – bringing cash into the electronic ecosystem. Safe Cash is an end-to-end secure payment platform giving banks, businesses and consumers instant and final cash-based transactions. Banks provide tokens redeemable […]

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Letter to BTCS Shareholders from the CEO

Dear Shareholders, Over the past few months, several major investment banks have published research foretelling the significant potential for blockchain technologies to revolutionize industries on a massive scale. Recognizing this potential, much of our work in 2015 focused on building a strong operational foundation to capitalize on the rapidly-evolving blockchain opportunity. Despite many successes in […]

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Bitcoin Price In Speculative Correction

Bitcoin price has fallen out of an awkward advance channel that failed to make a new high. Hopefully, this is the start of a consolidation prior to a mid-year rally, and not indicative of security fears in the face of the blockchain hijacking being planned by the Big Blocks cargo cult of Silicon Valley. This […]

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Australian Reserve Bank Sees a Digital Dollar Future

The future could be one wherein the Australian dollar could cease to exist through physical notes and coins to become digital instead. In a recent speech given by Tony Richards, head of the Reserve Bank of Australia (RBA)’s payments policy department, he revealed that the RBA had kept a watchful eye on the growth in […]

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Bitcoin Community On Brink Of Insanity

In a recent essay, Bittorrent founder Bram Cohen lays out his interpretation of recent Bitcoin projects such as Bitcoin Classic. He labels the project purely marketing and hints what they are creating is a form of an alternative digital currency, also known as an alt-coin.   This, a controversial opinion in Bitcoin circles, has major […]

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Factom Will Integrate Blockchain Technology with Notarization Services in China

Factom has announced an initiative with Ancun Zhengxin in China to bring together blockchain or distributed ledger technology with electronic data notarization services in the country. A new partnership sees Factom, a blockchain-based solutions and infrastructure provider come together with Ancun Zhengxin, a Chinese data notarization provider to further blockchain technology for real world applications […]

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Global Economic Outlook: Ban Cash, Hoard Cash

While think-tanks and central banks increase calls to minimize the amount of physical cash in circulation, many citizens are doing the opposite and stuffing cash under the mattress. We consider this trend and the developing downtrend in the benchmark S&P500 Index. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 and get […]

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Japan Considers Deeming Bitcoin as a Currency

Japanese regulators have proposed considering and treating virtual currencies like bitcoin as methods of payment and settlement similar to conventional fiat currencies. A report by Nikkei revealed that Japan’s Financial Services Agency (FSA) is considering legislative revisions that would recognize bitcoins and other digital currencies as equivalents to conventional currencies. The publication cites that the […]

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Blockstream’s Austin Hill: Blockchain Brings Huge Savings To Financial Regulators

One of the key sectors to adopt blockchain technology will likely be government regulatory agencies, says Austin Hill, Blockstream CEO, in a recent Bloomberg TV interview. Bloomberg TV host Angie Lau interviewed Hill on “First Up.” Blockstream has developed a blockchain “sidechain” technology to bringing cross-chain functionality between the bitcoin blockchain and other public and private […]

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Bitcoin Price Buckles Under Selling Pressure

Bitcoin price sold off after falling below its advance channel trendline. The decline is at various stages of development in different exchange charts. Potential targets await lower in the chart. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount […]

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Australian Startup Rewards Customers Paying Bills with Bitcoin

  An Australian startup that acts as an intermediary to enable Australians to pay their bills with Bitcoin is now rewarding customers with a first-of-its-kind loyalty program. Living Room of Satoshi, aptly named after Bitcoin’s pseudonymous creator Satoshi Nakamoto is an Australian blockchain-based payments company that enables its users to settle their bills with bitcoin. […]

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JPMorgan Already Testing Dollar Remittance via Blockchain Technology Between 2,200 Clients

JPMorgan Chase & Co has been testing a blockchain program over the past few months wherein US dollars are being moved between London and Tokyo using distributed ledger or blockchain technology, the same innovation used to power Bitcoin. A Wall Street Journal report has revealed that JP Morgan Chase, the largest bank in the United […]

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These Are The Most Popular Digital Currencies Three Years Running

In Bitcoin, there is much discussion about alt-coins, as if many of these are actually legitimate. Many alt-coins are pre-mined, causing them to lose much of their legitimacy. If a coin has been pre-mined, it should automatically be crossed off your digital currency investment list. Further, many quite simply don’t have the adoption rate to […]

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Bitcoin Core Version 0.12.0 Officially Released

Here comes the official release of Bitcoin Core v0.12.0, but note that there is still no final solution implemented for the growth of block size over time and the debate continues. Still a lot of work has gone into this release and it may just be the biggest one yet, with more significant improvements than any other before.

Here is a list of the major improvements in version 0.12:
– 7x Faster Signature Validation
– Ability to Limit Upload Traffic
– Crash Prevention via Memory Pool Limits
– Option to Send Transactions That Can Be Fee-Boosted
– Improved Rules for Transaction Relaying
– Automatic Usage of Tor When it’s Running
– Ability for Apps to Subscribe to Notifications With ZeroMQ
– Massively Reduced Disk Usage for Wallets
– Much Faster Block Assembly for Miners

In addition to these, there are 13 other improvements that didn’t make the top list but are nonetheless quite valuable. You can find a complete list of them in the Change log.

– To download the full Bitcoin Core 0.12.0 Officially release for different OSes…

Bitcoin Splitsville: Hard Forks and Heart Breaks in Technology

The old adage “Be careful what you wish for” is apt. With Bitcoin, we have finally arrived. Blockchain technology is now front and center. Big finance, and by way of, big money is now involved. Pandora’s Box is wide open and the new path forward wears a suit and carries a nice leather briefcase. Although this may […]

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Top Blockchain Advertising Network BitTeaser Shares Revenue With BTSR Holders – Latest OBITS, OpenLedger and CCEDK Initiative

Bitcoin Press Release: BTSR is a new digital token anyone can hold to receive a share of the profits of BitTeaser: the world’s first advertising network planning to integrate MIT Licensed blockchain technology. BTSR is created and hosted by OpenLedger, a decentralized financial platform, and holders of OBITS will also benefit from the revenue generated […]

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BitLox Launches Indestructible Hardware Bitcoin Wallet With Unprecedented Security and Privacy Features

BitLox Press Release: BitLox Limited is now manufacturing the most advanced and secure hardware Bitcoin wallets ever developed. Encased in titanium and aerospace grade alloys, and with never-before-seen privacy and security features including hidden Bitcoin wallet support, duress PIN, AEM, quad password protection, and more. Users can also use iOS and Android apps to manage […]

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Updated ccMiner 1.7.3 fork by tpruvot With Improved Decred Support

A quick update with a new Windows binary compiled from the latest ccMiner 1.7.3-git fork from tpruvot (source) with some improvements regarding the Decred (DCR) that uses a bit different Blake256 14-round algorithm. This release supports Decred mining with both the traditional getwork implementation as well as the getwork over stratum support that yiimp and some other pools have already implemented. The release below includes two versions of ccMiner, one is 32-bit binary for Windows that is compiled with CUDA 6.5 and with support for Compute 2.0 or newer Nvidia GPUs, and another that is 64-bit Windows binary compiled with CUDA 7.5 for Compute 3.5 or newer Nvidia GPUs. Do note that if you have a newer Nvidia video card you should use the 64-bit CUDA 7.5 release as it is providing better hashrate than the 32-bit CUDA 6.5 binary. Below is a quick comparison of the performance of the two versions on a Gigabyte GeForce GTX 970 WF3OC GPU running at stock frequencies.

Decred (DCR) performance on GTX 970:
– 32-bit CUDA 6.5: 1189 MHS
– 64-bit CUDA 7.5: 1298 MHS

– To download the latest ccMiner version 1.7.3 by tpruvot with Decred support for Windows OS…

Coinbase CEO Speaks out against Bitcoin Core Hard Fork, Trumpets Bitcoin Classic

CEO and co-founder of bitcoin wallet and exchange service Coinbase, Brian Armstrong, has deemed the recent proposal to scaling Bitcoin as merely “words” and not action while trumpeting Bitcoin Classic as a better solution for bitcoin’s scaling debate. Brian Armstrong, co-founder and CEO of Coinbase has, in a blog post titled “The Bitcoin Roundtable Consensus Proposal – […]

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New sgminer 5.3.0 Nicehash With Optimized NeoScrypt and Blake256 Support

We have not posted new releases of sgminer binaries for Windows for quite some time as there was nothing that much happening on the AMD GPU mining scene as compared to the development for the Nvidia GPU miners with ccMiner. But it is time for an update with the sgminer 5.3.0 the nicehash fork (source code), because the official development of sgminer on GitHub isn’t going anywhere for quite some time. The sgminer 5.3.0 nicehash adds an improved NeoScrypt kernel as well as support for the new Blake256 8 and 14 round algorithms including Vanillacoin (VNL), though there is no support for Decred mining available in this release. The Windows binary available for download is a 32-bit one, so it should offer better compatibility on more mining systems running a Windows operating system.

– To download and try the sgminer 5.3.0 with optimized NeoScrypt and Blake256 for Windows OS…

Inspiration For The Blockchain In A U.S. Election Year: The ‘Trumpchain’

Tired of the establishment blockchain calling the shots? Looking for new blood that will make the blockchain great again? Fear not! Donald Trump will make the blockchain great again. Take it from Trumpchain.   It takes a U.S. election to bring out the easy answers to our serious problems, be it the nation’s economy, the […]

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Red Envelopes With Free Hashrate Promotion from OXBTC

The crypto mining and deposits with interest platform OXBTC has announced a Red Envelopes promotion in celebration to the Chinese New Year. This promotion allows newly registered users to get some free Bitcoin cloud mining hashrate at the platform absolutely free for 1 month. Depending on your luck you, when you open your Red Envolope, you might win between 1 GHS and 1000 GHS and the hashrate you get will be available in your account for 1 month and you get to keep all of the profits it generates without having to invest or buy anything. The duration of the promotion is between February 22nd and March 6th, so don’t miss your chance to get some free hashrate for a month and earn some extra BTC.

This promotion is probably in order to stimulate more people to buy cloud mining hashrate at the platform as apparently there is not much interest from users as expected with the high prices for hashrate. The initial price of $0.499 USD per GHS with $0.0009 USD per GHS per day maintenance fee was not very attractive and while there is now a new price at $0.399 USD per GHS with $0.0007 USD per GHS per day maintenance fee it is still not too attractive with the recent jumps in Bitcoin’s network hashrate and difficulty. The $13 USD per MHS for Litecoin cloud mining hashrate is also pretty high (Maintenance Fee: $0.02 / MHS / Day), even though LTC has shown pretty stable difficulty level and price for quite a while making it more predictable for profit calculation on the long term. With the not so great track record that the company previously had with the ZeusHash it is no wonder that they are not doing great with hashrate sales in this new platform as well, but when they give you free hashrate why not take it anyway.

Unfortunately their deposits with interest service is getting less attractive than it was before with Current Deposits down from 0.02% daily to 0.01% (cut in half) and the 30-Day Fixed Deposits are down from 15% APY to just 7%. Interestingly enough the HalleyBTC Bitcoin savings investment platform operated by the same people still has the same 0.02% daily interest rate and 15% APY for 3-day fixed deposits.

– To check out the OXBTC platform and their Red Envelopes free hashrate promotion…

Bitcoin Price Loses Momentum

Bitcoin price has held above yesterday’s corrective low. Little upside progress shows the market is now taking a break and perhaps reconsidering the trend. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price […]

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Sony Develops Blockchain Tech for the Education System

Sony is looking to leverage blockchain and its secure properties by developing a blockchain-based technology that establishes secure open sharing of academic proficiency and progress records through encrypted transmission. Sony Global Education (Sony GE), a company with the vision to offer new innovative educational services to people around the world has today announced the development […]

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BTCS Management Demonstrates Commitment to Execute on Key Milestones by Voluntarily Escrowing 15% of the Outstanding Shares of BTCS Common Stock

Bitcoin Press Release: Arlington, VA – (Marketwired – February 22, 2016) –BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company which secures the blockchain through its transaction verification services business, management demonstrates their commitment to execute on key milestones by voluntarily escrowing 24 million founder shares of their BTCS common stock […]

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NiceHash Has Added Ethereum and Blake256 Support

The service for renting or selling your hashrate for various mining algorithms with direct payment in Bitcoin, NiceHash, has added support for Ethereum’s Dagger-Hashimoto algorithm as well as for Blake256r8, Blake256r14 and modified Blake256r8vnl (Vanillacoin) algorithms. Do note however that the Blake256 14-rounds used by Decred is not yet supported, so be careful when setting up your miners for the Blake256 algorithms regardless if buying or selling your hashrate on the service. The usage for Ethereum mining is pretty much the same like what you would go for with a normal ETH pool that does not have stratum implemented. For more details on the newly added algorithms you can visit NiceHash…

Is Bitcoin Classic And The Hard Fork Driving The Price of Bitcoin Higher?

Is the early stage of the hard fork potentially driving this price rally of Bitcoin? It’s definitely possible, but it could also be a variety of other factors as well. Over the past week the price per Bitcoin has shot up almost $40.00 USD and there has been some speculation about whether that spike has […]

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BTCS Posts $10 Million+ Loss In 2015 Despite Revenue Gain

BTCS Inc., a provider of ecommerce and bitcoin transaction verification services, suffered a $10 million-plus net loss in 2015 despite a revenue gain, according to a 10-K form filed with the U.S. Securities Exchange Commission for fiscal 2015.   The statement noted net losses of $14,757,016 and $10,047,036 in 2014 and 2015, respectively. Total revenues were […]

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Bitcoin Is Property And Not Cash In ‘Clawback’ Action, Bankruptcy Judge Rules

Bitcoin’s dual role as a commodity and a currency can create financial recovery disputes when a company that pays for services using bitcoin goes bankrupt. A bankruptcy court judge made a ruling on Friday in one such case, stating that the cryptocurrency is not the same as U.S. currency, but making it clear that he […]

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Bitcoin Price Sell-Off But Advance Not Over

Bitcoin price sold off from just below $450 to $430. The market may be wondering whether this is the start of a downtrend, but wave analysis shows that the advance has more upside in store. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now […]

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Bitcoin Core & Miners Agree on Scaling Roadmap: Hard Fork Code Comes July 2016, Activation in 2017

In an announcement today, the largest bitcoin mining pools and that represent over 70% of the cryptocurrency network’s hashing rate have, in a common consensus with major bitcoin exchanges and service providers, agreed with 90 percent of the Bitcoin Core contributors over the proposed roadmap for scaling bitcoin. In an announcement today, members of the […]

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The Decred Altcoin is About To Start Their PoS Phase

The Decred (DCR) altcoin that has been generatijng a lot of attention lately is essentially a PoW + PoS crypto coin, however before the block 4096 it is going to be in Proof or Work mode and after that you would be able not only to mine, but also to Stake the coins you own in order to earn more DCR. The Decred block reward is divided in three parts: 60% for a mining, 30% for staking and 10% for the developers with a starting block reward of 31.19582664 DCR coins. This means that the PoW reward for a block is currently about 18.72 DCR, the total PoS rewards is going to be about 9.36 DCR (it could be divided in multiple parts) and the remaining about 3.12 DCR goes to the developers. Furthermore the per-block reward adjusts every 6144 blocks (approximately 21.33 days) by reducing by a factor of 100/101 or with other words ((31.19582664 * 100) / 101) for the first halving.

Since in a couple of hours we are going to reach the 4096 block and the PoS phase will also become active you could start staking any mined DCR coins that you have available in your wallet. Decred staking is a bit different than what most other coins use as a method for PoS and the fact that there is still no official GUI wallet and you need to use the command line wallet to activate staking makes it even harder for non advanced users. To enable staking you need to add the extra command line parameter “enablestakemining”, though there are some extra options also available that might help you such as the max price you pay for ticket or the minimum balance to maintain in your wallet.

Staking in Decred works in a similar way to a lottery, you purchase tickets with the available DCR coins you have (ticket price starts at 2 DCR), then wait for your ticket to be randomly chosen to validate a block or to be taken out of the lottery in 142 days. The coins you use for staking (purchasing tickets for the lottery) will be locked until they are either chosen and you get a reward or 142 days pass. According to the information the lottery lasts about 28 days average and the chance of a ticket not being selected in 142 days are less than 1%, but we’ll have to wait and see. Do note that in order to be successfully staking you need to have your wallet running and online 24/7 and have the wallet unlocked, otherwise you might miss your chance of winning.

The Decred team is also working on a PoS pool where you can delegate your voting rights and participate in the staking without having to run a local wallet all the time in order to stake and you don’t need to send DCR coins anywhere. There is already a test Decred Stake Pool running on the testnet, but you’ll have to wait for the staking phase to start and a pool for the mainnet to become available.

Bitcoin Casino LimoPlay Launches World’s First Animated 3D Slot Game ‘Johnny the Octopus’ Based on WebGL

Bitcoin Press Release: At the cutting edge of technological development, Bitcoin casino LimoPlay.com has launched the world’s first animated WebGL 3D slot game ‘Johnny the Octopus’, with stunning animations, and available on all platforms and devices. Bitcoin gaming brand LimoPlay features a luxurious limousine inspired interface and cutting-edge casino games. LimoPlay enables easy and fast […]

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ShareBits: Tip Anyone Crypto Tokens via Twitter in Seconds, New Blockchain Tech From BitShares, OpenLedger, CCEDK and Beyond Bitcoinu

Bitcoin Press Release: The ShareBits joint initiative between exchange CCEDK and crypto community BeyondBitcoin.org offers individuals, businesses and NGOs the ability to leverage blockchain technology for viral marketing, by distributing crypto tokens easily created on OpenLedger via social media including Twitter and Reddit. Two thought leaders in the crypto space have announced the launch of […]

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Fascism: Coming To A Blockchain Near You

In 1919, Benito Mussolini coined the term “fascism” to describe his political system and the world forever changed. Simply put, fascism was the blending of business and government. This is the system which could gain popularity in blockchain technology. In 2015, the technology and financial sectors took note of blockchain technology, not as it relates […]

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Bitcoin Price Parabola

Bitcoin price is picking up the pace and has covered almost $20 in some exchange charts. Fibonacci ratio targeting shows there is at least another $20 of upside in the tank. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 […]

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African Banks Jump Into Fintech Startups And Bitcoin To Ride The Prevailing Headwinds

African banks, behind the times with fintech, could actually become pioneers in developing new financial technologies like the blockchain and bitcoin. Because these banks largely left it up to telecom companies to assume the role of financial service providers in parts of Africa, the banks are now investing in digital currency startups, according to Quartz Africa. The question is […]

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CryptoChainer, Downloadable Blockchains for Faster Wallet Synchronization

One of the most annoying things when you run a wallet for a given crypto currency for the first time is the waiting for it to download and synchronzie all of the blockchain. The older the crypto currency and the larger the blockchain is, the more time it takes to get in sync and in the case of Bitcoin a full blockchain download and synchronization can literally take days. But it is not only bitcoin, there are quite a few altcoins as well that are a few years old already and have big blockchains that can take some time as well, and while some coins offer blockchain archives you can download before running the wallet to speedup the synchronization they are actually not that many.

CryptoChainer is a website that offers quick and easy access to downloads for many altcoin blockchains. Using these blockchain archives, your wallet will be synchronized quicker than it would normally take, tough it may still be a process taking quite some time. All you have to do is download the desired blockchain archive and extract it in the folder that the specific altcoin uses for blockchain storage data files. If you already have a working wallet or are restoring one from a backup, then you might have to do a resynchronization in order for your balance to appear correctly in the wallet GUI.

CryptoChainer currently has blockchain archives available for the following altcoins: 1337 Coin, 42 Coin, 8bit, AlienCoin, AnonCoin, ArchCoin, AudioCoin, Axiom, BBQ Coin, BetaCoin, BitBat, BitBay, Bitbean, BitcoinDark, BitcoinScrypt, BlackCoin, BlueCoin, Boolberry, Boolberry, Bottlecaps, BTCTalkCoin, CannabisCoin, CannaCoin, Cash, CasinoCoin, Chip, CLAM, CoinMagi XMG, ColossusCoin V2, ContinuumCoin, Crave, CrownCoin, CryptCoin, CryptoBullion, Cryptonite, Dash, Denarius, Diamond, Digibyte, DigiCube, DigitalCoin, DigitByte, DNotes, DogeCoin, DogeCoinDark, EarthCoin, Einsteinium, Emerald, EuropeCoin, EvergreenCoin, ExclusiveCoin, FeatherCoin, FedoraCoin TIPS, Fibre, Fibre, FireFlyCoin, FlutterCoin, FlyCoin, Franko, Franko, GameCredits, GeoCoin, GoldCoin, GoldPieces, Gulden, HamRadioCoin, HempCoin, HoboNickels, HTML5, Hyper, Hyper, HyperStake, IncaKoin, Influx, IsraCoin, JouleCoin, KittehCoin, LeafCoin, LGBTQoin, LiteCred, LycanCoin, MasterTraderCoin, Maza, MegaCoin, MinCoin, MintCoin, MMXVI, MonaCoin, MoonCoin, MurrayCoin, MyriadCoin, NavajoCoin, NetCoin, NeuCoin, Neutron, Neutron, NobleCoin, NovaCoin, NyanCoin, OK Cash, OKCash, Parallel, PayCON, Pennies, Philosopher Stone, Positron, PotCoin, Primecoin, Quark, Quatloo, Quotient, RateCoin, ReddCoin, RonPaulCoin, RubyCoin V2, SecretCoin, Sembro Token, SexCoin, Shadow, Sling, SmartCoin, Sprouts, Sprouts Extreme, StableCoin, StartCoin V2, Steps, SterlingCoin, Stress, Stronghands, SuperTurboStake, Sync, Synergy, Synergy, TagCoin, TekCoin, Terracoin, TruckCoin, TurboStake, UFOCoin, UltraCoin, UnbreakableCoin, Verge, VeriCoin, VertCoin, ViaCoin, Voxels, Warp, Warp, WhiteCoin v2, WildBeastCoin, WorldCoin, X-Coin, Xaurum, XCash, YellowCoin and ZiftrCoin.

– For more information about CryptoChainer and to download any of the blockchain archive…

The Legal Marijuana Industry Needs Bitcoin Badly

Legal marijuana has been having banner year after banner year since various states have legalized the sale and consumption of the plant and its derivatives starting back in 2012 within Colorado and Washington. It should be noted that the process of marijuana’s status as a demonized drug has been slipping for much longer than the […]

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Satoshi Search #57: Could Margaret Runchey Be Satoshi Nakamoto?

In a recent blog post, a new individual has been brought into the limelight as a possible identity behind the alias behind Bitcoin’s Satoshi Nakamoto. A web developer by the name of Aaron Alan Alexander posted on his Medium blog and Zapchain about his potential findings that a woman named Margaret Runchey is possibly the […]

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Blockchain Smart Plug Could Lower Power Bills

Multinational services and consultancy firm Accenture has developed a smartplug that leverages blockchain technology to seek the lowest tariffs available, thereby saving money by lowering electricity costs wherever possible. In a news story under its ‘Technology column’ today, the BBC published an article announcing Accenture’s development of a smart plug that could save money on […]

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Bitcoin Price: Compulsive Buyers Cool Down

Bitcoin price dropped below $420 yesterday and continues sideways in most exchange charts while compulsive buying at the Chinese exchanges attempts a revival of the strained, low-volume advance. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the […]

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Bitcoin Comic Book Has A Story Beyond Its Pages

Visitors to the Bitcoin Center Buenos Aires, home of Bitcoin Argentina and several bitcoin startups, are reminded of the dramatic saga of bitcoin’s elusive founder Satoshi Nakamoto when they get a glimpse of a comic book on display titled: “BITCOIN The Hunt For Satoshi Nakamoto.” But in addition to drawing attention to one of bitcoin’s greatest […]

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Insolvency Claims over VOX Holdings Draws Quick Response from Uphold

A recent Reddit posting claiming that Uphold, a platform that provides various financial services and encourages fintech innovation, was heading to insolvency because of its VOX holdings drew a quick response from Uphold that caused the critic to recant. The Reddit post a few days ago expressed concern over the fact that $107,936,914 of Uphold’s […]

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A Dogecoin Pump-And-Dump To Start 2016

Bitcoin has always been the gold standard of crypto-currencies. As the first decentralized digital currency, Bitcoin attracted attention the world over, and became known for its use on darknet websites and in gambling. In 2013, when Bitcoin was experiencing its first wave of mainstream attention, another cryptocurrency. Dogecoin, rode on Satoshi Nakamoto’s invention’s coattails. Dogecoin […]

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Bitcoin Mining Firm Butterfly Labs Settles with FTC Over Customer Deception Charges

The US Federal Trade Commission (FTC) has announced that bitcoin mining hardware company Butterfly Labs and two of its operators have agreed to settle charges that pointed to the company deceiving customers. The FTC revealed today that bitcoin mining hardware manufacturer Butterfly Labs and two of its operators: part-owner and vice president of product development, […]

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The First X11 Mining ASIC iBeLink DM384M ASIC DASH Miner

Interesting announcement for what seems to be the the world the first X11 ASIC miner as well as the 1st DASH ASIC miner called iBelink DM384M. Developed by Tiannengbo Group, a consortium of high tech companies based in China. The iBeLink DM384M Dash miner contains 4 hashing blades and a Raspberry Pi B+. Each hashing blade contains 48 TNB0301 ASIC chips, and can be managed (or controlled) for mining separately. The total hashrate of one unit is supposed to be 384 MHS with a total power consumption of 715 W. We could not find any additional information other than what is posted by DualMiner who will apparently be selling the first units of the device, so we are not yet able to confirm for sure if this is real X11 ASIC miner. We are going to be keeping a close eye on this as it really seems a very promising alternative to GPU mining of X11 and could easily bring the end of X11 mining with video cards if true.

iBeLink DM384M Miner Specifications:
– Hash Rate: 384 MH/s ±10%
– Power Consumption: 715 W (at the wall, with 25C ambient temp)
– Power Efficiency: 1.8 J/MH (at the wall, with 25°C ambient temp)
– Number of TNB0301 chips per unit: 192
– Operating Temperature: 0 °C to 40 °C
– Network Connection: Ethernet
– Power Supply: 110V to 240V, 50Hz/60Hz
– Certifications: FC, CE
– Dimensions: 490mm(L)*350mm(W)*180mm(H)
– Weight: 21kg

Miner Features:
– High integration for Plug and play (just need to connect power and Ethernet)
– Contains 4 hashing blades, LED for each blade’s status
– Faulty conditions self-detection and auto restart
– Email warning for abnormal hashing conditions
– Faulty chip detection
– Possible DIY repairing faulty hashing boards (modulated hashing board, 8 boards/blade)
– DIY reducing fan speed(or noise) by selecting low voltage power (reduced hash rate)

TNB0301 Chip ASIC Specification:
– Package Type: QFN64 8mm*8mm
– I/O Interface: Serial with clock & data
– Hash Rate: 2 Mhash/s
– Power Consumption: 1.8 J/Mhash

The first batch of 50 iBeLink DM384M units will be sold through dualminer.com online store exclusively. iBeLink DM384M price is $2,098 USD, which includes shipping and handling. Orders will be shipped to your address directly from China through UPS Worldwide Saver service. In general, it should take one to two weeks for your order to reach you. If your shipping costs are more than $300.00, additional shipping fees may be charged. Payment is accepted in the form of Bitcoin (Bitpay will convert your BTC to USD immediately) for any quantity order, or bank wire transfer for 3 units or more. Shipping is set for the 1st week of March.

European Central Bank is Open to Blockchain Technology

The European Central Bank (ECB) has revealed that it is taking a close look at exploring the potential of blockchain technology for a multitude of services that it helps collaborate with other central banks in Europe. The European Union’s central bank has, in a report, revealed that it is looking toward new innovations such as […]

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Ransomware Extortionists Land $17,000 in Bitcoin

A cyberattack targeting a Hollywood hospital laced with ransomware malware has been making rounds in mainstream news circles recently. In a separate incident, the Horry County school system in North Carolina was also struck by a ransomware cyberattack. The cyberattack on Hollywood Presbyterian Medical Center lasted nearly a fortnight after beginning on 5 Feb, with […]

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Bitcoin Price Analysis: Groundhog Day

Bitcoin price pushed above $420 today and continues higher in a narrow channel of advance. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 13h00 UTC Bitstamp 1-Hour Chart […]

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Dutch Burger King Accepts Bitcoin

In an effort to promote itself as the world’s most Bitcoin-friendly city, Arnhem in Netherlands has added Burger King to the list of businesses both big and small that accept Bitcoin payments within city limits. Currently listing over 100 businesses that accept Bitcoin, Arnhem is hosting its next meetup at the Bitcoin-friendly Burger King on September 19th […]

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On Scaling Decentralized Blockchains

This article summarizes a technical paper on scaling blockchains. I do not disaggregate the entire work, but I definitely get under the hood. So if you do not have the time, spoiler alert! “Here is the takeaway. Blockchains must be massively more scalable than the current tech that supports Bitcoin. We start scaling slowly or […]

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Dubai Museum of the Future Foundation Launches Global Blockchain Council

The Dubai Museum of the Future Foundation has established the Global Blockchain Council to explore transactions through the blockchain platform. The Council will examine the blockchain’s impact on future business and finance, and its role in facilitating transactions within both the financial and non-financial sectors as ways to improve efficiency and reliability levels, according to […]

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Kraken & Tokyo Trustee Announce ‘Significant Progress’ in MtGox Claims Investigation

Bitcoin exchange Kraken and the Tokyo District Court-assigned Trustee assigned to the MtGox creditors’ claims investigation have revealed that there is “significant progress” being made, in an update today. In an email communicated to CCN today, an update from Kraken and Tokyo District Court-assigned Trustee Nobuaki Kobayashi confirms that “significant progress” has been made into […]

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Decred (DCR) Mining on Nvidia with Getwork Over Stratum

Tpruvot, one of the ccMiner developers has released a test version of his fork with Decred (DCR) support with getwork over the stratum protocol (source) along with the needed support for yiimp (source), his fork of the yaamp multipool software. We have compiled a Windows binary from the test version with Decred support and getwork over the stratum and have tested it on yiimp.ccminer.org to see how well it is performing. The result was just as you would expect from any good mining pool with stratum support – no stale shares and properly working difficulty adjustment. This version also comes with the regular getwork support, so it will work with the regular Decred mining pools as well. You are welcomed to try mining Decred on the Yiimp pool with the test version of ccMiner 1.7.3 form tpruvot, the Windows binary linked is a 32-bit one, compiled with VS2013 and CUDA 6.5 and it should be compatible with older Compute Nvidia GPUs.

– To download the latest ccMiner version 1.7.3 by tpruvot with Decred support for Windows OS…

Should All Ecommerce Sites Accept Bitcoins?

Despite major investments by financial giants, and the latest hype around blockchains, for many the world of bitcoins are still notorious with the darker sides of the internet. Namely drug dealing and terrorism, or are simply thought to be the stuff of sci-fi fantasies. Recently, the financial industry has collectively increased their interest for blockchain […]

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New Australian Political Party Claims Bitcoin Will Bring ‘Democracy 2.0’

A new political party in Australia wants to replace the existing political system with a system that allows people to vote using bitcoin, according to Reuters. The Flux Party believes that voters can use bitcoin to grant votes on legislative proposals. It believes bitcoin will enable representative democracy in the information age. The party’s goal […]

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Digital Asset Announces Blockchain Partnerships with Accenture, Broadridge & PwC

  Blockchain technology developer Digital Asset Holdings has revealed new ‘strategic business relationships’ with consulting and technology services firm Accenture, financial services firm Broadridge and one of the ‘Big Four’ in auditing and services network PricewaterhouseCoopers (PwC). In a press release today, New York-based blockchain technology startup Digital Asset has announced the formation of three […]

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D10E Hosts Conference on Decentralization Technologies in Amsterdam

On February 17th and the 18th at the Bers Van Burlage, Amsterdam, Netherlands, decentralized technology enthusiasts from all over the world will gather together to explore the developing industries and technology around decentralization at the D10E conference. Formerly known as Coin Congress, “D10E” stands for “decentralization” as a numeronym and the primary topics of the […]

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Bitcoin Price – Another Day, Another High

Bitcoin price pushed higher from $400 today and is currently attempting $420 in gravity defying advance. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h00 UTC OKCoin BTC/USD […]

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Mizuho and Cognizant to Develop Blockchain Solutions for Record Keeping

Japanese Bank Mizuho Financial Group has released a press release announcing their partnership with Cognizant, a leading provider of information technology, consulting and business process outsourcing services to build a blockchain solution for secure record keeping of documents among Mizuho’s various companies around the world.   Mizuho has become another financial institution seeking to develop […]

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What’s Next For CoinDesk?

CoinDesk first published Bitcoin-related content in May 2013. The website, launched by Spotify angel investor Shakil Khan, came to fruition in just four weeks. “I was just sitting there and I literally had five e-mails that day from very seasoned entrepreneurs asking me, ‘What do you know about Bitcoin?’” said Khan. “There’s a lack of […]

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SEC Seeks $10 Million In Judgment Against Garza And Companies For Fraudulent Investment Scheme

The Securities and Exchange Commission (SEC) has sought judgments against Homero Joshua Garza, GAW Miners and ZenMiner, LLC, claiming they engaged in selling fraudulent investments in virtual currency mining operations. The motion filed in the U.S. District Court District of Connecticut claims the defendants did not have the computing power needed to generate the profits […]

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IBM Goes Big on Blockchain

With a range of announcements, IBM has pushed for the quick adoption of blockchain technology among enterprise and multiple industries with several newly revealed initiatives and commitments. In a press release today, International Business Machines (IBM) has thrown its weight in fully backing and pushing distributed ledger or blockchain technology for real world applications. Chief […]

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Paper Compares Blockchain to Uber and Airbnb as a Job Killer in Finance

In a paper titled “Field Confrontation, Between Capital and Labor – Emancipation and Alienation,” the future of blockchain is pontificated on and the main aspects of what it seems to offer. They talk about blockchain technology as a complete re-structuring or destruction event of the job market as we know it – especially in the world […]

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Asia’s Largest Stock Exchange Operator Partners IBM for Blockchain Applications

Japan Exchange Group, operator of the Tokyo Stock Exchange will begin experimenting with blockchain technology for post-trade solutions such as clearing and settlement of trades. The operator will team up with IBM Japan for the project. The operator of Asia’s largest stock exchange is joining IBM Japan to run blockchain tests for clearing, settlement, and […]

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Blockchain Based Dapps Expanse™ Project [EXP] Soars to New Heights in Community Growth, Utility and Volume

Bitcoin Press Release: Expanse volume hit a record high of more than $2.7 Million trading on Poloniex on 2/11/16. The Expanse blockchain enables a stable, borderless technology future featuring a flexible DAO, powerful dApp tools and community collaboration. The 2016 Expanse roadmap is now available, highlighting community focus and detailing new utility. February 15, 2016, […]

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