Welcome to the CoinDesk Weekly Review 15th November 2013 – a regular look at the hottest,most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host … John Law. Why rob banks? It’s where the money is It seems it …,then they’ll break into the system with the keys,create a custom piece of malware,or simply bust down your door with guns and an offer you can’t refuse. It depends what’s in it for them. “Especially beware too-good-to-be-true offers from dodgy pseudonymous characters on the Internet.”

Chinese Bitcoin exchange ,BTC China – the world’s largest by trading volume according to Bitcoinity.org – has closed a $5 million Series A from institutional investors Lightspeed China Partners and Lightspeed Venture Partners. BTC China was bootstrapped prior to this round,with money p…hing 90, 000 Bitcoins in daily trading volume,and more than 200 million CNY in daily transactions. Asked what he attributes BTC China’s growth to,Lee told TechCrunch he believes Chinese people are viewing Bitcoin as another (albeit,relatively new) asset class,and investing accordingly.

A site that will show the cost for electrical power to generate a 50 BTC block given a hash rate, power usage and cost of electricity as inputs. Difficulty field: BlockExplorer provides the current difficulty. Hash rate field: the value can determined from your miner client, or from th… USD, using the typical U.S. residential rate (about $0.11/kWh). Given that a block is 50 BTC and the BTC/USD market rate on that date was about $0.75 USD, then over 18% of the proceeds from mining went to pay the cost of electricity required to mine that block. See Also External Links

Litecoin Published on April 10th, 2013 | by Stoz So the past few weeks have been pretty crazy have they not? Our favourite ( or is that best known) cryptocurrency Bitcoin, has literally exploded all over the world in a frenzy of media hype, bankster hate and general disbelief at the pr… that other parts are new as I would not like to buy any cheap/2nd hand PSU’s or Motherboards when dealing with systems that are always on and running flat out! AMD Athlon X2 250 42 Corsair 850W PSU (Gold rated) 126 Gigabyte GA990FXA 125 8GB Corsair 1600MHZ 56 Sapphire Vapor-x 5870 100

This week,Infiniti Poker is providing a bitcoin incentive to potential beta testers. The test is designed to prove their financial and Prestige Club Point accounting systems “to ensure accuracy,efficiency and effectiveness.” In an exclusive interview with pokerfuse last year, CEO Micha…m right of the table,but the The “check/fold” option is misplaced: When it is a player’s turn,the tick boxes are replaced by action buttons,attempting to click the “fold/check” option at the moment when the display changes can lead to accidentally clicking the co-located “call” button.

Attack on Bitcoins: The virtual currency that is creating a gold-rush amongst hackers Have you ever heard of "Bitcoins"? They are a virtual currency that has been in use since the beginning of 2009 through open-source software. Individual Bitcoins are calculated as cryptographic keys i…s. Even some online retailers accept the new currency. This is why Bitcoins are to be taken seriously and aren't just a pure fantasy dreamt up by idealistic individuals. You should, however, be careful and not consider it a real currency, as it is mainly an electronic collector's item.