Bitcoin mining.

[Bitcoin]

How to make a Raspberry Pi Bitcoin Mining Rig|9:43

[Bitcoin]

Earn Residual Income With Staking.
1. Bitrue - Bitrue exchange is established by a group of blockchain enthusiasts and focuses on cryptocurrency trading. They have made it very easy for those getting into crypto for the first time and helping them with trading to successfully managing their crypto investments. I have been using Bitrue ever since they first came out with their Power Piggy Service . Which is a service they provide to stake your cryptocurrency and earn anywhere from 5.3% all the way up to 17% on your crypto. Now the way Staking works is that you have to have your cryptocurrency locked up for a certain amount of time for it in order to mature and earn interest on it. They currently have Staking for Bitcoin, XRP, Ethereum, Litecoin, Cardano, and many other popular cryptocurrencies. They do however have a minimum to qualify for their daily Power Piggy Staking Services. So if you do happen to have some extra bitcoin stored in unwanted wallets. Why not give Bitrue a try and earn some staking rewards from it.
Signup Today for a Chance to Win up to 240,000 XRP - Claim a Signup Reward of Free XRP deposited to your account and earn interest on your Crypto using the following sign up link: Bitrue.com.
2. Atomic Wallet - With the all-new sophisticated Atomic Desktop/App wallet, you can now stake popular Cryptocurrency all within your wallet with a single click of a button. Amazing wallet for beginners that want to start learning how to get started staking your coins, this wallet allows you to stake with no technical knowledge.
The Atomic Wallet currently supports staking on Tron, Tezos, Cosmos, NEO, VeChain, and many other Popular cryptos with many more being added soon. If you currently have these cryptos sitting on other wallets not earning you any rewards. Why not let your crypto work for you by staking them on the Atomic Wallet.
Hands down this is my most favorite and most used wallet, as they provide amazing 5-star customer support. They usually reply within a couple of hours or less with the solution to your problem. Having possession of your own Private keys and top customer support are the most important details to me when you're dealing with a lot of money.
3. HEX.win - HEX is a completely Decentralized Finance (Defi) platform. HEX is free for Bitcoiners, more secure, faster, cheaper, better for the environment, and addresses a larger market than Bitcoin. HEX has done a 92x price increase vs Bitcoin so far and is poised to increase even higher this year. Not to mention it's considered to have one of the best Staking rewards in the industry. The longer you have your tokens staked for the higher the percentage you get rewarded. HEX has been one of my best-performing Tokens by far this year and I wouldn't be surprised if it's the highest performing Altcoin in my portfolio next year as well. With a very easy to use platform, top staking returns, and rewards you may want to consider adding HEX to your portfolio.
Easy To Use Crypto Investing App.
If you're new to cryptocurrency or simply just looking to get your feet wet in cryptocurrency investing. A great app to get started is HODLIT. This new app makes it extremely simple for anybody to get started. Simply connect your bank account to start collecting your spare change to invest in a portfolio of cryptocurrencies. Or set a daily recurring deposit, it's really your choice with 100% control of your crypto portfolio. Just start with your spare change. Low risk and low commitment and create your own unique portfolio from the best cryptocurrencies currently out in the market. Then they will automatically round up your purchases to the next dollar and collect the change. Or you can set a recurring daily amount. When the total amount reaches $5, they'll withdraw the amount from your bank account and invest it according to your portfolio.
How Does HODIT Work?
Sign Up Connect your Bank Account (Same Security Level as your Bank app) Adjust your roundup change and set which Cryptos to invest in. Set Your Recurring daily, weekly, or monthly payment submission (optional). That's it! The App does the rest for you and you never have to worry about the up and down market, as you'll be dollar-cost averaging.
Step #5 - Become a Crypto Bounty Hunter.
Earn Crypto by Sharing on Social Media or Completing Easy Tasks!
What is a Crypto Bounty Hunter? - A crypto bounty hunter is a participant in the initial coin offering (ICO) process who markets the offering to investors and audiences in exchange for incentives. The crypto bounty hunter is generally paid in the form of ICO tokens that can later be redeemed into fiat currencies after the token is listed on a crypto exchange.
Start joining Bounty platforms where you can earn Tokens for simply sharing post that ICO's would like for you to share on your social media with your followers. The more followers you have on social media the more Stakes/Tokens you can earn. Each Bounty platform has different ways of submitting your entry but all of them are pretty easy to join and start earning some free cryptocurrency. By completing simple task like re-sharing a post, liking a page, retweeting a tweet, writing up an article or even making a video. There are all sorts of methods for you to start earning some crypto very quickly. Please keep in mind you will need an Ethereum Wallet that is ERC20 compatible in order to receive your Tokens after the Bounties are over (I would recommend using MyEtherWallet).
I recently have found the top 3 most popular and user friendly bounty platforms you can join today. All 3 platforms seem to have easy integration to your social media accounts (Facebook, Twitter, Telegram & Reddit). You simply just press a button to instantly share to your social media channels, no technical knowledge required. They make it very easy for everybody to accumulate Stakes/Tokens for each ICO offered on their platform. Once you receive you're tokens to your Ether wallet, you can always exchange them on an exchange for larger named crypto's like Bitcoin, Ethereum or Ripple 🙂
Sell Your Stuff for Crypto.
A great way to earn Cryptocurrency quickly is by selling the stuff you have laying around your house. You can list your stuff on Online Auction Sites.
These sites are very similar to eBay where you can list your new or used items for sale. However, both these sites I recommend are a bit better, as they do not charge you anything if your item doesn't sell and if they do happen to sell your item, they only charge 1%-10% of the total cost, compared to eBay's high seller fee of 5%-15% and with Bitify now allowing you to accept both Bitcoin and Litecoin as payment. You're sure to gain Bitcoin faster and easier this way. Who knows you might find these two sites to be your main source in gaining Crypto, as so many are currently doing now.
Sign Up today for a Free Seller & Buyer Account. As for Listia they are currently giving away free Props tokens when you list your first item for sale! If you don't want to keep your Props token you can always exchange them for Ethereum. However, if you keep your Props Tokens, you will gain more perks within the platform and earn Props as the Listia platform grows, the value of the token will increase as well.

[Bitcoin]

Crypto-mining: How to Mine Monero on Raspberry Pi?|10:12

[Bitcoin]

Cryptocurrency Cash Back Platforms.
Shop at your favorite stores and start getting FREE Bitcoin & Cashback Rewards when you shop online or in-store!
Now what I'm about to show you is a Little Trick I use to 2x my cryptocurrency savings when I shop online. Saving me anywhere from 2% to 30% at times. If you just combine these 2 applications when your shopping online, you too can start accumulating them Satoshies that much quicker and saving you money at the same time! All you have to do is follow the following steps:
1. Add The Lolli Extension to your Chrome Browser (also works with the Brave Browser) - (once you have successfully added the browser extension) You would first start by clicking on the Lolli Icon located on the top right and sign in. >>> Once at the Lolli site chose the store you want to shop at, for this example let's say Hotels.com >>> Then just do the normal shopping you would on the site, just make sure the Lolli icon has turn green (very important), this shows your savings is activated. >>> Once at checkout DO NOT PAY USING ANY OTHER FORM OF PAYMENT, make sure you chose to pay with GIFT CARD . This is where the Fold App comes in.
2. Download the Fold App - (Once you have successfully downloaded the app) Sign in and click on the little shopping cart located below (Marketplace) >>> Chose the same shop your shopping at, which in this case we're using Hotels.com as the example >>> within the app you will purchase a Hotels.com Gift Card for the total amount you wish to use >>> You pay for the Gift Card and submit the Gift Card Code # and PIN provided at checkout and Voila! You just doubled your savings! Which in this case we use Hotels.com, Lolli will give you 3.5% Cashback and you will earn another 6% Cashback for using the Fold App for a total of 9.5% savings which will be sent to you in Bitcoin! YES, I know AMAZING Right!
So for this example, we used Hotels.com but you can use it for many other online shops. Like Macy's, Gap, Old Navy, 1-800-Flowers, Nike, Staples, and many others. So take advantage of these free shopping tools. If you download the app today, they will add +20,000 Satoshies to your account to start. Hey, free Bitcoin Why Not!
If you want to earn an EXTRA 2% Cashback in crypto you can always apply for Crypto.com Visa Card. Which will give you 2% cashback on all your purchases and many other perks. If interested in getting you're own Crypto.com Visa Card you can apply for your own by download the Crypto.com Wallet app . Please be advised that in order to qualify for the card you will need to own and stake 50 MCO tokens.
3. Pei App - Pei's goal is to change your finances and assist you to get the foremost out of the items you're shopping for. They are doing this by providing cashback opportunities with their thousands of local shops and restaurants.
Pei launched in 2018 and since then they have gained quite the popularity. You won't be hearing anybody bad mouth the app. As nobody hates obtaining cashback, as Pei has made it really easy to accumulate them Satoshis.
The premise of the app is straightforward. You link your Debit or Credit Card (and it doesn't matter the kind of card), continue as you do shopping locally with your favorite local retailers or restaurants, and earn up to twenty percent cashback in Bitcoin or cash.
(use promo code: kpvvh0 upon sign-up and get a $5 Bonus when linking your first card)
4. StormX - This application not only does it provide you with cashback it also rewards the user for holding and investing in their StormX token (STMX). The more StormX tokens you hold on your linked Ethereum wallet the more cashback you can receive (up 21% cashback) from all your online shopping. Which you can withdraw your earnings in BTC, ETH, LTC, STMX, YFI, and Dai. When you hold StormX tokens you also get rewarded with more benefits and Staking within their application. STMX is a token that keeps on giving and well worth adding to your portfolio.
5. Dosh App - Now for this App, it won't provide you with cashback in crypto, but if you connect other credit or debit cards to this app. You can earn some extra cashback too and use that cash to purchase more Bitcoin. Which is what I'm currently doing. To top it off if you sign up for this app today you can get $5 free when you first download the app and link a card to it. Hey, why not use that towards your first purchase of Bitcoin.

[Bitcoin]

How to mine cryptocurrency with Raspberry Pi 3!(2018)(SUPER EASY)|4:16

[Bitcoin]

Latium Gig Platform.
Recently release the Latium Gig Economy is the first of its kind where all gigs are backed by the LATX Tokens. This is a pretty unique platform that is similar to Fiverr but with The Latium platform you earn LATX Tokens, Bitcoin, Ethereum, and many other popular cryptocurrencies for completing gigs. So, for example, you visit the platform (first sign up) and apply for a gig that you can complete, which are several easy to complete gigs that you can do by completing a task like sending a tweet, re-tweeting or re-sharing a post, writing an article, making videos, commenting on blogs and so on and so on. The more difficult the task is the more Crypto you make. There are so many easy tasks you can complete for earning tons of free crypto with the Latium platform. Please keep in mind you first have to apply for the gig, which usually takes about 24 to 48 hrs to be accepted. Once accepted you will have to complete the instructions and send the gig employer your confirmation links, then you get paid.
Another cool thing about this platform is that you can also advertise your gigs and have others earn LATX Tokens to promote your crypto products or services. Which makes it easy to promote your affiliate links and earn crypto that much faster. I actually see others creating gigs on there to sign up for their affiliate programs for free and in return will provide you with free Crypto.
Once you have collected some LATX Tokens the Latium platform now has a built-in Exchange which allows you to exchange your LATX Tokens for either Ethereum, Bitcoin or any other cryptocurrencies. There are so many gigs available at this time, you can easily make a lot of LATX tokens and actually earn some serious dough.
If you're a Gambler you can always try your luck with online gambling. Now I don't suggest going this route unless you are very familiar with Online Gambling or any type of gambling. As online gambling is very risky but may result in high profits. This decision is really up to you, so think wisely and long before trying any form of online gambling . However many have gotten great results and earn a great living through online gambling, which makes it something to look into. Currently the most popular Bitcoin gambling sites with the most Bitcoin users are the following three sites which have been giving me personally great profits! All three offer Football and other popular sports betting.
Betting Tip #1: When opening an account with BetMoose , you can also Host a Bet, When you host a bet you can make a significant amount of Bitcoin. BetMoose allows you to host as many bets as you wish. For every successful betting, you host you will earn a percentage of the fees. Here are BetMoose's current winning percentage for those hosting their own bet.
The structure is as follows:
Level 0 (0.5%) - - everyone begins here.
Level 1 (0.6%) - - 1 successfully resolved bet.
Level 2 (0.7%) - - 2 or more resolved with a cumulative volume of 10 or more.
Level 3 (0.8%) - - 3+ resolved and cumulative 30 +
Level 4 (0.9%) - - 4+ resolved, cumulative 50 +
Level 5 (1.0%) - - 5+ resolved, cumulative 100 +
If you try to host at least ONE bet per week you're looking at a great amount of Bitcoin coming in on a weekly basis! The more bets you create the more you can start making today! Hosting your bet is 100% Free to do so TAKE ADVANTAGE OF THIS FREE SERVICE!
Tip #2: For those that don't even know much or very little about betting on sports, no worries I'm on the exact same boat. However I found an amazing method that will provide you with an 85% high chance of winning every bet! This however only works for all Bets on Football (Soccer) Leagues. All you have to do is sign up for any of the three betting sites. Once you have signed up, you visit this secret high prediction site that will provide you with the best soccer predictions for all upcoming football games - bettingclosed.com . Next before even submitting a bet for any match, always check the statistics from Google . Let's say you get a match with a 3-1 prediction score on BettingClosed. Now you will write on Google for TEAM A vs TEAM B match and put a date after it like 20/12/2020 and read the top 2 to 3 articles what they say about the match. If any of the articles say that TEAM A is likely to win the match with 2 goals or a goal difference then book that match. I just want you to get little help from the search engine for your safety. Use these keywords when you submit a search:
Team A vs Team B match statistics Team A vs Team B match prediction.
Number 2 never choose a close match like 1-0, 3-2, or a draw like 1-1, leave all those matches alone, only choose those where you can see a good difference, like 3-1, 3-0, 4-0, 2-0. If you master this you can win a large amount, this would work even better if you know your football, As for me not having enough time to catch up on my sports, this method has worked very well for me on all three betting sites.
Step #6 - Make Sure Your New Bitcoin Network Is Working On Automatic.
#2. Brave Browser - Another Browser I highly recommend using as well is the Brave Browser. T his new internet browser, which you can download and use on your mobile phone or desktop computer. This new browser has made internet browsing much safer, faster, and more profitable for publishers. Now what makes this internet browser called Brave more unique then the rest? It's the two forms of getting paid in Cryptocurrency for using their browser.
The first way Only works is if you're a publisher (blogger, the site owner) and you have banner adds on your site. The way you get paid Cryptocurrency is by getting a daily share of the earnings from all publishers on the Brave Network. From the Revenue that Brave makes from all the customers who pay a subscription to block adds from being viewed when they browse. Or they can directly tip each individual publisher they chose and set which sites they chose to tip within their browser dashboard.
The second way you get paid is a bit more simple. All you have to do is allow ads to be viewed on the browser. So by allowing ads to be shown when you do your normal internet browsing, you will be earning a little bit of Cryptocurrency. I believe they will have their own token (which runs on the Ehtereum Blockchain) or possibly give away Ethereum as well. All earnings will be sent directly to your Brave Online Wallet in which you can either donate the earnings to your favorite publisher or withdraw them to an external wallet.
#3. Bravocoin - The all New Review app that pays its community for writing and rating reviews of restaurants, hotels, services, movies, video games, and more! If you're familiar with the Yelp app and constantly using it to leave reviews for places you visit. Well the Bravo app is definitely for you. Why not get paid for what you're already doing on the Yelp app when you can now get paid on the Bravo app with Bravocoins. The more quality your reviews are and the more reviews you happen to submit the more Bravocoins you make, as simple as that! I would recommend sending as many friend requests as you can. Making friends on this app really really pays off. As the more friends you have following you the more they can upvote your reviews, in turn making you more Bravecoins. To be honest with you I actually stopped using the yelp app completely and switch to the Bravocoin app, which I already made me a little over $300 worth in Bravocoins. Well worth it and always recommend it to my friends and family as the reviews you happen to submit are actually tied to google reviews and helps each business you submit a review for a lot! Also, a great way to support small businesses locally or online.
Download the Bravocoin app today to claim your first Free 10 Bravocoins !
#4. Send Traffic To Your Affiliate Links - HitLeap is a Traffic Exchange service, which automatically delivers free traffic to your website(s). You simply download their free software and let it remain open (run on the background) on your PC and you can even minimize it and don't even bother with it. As long as you have it running on the background you will get an unlimited amount of free traffic back to your site(s). You can even have multiple computers running the free software and in return you'll earn even more free minutes which will create even more traffic & clicks to your links!
Another site to refer to is LeadsLeap . This site was created for affiliate marketers with easy to use affiliate web tools to bring in more conversions and sales. All web tools provided on LeadsLeap are 100% free to use for members. They even allow you to integrate a widget within your website to easily generate more traffic back to your site. Not to mention you will receive 100% Real Visitors who are interested in your offers. They have easily created a program that you can automatically make some money while using their services and getting traffic. So give them a try, I'm more than sure you will love their platform - LeadsLeap.com.
#5. GetResponse - Sign up for this email marketing provider! It's a must if you plan in having referrals clicking on your referral links on a constant basis. For Only $25 a month you can build a powerful email list of up to 2,500 subscribers, which you can email once a week ( I recommend, no more, no less), with new referral deals for them. With getting Response you will have all the tools and resources you need to build a powerful Bitcoin business, from attractive email templates and impressively easy to create landing pages. Not to mention GetResponse happens to be the top email marketing company that works well with affiliates. When you send an email out, get creative and use one of the many GetResponse stunning email templates they provide you with and send emails with attractive headings like: "Top Three Bitcoin Faucets to Join", "Top Bitcoin Investment Sites", "The New Buzz in Bitcoin", "Join These Bitcoin Sites Before It's Too Late". Just so that you can have an idea and have your subscribers clicking more on your email links.
Click Here for your First Month Free Trial and $30 free credit when you sign up.
#6. Fiverr - This Site has helped me personally to advertise my affiliate links much quicker and gain an abundance of referrals. I highly recommend using Fiverr's services to promote your social media accounts or your new Bitcoin site, create banners for your referrals links or even have somebody create a stunning website for you at a very affordable price. I got my website BitcoinOnAutomatic.com on Fiverr, for only $50. Now that's a bargain! There are so many gigs on Fiverr that I'm more than sure you'll find what you're looking for to help you with building a successful Bitcoin network! One thing I learned from experience on Fiverr is to make sure to purchase from experienced sellers with a lot of feedback and try to avoid new sellers with no feedback as most likely you will end up getting something you don't like.

[Bitcoin]

How to make a Bitcoin Node out of a Raspberry Pi 4|11:52

[Bitcoin]

Click Here to Claim your First FREE Gig on Fiverr!
Bitcoin 2014 Year in Review.
The goal of this article is to review Bitcoin's growth as a whole, and discuss key events that happened in each month, and attempt to predict what we can expect 2015 to be like using 2013 and 2014 as years of comparison. This article will be broken down into months covering January- part of December. Bitcoin's market will be explained simply rather than thoroughly analyzed. I hope you enjoy this article as we review this action-packed year for Bitcoin and look into what the future might yield.
disclaimer: The author is fully invested in Bitcoin.
Before jumping into 2014, we will establish some key facts which will be revisited at the conclusion of the article, these statistics will be very important for calculating Bitcoin's growth over 2014 from 2013 and be used for making possible predictions for the growth we might see in 2015.
2013 statistics (December 2013)
Estimated wallets:
12 Million wallets (hosted + desktop + mobile) note: calculating the total amount of Bitcoin wallets is very difficult, this count includes dormant wallets that have not been touched over long periods of time. Estimated daily transactions: 75,125 Estimated daily volume: 1,563,212 Bitcoin difficulty: 707,408,283 Bitcoin hash rate: 7,419,911 Gh/S.
2014 statistics (December 2014)
15.8 Million wallets (hosted + desktop + mobile) note: calculating the total amount of Bitcoin wallets is very difficult, this count includes dormant wallets that have not been touched over long periods of time. Estimated daily transactions: 97,296 Estimated daily volume: 1,282,270 Bitcoin difficulty: 40,007,470,271 Bitcoin hash rate: 286,384,627 Gh/S.
January:
Market: Peaking at $1012 during the month, Bitcoin's price settled at $853 by the end of the month. Overstock's announcement of Bitcoin acceptance caused the price to increase before correcting and settling down at $853 by the end of the month. (Bitcoinist recently interviewed Mr. Patrick Byrne click here to read it.)
Major events: Overstock.com became the first major US based merchant to accept Bitcoin payments. Overstock teamed up with Coinbase to make it possible. Patrick Byrne, CEO of Overstock, told Telegraph the following:
"Bitcoin is well suited for online transactions. It has no transaction fees and works well for international customers. Providing this convenience for the cult-following Bitcoin customer is the smart thing to do. Other online companies will have to follow suit soon."
At the time of the announcement, Overstock converted all BTC transactions to Fiat currency but has since started holding some of the Bitcoin from transactions. Overstock's decision to accept Bitcoin lead to other large companies joining the revolution as well.
More Bitcoins were forfeited from the Silk Road server, increasing the total stash's value to over $130 million at the time. "These bitcoins were forfeited not because they are bitcoins, but because they were as the court found, the proceeds of crimes," US Attorney Preet Bahara told the press.
Vice chairman of the Bitcoin foundation, Charlie Shrem, was arrested for conspiracy to commit money laundering and "knowingly contributing" to anonymous drug sales. The charges accuse Shrem and an accomplice of "engaging in a scheme to sell over $1m in bitcoins to users of Silk Road". The Bitcoin Foundation distanced themselves from Shrem though their reputation was not tarnished. Following the arrest, Shrem resigned from the Bitcoin foundation.
In addition to Overstock, Tigerdirect partnered with Bitpay to accept Bitcoin payments. This partnership marked two major retailers accepting Bitcoin and helped further foster the liquidity of Bitcoin.
Gox February:
Market: Peaking at $848 during the month, Bitcoin's price settled at $563 by the end of the month. Mt. Gox was the reason for the downturn that spilled over into the coming months.
Major events: February was by far the most turbulent month of 2014 for Bitcoin. After the collapse of Mt.Gox and the loss of an estimated 744,000 Bitcoins valued at $400 million, Bitcoin's future was heavily debated. Many people believed that the collapse of Gox would be the end of Bitcoin and cryptocurrencies in general. While Bitcoin continued on, the effects of Mt.Gox are still felt today. Gox continues to serve as a strong reminder for Bitcoin users to responsibly store their money and not put as much trust in third parties. Bitcoin gives individuals control of their money, and, unfortunately, things like Mt.Gox can happen. Though the result was catastrophic for many people, Bitcoin's technology cannot be un-invented and persists through the decentralized network. Mt.Gox defined the need for top notch security and the weeding out of 'bad actors' within Bitcoin.
Prior to the complete collapse of Mt. Gox, the exchange had been experiencing problems with transaction malleability due to programmer error at the exchange. As it turns out, this was not the only issue faced by Mt.Gox and poor management and programming eventually led to the collapse of the former Magic the Gathering Online exchange. (For more on Mt.gox read our "Everything You Need To Know About Mt. Gox" report here.)

[Bitcoin]

LivingOnCrypto: Is it possible to mine profitable with a Raspberry Pi? - with Michael J Ingvarson|7:11

[Bitcoin]

March:
Market: Peaking at $690 during the month, Bitcoin's price settled at $448 by the end of the month. The Price continued to drop as the wake of Mt Gox continued.
Major events: Flexcoin, the Canada-based Bitcoin bank, closed after losing $600,000 in a hacker attack. An attacker stole the entire contents of their hot wallet which contained over 800 Bitcoins. Flexcoin branded itself as the first Bitcoin bank, allowing users to send funds to one another instantly and without transaction fees. This theft followed Mt Gox.
Bitcoin 2.0 became closer to becoming a reality. Companies like Ripple Labs and Bitshares realized that there is great potential to expand the Blockchain beyond just storing transactions. People began to realize that this technology could change the way e-commerce and m-commerce are done, as well as how people deal with one another. These companies began developing their technology that could be used for voting pools, creation of contracts, coins, etc. The potential of Bitcoin 2.0 was fully realized.
The IRS ruled Bitcoin as property rather than currency; this move outraged many people. The IRS will treat Bitcoin in the same way it does stocks and barter transactions. By declaring Bitcoin as property, Bitcoin investors faced new liabilities that they didn't have to worry about before. The full effects of this ruling will be felt this tax season.
Newsweek infamously confronted Dorian S. Nakamoto and wrote an article that accused him of being the creator of Bitcoin and disclosed where he lived, putting him and his family at risk. His name has sense been cleared, and many members of the Bitcoin community reached out to help him out as he tried to recover from the stress of the events.
April:
Market: Peaking at $535 during the month, Bitcoin's price settled at $446 by the end of the month. Rumors in China led to further price drops.
Major events: This was the month of rumors. After China had declared that Bitcoin was not a currency, rumors emerged that China's Central Bank would tell banks to stop dealing with Bitcoin exchanges, resulting in a large market crash. At the time, China controlled over 50% of the market, and the rumors caused widespread panic and further price drops.
Bloomberg decided to add Bitcoin to their website and allow people to view market information and price. This move added some credibility for Bitcoin in the eyes of the public.
Market: Peaking at $629 during the month, Bitcoin's price settled at $629 by the end of the month.
Major events: The PBOC refuted rumors that they were going to instruct banks to quit dealing with Bitcoin exchanges. Though this helped, the rumors continued to spread and cause fear in investors.
It was discovered that two trading bots, Willy, and Markus, pushed prices up to $1,000 before the bubble burst after Mt. Gox's collapse in February. These bots operated on the exchange prior to the collapse and contributed to the sharp market drops.
Bitcoin celebrated another Bitcoin pizza day. The first transaction with Bitcoin in exchange for goods was believed to have been made by a Florida man named Laszlo Hanyecz, who spend 10,000 for two large pizzas from Papa Johns. Today, those two pizzas are worth about 5 million dollars. Bitcoiners all over the world celebrated (including me) by ordering pizzas with Bitcoins.
Market: Peaking at $665 during the month, Bitcoin's price settled at $635 by the end of the month.
Major events: Expedia announced that they would accept Bitcoin payments. This event was welcomed by the Bitcoin community which had experienced a very turbulent past few months.
Canada signed their first bill regulating Bitcoin. Discreetly named ("Bill C-31"), this regulation prevents exchanges from banking if they are unregistered, as well as works to combat other money laundering techniques.
Google Finance launched a Bitcoin price tracker.
US Marshalls auctioned 30,000 Bitcoins to Tim Draper, a venture capitalist.
June was relatively free of any negative events.
Market: Peaking at $650 during the month, Bitcoin's price settled at $584 by the end of the month.
Major events: Newegg announced that they would be accepting Bitcoin. Newegg joins many other retailers that accept Bitcoin.
New Ransomware was deployed by hackers in an attempt to steal Bitcoins from known Bitcoin users.
August:
Market: Peaking at $584 during the month, Bitcoin's price settled at $474 by the end of the month.
Major events: A hacker was able to take roughly $83,000 worth of Bitcoin by hacking into ISPs over the course of 4 months. This kind of attack will be hard to do in the future.
The Consumer Protection Agency issued a warning about Bitcoin and the use of virtual currencies. This report damaged Bitcoin and caused some of the market drops.
September:
Market: Peaking at $480 during the month, Bitcoin's price settled at $381 by the end of the month.
Major events: Paypal and Braintree announced that they would begin to integrate Bitcoin into Paypal. The companies started working on ways to integrate the digital currency into payment processing platforms and aim to make it easier for merchants to accept Bitcoin payments.
Bitcoin mining company Butterfly labs was shut down by the FTC for scamming customers and failing to deliver promised hardware on time or even delivering it at all. Many customers did not receive their hardware and many other received hardware that was poorly made and did not meet the promised specifications. (Read the full story on Butterfly labs shut down here!)
October:
Market: Peaking at $440 during the month, Bitcoin's price settled at $330 by the end of the month.
Major events: Bitcoin's price experienced very low lows this month. As price started dropping, people continued to panic sell resulting in a final price of $330 by the end of the month. Short term wise, the price drops were from speculative trading, though this trend did not explain long term decline.
Bill Gates, in an interview with Bloomberg, stated that Bitcoin was "Better than currency" and. "Bitcoin is better than currency in that you don't have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient." Having been relatively quiet before, this was Bill Gate's first big interview on his thoughts on Bitcoin.
November:
Market: Peaking at $453 during the month, Bitcoin's price settled at $379 of the month.
Major events: A man embedded NFC chips into his hands that to store condensed Bitcoin private keys. This is the first Bitcoin related implant ever performed. The two chips have the memory equivalent of 888 Bytes or 26 condensed private keys.
Tim Draper planned to bid once again in the December auctions. Draper has used the Bitcoins to make investments in start-up companies dealing in Bitcoin.
Bitcoin Black Friday was a huge success and resulted in record sales for Bitcoin purchases.
December:
Market: Bitcoin's price is $375 at the time of writing.
Major events: Microsoft now accepts Bitcoin for digital content and games. Microsoft is the world's second largest company and is the largest company to accept Bitcoin. Microsoft has partnered with BitPay to make this possible. In the future, it will be likely that customers will be able to pay for other goods and services with Bitcoin other than just games and digital content.

[Bitcoin]

Cryptocurrency Mining Software Reddit - Cryptocurrency Mining Software Reddit|4:07

[Bitcoin]

Growth in 2014 compared to 2013.
Estimated wallets: 31.6 % Estimated daily transactions: 29.5% Estimated daily volume: - 18% Bitcoin difficulty: 5655.4% (ASICs) Bitcoin hash rate: 3759.6% (ASICs)
Shifting trends in 2014.
Mining is shifting more towards cloud mining contracts from physical hardware. Many companies in 2014 failed to deliver hardware on time, causing profits for miners to decrease daily. In the end, these companies were shipping out poor quality hardware just to get them to customers, resulting in impossible ROI's and poor customer relations. Many cloud mining companies have been built this year that offer mining contracts for any budget. While some of these have turned out to be scams, many have been beneficial to customers, allowing anyone to get into cryptocurrency mining. As always, be careful with any investment and always do your research before investing.
The number of hosted wallets is increasing more rapidly than the number of desktop wallets, this is due to the 5-9 day download time and massive bandwidth that downloading the Bitcoin blockchain requires. Transactions are increasing month by month while volume is still down. As price is lower, people will be less likely to spend their Bitcoin and instead exhibit hoarding behavior. In a recent report by Blockchain.info, 70% of all Bitcoins have been stagnant for months now.
Bitcoin 2.0 technology is close to being ready for launch; many developers are working on integrating cutting edge platforms with marvelous capabilities very shortly, we should see some start to come up in 2015.
End of 2015 predictions.
Excluding the factors of positive and negative events that will certainly happen over the course of 2015, we can predict growth based on the past two years of data. While this data set is far from exact, we can predict expected trends in growth for various categories. I will not speculate on Bitcoin's price other than the fact that until all of the Silk Road Bitcoins have been sold, large investors will continue to avoid purchasing Bitcoins on the open market, thus resulting in higher sell pressure. As Bitcoin continues to evolve, the rate in which Bitcoin grows may change drastically. We will likely see many Bitcoin 2.0 applications implemented in 2015 which could result in faster mainstream adoption. Bitcoin's fundamental technology, the blockchain, has many untapped potential uses which Bitcoin 2.0 platforms will seek to take advantage of. For example, the blockchain could be used to store any document, including loans, contracts, property, etc. By storing a document on the blockchain, it becomes permanent, with neither party having the ability to alter it. Document storage is one of the many future uses of the blockchain that we will see being implemented soon. With this information in mind and the data collected from previous years, we can use the following as a template for the growth of Bitcoin over 2015:
Note: this data is created using trends from previous years. This data does not account for any good or bad news that will happen in 2015 and is by no means 100% accurate.
20.38 Million wallets (hosted + desktop + mobile) Note: calculating the total amount of Bitcoin wallets is very difficult, this count includes dormant wallets that have not been touched over long periods of time. Estimated daily transactions: 125,584 Estimated daily volume: 1,282,270 (This calculation depends heavily on Bitcoin's price, with a low price, people are more likely to hoard than spend their Bitcoin) Bitcoin difficulty: Unknown Difficulty is perhaps one of the most difficult things to predict, there are many factors that will influence difficulty and I cannot predict where the difficulty will be at the end of next year, there are too many factors at play. Bitcoin hash rate: 11,053,500,000 Gh/S Hash rate is calculated with previous trends. Mining technology could exponentially increase at any time, resulting in a massive shift in both difficulty and hash rate which are not accounted for in this calculation. This calculation assumes a steady linear rate of growth.
With Bitcoin's massive growth in 2014 compared to 2013, we can expect great things in 2015. While I do not speculate on price in 2015, once the auction of all of the Silk Road Bitcoins has completed, large investors will once again need to purchase Bitcoins on the open market, thus reducing the high sell pressure we are currently experiencing. Daily transaction volume is closely related to Bitcoin's price, and while volume is down in 2014 from 2013, the number of daily transactions has increased significantly, meaning more people are getting into Bitcoin. Because of the high divisibility, Bitcoin can be used for micro-transactions. This is how transactions have gone up while volume has gone down. Bitcoin 2.0 technology will likely speed up mainstream adoption once it has been integrated, leading the way for new decentralized P2P platforms. The mining arms race continues to unfold as companies continue to improve ASIC design and create better, cheaper miners. With finFET 3d printing technology, manufacturers will be able to provide 16nm chips that exponentially outperform 20nm chips in terms of computational power and electrical efficiency. 2014 has been a significant year in terms of Bitcoin's growth. While there have been many negative events which have caused significant price drops, the adoption rate and usage of the technology continues to increase drastically. Bitcoin's core technology will lead the way for new applications that do things not possible without it.
Thank you for reading this article. I hope you have enjoyed the 2014 Bitcoin Year in Review. While there have been many negative events, there have also been several great ones. Bitcoin continues to grow and influence the world. The revolutionary technology changes the way money can be used and empowers individuals to be in control of their own money. I wish you all a wonderful holiday season and look forward to all of the adventures to be had in 2015 as we continue to embrace this growing movement.
Let us know how you saw Bitcoin and Cryptocurrencies doing in 2014 and where you think they will go in 2015.
Bitcoin mining in 2014.
How Skyrocketing Difficulty has Massively Diminished Returns.
Bitcoin mining is a game of numbers. The most important number is this:
25 Bitcoins are mined approximately every 10 minutes on planet Earth.
Regardless of the number of miners or mining machines in the world, this fact remains constant with one caveat: the number of bitcoins mined per 10 minute block is cut in half every four years by the software protocol. Thus, we can calculate the entire mining cycle of bitcoins, from beginning to end.
This chart shows the approximate number of bitcoins that have been mined and will be mined over the next decade.
In the next 10 years, approximately 20 million bitcoins (94% of all possible bitcoins) will have been mined. In fact, 58% of all bitcoins have already been mined.
Miners verify and record bitcoin transactions in an online ledger with their computers. A transaction does not become valid until a consensus is reached by miners that it actually took place. This process makes sure that bitcoins are not "double spent", and keeps the system secure from fraud. Because this work must be done, miners are rewarded for their work with newly generated bitcoins.
However, the new bitcoins are awarded as a lottery that pays 25 BTC every 10 minutes to one lucky winner!
But if it's a lottery, why mine at all?
Because mining pools ensure payment.
Imagine that all the people that play the lottery joined together into groups. Each group agrees that if any one of them win, they must share it with everyone else in the group according to the number of lottery tickets they had bought.
Mining pools work in this way. Their combined hash rate (mining speed of their computers) and the high frequency of payouts (every 10 minutes) ensures that miners get paid for the work they do, regardless of who in the pool finds the block of bitcoins.
As time passes, luck becomes obsolete in the process.
Is it worthwhile to become a miner?
Bitcoin mining is a financial gamble, not an investment.
Profitability depends on three key numbers: 1. Difficulty 2. The value of bitcoins 3. The price and speed of hardware.
Bitcoin wiki explains difficulty in technical jargon that is not easy to understand. The underlying concept, however, is simple.
Let's take the lottery example from earlier. Imagine that as people learn about this Bitcoin lottery, they begin buying tickets at scale. Also imagine that the number of tickets that could be bought is unlimited, but the award remains static (currently 25 BTC every 10 minutes until 2016). As more and more people buy tickets, it becomes harder and harder to win.
Lottery tickets in our analogy are equivalent to the speed of mining hardware , known as hash rate. Thus, the higher the hash rate of the hardware, the more revenue it will generate.
This fact has created an epic mining hardware arms race across the globe. Racing to build more and faster "money" machines has come to fruition during the last nine months, skyrocketing the difficulty.
The combined total hash rate of all the mining machines on Earth determines the difficulty, which is adjusted every 2,016 blocks (10 minutes each), or approximately every two weeks.
This graph shows how the difficulty has increased ten-fold since July of last year because of the sheer computing power introduced into the system. A miner today makes only 10% of the bitcoins that she made with the same hardware only eight months ago.
Mining chip technology and hardware production has advanced at such a pace that it has created exponential growth in the difficulty. Top of the line technology from only a year ago is nearly obsolete today.

[Bitcoin]

The Value of Bitcoins.
The price of a bitcoin today, March 28, 2014, in US dollars is approximately $520.00.
At this price, even the most advanced and powerful hardware on the market will show a loss in the long term.
It is very important to use a mining calculator that factors in some form of growth in the difficulty, on average 20% every two weeks. New miners sometimes do not realize that the difficulty level of the Bitcoin protocol adjusts every two weeks, which is like taking a massive 20% pay cut twice a month in perpetuity. Some online mining calculators fail to calculate long term difficulty increases.
For a new miner today, profitability entails a substantial increase in the price of bitcoins. In some cases, more than a 50% price increase is necessary to turn a profit on hardware that will become increasingly obsolete.
A Personal Perspective.
I believe that bitcoins have intrinsic value that is not yet reflected in their actual price, and may never be. I want to create value for the system, not take value from it. This is why I chose to become a miner at a time when losses seem eminent for every piece of hardware on the market. My participation as a worker in the ECOSystem validates my love of it.
The Price and Speed of Hardware.
Knowledge that hardware loses its value at a rate of 40-50% a month is a very powerful deterrent. The best mining rig on the market today is made by an American company based in Austin, Texas, named CoinTerra. The rig is called the TerraMiner IV, and has a speed of 1,700 GH/s, and can operate approximately 10% faster if overclocked.
With a price tag of $5,999.00, it is possible to turn a profit with this machine, if it was delivered today. But ordering it now means receiving it three months from now. By then this machine is no longer profitable.
Even finding the best deal on the market for the best machine today still results in a loss without an increase in the price of bitcoins.
It is important to note that this phenomenon has caused the price of some hardware to drop dramatically over the last month.
Currently, the most popular machine is the Chinese made Antminer S1. This hardware has a speed of 180 GH/s, which means it will mine roughly 1 BTC before it becomes obsolete. The price of this machine has dropped from $1,100.00 to under $700.00 in just one month.
It is not too far fetched to think that 1 BTC is worth more than $700, but this machine's lifetime production decreases roughly 2% a day! That is an intense race against time.
Mining bitcoins becomes an exercise in futility when considering that it is cheaper today to buy 1 BTC than it is to mine 1 BTC and entering the market costs $700.00.

[Bitcoin]

18,500,000 btc mined ( r/Bitcoin - Reddit )|1:50

[Bitcoin]

Bitcoin history.
Bitcoin history. Bitcoin is the first example of decentralized digital money established in 2008 by a person or a group of people under the pseudonym of Satoshi Nakamoto. This account of bitcoin history resumes the first ten-years (2008 - 2019) of the cryptocurrency. Bitcoin price since 2009 to 2019. Bitcoin price charts.
1 Pre-history of Bitcoin 2 Bitcoin in 2008 3 Bitcoin in 2009 4 Bitcoin in 2010 5 Bitcoin in 2011 6 Bitcoin in 2012 7 Bitcoin in 2013 8 Bitcoin in 2014 9 Bitcoin in 2015 10 Bitcoin in 2016 11 Bitcoin in 2017 12 Bitcoin in 2018 13 Bitcoin in 2019 14 Bitcoin price history 2009 to 2019 14.1 Bitcoin price chart since 2009 to 2017 and 2018 15 Regulatory issues 16 Theft and exchange shutdowns 16.1 Lost Bitcoins 17 Bitcoin taxation and regulation history 18 See also 19 Sources.
Pre-history of Bitcoin [ edit ]
Prior to the release of bitcoin there were a number of digital cash technologies starting with the issuer based ecash protocols of David Chaum and Stefan Brands. Adam Back developed hashcash, a proof-of-work scheme for spam control. The first proposals for distributed digital scarcity based cryptocurrencies were Wei Dai's b-money and Nick Szabo's bit gold. Hal Finney developed reusable proof of work (RPOW) using hashcash as its proof of work algorithm.
In the bit gold proposal which proposed a collectible market based mechanism for inflation control, Nick Szabo also investigated some additional enabling aspects including a Byzantine fault-tolerant asset registry to store and transfer the chained proof-of-work solutions. The possibility that Satoshi Nakamoto was a computer collective in the European financial sector has also been discussed.
Bitcoin in 2008 [ edit ]
On 18 August 2008, the domain name bitcoin.org was registered.
Later that year on October 31st, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list.
On the 9th of November, the Bitcoin project was registered at the open-source-projects community resource, SourceForge.net.
Bitcoin in 2009 [ edit ]
In January 2009, the bitcoin network came into existence with the release of the first open source bitcoin client and the issuance of the first bitcoins, with Satoshi Nakamoto mining the first block of bitcoins ever (known as the genesis block ), which had a reward of 50 bitcoins. Embedded in the coinbase of this block was the text:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.
One of the first supporters, adopters, contributor to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction. Other early supporters were Wei Dai, creator of bitcoin predecessor b-money , and Nick Szabo, creator of bitcoin predecessor bit gold . Before disappearing from any involvement in bitcoin, Nakamoto in a sense handed over the reins to developer Gavin Andresen, who then became the bitcoin lead developer at the Bitcoin Foundation, the 'anarchic' bitcoin community's closest thing to an official public face.
How much was bitcoin worth in 2009? It is one of the most popular questions about the history Bitcoin. The value of the first bitcoin transactions were negotiated by individuals on the bitcoin forum with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's. This was the only major security flaw found and exploited in bitcoin's history.
January 3rd The genesis block - the first block in the bitcoin blockchain - appears. 50 BTC are generated at 18:15:05 (GMT). January 9th The first version, Bitcoin v0.1., is issued. January 12th First bitcoin transaction, (block #170). Sender is Satoshi Nakamoto. Receiver is Hal Finney. October 5th The first Bitcoin course towards exchange dollar is published: 1 USD = 1,309.03 BTC. A public sale is launched on New Liberty Standard stock exchange. October 9th The #bitcoin-de channel is registered on IRC. December 16th Bitcoin v0.2. appears.
Bitcoin in 2010 [ edit ]
February 6th Bitcoin Market, the first official cryptocurrency stock exchange, is launched. May 22nd First online purchase using bitcoin. Laszlo Hanyecz (indireclty) buys Papa John's pizza for 10,000 coins (25 USD - Bitcoin value was 0.0025 cents for 1 coin). July 11th Bitcoin v0.3. is mentioned on news website Slashdot.org. The number of bitcoin users increases significantly. July 12th Bitcoin exchange rate increases 10 times in ten days, from 0.008 USD per BTC to 0.08 USD per BTC. July 17th MtGox Cryptocurrency exchange is launched. August 15th A bug in bitcoin code results in a "dirty" transaction in block # 74638. Users easily find the mistake, correct the code and "clean" the block. September 14th User jgarzik offers user puddingpop 10,000 coins (600-650 USD) to open their common customer CUDA in Windows base. The first block with assigned distribution, block # 79764, is mined. September 18th User puddingpop announces opening of the CUDA customer on Windows base under the MITd license. September 29th User kermit finds invasion in micro transaction, after version v0.3.13 is launched. October 1st First public miner, Open CL, is created. October 7th Bitcoin exchange rate begins to escalate, after several months stuck at USD $0.06 per BTC. October 16th First Bitcoin deposit is registered: a deal between users nanotube and Diabo-3 , with user theymos as . October 17th #bitcoin-otc trade channel appears on IRC freenode. October 28th First short trade transaction: 100 coins between users nanotube and kiba on #bitcoin-otc. November 6th Bitcoin share capital reaches 1 million USD. Its exchange rate on MtGox reaches USD$0.50 per BTC. December 7th User doublec creates a Bitcoin app for the Nokia N900. User ribuck sends 0.42 BTC in the first ever P2P transaction with the help of mobile device. December 9th First open call-agreement contract signed between users nanotube and sgornick on #bitcoin-otc. December 16th First block generated by mining pool under user sluch .
Bitcoin in 2011 [ edit ]
Based on bitcoin's open source code, other cryptocurrencies started to emerge.
The Electronic Frontier Foundation, a non-profit group, started accepting bitcoins in January 2011, then stopped accepting them in June 2011, citing concerns about a lack of legal precedent about new currency systems. The EFF's decision was reversed on 17 May 2013 when they resumed accepting bitcoin.
January 8th Pooled mining reaches a capacity of 10 Ghash per second. January 27th Biggest monetary transaction in bitcoin history from 3 accounts in Zimbabwe on #bitcoin-otc. The currency value was 4 BTC to 100 trillion Zimbabwe dollars. January 28th Block #105000 is generated - at that point, 5.24 million bitcoins had been issued, 25% of the total 21 million. February 9th Bitcoin reaches parity with the US dollar (the exchange rate was one BTC to the USD). February 10th After bitcoin is mentioned on Slashdot and Hacker News, Bitcoin.org struggles with surge of new users, many coming from Twitter. February 14th An Austrian user puts an old Porsche on sale on a bitcoin exchange for 3000 BTC. March 1st User MagicalTux buys the exchange Mtgox.com from founder Jed McCaleb. March 6th Sudden change in the Bitcoin network: connection speed spikes to 900 Ghash per second and decreases to 500 Ghash per second within a short period of time. There are rumors that it was caused by a supercomputer or network bot, dubbed the "mysterious miner", connecting to the network. March 18th low Bitcoin rate comparing to dollar achieved 70 cent per 1 USD. Before it there has been a current increase of the rate (it is possible that it has been made artificially), then there has been a current decrease. March 22nd WeUseCoins published the video What Is Bitcoin? and it goes viral with over 8 million views. March 27th First stock to exchange BTC for GBP opens. March 31st First stock to exchange BTC for BRL opens. April 5th BitMarket.eu, first stock to exchange BTC for PLN, opens April 12th Fisrt Bitcoin option agreement is signed, on #bitcoin-otc. April 16th TIME magazine publishes an article about crypto currency. April 23rd BTC/USD rate reaches and surpasses the USD/EUR price and the USD/GBP rate on MtGox stock exchange. The general capitalization of bitcoins is 10 million USD. April 27th VirWoX opens first exchange from BTC/SLL. June Wikileaks and other organizations began to accept bitcoins for donations. June 2nd USD to BTC rate is 10 USD to the coin. For 6 days, the Bitcoin value is fixed at 31.91 USD on MtGox. June 12th BTC to USD rate decrease to 10 USD. June 13th The first theft occurs in the history of bitcoin. User allinvain reports 25 thousand coins (375 thousand USD). June 19th MtGox's database suffers a security breach. The names, password hashes and emails of 60 thousands users are stolen. An unknown hacker accesses a MtGox administration account, and sends hundreds of thousands of fake bitcoins, decreasing the value of the crypto currency from 17.5 USD per 1 coin to 1 cent per coin. Sales are resumed a week later. On the same day, thousands of coins are stolen from MyBitcoin accounts. It was one of the biggest bitcoin crashes (hacks) in the history. July 22nd BitCoins Mobile, the first mobile app for iPad, is launched. August 20th First Bitcoin conference at the World Expo exhibition in New York City. August 23rd First decentralized P2Pool mines its first block. September Vitalik Buterin co-founded Bitcoin Magazine. November 25th First crypto currency conference in Europe, takes place in Prague (Czechia). December 12th The biggest amount of fees paid for a block up to date: 171 BTC for block # 157235. December 23rd Douglas Feigelson of BitBills filed a patent application for "Creating And Using Digital Currency" with the United States Patent and Trademark Office, an action which was contested based on prior art in June 2013.
Bitcoin in 2012 [ edit ]
In January 2012, bitcoin was featured as the main subject within a fictionalized trial on the CBS legal drama The Good Wife in the third-season episode "Bitcoin for Dummies". The host of CNBC's Mad Money , Jim Cramer, played himself in a courtroom scene where he testifies that he doesn't consider bitcoin a true currency, saying "There's no central bank to regulate it; it's digital and functions completely peer to peer".
March 1st About 50000 BTC are stolen after a security upgrade in Linode; it is the biggest bitcoin theft ever. June 3rd The biggest block in the chain, # 181919 is created. It includes 1,322 transactions. September 15th-16th Bitcoin conference in London. September 27th Bitcoin Foundation organization was launched to "accelerate the global growth of bitcoin through standardization, protection, and promotion of the open source protocol". The founders were Gavin Andresen, Jon Matonis, Patrick Murck, Charlie Shrem, and Peter Vessenes. October BitPay reported having over 1,000 merchants accepting bitcoin under its payment processing service. November WordPress had started accepting bitcoins. November 28th Block # 210,000 becomes the first block to yield a 25 BTC reward (all previous existing block rewards had been 50 BTC). December 6th The France-based exchange Bitcoin-Central becomes the first exchange to operate within the framework of European regulations.
Bitcoin in 2013 [ edit ]
January 22nd BitPay surpasses 10,000 transactions February The bitcoin-based payment processor Coinbase reported selling US $1 million worth of bitcoins in a single month at over $22 per bitcoin. The Internet Archive announced that it was ready to accept donations as bitcoins and that it intends to give employees the option to receive portions of their salaries in bitcoin currency. February 19th The 8th version of Bitcoin Client appears. February 28th Bitcoin exchange rate surpasses 31.91 USD for the first time for the last 601 days. March In March the bitcoin transaction log called the blockchain temporarily split into two independent chains with differing rules on how transactions were accepted. For six hours two bitcoin networks operated at the same time, each with its own version of the transaction history. The core developers called for a temporary halt to transactions, sparking a sharp sell-off. The Mt. Gox exchange briefly halted bitcoin deposits and the exchange rate briefly dipped by 23% to $37 as the event occurred in the US, the Financial Crimes Enforcement Network (FinCEN) established regulatory guidelines for "decentralized virtual currencies" such as bitcoin, classifying American "bitcoin miners" who sell their generated bitcoins as Money Service Businesses (or MSBs), that may be subject to registration and other legal obligations. resulting in the bitcoin exchange rate dropping from $266 to $76 before returning to $160 within six hours. Bitcoin gained greater recognition when services such as OkCupid and Foodler began accepting it for payment. March 28th Bitcoin capitalization surpasses 1 billion USD. April 1st Exchange rate of Bitcoin reaches 100 USD to 1 BTC. May WebMoney announces creation of a new type of cash-box intended for operations with bitcoins. May 15th the US authorities seized accounts associated with Mt. Gox after discovering that it had not registered as a money transmitter with FinCEN in the US. May 17th It was reported that BitInstant processed approximately 30 percent of the money going into and out of bitcoin, and in April alone facilitated 30,000 transactions. June 23rd It was reported that the US Drug Enforcement Administration listed 11.02 bitcoins as a seized asset in a United States Department of Justice seizure notice pursuant to 21 U.S.C. § 881. It is the first time a government agency has claimed to have seized bitcoin. July A historical project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa. During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country. According to Vitalik Buterin, a writer for Bitcoin Magazine, "bitcoin's fate in Thailand may give the electronic currency more credibility in some circles", but he was concerned it didn't bode well for bitcoin in China. August 6th Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are "a currency or a form of money" (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction, and Germany's Finance Ministry subsumed bitcoins under the term "unit of account" - a financial instrument - though not as e-money or a functional currency, a classification nonetheless having legal and tax implications. October the FBI seized roughly 26,000 BTC from website Silk Road during the arrest of alleged owner Ross William Ulbricht. October 29th Robocoin and Bitcoiniacs launched the world's first Bitcoin ATM in Vancouver, British Columbia, Canada, allowing clients to sell or purchase bitcoin currency at a downtown coffee shop. Chinese internet giant Baidu had allowed clients of website security services to pay with bitcoins. November The first time in the history, Bitcoin costs over 1000 USD after BTC is supported by American game creator Zynga. November The University of Nicosia announced that it would be accepting bitcoin as payment for tuition fees, with the university's chief financial officer calling it the "gold of tomorrow". During the November 2013, the China-based bitcoin exchange BTC China overtook the Japan-based Mt. Gox and the Europe-based Bitstamp to become the largest bitcoin trading exchange by trade volume. December Overstock.com announced plans to accept Bitcoin in the second half of 2014. December 5th the People's Bank of China prohibited Chinese financial institutions from using bitcoins. After the announcement, the Bitcoin value dropped, and Baidu no longer accepted bitcoins for certain services. Buying real-world goods with any virtual currency has been illegal in China since at least 2009. December 9th 100 USD are stolen from bitcoin wallets. December China banned the use of cryptocurrency in the country. One of the largest exchanges in the world BTC China was closed. Behind China, Norway did not recognize bitcoins.