Bitmain to Release New Bitcoin Miner in Bid to Attract Hobbyists

One ambitious bitcoin company is seeking to make mining a hobbyist activity again. China-based Bitmain let slip today it will soon release its latest bitcoin mining rig, the R4, which it believes will be powerful enough to “bring mining back home”. Representatives for Bitmain said in an email to CoinDesk that the R4 is “the second most powerful bitcoin miner in the world”, and that it will seek to reach enthusiasts with its production. By building the miner with 16nm chips, Bitmain said it is able to reduce the cost of electricity for the miner, a leading factor for profitability. According to the spec sheet, users can expect a hashrate of 8.6 TH/s with a power consumption and efficiency of 845W and nearly 0.1 J/GH, respectively. Ambitious...

Future Shock? Device Allows You to Implant Cryptographic Keys under the Skin

Future Shock? Device Allows You to Implant Cryptographic Keys under the Skin

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Want to be a cyborg?   Dangerous Things, a biohacking company, has developed a near-field communication (NFC) compliant chip that allows people to implant cryptographic keys under their skin, as reported by Motherboard. The chip is scheduled for release next year. Benefits Versus Privacy Implantable chips are good for people who have trouble holding onto their keys, but they also brings privacy issues. The Dangerous Things prototype, called UKI, merges a person’s physical and digital identities. UKI can cryptographically prove what a person did and when, such as when they signed an email. The device can also allow someone to integrate their...

Coinbase Enables Bitcoin, Ethereum Buying via Mobile in Europe

Coinbase Enables Bitcoin, Ethereum Buying via Mobile in Europe

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Prominent bitcoin and Ethereum wallet and exchange Coinbase has unveiled a new feature to users in Europe who will now be able to purchase the digital currencies on their phones, using a payment card. Coinbase has announced that its European customers can now purchase bitcoin and Ethereum on their mobile phones using a credit or debit card. The prominent bitcoin wallet and services provider revealed that forty percent of digital currency purchases via payment cards in the U.S. were done on mobile. The new feature is a means to making bitcoin- and ether-buying simpler and easier while on the go with a mobile phone. With its acceptance of payment...

Ethereum Classic Prices Plunge 20% as Trader Interest Wanes

Ethereum Classic Prices Plunge 20% as Trader Interest Wanes

The price of classic ether (ETC) has plunged over the past week, as the original excitement surrounding the newly created digital currency appears to have worn off with investors. The adjustment would appear to have taken some of the momentum out of the nascent ethereum classic blockchain, which has enjoyed notable price gains and trading volume despite the fact many analysts expected it to die of shortly after its unlikely creation. But those gains came to a halt this week, as ETC plunged 23.47% against ether (ETH) during the seven-day period, and it experienced a 23.16% loss against the US dollar in that time, Poloniex data reveal. At press time, the price was up slightly at 1.5% over the last 24 hours. For those who are less familiar, the digital currency came...

Bitcoin is Awesome: 3 Key Advantages of Bitcoin vs. Traditional Investment

Traditional investors have always approached digital currencies like Bitcoin with an additional precaution due to their highly volatile market value. However, the overwhelming performance of Bitcoin as an investment and a currency has attracted the likes of traditional investors over the past few months. Bitcoin as an investment tool provides investors with three significant advantages over traditional investments: liquidity, high market demand, minimalistic trading. Liquidity Bitcoin is regarded as one of the most liquid assets in the financial market today because of the global establishment of Bitcoin exchanges, trading platforms, and brokers. Investors or holders of Bitcoin can easily trade Bitcoin for cash or for other assets like gold and cryptocurrencies...

Baidu’s Slap of Bitcoin with a Ban Is a Wake up Call to All

Baidu’s Slap of Bitcoin with a Ban Is a Wake up Call to All

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. News has come in this morning that Baidu has banned bitcoin advertising on its website which handles almost all of China’s search inquiries. The action follows the tragic death of Wei Zexi, a college student with cancer who sought treatment from a hospital found through an online advertisement. Zexi stated in a post before his death that Baidu had mislead him to seek treatment from a hospital that had advertised a treatment researched in collaboration with Stanford. This turned out to be untrue, sending the Chinese internet on fire and bringing to surface seemingly long-held allegations of Baidu profiting from selling forums to medical...

Did Ethereum's Fork Validate Bitcoin Block Size Conservatism?

Could a development on the ethereum blockchain help resolve one of bitcoin’s longest-running debates? It may not seem like an obvious question given the differences between the two blockchain networks. After all, bitcoin aims to provide an uncensorable digital currency, while ethereum seeks to serve as a platform for decentralized applications. However, given that a decision made last month has effectively split ethereum into two competing blockchains, some academics and analysts are wondering just that. More than a month after the collapse of The DAO, two ethereum blockchains operate, a development that has resulted in a chaotic transaction environment and criticisms that linger to this day as to whether the move that led to this result was the...