Nov 22
Congratulations to all aspiring crypto-currency cosmonauts out there; you’ll soon be able to use Bitcoin, everyone’s favorite pseudomonetary bubble, to book flights on Richard Branson’s Virgin Galactic space boats.
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Nov 22
Virgin Galactic has jumped on the Bitcoin train, with founder Richard Branson announcing it will accept the topical virtual currency for tickets on its space flights. According to Branson, at least one Virgin Galactic early-adopter has paid for her ticket for an upcoming flight in Bitcoins, and the outspoken exec says there are obvious parallels […]
Nov 22
As the value and credibility of Bitcoin continues to skyrocket, Virgin founder Richard Branson now wants to let people use the digital currency to finance a flight into space. Ahead of its first trips next year, Virgin Galactic has already had one “future astronaut” from Hawaii book a Bitcoin-funded ticket and hopes that its affluent clientele will follow suit. An investor himself, Branson has been pushing for governments to regulate the peer-to-peer payment system and believes that today’s announcement will give it more credibility. Neither Virgin Galactic nor Branson has indicated just how many Bitcoins you’ll need before you get a return ticket to the heavens, but we suspect this isn’t the future that Gene Roddenberry was planning.
Filed under: Internet
Via: CNBC
Source: Virgin
Nov 21
Bitcoin has been around for a handful of years, but has only recently seen widespread attention and a skyrocketing value all the while. ATMs that work with the currency cropped up earlier this year, and soon retailers and different services started announcing acceptance of the digital monies. That red carpet has expanded, with the first-ever […]
Nov 21
The University of Nicosia in Cyprus has just become the world’s first accredited university to accep
Posted in: Today's ChiliThe University of Nicosia in Cyprus has just become the world’s first accredited university to accept payments from students for tuition in Bitcoin.
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Nov 19
E-Sports Entertainment Association, otherwise known as the ESEA, was fined a total of $1 million due to secret bitcoin mining software that resulted in gamers’ unknowing harvesting the digital currency. The work was said to be the result of a single employee who went rogue and was later fired, but that didn’t stop legal actions […]
Nov 18
Bitcoin mining motherboards promise huge profits (for your energy provider)
Posted in: Today's Chili
As Bitcoins have become more valuable, they’ve also become much harder to accumulate using the mathematical process known as “mining.” This air of futility hasn’t fazed ASRock, however, as the company has revealed two new motherboards that promise to help DIY-ers to “join the gold rush now!” The H61 Pro BTC and H81 Pro BTC are both Intel socket boards, with the latter being Haswell compatible, and their main party trick is to carry extra PCIe slots and power connectors so you can exploit the compute power of up to six graphics cards simultaneously.
What ASRock doesn’t specify, however, is how much profit one of its fully-loaded mining motherboards might deliver. So, although we’re quite deliberately not experts at this stuff (aside from a bit of armchair interest), we plugged some numbers into the Bitcoin Profitability Calculator, based on six Radeon HD 7990 cards running in parallel, and discovered that this monster of a system might never actually break even, due to its ridiculously high energy costs. This could well explain why all the big boys use dedicated ASIC boards for mining these days, instead of consumer-grade hardware.
Filed under: Desktops
Via: Bit-tech
Source: ASRock [1], [2]
Nov 18
As Bitcoin settles in for another spasmodic leap in the ticker graphs, key agencies in the United States government are telling elected officials that Bitcoin is a legitimate financial instrument. Officials from the Department of Justice, the Securities and Exchange Commission, the Federal Reserve and other experts released letters ahead of a Senate Homeland Security […]
Nov 17
The Bitcoin phenomenon does not look as though it is about to slow down in the immediate future, but rather, it has more or less grown from strength to strength. For instance, it was recently named as actual legal tender in the country of Germany, now how about that? I suppose anything that offers a certain amount of reward with the least level of effort or investment is always going to be popular as folks look for shortcuts (some call it efficiency) in life. Perhaps it is the fact that just about anyone is able to “make” new Bitcoins simply by having computers “mine” new ones has made this mode of currency so popular, and with the processing power of PCs increasing exponentially with each new generation of processors, these factors have really made Bitcoins explode. ASRock of Taiwan has come up with a couple of new motherboards which they touted are able to help with Bitcoin mining, as the motherboards were specially designed in such a direction.
Known as the H81 Pro BTC and H61 Pro BTC models, they allow folks to build their own desktop PCs which are able to support up to half a dozen graphics cards. Both boards will also be equipped with a pair of additional 4-pin power connectors compared to a standard issue motherboard. ASRock mentioned, “The abundant onboard PCIe slots guarantee fast GPU mining, while the additional power connectors provide advanced system stability while mining.” No pricing or availability dates have been announced for either motherboard as at press time. [Press Release]
ASRock H81 Pro BTC & H61 Pro BTC For Bitcoin Mining original content from Ubergizmo. 
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Nov 13
What Will Kill Bitcoin First?
Posted in: Today's Chili
Almost exactly two years ago, Wired published a feature about Bitcoin, comparing the cryptocurrency to "overhyped Silicon Valley IPOs." The headline read, matter-of-factly, "The Rise and Fall of Bitcoin." And, while the magazine was right about the rise, the fall is still to come.
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