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…

Updates and New More Affordable Beginner Trade Bot from Haasonline

18 Mar
2014

haasonline-beginer-trade-bot

A new version of the Haasonline Automated Trading Bot software was released along with an update for the trading platform for existing users. The new Beginner Trade Bot is a bit more limited compared to the Simple and Advanced versions of the trading software, but also comes at a much affordable price, making it ideal for people that want to try it out first without having to invest a lot in the software for the more expensive licenses. And the good news is that you can upgrade at a later time to the other two versions by paying for the difference, so if you like the results and need more features you can upgrade, if not you would not have paid up to 0.9 BTC to see that this software is not for you. The price for a license for the Beginner Trade Bot is 0.25 BTC and you can get 5% discount if you add the coupon code “5off” (without the quotes) on checkout. Note that the promo code for the discount can also be used for the other two versions of the software, not only for the Beginner license.

The update to the software that existing users have received brought some new features and improvements, but due to changes in how user settings are stored in the new version after upgrading the trade bot configuration and the exchange API keys will be lost and yo will need to set them again and that can be a bit of a bother, especially if you have configured a lot of bots already with different settings. On the other hand there are some useful improvements in the new version along with new indicators, better options for selecting the trading amount that the bot can operate with and more advanced check if the set orders have executed or not. With the older version we had a few cases when an order is sent to an exchange such as Cryptsy and not getting executed for a while without getting removed due to a timeout, so hopefully the new update will fix these problems. We are currently testing the automated trading bot on LTC/BTC trading to see how good it will perform in the current market situation with the Litecoin prices going up and so far we are seeing good results getting some profit from our automated trades.

– For more information about the Haasonline Automated Trading Bot for crypto currencies…

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.

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