So you’re interested in mining cryptocurrency, but you’re not sure where to start? No problem, this guide is all you need to set up your own headless litecoin mining rig—even if you have absolutely no experience with this sort of thing. First, let’s get the obvious question out of the way: why litecoins? After all, […]
Archive for April, 2013
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Bitcoin on the Colbert Report
April 18th, 2013 
CryptoBadger A hilarious piece on bitcoin appeared on the Colbert Report yesterday: (video removed) (Click here to go directly to the video if you can’t see it here.)
Steve Forbes: Bitcoins are not money
April 17th, 2013 CryptoBadger According to Steve Forbes, bitcoin does not qualify as a currency. The basic reason? Bitcoins do not have a fixed value, thanks to their outrageous volatility: Money is most optimal when it is fixed in value just as commerce is facilitated when we have fixed weights and measures. When you buy a pound of hamburger […]
Notroll.in mining pool operator trolls users; steals their litecoins
April 15th, 2013 CryptoBadger If you’re currently using notroll.in as your litecoin mining pool, and you’re not aware of the extreme shadiness that went down there last week, you may want to read on. In fact, even if you don’t use notroll.in, it’s important to be aware of the fact that some of the mining pools out there are […]
Is cryptocurrency mining an environmental issue?
April 14th, 2013 CryptoBadger Mark Gimein, writing for Bloomberg News, commented that bitcoin mining uses quite a bit of power. Enough that he calls it a “real-world environmental disaster”: About 982 megawatt hours a day, to be exact. That’s enough to power roughly 31,000 U.S. homes, or about half a Large Hadron Collider. […] Real-world mining of precious metals […]
