The days of Mt. Gox are long behind us, and with the slaying of the giant, there was plenty of room for competitors to fill the void and spread the wealth. The scope is brought home when you see the G
Thursday, November 20, 2014
The Future of Bitcoin Trading
The days of Mt. Gox are long behind us, and with the slaying of the giant, there was plenty of room for competitors to fill the void and spread the wealth. The scope is brought home when you see the G
Bitspark: World’s First End-to-End Bitcoin Remittance
Hong Kong-based Bitspark has just announced the world’s first end-to-end cash remittance service that’s transferred via Bitcoin using ReBit. The service caters to Hong Kong’s large population of Filip
Bankrupt Detroit Held Hostage by Cybercriminals
The American city of Detroit has been suffering serious financial problems for a number of years, and now it seems to be under attack by cybercriminals, as well.
Now You Can Buy Movie Tickets for Bitcoin with FlixForCoins
Going only by the name Richard, a computer science student attending Mount Royal University in Canada has launched FlixForCoins.
You’ve Been Lied to About Net ‘Neutrality’ (Op-Ed)
There are three problems that surround this debate, and each problem comes from a different group:
Bitcoin Exchange Igot 'Taking Remittance to the Next Level,' Expanding to Egypt and Saudi Arabia
Australia headquartered Bitcoin exchange Igot, experiencing rapid growth, planning to launch in Saudi Arabia and Egypt in December.
Wednesday, November 19, 2014
ZeusHash Bitcoin And Litecoin Cloud Mining Platform Announces Gridseed Partnership And Generous Thanksgiving Promotion
Bitcoin Press Release: Hong Kong based Bitcoin and Litecoin cloud mining provider ZeusHashhas announced an exciting new partnership with Gridseed and is offering reduced cloud mining prices and giveaways to celebrate Thanksgiving.
After intensive top-level talks ZeusHash is excited to announce a new partnership with reliable Litecoin hashrate supplier Gridseed: one of the largest and most successful Scrypt miner producers in the world. This long-term strategic partnership will undoubtedly build the strongest alliance for Litecoin cloud hashing with the lowest prices – supported by the unbeatable success in developing Scrypt miners of both Gridseed and ZeusMiner. The partnership aims to provide customers with the best and most affordable Litecoin cloud hashing services in the world:
“We will carry out in-depth and extensive cooperation in Scrypt hashrate delivery and also technology” Says Frank Lee, CEO of Gridseed.
With the Scrypt-based hashrate provided by ZeusMiner and Gridseed, two giant Scrypt miner producers, ZeusHash is able to lower their overall costs gradually by introducing new and cheaper hashrates. Effective immediately maintenance fees will be cut to just $0.058 per Mh/s.
From Nov. 17th to Nov. 27th which is Thanksgiving Day, ZeusHash are introducing a very attractive promotional price set. 1 to 9.9 Litecoin cloud mining Mh/s can be purchsed for $15.99 per Mh/s, 10-49.9 Mh/s can be bought for $13.99 per Mh/s, 50-399.9 Mh’s can be bought for $12.99, 400-999.9 Mh/s can be purchased for $11.99 while greater than 1 Gh/s can be bought for just $10.99 per Mh/s.
Since it’s Thanksgiving, ZeusHash wants to give back to their previous customers. For those who bought any type or amount of Hashrate with ZeusHash before Nov. 17th, 2014 (GMT), during the promotion, they will win free HashBuffs. When previous clients make a new order, a random HashBuff will be allocated to their account and take affect immediately. It applies to customer’s first 3 orders of Mh/s every day during the promotion.
With their new partnership with Gridseed, ZeusHash are able to establish the strongest alliance ever in the cloud mining industry. More sustainable and cost-efficient cloud hashing power will be introduced to all ZeusHash users.
About ZeusMiner and ZeusHash:
Hong Kong based ZeusMiner is one of the largest distributors and retail sellers of Litecoin and Bitcoin ASIC mining hardware worldwide. With datacentres spanning the globe clients worldwide can also cloud mine Bitcoin and Litecoin with ZeusMiner’s in-house cloud mining platform ZeusHash.
Having recently announced partnerships with ASICMiner, Rockminer, XBTec last week and now Gridseed – ZeusMiner has also started to work with Bitmain and sell their innovative liquid cooled Antminer C1.
ZeusHash offers reliable, scalable and affordable Bitcoin and Litecoin industry grade cloud mining infrastructure. Moving forward ZeusHash aims for more industry partnerships, continued scaling of mining infrastructure, and many more promotions – to continue to provide industry leading Bitcoin and Litecoin cloud mining.
To learn more please go to: http://zeushash.com
ZeusHash on Facebook: @ZeusHash
ZeusHash on Twitter: @ZeusHash_Zeus
Media Contact:
Name: Fei Hong
Email: info@zeushash.com
Get your own professional Bitcoin press release:
http://ift.tt/1k6PqPE services?bitcoinmagazine
Announcing Solar – A Step Change In Processing Capability
Announcing Solar – A Step Change In Processing Capability
The 16nm FinFET Solar chip will hit markets in early 2015.
We were the first in the world to deliver 28nm and 20nm Bitcoin chip technology and we’re still the only producer capable of delivering 20nm tech in the Bitcoin space. We’ve been aiming for the next step for some time and as the most important contracts in this process have been finalized we can now proudly announce our active move down to the 16nm node with our new upcoming mining platform Solar – to be deployed in early 2015.
The intellectual property involved in the new 16nm process represents a step change in processing capability as we’re using several proprietary techniques developed in-house to reach speeds on an order of magnitude above today’s levels.
We expect our implementation of the new 5000+ core Solar 16nm (FinFET) processor technology to deliver at least a six-fold increase in performance compared to our previous generation hardware (at 20nm) – achieving 0.07 w/GHs.
As this level of tech comes on-stream we will be able to offer cloud services as well as hardware at performance and price levels very hard to match by the competition. However, due to a rapidly shifting landscape within the mining industry we’re not able to announce single hardware products in the Solar range for online purchasing just yet. We’ll update this space as soon as more info on the matter becomes available.
For media enquiries please contact press@kncminer.com
Best,
The KnC Team, November 19, 2014, Stockholm
Copyright © 2014 KnCMiner, All rights reserved.
Tell CoinTelegraph Your Banking Horror Stories by November 28 and win 3BTC!
CoinTelegraph and ShapeShift have launched a competition for the best anecdotal banking horror stories – it’s your chance to vent your anger and win 3BTC into the bargain!
British Parliament to Debate Money Creation
Money creation may well be the biggest economic issue of our times. The way that new money is created has a massive impact on our entire economy and, in fact, it would not be an exaggeration to suggest that it is the defining characteristic of our economic system.
Across the world, in all of the major economies, money creation is dominated by banks. Despite the fact that ‘fiat money’ – the dollars, pounds or euros in our pockets – is backed by our governments as the official currency we are supposed to use, the government has no involvement in its creation.
This comes as a surprise to many people. We naturally assume that money creation is handled by some national agency operating purely in the national interest. But in fact, the vast majority of money is created by commercial, profit making banks who do it in order to make themselves wealthy. The Bank of England explains this succinctly:
“Commercial [i.e. high-street] banks create money, in the form of bank deposits, by making new loans. When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created.” (Money creation in the modern economy).
So banks effectively create money out of thin air and then treat it as if it belongs to them, lending it out to customers and charging interest to make a profit. A smaller part of the money supply is also created by central banks, such as the Federal Reserve in the United States. These central banks are independent of government, but are not independent of the banking sector – in fact central banks are jointly owned by groups of large commercial banks.
The upshot of all this is that there is no pressure or impetus for money creation to be handled in a way that is in the national interest of the public, but a strong pressure for it to be handled in a way that is in the interests of the banking sector. Banks profit handsomely, not only by being given free money to lend out, but also by being the first to access that capital before its introduction into the economy causes inflation (reducing the value of each unit of currency in circulation). Meanwhile the rest of us only get one thing out of this relationship – debt. Every dollar or euro in our economies represents a debt which somebody must repay to the banks with interest. This is a debt which we can never repay. Because every single dollar in the US economy, for example, is owed to the banks with interest, this means that if every citizen in the country were to give every penny they own to the banks, they would still not have repaid the whole debt. The banks literally own our entire economy plus a little bit more.
The problem of money creation being run by the banks, in the interest of the banks, whilst pushing the rest of us further and further into a debt which can never be repaid, is well known within the Bitcoin community. In fact the dream of building a currency whose creation is controlled and owned by the people, for the people, and which does not create a corresponding debt burden, is a big part of what makes Bitcoin so special to so many people.
But Bitcoiners are not the only ones who see a problem with money creation as it is today. The Positive Money campaign in the UK has been petitioning the government on these issues for a long time. They are calling for three things:
1. Take the power to create money away from the banks, and return it to a democratic transparent and accountable process
2. Create money free of debt
3. Put new money into the real economy rather than financial markets and property bubbles
After a great deal of effort the Positive Money campaign has succeeded in getting enough political support for a back bench debate in the British parliament on money creation on November 20th. This is a small victory which will almost certainly turn out to be purely a ‘talking shop’ which will not lead to any real change. But it is at least a starting point which may help to educate our political class about the importance of this issue, and which may even help them to understand the huge promise behind Bitcoin.
If you live in the UK and would like to find out how to contact your MP to find out if they are attending and to let them know how important this issue is, and how Bitcoin can help, you can find a list of MPs’ office phone numbers here. You may also like to help the Positive Money campaign to raise the profile of this cause with our leaders in the future by signing their petition.
Ethereum's Vitalik Buterin Wins World Technology Awards Victory Over Mark Zuckerberg
Vitalik Buterin has been awarded the prestigious IT software prize at the 2014 World Technology Awards, beating out the likes of Mark Zuckerberg and others.
Internet Gambling Ban: Bitcoin Boom or Bane?
It would be difficult to find a nonpolitician to agree that the United States has anything close to a functional Congress. The conservative wave that seems to be sweeping the United States political w
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