It's a ddos attack to confuse the network affecting exchanges (or any online service for that matter) that is vulnerable to transaction malleability. The timing is really interesting, day after mtgox point the finger at this 3 year old known issue, you have a massive coordinated attack using...
i would keep/mine some dogecoins just in case it takes off but caution against being too bullish.
The creator made the decision to allow inflation, which means the supply is no longer capped at 100 billion, there will be roughly 5 billion dogecoin added to the supply annually...indefinitely...
The only people still using mtgox are the recent newbies who thought mtgox is reliable, and the guys doing price arbs.
Mtgox blames the bitcoin protocol itself for their own incompetence as if just discovered this new word phrase: transaction malleability. Anyone with slight technical...
mtgox price went from ~20% above market to 10% below, a 30% swing in 2 days after btc withdraw ban. I can guarantee those assholes are manipulating the books to load up from the panic selling.
Tech glitch of basic bitcoin to bitcoin transfer requires a full withdraw halt? after 2 years of...
do some search this has been well covered.
1) buy usb dongle #1, download bitcoin client + wallet.dat file onto the usb, confirm it loads up and works.
2) buy usb dongle #2, make a copy of the wallet.dat onto it and unplug usb #2.
2) sign up to coinbase.com, link check account, buy bitcoin...
i wouldnt leave bitcoins in coinbase either, transfer in, buy/sell, transfer out. They have been solid so far but you never know. Tomorrow it could be hacked, government might shut it down etc.. should keep all bitcoin yourself in cold storage.
what is gold backed by?
i started mining in 2011 and have pulled out many times the amount invested over the last 3 years, how much have you made with bitcoin? that's correct 0, so do stfu.
and it just hit cnn :D
it must be really terrible at mtgox, those **** must know if they announce a withdraw halt then if resumed, there will be a massive panic withdraw/outflow, i guess the situation is so bad they dont even care just want to stop the pain now...
Looks like that scam exchange is on its last legs, i have been warning people on the bitcoin forum since last oct not to leave anything in mtgox, but noone listens, now panic.
Quick summary, they have officially halted bitcoin withdraws, in the past only fiat was not getting processed (keep...
Asic has been available for scrypt since last year, but gpu is still more cost effective if power usage is not factored in.
Google scrypt mining it is different than sha256 asic wont have a significant impact in term of hash rate , only thing you save is power usage.
10k will get you 20x...
1TH+ bitcoin mining boxes started shipping! We have now officially entered the TH-era for mining: http://cointerra.com/pr-cointerra-begins-shipment-terraminer-iv-worlds-fastest-bitcoin-miner
To give some perspective, here i was 2.5 years ago mining away on 2x top end dual gpu radeon cards...
$40k in ltc? that's a lot! i only have a few $k invested in ltc, figured if ltc is going up that means btc is going up so rather store most in btc. LTC still has no buildout except a few small exchanges.