My Bitcoin Mining Experience

Crypterium - cryptobank just launched token sales earlier today and i'm very excited to see what they do with their platform. The best part of this ICO is the cryptobank services that would be available in the normal brick and mortar banks, but now using blockchain. Bringing blockchain technology much more mainstream by providing services that people would expect from a bank into a completely digital space is very exciting! Here's some information you should know: What is a cryptobank ? A cryptobank is a new kind of bank that provides the same type of services as a traditional high street bank, but with cryptoassets such as a cryptocurrencies and tokens rather than everyday money we are used to seeing today (often referred to as fiat money). Cryptobanks provide a service-payment infrastructure; a communication between the crypto-world and the fiat-world, opening up an opportunity for users to pay in cryptoassets, and the merchant to receive funds fiat money for ser...

Bitmain has begun making hardware for different algorithms aside from sha-256 (Bitcoin algorithm). They created one for scrypt and now, they've created an incredibly fast miner for the X11 algorithm. Antminer D3 - Specifications Hash rate: 15 GH/s (Variation of ±5% is expected) Power consumption: 1200W (at the wall, with Bitmain’s APW3 PSU, 93% efficiency, 25°C ambient temp). Dimensions of the miner: 320*130*190mm Hashing algorithm: X11 Antminer D3 - Profitability Check these links for the latest profitability data: CryptoCompare CoinWarz As a summary, it looks like ROI for this hardware is about 11 days. This is an incredible value for new hardware and i hope we see more ROI's like this! Summary Very interesting new miner on the block with very, very high ROI. Definitely, something miners should consider if you're looking to upgrade your current gear, or even coming into mining for the first time!

Article from:  CoinDesk A long-anticipated report published by the Canadian Standing Senate Committee on Banking, Trade and Commerce has called for a "regulatory light touch" on bitcoin and digital currencies. The report, entitled  "Digital Currency: You Can't Flip This Coin!" , comes after a  months-long review  that included a number of  hearings  before the Senate committee, and will undoubtedly play a role in how the Canadian government shapes future regulation. The committee recommended that the government look for ways to utilize digital currencies and blockchain technology, deeming the technology "ingenious" and capable of potentially meeting critical needs in both the financial sector and the unbanked in the world. The report stated: "The federal government [should], in considering any legislation, regulation and policies, create an environment that fosters innovation for digital currencies and their associat...

GAW found it's voice with one of it's new platforms, Coinstand .  Coinstand is an online retailer that sells a large variety of items and deals directly in crypto. One of the largest benefits of this platform is it's acceptance of XPY for $20/coin. As an XPY holder, all i have to say is finally!!! Now that the first in a line of platforms has been released, you should start to see the price of  XPY have a fairly strong upward motion over the next few days at least, I'd suggest you get some while it's on the cheap, if not for any other reason, buy some awesome stuff for really cheap with XPY with Coinstand . More information to come.

Paycoin Paycoin is a SHA256 algorithm coin released by GAW Miners a couple days ago. The coin is now open to be mined by anyone with SHA256 hardware with a few possible pools to choose from. I'm personally mining it with 2 antminer S3's and mined 1.5  XPY(paycoin) within 8 hours. Paycoin is currently in it's POW (proof of work) phase, but then will phase into it's POS (proof of stake) stage in the upcoming weeks. GAW has stated no 100% promises of the coins value, however on December 19th 2014, they are releasing their Paybase platform and doing a coordinated launch with "many" large currency exchanges (Something like Cryptsy I imagine). GAW and the community on launch expects a price of approximately $20 USD, and through this launch they intend to actively try to moderate the market price. Current Market Paycoin Pool Wallet

The CEO of GAWMiners posted last night about their new project "HashCoin" on HashTalk . "Hey everyone, I wanted to let you guys know what we’ve been working on for months here and explain what we’ll be revealing very soon. First, how did we get here? Before GAW Miners even existed, we were miners. And, we saw very obvious problems in the industry. So, we started GAW Miners to go after the biggest problem, manufacturers and resellers; and we fight on behalf of miners. And, as we became successful making change, it became obvious to us that the industry was facing a very different problem. The power in cryptocurrency was very obviously shifting away from miners and toward speculators and large industrial interests. And, it still is. This isn’t good for miners. And some of us don’t even want to think about it. But, it’s the reality of the situation. And months ago, we knew the problems in cryptocurrency needed to be fixed before miners could regain control. ...