Archive for the ‘Crypto News’ Category

dell-bitcoin

It was big news for Bitcoin and crypto currencies in general when last summer Dell announced that they are going to start accepting Bitcoin payments in the U.S. and another good news just came from the company. Today Coinbase, the payment processor that Dell uses for Bitcoin payments, announced that they are working with Dell to expand Bitcoin as a payment option for Dell’s customers in the United Kingdom and Canada. Although it is still very limited in terms of international markets that will be supported, the fact that Dell is willing to expand the support for crypto payments is a positive sign that it is apparently working for them generating extra profit for the company. And if large companies such as Dell find Bitcoin payments useful (profitable), then this is really positive recognition of the BTC.

usms-50k-bitcoins-auction

The USMS has announced that they are going to be holding another auction for 50000 more Bitcoins from the BTC seized as a part of the Silk Road bust. The auction will be held on March 5th, but the bidders that are interested to participate in the BTC auction need to register not later than March 2nd. This will be the third and most likely not the last auction that the US Marshals Service will for confiscated Bitcoins associated with the Silk Road case now that Ross Ulbricht has been found guilty as the operator of the Silk Road black market. It will be interesting to see what will be the interest this time and to see what will be the price of the winning big now that the Bitcoin exchange rate is not that high, especially compared to the first auction where the price per BTC was probably in the 700 USD range.

For additional details and requirements to participate in the new BTC auction by USMS…

nicehash-new-fixed-order-price

NiceHash and WestHash has introduced a new option for people that are using the services for renting hashrate for various crypto currency algorithms – fixed order price. Up until now you had to set the price you are willing to pay for the hashrate you need and if the current market price, if the current market price was higher you either needed to pay more or wait for cheaper hashrate to be available. On the other hand with fixed order price you are going to get all the hashrate you need for the time-frame you need guaranteed, however this may end up costing you more than with standard orders using the current market price. We have checked the new feature and currently it seems that not yet all of the algorithms are useable with the new fixed order price option as you get an error that not enough hashpower is available, but probably in a few days there should be no problems with hashrate availability. It is interesting to see if the introduction of fixed order price option will also lead to increase in the profit for the people that sell their hashrate using the service in the following days…


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