How We Mined More Than 100,000 Dogecoins in One Week

As bitcoin mining increasingly becomes more of a professional pursuit, hobbyists and newcomers have turned their attention to scrypt mining.So, at CoinDesk, we wondered, ‘why not try scrypt mining ourselves?’Watch the video to see how well we fared:We got our hands on a Gridseed G-Blade miner, one of the first scrypt miners in the market to use ASIC chips. ASIC chips have been used to mine bitcoin for over a year, now they are making their way into...

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Crossing Borders for Bitcoin

People usually immigrate to a new country for a variety of sociopolitical reasons, most of which can be summed in the big, capital letter kind of ideas: Freedom. Opportunity. Wealth. Prosperity.To that list I would like Bitcoin and Litecoin. Yes, people are crossing borders for these cryptocurrencies, but it’s not for the reasons you might expect (no one is skipping town after running an exchange scam).Let me explain. As the head of operations at...

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M.K. Lords interviews Michael Malice on his new book Dear Reader: The Unauthorized Autobiography of Kim Jong Il

by M.K. Lords on April 26, 2014 { } This interview first appeared at Bitcoin Not Bombs. Michael Malice’s book Dear Reader: The Unauthorized Autobiography of Kim Jong Il is a darkly humorous peek into the mind of one of the most brutal dictators in recent history. Weaving North Korean propaganda into a new literary genre–the unauthorized autobiography–Malice has created a work that forces you to laugh when you shouldn’t and climaxes numerous times...

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Bitcoin Foundation Election Deadline Extended Due to Voting ‘Hiccups’

The Bitcoin Foundation has extended the deadline for voting in its ongoing special election to fill the two industry seats left vacant by Mt. Gox CEO Mark Karpeles and former BitInstant CEO Charlie Shrem.Though voting was originally slated to end at midnight EST on 28th April, the deadline has been extended to Wednesday, 30th April.Brian Goss, chairman of the Bitcoin Foundation’s election committee, sent the message via email to eligible voters,...

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A Message to the Class of 2018: Consider Cryptocurrency

By April 15, which was a few short days ago, most high school seniors had already submitted their statement of intent to register (SIR) to the college of their choice. Since then, they have turned their eyes toward the fall semester and what they will elect to study there.This decision, of course, is not easy. A person’s major has an influence far beyond the four years of college. Your major gives you a particular body of knowledge, expertise, and...

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Google Pulls Six Mobile Wallpaper Apps Due to Bitcoin Mining Malware

Lookout, a mobile security startup based in San Francisco, has identified a new type of bitcoin mining malware that targets mobile devices. Dubbed “BadLepricon,” the malware represents a more sophisticated type of mining malware attack than previously seen.The malware was designed to be delivered via a wallpaper app. Lookout identified six separate apps that contained BadLepricon, and Google removed the apps soon after being contacted by the mobile...

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Blockchain’s Nic Cary on Bitcoin Wallets, Mt. Gox and Decentralization

Nicolas Cary is the CEO of Blockchain, a bitcoin company best known for providing the most popular consumer bitcoin wallet and block explorer. Blockchain.info, the company’s informational website, garners 350 million page views a month, while its wallet service passed 1 million downloads in January 2014. Blockchain also acquired multi-exchange bitcoin trading platform ZeroBlock earlier this year. Cary was a keynote speaker on day one of Inside Bitcoins...

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Iowa State University Hit by Bitcoin Mining Malware

The Iowa State University has suffered a massive security breach which compromised the security of student data and involved some illicit bitcoin mining.The university says the compromised servers contained social security numbers of 29,780 students enrolled between 1995 and 2012.However, there is no indication that any of the files were accessed. No financial information was stored in the student records and further investigation led the university...

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Dorian Nakamoto Thanks Bitcoin Donors on YouTube

Dorian Nakamoto, the California man who is Satoshi Nakamoto but not the one the media is looking for, has appeared in a YouTube video thanking the bitcoin community for its support.Bitcoin identity Andreas Antonopoulos organized the fundraiser as partial compensation for Nakamoto’s recent troubles, after a Newsweek cover story ‘revealed’ him to be bitcoin’s mysterious originator. The appeal has raised over 47 BTC, and Nakamoto says he plans to keep...

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So Very Wow! Dogecoin Sponsors a NASCAR Racer

Dogecoin has become a very popular cryptocurrency since it was introduced in December 2013. Since then, this currency based on the popular internet meme has been widely used as a “tipping” system for dogecoin Reddit users, while also acting as a successful medium for crowdfunding campaigns. The internet meme features funny, nonsensical and misspelled captions overlayed atop images of a Shiba Inu dog. For those unfamiliar, these captions include,...

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Inventor Creates Commercial Bitcoin Fuel Pump

Despite the advancement of bitcoin at a number of major online retailers and in small businesses worldwide, certain major sectors still have yet to see any serious digital currency adoption.For example, earlier this year, one gas station in Greeley, Colorado, became what was widely considered to be the first to begin accepting bitcoin, and three months later few, it seems, have followed suit.This sluggish adoption could change, however, thanks to...

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Sir Richard Branson Wants a Transparent Cryptocurrency, But Will Customers?

Billionaire entrepreneur Sir Richard Branson, whose Virgin Galactic airlines was the first to accept bitcoins for space flight, recently described bitcoin as “the pioneer of a global currency” in an interview in the April issue of Delta’s SKY Magazine. Branson clearly believes in bitcoin. Not only is he accepting it, but he’s invested in it as well. But his comments indicate that he does not believe bitcoin will be the ultimate winner in the cryptocurrency...

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Her World on a String, Spotlight on a Bitcoin Business

If you seek artisan made goods, Central Texas is the place to be. Some attribute it to the magical waters flowing from springs into the river, some attribute it to the weather, others to the people. No matter the reason, one cannot deny that Central Texas is home to a thriving entrepreneurial/artisan movement – a movement that now accepts bitcoin!One such artisan is Bitcoin enthusiast and singer/songwriter, Sarah Stollak, owner of World on a String...

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Small Businesses Enjoy Success After Accepting Bitcoin

As bitcoin continues to grow in popularity, small businesses around the world have begun accepting the digital currency as a method of payment.Many of these businesses have seen only a very small portion of their customers pay with bitcoin, but that doesn’t necessarily make the venture into cryptocurrencies a failure.Dr J Anthony Allen, CEO of the Minneapolis-based music production school Slam Academy, said bitcoin payments at his business have...

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