Monday, June 27, 2011

Bitcoin Mining Calculator

Bitcoin Mining CalculatorWhile running Bitcoin mining on your fast GPU ATI hardware you may want to know how much it earn you in next days or weeks. For this purpose you may want to check some Bitcoin mining calculators.

Bitcoin wiki got a page with link to all popular calculators around the net for today. There are two most popular - Generation Calculator which can compute how much would you get American dollars (USD) in day, week or month based on your hardware hash rate and market exchange rate of 1 BTC.

The second one will show you more information about current state of the Bitcoin network and future changes in mining difficulty. This gives you more accurate assumption on your earnings in the future, which will be lower while difficulty rises.

Wednesday, June 22, 2011

Bitcoin exchange MtGox back online after hack

bitcoin As you can hear MtGox is big bitcoin exchange and it got hacked last week. Exchange admins said database was leaked with password hashes. Some of weak passwords were computed and hackers started sell-off bitcoins and excahge rate down to 0.01 USD for BTC. Admins stopped operations on the site and promised rollback all hacked transactions. A few hours ago MtGox went back online and started transactions. Current prices are 17.5$ per BTC.

Friday, June 17, 2011

Protect Bitcoin wallet from stealing - How to

bitcoin Today first anti-virus company Symantec has reported that it found a new Trojan in the wild stealing Bitcoin wallets. The Trojan name is Infostealer.Coinbit and it looking for Bitcoin wallet.dat file on computer's disk to send it to the hacker. To protect your wallet from stealing by such type of trojans Symantec recommends additionally to general security actions to encrypt your wallet and choose a strong password for this in the event that a hacker is attempting to brute-force your wallet open.

Thursday, June 09, 2011

Use and mine Bitcoin money- How to

bitcoin Bitcoin is an online peer-2-peer full electronic currency system. It is open to anyone, backed by strong cryptography and has no central authority. To start using Bitcoin money you need an account number, called "wallet". It can be created by Bitcoin software downloaded from official Bitcoin site. A wallet number is a long hash string with digits and letters and looks like this one: KeG7KqZ4R17LM2J9mtpFu2Px5Dzpc1E3s6 Using this number you can send and receive money between wallets. You can use Bitcoin money to buy real products and services or you can even exchange Bit coins for other real world currencies too on exchange markets.