Updated: Mt.Gox Goes Silent - Markets Falling

MT. Gox has gone silent! Checking www.mtgox.com as of 9:02 p.m. Pacific rewards you with a blank screen. More telling is a quick check of their Twitter account at https://twitter.com/MtGox. Still followed by over 28,000, it appears Mt.Gox has erased all their previous tweets. Mark Karpeles the CEO of Mt.Gox resigned from the board at the Bitcoin Foundation yesterday. BTC is nosediving on most exchanges and LTC is following,...

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Multipool.us vs. DOGE Solo Mining

We are conducting a 4 week test comparing the profitability of Multipool.us vs. DOGE coin single pool mining on Coinotron. We will provide weekly status updates on the progress of the test. The rigs being used in this testing are identical and both are running on the same network (see specs below): Motherboard: MSI Z77A-GD65. RAM: DDR III 2 GB. HDD: SSD Scandisk 64GB PSU: Thermaltake Toughpower Grand TPG-850M 850W GPU: x2 GIGABYTE GV-R797OC-3GD...

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Keeping Your GPUs Cool

When building my second rig, I decided to go with R9 270s.  I started with 2 GPUs of one flavour, then 2 more of another, and added a third flavour to round out my 5 card set-up.   Slightly painful, but in relatively no time was up and running. For what ever reason this rig was hard to keep cool.  I added small fans which helped, and finally a desk fan that helped a little more, but it seemed the temps would continue...

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BTC ATMs to be Added in Seattle and Austin

There was a article out on Yahoo today announcing a Las Vegas companies plans to add a ATM machine in Seattle and Austin.  The article itself was what I would term low information and leaned to the negative, but did get the basic point across that these machines would allow a user to buy or cash out BTCs with a swipe of your drivers license or passport. Now generally, most miners/traders are aware of the MT.Gox issues. ...

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Multiple GPUs and Interference with Other Devices

I was pretty stoked to get multiple Litecoin rigs running.  It seemed I had this figured out and could put a rig together quite quickly and have it mining happily. Unfortunately, it seems issues just pop up and the source of these issues is not always readily apparent even though your rigs are mining away happily. I had noticed that my cell phone was receiving poor coverage and my TV was acting up.  Typical, it seems there...

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Multipool Wins Against LTC Solo, on to Round 2 vs. DOGE

We have concluded our test of Multipool.us vs. Coinotron LTC, and I must say it wasn't even close. Multipool.us out performed Coinotron single pool mining LTC by a wide margin. Multipool.us will now face-off with DOGE coin solo by popular demand. Below is the overview of Multipool.us vs. Coinotron LTC: Week 1 Friday, January 24, 2014 Single Pool mining LTC: 0.0531086748176898 BTC Multi Pool Mining: 0.09709125 BTC Week 2 There...

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Mt.Gox got Goxed

The concept of insolvency is on the minds of a lot of Mt.Gox customers at the moment.  What was once the worlds biggest Bitcoin exchange has found itself in very troubled waters. Mt.Gox, the Japanese based Bitcoin exchange, has just recently announced a halt on all withdrawals from its exchange, this includes USD as well as Bitcoin.  They are blaming a vulnerability in the Bitcoin protocol (the software code that operates...

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Litecoin Mining and your Internet Connection

It was pretty exciting days when I was able to get my first rig up and running, a lot of reading, tinkering, and unfortunately some smoke, but once the smoke cleared there were all these numbers, everywhere! Learning what they all meant, how they impacted your mining rig, and then optimizing can be little overwhelming and ultimately time consuming.  Now there may some closet case ADD individuals out there that just like to look at...

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A Whole New Advanced Trade Bot

Our friends over at Haasbot have done it again with the release of their new Advanced Trade Bot. Buy Now  The Advanced Trade Bot is a full featured, multi currency, multi exchange trading bot which allows you to set up an unlimited amount of trade bots on these supported exchanges: MtGox Bitstamp BTC-e CampBX BTCChina Cryptsy In this latest edition they went with a server/client approach to add more flexibility to the platform....

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Know Your Mining Rigs Power Consumption

So you are thinking of adding another rig to your collection. Gratz! Nothing a like a little extra boost to your hash rate and number of coins you receive.  There probably wasn't a lot of thought given to electricity on the first rig except for how much it may add to your monthly bill.  As you move into multiple rigs electricity needs to be more than a consideration as a monthly expense but included in your overall plan. Buy...

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Are you a COINHUNTR?

Once I was able to get my first rig running I had to figure out what pool I would like to join.  Boy what choice and the list of Pools was long.  I tried one recommendation, but they were not accepting new miners as they had run out of bandwidth and were just trying to maintain their current miners until a unidentified future time when they would increase their bandwidth.  I tried a couple others, large and small with mixed...

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Why didn't anyone tell me about BAMT?

After many trials and tribulations getting my Xunbuntu mining system up and running, and feeling pretty good about it I might add, I stumbled across some vague posts talking about Big A Miner Thing or BAMT. The few posting I read talked about a cool Linux based operating system developed strictly for a mining rig. Simply put it on your USB drive, fire it up and you are mining, it does everything for you.  NO frickin way, where was...

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Storing Bitcoin & Litecoin Offline - Or A Paper Wallet How To

If you have ever Googled Bitcoin you have probably seen images such as these pop up: source: bitaddress.org source: evilwallet.wordpress.com source: bitcoinpaperwallet.com These are examples of what are called paper wallets.  A wallet in the cryptocurrency sense is the pairing of a public payment address and a private key.  Wallets can be hosted online such as at exchanges like Crypsy or Coinbase or CEX.IO, hosted...

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