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Regulars
Feds Seize Assets Of World’s Largest Bitcoin Exchange
The problems keep coming for Mt. Gox, the world’s biggest Bitcoin exchange. Just days after Gawker revealed a key business partnership had devolved into a $US70 million lawsuit, the Department of Homeland Security seized a payment processing account belonging to the company, alleging it lied on financial documents.
How A Bitcoin Transaction Actually Works
At this point, you probably have a working understanding of what bitcoins are (at the very least your handle of bitcoins is like how you can kinda, sorta explain why the sky is blue to a kid). But how does an actual transaction with bitcoins work? That’s a bit more complicated. It’s not exactly pulling crumpled cash out your pocket and dropping it off at the bodega counter for a soda now is it?
The World’s Most Powerful Computer Network Is Being Wasted On Bitcoin
Bitcoin mining machines are insane powerhouses, and they’re only getting crazier. How much power is getting sunk into the digital cryptocurrency? More than the world’s top 500 supercomputers combined. What a waste.
You Can Now Buy Awesome Cufflinks With Bitcoin
Bitcoin is good for buying many things, including illicit drugs for some reason. Instead of buying some illegal internet weed, why not use those hard-earned Bitcoins to go and buy some geeky cufflinks from a local vendor?
Gaming League Employee Turns 14,000 Users Into Bitcoin-Mining Zombies
A good Bitcoin mining rig is hard to find. They’re expensive, they take up space, they wrack up huge energy bills. Not at all practical for your average ESEA gaming network employee. Nefarious code that turns 14,000 of your users into an unwitting personal bitcoin botnet? Totally doable.
Prominent Bitcoin Trading Floor Shuts Down, Promises To Refund Everyone’s Money
Poor Bitfloor. It just can’t catch a break. After recovering from a serious hack where criminals made of with some sizeable loot, the Bitcoin trading floor has just had its US accounts closed, meaning it can no longer guarantee trades made at the exchange.
How Much Is Your House Worth In Bitcoins?
We’ve already explained everything there is to know about Bitcoins and Bitcoin mining, except the most important question that homeowners across the country are asking: how many Bitcoins can I get for my house?
Digital Drills: The Monster Machines That Mine Bitcoin
Bitcoin! It’s everywhere right now. Its value is dropping, spiking, dropping again. More and more new converts are hopping in, buying a few coins and trying their hands at the market, looking to make a quick buck with a profitable exchange. But all the while, there’s an ever-dwindling army of specialists working in the shadows, painstakingly extracting more and more digital doubloons from the cryptographic static.
What Is Bitcoin?
So you may have heard a bit about Bitcoin recently. What is it, though? Let these pretty graphics help.
