A miner by definition controls some computing power. Due to the nature of mining this computing power is commoditized ; unless you’re a miner any two rigs outputing the same hash/second are equivalent. Due to the close relation to BTC computing power is actually pretty much fungible, a… difficulty times two to the power of thirty two. This is a perfect solution indeed, but only from the point of view of the miner, as he is now completely insulated from all risk : he takes in the investment, expends it as promised, delivers the dividends as they accrue and that’s all.

Letter Re: JWR's Books Available With Bitcoins? Saturday, Jun 18, 2011 Letter Re: JWR's Books Available With Bitcoins? Sir: I came across the Bitcoin Trade page and when I reached the Books category, I wondered if I would be able to purchase your future books with BitCoins? Thanks, - M…while web browsing.That link is currently earning us about .1 BTC per day. Please remember to refresh it regularly while web browsing, so we can maintain a good rate for the Ten Cent Challenge. Many thanks! Copyright 2005-2012 James Wesley, Rawles - SurvivalBlog.com All Rights Reserved

ASIC bitcoin miner manufacturer TerraHash has told customers that it has gone out of business. The company is now facing legal action from at least two customers,CoinDesk has learned. The California-registered corporation announced on the Bitcointalk forum that several problems had cau…raHash is they did not do a good job keeping their customers informed. The updates were few and far between, ” said Michael Andrews,a computer consultant who had ordered $11, 500 of equipment from the company on June 18 via PayPal and American Express,and had not yet received a refund.

Posted on 16 October 2013. Tags: Bitcoin, Channel codinginmysleep.com / BY DAVID PERRY / OCTOBER 15, 2013 12:44 Everywhere you turn it seems someone is trying to convince you that ASIC mining is no longer profitable and you should just pack it in before you even start. “I already sold …of which is how you define “profitable.” Let’s start by clearly defining two very important terms: Profitable: Yielding profit or financial gain. Profitability really only cares about two things – money in and money out. If more money comes in Read more ... source : The Bitcoin Channel

October 10, 2013 by Maria Santos Being a Bitcoiner reveals a lot about you, whether you like it or not. Especially your preferences when it comes to hardware or software. In this case, we are taking a look at the favorite operating systems used by miners in the five main countries that…p five countries. 5. Russia Russia is the ultimate Windows supporter, with 90 percent of the Bitcoiners who download the Bitcoin client using Microsoft’s operating system. It’s also the second country in the top five, besides China, where there are more Linux users than Macintosh fans.

Money matters : Simon Johnson on stage at EmTech. Governments and established financial institutions are likely to launch a campaign to quash the decentralized digital currency Bitcoin, according to a leading economist and academic. Simon Johnson, a professor of entrepreneurship at MIT…the recent case of Silk Road, an online marketplace where bitcoins were traded for illicit drugs. The FBI arrested a man on suspicion of running the site and seized the servers that ran Silk Road. The site was hidden from the open Internet using the anonymous networking technology Tor.