Bitcoin Plaza

Thursday, August 13, 2015

HashFin Corporation a wholly owned subsidiary of HashingSpace Corporation Launches Bitcoin Mining Pool – HASHPOOL.COM with iOS and Android Apps for Bitcoin Miners

Launched today, HashPool offers both GEO-IP load balanced, Stratum and P2P mining pools and is seeing higher payouts than other leading pools with a more user friendly, intuitive and functional system then seen in rest of the market. HashPool has undergone extensive testing and improves on features from the top 10 current Bitcoin mining pools worldwide. HashingSpace’s mission is to build out key infrastructure for the global adoption of Bitcoin including Bitcoin Mining Farms, ASIC Miner Colocation, ATM’s and Wallets.

WENATCHEE, WA / August 12, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that it has launched a new public Bitcoin mining pool called HASHPOOL. This mining pool is accessible to anyone on the Web, or from iOS and Android devices through the HASHPOOL.COM website or app stores. As an aggressively growing Bitcoin datacenter and hosting company, HashingSpace is excited to bring to its customers a user friendly tool to manage and operate their mining farms.

HashPool has a robust set of features that include:

All Pools are GEO-IP load-balanced for highest efficiency and lowest latency
One node URL will find the closest and lowest latency node with automatic failover
PUBLIC P2POOL – Peer to peer pools all working together to accelerate payouts
PUBLIC STRATUM POOL – For large mining operators
Unified user reporting for all nodes
Web – iOS – Android App ready
DDOS Protected
More Intuitive and user friendly interface
Miner alerts based on Hash power and up/downtime
Robust reporting and analytics
Prompt payouts and rewards
Comprehensive Hashing reports
Seeing higher payouts than other top pools
Hashpool web version is FREE
App for iOS and Android is only $29.95

HashingSpace’s Hashpool is continuing to expand its node capacity around the world. Nodes can currently be found in the following locations based on the lowest latency:

US East N Virginia
US West Oregon
US West N California
EU Ireland
EU Frankfurt
Asia Pacific Singapore
Asia Pacific Tokyo
Asia Pacific Sydney
South America San Paulo

“We are excited to bring to the Bitcoin marketplace what we feel is the most well designed and user friendly mining pool portal and mining pool apps available. This allows our customers to maximize their mining capabilities and increase their profits, I personally used the top 10 pools and took what I felt was missing or was hard to use and built what I believe is the best pool app on the market,”

shared Timothy Roberts, the Chief Executive Officer of HashingSpace Corporation.

“This completes another goal of ours to provide intuitive, convenient, robust and secure bitcoin solutions to the Bitcoin community. We have created a Bitcoin mining App that allows bitcoin miners worldwide to come on board and begin to maximize their mining capabilities. Anyone can purchase the app from the iTunes or Google Play stores and join our public mining pool to increase their profits.”

Mr. Roberts continued,

“Our mining pool has been set up to be conveniently accessed with the HASHPOOL.COM portal and mobile Apps. HashPool is accessible on the Web, and on IOS and Android devices. The mining app is robust with a wide range of data available so that our mining customers can have real time monitoring, alerts, rewards and payout capabilities.”

To visit HashPool please go to www.hashpool.com or www.hashingspace.com

HashingSpace Corporation’s business will provide a wide range of services to include:

· HASHHOSTING             Servers fully managed and specifically set-up for ASIC MINING
· CLOUDHASH                 Cloud mining servers that can be rented with full hashing power
· HASHMINING                Our own Mining Farm
· HASHATM                      Owner and operator of Bitcoin ATM machines
· HASHWALLET                Bitcoin consumer wallet for bitcoin banking and transactions
· HASHPOOL                    Public Stratum and P2Pool (Web/IOS/Droid)
· HASHTICKER                  Free Ticker for tracking Bitcoin Value (Screen Saver/Web/IOS/Droid)
· HASHVAR                        A wholesaler of Bitcoin servers and Bitcoin ATM machines

All company information, including stock trading, filings, and market data related to the company, is reported under the ticker symbol, HSHS.

About HashingSpace Corporation

HashingSpace Corporation is a Bitcoin ASIC mining company, hosting provider, and service provider of blockchain transactional services. HashingSpace’s high density datacenters are designed to meet the demanding power and cooling needs of client hosted Bitcoin mining gear with unparalleled pricing, cooling and green energy. The Corporation is continuing to expand its datacenters to satisfy the shortage of low cost hosting facilities catering to the Bitcoin and blockchain mining and transactional verification services industry specifically.

HashingSpace Corporation manages HashWallet, a Bitcoin wallet; HashPool, a Bitcoin
mining pool; and HashATM, the owner and operator of Bitcoin ATM machines. The company is a wholesaler of Bitcoin mining servers and Bitcoin ATM machines. Bitcoin businesses interested in reselling HashingSpace products and services are invited to reach out to HashingSpace Corporation for more information.

HashingSpace Corporation is headquartered in Wenatchee, Washington. For more information, visitwww.hashingspace.com.

Any unreleased services or features referenced in this or other press releases or public statements may not be currently available and may not be delivered on time or at all. Customers who purchase HashingSpace services should make their purchase decisions based upon features currently available. For more information please visit http://ift.tt/1Bkk5H0 or call 1-855-HASHING (427-4464).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Company Contact:
HashFin Corporation and
HashingSpace Corporation
5042 Wilshire Blvd. #26900
Los Angeles, CA, 90036
855 – HASHING (427-4464)

Investor Relations: ir@hashingspace.com

This press release is for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin Magazine or BTC Media, LLC. Bitcoin Magazine does not certify the accuracy of the above information provided by HashingSpace Corporation.

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Former Qualcomm Engineer on the Future of Bitcoin Mining: Decentralize the Pools

There are plenty of people who believe they can predict the future of Bitcoin, but no one can really say for sure what will happen over the next five to 10 years. Some say that bitcoin will become the new reserve currency of the world, while others say issues involving scalability or regulation will eventually get in the way. Although no one can know what will happen, it’s still useful to analyze where Bitcoin has been, where it is right now, and where it may go in the future.

Dave Hudson, who is vice president of software architecture at Peernova and previously worked at Qualcomm, was recently interviewed on the Epicenter Bitcoin podcast, where he was asked about his thoughts on the future of mining by co-hosts Brian Fabian Crain and Sébastien Couture. Hudson runs one of the most popular Bitcoin mining blogs at hashingit.com.

Mining is Going to Burn a Lot of Energy

Although it’s unclear if the environmental costs associated with Bitcoin mining are something that could threaten the longevity of the network, it’s clear that Hudson takes issue with the amount of energy that is spent on hashing power. These sorts of environmental concerns have inspired researchers to seek out alternatives to proof-of-work, such as proof-of-stake, but it appears that Hudson does not think anybody has found the proper solution. He noted:

“Mining, intrinsically, is something that’s going to burn a lot of energy, so it has some implications because of that. I don’t know of anybody who’s yet come up with a good proposal of how you avoid that as a problem . . . Trying to find solutions to that would be extraordinarily useful.”

Decentralizing Actual Hashing Power is Not the Issue

The centralization of mining power is what many Bitcoin critics point to as the network’s biggest weakness, and the reality is that it’s extremely difficult to tell exactly how centralized mining has become over the years. While it’s easy to find a breakdown of the overall network hashrate in terms of mining pools, figuring out which entities are behind the actual hashing power is much more difficult. Dave Hudson shared his thoughts on hashing power decentralization during the Epicenter Bitcoin interview:

“If you want a network that is largely based on no centralized point of trust within it, there has to be some work done in terms of decentralizing the mining itself. Not actually the hashing — the hashing is actually the least interesting part of the decentralization … The worry right now is it’s very easy for one miner to gain a very, very large share of the total hashrate, and it’d be very difficult for anyone to necessarily know that was happening.”

Mining Pools Need to Become Decentralized

In Hudson’s eyes, it’s clear that the mining pools are the aspect of the mining process that needs to be decentralized:

“There has to be a big push towards decentralizing transaction selection and transaction processing. So this is really down to how the mining pools work, for example. We really need to get to a stage where there are no large mining pools, and that may not be something that is possible within the current Bitcoin network. It may be possible — certainly it’s possible with a hard fork, but I think hard forks themselves are problematic. If you could have a thousand pools, each of which control 0.1 percent of the network and could be demonstrably not actually colluding in some respect, you have a much better decentralized network.”

One of the main reasons it is imperative that mining pools remain as decentralized as possible is that they become an easy attack vector when they control too much of the network hashrate. Mining pools are able to censor transactions, which means they can also be coerced by governments into censoring certain types of transactions.

The point of Bitcoin is supposed to be censorship resistance, and the network begins to lose its core value proposition when the total number of mining pools are limited. In a situation where there are only a handful of mining pools controlling the vast majority of hashing power, it becomes more difficult to see the difference between Bitcoin and PayPal.

Photo BalticServers.com / Wikimedia

‘Innovation is Like Toothpaste: It Can’t be Put Back in the Tube’

CoinTelegraph spoke with Stuart Hoegner, the editor of the book titled “The Law Of Bitcoin” on his experience in being part of the team behind the project as well as his opinion on bitcoin regulation

AUG 13 DIGEST: Windows 10 a Threat to Bitcoin Privacy; Genesis Mining Joins Companies Leaving NY

Windows 10 could be a threat to Bitcoin users’ privacy; Genesis Mining leaves New York over BitLicense; Envestnet acquires Yodlee for US$590 million and more news

LocalBitCoins Stops Service for New York Residents

Peer-to-peer bitcoin exchange LocalBitCoins has joined the exodus of companies exiting the state of New York refusing to comply with the BitLicense.

Wednesday, August 12, 2015

Yodlee Acquired for $590 million in 2nd Largest Fintech Deal of 2015

Financial solutions provider Envestnet has acquired a financial software company Yodlee, a financial data aggregator platform for around US$590 million.

Coinsetter Exchange Applies for BitLicense, Plans to Stay in New York

Just as other exchanges such as Kraken and BitFinex are pulling up roots and leaving New York because of the controversial BitLicense program, New York-based digital currencies exchange Coinsetter has decided to stay and has submitted a BitLicense application to the New York Department of Financial Services.

CEO Jaron Lukasiewicz said that despite reservations, he has decided to bite the bullet.

“We will take a more difficult path in order to make sure New York residents continue to have a high-quality bitcoin exchange available to them,” Lukasiewicz said. “We have had a couple of customers close their accounts in protest to the BitLicense over the past week, but our company has not historically appealed to the anti-regulation crowd in general. As a long time bitcoiner, I certainly understand this sentiment, but as an exchange owner, my regulatory requirements are clear and not something I will avoid.”

JaronLukasiewicz

As was reported by Bitcoin Magazine on Tuesday, digital currencies exchange Kraken became the third company to leave New York over the last two weeks, following the lead of BitFinex, boutique bitcoin exchange Poloniex, and bitcoin peer-to-peer marketplaces Paxful, BitQuick, and Local Bitcoins.

Earlier this year, Erik Voorhees, CEO of ShapeShift.io, stopped serving New York clients, calling the BitLicense requirements “Orwellian” and “just like North Korea.” Bitcoin business Xapo moved its corporate headquarters to Zurich.

Unlike the Winklevoss twins’ Gemini exchange, which has applied for a trust charter and is expected to launch soon, Coinsetter is legally allowed to continue operating during the application review process, and New York residents are able to open an account online.

In May, itBit became the first exchange to win a BitLicense when they were granted a trust company charter from the New York Department of Financial Services.

For smaller digital currencies businesses such as Poloniex, the non-refundable $5,000 application fee as well as a long list of necessary qualifications are formidable and make it even harder for smaller startups to compete against the larger exchanges.

Both MIT’s Digital Currency Initiative and the Washington D.C.-based Coin Center have commented that the onerous regulatory burden placed on New York companies will discourage new innovative startups and create an investment “chill” for digital currencies businesses.

BitQuick and Local Bitcoins Terminate Service in NY due to BitLicense Compliance Costs

The world’s largest peer-to-peer bitcoin marketplace Local Bitcoins and bitcoin marketplace BitQuick have terminated their services in New York due to the strict restrictions and fees demanded by New York’s BitLicense.

Local Bitcoins is a unique case; as every single seller on Local Bitcoins would be required to pay $5,000 to apply for BitLicense. The Local Bitcoins team wrote on their blog:

“From today onwards users from New York are no longer allowed to use LocalBitcoins because of the legislation known as the BitLicense (23 NYCRR 200) which makes it a federal offense to sell virtual currency to people living in New York unless you have applied for the license. This new regulation would require anyone selling Bitcoins through our service to acquire the BitLicense if they sell Bitcoins to residents of New York.”

New Yorkers who have depended on the services of Local Bitcoins would have to cross the river and sell or purchase bitcoin in New Jersey legally.

BitQuick

Boost VC-backed bitcoin trading platform BitQuick has restricted access to New York residents and decided to join Shapeshift and GoCoin’s PleaseProtectConsumers.org campaign. The Please Protect Consumers campaign was first started by Shapeshift to educate the general population about the government’s deep involvement in Bitcoin, privacy and security.

“The fee and the compliance costs are just the start,” Jad Mubaslat CEO and founder of BitQuick told Bitcoin Magazine “No doubt those two things make it a deal killer for any small startup, but even putting that aside, this sets a dangerous precedent to other states. If every state did what New York did, it’d be $250,000 just to apply to do business in the United States. No American wants that.”

BitQuick said that the regulations and restrictions set for digital currency startups in New York is overbearing compared to the size of the Bitcoin industry. The worst part, BitQuick and Shapeshift say, is that the government is trying to get hold of sensitive customer data of all exchanges. Such storage of data leaves sensitive customer information vulnerable to data breaches and hacking attacks.

“Even multinational companies and trillion-dollar governments have been unable to build a track record of data security,” the Please Protect Consumers campaign states. “Consider that in America alone, identity theft resulting from these treasure troves of personal data caused over $24 billion in losses to consumers and businesses in 2012, compared with only $14 billion for all household burglary, vehicle and property theft combined.”

Once exchanges begin to store sensitive customer data for every transaction/trade, they’d have to build separate storages to keep such data for government agencies and law enforcements to retrieve.

CoinSetter Settles

While eight bitcoin startups have already left New York, one bitcoin exchange, CoinSetter, has decided to meet every requirement of BitLicense.

Almost every startup in New York has left or is planning to leave the state due to BitLicense. By submitting to BitLicense, CoinSetter hopes to remain as the only “legal” and “licensed” bitcoin exchange in New York to serve bitcoin users abandoned by their previous bitcoin exchanges/startups.

“While we serve a global user base of bitcoin traders, New York has long been Coinsetter’s home,” Coinsetter CEO Jaron Lukasiewicz said. “We are happy to announce that Coinsetter will continue to be headquartered in New York City, a global capital of banking and financial technology, and to serve customers throughout New York State.”

Bitcoin Transaction Tracking Startup SABR Claims Its Technology Could Have Caught DPR Easily

The increase in bitcoin ransom demands and hacking incidents have alerted international law enforcement agencies and governments about the involvement of bitcoin in illegal activities. This week, bitcoin startup SABR has raised $1 million USD in an early seed funding round for its blockchain monitoring and identification system.

As a consultation-like service, SABR will work with law enforcement agencies to track down bitcoin transactions, how they’re being spent and who owns them. The company stated that its patented technology, data and partnerships enable it to fully track down information about a single or a series of transactions.

“SABR integrates data from multiple blockchains, as well as other public and proprietary sources,” the SABR team explained. “SABR’s unique position and partnerships within the network underlying the decentralized digital currency ecosystem provides access and insight otherwise inaccessible.”

The team added that following bitcoin transactions is not an efficient method to track down payments, as bitcoin creates a “blind spot.” SABR claimed that its technology could have found the Dread Pirate Roberts, the administrator of the Silk Road, in a few days, instead of the years of covert investigations by the U.S. Govenment.

According to Venturebeat, SABR has already begun to attract the attention of the “U.S. Department of Justice, the White House, and other federal agencies.”

All of SABR’s clients, individuals or organizations will be assigned SABR engineers and experienced data analysts and develop a close working relationship to ensure that its clients are efficiently using the SABR software, according to the company.

Visa to Deploy Blockchain Research Team in Bangalore, India

In June Bitcoin Magazine reported that the top three credit card companies – American Express, MasterCard and Visa – are exploring uses of Bitcoin and the blockchain technology. They can see the threat from blockchain fintech, and are considering ways to integrate selected aspects into their own operations. In related news reported in July, Visa participated in a funding round for Bitcoin-friendly payment processor Stripe, which valued Stripe at $5 billion.

Now it appears that Visa, the world’s largest payment network, will soon deploy a team of developers in Bengaluru (Bangalore), India, to use blockchain technology to improve its digital payments processes, Live Mint reports.

“For now, the focus of this technology innovation center will be on Visa Checkout and mVisa (Visa’s two new digital mobile payment products), but for certain, India will soon have teams that will jointly work with our two research labs in U.S. and Singapore in studying the many aspects of blockchain,” said Rajat Taneja, executive vice-president of technology at Visa.

Last week Visa announced the opening of its new technology development center in Bangalore, which will host 1,000 fintech engineers and play a central role in the company’s efforts to accelerate digital commerce globally. As part of the opening ceremonies, Visa announced mVisa, a new mobile payment service that will be tested this summer with merchants across the Bangalore region and with customers of Axis Bank, HDFC Bank, ICICI Bank, and SBI (State Bank of India).

“India has fast become one of the world’s most important technology epicenters with an incredible pool of technology talent,” said Visa CEO Charlie Scharf. “Our new center in Bangalore, which complements others planned for Singapore and the U.S., will help Visa to accelerate the development of next-generation payment solutions that enable secure, digital commerce through connected devices like mobile phones, PCs, tablets and even cars.”

Considered the innovation hub of India, Bangalore, which was selected in November to host Visa’s technology center in that country, offers Visa the ability to attract world-class talent in a thriving community with world-class innovation centers and technology facilities.

Other Indian technology companies, such as Tata Consultancy Services and Infosys, have invested in blockchain technology. In fact, almost a third of the work done by Indian IT firms is for global banks, and many global banks are trying to jump on the blockchain bandwagon before it’s too late. Visa itself, which outsources part of its technology development to Infosys and other Indian firms, said it is open to working with some of them on blockchain-related developments.

In April Visa hired former Google scientist Min Wang to lead the research teams from its San Francisco office. “Digital commerce is rapidly evolving due to the introduction of new technologies,” said Taneja. “I am excited to expand our technology research efforts and have Min lead Visa Research Labs.”

Taneja added that Visa’s technology research effort has the potential to transform the lives of millions of unbanked consumers by finally providing them with access to secure digital commerce.

HashPlex Unveils Lightning Network Implementation

Lightning Network is a proposal for an off-blockchain network that would support super-fast transactions and boost Bitcoin scalability.

Bitcoin and Blockchain Leader HashingSpace Secures Accounting and Consulting Services from Urish Popeck

HashingSpace Corporation (OTCQB: HSHS) announced today that it has secured the services of Urish Popeck & Co., LLC. a PCAOB-registered regional public accounting firm. HashingSpace’s mission is to build out key infrastructure for the global adoption of Bitcoin and Blockchain services with hosted ASIC mining.

WENATCHEE, WA / August 11, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that the company has retained the services of Urish Popeck & Co., LLC, a full service certified public accounting and consulting firm.

Urish Popeck is registered with the Public Company Accounting Oversight Board (PCAOB). They have demonstrated excellence in providing services in the areas of assurance, tax and consulting to growing companies.

“I was pleased to have reached an agreement with Urish Popeck to provide their experience in accounting and consulting to our company” stated Timothy Roberts, CEO of HashingSpace Corporation. “Urish Popeck has a history of being a provider of quality advisory services to publicly traded companies. Our shareholders can feel confident knowing we have obtained a high caliber assurance, tax and advisory firm.”

“We are excited about the opportunity to work with a talented entrepreneur like Tim Roberts and an innovative and growth-oriented company like HashingSpace.” stated David Ritzert.

HashingSpace Corporation’s business will provide a wide range of services to include:

· HASHHOSTING          Servers fully managed and specifically set-up for ASIC MINING
· CLOUDHASH              Cloud mining servers that can be rented with full hashing power
· HASHMINING             Our own Mining Farm
· HASHATM                   Owner and operator of Bitcoin ATM machines
· HASHWALLET             Bitcoin consumer wallet for bitcoin banking and transactions
· HASHPOOL                 Public Stratum and P2Pool (Web/IOS/Droid)
· HASHTICKER               Free Ticker for tracking Bitcoin Value (Screen Saver/Web/IOS/Droid)
· HASHVAR                    A wholesaler of Bitcoin servers and Bitcoin ATM machines

All company information, including stock trading, filings, and market data related to the company, is reported under the ticker symbol, HSHS.

About HashingSpace Corporation

HashingSpace Corporation is headquartered in Wenatchee, Washington. For more information, visitwww.hashingspace.com.

HashingSpace Corporation
5042 Wilshire Blvd. #26900
Los Angeles, CA, 90036
855 – HASHING (427-4464)

Investor Relations: ir@hashingspace.com

About Bitcoin PR Buzz: