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Satoshi Nakamoto Revealed - Reluctant Bitcoin Inventor Revealed

Leah McGrath Goodman of Newsweek has shocked the Bitcoin world by revealing the true identity of Satoshi Nakamoto in an article that is due out on the newsstands but currently available online here.

If you have ever looked into Bitcoin you have undoubtedly heard the story that the inventor of Bitcoin was a secretive unknown entity that goes by the pseudonym of Satoshi Nakamoto. 

Opinions on who the real Satoshi was ranged from some wunderkind in Japan to the CIA to....well you get the picture.

If Ms. Goodman is correct, it turns out that Satoshi Nakamoto is actually Dorian Prentice Satoshi Nakamoto, a 64 year old Japanese American living in Temple City, California a middle class suburb of Los Angeles with a population of 36,000.  He lives in a modest home, drives a clunker, and is passionate about model trains.


Newsweek's article lays out that Satoshi wants very little to do with Bitcoin these days and has no interest in being a public figure, to the point that most of his family did not know of his involvement.

When confronted by Ms. Goodman and asked of his role in the Bitcoin project, she claims Satoshi "Tacitly acknowledging" his role, then gave this quote:
I am no longer involved in that and I cannot discuss it, it's been turned over to other people. They are in charge of it now. I no longer have any connection.
He refused to say anymore...
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Litecoin Listed on BTC China

BTC China just went live with Litecoin on their exchange.  The announcement caused quite a stir on BTC-e with LTC spiking as high as $21.95 after hovering in the mid to low $14's for most of the day.

The spike came around 1:00 a.m. Pacific, another proof positive that insomnia pays when it comes to crypto!

After what seams like years of fruitlessly waiting for the ever rumored LTC listing on M.T. Gox, it is good to see LTC make in onto a well run, high liquidity exchange like BTC China.  Maybe we will see the Chinese move back into LTC aggressively, the last time they did prices soared to as high as $48 and change at the peak.

With the PR beating crypto has taken over the past week or so, its good to see such a positive step.


They posted the following message on their website along with the banner above.

Dear Customers,
We are very excited to introduce BTC China’s new member – Litecoin!
Bitcoin grew tremendously in 2013, while another virtual currency has also made considerable progress – Litecoin. It gradually gained recognition from the Bitcoin enthusiasts. By popular request, we have now added Litecoin trading to BTC China's trading platform.
In addition, Litecoin trading will have 0% trading commission!As a responsible trading platform and a Bitcoin industry leader, BTC China is committed to providing a safe and secure platform. We always focus on the safety of customer’s funds.
We will strive to continue to offer the best service to our customers, so we appreciate any suggestions, comments and feedback.
Thank you for your support, and we wish you a happy and prosperous Year of the Horse!
BTC China TeamMarch 4, 2014

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Introducing Crypto Pros Mining Pools!

We are proud to announce the launch of our Mining Pools! We offer 2 Auto-Switching Mulitpools, ASMs for short, along with 25 coin specific pools!

There are two Auto-Switching Multipools (ASM) to choose from, one for Scrypt altcoins, and one for SHA-256 based coins including Bitcoin.

The Scrypt ASM currently chooses the most profitable coin to mine, based on current exchange rates and difficulty settings, between 20 alcoins and continually switches between then to increase your profitability.

Notice the green banner, at the time of this picture the ASM was mining DOGE

The SHA-256 ASM currently has 5 coins it chooses from, just as the Scypt ASM does, this pool switches between these five coins as one stands out amongst the other as more profitable to mine at that moment.  

Notice the green banner, at the time of this picture the ASM was mining BTC

If Auto-Switching Multipools are not your thing and you would like to focus specifically on one coin or another, we have you covered. Each coin in our ASMs can be mined solely at your discretion.

For each coin, you can set up automatic payouts to the payment address of your choice.  To best maximize your profitability, we suggest you consider utilizing Cryptsy's auto sell feature.  Read this guide to learn more. 

The mining fee is only 1.5% on all coins except Bitcoin which is at 0%!  Some standard transaction fees apply to certain coins, review the FAQ's for the pools here for full details.

If you have never used an ASM give it a try for a week and compare your results agains mining single coin, you will be impressed with the increase in profitability.

Scrypt Coins
Litecoin (LTC)DigitalCoin (DGC)PhenixCoin (PXC)DogeCoin (DOGE)Mooncoin (MOON)
FeatherCoin (FTC)NovaCoin (NVC)MegaCoin (MEC)Diamond (DMD)Earthcoin (EAC)
Mincoin (MNC)LuckyCoin (LKY)BottleCaps (CAP)Grandcoin (GDC)Lottocoin (LOT)
WorldCoin (WDC)Argentum (ARG)Cryptogenic Bullion (CGB)FedoraCoin (TIPS)AuroraCoin (AUR)
SHA-256 Coins
Bitcoin (BTC)Freicoin (FRC)PeerCoin (PPC)Terracoin (TRC)Zetacoin (ZET)
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Do you have any spare mining equipment? Thought NOT!

My mining hobby started with the intention of becoming familiar with the Linux operating system.   I thought I was pretty hot stuff with my cool milk crate and way bad 7870s humming in the background, tearing it up at almost 800k hash for the pair. 

How times change. The R9 Series GPUs were released and moving to BAMT killed any opportunity for me to become familiar with Linux. 

So one Saturday I was doing my morning ritual of checking my rigs, coin prices, and performing due diligence for my regular job and had like 8 windows and 30 internet tabs open.  Now this lap top has seen better days and wouldn't stand a chance against even the slowest turtle.  Then the daily blue screen of death popped and got me to thinking. 

I have a spare motherboard that is in great shape except for one PCIE slot that was wrecked trying to put in a presence wire.  Throw in one of those 7870s that was just decommissioned the other day,  spare power supply and that’s halfway to a new computer!

Off to the electronics store again to scoop a case, RAM, CPU and hard drive.   It was interesting that many cases didn't have fans, but the friendly associate pointed me towards one that already had the fans installed, a little more expensive, but hey, it was $70 and made it easier on me.    Being this was a work computer the CPU and RAM was upgraded over what was in my mining rigs, and of course this rig would not be running on a USB stick, so a 1 TB hard drive was added along with a DVD Burner just because it was cheap ($17).

All together (including my spare stuff) this computer ended up under $800, and after getting mining rigs working putting this together was a relative piece of cake.  It did take a little more time due to all the case wiring, but by the late afternoon I was up and running on my new Linux (Ubuntu) system. 

Overall it is pretty cool looking with several fans that glow blue, and more USB ports than the average person could ever dream of using.
 
Most importantly Ubuntu provides a nice stable platform and plenty of speed to handle all the windows and tabs that would kill my laptop in no time.

One would think this would be the end of story, but ARR Matey we be miners, and miners cannot just leave GPUs laying around not mining!   The second de-commissioned 7870 was calling my name that next morning, so with a riser cable, a little farm boy engineering (ie: tie wraps),  and a download of Cgminer  we were off and running.   After dropping the intensity down to 17 on GPU 0 the computer responded as it had before, nice and fast.  Now granted any gaming would probably require a mining shut down, but I guess there won't be any game playing on this computer!

So now I have my Linux system that can handle about anything I can throw at it and it puts out a steady 775k hash.  What more could you ask for!




Be safe, find MoAr blocks!
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