This story was originally published on December 8, 2015. Shortly thereafter, Craig Wright scrubbed much of his digital presence and disappeared for months—until May 2, 2016, when he publicly announced that he is the creator of Bitcoin.
My dealer was 15 minutes late.
It's 2014, and this is what a mining accident looks like. A massive fire reportedly broke out at a Bitcoin mining facility in Thailand last month, devastating all three of its buildings and possibly millions of dollars in hardware. The fire might just be a wakeup call to all the startups trying to mine Bitcoin on the…
The digital currency Bitcoin has fluctuated in value, but it seems unlikely to go away in the immediate future. And part of its ongoing strength depends on Bitcoin farms, where virtual value is mined in enormous factories
There's been a digital cash rush over the past few months, with Bitcoin rising in value from $13.50 to over $1000 in 2013. Economist Paul Krugman calls Bitcoin "evil," while economics-obsessed scifi author Charles Stross says he wishes it would die in fire. Why do they think Bitcoin will usher in the econopocalypse?
If there was any doubt that bitcoin — a distributed peer-to-peer digital currency — is seriously on the way in, this new ATM at a Vancouver cafe should put those reservations to rest.
It may be the currency of the future, but it now appears that Bitcoin is not immune to the U.S. government's prying eyes and hands — especially when it's being used to fuel black market activities.
Bitcoin mining machines are insane powerhouses, and they're only getting crazier. How much power is getting sunk into the digital cryptocurrency? More than the world's top 500 supercomputers combined. What a waste.