One of Bitcoin’s big advantages is that it is decentralised with nobody in overall control. But now a simple strategy has emerged that could allow almost any group to take over, say computer security analysts. The digital currency Bitcoin is one of the zeitgeist phenomena of our time. …er crunching. When anybody solves such a puzzle, they can record new transactions and are rewarded with a fee in the form of new Bitcoins. Hence the emergence of Bitcoin miners . These are people who devote computing power to solve cryptopuzzles and are paid for their work in Bitcoins.

Well that was fast! Less than a month after consumer-focused bitcoin platform Coinbase hit the App Store it's been yanked by Apple. As TechCrunch reports, Coinbase CEO Brian Armstrong is baffled by Apple's decision to pull the app and has no idea why it was axed, saying "We're not sure…A volatile price and huge spikes has made it a tough recommendation for things like, oh, your life savings for example. Still, it's definitely a legitimate currency option and it will be interesting to hear Apple's eventual explanation for why the Coinbase app has been shut down. Share

Bitcoin: an amazing story involving aliens,gold,and the ancient currency of Rai Stones. If you thought technology was already disruptive enough,here’s the news. We’re just getting started. The Roman Rallying sequence in the Top Gear Middle East Special is an exhilarating example of the…re than a smart interface into the traditional banking world. As such they’re not creating a new game so much as simply making it more efficient to play the old one – and taking their cut to do so too. What’s cool about Bitcoin is that it’s inventing a totally new ball game altogether.

Hey guys, I'm pretty bored right now till I get released from the newbie section so I thought I'd write a little guide, to help people get started in Mining.I figured it would be easier for people to start CPU Mining to begin with, then they can move onto GPU mining, once they feel com…can call it anywhere from the /bin/ dir. - Don't worry if you don't understand, It's not needed Now back in the terminal, type: minerd --help We're just going to be using the minimal switch arguments, which is --URL - For the Mining Pool we want to join to start mining. And: --userpass

There are two variations of the original bitcoin program available; one with a graphical user interface (usually referred to as just “Bitcoin”), and a 'headless' version (called bitcoind). They are completely compatible with each other, and take the same command-line arguments, read th…s (default: 0) -datadir= Specify data directory -dbcache= Set database cache size in megabytes (default: 25) -timeout= Specify connection timeout in milliseconds (default: 5000) -proxy= Connect through socks proxy -socks= Select the version of socks proxy to use (4-5, default: 5) -tor=