KnCMiner Sam Cole and Marcus Erlandsson,cofounders of KnCMiner Say what you want about the long-term viability of Bitcoin,the digital currency that's been going crazy lately. Bitcoin has been incredibly lucrative for Sam Cole,Marcus Erlandsson and Andreas Kennemar. Because of Bitcoin,t…n buy them. You can take them as payment for products or services. You can go out into cyberspace and create them,otherwise called "mining." KnCMiner Andreas Kennemer,cofounder,KnCMiner Mining a Bitcoin is hard for a typical computer to do. A computer has to solve a series of difficult

Pool revenue using the Selfsh-Mine strategy for different propagation factors, compared to the honest Bitcoin protocol. Simulation matches the theoretical analysis, and both show that Selfsh-Mine results in higher revenues than the honest protocol above a threshold. Credit: arXiv:1311.…hare. "This attack can have significant consequences for Bitcoin, " they warned, where rational miners join selfish miners and the colluding group increases increase in size until it becomes a majority. At this point, they said, the Bitcoin system ceases to be a decentralized currency.

The ideas goes back to a concept called HashCash which was meant as a deterrent to spam. When an e-mail is sent another value must be sent with it. When you take this value, add it to the message, and then take a cryptographic hash you must have a hash value with certain characteristic… that meets the criteria. As more people mine Bitcoin the problem gets harder and harder so that a block is created every 10 minutes on average. This is done by increasing the number of zeros. So a has that starts with “0…” easy, one that starts with “00…” is a bit harder and so forth.

Am 6. Juni waren der Bundestagsabgeordnete Frank Schffler und der Bitcoin-Unternehmer Oliver Flaskmper zu Gast beim Bitcoin-Kieztalk. Er wird von der Crypto Economic Consulting Group und der BXB organisiert, um Bitcoin noch bekannter zu machen.Unser erster Abend kam gut an: Die Fabelha…atlichung des Geldes. "Bitcoin wird sich nicht von oben durchsetzen, wir mssen eine Gegenmacht gegen die politische Macht bilden" forderte er das Publikum auf, das ob solcher Tne aus dem Mund eines Politikers offensichtlich berrascht war. Weitere Videos der Veranstaltung werden folgen.

I'm quite interested in Bitcoin mining , I've been researching it for a few months now and I've known of it for nearly a year now. I saw the bubble inflate and then burst, but I'm quite conservative with my money so I didn't get bitten by the bubble bursting and pulled out at $170, ear…xcess of $40000/year (not accounting for electricity costs and assuming Difficulty & exchange rates stay constant) with a 5GH/s machine. Forgive me if I'm being pessimistic, but that sounds too good to be true. So should I take the plunge and buy the 5GH/s miner? Or is it not worth it?