9.1 ASIC choices. 0.
Introduction. You're a bitcoin miner. ASICs will be here soon and GPU mining will in most cases be no longer cost effective. Many miners want these new devices, but few of them have been able to devise a method of determining which will be best for them. I hope this post answers those questions for you. So, you want to buy an ASIC device but you're not sure which one will still mine profitably as difficulty increases, and you want to make sure you at the very least are able to earn sufficient coin to pay for the electricity use and the ASIC. This is a much more interesting and difficult question than it might appear at first glance. In this post I am only commenting on the profitability of ASICs, and which ASIC might be more profitable in a given exchange rate / electricity cost / Difficulty environment. 1. Bitcoin Currency and GPU Mining Performance Comparison.
This article looking at Bitcoins and the performance of various GPUs with mining them was really a big team effort at PC Perspective.
Props goes out to Tim Verry for doing the research on the process of mining and helping to explain what Bitcoins are all about. Ken Addison did a great job doing through an alottment of graphics cards running our GUIMiner and getting the data you will see presented later. Scott Michaud helped with some graphics and imagery and I'm the monkey that just puts it all together at the end. ** Update 7/13/11 ** We recently wrote another piece on the cost of the power to run our Bitcoin mining operations used in this performance article. Based on the individual prices of electric in all 50 states of the US, we found that the cost of the power to run some cards exceeded the value of the Bitcoin currency based on today's exchange rates.
A new virtual currency called Bitcoin has been receiving a great deal of news fanfare, criticism and user adoption. Bitcoin Mining Update: Power Usage Costs Across the United States. Earlier this week we looked at Bitcoin mining performance across a large range of GPUs but we had many requests for estimates on the cost of the power to drive them.
At the time we were much more interested in the performance of these configurations but now that we have that information and we started to look at the potential profitability of doing something like this, look at the actual real-world cost of running a mining machine 24 hours a day, 7 days a week became much more important. This led us to today's update where we will talk about the average cost of power, and thus the average cost of running our 16 different configurations, in 50 different locations across the United States.
We got our data from the U.S. Energy Information Administration website where they provide average retail prices on electricity divided up by state and by region. Here is how your state matches up: Bitcoin Charts. Bitcoin Watch. Is not available. How To Accept Bitcoin On Your Website. We’ve been working hard on our merchant tools, and today we’re launching the Coinbase payment button.
Here is a demo. Trade. The following is a list of online and real world businesses that currently accept Bitcoin.
If you are looking for only real world commerce, see here New service providers are very much appreciated as they help establish the currency! Please only list services that are presently available (that is, NOT "available soon") and accepting bitcoins. Note: it still remains up to you to decide whether you trust the service provider or not. Products or services illegal in US or Japan are not fit to be listed here - such links will be removed immediately. Trade TotalFinder for bitcoins. Bitcoin is the next big thing and I want to support the emerging economy around this new currency.
Today I start offering TotalFinder for bitcoins and let people earn some bitcoins by referring TotalFinder to friends. Trade TotalFinder for bitcoins (50% price off) Interested? Please send me an email. I will reply with current quote in BTC and my address where I accept your payment. CoinBr. Invest your hard earned bitcoins and use the most advanced bitcoin futures platform now.
CoinBr.com offers you 24-hour easy and affordable access to the Bitcoin stock exchange. Check out the screenshots yourself. Register here and fund the account with at least 0.1 BTC to activate it. After the funding is processed, start trading and inviting others! Fees All MPEx fees are already included. GLBSE. Redefining the way bitcoin exchanges work! Bitbills. Bitcoin In Plain English. Bitcoinary. Bitcoin Wiki. Application - Bitcoin Wiki. BitPay is an automated payment processing system for the bitcoin currency.
It enables online merchants to accept bitcoins, as a form of payment, just as easily they accept payments from credit cards, debit cards, or Paypal. [1] For the similarly-named mobile wallet application, see BitPay for Android. Merchant Tools For merchants that already have a shopping cart, BitPay's Hosted Checkout can allow shoppers to pay for their order using bitcoins. For merchants that only have a catalog of items, BitPay can provide buttons and widgets for merchants to place by their items, which will add them to a shopping cart at BitPay. Transactions. Bit-pay - Payment Gateway - Bitcoin WIki. Bitcoin Watch. Bitcoin Monitor. Bitcoin Forum. What is Bitcoin? - We Use Coins. Bitcoin News Network: Kevin Day Makes Show Of Good Faith.
In the recent controversy surrounding Mt.
Gox and the major security breach they (and the entire Bitcoin community) experienced, the Bitcoin community seems to be in civil dispute about what should happen to the 643 BTC that Kevin Day acquired at a ludicrous rate of 0.0101 USD on Sunday, night of the Bitcoin hackcrash. Community members seem to be trying to burn Kevin at the stake, questioning his actions and morals, some even claiming him to actually be the Mt. Gox perpetrator. CoinConnect. PRODUCT. Functions The reliability of the Bitcoin system is assured primarily by encryption.
The system's main vulnerability is the Bitcoin wallet, created as a file on the computer. If a hacker (or a computer virus) gains access to the computer and can read this file, he (it) will be able to transfer all the money to his (its) anonymous account where it will be nearly impossible to find. Bitcoin Miner for Websites - Bitcoin Plus. This is a bitcoin miner that can be included on any website so that your visitors will mine bitcoin for you.New: There is now a WordPress plugin that you can use on your blog. Quick Start Guide Add this code to your website, replacing donny@bitcoinplus.com with your Bitcoin Plus email address: <script src=" type="text/javascript"></script><script src=" type="text/javascript"></script><script type="text/javascript">BitcoinPlusMiner("donny@bitcoinplus.com")</script>
ClearCoin. MyBitcoin. Friday, August 5th, 2011 From the desk of Tom Williams, operator of MyBitcoin.com For immediate release. After careful analysis of the intrusion we have concluded that the software that waited for Bitcoin confirmations was far too lenient. An unknown attacker was able to forge Bitcoin deposits via the Shopping Cart Interface (SCI) and withdraw confirmed/older Bitcoins. This led to a slow trickle of theft that went unnoticed for a few days. It appears to be human error combined with a misunderstanding of how Bitcoin secures transactions into the next block. In hindsight we should have credited deposits after one confirmation so they would show up in the transaction history, and held the deposit until it reached at least 3 confirmations. We are in the process of building a claim procedure for the remainder of the holdings now. The claim process will consist of a online form where the claimant will be required to enter their MyBitcoin username and password.
Tom Williams. BitInstant - Providing instant transfers for the bitcoin economy - Homepage. Buy Bitcoins or Sell Bitcoins in Australia. BidOnBitcoins. CoinDL - Download Music, Ringtones, and Graphics for Bitcoin. Bets of Bitcoin. Buy Bitcoins Instantly Anonymously with Credit Card PayPal MoneyPak Online Buy Bitcoin Sell.
Trading/Exchanges | Bitcoin - Finance. Free Bitcoins | Bitcoin - Finance. MineField - BitcoinLab. Spend Bitcoins | Bitcoin, Finance, Etc. Bitcoins.