The current Bitcoin price is $100.98998 breaking into triple digits barely again
with an average of $100.44 for
the
last 24 hours dropping more than $4 from yesterday.
Volume is a 50% less compared to that of yesterday's at 22 892.44. The
market is still on the downward spiral this weekend if the last two
weekends are indications.
Blocks 241756
Total BTC 11.294M
Difficulty 15605633
Estimated 19081217 in 164 blks
Network total 137.558 Thash/s
Blocks/hour 7.39 / 487 s
This is a Blog specially about Bitcoin, a cryptographic coin that I just found out and am extremely interested in it. Hoping to learn about the Bitcoin and hoping that you will learn along with me.
Sunday 16 June 2013
Saturday 15 June 2013
Bitcoin 15 Jun 2013
The current Bitcoin price is $98.4 breaking into double digits again with an average of $104.80 for
the
last 24 hours. This is the 3rd week I had absorbed this phenomenon of Bitcoin prices being forced down during the weekend.
Volume is a 25% more compared to that of yesterday's at 39 135.05. The market is still on the downward spiral this weekend if the last two weekends are indications.
Blocks 241590
Total BTC 11.290M
Difficulty 15605633
Estimated 19030457 in 330 blks
Network total 155.496 Thash/s
Blocks/hour 8.35 / 431 s
Blocks 241590
Total BTC 11.290M
Difficulty 15605633
Estimated 19030457 in 330 blks
Network total 155.496 Thash/s
Blocks/hour 8.35 / 431 s
Friday 14 June 2013
Bitcoin 14 Jun 2013
The current Bitcoin price is $103 with an average of $105.20 for
the
last 24 hours. Prices dropped about $5 dollars, hopefully the phenomenon of huge drops in the weekend won't start.
Volume is a lot more compared to that of yesterday's at 30 813.86. The market is still quite volatile.
Blocks 241403
Total BTC 11.285M
Difficulty 15605633
Estimated 18901441 in 517 blks
Network total 141.576 Thash/s
Blocks/hour 7.60 / 473 s
With the difficulty going up to 18901441 in 517 blocks, I guess it will really discouraged whatever left of GPU miners. Only ASICs can still have a chance to earn money, that is provided there are reliable sources.
Blocks 241403
Total BTC 11.285M
Difficulty 15605633
Estimated 18901441 in 517 blks
Network total 141.576 Thash/s
Blocks/hour 7.60 / 473 s
With the difficulty going up to 18901441 in 517 blocks, I guess it will really discouraged whatever left of GPU miners. Only ASICs can still have a chance to earn money, that is provided there are reliable sources.
Thursday 13 June 2013
Bitcoin 13 Jun 2013
The current Bitcoin price is $108.2 with an average of $109.27 for
the
last 24 hours. Prices are more or less settled in three digits again.
Volume is similar to that of yesterday's at 17582.20. The market is still quite volatile.
Blocks 241215
Total BTC 11.280M
Difficulty 15605633
Estimated 18617814 in 705 blks
Network total 162.324 Thash/s
Blocks/hour 8.72 / 413 s
Blocks 241215
Total BTC 11.280M
Difficulty 15605633
Estimated 18617814 in 705 blks
Network total 162.324 Thash/s
Blocks/hour 8.72 / 413 s
Wednesday 12 June 2013
Bitcoin 12 Jun 2013
The current Bitcoin price is $108.58277 with an average of $106.85499 for
the
last 24 hours. Prices are more or less settled in three digits again.
Volume is 20% of yesterday's at 17420.20. The market is still quite volatile.
Blocks 240989
Total BTC 11.275M
Difficulty 15605633
Estimated 18259206 in 931 blks
Network total 165.895 Thash/s
Blocks/hour 8.91 / 404 s
Blocks 240989
Total BTC 11.275M
Difficulty 15605633
Estimated 18259206 in 931 blks
Network total 165.895 Thash/s
Blocks/hour 8.91 / 404 s
Tuesday 11 June 2013
Bitcoin 11 Jun 2013
The current Bitcoin price is $105.6366 with an average of $105.49 for
the
last 24 hours. Prices are increasing about $5 from yesterday's. Volume is half at 64,746.72. The market is still extremely volatile.
Blocks 240838
Total BTC 11.271M
Difficulty 15605633
Estimated 17898580 in 1082 blks
Network total 122.623 Thash/s
Blocks/hour 6.59 / 547 s
Songs of Love now accepts Bitcoin, do donate for a Charity cause!
Blocks 240838
Total BTC 11.271M
Difficulty 15605633
Estimated 17898580 in 1082 blks
Network total 122.623 Thash/s
Blocks/hour 6.59 / 547 s
Songs of Love now accepts Bitcoin, do donate for a Charity cause!
Add caption |
Monday 10 June 2013
Bitcoin 10 Jun 2013
The current Bitcoin price is $101.43502 with an average of $98.08 for
the
last 24 hours. Prices are fluctuating a lot yesterday with a low of $88. Volume is extremely high at 148,133.04. This is about eight times that of yesterday, maybe someone is throwing Bitcoins into the market for cash. Extreme volatility for the last few days.
Blocks 240648
Total BTC 11.266M
Difficulty 15605633
Estimated 17555266 in 1272 blks
Network total 123.571 Thash/s
Blocks/hour 6.64 / 542 s
Blocks 240648
Total BTC 11.266M
Difficulty 15605633
Estimated 17555266 in 1272 blks
Network total 123.571 Thash/s
Blocks/hour 6.64 / 542 s
Sunday 9 June 2013
Bitcoin Low at $88
Bitcoin broke $90 earlier with a trough of $88 before climbing back to $91, situation is still very uncertain at the moment. But from what I see, there are far more buyers than sellers. I guess the worse is over. But we need to monitor. Bitcoin is extremely volatile due to the small size of its economy and relatively few users still. We need to strengthen our Bitcoin community and encourage more transactions using Bitcoin and also raise the awareness of Bitcoin before the price can stabilize.
Bitcoin Broke $100
Bitcoin broke $100 at the current pricing of $99.26001 on heavy volume 65,655.69. This is really not a good sign :( . Analysis of the Buy and Sell order really do not detect any good support lines.
Bitcoin Crash to $100
Goodness I saw it at $109 in the morning and now the price is $100, in the morning there are still pillars of 20 000 coins to support the prices. Now looking at the graphs the Walls all but disappears. Instead we are looking at Sell Walls of about 5000 coins each at $120 and $130. Support levels only at $98.10 with 4000 coins. Are we looking at a crash?
Bitcoin 9 Jun 2013
The current Bitcoin price is $108.39999 with an average of $109.02 for
the
last 24 hours. Prices are about $1 off from yesterday. Volume stands at 18936.28. This is low volume. We can see a buy order of about 18000 at $106.18 hopefully this supports the Bitcoin prices.
Blocks 240493
Total BTC 11.262M
Difficulty 15605633
Estimated 17248209 in 1427 blks
Network total 149.451 Thash/s
Blocks/hour 8.03 / 448 s
Blocks 240493
Total BTC 11.262M
Difficulty 15605633
Estimated 17248209 in 1427 blks
Network total 149.451 Thash/s
Blocks/hour 8.03 / 448 s
Saturday 8 June 2013
Bitcoin 8 Jun 2013
The current Bitcoin price is $110.99998 with an average of $112.85 for
the
last 24 hours. Prices fall back to nearly $110, a large drop from yesterday. Volume stands at 74975.00. This is about 3.5 times that of yesterday, heavy volume with such drop in prices isn't good.
Blocks 240315
Total BTC 11.258M
Difficulty 15605633
Estimated 16670327 in 1605 blks
Network total 136.609 Thash/s
Blocks/hour 7.34 / 491 s
Blocks 240315
Total BTC 11.258M
Difficulty 15605633
Estimated 16670327 in 1605 blks
Network total 136.609 Thash/s
Blocks/hour 7.34 / 491 s
Friday 7 June 2013
Bitcoin Price Drop 7 Jun 2013
Bitcoin has been on the downward slope for about two weeks going down from about $130 to $110, I don't see much bad news in fact a lot of positive factors instead. I guess the drop is due to speculation. Hopefully everyone hold their breathe, do not panic and sell!
Bitcoin 7 Jun 2013
The current Bitcoin price is $119 with an average of $119.60 for
the
last 24 hours. Prices fall back below $120 again. Volume stands at 22 767.66.
Blocks 240163
Total BTC 11.254M
Difficulty 15605633
Estimated 16389987 in 1757 blks
Network total 134.513 Thash/s
Blocks/hour 7.22 / 498 s
Blocks 240163
Total BTC 11.254M
Difficulty 15605633
Estimated 16389987 in 1757 blks
Network total 134.513 Thash/s
Blocks/hour 7.22 / 498 s
Thursday 6 June 2013
Bitcoin 6 Jun 2013
The current Bitcoin price is $121.90959 with an average of $121.46 for
the
last 24 hours. This is an increase of about 50 cents from yesterday which is a very tight range. I hope that Bitcoin is stabilizing after 3 days of up and down.
Volume stands at 16 601.88.
Blocks 239973
Total BTC 11.249M
Difficulty 15605633
Estimated 15823621 in 1947 blks
Network total 126.256 Thash/s
Blocks/hour 7.27 / 495 s
For news, Forbes carried an article about Bitcoin Mixing services. It is talking about the regulation of Bitcoin. If the registrations are tight, the issue of Mixing services such that the Bitcoin is transferred over many accounts causing the original account to be untraceable. These services are also known as Bitcoin laundry services. Zerocoin which is developed by John Hopkins University is another way of doing it just that it does not require the providers.
Blocks 239973
Total BTC 11.249M
Difficulty 15605633
Estimated 15823621 in 1947 blks
Network total 126.256 Thash/s
Blocks/hour 7.27 / 495 s
For news, Forbes carried an article about Bitcoin Mixing services. It is talking about the regulation of Bitcoin. If the registrations are tight, the issue of Mixing services such that the Bitcoin is transferred over many accounts causing the original account to be untraceable. These services are also known as Bitcoin laundry services. Zerocoin which is developed by John Hopkins University is another way of doing it just that it does not require the providers.
Wednesday 5 June 2013
Bitcoin 5 Jun 2013
The current Bitcoin price is $121.38534 with an average of $121.07 for
the
last 24 hours. Bitcoin prices rebound about $3 from yesterday.
Volume stands at 21 807.80. Volume is lower than yesterday. Hashing rate has increased tremendously to 144 Th/s
Blocks 239792
Total BTC 11.245M
Difficulty 12153412
Estimated 15433515 in 112 blks
Network total 144.536 Thash/s
Blocks/hour 9.97 / 361 s
Blocks 239792
Total BTC 11.245M
Difficulty 12153412
Estimated 15433515 in 112 blks
Network total 144.536 Thash/s
Blocks/hour 9.97 / 361 s
Tuesday 4 June 2013
Bitcoin 4 Jun 2013
The current Bitcoin price is $122.49999 with an average of $118.89 for
the
last 24 hours. Bitcoin prices are firming up from yesterday's fall. Volume stands at 30 559.36. There is quite a nice rebound from yesterday's steeper than usual fall
Blocks 239556
Total BTC 11.239M
Difficulty 12153412
Estimated 14917989 in 348 blks
Network total 132.867 Thash/s
Blocks/hour 9.16 / 393 s
Hash rates has increased amazingly to 132.867 Th/s.
Blocks 239556
Total BTC 11.239M
Difficulty 12153412
Estimated 14917989 in 348 blks
Network total 132.867 Thash/s
Blocks/hour 9.16 / 393 s
Hash rates has increased amazingly to 132.867 Th/s.
Monday 3 June 2013
Bitcoin 3 Jun 2013
The current Bitcoin price is $119.995 with an average of $121.92 for
the
last 24 hours. Quite a fall from yesterday. Volume stands at 102 836.55. This is quite worrying as the fall comes with quite a heavy volume. I don't really see any reason for the fall.
Blocks 239383
Total BTC 11.235M
Difficulty 12153412
Estimated 14479333 in 521 blks
Network total 133.035 Thash/s
Blocks/hour 9.17 / 392 s
Blocks 239383
Total BTC 11.235M
Difficulty 12153412
Estimated 14479333 in 521 blks
Network total 133.035 Thash/s
Blocks/hour 9.17 / 392 s
Sunday 2 June 2013
Bitcoin 2 Jun 2013
The current Bitcoin price is $129.29982 with an average of $128.42 for
the
last 24 hours. A deviation of about $0.5 compared to yesterday. This is a very tight range. Volume stands at 6880.95. This is only about one third of yesterday's
Blocks 239173
Total BTC 11.229M
Difficulty 12153412
Estimated 14050417 in 731 blks
Network total 140.603 Thash/s
Blocks/hour 9.70 / 371 s
Blocks 239173
Total BTC 11.229M
Difficulty 12153412
Estimated 14050417 in 731 blks
Network total 140.603 Thash/s
Blocks/hour 9.70 / 371 s
Saturday 1 June 2013
Bitcoin 1 June 2013
The current Bitcoin price is $128.96 with an average of $128.16 for
the
last 24 hours. A deviation of about $1 compared to yesterday. Volume stands at 16 737.25.
Blocks 238960
Total BTC 11.224M
Difficulty 12153412
Estimated 13330093 in 944 blks
Network total 112.252 Thash/s
Blocks/hour 7.74 / 465 s
The Sydney Morning Herald had an article A virtual currency loved by geeks is fast becoming the currency for crooks. The article was telling about Cocaine and other drugs that can be easily purchased using Bitcoin anonymously. It takes about the growing concerns regarding the use of Bitcoin by criminals and money launderers. It also gave examples of how Bitcoin is used legitimately in Australia to buy anything from meat to books. But there are still huge concerns over the illegal activities.
Blocks 238960
Total BTC 11.224M
Difficulty 12153412
Estimated 13330093 in 944 blks
Network total 112.252 Thash/s
Blocks/hour 7.74 / 465 s
The Sydney Morning Herald had an article A virtual currency loved by geeks is fast becoming the currency for crooks. The article was telling about Cocaine and other drugs that can be easily purchased using Bitcoin anonymously. It takes about the growing concerns regarding the use of Bitcoin by criminals and money launderers. It also gave examples of how Bitcoin is used legitimately in Australia to buy anything from meat to books. But there are still huge concerns over the illegal activities.
''Criminals have been using Bitcoins for some time because it is not regulated and it's not controlled. There is also a huge jurisdiction issue because it's online.
There was a special mention about the trading of online gaming stuff using virtual currencies and how it is extremely tough to police such activities. This is where virtual currency is used to purchase online virtual items and then sold to other players for "clean money". Overall I would say it is a fair article with the pros and cons of Bitcoin.
Friday 31 May 2013
Bitcoin 31 May 2013
The current Bitcoin price is $127.70006 with an average of $129.35 for
the
last 24 hours. A deviation of about $1 compared to yesterday. Volume stands at 25 458.87.
Blocks 238787
Total BTC 11.220M
Difficulty 12153412
Estimated 13100943 in 1117 blks
Network total 117.480 Thash/s
Blocks/hour 8.10 / 444 s
Blocks 238787
Total BTC 11.220M
Difficulty 12153412
Estimated 13100943 in 1117 blks
Network total 117.480 Thash/s
Blocks/hour 8.10 / 444 s
Thursday 30 May 2013
Bitcoin 30 May 2013
The current Bitcoin price is $131.48 with an average of $130.29 for
the
last 24 hours. The range is addition of $2 as compared to yesterday. This is still quite stable. Volume stands at 19 759.85 which is slightly less than yesterday's.
Blocks 238593
Total BTC 11.215M
Difficulty 12153412
Estimated 12771602 in 1311 blks
Network total 105.500 Thash/s
Blocks/hour 7.28 / 495 s
Blocks 238593
Total BTC 11.215M
Difficulty 12153412
Estimated 12771602 in 1311 blks
Network total 105.500 Thash/s
Blocks/hour 7.28 / 495 s
Wednesday 29 May 2013
Bitcoin 29 May 2013
The current Bitcoin price is $129 with an average of $128.02 for
the
last 24 hours. It is about less than a dollar difference comparing the 24 hour average which is getting good. Observing the stability of the Bitcoin with great joy. This means that it is getting better and better as a trading currency. Volume stands at 23 552.05 which is less than half that of
yesterday's.
Blocks 238431
Total BTC 11.211M
Difficulty 12153412
Estimated 12535053 in 1473 blks
Network total 101.521 Thash/s
Blocks/hour 7.00 / 514 s
Today's news headlines Bad News for Bitcoin? I was expecting the worse. But it turned out that the Fed had shut down Liberty Exchange for a alleged $6 billion money laundering. I do not think it is fair to even equate Bitcoin with Liberty Exchange. You can use the USD for money laundering too. It is the purpose, not the currency at fault!
Blocks 238431
Total BTC 11.211M
Difficulty 12153412
Estimated 12535053 in 1473 blks
Network total 101.521 Thash/s
Blocks/hour 7.00 / 514 s
Today's news headlines Bad News for Bitcoin? I was expecting the worse. But it turned out that the Fed had shut down Liberty Exchange for a alleged $6 billion money laundering. I do not think it is fair to even equate Bitcoin with Liberty Exchange. You can use the USD for money laundering too. It is the purpose, not the currency at fault!
Tuesday 28 May 2013
Bitcoin 28 May 2013
The current Bitcoin price is $130.18 with an average of $129.48 for
the
last 24 hours. The 24 hour trading is still extremely range bound at less than $3. Volume stands at 48 081.18 which is double that of
yesterday's.
Blocks 238270
Total BTC 11.207M
Difficulty 12153412
Estimated 12418267 in 1634 blks
Network total 99.979 Thash/s
Blocks/hour 6.90 / 522 s
Blocks 238270
Total BTC 11.207M
Difficulty 12153412
Estimated 12418267 in 1634 blks
Network total 99.979 Thash/s
Blocks/hour 6.90 / 522 s
Monday 27 May 2013
Bitcoin 27 May 2013
The current Bitcoin price is $133.61001 with an average of $134.01 for
the
last 24 hours. The 24 hour trading is still extremely range bound. Volume stands at 23 665.87 which is double that of
yesterday's.
Blocks 238099
Total BTC 11.203M
Difficulty 12153412
Estimated 12175031 in 1805 blks
Network total 98.658 Thash/s
Blocks/hour 6.80 / 529 s
Blocks 238099
Total BTC 11.203M
Difficulty 12153412
Estimated 12175031 in 1805 blks
Network total 98.658 Thash/s
Blocks/hour 6.80 / 529 s
Sunday 26 May 2013
Bitcoin 26 May 2013
The current Bitcoin price is $130.98 with an average of $130.90 for
the
last 24 hours. It appreciates nearly $1 as compared to yesterday, a very narrow gap. Volume stands at 17 294.81 which is 1/3 of yesterday's.
Blocks 237941
Total BTC 11.199M
Difficulty 12153412
Estimated 12154051 in 1963 blks
Network total 103.503 Thash/s
Blocks/hour 7.41 / 486 s
The Verge had an article on Why won't Bitcoin die. As a Bitcoin supporter, I surely find this an extremely good article :)
Blocks 237941
Total BTC 11.199M
Difficulty 12153412
Estimated 12154051 in 1963 blks
Network total 103.503 Thash/s
Blocks/hour 7.41 / 486 s
The Verge had an article on Why won't Bitcoin die. As a Bitcoin supporter, I surely find this an extremely good article :)
Saturday 25 May 2013
Bitcoin 25 May 2013
The current Bitcoin price is $132.50 with an average of $129.93 for
the
last 24 hours. It appreciates nearly $5 as compared to yesterday, quite a jump. Hopefully Bitcoin won't fluctuate too much, it will not be good for businesses trying to make use of it. . Volume stands at 50 400 67 which is more than double that of yesterday's.
Blocks 237783
Total BTC 11.195M
Difficulty 11187257
Estimated 12073595 in 105 blks
Network total 92.605 Thash/s
Blocks/hour 6.94 / 519 s
Today's news is a Must Read from Forbes, it is giving Bitcoin Top 10 Sites. But I certainly hope that more conventional merchant sites will be in Forbes Bitcoin Top 10 next year. For instance those selling physical goods or house hold items. Bitcoin really needs to breach those niches.
Blocks 237783
Total BTC 11.195M
Difficulty 11187257
Estimated 12073595 in 105 blks
Network total 92.605 Thash/s
Blocks/hour 6.94 / 519 s
Today's news is a Must Read from Forbes, it is giving Bitcoin Top 10 Sites. But I certainly hope that more conventional merchant sites will be in Forbes Bitcoin Top 10 next year. For instance those selling physical goods or house hold items. Bitcoin really needs to breach those niches.
Friday 24 May 2013
Bitcoin 24 May 2013
The current Bitcoin price is $126.67161 with an average of $125.36 for
the
last 24 hours. It seems that the Bitcoin prices is slowly but surely edging upwards.
This is still a very stable price for Bitcoin. Volume stands at 22 617.58.
Blocks 237608
Total BTC 11.190M
Difficulty 11187257
Estimated 12023831 in 280 blks
Network total 94.920 Thash/s
Blocks/hour 7.11 / 506 s
The super news for Bitcoin Miners! An article carried by the famous Techcrunch about Cryonic Bitcoin FrostBit. It is a PC cooled by liquid nitrogen and powered by ASICs! These are awesome power hunger machine peaking at 2800W a day but able to perform 1000 Gigahashes a second. If you take a look at the network total of 94.920 Thash/s, you will find that one machine itself can contribute more than 1% of the total hash power! Of course these features filled and nitrogen cooled machine isn't on the cheap either, it costs US$15000! It is expected to be delivered in Jul 2013 and can be preordered here.
Blocks 237608
Total BTC 11.190M
Difficulty 11187257
Estimated 12023831 in 280 blks
Network total 94.920 Thash/s
Blocks/hour 7.11 / 506 s
The super news for Bitcoin Miners! An article carried by the famous Techcrunch about Cryonic Bitcoin FrostBit. It is a PC cooled by liquid nitrogen and powered by ASICs! These are awesome power hunger machine peaking at 2800W a day but able to perform 1000 Gigahashes a second. If you take a look at the network total of 94.920 Thash/s, you will find that one machine itself can contribute more than 1% of the total hash power! Of course these features filled and nitrogen cooled machine isn't on the cheap either, it costs US$15000! It is expected to be delivered in Jul 2013 and can be preordered here.
Thursday 23 May 2013
Bitcoin 23 May 2013
The current Bitcoin price is $124.49999 with an average of $123.05 for the
last 24 hours. The trading is about a dollar more than yesterday's. This is still a very stable price for Bitcoin. Volume stands at 19 074.31.
Blocks 237430
Total BTC 11.186M
Difficulty 11187257
Estimated 11894025 in 458 blks
Network total 85.458 Thash/s
Blocks/hour 6.40 / 562 s
Wow! Even IEEE Spectrum is writing an article on Bitcoin. The essence that Internet Archive Federal Credit Union can help setup exchanges for Bitcoin which conform to regulatory requirements so as to bring Bitcoin into the mainstream.
Blocks 237430
Total BTC 11.186M
Difficulty 11187257
Estimated 11894025 in 458 blks
Network total 85.458 Thash/s
Blocks/hour 6.40 / 562 s
Wow! Even IEEE Spectrum is writing an article on Bitcoin. The essence that Internet Archive Federal Credit Union can help setup exchanges for Bitcoin which conform to regulatory requirements so as to bring Bitcoin into the mainstream.
Wednesday 22 May 2013
Bitcoin 22 May 2013
The current Bitcoin price is $122.80 with an average of $122.29 for the
last 24 hours. The trading is range bounded within a very tight interval. Volume stands at 13 398.84.
Blocks 237271
Total BTC 11.182M
Difficulty 11187257
Estimated 11817098 in 617 blks
Network total 87.540 Thash/s
Blocks/hour 6.56 / 549 s
Blocks 237271
Total BTC 11.182M
Difficulty 11187257
Estimated 11817098 in 617 blks
Network total 87.540 Thash/s
Blocks/hour 6.56 / 549 s
Tuesday 21 May 2013
Bitcoin 21 May 2013
The current Bitcoin price is $122.03002 with an average of $122.31 for the
last 24 hours. The trading range is tight indicating a stable price level. Volume stands at 17 359.33.
Blocks 237120
Total BTC 11.178M
Difficulty 11187257
Estimated 11836231 in 768 blks
Network total 70.114 Thash/s
Blocks/hour 5.25 / 685 s
One of the Headline news in Yahoo Finance isn't very great. After Government Raid, Jittery Future for Bitcoin. It was saying that after the seizure of assets of Bitcoin largest exchange, we are getting nervous. Are we? I think most of us took it quite well as this is not the first time Bitcoin is subjected to such treatment. The Bitcoin prices did not indicate any nervousness of the markets at all. In fact, it has been extraordinary stable. I think this is a good quote in the article ""It is a little bit of a hysterical reaction from the U.S. authorities," Jon Rushman, former managing director at BlackRock and a professor at the University of Warwick in the U.K. said in a statement".
Blocks 237120
Total BTC 11.178M
Difficulty 11187257
Estimated 11836231 in 768 blks
Network total 70.114 Thash/s
Blocks/hour 5.25 / 685 s
One of the Headline news in Yahoo Finance isn't very great. After Government Raid, Jittery Future for Bitcoin. It was saying that after the seizure of assets of Bitcoin largest exchange, we are getting nervous. Are we? I think most of us took it quite well as this is not the first time Bitcoin is subjected to such treatment. The Bitcoin prices did not indicate any nervousness of the markets at all. In fact, it has been extraordinary stable. I think this is a good quote in the article ""It is a little bit of a hysterical reaction from the U.S. authorities," Jon Rushman, former managing director at BlackRock and a professor at the University of Warwick in the U.K. said in a statement".
Monday 20 May 2013
Bitcoin 20 May 2013
The current Bitcoin price is $122.80 with an average of $121.87 for the
last 24 hours. Bitcoin has been staying in a very tight range recently which is good for its implementation. Volume stands at 20 603.36.
Blocks 236991
Total BTC 11.175M
Difficulty 11187257
Estimated 11973277 in 897 blks
Network total 82.285 Thash/s
Blocks/hour 6.17 / 584 s
Bitcoin in the news with an Interview in PC World with a Bitcoin Developer. He talks about the various aspects of Bitcoin including the elusive founder Satoshi Nakamoto. He concluded that to ease the worries for the governments, Bitcoin exchanges should be regulated. Problem of regulating, I feel will destroy the anonymous nature of Bitcoin. We next have news on the The Winklevoss Brothers going into Bitcoin in CNN Money. Wow! We really have all the major news sites talking about us finally. There is also an interesting piece in Quartz guessing that Bitcoin's creator is Japanese mathematician Shinichi Mochizuki. Frankly speaking I feel that the author is extremely far fetched in the guessing. Everything seems to be a guess without a shred of real solid proof. By his criteria, I think everyone can be a Satoshi Nakamoto. Come on give us proof. There is enough speculations already about the identity but we need real hard evidence.
Blocks 236991
Total BTC 11.175M
Difficulty 11187257
Estimated 11973277 in 897 blks
Network total 82.285 Thash/s
Blocks/hour 6.17 / 584 s
Bitcoin in the news with an Interview in PC World with a Bitcoin Developer. He talks about the various aspects of Bitcoin including the elusive founder Satoshi Nakamoto. He concluded that to ease the worries for the governments, Bitcoin exchanges should be regulated. Problem of regulating, I feel will destroy the anonymous nature of Bitcoin. We next have news on the The Winklevoss Brothers going into Bitcoin in CNN Money. Wow! We really have all the major news sites talking about us finally. There is also an interesting piece in Quartz guessing that Bitcoin's creator is Japanese mathematician Shinichi Mochizuki. Frankly speaking I feel that the author is extremely far fetched in the guessing. Everything seems to be a guess without a shred of real solid proof. By his criteria, I think everyone can be a Satoshi Nakamoto. Come on give us proof. There is enough speculations already about the identity but we need real hard evidence.
Sunday 19 May 2013
Crackdown on Bitcoin
This is a new video uploaded to Youtube, talking about the crackdown on Bitcoin systems and suspected that this is due to the pressures from the banking industry.
Bitcoins 19 May 2013
The current Bitcoin price is $123.46841 with an average of $123.81 for the
last 24 hours. This is a narrow range I must say about a deviation of
$2 which is stable and good. Volume stands at 23 091.56.
Blocks 236839
Total BTC 11.171M
Difficulty 11187257
Estimated 11950572 in 1049 blks
Network total 92.094 Thash/s
Blocks/hour 6.90 / 522 s
This is great exposure and great news from Aljazeera, one of the huge news network that had gain prominence in recent years. It is saying that Bitcoins' supports promise that Bitcoins can be used in Smartphones and some workers can even be paid their wages through Bitcoins which will certainly revolutionized the banking industry. You can see the video from Alijazeera here.
Blocks 236839
Total BTC 11.171M
Difficulty 11187257
Estimated 11950572 in 1049 blks
Network total 92.094 Thash/s
Blocks/hour 6.90 / 522 s
This is great exposure and great news from Aljazeera, one of the huge news network that had gain prominence in recent years. It is saying that Bitcoins' supports promise that Bitcoins can be used in Smartphones and some workers can even be paid their wages through Bitcoins which will certainly revolutionized the banking industry. You can see the video from Alijazeera here.
Saturday 18 May 2013
Living on Bitcoins for a Week
This is a very cool news article on living on Bitcoins for a Week. Strongly recommended. What's more it was carried by the Forbes! Certainly an influential and fun article. Enjoy your weekends, Fellow Bitcoiners!
Bitcoin News Video 18 May 2013
Bitcoin is getting so popular that basically we have the mainstream media stalking us online and now on Youtube, you can see a lot of news coming from respectable traditional news media.
From English News Today
From Fox News
We are really getting there. Some Bitcoin inquiries will be all over the place and I guess we can finally use our Bitcoins at say MacDonalds or 7-11 or Subway? I really hope such a day will come, not too long from now.
From English News Today
From Fox News
We are really getting there. Some Bitcoin inquiries will be all over the place and I guess we can finally use our Bitcoins at say MacDonalds or 7-11 or Subway? I really hope such a day will come, not too long from now.
Seizure of a Bitcoin Exchange Account
This was the news I mentioned earlier about Mtgox account being seized. Hope that they can solve it fast and good! Mtgox is basically the bedrock of our Bitcoin exchange systems.
An update is here:
An update is here:
Bitcoin 18 May 2013
The current Bitcoin price is $123.50 with an average of $121.44 for the
last 24 hours. This is a narrow range I must say about a deviation of $2 which is stable and good. Volume stands at 79 463.33.
Blocks 236635
Total BTC 11.166M
Difficulty 11187257
Estimated 12018011 in 1253 blks
Network total 82.882 Thash/s
Blocks/hour 6.21 / 580 s
Bitcoin news coming from the Los Angeles Times! Business Section about Bitcoin concept is gaining currency! This is a great post alright! It is telling us that Bitcoin came as a rebel but is gaining popularity with Silicon Valley with about 1000 representatives this weekend discussing about Bitcoins! I love this quote "I think we're starting to see Bitcoin moving out of the shadows of the Internet into something that becomes more mainstream," said Jeremy Liew, a partner at Lightspeed Venture Partners. "We're starting to solve real problems for real people. And that's exciting." We are getting there Brothers, we are going Main Stream! Just look at the number of Venture Capitalists mentioned in this article. It seems that they are all over us wanting to throw money at us to bring Bitcoins into mainstream! My main worry is the last part which mentions about government intervention. Hope they won't caused too much a problem for us by introducing some ridiculous laws.
Blocks 236635
Total BTC 11.166M
Difficulty 11187257
Estimated 12018011 in 1253 blks
Network total 82.882 Thash/s
Blocks/hour 6.21 / 580 s
Bitcoin news coming from the Los Angeles Times! Business Section about Bitcoin concept is gaining currency! This is a great post alright! It is telling us that Bitcoin came as a rebel but is gaining popularity with Silicon Valley with about 1000 representatives this weekend discussing about Bitcoins! I love this quote "I think we're starting to see Bitcoin moving out of the shadows of the Internet into something that becomes more mainstream," said Jeremy Liew, a partner at Lightspeed Venture Partners. "We're starting to solve real problems for real people. And that's exciting." We are getting there Brothers, we are going Main Stream! Just look at the number of Venture Capitalists mentioned in this article. It seems that they are all over us wanting to throw money at us to bring Bitcoins into mainstream! My main worry is the last part which mentions about government intervention. Hope they won't caused too much a problem for us by introducing some ridiculous laws.
Friday 17 May 2013
Bitcoin 17 May 2013
The current Bitcoin price is $117.14999 with an average of $114.95 for the
last 24 hours. This is a good $4 more than 16 May 2013. But is still a gradual move. Volume is at 43 004.93.
Blocks 236520
Total BTC 11.163M
Difficulty 11187257
Estimated 11836491 in 1368 blks
Network total 80.929 Thash/s
Blocks/hour 6.06 / 594 s
Not quite a good news today with US Officials Freezing an account related to a Bitcoin Exchange. Well they are alleging that Mt Gox is conducting "unlicensed money service business". The USA Treasury Department wants Bitcoin exchanges to be "subject to the same money-laundering rules as traditional providers".
Blocks 236520
Total BTC 11.163M
Difficulty 11187257
Estimated 11836491 in 1368 blks
Network total 80.929 Thash/s
Blocks/hour 6.06 / 594 s
Not quite a good news today with US Officials Freezing an account related to a Bitcoin Exchange. Well they are alleging that Mt Gox is conducting "unlicensed money service business". The USA Treasury Department wants Bitcoin exchanges to be "subject to the same money-laundering rules as traditional providers".
Mt. Gox couldn't be reached for comment. A statement on its website said the company had "read on the Internet" about the warrant.Hope that Bitcoin providers especially such a major player the likes of Mt. Gox will be able to settle such issues and push forward to make Bitcoin a main Internet currency of the world.
Coingig.com CEO Comment
"Coingig is working 24/7 to bring the bitcoin world all the products they can buy with fiat available for bitcoin. We want to become the Amazon of Bitcoin!"
We certainly wish them the best and more. Just to repeat, the url for Coingig - The Bitcoin Marketplace. Do visit them as first choice if you need anything. Support Bitcoin's usage!
Thursday 16 May 2013
Coingig.com - The Bitcoin Marketplace
Firstly we are not advertising for anyone for monetary gains. But we are highlighting the brave new sites that build upon the foundations of Bitcoins. Technically we have a great and stable wallet now. There are also more and more transaction tools to help with the buying and selling using Bitcoins. Our weakest links are to persuade enough merchants to adopt Bitcoins. Coingig - The Bitcoin Marketplace is one of the early adopters. Going through their web site, I am glad to see the ease of navigation and payment. 352 products at the last visit. Certainly hope that they will grow fast and expand with more and more products allowing us to use our Bitcoins easily.
Come on, Bitcoin comrades, give our support to those stores who accept Bitcoins and give them first priority!
Come on, Bitcoin comrades, give our support to those stores who accept Bitcoins and give them first priority!
Bitcoin 16 May 2013
The current Bitcoin price is $114 with an average of $110.89 for the last 24 hours. This is a good narrow range which really says something about the stability of our Bitcoins.
Blocks 236353
Total BTC 11.159M
Difficulty 11187257
Estimated 11721521 in 1535 blks
Network total 77.658 Thash/s
Blocks/hour 5.82 / 619 s
Bitcoin News - The coming political battle over Bitcoin which is quite heartening as it claims that Bitcoin had the attention of the mainstream media. However further reading is disappointing, as it talked about Bitcoin being misused by criminal elements, as if the USD or any other currency hasn't. Next on CNN Money, "I would be very surprised if Bitcoin is still around in 10 years," said Bremmer, the founder and CEO of Eurasia Group, the world's largest risk consulting firm. A doomsday prediction for Bitcoin. Definitely hope that he is wrong and absolutely wrong.
Blocks 236353
Total BTC 11.159M
Difficulty 11187257
Estimated 11721521 in 1535 blks
Network total 77.658 Thash/s
Blocks/hour 5.82 / 619 s
Bitcoin News - The coming political battle over Bitcoin which is quite heartening as it claims that Bitcoin had the attention of the mainstream media. However further reading is disappointing, as it talked about Bitcoin being misused by criminal elements, as if the USD or any other currency hasn't. Next on CNN Money, "I would be very surprised if Bitcoin is still around in 10 years," said Bremmer, the founder and CEO of Eurasia Group, the world's largest risk consulting firm. A doomsday prediction for Bitcoin. Definitely hope that he is wrong and absolutely wrong.
Wednesday 15 May 2013
Bitcoin Gets Venture Funding
Silicon Valley-based accelerator Boost VC is investing up to $350 000 on Bitcoin startups. This is certainly great news for us Bitcoin promoters. “We are especially interested in startups that make it easier to actually spend Bitcoin currency,” Boost VC Founder Alan Draper says. This will be exactly what Bitcoin needs! More consumers to adopt Bitcoins rather than we Geeks mining and playing around with it as a virtual currency. Now a respectable VC is putting in real money into our virtual currency to make it adoptable in the real world!
Bitcoin Wallet
The latest Bitcoin Wallet is version 0.8.1. It is a maintenance release and not a critical release. This is a maintenance release that adds a new network rule to avoid a chain-forking incompatibility with versions 0.7.2 and earlier. This was added in 18 Mar 2013. Since Bitcoin version 0.5.0 released 21 November 2011 I have not seen any major security bug fixes which goes to show that Bitcoin itself is heading towards stability. This is a very good show and a confidence booster for those who wants to adopt Bitcoin for their businesses.
Bitcoin Markets 15 May 2013
After the recent upheavals which had seen the Bitcoin breaching $200 and going below $50. We are now looking at more moderate range for the bitcoin. The last 30 days still reflect the upheaval quite badly. The range 50.01 — 166.43438. But as we can see the latest price now is $106 average of $112.84. Volume of 119 239.71.
Blocks 236239
Total BTC 11.156M
Difficulty 11187257
Estimated 11722007 in 1649 blks
Network total 80.575 Thash/s
Blocks/hour 6.04 / 596 s
One important characteristics of currency is stability and usability. Hoping to see stability, with stability, more vendors will more likely adopt the currency. The fluctuations is at low of 103.01847 and high of 119.80002 for the last 24 hours. We are using mtgoxUSD data which is the most popular Bitcoin exchange.
Blocks 236239
Total BTC 11.156M
Difficulty 11187257
Estimated 11722007 in 1649 blks
Network total 80.575 Thash/s
Blocks/hour 6.04 / 596 s
One important characteristics of currency is stability and usability. Hoping to see stability, with stability, more vendors will more likely adopt the currency. The fluctuations is at low of 103.01847 and high of 119.80002 for the last 24 hours. We are using mtgoxUSD data which is the most popular Bitcoin exchange.
Bitcoin Price
Bitcoin difficulty is now at an astronomical 11187257, it is basically useless to use GPU to mine it anymore even though the prices had gone up about 20 fold to $120. Those who are still mining are using ASICs more or less. One of the popular ones being from Butterfly Labs. I remembered when Butterfly Labs first made their claims on the Bitcoin Forums, they were created with skepticism. No one really believe that they can achieved. They did miss some figures but overall, they are doing extremely well.
Friday 11 January 2013
Bitcoin Update 0.7.2
Bitcoin version 0.7.2 is now available from:
http://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.7.2
This is a bug-fix minor release.
Please report bugs using the issue tracker at github:
https://github.com/bitcoin/bitcoin/issues
How to Upgrade
--------------
If you are running an older version, shut it down. Wait
until it has completely shut down (which might take a few minutes for older
versions), then run the installer (on Windows) or just copy over
/Applications/Bitcoin-Qt (on Mac) or bitcoind/bitcoin-qt (on Linux).
If you were running on Linux with a version that might have been compiled
with a different version of Berkeley DB (for example, if you were using an
Ubuntu PPA version), then run the old version again with the -detachdb
argument and shut it down; if you do not, then the new version will not
be able to read the database files and will exit with an error.
Explanation of -detachdb (and the new "stop true" RPC command):
The Berkeley DB database library stores data in both ".dat" and
"log" files, so the database is always in a consistent state,
even in case of power failure or other sudden shutdown. The
format of the ".dat" files is portable between different
versions of Berkeley DB, but the "log" files are not-- even minor
version differences may have incompatible "log" files. The
-detachdb option moves any pending changes from the "log" files
to the "blkindex.dat" file for maximum compatibility, but makes
shutdown much slower. Note that the "wallet.dat" file is always
detached, and versions prior to 0.6.0 detached all databases
at shutdown.
Bug fixes
---------
* Prevent RPC 'move' from deadlocking. This was caused by trying to lock the
database twice.
* Fix use-after-free problems in initialization and shutdown, the latter of
which caused Bitcoin-Qt to crash on Windows when exiting.
* Correct library linking so building on Windows natively works.
* Avoid a race condition and out-of-bounds read in block creation/mining code.
* Improve platform compatibility quirks, including fix for 100% CPU utilization
on FreeBSD 9.
* A few minor corrections to error handling, and updated translations.
* OSX 10.5 supported again
----------------------------------------------------
Thanks to everybody who contributed to this release:
Alex
dansmith
Gavin Andresen
Gregory Maxwell
Jeff Garzik
Luke Dashjr
Philip Kaufmann
Pieter Wuille
Wladimir J. van der Laan
grimd34th
http://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.7.2
This is a bug-fix minor release.
Please report bugs using the issue tracker at github:
https://github.com/bitcoin/bitcoin/issues
How to Upgrade
--------------
If you are running an older version, shut it down. Wait
until it has completely shut down (which might take a few minutes for older
versions), then run the installer (on Windows) or just copy over
/Applications/Bitcoin-Qt (on Mac) or bitcoind/bitcoin-qt (on Linux).
If you were running on Linux with a version that might have been compiled
with a different version of Berkeley DB (for example, if you were using an
Ubuntu PPA version), then run the old version again with the -detachdb
argument and shut it down; if you do not, then the new version will not
be able to read the database files and will exit with an error.
Explanation of -detachdb (and the new "stop true" RPC command):
The Berkeley DB database library stores data in both ".dat" and
"log" files, so the database is always in a consistent state,
even in case of power failure or other sudden shutdown. The
format of the ".dat" files is portable between different
versions of Berkeley DB, but the "log" files are not-- even minor
version differences may have incompatible "log" files. The
-detachdb option moves any pending changes from the "log" files
to the "blkindex.dat" file for maximum compatibility, but makes
shutdown much slower. Note that the "wallet.dat" file is always
detached, and versions prior to 0.6.0 detached all databases
at shutdown.
Bug fixes
---------
* Prevent RPC 'move' from deadlocking. This was caused by trying to lock the
database twice.
* Fix use-after-free problems in initialization and shutdown, the latter of
which caused Bitcoin-Qt to crash on Windows when exiting.
* Correct library linking so building on Windows natively works.
* Avoid a race condition and out-of-bounds read in block creation/mining code.
* Improve platform compatibility quirks, including fix for 100% CPU utilization
on FreeBSD 9.
* A few minor corrections to error handling, and updated translations.
* OSX 10.5 supported again
----------------------------------------------------
Thanks to everybody who contributed to this release:
Alex
dansmith
Gavin Andresen
Gregory Maxwell
Jeff Garzik
Luke Dashjr
Philip Kaufmann
Pieter Wuille
Wladimir J. van der Laan
grimd34th
Tuesday 8 January 2013
Bitcoin accepted by Wordpress.com
As we all know Bitcoin is a revolutionary currency that has gain increasing acceptance in more in the tech fields and within the geeks communities. It was hard work having businesses all over the world, especially Brick and Mortar Businesses to recognize Bitcoin. Bitcoin has come a long way. Initially it was only mined by those with extra CPU power. This has evolved into GPU Bitcoin Mining Rigs, with owners willing to spend tens of thousands of dollars to build the rigs and also thousands of dollars to run the rigs as well as to cool them down. With the development of FPGA we can see more and more Bitcoin Mining rigs that are specially built for Bitcoin Mining. The cost of such specialized hardware is definitely more than GPU, though operations will be cheaper as less electricity is needed. The trend shows that adopters strongly believe that the Bitcoin is here to stay.
One extremely encouraging development is that of Wordpress.com accepting Bitcoins for upgrading of the blog purposes. The fact that Wordpress.com, one of the largest blog sites as well as the developer of Wordpress decides to accept Bitcoin is really a great stimulus to the Bitcoin Community. At present we are seeing tremendous interest in Bitcoins with mining network of 22.183 Thash/s. Bitcoin has been developing from strength to strength, it is hoped that in the not too long future, Brick and Mortar shops can accept Bitcoin as they had done with credit cards. I guess the day won't be too far off.
One extremely encouraging development is that of Wordpress.com accepting Bitcoins for upgrading of the blog purposes. The fact that Wordpress.com, one of the largest blog sites as well as the developer of Wordpress decides to accept Bitcoin is really a great stimulus to the Bitcoin Community. At present we are seeing tremendous interest in Bitcoins with mining network of 22.183 Thash/s. Bitcoin has been developing from strength to strength, it is hoped that in the not too long future, Brick and Mortar shops can accept Bitcoin as they had done with credit cards. I guess the day won't be too far off.
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