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Tough Day For Bitcoin Exchanges: Gox DDOS’d, Bitcoin-24 Halted, BitFloor Shuts Down Permanently

UPDATE: See our analysis of this DDoS in our newer post: Have We Reached A Turning Point For Bitcoin Exchange DDoS? Quite a day already for Bitcoin exchanges, but I want to remind anyone reading this: exchanges and other private companies are not bitcoin. We are in the infancy of what may be the greatest fundamental shift for human society of the 21st century. There are going to be hiccups as the market develops, that does make the underlying bitcoin protocol any less viable. In fact, there are even some glimmers of hope in the darkness. See below for an …

Apr 18, 2013 Posted by Jonathan Stacke In Businesses, News Tagged analysis, Bitcoin, DDOS, Trading Halted, UPDATE Comments 15

Bitcoin Trading: Volatility Squeeze Points to Breakout, Bias to Upside

UPDATE (21:45 GMT): Finally just saw the volume we’ve been looking for, predicted jump materialized. UPDATE (16:44 GMT): Gox DDOS confirmed. Our prediction of a continuation pattern proved correct (97.5 now vs 91 at posting) and we maintain a positive bias, though proper breakout catalyzation may be difficult with the trickles of volume making it through Gox. Stay tuned for updates. UPDATE (13:01 GMT) : Looks like Gox is down. Potential DDOS. May drastically affect the time-sensitive nature of trend analysis – further updates once the situation is resolved. Once again we’re seeing a notable low volume volatility squeeze. …

Apr 18, 2013 Posted by Jonathan Stacke In News, Trading Tagged analysis, trading, UPDATE, volume Comments 11

ASIC Miner Auction: 10 Block Erupter Blades

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. UPDATE (4/20): The winners have been announced, and paid ฿75-76 each for each of the cards. This netted shareholders an estimated 0.00188 per share. Friedcat has announced this is only the first of a series of auctions so ASIC Miner share holders can expect these special dividends more frequently in the coming weeks. Update 2 (4/27): The second round of auctions just completed. 50 blades were sold in a price range of 50 to 65 BTC each. ASIC Miner, the first public ASIC mining company, has …

Apr 17, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC, ASIC Miner, Bitcoin, Creation, Mining Reddit, PC, Quick Installation, trading, UPDATE Comments 1

Current ASIC Hardware

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. This is part 3 in a 4 part series discussing the current state of bitcoin mining. What is bitcoin mining? The evolution of mining Current ASIC Hardware Bitcoin mining – public companies This post discusses the current ASIC bitcoin mining hardware options – Avalon, BFL, and ASIC Miner – and evaluates the benefits and risks of each. ASIC development is not easy, and bitcoin has been riddled with companies that have inspired little confidence from their customers. It was pretty clear that the first ASICs …

Apr 4, 2013 Posted by Phillip Archer In Bitcoin 201, Mining, News Tagged Application-specific integrated circuit, ASIC, ASIC Miner, Avalon, BFL, Bitcoin, Butterfly Labs, Exchange rate, Field-programmable gate array, FPGA, Jeff Garzik, UPDATE Comments 8