Coin News

(1) Bitcoin was worth $1135 at the end of 2103. (2) Bitcoin value has been in free fall since Christmas. These two facts are often quoted, and although both are largely, technically, true, the majority of people quoting them fail to place the statements in the correct context. Bitcoin is on the rise and everyone […]

The post Bitcoin: The Pheonix Rises appeared first on CryptoCoinsNews.

The Bitcoin Job Fair will take place in Silicon Valley for those seeking employment in the cryptocurrency industry.

Wearable technology and bitcoin could reinvigorate the mobile payments industry, but a number of challenges need to be addressed.

Dogecon, new GPUs and the potential future of payments – these and more in this week's All Things Alt.

For Pt. 1 of this interview, click here! How many people are in 112bit, are you doing it alone or do you have a team? There is a girl who does orders and such, and I do sales and more with the help from another guy. We are looking to add more people especially in […]

The post Pt. 2 How Bitcoin changed Juan Garavaglia’s life and what will decide the Bitcoin price in the future appeared first on CryptoCoinsNews.

Following yesterday’s statement from LocalBitcoins regarding issues with its wallet service, the website has released its follow-up investigation report. The report focused in part on claims that the site’s two-factor authentication failed to prevent a wallet breach. LocalBitcoins also addressed the cause of withdrawal delays that took place as users tried to move their bitcoins […]

Why does Ron Paul think Bitcoin does not fit the definition of money? This question was originally answered on Quora by Ron Paul.

More than a few easter eggs in our bitcoin ATM coverage as we spin around the world this week.

How specific words and phrases are being crafted in an attempt to shape the public's perception of bitcoin.

The Law Society is urging people to leave instructions for their intellectual property and digital media in their wills.

Written by Ivan Raszl,GM of MediaBistro, blogger at Bitcoin Owl and associate at Inside Bitcoins Conference. Originally posted at http://bitcoinowl.com/everything-starting-fall-place-bitcoin Bitcoin is a fairly new phenomena. Nobody at this stage can be sure if it will survive its infancy. But, if we look at the major issues and opportunities surrounding this new technology the signs seem to be all aligning for an exciting two years. Developing world joining Bitcoin‘s adoption in the West may be considered slow considering the advantages it offers. And there is a good reason for this. Most westerners in general do not need Bitcoin. We have a fairly good banking system and we can afford the costs associated with it. We accept the yearly $100-200 bank […]

The post Everything is Starting to fall in place for Bitcoin appeared first on Bitcoin Magazine.

Former employees of Neo & Bee have given their explanation on the demise of the Cyprus-based bitcoin company.

We have received a lot of comments on the new Bitcoin symbol Ƀ that has been proposed to take over the well known ฿ by Bitcoin Symbol.org Reddit users have shown their dissatisfaction on multiple reddit threads including up-voting a recently written piece by CCN’s Caleb Chen: Caleb wrote: A group of industry leaders, including […]

The post Let’s settle this now – Vote for which Bitcoin Symbol you want appeared first on CryptoCoinsNews.

US Congressman Ron Paul doesn't believe bitcoin is ‘true money’, but he's still a big fan of the concept.

Find out our top bitcoin stories from the past seven days in this week's video roundup.

Alors que la Chine semble de plus en plus restreindre le trade et l’utilisation du Bitcoin sur son territoire, OKCoin annonce l’arrivée prochaine de son distributeur automatique Bitcoin et BTC China officialise son application web “Picasso ATM”.   Restrictions chinoises Il y a maintenant 3 semaines, le site d’information chinois Caixin, annonçait une nouvelle restriction […]

The post Chine: OKCoin annonce l’arrivée d’un distributeur automatique Bitcoin, BTC China officialise son application web Picasso ATM appeared first on CryptoCoinsNews.

As many in the Bitcoin community know, Electrum is an extremely fast and lightweight bitcoin client. Unlike Bitcoin Core (formerly known as Bitcoin-QT) and other desktop clients, Electrum does not need to download the entire Bitcoin blockchain. Instead, the application relies on several public servers that make the wallet so fast and lightweight. Furthermore, Electrum protects users from […]

The post Litecoin Developer Ports Electrum to Work With LTC appeared first on CryptoCoinsNews.

As many in the Bitcoin community know, Electrum is an extremely fast and lightweight bitcoin client. Unlike Bitcoin Core (formerly known as Bitcoin-QT) and other desktop clients, Electrum does not need to download the entire Bitcoin blockchain. Instead, the application relies on several public servers that make the wallet so fast and lightweight. Furthermore, Electrum protects users from […]

The post Litecoin Developer Ports Electrum to Work With LTC appeared first on CryptoCoinsNews.

If there is one United States politician who has shown his appreciation to cryptocurrencies, it is Ron Paul. The former Republican presidential candidate and congressman has always believed in the concept. He even got a cryptocurrency named after him. After remaining silent for quite a while on the subject, he popped up this Wednesday, answering a […]

The post Ron Paul does not think of Bitcoin as ‘true money’ appeared first on CryptoCoinsNews.

Whether you think bitcoin is an incredible advancement, or just a weird Internet fad, it has been very, very good for a Stockholm-based company called KnCMiner.

That's because KnCMiner makes special computers that "mine" these coins. That's the process that creates the cyber-money. 

There are even bitcoin alternatives. In less than a month, KnCMiner sold $12 million worth of a new special computer, called the Titan, which mines bitcoin alternatives that are based on the cryptographic program called scrypt, co-founder Sam Cole tells us.

Scrypt is responsible for currencies like Litecoin, Dogecoin, Iceland's Auroracoin, even Stalwartbucks, a Dogecoin clone created by Business Insider's own Joe Weisenthal. Dogecoin started as a joke but became a real thing last year, a popular way to give someone a tip.

The company raked in the first $4 million just hours after the machine went on sale, Cole says. And that beats its sales last November, when KnCMiner sold $3 million worth of bitcoin-mining computers in just four days.

Mining these coins involves solving a series of difficult cryptography math problems. The typical home PC doesn't have the computational power to do that, hence the need for specially designed computers. These computers do only one job: mine for coins.

It's become a serious business. A bitcoin-mining machine will set you back about $3,500 to $6,000; the Titan costs almost $10,000. (The team is working on a less expensive version of the Titan, too, that will cost a mere $5,500.)

Cole says the company generated $45 million in sales in 2013. So with 2014 sales so far, KnCMiner has brought in $57 million in about 16 months.

And yes, it does accept payment in bitcoin – and Litecoin, too. These computers are supposed to literally pay for themselves.

Join the conversation about this story »

Whether you think bitcoin is an incredible advancement, or just a weird Internet fad, it has been very, very good for a Stockholm-based company called KnCMiner.

That's because KnCMiner makes special computers that "mine" these coins. That's the process that creates the cyber-money. 

There are even bitcoin alternatives. In less than a month, KnCMiner sold $12 million worth of a new special computer, called the Titan, which mines bitcoin alternatives that are based on the cryptographic program called scrypt, co-founder Sam Cole tells us.

Scrypt is responsible for currencies like Litecoin, Dogecoin, Iceland's Auroracoin, even Stalwartbucks, a Dogecoin clone created by Business Insider's own Joe Weisenthal. Dogecoin started as a joke but became a real thing last year, a popular way to give someone a tip.

The company raked in the first $4 million just hours after the machine went on sale, Cole says. And that beats its sales last November, when KnCMiner sold $3 million worth of bitcoin-mining computers in just four days.

Mining these coins involves solving a series of difficult cryptography math problems. The typical home PC doesn't have the computational power to do that, hence the need for specially designed computers. These computers do only one job: mine for coins.

It's become a serious business. A bitcoin-mining machine will set you back about $3,500 to $6,000; the Titan costs almost $10,000. (The team is working on a less expensive version of the Titan, too, that will cost a mere $5,500.)

Cole says the company generated $45 million in sales in 2013. So with 2014 sales so far, KnCMiner has brought in $57 million in about 16 months.

And yes, it does accept payment in bitcoin – and Litecoin, too. These computers are supposed to literally pay for themselves.

Join the conversation about this story »

Whether you think bitcoin is an incredible advancement, or just a weird Internet fad, it has been very, very good for a Stockholm-based company called KnCMiner.

That's because KnCMiner makes special computers that "mine" these coins. That's the process that creates the cyber-money. 

There are even bitcoin alternatives. In less than a month, KnCMiner sold $12 million worth of a new special computer, called the Titan, which mines bitcoin alternatives that are based on the cryptographic program called scrypt, co-founder Sam Cole tells us.

Scrypt is responsible for currencies like Litecoin, Dogecoin, Iceland's Auroracoin, even Stalwartbucks, a Dogecoin clone created by Business Insider's own Joe Weisenthal. Dogecoin started as a joke but became a real thing last year, a popular way to give someone a tip.

The company raked in the first $4 million just hours after the machine went on sale, Cole says. And that beats its sales last November, when KnCMiner sold $3 million worth of bitcoin-mining computers in just four days.

Mining these coins involves solving a series of difficult cryptography math problems. The typical home PC doesn't have the computational power to do that, hence the need for specially designed computers. These computers do only one job: mine for coins.

It's become a serious business. A bitcoin-mining machine will set you back about $3,500 to $6,000; the Titan costs almost $10,000. (The team is working on a less expensive version of the Titan, too, that will cost a mere $5,500.)

Cole says the company generated $45 million in sales in 2013. So with 2014 sales so far, KnCMiner has brought in $57 million in about 16 months.

And yes, it does accept payment in bitcoin – and Litecoin, too. These computers are supposed to literally pay for themselves.

Join the conversation about this story »

Whether you think bitcoin is an incredible advancement, or just a weird Internet fad, it has been very, very good for a Stockholm-based company called KnCMiner.

That's because KnCMiner makes special computers that "mine" these coins. That's the process that creates the cyber-money. 

There are even bitcoin alternatives. In less than a month, KnCMiner sold $12 million worth of a new special computer, called the Titan, which mines bitcoin alternatives that are based on the cryptographic program called scrypt, co-founder Sam Cole tells us.

Scrypt is responsible for currencies like Litecoin, Dogecoin, Iceland's Auroracoin, even Stalwartbucks, a Dogecoin clone created by Business Insider's own Joe Weisenthal. Dogecoin started as a joke but became a real thing last year, a popular way to give someone a tip.

The company raked in the first $4 million just hours after the machine went on sale, Cole says. And that beats its sales last November, when KnCMiner sold $3 million worth of bitcoin-mining computers in just four days.

Mining these coins involves solving a series of difficult cryptography math problems. The typical home PC doesn't have the computational power to do that, hence the need for specially designed computers. These computers do only one job: mine for coins.

It's become a serious business. A bitcoin-mining machine will set you back about $3,500 to $6,000; the Titan costs almost $10,000. (The team is working on a less expensive version of the Titan, too, that will cost a mere $5,500.)

Cole says the company generated $45 million in sales in 2013. So with 2014 sales so far, KnCMiner has brought in $57 million in about 16 months.

And yes, it does accept payment in bitcoin – and Litecoin, too. These computers are supposed to literally pay for themselves.

Join the conversation about this story »