Monthly Archives: September 2013

Neo&Bee, a bitcoin financial company based in Cyprus, is having its IPO today. I was initially very excited to see a consumer bank embracing bitcoin. But as the situation unfolded I became more and more uncomfortable with the business proposition. … Continue reading →

The bitcoin mining network hit one petahash this weekend. If you use thegenesisblock mining dashboard to project the future bitcoin difficulty, as many prospective miners do, you get a monthly 80% difficulty increase filled in by default, based on the last several months … Continue reading →

Bitcoin mining hashrate hit 1 PH today, five weeks earlier than I predicted. Ouch. As penance, I’m going to visualize one petahash using asicminer hardware as a starting point. http://www.asicminer.co/devices.html An Asicminer Blade is 10GH, so 1 PH is 100,000 … Continue reading →

I worry about MtGox. This week I worry less than last week, because the chatter about insufficient liquidity is dimmed, and the Gox/Bitstamp difference has recently been as low as $4, and is now under $10. Maybe everything will be … Continue reading →