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Introducing ‘MineCoin’: a Minecraft-based Bitcoin ‘mining’ competition. For our beta test, we’re giving away >80 mBTC.  June 20, 2013 – 00:00

Posted on 20 June 2013. Tags: Bitcoinviews

20 June 2013 | drwasho | Reddit.com

Hi folks,

I’d like to introduce a project that we’ve been working on called MineCoin.

MineCoin is a Minecraft-based tournament game for mining gold ore blocks that are redeemable for Bitcoins (BitOre blocks). These tournaments are pay-to-play (in BTC) with the pooled entry fees making up the total number and value of BitOre in the game.

For our open Beta test, we’re giving away 80 mBTC worth of BitOre. We only have 25 available player slots that are filled on a first

Read more ...

source : Bitcoinviews

Source: thebitcoinnews.co.uk

Power usage/cost and mining

I found this quote earlier and though i would share. it seems that there is a point where the cost of bitcoin mining outweighs the benefit.
"I've done some testing. I tried to create conditions for success.
1. I had handy an M18 R2 - with dual 7970s.
2. I work a lot of hours and my kit is used by my employer. In trade off I use some juice for testing.
3. CPU bitcoining is worthless - just forget about it totally. Anyone telling you that only high power GPUs, FPGAs or ASICs offer a return are correct, and thats before ever discussing power.
4. I am vaguly able to generate 0

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