How to Build the Bitcoin Network

UPDATE: I am working on Raspberry Pi 2 with a 64GB SD Card, instructions how to run a full node coming soon. The open source  and decentralized nature of Bitcoin is it's greatest strength and greatest weakness. The transfer of ownership network consists of miners to process the transactions and nodes to relay them. Mining is … Continue reading How to Build the Bitcoin Network

A State of Mining

There's something about setting up a computer that prints out a digital currency while you sleep. It could be knowing that you are turning electricity into a globally tradable commodity. It could be knowing that you have setup a small stake in a global socio-economic experiment much larger than yourself. Whatever it is, the concept of … Continue reading A State of Mining

The Power of The Blockchain: Future Developments and Applications

Talent hits a target others can't hit, Genius hits a target others can't see. - Arthur Schopenhauer The sentiment surrounding Bitcoin has transformed. It has gone from being known as the anonymous payment mechanism to facilitate illegal transactions, to a speculative digital bubble with no intrinsic value, to what industry leaders are now calling the … Continue reading The Power of The Blockchain: Future Developments and Applications

Bitcoin Exchanges, Wallets, and Links

The Bitcoin White Paper by Satoshi Nakamoto - This is the original white paper outlining the peer-to-peer electronic cash system. The Ethereum White Paper by Vitalik Buterin Bitcoin Exchanges BTC-E.com EU/RUSSIA/CHINA Bitstamp.net EU Bitfinex.com World Bitex.la  Latin America itBit.com World BTC China China OKcoin China Huobi China Bits of Gold Israel BTC X India India Kraken Bitcoin and Altcoin Exchange Cryptsy 150+ Altcoins Exchange Vault of … Continue reading Bitcoin Exchanges, Wallets, and Links

How to Setup an Antminer S1Bitcoin Miner

The Antminer S1 is an ASIC miner that hashes at 180-200 GH/S. It comes with a excellent user interface setup page that is accessible by your web browser. In this tutorial, I will explain how to setup your Antminer S1 with the required hardware, get to the miner's setup page, and lastly configure the miner to your … Continue reading How to Setup an Antminer S1Bitcoin Miner

The Top 5 Bitcoin Analogies

1) Bitcoin is the lightbulb, the blockchain is the electrical grid. The lightbulb is the on loading mechanism, but there will be many more applications built on the grid. 2) Explaining Bitcoin to a bank feels like explaining what Amazon.com is to Barnes and Nobles and what Netflix is to Blockbuster. 3) 21 million coins for … Continue reading The Top 5 Bitcoin Analogies

The Mobile Raspberry Pi Mining Proxy for an ASIC MINER Block Erupter Cube

So this past week my computer hard drive was overwritten when I was trying to write a Raspian Image to a SD card, unfortunately. A lot of my programs are gone but some of my data is in the process of being recovered. After the initial shock from this, I realized I needed a new … Continue reading The Mobile Raspberry Pi Mining Proxy for an ASIC MINER Block Erupter Cube

Bitcoin Price Elasticity

The bar chart is monthly views and visitors on my blog. The line chart is the price of Bitcoin from Coinbase.com. Positive and negative news affects user interest, engagement, and ultimately the price. Mining revenue also follows price.   What are the main drivers of the Bitcoin price?   The Bitcoin Price which increases User … Continue reading Bitcoin Price Elasticity

How to setup a Bitcoin Miner with a Raspberry Pi

This is a tutorial on how to setup a Bitcoin miner with a Raspberry Pi computer.  It requires a combination on the following hardware and software: Raspberry Pi + Raspian Software on SD Card + WiFi connection + cgminer + USB powered hub + USB ASIC Miners Hardware First things first you are going to need … Continue reading How to setup a Bitcoin Miner with a Raspberry Pi

Combinatorial Creativity through Technology

The ability to define purpose in one’s life influences their decision to direct time, effort, and resources in acquiring the knowledge and specialized set of skills needed for one’s success in that purpose. A teche, a fluency, an ability to be so great at something; a craft, that it is intrinsic to you and indistinguishable … Continue reading Combinatorial Creativity through Technology