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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: bitcoin mining

Scaling at Stanford: Transistors for Mining and Processing One Gigabyte Blocks

Category: Blockchain, Mining, News

Scaling at Stanford: Transistors for Mining and Processing One Gigabyte Blocks

Last weekend the fourth Scaling Bitcoin Workshop took place in Stanford, California. One explored the relationship between mining, hardware and scalability; the other reports an experiment using gigabyte sized block processing with today’s soft- and hardware. Scaling Bitcoin Workshop There should be little doubt that the Scaling Bitcoin Workshop is the most sophisticated Bitcoin conference. There are no exhibitions of…

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Russia’s Savvy Move to Boost Mining Energy Power

Category: Altcoins, Bitcoin, Mining, News

Russia’s Savvy Move to Boost Mining Energy Power

According to Vedomosti, the Russian-language business daily published in Moscow, major companies operating power plants in the country are leasing excess energy capacity to cryptocurrency miners. This move is being hailed as a boost for crypto miners who are seeing their electricity bills consume a significant proportion of their profits. At the center of this major development are two of…

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Chinese Manufacturing Giant Wants to Integrate Bitcoin Miners into Appliances

Category: Bitcoin, Business, News

Chinese Manufacturing Giant Wants to Integrate Bitcoin Miners into Appliances

Midea, a major Chinese electrical appliance manufacturer with an estimated annual revenue of $22.1 billion, is attempting to revive 21 Inc’s previous vision of integrating bitcoin miners into household appliances. With over 125,000 employees, Midea remains as one of the largest appliance manufacturers in China. The company has significant reach into the Chinese manufacturing and appliance markets, as it controls…

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A Guide to Mining Bitcoin

Category: Mining

A Guide to Mining Bitcoin

In this guide we explain what exactly bitcoin mining is and how to get started. What is Mining? Mining is the term used to refer to the process of bringing bitcoin into existence. While a bitcoin does not exist in a physical form, computers around the world mine bitcoin, which basically means that they verify transactions and record it onto…

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Feature, Bug or Backdoor? AntBleed Code Enables BitMain to Remotely Shut Down AntMiner

Category: Bitcoin, News, Tech

Feature, Bug or Backdoor? AntBleed Code Enables BitMain to Remotely Shut Down AntMiner

The scandals engulfing Chinese ASIC producer BitMain seem never to end. On April 26, a string of code in the AntMiner firmware was disclosed which can remotely shut down some of the mining machines. BTCManager talked with BitMain’s CEO Jihan Wu and a Canadian Miner; a Bug or Feature? On April 26, the website AntBleed.com went online. It discloses a…

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GAW Miners’ Josh Garza Pleads Guilty to Fraud, Settles a Deal

Category: Bitcoin, Commentary, News, Regulation

GAW Miners’ Josh Garza Pleads Guilty to Fraud, Settles a Deal

At last, Josh Garza, the founder of the PayCoin Ponzi scheme and CEO of GAW Miners pleaded guilty to wire fraud following an official complaint by the SEC filed in 2015. The US Department of Justice’s letter read: “We are currently negotiating an agreement with defendant Homero Joshua Garza to enter a plea of guilty to one count of wire…

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Maxwell Discovers Potential Covert Use of AsicBoost, Encourages SegWit Activation

Category: Bitcoin, Blockchain, News, Tech

Maxwell Discovers Potential Covert Use of AsicBoost, Encourages SegWit Activation

On April 6, Blockstream CTO and Bitcoin Core developer Greg Maxwell revealed on the Bitcoin development mailing list that a specific ASIC miner manufacturer had been covertly using AsicBoost to increase its mining revenue by at least 30 percent; many sources have reported it is indeed Bitmain, perhaps explaining their inertia regarding SegWit. Developed by former CoinTerra CTO Timo Hanke…

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F2Pool: Love Letter for a Hacker

Category: Bitcoin, Blockchain, Commentary, News, Tech

F2Pool: Love Letter for a Hacker

Has this ever happened before? On April 2, a hacker succeeded in kidnapping the hashes of some pool and forwarding them to F2Pool. Since the victims have been miners on AntPool, ViaBTC, and BTC.top, the hack is somehow connected to the block size debate. It must be fun being Wang Chun at this time. The young Chinese administrator of the…

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HaoBTC Shuts Down Exchange Services

Category: Bitcoin, Business, News

HaoBTC Shuts Down Exchange Services

After recent PBOC measures, the Chinese Bitcoin mining company known as HaoBTC is closing the doors on the portion of their business that is their modestly-sized bitcoin exchange. The PBOC’s regulatory requirements are likely to blame for the predictable demise of small exchanges like the one that will cease to operate over at HaoBTC. The exchange, launched in April 2016,…

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Satoshi Roundtable Review: Majority Supports SegWit, Roadmap Ahead

Category: Bitcoin, Commentary, News

Satoshi Roundtable Review: Majority Supports SegWit, Roadmap Ahead

In late January, developers, CEOs, investors, early adopters and influencers of Bitcoin and blockchain technology met at a private resort in Mexico with the absence of media members or partners to freely discuss issues and topics frequently brought up within the Bitcoin community. Representatives from the bitcoin industry, mining and development communities came together at the invite-only event organized annually…

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