AuthorScott Fargo

I am a disabled former Systems Admin, computer tech, business manager enjoying crytpo currencies. I am deeply involved in the mining ecosystem and physical coins, It fascinates me how it has brought people from all over the world together into a tight knit supportive community with commerce and tech.

Bitcoin Mining Company SFARDS Pushes Powerful Dual Bitcoin and Scrypt ASIC Miner Chip

SFARDS announced they have taped out their 28nm ASIC that will allow miners to mine both SHA-256/Bitcoin and Scrypt coins like Litecoin. The power to gigahash ratio is aggressive according to their press release. They are also shooting for an April release of they miners to both large operations and small miners. SFARDS is a Chinese cryptocurrency mining company, created from the merger between...

BitGo Bitcoin Wallet Introduces Free Services For Individuals and Major Improvements

BitGo is announcing they are beginning to offer their services free for individuals. This news comes packed with several updates across the board. BitGo is adding features needed by enterprise customers; these include secure wallet sharing, address labeling and management. On top of it all they offer advanced audit capabilities like transaction memos. These robust features keep BitGo ahead of the...

BitFury Reveals 28nm Bitcoin ASIC Chip at 0.2 Joules Per Gigahash

BitFury has completed manufacturing their new 28nm Bitcoin ASIC miner chip. This a big step from their current 55nm chip. BitFury had a great 2014 bringing in $40 million in venture capital funding. Valery Vavilov, the CEO of BitFury, has also made moves to other parts of the Bitcoin industry partnering with BitGo and looking beyond just processing Bitcoin transactions. Also Read: Bitcoin Mining...

Bitcoin Foundation Launches Public Education Campaign on Bitcoin

blockchain education

Elections for current seats on the Bitcoin foundation are underway yet business for the foundation is ongoing. Recently the Foundation along with many prominent Bitcoin companies have gotten together to further education on Bitcoin by engaging theAudience - one of the world’s largest multi-channel publishers of social and digital content.  Bitcoin is more than just a currency it is a whole...

Review of the Bitcoin Asic Miner Bitmain Antminer S5

Bitmain recently introduced the Antminer S5 with their next generation chip. The S5 has the familiar open blade design as the S1 with panels on the sides to direct airflow without being completely encapsulated as the S3. What makes the S5 shine are the new chips. The S5 consumes 560 watts in our tests and runs at 1.1 to 1.2 th/s. Specifications Antminer S5: Hash Rate: 1155 GH/s ±5% Power...

Bitcoin Mining Company BitFury to Acquire Allied Control For Immersion Cooling

BitFury to Acquire Allied Control For Immersion Cooling To Deploy New BitFury ASIC Chips at Unprecedented Power Densities

Valery Vavilov, BitFury CEO, recently told me in a one on one interview at TNABC (The North American Bitcoin Conference) in Miami that he believes in the technology of the blockchain. He sees the infrastructure that has been built up around it as amazing with endless opportunities. He told CCN that BitFury is making some moves to be able to make transaction processing (mining) more efficient and...

Tyler Roye Talks about eGifter's Deal With eBay

eGifter recently added eBay to its list of gift cards you can buy using Bitcoin and other Cryptocurrencies. eBay is one of the brands along with Amazon that people want the most to be able to shop at using Bitcoin. eGifter's easy to use service bridges the gap for eBay and many more. Tyler Roye, the CEO of eGifter, has been working hard to bring more and more cards to the digital realm. Also...

BitPay Explains How They Handle It When Exchanges Go Down Like Bitstamp's Recent Outage

Exchange

Bitstamp recently came out that their hot wallet was hacked causing them to lose ~18,866 BTC (~$5 MILLION USD). This incident is bad for the exchange as well as for Bitcoin. What many do not think about is how it can cause issues for other companies. One company that reacted quickly to the situation is BitPay, the largest Bitcoin merchant processor now sponsoring the Bitcoin Bowl. As a company...

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