At this point, you probably have a working understanding of what bitcoins are (at the very least your handle of bitcoins is like how you can kinda, sorta explain why the sky is blue to a child). But how does an actual transaction with bitcoins work? That's a bit more complicated. Read More >>
Featured comment by ItsDom:
"C'mon guys, what happened to decent referencing? The source you give there is not even secondary, it's like a millionary. Following the trail through ..." More »
Featured comment by jkne:
"They could but by the time it was manufactured and ready to switch on, multi-millions worth of mining rigs on pre-order would already be delivered and..." More »
A good Bitcoin mining rig is hard to find. They're expensive, they take up space, they wrack up huge energy bills. Not at all practical for your average ESEA gaming network employee. Nefarious code that turns 14,000 of your users into an unwitting personal bitcoin botnet? Totally doable. Read More >>
Featured comment by Will--:
""and either twice or half that tomorrow, given the viscosity of Bitcoin"
Yes bitcoins are very viscous aren't they.
*facepalm*" More »
We've already explained everything there is to know about Bitcoins and Bitcoin mining, except the most important question that homeowners across the country are asking: how many Bitcoins can I get for my house? Read More >>
Featured comment by chkenwing:
"My house is worth more than Bitcoins will ever be. I just don't agree to a something that technically isn't a "standard" currency." More »
Bitcoin! It's everywhere right now. Its value is dropping, spiking, dropping again. More and more new converts are hopping in, buying a few coins and trying their hands at the market, looking to make a quick buck with a profitable exchange. But all the while, there's an ever-dwindling army of specialists working in the shadows, painstakingly extracting more and more digital doubloons from the cryptographic static. Read More >>
Featured comment by baystar:
"Am I the only person that still doesn't understand Bitcoin? I've read dozens of articles about it, it just makes no sense to me!" More »
Ah digital currency. It's all in our collective hive-mind right? Coming and going in bits and bytes. Nothing to see here. So why is a hacking process called "Bitcoin mining" using £95,000 worth of electricity a day? This had better be good. Read More >>
Maybe you've heard of Bitcoin—it wants to shake the entire global economy, and has become the financial bubble du jour with a skyrocketing value. It's online money—an alternative to pounds and euros. Well what's that mean? It's complicated, but we break it down. Read More >>
Featured comment by mark.tey.315:
"I wanted to buy Bitcoins here, in the UK, directly without intermediators on ebay or other middle men (because fees are huge), and I found it very dif..." More »
What is a bitcoin? Like exactly? It's digital currency and it's been around for a while now so what's all the fuss these days? It's because more and more places are accepting bitcoins as real currency. If you're still a little bit confused on where bitcoins come from (or how you can just invent digital currency), watch the video explainer above by Duncan Elms. Get to mining. [Duncan Elms via Digg] Read More >>
Featured comment by mark.tey.315:
"If you still wanna buy Bitcoins in the UK, directly without intermediators on ebay or other middle men (with huge fees) is difficult, I made this guid..." More »
Companies that distribute and exchange Bitcoin will now be subject to the same rules (in the USA, at least) as Western Union. The hope is to crackdown on Bitcoin-related crime. Read More >>
Featured comment by mark.tey.315:
"If you still wanna buy Bitcoins in the UK, directly without intermediators on ebay or other middle men (with huge fees) is difficult, I made this guid..." More »
Kim Dotcom's Mega has been trudging on into the future, so far without any sort of considerable pestering from one pesky United States government. In the meantime, Dotcom's been doing his best to beef the service up, offering cash money to anyone who could strengthen its encryption. And now he's taking Bitcoin. Because of course. Read More >>
Featured comment by mark.tey.315:
"If you still wanna buy Bitcoins in the UK, directly without intermediators on ebay or other middle men (with huge fees) is difficult, I made this guid..." More »
This week, an internal FBI report was leaked, detailing the Bureau's concern about the virtual currency Bitcoin and its potential to be exploited by criminals for money laundering and other scams. Read More >>
Thieving hackers just raided the coffers of several prominent Bitcoin exchanges and made off with £140,000 worth of digital bullion. Ouch. It turns out that a crapload of devalued Bitcoin still adds up to a lot of stolen cash. Read More >>
Featured comment by Glenbot3000:
"I has so much hope for BitCoin as it was such a great idea, but shit like this makes sure it'll never become a real player in enconomics and that sadd..." More »
I'm not gonna name names, but someone just mentioned paying for weed with a Square account. It'd be equally easy to use Paypal, Venmo, Bitcoin (RIP) or any of the myriad mobile payment systems that allow you to send money from your phone. Read More >>
Featured comment by sabretoooth:
"The problem I see here is a "paper-trail". While you say not to label the transaction under drugs, there's still evidence of that money being spent on..." More »
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