Saturday, 20 December 2014

GAW Miners has begun the process of distributing paycoins to its customers.

Paycoin launched on 12th December, kickstarting both a sharp jump in hosted mining prices and a period of sustained trading on several altcoin exchanges. The coin has attracted attention due to the ongoing discussion surrounding GAW Miners, promises of crypto 2.0 functionality and a commitment to shore up its price at $20. The altcoin saw significant amounts of hashing power both at launch and since, with as much as 50 PH/s directed toward the coin at fluctuating periods during the week. With 12m paycoins already premined for the company’s...

Saturday, 11 January 2014

Bitcoin | The Bitcoin-Mining Arms Race Heats Up

By Ashlee Vance and Brad Stone from Business WeekFlickinger, 37, a software engineer and IT consultant by trade, doesn’t leave the house much these days. He’s a full-time Bitcoin miner.Bitcoin is the digital currency that thrills nerds, inspires libertarians, and incites the passions of economists who debate the value of money made from nothing but ones and zeroes. Devotees watch the fluctuations of Bitcoin’s price with a fanaticism typically reserved...