FPGA Bitcoin mining software
September 4th,2013 | by Famicoman |Note: This article is the first entry in a series I am writing for Philly2600.
If you’re anything like myself,you’ve been keeping loose tabs on Bitcoin over the years. When I first read about the cryptocurrency,I thought it was an awesome concept. Now,I had heard about electronic currencies before. The first mental link I made upon hearing about Bitcoin was that it reminded me of e-gold.Founded in 1996,years before Paypal,e-gold was a gold-backed digital currency created by a few guys in Florida. e-gold was the de facto currency for underground transactions,and was recently referenced in Kevin Poulsen’s Kingpin as the choice of the carder market – the collection of online outlets to buy and sell credit card information.
egold’s logo
Though it was forged near the tail of e-gold’s run and adopted a similar concept,Bitcoin turned out to be a different beast entirely. While it is still favored for underground transactions,closely integrated with controversial websites like The Silk Road,the currency had striking differences that allowed it to come into its own. Bitcoin is distributed (read peer-to-peer),decentralized,and considered fiat money (as opposed to representative money).There is no central authority to go to with legal matters,you cannot simply flick a switch and shut down the network,and the currency only has value because we give it value – it isn’t backed against gold or silver or another currency.Bitcoin also has an interesting history. The identity of the creator,who goes by the name Satoshi Nakamoto,is still unknown to the public. Many theories have come up to who the man behind Bitcoin really is. Some speculations range from an academic team to a government agency to a reclusive cryptographer. If you want to see more speculation,there’s an interesting Vice article about the whole thing I’d recommend checking out.
Source: famicoman.com
Related posts:
- Cgminer Bitcoin mining software
- Write Bitcoin mining software
- FPGA Bitcoin Mining Hardware
- Bitcoin mining VMware
- Buy Bitcoin mining shares