Archive for 2013

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 […]

Build your own Litecoin Mining Rig, part 1: Hardware

So you’re interested in mining cryptocurrency, but you’re not sure where to start? No problem, this guide is all you need to set up your own headless litecoin mining rig—even if you have absolutely no experience with this sort of thing. First, let’s get the obvious question out of the way: why litecoins? After all, […]

Bitcoin on the Colbert Report

A hilarious piece on bitcoin appeared on the Colbert Report yesterday: (video removed) (Click here to go directly to the video if you can’t see it here.)

Steve Forbes: Bitcoins are not money

According to Steve Forbes, bitcoin does not qualify as a currency. The basic reason? Bitcoins do not have a fixed value, thanks to their outrageous volatility: Money is most optimal when it is fixed in value just as commerce is facilitated when we have fixed weights and measures. When you buy a pound of hamburger […]