With Bitcoin, sending money to the Philippines has never been simpler or more affordable CEX.IO

Wednesday, December 25, 2013

How to Buy Bitcoins With PayPal on VirWox

If you are too wary of transferring your money to a Bitcoin Marketplace directly from your bank, then this workaround will enable you to use Paypal in order to buy Bitcoins indirectly on VirVox.

Tuesday, December 24, 2013

Basics of Why Bitcoin is Important

Monday, December 23, 2013

Max Keiser rips up £20 note on Newsnight in defense of Bitcoin

A Beginner's Guide on How to Trade Bitcoins on Bitcoin Exchanges

Monday, December 2, 2013

KNC Miner Neptune 3TH Miner is Released

Today KNCMiner is releasing the Neptune miner. It is the world's first 20nm and is following the naming convention from their 28nm range. It will have the following initial specifications.
  • Minimum 3000GH/s of hashing speed that 3TH (Over 5 times the speed of our first Jupiter release)
  • A 30% reduction in watts per GH
  • Shipment begins in Q1/Q2 of 2014
  • Payment for this product is bitcoin and bank transfer only. 
The product is now available for purchase in the KNC online shop. Here at

There is a limited supply again of only 1200 units queue placement and thus shipment is based on payment date. So hurry up and get in line!

WSJ: Bitcoin Hits New Record

Tuesday, November 12, 2013

Bitcoin Mining, BFL ASIC vs FPGA vs GPU vs CPU

Detailed video with explanation of:

  • Bitcoin Wallets
  • Expatiation of the technology behind Bitcoin and Bitcoin mining.
  • The performance and power usage of: BFL SC ASIC vs FPGA vs GPU (Nvideo GTX 560 Ti and AMD ATI Radeon HD 8950) vs CPU (Intel Core i7 3930K).
  • The performance and power usage of: BFL SC ASIC vs FPGA vs GPU (Nvideo GTX 560 Ti and AMD ATI Radeon HD 8950) vs CPU (Intel Core i7 3930K).
  • Demonstration of Bitminter mining client and measurement of power with a Kill-A-Watt.
  • Look inside (teardown / review) of the Butterfly Labs ASIC 5 GH/s Bitcoin Miner: BitForce 5 GH/s SC Model: BF0005G

More Tutorials can be found here:

Monday, November 11, 2013

Is Bitcoin Sharia Compliant?

David Barker quotes Imran Hosein in his book "The Gold Dinar and Silver Dirham." as he identifies six traits common to all of these that amount to a definition of money in Islam.

1- Money is either precious metals or food.
2- Money is abundant and freely available.
3- Money is durable and does not spoil or corrode.
4- Money has intrinsic value.
5- Money exists in creation and is made valuable by God.
6- Money functions as a medium exchange.

However, Mr. Barker disputes the first trait.


Friday, November 8, 2013

Great Article in TWP: Everything you need to know about the Bitcoin 'Bubble'

The Article is by Timothy B. Lee and it talks about how the price of bitcoins rose above $300 for the first time ever Friday, sparking renewed media attention and fresh claims that the high price represents nothing more than a speculative bubble.

It also answers questions about Bitcoin usability by normal folk as well as speculations and common misconceptions.

A must read for Bitcoin Newcomers:

Watch Business Insider's Joe Weisenthal Go To War With CNBC's Jeff Cox Over Bitcoin

Thursday, October 17, 2013

Bit Dazzle

BitDazzle is a new marketplace accepts bitcoin payments. BitDazzle is the first marketplace to offer unique and handmade products available for purchase with bitcoin.

Friday, October 4, 2013

Mike Hearn, Bitcoin Developer - Turing Festival 2013

Details of BitcoinTalk Post Hack Email

Subject: Bitcoin Forum Compromised

Unfortunately, it was recently discovered that the Bitcoin Forum's server
was compromised. It is currently believed that the attacker(s) *could* have
accessed the database, but at this time it is unknown whether they actually did
so. If they accessed the database, they would have had access to all
personal messages, emails, and password hashes. To be safe, it is
recommended that all Bitcoin Forum users consider any password used
on the Bitcoin Forum in 2013 to be insecure: if you used this
password on a different site, change it. When the Bitcoin Forum
returns, change your password.

Passwords on the Bitcoin Forum are hashed with 7500 rounds of
sha256crypt. This is very strong. It may take years for
reasonably-strong passwords to be cracked. Even so, it is best to
assume that the attacker will be able to crack your passwords.

The Bitcoin Forum will return within the next several days after a
full investigation has been conducted and we are sure that this
problem cannot recur.

Check and #bitcoin on Freenode for
more info as it develops.

We apologize for the inconvenience.

Sunday, September 29, 2013

How to Check Bitcoin Wallet Balance and Transactions?

I've been asked this question several times and the easiest answer is through the following:

  1. Go to:
  2. Copy and paste the wallet address in the search box in the top right corner of the screen.

To do this later, all you have to do is bookmark the URL which should look something like: where 1XXX is your bitcoin wallet address.

If you have any further questions: askus [at} 

Friday, August 16, 2013

Day-by-Day Butterfly Labs Updated Shipping Schedule

Updated daily: Butterfly labs shipping schedule by date of purchase/payment:

Bitcoin Boom? US fears digital currency may hit dollar demand - RT

Bitcoin on BBC Newsnight

Bitcoin.Travel Bitcoin Outlets and Events on the World Map

It's like Google Maps for bitcoin stores, events and points of interest. 
The service was started in July 2011. It is an easy to use world wide map that includes all the businesses that currently deal with Bitcoin. It is a very comprehensive bitcoin directory. It includes a review engine and rating system for people and businesses involved in Bitcoin. The Travel team frequently provides the bitcoin community with information about new businesses accepting bitcoin via their FacebookTwitter and r/bitcoin. Bitcoin.Travel directory is also mentioned on WeUseCoins website in the getting started section, so it is visited almost by every bitcoin newbie.
Read More and Try it for yourself here:

Thursday, August 15, 2013

Buy USPS Shipping Labels with Bitcoin allows you to print United States Postal Service™ (USPS) shipping labels directly with Bitcoin, without converting to US Dollars. 

The procedure:
1. Create Label.
2. Put in shipping information and speed.
3. Generate a code.
4. Pay with Bitcoin.
5. Print label at home.
6. Stick label to your package and drop it off at post office.

It's that easy! Visit Them at:

Wednesday, August 7, 2013

Interview: Kipochi founder Pelle Braendgaard

Kipochi is a bitcoin wallet service that is both global and easy to use. The users simply specify the phone number they want to send bitcoins to and the amount. They never have to remember the bitcoin address of the receiver.

The following is a link to the interview with its founder.


Thursday, August 1, 2013

Bitcoin Explained ... The Ausie Way!

The video explains how bitcoin as an alternative government-control-free currency can flourish.
Mining is also simply explained including block generation and mining difficulty. Inflation control is also explained. The video is a bit out-dated when it comes to some of the facts mentioned like the reward for each block solving and also bitcoin value.

The dark side of using bitcoin is explained and silk road is given as an example. MintChip, a bitcoin clone issued by the Canadian government is also explained.

Wednesday, July 24, 2013

Overview of BITCOIN ASIC Miners: Avalon, BFL, USB Miners, Metabank and More ASIC Miners

Russian ASIC Miner with Bitfury ASIC chips.

What are the specifications of the Bitfury Asic? you may ask?

Technical Details (Translated from various Bitfury Posts) The design is built on the 65nm UMC Process (
Bitcoin Engines: 756 Rolled cores (65 Cycles per Hash)
Expected operational frequency: 250Mhz-900Mhz
Packaging: QFN48
Conservative design, could be 40% smaller
Risk interconnect and transistor variations +/- 20%
Core implemented using full custom design process (some global place & route)
Number of transistors per "core": 55,000
Power estimate obtained from hspice simulation
Design optimised for low power and minimum size rather than high clock rate

Each chip is capable of 2.8-10.4Gh/s using a 756 core design
Estimated Chip Power Consumption: 1.96-7.26W (0.7W per 1Gh/s)
Estimated Power Consumption at Wall: 1.4W per 1Gh/s


Butterfly Labs Jalapeno Unboxing

Tuesday, July 2, 2013

Part 1: Gold in them bits: Inside the world’s most mysterious Bitcoin mining company

This is the first in a two-part series exploring Butterfly Labs and its line-up of dedicated Bitcoin-mining hardware. In part one, Ars technica looks at the company and the experiences customers have had with it. In part two, published on June 29, they share their experiences running a Bitcoin miner for a couple weeks. Spoiler alert: we made money.

Read More:

Part 2: How a total n00b mined $700 in bitcoins

This is the second in a two-part series exploring Butterfly Labs and its lineup of dedicated Bitcoin-mining hardware. In part one, Ars Technica looked at the company and the experiences customers have had with it. In part two, they share their experiences running a Bitcoin miner for a couple weeks.

Read More:

Sunday, June 30, 2013

Can Money be made with Mining Bitcoins? An article on Technology Personalized

There are a number of factors that must be considered Before you get into the world of Mining Bitcoins:
  1. The Initial investment in Mining Hardware: This also entails the risk taken by buying not-yet-released hardware like (ASIC Minors) to be more specific.
  2. The cost of running your mining gear, as it will run non-stop. Electricity bill is the biggest money drain here.
  3. If you run you Miner in a Pool: some pools also take a fee from the members, and while the fee isn’t much, you still have to take it into account. This handy bitcoin profit calculator might also help you determine if you will make any money.
  4. Keep in mind that the price of a Bitcoin will fluctuate. It can go wildly from $140 to less than $90, so it will be somewhat of a risk comparable to stock exchange markets. 
  5. Maintenance cost of a mining setup,
  6. Difficulty. The more time passes by, the more difficult it is to make money from your existing mining set-up. 
For more information on bitcoins and mining, you can take a look at the bitcoin wiki or theofficial Bitcoin website, or for real time price comparisons between BTC and other currencies, you can have a look at Bitcoin Charts.
To read the full article go here:

Wednesday, June 26, 2013

Simple BTC to USD Online Calculator

Sweet, clean and up-to-date continuously updating converter from bitcoin to US dollars. Check it out: 

Monday, June 24, 2013

Bitcoin Foundation Receives Cease And Desist Order From California

The letter threatens the Foundation with penalties of $1000 for each violation of Financial Code 2030, or $1000 per day under Financial Code 2151. Anyone violating Financial Code 2152 could also incur jail time, it said, before throwing a slew of other regulations at the Foundation.

Read more:

Raspberry Pi Bitcoin Miner!

USB-based ASIC thumb drives are used with the Raspberry Pi to mine Bitcoins at rates comparable to the best graphics used in mining today. Since multiple ASIC devices can be controlled through a USB hub, it’s simply a matter of plugging a USB hub into a Raspberry Pi, loading up CGminer, and letting your new PiMiner loose on a mining pool.

Read More:

Complete How-to:

All you need to know plus questions and answers. That includes: What USB hubs are compatible and the best pools to join. Includes Pictures::;all

Tuesday, June 18, 2013

Coinbase - The easiest way to convert USD to BTC

Just created a bitcoin wallet on Coinbase!  It was as easy as transferring money from one US account to another. As soon as you make the connection between your Coinbase account and your US account you can move USD to BTC back and forth easily at the press of a button.

If you have a US based bank account, then Coinbase is a must have. I highly recommend it!

A simple guide to Bitcoin by has been reporting on digital currency Bitcoin for several years, but in the last few months, a single bitcoin's trading value has swung from $30 to $230 and back to $100 and it's been a daily fixture in headlines across the mainstream media. Despite this, there remains a lot of confusion about what bitcoins are, how to use them and whether or not we are in a Bitcoin Bubble. Here's Wired's simple guide to Bitcoin.

Read the full guide here:

Friday, June 14, 2013

Butterfly Labs ship first Bitforce SC 60 bitcoin miner plus Upgrade Opportunity!

The long wait is over... just cross your fingers and hopefully you will be next in line. Moreover, if you were one of the customers that ordered one of the 25GH/s products then:
Now you have the opportunity to upgrade to 30GH/s for $250.

Upgrades are added to your order before it enters production, resulting in a customized product. All orders are non-refundable.

The upgrade link is visible in your account dashboard after you log into your account on our website:

-Upgrade from 25GH/s to 30GH/s for $250

These upgrades will not affect the shipping time of your unit or your placement in the order queue.

Read more here:

and here:

Tuesday, June 11, 2013

Ed and Ethan's Bitcoin cast #16

For more on the podcast, and more podcasts visit:

Show Notes:
- There's talk of the fall of Mt. GOX but should it be talk about the fall of centralized exchanges instead?

- A paper from University of Chicago prof' Nichloas Plassaras opines on bitcoin. We think he needs to read the bitcoin wikipedia article.

- Ethan's pet peeve about bitcoin discussions is that they're so American centric but could that possibly be a benefit?

- Also, China is running with bitcoin in a big way. A great website shows the number of nodes running in China and it's a lot. Check out the link. 

- Argentina is having problems with inflation and reliable economic data from government is just wishful thinking. Bitcoin users? Not affected.

- We ran out of time before we could really get into bitmessage inspired by the bitcon protocol but it's well worth a look.

Tuesday, May 14, 2013

Sunday, May 12, 2013

Australian Online Retailers accepting Bitcoin

Here are two Australian online retailers accepting Bitcoin as a form of Payment:

Bitcoin Buzz is High

Bitcoin buzz stays high even after bubble... It is more liquid than ever and it's becoming easier to adopt and use. Moreover, governments are starting to pay attention to it... This could only bring it more into the limelight!

Read more here:

How I Mined Bitcoins With a Butterfly Miner (Wired)

How he did it?

  • Hardware used: an old media player PC used with XBMC.
  • Operating System:  Ubuntu Linux 11.10
  • Mining software used: bfgminer
  • Mining pool used: Eclipse Mining Consortium
  • and ... Bob's your uncle!
To read the full story click here:

You can contact or follow the reporter via twitter:

Wednesday, May 8, 2013

Two New Bitcoin Exchanges Sprung Up!

  • is brought to you by Shamoon Siddiqui, Andrew Font, George Burke and Cory Cardio.
  • on the other hand is founded by Sean Lavine, Kinnard Hockenhull and Jordan Birnholtz. 

Thursday, May 2, 2013 and Bitcoin Domain Names for Sale

For Immediate Sale! 2 Bitcoins each. Serious buyers only.  Please contact us on domains --at--

Sale Closes 15 May 12 Noon GMT.

Trade Bitcoin for Gold and Silver

Latest News

The Bitcoin Channel

Cryptocurrency News, Bitcoin, Litecoin, and Altcoin news

CoinTelegraph News News Feed


Total Pageviews