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Terracoin Price Recovering Following Technical Problems

Posted by CryptoJunky on April 15, 2013

TerracoinThe digital cryptocurrency Terracoin (abbreviated TRC) is starting to recover some of it’s value relative to Bitcoin after suffering a series of technical problems. Troubles for the coin began the weekend of April 6th-7th as the Terracoin developer applied a patch to fix a previously unknown exploit. Shortly afterward the profitability of mining the coin skyrocketed, attracting a never before seen level of hashpower. (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…)

Litecoin Hits New Highs

Posted by CryptoJunky on April 2, 2013

LitecoinLitecoin is currently trading at around $4.73 USD per Litecoin on the popular crypto currency exchange Btc-e.com. This comes just a day after Bitcoin broke the $100 USD per Bitcoin mark on April 1st, 2013 (Not an April Fools Joke). So what is driving this historic increase in value for Litecoin and where might it go from here?
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How Bitcoin Will Change The Way We Interact Online

Posted by CryptoJunky on

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…)

Welcome To The Coinrush – The Digital Gold Rush Has Begun

Posted by CryptoJunky on March 15, 2013

For the past several months Bitcoin has been making headlines as its massive growth has outpaced any and all traditional investments. However, the big winner this week in the fledgling crypto currency market was not Bitcoin but the myriad of young crypto currencies that now appear poised for growth. (more…)

The Rise Of Litecoin

Posted by CryptoJunky on March 14, 2013

LitecoinIt’s looking like March may be a huge month for the digital currency Litecoin. WIth a price of around $0.65 the currency is starting to approach the $1 mark that many of it’s users feel it should be valued at. As of this writing the Litecoin network hash rate is at an all time high. So what is fueling this drive in the value of Litecoin relative to Bitcoin and the US dollar? (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…)

Absolute Beginner’s Guide To Litecoin Mining

Posted by CryptoJunky on

LitecoinLitecoin has been making a lot of noise recently after a sharp rise in price. It could be that Bitcoin miners are finally feeling the pinch of specialized mining hardware known as ASICs. It could also be that a flood of newcomers to the crypto currency market is creating a demand not just for Bitcoin but also for Litecoin. In any event, I’ve had quite a few people asking about a basic guide for Litecoin mining so here it is. (more…)