Develop Your Digital Future

Coinotron Mining Pool Back Online Following Prolonged DDOS Attack

Posted by CryptoJunky on March 6, 2013

CoinotronAfter having been down for over two weeks the multi-coin mining pool Coinotron is back online. Coinotron went down following a prolonged DDOS attack (Distributed Denial Of Service). The attack is thought to have been related to the pool’s adoption of Novacoin. Novacoin is a relatively new crypto currency that has been accused of being a scam. Here’s a quick synopsis of Coinotron and Novacoin. (more…)

Direct Investment Versus Mining Bitcoin

Posted by CryptoJunky on February 20, 2013

Gold BitcoinI’ve heard this question asked  a lot lately, “should I buy an ASIC miner or invest directly in Bitcoin?” I asked myself the same thing back in November. After much research I did both, investing $200 in Bitcoin and $150 on an ASIC. Today my Bitcoin purchase is worth $484.40 US Dollars ($29.18 USD / 1 BTC) well over doubling my initial investment. The $150 Butterfly Labs Jalapeno hasn’t arrived yet, though I’m told I can get a refund if I’d like. With that said, I’m happy with my choice and will likely do the same again. My analysis and explanation follows. (more…)

Bitcoin ASIC Roundup

Posted by CryptoJunky on February 17, 2013

avalonI received an email this morning from Avalon ASIC announcing that they would be reopening orders on batch two. With record breaking hash rates and a lot of movement in the Bitcoin hardware industry, it seems like an appropriate time to do an ASIC mining roundup. For those new to mining, ASIC stands for Application Specific Integrated Circuit. The Bitcoin ASICs are essentially hardware designed specifically and solely for mining Bitcoin. While there had been multiple companies working on developing ASICs for Bitcoin, currently only three have either shipped or (more…)