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.
Wednesday, 1 August 2012
Bitcoinica Still Out of Action
Bitcoinica is still out of action, with the postings growing more and more angry and fedup with the pace of development. We really hope that Bitcoinica can be back in action and all funds are allocated to the correct customers. It is a very interesting part of Bitcoin and hopefully it will continue to be a very interesting part of Bitcoin.
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