Archive for the ‘Crypto News’ Category

Motherboard Maker Biostar To Launch Bitcoin ASIC Devices Soon

18, Mar 2014

biostar-btc-24gh-bitcoin-asic

The motherboard maker Biostar is apparently going to be launching soon a dedicated crypto mining motherboard or as the call it a “Professional Bitcoin Mining Machine”. The product called Biostar BTC-24GH will use 64 ASIC chips on a single board that supposedly will provide 24 GH/s hashrate for mining Bitcoins (SHA-256). There is no word about release date or pricing available, but this offer already seems like a too little, too late thing with other ASIC makers going for the Terahash range already and the newtwork difficulty already way too high for just 24 GH/s to be profitable, unless it is very power efficient and very cheap, both of which do not seem very likely and you’ll now in a moment why.

biostar-btc-24gh-bitcoin-asic-2

The specifications of the 24 GH/s SHA-256 ASIC device say 130W as power consumption per module and you can stack up modules, up to 50 together for higher hashrate. Each module will be with dimensions of 244×244 millimeters and use COM to USB connection to the computer. With 50 of these boards you could get up to 1.2 TH/s hashrate which does not sound bad at all, if the price is right, however you would need 6500W of power so in terms of performance per watt the Biostar BTC-24GH won’t be interesting at all. As we’ve already said: too little, too late .

– For more information about the Biostar BTC-24GH Bitcoin mining ASIC devices…

Update with the MtGox Situation, Check Your Account Balance

18, Mar 2014

mtgox-website-login-page

It seems that MtGox has updated their website by providing a login option, so that users can check their wallet balance in the service to see what coins and money they are having in MtGox. There is also the text below that describes what is the purpose of the login option:

Important announcement to all users confirming their account
This balance confirmation service is provided on this site only for the convenience of all users.
Please be aware that confirming the balance on this site does not constitute a filing of rehabilitation claims under the civil rehabilitation procedure and note that the balance amounts shown on this site should also not be considered an acknowledgment by MtGox Co., Ltd. of the amount of any rehabilitation claims of users.
Rehabilitation claims under a civil rehabilitation procedure become confirmed from a filing which is followed by an investigation procedure. The method for filing claims will be published on this site as soon as we will be in situation to announce it.

We have logged in to check if the website does indeed show the correct balances from before going offline and we could see what we’ve had in our account listed correctly. Just a few Bitcoin cents that were there for the sake of testing some automated trading solutions with MtGox support, otherwise we would not have any BTC there.

Inside Bitcoins – The Future of Virtual Currency Conference

17, Mar 2014

inside-bitcoins-conference

The upcoming Inside Bitcoins conference will tackle the hard issues surrounding the recently-mainstreamed cryptocurrency, the event will take place in New York City, USA for two tracks of programming on April 7-8 at the Javits Convention Center. More than 80 speakers are expected that are industry experts and business visionaries converge to analyze the first digital, decentralized, peer-to-peer based global currency. Attendees will gain insight into the future of bitcoin through carefully-curated information sessions including “Politics, Press and Regulation: Bitcoin in Washington, DC”, “Bitcoin in the Cloud”, “Wall Street’s View of Fair Value for Bitcoin”, “The State of Bitcoin Security”, “The Bitcoin Startup Ecosystem”, and more. The recent issues surrounding the crash of one of bitcoin’s earliest and largest exchange sites will be explored in the newly-added session, “MtGox: Collapse of a Bitcoin Giant”, taking place on April 8. Join us at Inside Bitcoins New York and get the answers to all of your questions surrounding the current state of bitcoin.

Who is this event for? The answer is anyone with a vested interest in Bitcoins and other virtual currencies, including, but not limited to: Developers, Entrepreneurs, Financial professionals, Private equity, corporate, angel and venture capital investors, Banks and financial institutions, Brick-and-mortar merchants and online retailers, Credit and loyalty solution providers, Consultants, Daily deal and group buying networks, Data and payment processors, Legal professionals, Security solution providers, Founders of early stage and emerging growth companies. For the moment a one day conference pass is available for $399 USD and the full conference pass is available for $499 USD, though these are early bird access prices – the onsite prices will be higher.

– For more information about the Inside Bitcoins conference and the event agenda…


top