Archive for April, 2013

CNET: Bitcoin is the future of money

CNET posted an opinion piece on Bitcoin today that delivers a positive outlook on the future of cryptocurrency. While there are a couple minor misconceptions in the article, it’s always nice to see good press on digital currency in mainstream news. A snippet: Crypto-currency is a certifiable Pretty Big Deal. The Facebook antagonists otherwise known as […]

Nearly half of Bitcoin exchanges fail

A recent Wired UK study concluded that a whopping 45% of Bitcoin exchanges have failed, usually resulting in the loss of users’ deposits. Exchanges that manage to stick around are typically under constant attack from hackers looking to commit virtual heists. From the article: Exchanges handling 275 Bitcoins’ worth of transactions each day have a […]

MSI 7950 GPU back in stock at Amazon!

Just a quick note that the MSI 7950 GPU is back in stock at Amazon after more than a week of unavailability, although it looks like they only have 19 of them. This is my top choice for mining, and the one that is featured in my guides. I know some of you have been […]

Build your own Litecoin Mining Rig, part 5: Mining FAQ

In this fifth and final installment of our litecoin mining rig guide, I’ll answer some common questions about building your own rig, profit expectations, and mining in general. If you’ve read the rest of the guide and still have some lingering questions, you might find the answers you’re looking for here. Hit the “read more” […]

Mt. Gox adding support for Litecoin “soon”

Mt. Gox, the world’s largest bitcoin exchange, released a statement today regarding their handling of the recent DDoS attack that caused their site to be unavailable for several hours. Buried in the “Recent Frequently Asked Questions” portion of the release is this interesting tidbit: “When will you be adding Litecoin (LTC) to Mt. Gox?” : […]

PayPal president “kinda thinking about” supporting Bitcoin

David Marcus, president of PayPal, says that he is considering the possibility of supporting Bitcoin as a PayPal funding instrument in the future: (skip to 2:50 in the video for the Bitcoin comments) A transcript of Marcus’s response: So I’ve been spending a lot of time looking at [Bitcoin], and it’s truly fascinating actually: the […]

WordPress bitcoin ticker plugin, anyone?

A few days ago, I decided that a blog about cryptocurrencies needed a bitcoin ticker. So I went looking for a WordPress bitcoin ticker plugin widget. To my great surprise, entering “bitcoin ticker” into the WordPress plugin repository search box returned zero results. Almost 25,000 plugins and nobody has released a simple bitcoin ticker yet? […]

Build your own Litecoin Mining Rig, part 4: Optimization

This fourth installment of our litecoin mining guide will focus on getting the most out of your hardware—finding the sweet spot between maximum performance and acceptable power usage (and noise/heat generation!). The tweaks that I outline in this article are applicable whether you’re using Linux or Windows. If you’re using the hardware that was recommended […]

Build your own Litecoin Mining Rig, part 3: Windows Setup

By now you’ve probably seen our Linux Litecoin mining setup guide (and hopefully the hardware guide that preceded it). Perhaps you’ve decided that Linux just doesn’t seem like your cup of tea. If Windows is more your thing, you’re in luck—this guide is for you. Let me just reiterate that for most people, Linux is […]

Build your own Litecoin Mining Rig, part 2: Linux Setup

In the second installment of our DIY litecoin mining guide, we’ll look at how to install and configure Linux to properly mine with your GPUs at optimal settings. Don’t be dissuaded if you’ve never used Linux before—our step-by-step guide makes it easy. Linux has a few advantages over Windows, including the ability to install to […]