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Halong Mining State Of The Art Bitcoin Mining

Halong Mining State Of The Art Bitcoin Mining

The DragonMint 16T miner is the worlds most efficient Bitcoin miner, running faster and cooler than any competing miners. Its the culmination of over 12 months research and development which has resulted in major advancements in mining technology including a brand new generation of ASIC mining chips. The DM8575 ASIC runs at a staggering 85GH per chip with power efficiency of around 0.075J/GH. The DragonMint miner is the first step in a long strategy, which started in December 2016, to bring much needed competition and innovation to the Bitcoin mining arena. Over 100 world class experts and leaders in their respective fields have been contributing to and working on the project, including chip designers, electronics hardware specialists, and software designers. The project is motivated by, and driven to help facilitate greater decentralisation in Bitcoin mining at all levels, and make sha256 great again. Now that we have finished the major prototyping and small run batch zero, we are ready to move onto mass production. This is the first stage of rollout, and simultaneously, relationships are being built with other channels to bring a wide variety of products based on the new ASIC chips. Unlike many other mining projects, the DragonMint is not a design based on simulations. Around $30 million dollars have already been spent on research, development and prototyping miners, writing software and producing small batches of silicon wafers. The time, complexity and cost cannot be underestimated. The next step is mass production. Producing miners from scratch takes around 4 months including manufacturing the silicon chips. We are taking preorders for the next generation miner for delivery starting in March 2018. We would like to see other Bitcoin mining hardware manufacturers co Continue reading >>

Cryptocurrency Backed By Gold Being Developed By Perth Mint To Entice Investors Back To Precious Metals

Cryptocurrency Backed By Gold Being Developed By Perth Mint To Entice Investors Back To Precious Metals

Cryptocurrency backed by gold being developed by Perth Mint to entice investors back to precious metals Australia's biggest gold refiner, the Perth Mint, is developing its own cryptocurrency backed by physical precious metals. The ambitious plan, which is subject to a confidentiality agreement, will make it easier for consumers to buy gold. Audio: Perth Mint chief executive Richard Hayes talks about plans to develop a crypto-gold product(ABC News) The mint also plans to make use of blockchain technology, first used as the core component of the digital currency Bitcoin , where it works as a public ledger for transactions. In the 10 years since its inception, blockchain has been used to track transactions in industries from agriculture to land registration and the music recording industry. For the Perth Mint, the need to bring investors back to precious metals after a boom in alternative investments such as cryptocurrencies posed an opportunity, according to chief executive Richard Hayes. "I think as the world moves through times of increasing uncertainty, you're seeing people look for alternate offerings," he said. "And you're seeing this massive flow of funds into the likes of Bitcoin at the moment because people are looking for something outside of the traditional investments." But Mr Hayes said the volatility of some of the current cryptocurrencies meant they did not suit all investors. And that is where a gold-backed offering may fit. "With a crypto-gold or a crypto-precious metals offering, what you will see is that gold is actually backing it," Mr Hayes said. "So it will have all the benefits of something that is on a distributed ledger that settles very, very quickly, that is easy to trade, but is actually backed by precious metals, so there is actually something Continue reading >>

Bitcoin Budgeting Tool | Mint

Bitcoin Budgeting Tool | Mint

Mint Offers Budget Tools for Tracking Bitcoin Assets Mint Offers Budget Tools for Tracking Bitcoin Assets Bitcoin is an electronic payment system that allows one party to pay another without the involvement of a financial institution like a bank, credit card processor, or online processor like Paypal. Since it's self-governing and outside of any government-regulated currency system, the value of Bitcoin has shown quite a bit of volatility. But people use it for all types of transactions including regular retail transactions at retailers that accept Bitcoin. You can even find Bitcoin ATMs in some places. Coinbase is the largest Bitcoin exchange, where people trade Bitcoin. While some consider Bitcoin as a sort of currency, others consider it as more of a financial asset. Either way, it's important to keep track of it using budget tools. Mint.com is now working with Coinbase to allow people to use Mint budget tools to keep track of whatever Bitcoin they trade on Coinbase. This feature is likely to become increasingly popular as the trading of Bitcoin goes mainstream. Here's what you should know about how that is happening. Brothers Cameron and Tyler Winkelvoss are trying to get approval for the Winklevoss Bitcoin Trust, an exchange traded fund (ETF). An ETF is essentially a mutual fund traded on a stock exchange. A person could, if the Winklevoss Bitcoin Trust gains approval, invest in it, just as she would any other mutual fund. If this happens, personal budget tools like Mint.com will be able to track it alongside other investments. The Winklevosses are also planning to launch an index that tracks the price of Bitcoin. The index, dubbed the "Winkdex" will be used to price the value of the assets held by the brothers' ETF, assuming it gains approval from the Securities Continue reading >>

Bitcoin Newbies Are Getting Crushed As Old Timers Pledge To Hodl

Bitcoin Newbies Are Getting Crushed As Old Timers Pledge To Hodl

After surging to almost $20,000 in December following the introduction of regulated futures contracts in the US, Bitcoin, the worlds largest cryptocurrency has lost more than half its value, plummeting to as low as $7,614 on Friday. Photo: Reuters New York: For Bitcoin investors, these are the times that try ones soul. After surging to almost $20,000 in December following the introduction of regulated futures contracts in the US, the worlds largest cryptocurrency has lost more than half its value, plummeting to as low as $7,614 on Friday. Particularly hard hit are those who got swept up in the mania just before what sceptics ranging from Jamie Dimon to Nouriel Roubini have labelled as one of the biggest asset bubbles in history began showing signs of deflating. Selling by weak hands, as latecomers are sometimes called in the crypto world, contrasts with the view of early advocates pledging to HODLone frenzied traders entreaty to hold onto the tokens during an earlier rout that has become the mantra of Bitcoin purists. Bitcoins rise in mainstream consciousness was brought on in part by retail investors fear of missing out after viewing the approval of futures as an endorsement of the establishment. As more novice investors jumped in, Bitcoin shot above $10,000, then $15,000, then as high as $20,000 on some exchanges, in a span of only a few weeks. Some of Bitcoins biggest backers even warned the euphoria had gotten out of hand. Billionaire Mike Novogratz, who shelved his plans to open a $500 million cryptocurrency hedge fund and instead wants to build a crypto merchant bank, warned that Bitcoin would fall to as low as $8,000. Thomas Lee of Fundstrat said the cryptocurrency would slide to as low as $9,000 before shooting back up. Recent hacks and tightening regulation ha Continue reading >>

Bitcoin Dives To $10,000 As Facebook, U.s., South Korea Crack Down

Bitcoin Dives To $10,000 As Facebook, U.s., South Korea Crack Down

Bitcoin Dives To $10,000 As Facebook, U.S., South Korea Crack Down Bitcoin lost nearly a tenth of its value Tuesday, crashing below the $10,000 level amid new regulatory measures in the U.S. and South Korea and sweeping advertising curbs by Facebook ( FB ). Other cryptocurrencies and Bitcoin- and blockchain-related stocks tumbled as well. Investors were selling a wide range of financial assets Tuesday, including stocks and commodities. X The cryptocurrency plunged 9% to $10,159.60 after hitting an intraday low of $9,810 according to CoinDesk. Bitcoin peaked above $20,000 on CME futures in mid-December.Ethereum also dropped by 8.7% to $1,079.83, while Bitcoin Cash was down 9.7% at $1,494.91. U.S. regulators are investigating one of the world's largest cryptocurrency exchanges and a related company, Bloomberg reported . The Commodity Futures Trading Commission sent subpoenas to virtual-currency venue Bitfinex and the related traded coin Tether last week, Bloomberg said. The firms have the same CEO. There are said to be around $2.3 billion of the Tether tokens outstanding as of Tuesday. Tether claims all its coins are backed by U.S. dollars held in reserve, but has yet to provide conclusive evidence of its holdings. Meanwhile, South Korea's measures to combat money laundering came into effect. The country, a hot spot for cryptocurrency trading, had previously announced the barring of anonymous bank accounts on cryptocurrency exchanges amid money-laundering fears. Facebook is banning all ads touting cryptocurrencies , including Bitcoin and initial coin offerings. The Facebook blog post said the ban, as part of efforts to crack down on "financial products and services frequently associated with misleading or deceptive promotional practices," was "intentionally broad." Bitco Continue reading >>

Uks Royal Mint Launches Gold-backed Cryptocurrency

Uks Royal Mint Launches Gold-backed Cryptocurrency

UKs Royal Mint Launches Gold-Backed Cryptocurrency The UKs Royal Mint has launched its own gold-backed cryptocurrency, Royal Mint Gold (RMG) one coin is equal to one gram of gold. The UK s Royal Mint , the institution responsible for producing all the physical money the country has for circulation, has announced the launch of its own gold -backed cryptocurrency. The Blockchain -based coin, called Royal Mint Gold (RMG), is a digital representation of gold stored in The Royal Mint vault. The Royal Mint Bullion, the Royal Mint company that sells physical gold, is the first company to allow customers to hold gold-backed assets on Blockchain, Tom Coghill, RMGs Commercial Lead, stated in an interview with Express.co.uk . Coghill also mentioned that one RMG coin is equal to one gram of gold, adding that its real gold youre holding when youre holding our RMG. A recent report published by the World Gold Council (WGC) compared Bitcoin and gold, declaring that though Bitcoin saw a higher growth in value in 2017, gold would remain an important store-of-value investment. Coghill claimed that Bitcoin investments are more uncertain than investments in gold: Gold has probably had an argument that its been a store of value for 6,000 years, bitcoins a bit younger and the future of bitcoin is uncertain. The RMG project was first unveiled by the Royal Mint in December 2016. The UK is not the only country to create a precious metals-backed cryptocurrency. Last week local sources in Australia reported that the countrys largest precious metal refinery, Perth Mint, was set to develop its own cryptocurrency backed by physical precious metals. Continue reading >>

10 Physical Bitcoins: The Good, The Bad And The Ugly

10 Physical Bitcoins: The Good, The Bad And The Ugly

10 Physical Bitcoins: the Good, the Bad and the Ugly Sep 14, 2014 at 19:15 UTC|UpdatedSep 15, 2014 at 10:35 UTC Physical bitcoins have been around for years, but they are anything but mainstream and there are very few companies involved in this fledgling industry. Some try to appeal to consumers through quality and the use of precious metals, others offer good designs at relatively low prices, while some offer neither. The market for physical coins is limited and this is a niche for collectors and diehard enthusiasts. Rather than being truly practical, physical bitcoins are usually marketed as conversation pieces, limited series collectibles or 'geek gifts'. The limited size of the industry is a problem, as a number of firms have already gone out of business, while others never even started shipping their products. Many physical bitcoins are limited series affairs, so after a few hundred are produced and sold they simply vanishfrom the market. If beauty is in the eye of the beholder, then, while there are some truly spectacular designs, others may not impress most users. Fraud is another concern, as cases of fake coin sales on online auction sites have been reported in the past, so please exercise cautionand conductextensive research before placing an order. Below are 10 physical bitcoins on the market. We will start with a familiar face and a familiar coin: Mike Caldwell and his Casascius coin.Caldwell started minting his coins a couple of years ago, but late last year he was banned from selling pre-funded coins. The US Financial Crimes Enforcement Network (FinCEN) classified his activities as 'money transmitting' and Caldwell was forced to start selling empty coins. Sales resumed earlier this year and Casascius is currently listingthree coins, along with a gold-plate Continue reading >>

Bitcoin Fever Sparks A Business For Two College Dropouts In Louisville

Bitcoin Fever Sparks A Business For Two College Dropouts In Louisville

How two Louisville college dropouts in their 20s made a mint in Bitcoins Grace Schneider , Louisville Courier Journal Published 11:02 a.m. ET March 29, 2018 | Updated 11:41 a.m. ET April 1, 2018 Two college dropouts in their early 20s, Enrique Rodriquez and Jacob Melin, invest in cryptocurrency and educate others on how to do the same. Astrid Hacker-Louisville Courier Journal Jacob Melin, left, and Enrique Rodriquez are two college dropouts who have scored big with bitcoin. They have started their own company, Crypto Counsulting Group. March 22, 2018. Jacob Melin and his business partner Enrique Rodriquez dont have college degreesor any credentials as investment advisers. Still, the men in their early 20s are gathering a flock, shepherding others in Louisville into the super-new world of bitcoin and other digital currencies. They may seem young, but they are veterans with three years in the emerging phenomenon. And their ace in the hole: Theyve already scored a combined jackpot of nearly $1 million. Its a rough investment world out there, Melin said, sitting at a gleaming granite-topped conference table in leased offices of Crypto Consulting Group . Their goal is to build a business and a community showing others the basic navigation tools. You may like: Everyone is watching Gov. Matt Bevin gain fame in national politics but no one knows why Bitcoin , the best known of the new currencies, is just 10 years old. But it gained global exposure last year when a single coin surged 2,500 percent in value to more than $19,000 last December. Millions of eager investors chasing riches have opened accounts in virtual wallets and begun riding the markets. Bitcoin was first conceived as a way to buy goods and services without dollars, shekels, Euros and credit cards. Over time, it Continue reading >>

Digitalmint - Buy And Sell Bitcoin At Our Atms & On-demand Tellers

Digitalmint - Buy And Sell Bitcoin At Our Atms & On-demand Tellers

We are committed to your privacy. Any information you share with us is encrypted and handled securely. There is more to learn about digital currencies, but don't worry we have you covered. Choose the topic below that meets your interest. We understand bitcoin can be confusing at first. Dont worry were here to help. Our Bitcoin Basic series will get you up to speed in no time! Start it today Did you know Microsoft, Overstock, and Zynga accept bitcoin? Those are just to name a few. Using bitcoin is easy to buy and sell once you have a wallet you trust. Most of our customers use Jaxx or Mycelium BTC wallets. These wallets allow you to store your currency securely and directly on your device. Then your bitcoin is readily available at your fingertips to send wherever youd like! Simply hit send or receive in your wallet and use the unique QR code to securely transact with your bitcoin. Are you a location owner? Interested in growing your revenue? Learn how easy it is to host a Digital Mint service in your location, and how selling bitcoin can increase revenue! Learn more today . Continue reading >>

How To Mine Bitcoins

How To Mine Bitcoins

Twitter Pushes Android App Update To Fix The Me Tab Bug Mining bitcoins a process that helps manage bitcoin transactions as well as create new wealth is the new Beanie Babies. Luckily for us, however, bitcoins seem to be going up in value and should maintain their value over time, unlike your mint condition Tiny the stuffed Chihuahua. But how do you get bitcoins? You can begin by buying them outright, but the market is currently wild. At $188 per coin, the direction of the bitcoin is anyones guess right now and, unlike equities, these things dont split. In short, you should probably mine. But what is bitcoin mining? Think of it as work done by groups of people to find large prime numbers or trying keys to decrypt a file. You can read a lot more about it here but just understand that for every block mined you get 25 coins or, at current rates, $4,722.25. Currently a single bitcoin is valued at $188, an alarming result that is probably caused by money movements related to Cyprus and a general bubble-like excitement over the platform in general. In fact, many wager that the DDOS attacks on many bitcoin-related services are direct action by hackers to inject instability in order to reduce the price. As it stands, mining solo is very nearly deprecated. The process of finding blocks is now so popular and the difficulty of finding a block so high that it could take over three years to generate any coins. While you could simply set a machine aside and have it run the algorithms endlessly, the energy cost and equipment deprecation will eventually cost more than the actual bitcoins are worth. Pooled mining, however, is far more lucrative. Using a service like Slushs pool (more on that later) you can split the work among a ground of people. Using this equation: (25 BTC + block fe Continue reading >>

Sync Your Bitcoin Balances With Mint.com : Bitcoin

Sync Your Bitcoin Balances With Mint.com : Bitcoin

use the following search parameters to narrow your results: include (or exclude) results marked as NSFW Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. If you are new to Bitcoin, check out We Use Coins and Bitcoin.org . You can also explore the Bitcoin Wiki : Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are Continue reading >>

Mintbuilder.com | Graded Mint Coins | Gold & Silver Bullion | Bitcoin | Income Opportunity

Mintbuilder.com | Graded Mint Coins | Gold & Silver Bullion | Bitcoin | Income Opportunity

Build your short, medium & long term wealth by collecting fine Mint Coins at members only pricing & Bullion at cost pricing & earn a great income by showing others how to do the same! MintBuilder.com helps ordinary, busy people (Just like You), make extraordinary incomes and build personal wealth through collecting fine Mint Coins, acquiring Bullion and Bitcoin. "Poor people spend their money and invest what's left. The rich invest their money and spend what's left. Invest your money first, then spend what's left." - Jim Rohn At MintBuilder.com we have developed a unique and proven method for automating your savings in a way that means your savings are unaffected by the volatility of the world's financial markets. Our 'Mint Builders' can earn up to $12,000 per week in daily cycle commissions. Download our compensation plan to find out how. 3 Simple steps to gaining wealth & income ... Download our compensation plan to discover how MintBuilder.com is helping ordinary people like you earn extraordinary incomes from home while helping them to build wealth through Fine Mint Coins, Bullion & Bitcoin Collect Fine Mint Coins each month to build your long term wealth. It's a fact that had you bought just one Mint Coin per month since 1986 you would have a collection that's 'Worth A Mint', well, over $1,000,000 to be exact. By introducing new Members 'Mint Builders' earn ongoing residual commissions on all purchases from their own retail customers and on the purchases of all the Members they have introduced to MintBuilder.com In todays' world the rise of Cryptocurrencies such as Bitcoin have changed the way we use money. MintBuilder.com is ahead of the curve and accepts Bitcoin for all purchases and even pays commissions in Currency or Bitcoin. You Choose! Download the compensa Continue reading >>

How To Add Coinbase To Your Mint.com Budget Tools

How To Add Coinbase To Your Mint.com Budget Tools

If you haven't chosen a bitcoin wallet yet, signing up for Coinbase is easy. It's also free, wherever you are in the world. Coinbase wallets and private keys are stored using AES-256 encryption, plus the site runs entirely over SSL, so you can be confident in the security of your bitcoin wallet. If you don't have a Mint.com account, signing up is easy and free and just takes a few seconds. Now you're ready to track Coinbase using Mint, and you have a suite of great budget tools ready to help you manage your money better. Get started now: Coinbase users, click here to get started with Mint. Sign up for Mint and track all your Coinbase transactions. 1.To hook up Mint with your Coinbase wallet, the first thing you do is sign into your Mint account. 2.Then, click on the "Accounts" button and click on "Add Accounts." It's the same process you use to add a bank account or other account to Mint. 3.Next, find Coinbase by typing it into the Search bar. When Mint brings up "Coinbase," click on it. 4.Finally, you enter your Coinbase API key and click "Add it." That's all there is to it. When you want to track your Coinbase account, you'll find it under "Investments." It will automatically update in Mint just like your bank accounts, credit card accounts, and loans. Plus, you can track your Coinbase performance over time, exactly like you would an investment. Tracking your Coinbase wallet with Mint is convenient, and gives you a more comprehensive grasp on what's going on with your overall financial picture. People are spending bitcoin online and at an increasing number of retailers who accept it, so using budget tools to track where your bitcoin goes only makes sense. Bitcoin as an asset is more volatile than your other investments, and that makes keeping track of it even more pr Continue reading >>

Bitcoin Is Growing; Coinbase & Mint.com Are Ready To Help

Bitcoin Is Growing; Coinbase & Mint.com Are Ready To Help

Buying and cashing out Bitcoin can be complex Adoption among brands is only at the "niche" phase Digital wallets are as-yet unfamiliar technology Regulators aren't quite sure what their role is with respect to Bitcoin But there's no denying Bitcoin is a decentralized, global brand, supported by an organic entrepreneurship ecosystem. And consumers are interested. Startups are using Bitcoin's underlying code for payment verification as well as non-monetary tasks like authentication. These tools could substantially reduce fees now paid by buyers and sellers in ecommerce, financial services, and cloud computing, just to name three. When someone spends bitcoin, the change in ownership is recorded by a global computer network and posted to a public register. Start now: Sign up for Mint and track all your finances including Coinbase transactions. Click to get started . The Underlying Innovation: The Blockchain The blockchain is a building block of Bitcoin. It's designed to validate transactions and could be adapted for any type of exchange, whether it involves a financial transaction or not. Blockchain technology could be used in a range of industries. Once online trust in blockchain technology is established, it could be used to reinvent numerous industries, like digital stocks and bonds, digital crowdfunding, and digital insurance. The possibilities are just beginning to be imagined. A startup called BitShares X is expected to debut in the second quarter of 2014 and, using blockchain technology, will offer users the ability to borrow, lend, trade, and save financial securities of all types from fiat currencies to derivatives without the intermediary of a brokerage or bank. Transactions will be verified publicly, handled by individual users' computers, and will be immune to Continue reading >>

Bitminter - Bitcoin Minting The Easy Way!

Bitminter - Bitcoin Minting The Easy Way!

A closer server can slightly reduce stale (rejected) work. A reject ratio around 0.10% is normal. Check live stats to see your reject ratio in the current shift. If you have firewall issues try port 443 instead of 3333. New users can mine with just the user name. That's because you start out with a worker that has the default setting enabled. To use a specific worker mine with your user name, an underscore, then a worker name, e.g. John_asic3. There is no password check. You can put X or 123 as password. Bitminter is a bitcoin mining pool that aims to make it easy for anyone to make bitcoins. Bitminter is one of the oldest pools. Since we opened in 2011 over 450 000 people have registered accounts with us. We hope that you will join us too! ASICs took over in 2013. Mining one bitcoin with just a PC now takes millions of years. You'll want a 1 TH/s or faster ASIC machine to start a small mining-at-home operation. Have a look at Antminer from Bitmain and AvalonMiner from Canaan . Used ASICs are available at ebay and similar places. Your work is recorded in shifts . When we create a new block you get a share of the income proportional to how much of the work in the last 10 completed shifts is yours. This reward system is known as PPLNS with shifts. 99% of the mining income (including transaction fee income) is paid out to users. Donations are optional and will unlock various perks. You can pay for goods and services with bitcoins. Try the open market OpenBazaar or the freelancer market Rein . Get bitcoin-themed items from BTC Trinkets . Or what about Overstock , Expedia , Mega . Find more with CoinMap or the Bitcoin Wiki . Continue reading >>

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