Butterfly Labs ASIC Review 30GH/s - CoinAxis

Butterfly Labs ASIC Review 30GH/s - CoinAxis

Butterfly Labs ASIC review - Little Single 30GH/s

We have finally got our hands on a Butterfly Labs ASIC miner.  As most of you know, production release dates have been a enormous problem for BFL.  The miner we are testing was ordered in March 2013, it was received October 31st 2013. As you can imagine, the wait time essentially nullified any chance of making a quick return on investment.  With ASICs flooding the market, the mining difficulty is pacing with the production numbers.  Want to make a good return on your mining investment?  Get "fast hashing" hardware quickly.  

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Why Litecoin Is Important - CoinAxis

Why Litecoin Is Important - CoinAxis

Why litecoin is important

With the recent popularity of bitcoin, and the exponential growth of hashing (mining) power on the bitcoin network, there has been little news about bitcoins closest complimentary currency, litecoin.  For those of you who don't already know, litecoin is similar to bitcoin.  It has a couple of technical differences that may or may not be highly influential in bitcoin and/or litecoin's success.  More on this later.

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Recent Comments
Guest — litetree
There is no question that Litecoins are on the rise, at Litetree.com we have seen a huge surge in new users all looking to start t... Read More
Saturday, 02 November 2013 17:16
Michael
It's good to see more people getting into litecoin. Diversification is a great thing.
Saturday, 02 November 2013 23:01
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Bitcoin And Litecoin Keychain Review - CoinAxis

Bitcoin And Litecoin Keychain Review - CoinAxis

Bitcoin and litecoin keychain review

Inside the alternative currency economy, bitcoin, and litecoin are on the top of the list.  We are starting to see many quality products being produced inside this rapidly growing market.  Today I'm reviewing the keychains from Paperclip Robot.  A combination of promotion and function,  everyone has keys, so why not support the bitcoin economy as well.

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Austin and Beccy, From Life On Bitcoin Talk To Coin Republic About Their Journey - CoinAxis

Austin and Beccy, From Life On Bitcoin Talk To Coin Republic About Their Journey - CoinAxis

Austin and Beccy, from Life On Bitcoin talk to Coin Republic about their journey

It is a great experiment traveling the world, and living only on bitcoin.  Austin and Beccy are on their final leg of their travels.  Currently in Singapore, they sit down with Coin Republic for a brief interview.  Enjoy.

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Featured

Open Letter To Russell Brand - CoinAxis

Open Letter To Russell Brand - CoinAxis

Open letter to Russell Brand

Dear Russell:

I just finished watching your interview with Jeremy Paxman, aside from Mr. Paxman being a trite individual, it was fantastic exchange of new ideas vs. old.  I'm sure you were expecting Sinead O'Conner, or Miley Cyrus to write you this open-air missive.  Alas, I'm going to underwhelm you, because my fame and fortune are nonexistent.  So, here it is, you get me, Michael, writing you in hopes to get your attention to some important issues, in which are pertinent to your revolutionary interview.

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Guest — steve from virginia
The revolution will have the centers of London, Paris, Shanghai, New York and Washington burned out w/ millions dead. That's how r... Read More
Saturday, 26 October 2013 01:18
Guest — dkirkwood
isn't a fundemental problem w. bitcoin the reliance on the internet? the problem with that, is the internet exists only at the ple... Read More
Saturday, 26 October 2013 11:01
Guest — Jon Danzig
As Sir Winston Churchill once said, democracy is the worst form of government - apart from all the others. In countries where the... Read More
Saturday, 26 October 2013 11:16
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Easy Way To Get Started In Bitcoin - CoinAxis

Easy Way To Get Started In Bitcoin - CoinAxis

Easy way to get started in bitcoin.

With bitcoin becoming more popular amongst the general population, I'm often get asked "What is the best way to get bitcoin?".  For the average person that doesn't scour the corners of the web, purchasing bitcoin can be relatively nebulous.  I will explain a couple of options to get started.

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Why Bitcoin Is Imperative To People In The Global Economy - CoinAxis

Why Bitcoin Is Imperative To People In The Global Economy - CoinAxis

Why bitcoin is imperative to people in the global economy.


Most of us have been strongly affected by the housing & market collapse of 2008.  If you're like me you are still feeling the effects of the dotcom crash, earlier in the decade.  We've all heard the "reasons" for the collapse, well, as best the producers of the various news shows can muster.  There is nothing more frustrating than listening to Jim Cramer pimp the worst stocks, whilst slapping a control board full of sound effects & bright colored graphics...only to realize that some people are taking his advice and losing their hard-earned money.  But, I digress.
 

The one aspect I find frustrating with financial pundits and most economists today, is: they are basing their theories and calculations on a centrally controlled system.  When the global monetary system is essentially broken, it's difficult to predict market behavior.  Although, there is a long line of economists opining the status quo.  Rarely are they correct, yet they often editorialize and/or make policy for the rest of us.  

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Copyright

© Coinaxis, 2013

Recent Comments
Guest — Bitcoin enthusiast
I thought i was reading an old article. 10k bitcoins is already worth much more than 220k
Monday, 21 October 2013 20:35
Michael
Ahh nice catch. That was supposed to be $10,000 in bitcoin, not 10,000 bitcoin. Fixed!!
Monday, 21 October 2013 20:42
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Bitcoin Bob - Money Monopoly

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Silk Road Shutdown. Bitcoin free to go mainstream - CoinAxis

Silk Road Shutdown. Bitcoin free to go mainstream - CoinAxis

Silk road shutdown, Bitcoin is free to go mainstream

Today the feds seized, and shutdown the elusive online marketplace, Silk Road.  For those of you that don't know.  Silk Road was an online marketplace for everything.  When I say everything, I mean, everything.  From drugs, to weapons, and everything else in between, Silk Road had it.  They were able to stay ahead of the feds, because they used the "semi-anonymous" Tor network. The Tor network connected you through dozens, if not hundreds of servers globally.  For example, if connected to the Tor network, it would appear that your IP address was coming from Turkey, when you were actually sitting in a coffee shop in Los Angeles.  

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Credit card Processing, Merchants, and Bitcoin - CoinAxis

Credit card Processing, Merchants, and Bitcoin - CoinAxis

Credit card processing, merchants, and bitcoin

As more small businesses dive into the online marketplace, many are encountering some substantial obstacles. Often, small businesses are led to believe that moving online, achieves a different level of freedom, and income. This may be true for some, but not all.  For most small business operations rely heavily on a positive cash flow. Extra fees, chargeback, and fraud, can be the nail in the proverbial coffin.

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Guest — android app development
Thanks a lot for the post
Friday, 27 September 2013 13:29
Guest — android app development
veru informative post .. android app development
Friday, 27 September 2013 13:30
Guest — Website Credit Card Processing
I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you?... Read More
Tuesday, 03 December 2013 06:37
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Bitcoin - An Emerging Global Payment System - CoinAxis

Bitcoin - An Emerging Global Payment System - CoinAxis

Bitcoin - An Emerging Global Payment System

Online transactions have become commonplace in most of our lives.  Companies like Amazon have become ubiquitous, and with good reason.  Their service is impeccable.  The myriad of competitors, vie for a small slice of the online marketplace.  This creates some amazing bargains for the consumer, not to mention, keeping the businesses sharp.   With the online retailers, we have witnessed some amazing progression in the last decade.  Although, there are areas of this online ecosystem, that have remained stagnant, if not abusive to their customers.  What segment, you ask?  The credit card companies.  

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Poland confiscates pension funds, bitcoin still free

Poland confiscates pension funds, bitcoin still free

Poland confiscates pension funds & assets.  Bitcoin still free!

Today, Poland decided to carryout a predictable move.  I say predicitable, because history tends to repeat itself.  What once was private property, has now been confiscated by the Polish government.

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Your first $1,000,000 is free

Your first $1,000,000 is free

Coinbase has announced, the first $1,000,000 is free from processing fees.  You can now accept bitcoin as payment, with 0% fees.  

Coinbase is an excellent online bitcoin wallet, and payment processor.  It provides great security, and easy implementation of bitcoin payments.  Whether you have an online store, or wish to email invoices.  It's easy, simple, and effective.  If you were curious about the bitcoin world, but were hesitant.  Coinbase, makes it easy!

 
For more information, click on the button below.  
 
 
Register at coinaxis, to stay on top of bitcoin & litecoin news, read informative articles, tutorials, and reviews. By joining, you can receive discounts on products, and/or ask the community questions in our forum.
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Ex googler creates a better bitcoin

Ex googler creates a better bitcoin

As crypto-currencies are taking off in the world.  The focus has mainly been on bitcoin.

There have been many alternate versions of crypto-currencies over the years. Many have used the same general technology that lies at the root of bitcoin.  Charles Lee, formerly of Google, created what appears to be the silver to bitcoins gold.  Mr. Lee created Litecoin, which is similar to bitcoin, yet it is quite different.  

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P2pool - Why it is important

P2pool - Why it is important

P2pool is a decentralized, peer-to-peer mining network for bitcoin, and litecoin.

It has been around for sometime now; however, it hasn't gained much popularity.  There are several reasons why p2pool hasn't gained traction in the mining world.  The most prevalent being, that it's more difficult to initially setup.  The other factors are a higher variance (slower payouts), and regular pools are basically point-and-go.

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