US authorities have seized $3.6 million worth of the digital currency bitcoin as part of a bust that shut down 'Silk Road', an online black market for drugs, hitmen and hacker tools, US authorities said Wednesday. Silk Road had used bitcoin in transactions as a way to protect identitie…n in revenue over the two and half year period, or $3, 498 billion a year." "To put that in perspective, the number one company in the Fortune Global 500, Dutch Shell, earned $481.7 billion last year, less than 5% of what it would take to equal Silk Road’s position." (AP / Rick Bowmer)

I decided to create a cleaner look post. Also, this tutorial is for the latest *buntu releases and will target only cgminer as mining software .If this tutorial helps you to start mining, please consider giving a small % of your gains to my wallet : 13sRUwHbmv5ewLjQkKabDTsyPQEDD4v6mx .…nd then install the package open a terminal and type: $ cd ~/Downloads $ mkdir amd-driver-13.04 $ cd amd-driver-13.04 $ unzip ../amd-driver-installer-13.04-x86_64.zip $ chmod +x amd-driver-installer-13.04-x86_64.run $ sudo ./amd-driver-installer-13.04-x86_64.run Select install driver (

By Dre Armeda on May 2, 2013 . Research by Daniel Cid. Authored by Dre Armeda. One thing you can’t take away from some of the attackers we deal with everyday is their creativity. From time to time we write about new trends we’re seeing, and this post is no different. We’re seeing a new…. Paper money is usually created and distributed by goverments, in the case of Bitcoin, there is no government. With Bitcoin you have Miners. Bitcoin Miners are entities that use special software to solve difficult math problems, and in exchange are issued a certain amount of Bitcoins.

Credits: Thanks to Syke's article on forum.bitcoin.org!!! This is only applicable for Mas OS X Snow Leopard (10.6.x). 0. Download and install bitcoin client for MacOS from bitcoin.org $ cd "$HOME/Library/Application Support/Bitcoin" ### if not exists, run bitcoin client first $ touch b…hon setup.py install 4. Retrieve and run poclbm mining scripts $ git clone $ cd poclbm $ python poclbm.py -d 0 --user un --pass pw P.S., the scripts run well, 58000 khash/s with 4850 on my iMac… This entry was posted in General and tagged bitcoin, Mac, opencl by yongsun. Bookmark the .

BitcoinMiningHardware.co is dedicated to bring the top Bitcoin mining hardware , comparisons, charts, software, clock, exchange rate, and news for Bitcoin miners. Today BitcoinMiningHardware.co launches a new site dedicated to Bitcoin mining hardware for Bitcoin miners. This new site w… compare as well as offer a comparison for each. Filling the void of a place those looking to purchase hardware will need when selecting a reputable establishment. To learn more please visit. READ MORE Tagged as: bitcoin miners, bitcoin mining, bitcoin mining hardware, hardware, miners

This story is interesting. The value of a bitcoin in USD had a sharp crash, going from a high of $260 to $130. Could you imagine a crash of 50% in gold or silver? There would be a lot of people buying physical, if that happened. The last time the price of gold sharply crashed in 2008, …ys something from B and then B buys something from C, A’s credit to B can be transferred to C. Another advantage of such a system is that only people you trust know about your transactions, rather than everyone. If A does not trust C in my example, then the transaction does not offset.