A few years back after the last halving I wrote an article shortly after the first halving block 210,000 was mined dropping the subsidy from 50 BTC to 25 BTC. Since block 420,000 was just mined reducing the subsidy from 25 BTC to 12.5 BTC I thought it would be an appropriate time to wite a follow-up...
CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams) { int halvings = nHeight / consensusParams.nSubsidyHalvingInterval; // Force block reward to zero when right shift is undefined. if (halvings >= 64) return 0; CAmount nSubsidy = 50 * COIN; // Subsidy is cut in half every…

Physics and economics will distributed mining… I’m not worried

Every now and then I read something that I think is inspired. In this instance I came across a post by reddit post by someone going by the handle of foolish_austrian. His expertise and unique look on where bitcoin mining may be in the long term really captured my imagination and I thought readers may enjoy his far off vision of where mining may lead is in the future.

Bitcoin difficulty reversing

As the graph below from BitcoinWisdom shows for the first time since just before ASICs (Application Specific Integrated Circuits) started to work on the bitcoin network it is possible that we may see a decrease in the difficulty of the bitcoin network. If you click on the graph and go to BitcoinWisdom the telling like is the green one, it is the actual hashrate of the bitcoin network derived from the average time that it takes to solve a block. [ 670 more words. ]

BTCGuild may be closing

BTCGuild, one of the oldest mining pools that first opened on the 9th of May 2011 issued a statement on their website and reddit that the pool will be closing on the 30th of November 2014. The full statement from the website is;- BTC Guild Shutting Down After many months of consideration, I have finally made the choice to announce the planned closure of BTC Guild. [ 941 more words. ]

How I accidentally hacked the igot exchange

Preface I agonized a bit about if should post this, igot responded and acknowledged the problem but unfortunately they don't see it as a major issue at the moment saying "Since this is a small amount, this is not going to be investigated on priority." My mind goes to MtGOX and Moolah though, both are recent examples of an exchange giving out more funds than the client had available (if we believe the official stories) and I think how things could have been different if the person that discovered a flaw in the exchange had, instead of doing what he/she did, informed the exchanges of the problem so the issue could be fixed. [ 1167 more words. ]

Warning: Do not download bitcoin from SourceForge

In a continuation of today's earlier news that Satoshi's email account has been compromised it now seems that the perpetrator has used the email account to compromise other Satoshi accounts. First, Satochi's P2P Foundation account posted a message warning Satoshi that some of his information was being sold on the darkNet;- Dear Satoshi. Your dox, passwords and IP addresses are being sold on the darknet. [ 138 more words. ]

Satochi Nakamoto’s email address appairs compromised

Satochi Nakamoto, much revered and currently missing inventor of bitcoin seems to have had his email address compromised by an unknown agent. You may or not remember, Satochi exclusively used one email address when he was active in the bitcoin community, … [ 274 more words. ]

New Zealand Exchange hacked, 39 bitcoin stolen.

New Zealand bitcoin exchange site has been taken by the administrator leaving the message “ under maintenance. Apologies for the inconvenience (contact(at)”. It seems that last monday at 3am New Zealand 39 time… [ 324 more words. ]

13th Million Bitcoin Mined

It is in truth a minor milestone but for those who like “large whole numbers” block 310001 has just been mined by Ghash.IO pushing the total amount of bitcoin to 13,000,000. At the current price of somewhere about $622 per bitcoin that puts… [ 116 more words. ]

Timothy C. Draper won all of the FBI SilkRoad Bitcoins

It was quite possible we may have never found out who won the US Marshal Service auction for the 30,000 Bitcoin (just under 20 Million USD at today’s rate). It was quite possible that the next time we saw any movement from the address containing… [ 157 more words. ]

29,658.80112195 Confiscated FBI Coins on the move

We have been waiting and here it is, the 29,658.80112195 Confiscated FBI Coins held in 1Ez69SnzzmePmZX3WpEzMKTrcBF2gpNQ55 have started their move. They have been split out into the following addresses;- 1A6mFe9CMLXC4w4PDdbfihVrm33wTjnABD 0.00272195… [ 73 more words. ]

Silk Road 30,000 bitcoin auction causing stirs, what happens with it’s 144,341 bitcoin

We did not expect the US Marshals Service to release information about the auction of Silk Road bitcoin last week but in the absence of information speculation both on the markets and on the internet is building. First Barry Silbert, Founder… [ 375 more words. ]
It has long been known that JavaScipt's Math Functions are not up to a good enough standard to be used in Cryptography. In particular the random function has many documented flaws easily available...
It has only been six months since Target Customers had their credit card details sold on rescator[dot]so and today we have news of another Credit Card breach at P.F. Chang’s with users details once...

Review: Spondoolies-Tech SP10 Dawson (Part Two)

In the previous part of this review I discussed how I ended up receiving my Spondoolies-Tech SP10 Dawson. This time around I am going to go a deeper into the Operating System that runs Spondoolies-Tech miners. The SP10 Dawson comes with a modified… [ 1262 more words. ]

Review: Spondoolies-Tech SP10 Dawson (Part One)

About a month ago I received a pleasant email from a gentleman named Stas, he complimented me on MinePeon and asked me if I would have any issue if he included all or parts MinePeon on a new range of miners that he was intending to bring to market. I… [ 1165 more words. ]

MinePeon for BeagleBone Black Alpha

MinePeon users have been asking for this for a while and I am finally glad to announce, MinePeon has been ported! For now it is just for the BeagleBone Black and while it is very Alpha but it appears very stable. Plans for he x86/64 version are still in… [ 189 more words. ]