Month: September 2012

The Workflow of the Bitcoins System

Here’s a flow of the Bitcoin ecosystem that shows the correlation between bitcoin wallets, addresses, encrypted private keys, bitcoin miners + bitcoin mining servers, blocks, hashes, and nonces. [ source ]   Bitcoin is a decentralized electronic cash system using digital signatures and cryptographic proof to enable irreversible payments between parties without relying on trust. […]

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The Bitcoin Foundation has been launched

Forbes reports the launch of the much awaited – The Bitcoin Foundation. The Bitcoin Foundation mission leads to the early specific goals of financially sponsoring the efforts of the core development team, funding core infrastructure such as a test network and a DNS seed node, publishing a set of best practices for bitcoin integration, coordinating […]

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Hashing speed Radeon HD 7770 GPU

I’ve been doing some Bitcoins mining using a Sapphire Radeon HD 7770 GPU recently with BFGminer and the results are quite inconsistent. I suspect this is happening since the mining pool at Triplemining is located in the EU side (Belgium) and they have not implemented the stratum mining protocol yet. On certain hours, the hashing […]

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Bitcoin Mining pool at TripleMining

We use the Bitcoin Mining pool at TripleMining. Join our pool at http://ninjalong.triplemining.com What is triplemining? TripleMining is a unique bitcoin mining pool that allows you to grow your own pool by adding friends to your personal minipool. The payment structure is transparent and allows you to make up to 3 times more than any […]

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Youtube Videos on Bitcoins

Bitcoin is the world’s first fully decentralized, peer-to-peer (p2p) virtual currency. It allows users to make anonymous and untraceable cash transactions anywhere in the world without any sort of real-world intermediary. So unlike PayPal and other online services, it can’t be squeezed in the same way by governments or other control agents. Created in 2009 […]

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