Bitcoins: Made in China

[Note: click here for a PDF version] Abstract: The discussion over the actual costs of maintaining a decentralized seigniorage network is a new area of research. In practice it appears that the logistical cost of operating the Bitcoin network rises linearly with its total value. More efficient mining gear does not reduce energy use of…

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Bitcoin ATM fever: a list of 8 different machines

The mass adoption of Bitcoin encouraged many tech-savvy entrepreneurs to invest in new types of software and hardware and the many cryptocurrency ATMs spread across the world confirm that tendency. Bitcoin Examiner gathered information about eight different ATMs. Some are more expensive, some offer less possibilities, some have an impressive brand behind them… However, in…

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A New Benchmark for Scrypt Mining

The technology of Scrypt mining ASICs has exploded in the past year and many believe that 2014 will be the year for mining scrypt based currencies like Litecoin, Dogecoin and Auroracoin. For a company like Bliss Devices, these advancements are providing individuals with innovative chips, faster hashing and lower cost of ownership. In fact, Bliss…

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Storage Meets Usage with New Bitcoin Development

The latest Bitcoin development just might revolutionize the popular cryptocurrency, fueling the largest cryptocurrency network. Last week, a company known for offering a secure place for customers to safely store their bitcoins has expanded into new territory. In the past, Xapo’s objective has been to build trust in the cryptocurrency industry by providing a secure…

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The Right Kind of Privacy

Bitcoin is unique in its approach to privacy. Uneducated observers lament its advantages for illicit activities, but the blockchain keeps track of every transaction and who has how much coin. The revolutionary part of this system is the fact that one must divulge his or her Bitcoin address to lose anonymity, which leaves us with…

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