473
USD/BTC Price
16,315
24h BTC Trade Volume
13,159
Thousand Total BTC
6,224
Million USD Market Cap
203
PHash/s Network

NEW YORK (InsideBitcoins) -- Think you can fire up the old Dell PC and mine some bitcoins? There is a bit more to it than that. Think immersion cooled servers and a utility bill of tens of thousands of dollars per month. Or, a 24/7 operation in 105 degree heat with ear-piercing noise from fans struggling to cool 2,500 machines.

In an article for The Register, two radically different views of bitcoin mining are offered.

Inside Bitcoins | Published on 08/12/2014 - 06:45

NEW YORK (InsideBitcoins) -- For bitcoin, the first-movers among consumers in America may be Hispanics. According to a poll conducted by Morning Consult, while more than half (53%) of likely voters in America know little or nothing at all about the cryptocurrency, 18% of Hispanics said they know “a lot” about bitcoin. Only 10% of whites claimed such knowledge.

Inside Bitcoins | Published on 08/11/2014 - 17:45

NEW YORK (InsideBitcoins) -- The eclectic South by Southwest (SXSW) conference and festival held in Austin, Texas each March is garnering some significant interest from the Bitcoin community.  Voting began today on the sessions to be held at next year's event and already there are 19 potential speakers' panels regarding Bitcoin.

Inside Bitcoins | Published on 08/11/2014 - 17:00

NEW YORK (InsideBitcoins) -- A government-sponsored consumer watchdog has issued a warning to consumers: When it comes to cryptocurrencies, you're "stepping into the Wild West."

The Consumer Financial Protection Bureau (CFPB) issued the consumer advisory today advising consumers to be aware of potential issues with virtual currencies such as unclear costs, volatile exchange rates, the threat of hacking and scams, and that companies may not offer help -- or refunds -- for lost or stolen funds.

Inside Bitcoins | Published on 08/11/2014 - 13:30

NEW YORK (InsideBitcoins) --- A popular bitcoin wallet has doubled its user base in little more than six months. Blockchain has announced that it has surpassed two million wallets, the first company in the burgeoning industry to celebrate such a milestone.

The company reached one million wallet users in January of this year, but saw demand explode after the relaunch of its iOS wallet on the Apple App Store late last month. Blockchain says there were more than 41,000 downloads of the app within the first week of reinstatement.

Inside Bitcoins | Published on 08/11/2014 - 12:00

LONDON (InsideBitcoins) -- Europe continues to fragment over the recent debate regarding bitcoin with the U.K., Switzerland, Russia and other major EU states each seemingly adopting divergent posture on their vision of the digital currency’s future. And whilst political clashes continue to oscillate across the continent, for the population of one EU nation, bitcoin is busily making the transition from niche to chic.

Ian Jackson | Published on 08/11/2014 - 12:00

NEW YORK (InsideBitcoins) -- Bitcoin-based retail transactions are gaining traction. Last month, Dell announced its acceptance of the digital currency for purchases on its website, and the strategy seems to be working. Saturday afternoon Michael Dell tweeted about a substantial order the company received, paid in bitcoin.

The CEO of the self-named company reported the sale of PowerEdge servers, with the single order totaling 85 bitcoin, about $50,000. The buyer was unidentified.

Inside Bitcoins | Published on 08/11/2014 - 07:30

NEW YORK (InsideBitcoins) -- There is no denying that we are in an age of stolen account data. Recently, it was widely reported that a Russian crime ring amassed over 1.2 billion username and password combinations. And it only appears to be getting worse, as companies around the world face the threat of being hacked and losing company data.

Jacob Cohen Donnelly | Published on 08/11/2014 - 06:00

NEW YORK (InsideBitcoins) -- Networks belonging to Amazon, Digital Ocean, OVH, and others -- 51 in all -- have been hacked by an unknown assailant. Tens of thousands of dollars worth of cryptocurrencies, and perhaps much more, were hijacked in the process.

Darnell Jackson | Published on 08/10/2014 - 20:15

NEW YORK (InsideBitcoins) -- A who’s who in the world of Cryptocurrency is gathering in Raleigh North Carolina this coming weekend. Edmund C. Moy, the 38th director of the US Mint, and Adam Draper, founder and CEO of Boost VC, a California venture capital firm, are the scheduled keynoters.

The event, dubbed Cyptolina, is the first ever Bitcoin expo in North Carolina and organizers expect at least 500 attendees.

The two day event includes:

Darnell Jackson | Published on 08/10/2014 - 09:45

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