The Future of Money is Digital – Part 2

The Future of Money is Digital – Part 2
by Sam Beal on 02-23-2014 at 11:30 am

BitCoin Algorithm
Invented by a mystery person/group with the alias “Satoshi Nakamoto”. [You can read a consolidation of the paper here]. The essential elements are:

· Peer to Peer Network with self-validation
· Exponentially increasing compute cost
· Finite supply with exponential conversion
· Hidden in plain… Read More


The Future of Money is Digital – BitCoin Introduction

The Future of Money is Digital – BitCoin Introduction
by Sam Beal on 02-18-2014 at 5:00 pm

By now most people who read or listen to the news know something about Bitcoin (BTC). Most people have the perception that it is either the currency of crime or speculation. Put aside the perceptions and consider this. When is the last time you saw someone write a check in the grocery store, especially someone under 60? Today’s… Read More


Wanna Build a Bitcoin Miner: GlobalFoundries Will Manufacture it For You

Wanna Build a Bitcoin Miner: GlobalFoundries Will Manufacture it For You
by Paul McLellan on 01-30-2014 at 11:00 am

You may know a bit about Bitcoin, the digital currency. One part of the system is “mining” new bitcoins, analogous to mining new gold when we were on the gold standard, creating “money” out of thin air but at a cost of doing the actual mining.

Here is an interesting aside. When I lived in France the father of… Read More


ASICs for Bitcoin Mining!

ASICs for Bitcoin Mining!
by Daniel Nenni on 11-12-2013 at 8:00 pm

One of the hottest areas for Application Specific Integrated Circuits today is Bitcoin mining. A good friend of mine has a son who is involved in a Bitcoin start-up so we have been discussing this at great length and I will share what I have learned thus far. Coincidently, my wife asked me about Bitcoin during our most recent walk down… Read More