After rising from under $1,000 to almost $20,000 in the past year, Bitcoin crashed spectacularly this morning, dropping to as low as $11,000 per Bitcoin before rebounding to a little over $13,000. The news has plenty of cryptocurrency investors spooked. It even knocked popular digital currency exchange Coinbase …
Steam announced today that it will no longer accept Bitcoin, an invisible currency we never knew it had accepted, anyway. Citing Bitcoin’s volatility and increasing processing fees, Steam says Bitcoin is no longer tenable for them as a payment option. Isn’t this the kind of thing it was made for in the first place?
If you’ve been tempted to get in on the blockchain currency racket, first read tech writer Mark Frauenfelder’s story of losing access to $30,000 in bitcoin. Ask yourself if you could handle the stress of trying to guess a seven-digit PIN, knowing that every time you guessed wrong, your money would get locked away for…
“In battle, the commander is the first one to go over the top,” Joe McKinney, shirt unbuttoned, wearing a shower cap and one of those airplane neck pillows, exclaims over music swelling from every direction. He’s having a great time, romping around San Francisco as part of a “decentralized dance party”—a roving DJ set…
Ever wondered what a large-scale Bitcoin mine looks like? Well this video allows you to step inside a Chinese factory where the equivalent of $8 million of the cryptocurrency is generated every single year.
This story was originally published on December 8, 2015. Shortly thereafter, Craig Wright scrubbed much of his digital presence and disappeared for months—until May 2, 2016, when he publicly announced that he is the creator of Bitcoin.
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.