CoinGeek.com Funds Electron Cash Team to Develop Bitcoin Cash Open Source Projects With nChain

CoinGeek.com announces funding of up to USD $300,000 per year for Bitcoin Cash (BCH) open source projects to be developed by the Electron Cash team.  Electron Cash is an electronic wallet tailored for the BCH chain.  nChain, the blockchain research & development specialist, will support the new Electron Cash development projects with technical expertise and intellectual property licenses.  This new Electron Cash initiative comes hot on the heels of CoinGeek.com's funding of another open source project, Terab, which aims to facilitate terabyte size blocks* on the BCH blockchain.

Led by Jonald Fyookball, the Electron Cash team believes that Bitcoin Cash is the true Bitcoin, and fulfils the Satoshi Nakamoto white paper's vision for a peer-to-peer electronic cash system.  The Electron Cash team will use CoinGeek.com's funding to professionalize its development groups, so they can devote more time to creating software projects for the Bitcoin Cash ecosystem.  All software created in this initiative will be made available to the public for usage under an open source license, but only for usage on the BCH chain.

The Electron Cash team will manage all development.  Enhancing CoinGeek.com's financial investment, nChain will provide technical advice, support from its research and development team members, and intellectual property licenses when relevant for selected projects. nChain's Chief Scientist Craig Wright will work with the Electron Cash team to advise on projects.

In addition to this partnership with Electron Cash, CoinGeek.com intends to support more initiatives that will enable global growth and adoption of Bitcoin Cash. If you are a developer or technology venture that needs funding to develop projects or applications for the Bitcoin Cash chain, send your pitch via http://coingeek.com/contact.

SOURCE CoinGeek.com

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Pilot Translating Earpiece

Looking around the internet, I came across this amazing little piece of tech : The Pilot Translating Earpiece

Pilot translating earpiece translates between users speaking different languages with Bluetooth in real time.

This basically hacks the language barrier to pieces. And the best part about the entire thing, is that it costs $250.

Anyone with a smart phone and $250 can have a conversation with basically anyone on earth.

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Pilot Translating Earpiece

Looking around the internet, I came across this amazing little piece of tech : The Pilot Translating Earpiece

Pilot translating earpiece translates between users speaking different languages with Bluetooth in real time.

This basically hacks the language barrier to pieces. And the best part about the entire thing, is that it costs $250.

Anyone with a smart phone and $250 can have a conversation with basically anyone on earth.

Read More

'Digging' Bitcoin in China remains whether interest rates halved

Bitcoin price has increased 1,400% last year, increasing demand for electricity to dig virtual currency globally. 75% of bitcoin mining concentrated in China - the country with large amount of phone users in the world.

Even with the highest electricity price bracket in China, miners can still benefit from Bitcoin, as long as this currency worth more than 6925 USD. Currently, each Bitcoin traded around the landmark than 13,700 USD, down about 29% since peaking record

China is more tightly controlled, limited power to dig virtual money. According to Digiconomist Bitcoin Energy Consumption Index, the virtual money power consumption equivalent to 3.4 million households in the US.

In China, the miner uses 15.4 terawatts. BNEF's report shows, the Bitcoin miner in China is only 0.2% use the amount of power consumed each year in this country, even the world's largest community.

According to Sophie Lu - a specialist in BNEFF, peach Bitcoin in China can profit with the highest cost per kilowatt is 0.13 USD. However, many companies here can benefit from negotiated rates 0.03 USD. So they will still profit if Bitcoin at least 3869 USD.

Lu said that if China's policy tightening power management, the miner will be easily transferred to other countries. Because the virtual machine to dig the money can only be used for more than two years and the other components also quite cheap.

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