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. 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
Payout: Get 5 DoBits when you register at Bitcoin Bonus to bluemonkey | Bitcoin Bonus January 18th, 2013: We're working hard to bring you new functionality, it is planned for the site to return by May 2013. Bitcoin Bonus delivers rebates in the form of bitcoins when you utilize our referral links and codes to purchase your products and services. We have a wide variety of deals to provide you bitcoins, when you sign up based on our programs. Bitcoins will typically be delivered after a specified period of time has passed, and the bitcoin amount provided is based on the dollar value of the bitcoins on the day that the period ends. You will be able to see the status of each Bonus program you have signed up for and specify which bitcoin addresses you'd like to use. In order to take advantage of any of our incentives, you will need to sign up with a bitcoin address for the deposit to be provided when the rebate terms are met. Bitcoin Bonus relies on quotes from Mt.
Mt Gox - Bitcoin Exchange markets The chart below is the price change over time. The yellow line is the price [USD / mBTC] at which actual trades were made. Green and red areas near the yellow line show you maximum and minimum price. Price is shown on the right axis. Bars in the background represent volume (that is, how many coins were traded during that time) enumerated in [mBTC]. The Value for this is shown on the left axis. Below is the cumulative depth chart. About these bars going up and down (if there are any at the moment).
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. In order to clear his name, Kevin Day (Bitcoin Forum Username: toasty) has put the bounty of Bitcoin in escrow at ClearCoin to be donated to the Bitcoin Faucet after thirty days if the whole sticky mess surrounding the scandal at Mt. Read more about Kevin's decision in his official announcement at the Bitcoin forums.
Y)^_°(V) - How To Set Up Pooled Bitcoin Mining In Windows (Please Note: This guide is mostly up to date…. syntax and URLs may not be 100% correct, please extrapolate if you have to and let me know in the comments so I can try to fix stuff… Updated 4-10-13) So, you've read my previous article about using your GPU to mine for bitcoins, but now that the difficulty is starting to get high absurd, you may be having a hard time generating any bitcions on your own (especially if you have non-specialized hardware). Never fear, there is a solution! NOTE: You really should take a look at my first article to make sure that your hardware is even capable of supporting opencl, and you should also be using the most recent version of the drivers for your particular graphics device. Also there is a bit of information on setting up Kiv's GUIMiner in my other guide, which will make setting up pooled mining even easier; I may further update this guide at some point. 1. 2. There are 4 boxes below threshold: Estimated, Unconfirmed, Confirmed, and Total reward. 3. 4.
Digital Black Friday: First Bitcoin "Depression" Hits Much like the New York Stock Exchange, Bitcoin exchanges have suffered from their first massive loss -- a virtual "Black Friday", so to speak. (Source: Google Images) Some say Bitcoins could make buying illegal drugs easier. However, in reality Bitcoins are far from "untraceable". (Source: YouTube/Beardo/Dirt Nasty) Mt. Currency experiences massive inflation in a single day, markets stay open The day was October 28, 1929 and the sky was falling. Today modern exchanges automatically close to prevent such catastrophic sell offs. I. This Friday the New York Stock Exchange (NYSE) was hammered, losing 172.45 points (approximately a 1.4 percent dip) to close below 12,000 for the first time since March 18, 2011 -- nearly three months ago. But as bad a day as Friday was for NYSE traders, it was far worse for those who invested in an increasingly popular digital currency -- Bitcoins (BTC). But, wait let's not get ahead of ourselves. Well, today on Mt. 1. II. III. IV. V.
Bitcoin Data Platform | Clark Moody Design BitPay | 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.  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 When an invoice is presented for the customer to use when paying, the Bitcoin address to pay is shown. The message "This invoice is valid for 15:00 minutes ONLY" is displayed and a timer counts down the clock. Fees The automated solution and shopping cart is available for all merchants for a fee of 0.99% of the value of the sale. Settlement History See Also
Y)^_°(V) - How to get started using your GPU to mine for Bitcoins on Windows (In a slight departure from my normal content…) Money for only running your computer!? It's more likely than you might think! No referral pyramid scam shit, you can make as much money as you have computing power to devote. ***NOTE: Since the difficulty is very high, unless you have an ASIC mining device and/or a very significant aggregate hash rate (over several TENS OF Ghash/sec or more) you are probably going to spend more on electricity than you can recoup in mined bitcoins, even when mining in a pool! (aside from the *possibility* of shortening the lifespan of your graphics card(s)/mining hardware). This post is aimed mostly at people who are already familiar with Bitcoin (Wikipedia page), and would like to get started using their GPU(s) to mine for bitcoins in a Windows environment. First of all, you are going to need a graphics card that supports CUDA and/or OpenCL; most graphics cards from the past 2-3 years will support this. 1. 2. 3. 4. (Recommended) 5. 1. 2. 3. 4. 5. -f 60
The dramatic fall of BitCoin: No end in sight We’ve discussed BitCoin at some length on Memeburn, including how it works, its potential downfalls, and its genuine merits. BitCoin has experienced its ups and downs in the few years that it has emerged as an online currency. Last year, a major ‘pick-pocketing’ scandal when an anonymous BitCoin user claimed that thieves had managed to steal nearly US$ 500 000 worth of BitCoin. Although the case was unverified, a series of similar incidents caused the BitCoin exchange rate to crash at the time. This year, a number of new attacks on BitCoin have raised further concerns for the online currency. Proponents of the online currency claim that there is no fault with the currency itself. While BitCoin proponents fight hard against any critique of the economic viability of the currency (see comments), some more serious technical challenges are slowly emerging that may not bode well for BitCoin’s long-term survival.
blockchained.com Bitcoin Wiki Steve Keen's Debtwatch I’ve attended two conferences in two days where both the power and the impotence of the European Central Bank (EBC) have been on vivid display. Its political power is considerable, both in form and in substance. At both seminars, the ECB speaker—ECB Board member Peter Praet at the first, and ECB President Mario Draghi at the second—spoke first, and then left. In form, the ECB has no need to defend its policies because it is unimpeachable in its execution of them. In substance, it does not even considering engaging with its subjects—I use the word deliberately—in open and robust discussion. The position of the economy in the environment is a shared blindspot in economics: no existing school handles the topic well, and yet this is the key issue we need to understand. Click here for the Powerpoint slides. Permanent link to this post (73 words, estimated 18 secs reading time) Click here to download the Powerpoint slides.