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600 Bitcoin, Crypto Mining Computers Stolen In Iceland | Money

600 Bitcoin, Crypto Mining Computers Stolen In Iceland | Money

(REYKJAVIK, Iceland) Some 600 computers used to mine bitcoin and other virtual currencies were stolen from data centers in Iceland in what police say is the biggest series of thefts ever in the North Atlantic nation. Some 11 people were arrested, including a security guard as part of what Icelandic media have dubbed the Big Bitcoin Heist. A judge at the Reykjanes District Court on Friday ordered two people to remain in custody. The powerful computers, which have not yet been found, are worth almost $2 million. But if the stolen equipment is used for its original purpose to create new bitcoins the thieves could turn a massive profit in an untraceable currency without ever selling the items. This is a grand theft on a scale unseen before, said Olafur Helgi Kjartansson, the police commissioner on the southwestern Reykjanes peninsula, where two of the burglaries took place. Everything points to this being a highly organized crime. Three of four burglaries took place in December while one took place in January, but authorities did not make the news public earlier in hopes of tracking down the thieves. Bitcoin is a kind of digital money that isnt tied to a bank or a government. It has been hugely volatile, posting some dizzying intra-day rises and falls over the past year or so. The price of a single bitcoin rocketed to nearly $20,000 late last year and then plunged early this year. On Friday, it was trading just below the $11,000 mark. Bitcoin and other cryptocurrencies rely on the blockchain, the name given to the public, distributed ledgers which track the coins ownership. The Bitcoin ledger is powered by miners, so-called because they throw computational power into the system, occasionally receiving or mining new bitcoins in return. Drumming up that computational power u Continue reading >>

Coinsource Bitcoin Atm (austin)

Coinsource Bitcoin Atm (austin)

We are Local Austinites who want to give you a Lazy good time! C.P.A. has a wide variety of products just like you would find in a convenience store including awesome Local items! If you don't see what your looking for, suggest it to us and we'll add it to the menu! We want our customers to be as excited and happy as we are to have this Austin concept! Too many times we've wanted someone to deliver us munchies when we were being lazy, straight up hungover, or feeling under the weather. So, we decided it was time to give people like us what their hearts desired... A convenience store to Ur door! We deliver Beer, Wine & Groceries to homes all over Austin! Local Products, Ice Cream, Toiletries, Cigarettes, Milk etc! #KeepAustinLazy AboutLet us help you find comfortable, ergonomic office furniture. Top brands like Steelcase, Knoll, Humanscale, etc. Mission is to deliver sincere, world-class service and provide solutions that benefit our customers. We help.The Human Solution intends to lead the office furniture and ergonomic equipment market by building an organization centered around service, expert knowledge, and forging partnerships with our customers. We recognize that the growth of our business is directly driven by our customer service and education.We base our company vision and strategy on these core values:Selling the highest quality products availableDelighting our customers in every aspect of their experienceFostering team member happiness and excellenceDriving profits & growth at fair pricesCaring about our communities & our environmentChampioning mutually supportive partnerships with our suppliersPromoting customer health through ergonomic educationCompany OverviewFounded by Certified Professional Ergonomist, Jon Paulsen, The Human Solution offers the best sele Continue reading >>

Kvue.com | Austin Real Estate Companies Accepting Cryptocurrency, Or 'bitcoin'

Kvue.com | Austin Real Estate Companies Accepting Cryptocurrency, Or 'bitcoin'

Austin real estate companies accepting cryptocurrency, or 'Bitcoin' Accepting digital currencies, specifically Bitcoin, is a new trend Austin realtors are seeing. More than 100,000 merchants worldwide are currently accepting cryptocurrency, including Austin real-estate companies. In September 2017, Kuper Sotheby's International Realty reported it became the first brokerage in Texas to close a home purchased entirely with Bitcoin, one form of digital currency. Kuper Sotheby's International Realty's Leslie Gossett said she had two properties on the market where sellers were accepting cryptocurrency as payment. Accepting digital currencies, specifically Bitcoin, is a new trend Austin realtors are seeing. "It's an additional way to market the property for people out there who have cryptocurrency that are looking to maybe convert it into a tangible asset," Gossett said. "We've got a young demographic here in Austin particularly that is getting more and more used to cryptocurrency," Independence Title's Sr. Vice President of Business Development Kara McGregor said. "They're invested in cryptocurrencies and they want to use that to purchase property." McGregor said in the most basic explanation, there's two ways to handle a purchase. "Either the seller is willing to accept Bitcoin and they set up their Bitcoin wallet and they take the funds that way or the buyer can convert their cryptocurrency to cash through a third party vendor like BitPay," McGregor said. "You deposit your Bitcoin into BitPay and then they convert it to dollars and send it." Real estate professionals said the transaction is handled like the sale of stock. Title companies go through escrow instructions to protect themselves. Instructions should specify seller instructions that cover variables, such as maki Continue reading >>

Austin Bitcoin Meetup

Austin Bitcoin Meetup

There are so many projects and companies in what we think of the "Bitcoin Space." The first born is of course Bitcoin, but we also have hundreds of altcoins too. Many of us are interested in mining, or trading coins.This meetup group is dedicated to creating a forum that addresses the interests of the group. You are the ones setting the agenda. We are a group that welcomes the full range of people interested in Bitcoin and similar technologies. We are dedicated to the concept of the blockchain and public ledgers. What does that mean, to be dedicated to the concept of the blockchain and public ledgers? We acknowledge that Bitcoin currently is the largest application using a blockchain, but also the existence of complementary and competing projects and applications. Public ledgers are going to change so much more than simply provide a new payment system. We see uses for clearing accounts between institutions (rather than depend solely on clearing houses). Coin representations of assets and securities. Cryptographic audits of business processes, not just monetary transactions. The full range of people means everyone. Those new to Bitcoin. Those interested in altcoins. Those interested in mining, or trading, or investing. Developers, mathematicians, and the non-technical alike. We will accept the skeptics. Debate will be allowed. Come to this meetup if you are looking to find people with the same interests, or even with divergent views. Continue reading >>

The First Bitcoin Atm In The Us Is Opening In Austin, Texas

The First Bitcoin Atm In The Us Is Opening In Austin, Texas

USA! USA! We are now officially almost as good as Canada! Why? Because the folks at Robocoin are officially turning on the first U.S.-based Bitcoin ATM at the HandleBar in Austin, Texas. The ATM, placed prominently in the Austin tavern, will be much like any other ATM youve used. You walk up, put in some money, and pull out bitcoin. Bitcoin owners will be able to sell through the machine and you will receive a receipt and an amount of BTC will be credited to your virtual wallet. The company already has ATMs in Vancouver and has shipped them to Asia, where they were briefly outlawed. The company will turn on their ATM on Thursday, February 20, at 2pm. This ATM is just the beginning. Robocoin will be EVERYWHERE! Weve just arrived in Texas and have already shipped to Seattle, Washington and Alberta, Canada, said founder Jordan Kelley. Austins Robocoin is going to a really cool location downtown at the HandleBar. We have a bunch more shipping to amazing locations in Canada. Were also still moving forward with Hong Kong, but we underestimated how long the international hardware certification process would take. The enrollment system lets you sell bitcoin using a government ID as well as biometric data which gives Robocoin Operators full customer visibility, trackability and reporting tools to support global compliance, said Kelley. Obviously this may dissuade some of the more paranoid BTC sellers, but that might be the point. Now were building a global infrastructure of passionate and dedicated Robocoin operators who are all fully aligned with the mission of making bitcoin safe and accessible to the masses. Robocoin is completely removing bitcoins barriers to entry and helping bring bitcoin into the real world, he said. The machines are built using bank-grade hardware and n Continue reading >>

What Every Bitcoin Investor Should Learn From A Dictator Named Awesome

What Every Bitcoin Investor Should Learn From A Dictator Named Awesome

Joe Merrill is a partner and CFO at the Linden group of funds Sputnik ATX in Austin, TX. What Every Bitcoin Investor Should Learn From a Dictator Named Awesome Bitcoin investors should learn a lesson from Awesome, a dictator who lost his life introducing the one of the worlds first fiat currencies Bitcoin investors should learn a lesson from Awesome, a dictator who lost his life introducing one of the worlds first fiat currencies. A fiat currency is a form of money to exchange goods and services that has no intrinsic value. For example, a gold coin is not a fiat currency, because it is made of gold, something that has value in, and of, itself. Paper currency, like the US Dollar, is a fiat currency because the note has no intrinsic value. Bitcoin has a lot in common with early fiat currencies, so lets take a second to review fiat currency and take a quick history lesson from one of its early adopters. First off, how does fiat currency get its value? Fiat currency has value when: 3. It can be easily transferred to facilitate economic transactions Right now, Bitcoin meets all three of these standards. There is limited supply due to its unique block-chain encryption standards, people believe it has value from the increasing rate of exchange to the dollar, and it can be transferred easily to facilitate economic transactions using online Bitcoin wallets. So how did fiat currencies get started and what can we learn from these early currencies about the future of Bitcoin? In 1294 Gaykhatu (literally, Awesome in Mongolian) was the leader of one Hoard of Mongols ruling over what is now Iran, Iraq and Southwest Asia. Taking his name a little too literally, Awesome decided that he needed fiat currency like that introduced by his distant cousin Kublai in China. Awesome was in the m Continue reading >>

Bitcoin Was Just Used To Pay For A New Home In Texas

Bitcoin Was Just Used To Pay For A New Home In Texas

Bitcoin Was Just Used to Pay for a New Home in Texas A buyer in Austin, Texas, just purchased a house using only bitcoin for payment. This real estate deal is the first to use solely cryptocurrency, and it illustrates crypto's potential to transform how financial transactions are conducted. Texas-based real estate brokerage firm Kuper Sothebys International Realty has completed the first-ever sale of a real estate property using just bitcoin. The worlds most popular cryptocurrency has long moved on from its shadowy past to become a legitimate currency used to purchase Starbucks coffee , Xbox games , and now, a newly built custom home with grand entertaining areas, a master suite, and a chef-worthy kitchen. The price of the home hasnt been disclosed, but more important than that is the ease of the overall transaction. The buyer simply transferred the bitcoin to the seller, who then converted it into U.S. dollars. In all of my 33 years of closing transactions, I honestly couldnt have expected something so unique to go so smoothly, Kuper Sothebys Sheryl Lowe, the buyers agent, said in a press release . In a matter of 10 minutes, the bitcoin was changed to U.S. dollars and the deal was done! This real estate transaction is further proof that bitcoin isnt a fraud , as some have claimed. Its also another example of the increasing acceptance of cryptocurrencies, whichare poised torevolutionizea variety of industries beyond finance , from transportation to entertainment to politics . Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content. Continue reading >>

Bitcoin And Cryptocurrency Craze - Republic Wealth Advisors

Bitcoin And Cryptocurrency Craze - Republic Wealth Advisors

The cryptocurrency craze is here as Bitcoin is one of the hottest investments of 2017. Demand has driven the value of the approximately 16.7 million bitcoins in circulation to almost $290 billion as of December 11, 2017. That is 18 times the value at the start of the year! The allure of potential riches, the extreme price movement, and the extensive media coverage has left many on the sidelines with a fear of missing out. Others are worried that the skyrocketing bitcoin value will disintegrate much like the dot-com boom or the housing price bubble and are staying away. It is important to understand what bitcoin and other cryptocurrency competitors are, as well as the risks involved in owning coins. The biggest difference between cryptocurrencies and traditional currencies is the lack of a physical version; no physical coins exist. Bitcoin and other cryptocurrencies exist solely on the internet. Bitcoin is not issued or backed by any government or central bank. Its value is based purely on its going market price. The same could be said about investing in gold or precious gems they may have a physical presence but their value is based on what people will pay for them and theoretically could fall to zero. Also similarly, Bitcoins do not offer interest, dividends or insurance protection for owners. The bitcoin, a digital form of cash flow, debuted in 2009. It took a while to catch on, but the trendsetters eventual success bred hundreds of competitors. Bitcoin continues to lead the pack of virtual cash alternatives in market capitalization and adoption. The new currencies use blockchain technology as their backbone. The technology works like a digital public ledger that processes transactions (completed blocks) without a bank or clearinghouse. The buyer and seller interact Continue reading >>

Is Colocation The Right Choice For Bitcoin Mining?

Is Colocation The Right Choice For Bitcoin Mining?

Is Colocation the Right Choice for Bitcoin Mining? So, youve had some success profitably mining bitcoin and other cryptocurrencies. Youve continued to expand your operations, and now youre looking for a space that can offer you all the power and cooling you need as you continue to expand. What could be better than renting space in a data center for bitcoin mining? As it turns out, not all data centers are created equal, and colocation isnt the optimal solution for many bitcoin miners. Heres why: Many colocation providers buildtheir data centers to have redundant power and network feeds, as well as redundant cooling equipment. The purpose of this is to keep IT equipment running at all times, 24x7x365. Building redundancy into data centers is expensive. To put it into perspective, the Data Center Journal estimates a difference of $650 per square foot between building a tier 1 data center (no redundancy) and a tier 4 data center (fully redundant). The Uptime Institute estimates the cost of building a tier 3 data center to be double the cost of a tier 2 data center. In other words, if you place your bitcoin mining equipment in a data center that offers redundancy, youre going to pay significantly more. If you can afford to have your equipment offline for about 24-36 hours out of the year, the cost of colocation in a data center with redundant infrastructure likely isnt for you. Many colocation facilities are built to be highly secure. Data Foundry, for example, employs eight layers of security in many of our data centers. This includes a security booth with 247 security personnel, CCTV cameras, carefully managed video archives, man traps and biometric scanners. This level of security is beneficial for some companies, and necessary for others that must meet certain complian Continue reading >>

Austin Bitcoin For Beginners Training [march 10-25,2018] | Learn Bitcoin |...

Austin Bitcoin For Beginners Training [march 10-25,2018] | Learn Bitcoin |...

This is a bitcoin course for beginners who would like to begin their journey into the exciting world of Bitcoin. This is a Bitcoin 101, an Introductory course. The comprehensive course provides an overview of Bitcoin including its history, evolution and the future, SWOT, advantages, disadvantages of Bitcoin. Bitcoin was developed as a digital currency in late 2008/early 2009 as a measure to counteract and prevent a 2008 like financial crisis in global markets from happening again in the future. Even though there is a lot of hype and volatility around Bitcoin, it is based on very strong and sound technology foundation and it is impacting the world and the global economy in ways never witnessed before. You cannot afford to be ignorant about Bitcoin. The advent of Bitcoin represents an important trend and milestone in the history of this world that should not be missed by anyone who would like to keep up with the changing times we live in. It is better to be educated than not to be when something as important as this new technology is impacting the world, the society we live in, whether we like it or not. Bitcoin Training from professional, highly competent bitcoin technologists will help you understand the underlying mechanisms of Bitcoin transaction systems. Our Bitcoin training is very hands on. We will demonstrate LIVE Bitcoin during this course. What does Bitcoin look like? We will demonstrate how to purchase a small fraction of the Bitcoin. You don't need to purchase 1 Bitcoin which costs thousands of dollars. You will be able to get all your doubts regarding bitcoin clarified. Anyone aspiring to learn about bitcoin can take this the course. Entrepreneurs looking to get into bitcoin business Curiosity, Desire, eagerness to learn about bitcoin. Bitcoin enthusiasts Un Continue reading >>

The Bitcoin Industry Takes Root In Austin

The Bitcoin Industry Takes Root In Austin

Paul Snow, co-founder of the Austin Bitcoin and Crypto-currency Meetup A new industry is brewing in Austin in a back room at Scholz Garten where dozens of people meet regularly to talk about Bitcoins . They are pioneers in the crypto-currency marketplace, founded in 2009 with the birth of Bitcoins. The industry is in its infancy, but gaining in popularity. People all over the world use crypto-currencies to pay for goods and services using computer codes, instead of paper money. The crypto-currencies are not backed by any government, but rely on peer-to-peer computer systems to complete the transactions. Satoshi Nakamoto is the pseudonymous creator of the first Bitcoin in 2009 but little is known about him, including his real name. He left the project a year later. Thats part of the mystery that surrounded Bitcoins initially, said Paul Snow, one of the co-founders of the Bitcoin and Crypto-currency Austin meetup , which has 189 members. They held their first meeting this summer. As Snow explains the industry, other developers took over where Nakamoto left off and Bitcoins have become a widely adopted virtual currency. Its the first global currency that has ever been introduced into the economy, Snow said. But Bitcoins are not without their controversy. They have attracted the interest of the Federal government, which held the first Congressional hearing on the risks and promises of virtual currencies last month. Bitcoins also entered into the global spotlight when the Federal Bureau of Investigations shut down the Silk Road , an illegal online marketplace in October. The Silk Road, which traded in guns, drugs and other illegal goods, ran solely on Bitcoins. Some thought the end of the Silk Road would be the end of Bitcoins. But while the currency took a dip in value, it Continue reading >>

Missouri Senate Candidate Petersen Accepting Bitcoin Donations

Missouri Senate Candidate Petersen Accepting Bitcoin Donations

Missouri Senate candidate Petersen accepting Bitcoin donations Libertarian presidential candidate Austin Petersen speaks to delegates at the National Libertarian Party Convention in Orlando, Fla., on Friday, May 27, 2016. (AP Photo/John Raoux) WASHINGTON Missouri Republican Senate candidate Austin Petersen said Thursday he has accepted bitcoin contributions from about a dozen donors to his campaign, and federal records show his is just one of a handful of campaigns that have accepted donations in the virtual currency. Petersens largest such donation, $500, came from Jon Mohler from Lebanon, Ohio, whom Petersen described as a libertarian supporter of mine. Petersen also said he had to turn down bitcoins from another donor because, at the crypto currencys current value, it reached $20,000, far exceeding the $2,700 limit any individual can give in an election cycle. Petersen said his campaign hopes to receive a new bitcoin donation from that individual that does not exceed the Federal Election Commission limit. Bitcoin is a digital currency not tied to a country or bank whose value has soared in recent days as its been traded on futures markets. Its supporters describe it as an innovative payment network and a new kind of money, and an open-sourced, peer-to-peer global payment system. Its detractors say it is backed by nothing and vulnerable to heavy speculation and risk. Its global nature presents fresh challenges to American election law that bans foreign contributions to politicians, limits contributions and requires donor transparency. But a 2010 Supreme Court decision also opened spigots of large and secret sources of campaign cash to non-candidate political committees. The FEC has determined that campaigns can accept bitcoins under federal law that defines contribut Continue reading >>

First Usa Bitcoin Atms Installed In Boston, Ma And Austin, Texas

First Usa Bitcoin Atms Installed In Boston, Ma And Austin, Texas

First USA Bitcoin ATMs Installed in Boston, MA and Austin, Texas Last updated on January 2nd, 2018 at 12:00 am Finally some positive news for bitcoin the new virtual currency- this week. Bitcoin ATMshave been popping up all over Asia and Europe and its now seems the United States is catching up. A few days ago, the first bitcoin ATM was installed in Bostons busy South Station. The new bitcoin machine, manufactured by New Hampshires Lamassu, Inc. and installed by Boston startup Liberty Teller , is one of the first of a long list of bitcion devices that will be installed nationwide in the next few months. Liberty Teller announced the launch of their first bitcoin ATM in the US via twitter and said they will give away free bitcoins to help encourage a more wider use of bitcoin as an alternative currency. Another bitcoin ATM was also installed earlier today in Austin Texas in adowntown bar, sitting inside of the bars bathroom. This ATM is actually the US first machine even installed in the country. Do you know of any bitcoin ATMin the USA you would like to alert us about? Add them to the discussion below! Continue reading >>

Austin Blockchain Collective Forms To Highlight City's Role In Cryptocurrency Craze

Austin Blockchain Collective Forms To Highlight City's Role In Cryptocurrency Craze

See Correction/Clarification at end of article The world of finance can seem like the Wild West these days with cryptocurrencies raising tens of millions of dollars, all without a central authority calling the shots. But big fluctuations in the price of bitcoin and ether can obscure the promise of the blockchain technology underlying those cryptocurrencies. Blockchain refers to a distributed ledger for tracking data, such as cryptocurrency tokens or even a vote in an election. It has the potential to revolutionize social networks, health care and how consumers pay for items and transfer money. Austin is crafting an increasingly prominent role in the development and adoption of blockchain technology. "I have no idea if cryptocurrency mania is justified, but I am convinced that regardless of the success or failure of crypto as an asset class, there are elements of blockchain tech that will fundamentally change how many industries work," Bret Boyd , a partner in the Grayline consulting firm, wrote in a Feb. 6 email to clients. A group of blockchain companies, investors and allies recently formed the Austin Blockchain Collective to shed more light on the industry, as well as to dispel some of the misconceptions about cryptocurrencies. While membership hasn't been solidified, the group lists about 50 associated companies on its website, from artificial intelligence startup CognitiveScale Inc. to IBM Corp. to Multicoin Capital Management LLC, one of the world's largest cryptocurrency-focused hedge funds with a $100 million pool being raised . Other organizations partnering with the blockchain collective include Capital Factory, TEN Capital Group, Lighthouse Partners and Factom Inc. Go here to see the full list . Two of the collective's founders are Pete Harris , a consultant Continue reading >>

Where Can I Use Bitcoin In Austin, Texas - Stores, Atms | Finder.com

Where Can I Use Bitcoin In Austin, Texas - Stores, Atms | Finder.com

Bitcoin ATMs can process two transactions. Users can either purchase bitcoins or sell their bitcoins for cash. Before proceeding with either transaction, most bitcoin ATMs require identity verification. This could entail a scan of your fingerprint or palm, or mobile verification via a validation code sent to your cell phone. Once youve verified your identity, youll have to scan your wallet QR code or have a wallet generated for you the wallet is where your bitcoins will be stored. Next, insert cash into the bitcoin ATM to have the bitcoins sent to your wallet. Youll receive a paper receipt or the option to email the completed transaction to yourself for confirmation. To sell your bitcoins to a bitcoin ATM, youll need a wallet with bitcoins in it and your wallet QR code. Once you log in to your wallet with your QR code, youll then be prompted to withdraw, sell or receive. Choose the amount youd like to receive in cash and send your bitcoins to the address QR code given by the bitcoin ATM. Your cash will dispense and youll receive a printed or emailed receipt for confirmation. Disclaimer: Coinmap crowdsource map points used under the ODbL. Data on this page last updated 4 January 2018. Want your business listed or see an error? Contribute to the map at Coinmap.org. Continue reading >>

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