There is a shadow economy that is growing online: bitcoins, an anonymous peer-to-peer currency that was created by Satoshi Nakamoto (a presumed pseudonym; his/her actual identity is not known). Commercial digital currencies have been tried in the past (Facebook Credits being the larges…undreds of days for you to strike a bitcoin payout. Of course, it could be faster: it’s ultimately a function of luck, and you could get a payout on the first day. It’s sort of a legalized lottery, where you “buy in” with energy and CPU power, and get paid back in the form of bitcoins.

51 days ago / All-in-one Internet Search Bitfury 400 GH/s Bitcoin Mining Rig Arrives At Tester Genesis Block Considering a bitcoin mining hardware purchase? Make a more informed decision with TGB's Bitcoin Mining Dashboard. After almost a full year of development and one month of delays, BitFury's ASIC bitcoin mining prototype has begun hashing at 400 GH/s. and more » bitcoin – Google News Load Live Tweets Load Live Comments RSS Follow Topics: Bitcoin

E-Sports Entertainment (ESEA) runs competitive video game leagues and tournaments. That’s tremendous. They also sometimes bury Bitcoin mining software in their anti-cheating client without telling gamers . That’s less tremendous. They got caught after users realized the anti-cheating c…s on the hook for a new high-end graphics card. Maybe you could use some of that $3, 602.21 to buy him a new graphics card — Oh! Or maybe just blow it all at a carnival winning him a really sweet stuffed banana. (PCGamesN via The Daily Dot, image via zcopley) Relevant to your interests

September 20, 2013 at 3:30 pm PT Aubrey McIntosh has taken up mining in his spare time, and he’s finding it hard and hot — even if it’s prospecting for a virtual currency and a computer is doing all of the work. Mr. McIntosh, a semiretired chemistry professor in Morris, Minn., is among…s custom-built to find bitcoins, near the chimney flue in his basement to try to get rid of all the heat it generates. “It sounds like an aircraft carrier, ” he said. Since turning the computer on his electricity bill has about doubled. Read the rest of this post on the original site »

It seems that hackers have decided to start to target bitcoin related services in earnest as the latest organisation to fall prey is the very popular Slush’s bitcoin mining pool that usually resides at . Slush’s pool is the oldest mining pool and it started with a forum post on Novembe…I made database snapshot seconds before attackers overtake the database machine. I lost some amount of bitcoins, but I’ll be able to recover it from my pocket. For now I’m evaluating what’s next to do, because all machines in OVH has been compromised and they cannot be trusted anymore.

Can you mine for BitCoin (or mine LiteCoin) on Android? BitCoin/LiteCoin Mining on Android The simple answer is "Yes" your little Android device can generate enough hashes to mine. But will you ever see any BitCoin blocks being generated by even the best quad core toting 1.9 Ghz phones… as "most manufacturers do not release OpenCL drivers for mobile devices" as its a paid app you might want to think carefully about it. You'll also want to know which are the best mining pools to point your Android mining app at as it only supports the Getwork protocol and not Stratum.