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Top Tools For Analyzing Cryptocurrencies

Posted by CryptoJunky on April 30, 2013

BitcoinChartsLogoI’ve spent a good deal of time over the last year or so pouring over Bitcoin and its derivatives. Try as I might I’m unable to predict the price of the currency at any particular point. I have found a few tools along the way though that aid in analyzing trends in Bitcoin et al. What follows is a brief overview of some of the tools I prefer to use. So whether you’re looking to become the Nate Silver of Bitcoin, or just get a bit of trade history, the following should help you out. (more…)

Why Now May Be A Great Time To Get Into Bitcoin

Posted by CryptoJunky on April 29, 2013

BitcoinThere have been a lot of newcomers to Bitcoin over the past several months. The coverage of Bitcoin has become so expansive that I’m being questioned about the currency by my otherwise tech illiterate friends. Unfortunately, a number of Bitcoin’s newcomers likely got caught up in the most recent valuation spike, however short lived it may have been. The good news is that Bitcoin’s valuation is beginning to level out. Coupled with the prospect of bigger news on the horizon, now may be a good time to take another look at Bitcoin. (more…)

A Review Of Bitcoinin – Bitcoin’s Unique Online Retailer

Posted by CryptoJunky on April 27, 2013

Bitcoinin LogoIt’s no secret that a slew of online retailers and service providers have begun accepting Bitcoin over the last several months. However awesome it might be that sites like MEGA and NameCheap accept Bitcoin the real game changer lies with Bitcoin only retailers. Amongst the early pioneers stand BitcoinStore and Bitcoinin, who have been paving the way for Bitcoin only retail online. Why accept only Bitcoin? It’s simple, by eliminating credit card fees or paypal fees, Bitcoin only retailers can offer the same products at or most often below competitor’s prices. After putting it off for several months, I decided to go ahead and give Bitcoinin a shot. Here’s my experience with Bitcoinin. (more…)

How Bitcoin Works – Explained Through The Turbulent Life Of Satoshi Nakamoto

Posted by Jon Bringhurst on April 4, 2013

Bitcoin? How does that work. They’re like coins, but they’re made of bits! Many people have rambled on how bitcoins may or may not change the world. I’m not here to talk about that (not much anyway). I’m going to talk about the details of how the math works. Mmmm, sweet, sweet details. We’re going for a ride into the world of cryptography. (more…)

How Bitcoin Will Change The Way We Interact Online

Posted by CryptoJunky on April 2, 2013

BitcoinBitcoin may very well be changing the way the internet works, and not by replacing traditional payment methods. While news that sites like Reddit, Namecheap, WordPress, and Mega are accepting Bitcoin is certainly uplifting, it’s far from game changing. The truly innovative and disruptive aspect of Bitcoin is not that it is a replacement for traditional payment methods. Rather, it’s that Bitcoin enables us to do things online that were impossible before. To illustrate my point, I’d like to introduce you to the Reddit tip bot, and to how I’m using Bitcoin here on CryptoJunky to tip my readers. (more…)

Absolute Beginner’s Guide To GPU Mining Bitcoin

Posted by CryptoJunky on March 26, 2013

Gold BitcoinSo you’ve heard of Bitcoin and you’d like to try this whole mining thing out but aren’t sure where to start. Well this guide is designed to get absolute beginners mining Bitcoin. You’ll need a desktop computer with a decent GPU (Graphics Processing Unit), preferably one by Radeon. You’ll also need to have a Bitcoin wallet set up. If you don’t yet have a Bitcoin wallet I suggest reading our Getting Started With Bitcoin post . It goes over the basics of Bitcoin and how to set up a wallet. Let’s get started. (more…)

Getting Started With Bitcoin

Posted by CryptoJunky on March 18, 2013

BitcoinIf you’ve tuned into financial news recently chances are good that you’ve heard something about currency wars or economic turmoil. On the other hand Bitcoin has begun to get a lot of coverage from groups like CNN and Forbes as it continues to outperform traditional curencies. But what exactly is Bitcoin and how do you use it? Well I’ve put together a brief overview of the digital currency. What follows is a bit of background on Bitcoin followed by a tutorial on setting up a Bitcoin wallet and getting your first Millibit. (more…)

After Blockchain Divergence Bitcoin Back On Track

Posted by CryptoJunky on March 12, 2013

Last night the Bitcoin blockchain experienced a divergence. So what exactly does this mean and how did it come about? At the moment there is not need to worry, the problem has mostly been resolved for the time being by the developers and mining pool operators. Your coins are safe and Bitcoin is operating more or less as usual. (more…)

Big Leaps For Bitcoin – The Week In Review

Posted by CryptoJunky on March 8, 2013

NameCheapBitcoin had another huge week as adoption continues both by new users and by new merchants. Fueled in part by exposure from Kim Dotcom and NameCheap’s announcement Bitcoin rallied to a new all time high of just over $49. Following huge gains Tuesday night, Bitcoin saw massive oscillation in the price bounding between $49 and $33 on Wednesday. New services and merchants continue to emerge, attracting new users to the digital currency. Here are the top stories in Bitcoin this week. (more…)