The ESEA gaming network has been exploiting its users' powerful graphics cards to mine Bitcoins without their knowledge. "Mining" is the way Bitcoin is created — it involves dedicating some or all of a CPU or GPUs power to solving hashes, which in turn generates the virtual currency. T….7 million per year doing just that — but the fact that this came from within a trusted company is worrying. As Bitcoin slowly makes its way into the public consciousness, it's likely that we'll see more and more people trying to make a quick buck by using botnets to mine the currency.

Here are some guidelines to choosing hardware for an effective GPU rig. CPU: The cheapest you can find. Low-end AMD CPUs are good for this. RAM: The cheapest you can find. ODD: Unnecessary, install the OS from a USB flash drive. HDD: Unnecessary, use a USB flash drive, the cheapest you…herboard with more than 2 suitable slots can be expensive. With a custom case you can use every PCIe slot, including x1, with extender cables - even cheap motherboards have about 5. The available bandwidth for the slots doesn't matter. Other than that there are no special requirements.

What is BitCoin and What is BitCoin Mining? I tried to break it down to someone yesterday. It went like this: BitCoin is a digital Internet currency. Think of it as an counterfeit-proof electronic dollar which is not manipulated by a central authority such as the Federal Reserve. It’s …Take a quick look a BitCoin Part 1, a brief look and its volatile history. I ran through a couple questions that typically come up in BitCoin for the Masses, cause everyone will ask how anonymous BitCoin actually is, or how exactly do bitcoins have any value. Like this: Like Loading...

For anyone that is new to Bitcoin Mining. This maybe the best place to start. Bitminter.com has made it super easy to to get started in the world of Bitcoin mining. Bitminter mining client supports Windows, Linux and Mac! Prerequisites before starting Have a Bitcoin wallet. Have a dedi…Start” in the Bitcoin mining client. Click and you should see something like this: Let the Bitcoins accumulate as you mine! If you are concerned about the integrity of Bitminter.com integrety on giving out your mined share fairly. Click here to view a detailed audit on the mining pool.

While you won’t get rich running a single Raspberry Pi Bitcoin Rig, you can probably make back your initial investment in this ingenious little machine. RaspPi Bitcoin rigs are nothing new but Dave Conroy has just built one and, more important, shared his plans in a fairly easy-to-read… is the novelty of the kit. It’s cool to see this little rig running and I think the wee USB-powered fan on top of it is the crowning touch. Put a couple dozen of these in a room and you could probably really do some damage and your farm will look sort of like Pikmin, which is a bonus.