Last year, Kotaku showed images of a Bitcoin mining operation in Hong Kong. It was fancy! However, these recent photos of a Bitcoin mine in northeast China are anything but.
Bitcoin, the "currency of the Internet," is now accepted by Zynga, whose FarmVille franchise also celebrates the economic ideal of paying real cash to acquire completely abstract commodities.
Kanye Coins: first there was Bitcoin. Then there was Dogecoin. Really, it was only a matter of time before we got Coinye, the Kanye West-themed "cryptocurrency" that launches in nine days. It's not Kanye-official, but, still: no one man should have all that Coinye.
Bitcoin has fascinated people for a little bit now. It's got that futuristic sounding name that sounds cool. Seems like something you should get into, right? But don't be like the six percent of surveyed Americans who thought that Bitcoin was an Xbox game. Because it's not.
Bitcoins are digital currency that can be mined by computers solving mathematical puzzles. Over the years, they've shot up in value. They might make you rich! Maybe not! It's a Bitcoin rush, and the mining operations are getting large, complex, and bonkers.
Three gamers have sued the ESEA League, one of the largest PC gaming leagues, for the surreptitious installation on their computers of malware that "mined" the virtual currency called bitcoins, netting a rogue ESEA employee some $3,700 back in April. Their lawsuit seeks class action status.
ESEA League, one of the largest PC gaming leagues, has admitted to putting code into the league's client software to "mine" bitcoins, the open-source Internet currency now exchanging for around $130 per. The league is offering free memberships as some members complain the code damaged their video cards.