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

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: 

Tuesday, June 25, 2013

ASICMiner Erupter Unboxing and Review

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.

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