Develop Your Digital Future

Hashing With Bitfury’s Blue Fury Bitcoin Miners

Posted by CryptoJunky on November 16, 2013

bitfuryIn an effort to retain a small amount of the Bitcoin network’s hashrate I’ve added two new USB miners to my collection of Bitcoin ASICs. While Bitcoin mining is probably not the best investment you could make right now, it is still a fun hobby. The newest additions to my small collection are two Blue Fury USB miners with ASIC chips by manufacturer Bitfury. Here’s an overview of the Blue Furies and a guide on setting them up. (more…)

Bitcoin Mining Is A 374+ Million Dollar Per Year Industry, And Growing

Posted by CryptoJunky on November 7, 2013

BitcoinWith the recent run up in the price of Bitcoin I decided to go back and check on the profitability of Bitcoin mining. Lo and behold Bitcoin mining is still not individually profitable with current difficulties, prices, and hardware costs. However, this doesn’t mean that there isn’t someone somewhere turning a profit on Bitcoin mining. Chip designers, manufacturers, resellers, and pool operators have all staked a claim in the Bitcoin mines and look set for growth. (more…)

Where And How To Purchase Bitcoin

Posted by CryptoJunky on November 1, 2013

BitcoinBitcoin seems to be experiencing renewed interest. On the heels of a US government shutdown and with a slew of companies old and new supporting it, Bitcoin is once again center stage. So at this point you’ve heard of Bitcoin, maybe you’ve visited or read up on Bitcoin here on cryptojunky, yet still haven’t taken the dive and tried Bitcoin out. Well in order to really give it a try you’ll need to get some Bitcoin in your Bitcoin wallet, which is what this article is all about. (more…)

Running ASICMiner Block Erupters For Fun, Not Profit

Posted by CryptoJunky on October 5, 2013

BlockEruptersThe proliferation of Bitcoin ASICs over the last several months have brought on an incredibly rapid increase in the Bitcoin difficulty factor. If you run the numbers on the currently available Bitcoin ASICs you’ll find that you’re unlikely to make a return on your investment. In fact, purchasing one of these Bitcoin mining machines now is probably more likely to lose you money (with some possible exceptions for next-generation pre-orders). Still there are a number of hobbyists and Bitcoin enthusiasts looking to invest just a small bit in order to contribute to the Bitcoin network’s hashrate. (more…)

Getting Up And Running With A Butterfly Labs Jalapeno

Posted by CryptoJunky on August 24, 2013

Butterfly LabsThe last year has been a frustrating one for many BFL customers that pre-ordered one of BFL’s Bitforce SC Bitcoin miners. After having recently received my BFL Jalapeno I’ve decided to go ahead and put together a review of the Jalapeno. What follows is a brief history of Butterfly Labs as well as a quick tutorial on setting up the BFL Jalapeno. (more…)

3D Printing For Bitcoin – Combining Disruptive Technologies

Posted by CryptoJunky on May 27, 2013

CryptoPrintingLogoWhat happens when you combine two of the world’s most disruptive technologies? That’s what the newly formed site 3DP4BTC is exploring as they offer custom 3D printing for Bitcoin. That’s right, you can now order anything a 3D printer can produce with a purely digital currency that you help run from the comfort of your home. Welcome to the future ladies and gentlemen. (more…)

Let’s Talk Bitcoin – Bitcoin Goes Radio

Posted by CryptoJunky on May 17, 2013

letstalkbitcoinIf you only have the time to check out one Bitcoin related news site or channel, I’d make it Let’s Talk Bitcoin. Don’t get me wrong, Bitcoin communities like BitcoinTalk and /r/Bitcoin are awesome. I often find myself lost for hours searching through different posts, finding out what’s going on with Bitcoin. Let’s Talk Bitcoin helps to eliminate the noise and offers quality discussion as to what’s going on with Bitcoin. What’s more is that because it’s available as a podcast, you can now catch up on Bitcoin during your commute, workout, or even at work. (more…)

Namecheap And Bitcoin – A Review Of Using Bitcoin With One Of The Web’s Largest Domain Registrars

Posted by CryptoJunky on May 13, 2013

namecheaplogoThings have been going fairly well here at over the last several months. In light of this recent success I decided to go ahead and pick up a few additional domain names, and what better place than NameCheap. For those that aren’t aware, NameCheap was one of several large internet based companies that decided to accept Bitcoin earlier this year. What follows is a quick overview of my experience using Bitcoin with NameCheap. (more…)

Butterfly Labs Finally Announces They’re Shipping

Posted by CryptoJunky on May 1, 2013

Butterfly Labs

Update: ButterflyLabs is not in full shipping mode. They have only shipped a few Jalapeno units to a select few media members and customers. You can check their forum posts for further information and updates.

Good news fellow Bitcoin enthusiasts, the long wait is reportedly coming to an end. Bitcoin ASIC manufacturer Butterfly Labs has announced that they are finally shipping their line of Bitforce SC ASIC miners. If you have an order with BFL you can login to their site here and check your order status. (more…)