Tag Archive for: Bitcoin

Bitcoin Checkout app takes on Apple Pay

/in

Just two weeks after Apple launched its near-field communications (NFC) system for mobile payments in retail stores, Bitcoin payments processing company BitPay announced Bitcoin Checkout, an NFC-based tool for mobile Bitcoin transactions.

Announcing the system in a company blog post, along with plans to demo Bitcoin Checkout at this week’s Money2020 event in Las Vegas, BitPay says its app is already available for merchants using Android devices (more on iOS later). Bitcoin Checkout also features multi-employee checkout and tools for handling tips, particularly useful for those in service industries.

To read this article in full or to leave a comment, please click here

Network World Colin Neagle

Bitcoin company bought Buttcoin.org site just to delete critical reviews

/in

Bitcoin company Butterfly Labs was recently accused of buying the site Buttcoin.org with the intention of improving its reputation on search engines. Now, Buttcoin’s previous owner is making sure the opposite happens to Butterfly Labs.

In a recent interview with TechCrunch, a man named Evan, who declined to provide his last name out of concern for the legal implications of the sale of his site, said that shortly after selling the site, previously critical articles about Bitcoin company Butterfly Labs had been altered.

TechCrunch provided a few examples. One Buttcoin article that criticized Butterfly Labs’ hardware and often appeared in results for the search term “butterfly labs scam” now features an entirely new headline – “The $ 22,484 Butterfly Labs Mini Rig bitcoin miner is a sexy bitcoin mining machine” (the previous headline called it a “huge, broken, unstable piece of s—t”). Another, apparently lazier example of altering content involves a headline changed from “Butterfly Labs demo is literally just hot air” to “Butterfly Labs demo is hot.”

To read this article in full or to leave a comment, please click here

Network World Colin Neagle

Bitcoin startup runs your miner for less than you might pay for electricity

/in

HashPlex will give your miner a home and feed it cheap power.
CoinTerra

There are at least a couple of problems for anybody who wants to run a Bitcoin miner in their home, especially if you buy hardware that’s powerful enough to make some money.

“Miners don’t make very good roommates,” said George Schnurle, VP of engineering for miner hosting startup HashPlex. It’s easy for the most powerful miners to “piss off all your roommates because this noisy hot box is running in your living room.”

Schnurle’s co-founder, CEO and former Microsoft employee Bernie Rihn, was running miners in his apartment, and “he had an extension cord going all the way across the living room because he needed to connect to one of his circuits that didn’t already have a bunch of equipment loaded to it,” Schnurle told Ars. “The one upside of that is he didn’t have to pay a heating bill during the winter here in Seattle because he had these space heaters running in his living room 24/7.”

Read 27 remaining paragraphs | Comments


Ars Technica » Technology Lab

BadLepricon malware caught stealth-mining bitcoin in Android apps – The Guardian

/in

The Guardian

BadLepricon malware caught stealth-mining bitcoin in Android apps
The Guardian
In June 2011, Symantec claimed that while it had "not observed any botnets currently being used to mine Bitcoins, the possibility is there" – although it also suggested that this may be a less lucrative use for a botnet than other forms of cybercrime.
Android Wallpaper Apps Secretly Mine BitcoinsTechWeekEurope UK
Yes, there is now BITCOIN-MINING MALWARE for AndroidRegister
Mobile Threat Monday: Bitcoin Mining Android Malware Pulled From Google PlayPC Magazine
Infosecurity Magazine
all 46 news articles »

android botnet – read more