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Topic: The Week In Bitcoin - Mar 7 through Mar 13, 2011 (Read 3070 times)

Stephen Gornick (OP)

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Merit: 1010

The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 08, 2011, 09:47:13 AM
Last edit: March 14, 2011, 01:11:04 PM by sgornick

The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Sunday Mar 13th, 2011

Bitcoin Pool updates poclbm-mod and poclbm-mod-gui.
Prevents miners from continuing to work on stale work.
http://www.bitcoinminer.com/post/3827651265
New sites and other content:
Blog post: Bowling for Bitcoins: Meet the Trader 02 in Bitcoin Bulletin
Episode 02: Cusipzzz of BTCSportsBet
The posted odds are better or very competitive to any major sportsbook!
http://www.bitcoinbulletin.com/2011/03/13/bowling-for-bitcoins-meet-the-trader-02

Saturday Mar 12th, 2011

s3052s Technical Analysis - short update
Bitcoins really like triangles [] another triangle has formed, again with the likely outcome of a breakout to the upside.
http://www.forexfactory.com/showthread.php?p=4465929
m0mchils poclbm miner (Python OpenCL) updated to poclbm_py2exe_20110311. Supports long polling.
http://www.bitcoinminer.com/post/3803343367

Friday Mar 11th, 2011

BitNom - A branch of bitcoin that supports registration of a nickname (e.g., an email address) and register a bitcoin address to it, such that subsequent spend transaction can occur using the nickname only.
http://bt.irlbtc.com/view/4353.0
This is the "map a string to an address" feature on the Bitcoin 1.0 development roadmap:
http://bt.irlbtc.com/view/4170.0
New sites and other content:
Blog post: What's in your Facebook Credits wallet?
- http://www.bitcoinmoney.com/post/3789242361
The Legislature in the State of Utah passed passed a bill regarding recognizing gold and silver as legal tender.
- http://blogs.forbes.com/richdanker/2011/03/11/utah-signals-dollar-distress
- http://www.washingtontimes.com/news/2011/mar/10/utah-legislature-goes-gold-silver-legal-tender
- http://bt.irlbtc.com/view/4388.0

Thursday Mar 10th, 2011

Mystery Miner (est. 400+GHash/s) disappears/cloaks after being discovered:
http://twitter.com/#!/midmagic/status/45777406576959488
Wallet activity of The Mystery Miner:
http://twitter.com/#!/midmagic/status/45785410307239936
s3052's Bitcoin Technical Analysis
Now issued twice a week, Mondays and Thursdays.
Long term: We continue to be in a longterm price rally.
Short term:
- "BTC seems to like triangles. We have seen already 3 of them, all resulting in break outs to the upside".
- "Downsloping trendline (currently at around $0.89)". [Once there's a break through that ceiling, trading will likely lead up towards $0.95]
http://www.forexfactory.com/showpost.php?p=4462083
New sites and other content:
Blog post: When will startups get on the Bitcoin bus?
- http://www.bitcoinmoney.com/post/3768248783
BitcoinUSD - Order book information service (& escrow, at some point)
- http://www.BitcoinUSD.com (not to be confused with BitcoinUSA, another exchange)
- http://en.bitcoin.it/wiki/BitcoinUSD
BitcoinUSA exchange released their fee schedule: $1 + 2%, $10 minimum.
The exchange rate is locked in when the order (either buy or sell) is placed..
http://bt.irlbtc.com/view/4276.msg63537#msg63537
Slush's Bitcoin Pooled Mining (BPM) is now open to new registrations.
This pool, Bitcoin's largest, now represents over 100 GHash/s of the total network (i.e., an amount equal to the that of the entire bitcoin network from 3 months ago).
There is now a fixed fee of 2%. Work continues on a push-based workflow method.
http://mining.bitcoin.cz
http://bt.irlbtc.com/view/1976.msg63615#msg63615

Wednesday Mar 9th, 2011

Bitcoin client v0.3.20 receives minor update, v0.3.20.2
Release announcement: http://bt.irlbtc.com/view/4167.0
Download: http://bit.ly/erPgAC
ATI HD 6990 Dual-GPU Graphic Card Launch.
For mining, the ATI HD 5970 is still king of the hill.
http://www.bitcoinminer.com/post/3739914031
Difficulty adjustment: 74,196. Total network hashing: 545 GHash/s.
Cost of electricity for mining a bitcoin has nearly tripled in 5 weeks.
http://www.bitcoinminer.com/post/3751270526
New sites and other content:
Article: Counter-economics and Bitcoin by Theodore Minick (from Bitcoin Weekly)
http://bit.ly/hgJsgo

Tuesday Mar 8th, 2011

BitcoinUSA - Exchange located in the U.S.
Customers from within the U.S. and internationally.
Buy bitcoins with your bank account (ACH), with money order or cash by mail. Sell bitcoins and receive cash in your bank account (ACH).
Requires state issued ID or Passport and a mailing address where a PIN is sent.
http://bitcoinusa.com
http://en.bitcoin.it/wiki/BitcoinUSA
BTCMine - Mining pool, share based and pay per share payouts.
Open for alpha testing for a limited time.
http://www.btcmine.com
http://en.bitcoin.it/wiki/BTCMine
Bitcoin Pool - Mining pool, share based payouts. Only shares from the current block in the current round are accepted.
Open for Beta testing.
http://www.bitcoinpool.com
http://en.bitcoin.it/wiki/Bitcoin_Pool
New sites and other content:
Bitcoin Network Chart - Total Computation Speed
- New 1 Day forecast, based on 500 block sliding window:
- http://bitcoin.sipa.be/speed-lin-10k.png
The Web of Trust (WoT) from #Bitcoin-OTC gets a nice visual:
- http://corrupt.jails.se/~magnetron/wot.svg (requires SVG capable browser)
- http://www.bitcoin-otc.com/trust.php (now with GPG goodness)
#Bitcoin-watch IRC Channel
- Relays Bitcoin transaction data as it crosses the wire.
- Much of this same information is represented visually on Bitcoin Monitor.
- http://bitcoinmonitor.com
Bitcoin Faucet is now "SOLD OUT".
The Free Bitcoins site has had a continuous stream of visitors and possibly a few bots, and is now empty. The Bitcoin address for donations to help prop up the balance for the faucet is listed on the site.
http://freebitcoins.appspot.com
http://bt.irlbtc.com/view/4306.0
Lower fees introduced at Bitcoin exchange CoinPal.
Fees dropped slightly on Coinpal, the leading exchange that accepts PayPal for purchases of Bitcoins. Some maximum purchase limits were raised as well.
http://bt.irlbtc.com/view/2555.msg62414#msg62414
Trial begins for Bernard Von NotHaus, creator of the Liberty Dollar.
http://bit.ly/ee9pkk
http://en.wikipedia.org/wiki/Liberty_Dollar
http://video.google.com/videoplay?docid=980616678222907776 (watch from 0:03:30 on)

Monday Mar 7th, 2011

BitcoinJ - Open source native Bitcoin client. Built in Java.
This project was started by a Google employee as his "20 percent time" project.
http://code.google.com/p/bitcoinj
http://en.bitcoin.it/wiki/BitCoinJ
New sites and other content:
Forum:
- WingCash, a new competitor to PayPal, Dwolla, mobile money?
- "The anti-private digital currency".
- http://wingcash.com
- http://bt.irlbtc.com/view/4232.0
s3052's Technical Analysis
"[if sentiment is too bullish yet then] most people are already invested and likely have used up their buying power, and upside is limited"
Long Term:
- "we can see lower prices before the correction is over".
Short Term:
- "if 0.95 $ is cleared, the next targets of 1.0 $ and then 1.1 $ are achievable".
http://www.forexfactory.com/showthread.php?p=4453162#post4453162

Got a news tip, suggestion or comment?
  http://www.bitcoinnews.com/submit

Current week (updated throughout each day):
  http://www.bitcoinnews.com

Previous weekly summaries:
  http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews

Each day I will post a reply with the previous day's summary, and will update this specific post to include each daily summary as well.

Unichange.me

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genjix

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Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 09, 2011, 12:22:17 AM

I really enjoy reading these. Could each new one of these be stickied until the new one appears every week?

It's good documentation too. Maybe it could go on the front page!

We should collect these somewhere.

Stephen Gornick (OP)

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Activity: 2506
Merit: 1010

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 09, 2011, 08:04:57 AM
Last edit: March 11, 2011, 05:39:23 AM by sgornick

Quote from: genjix on March 09, 2011, 12:22:17 AM

I really enjoy reading these.

Thank you very much for reading! [edited]

Quote from: genjix on March 09, 2011, 12:22:17 AM

We should collect these somewhere.

I've an idea, ... how about if I were to collect them here: http://www.BitcoinNews.com ?

Unichange.me

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Bitcoin, Perfect Money, FasaPay, CUP, Alipay, PayPal

Stephen Gornick (OP)

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Activity: 2506
Merit: 1010

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 09, 2011, 08:09:24 AM

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Tuesday Mar 8th, 2011

BitcoinUSA - Exchange located in the U.S.
Customers from within the U.S. and internationally.
Buy bitcoins with your bank account (ACH), with money order or cash by mail. Sell bitcoins and receive cash in your bank account (ACH).
Requires state issued ID or Passport and a mailing address where a PIN is sent.
http://bitcoinusa.com
http://en.bitcoin.it/wiki/BitcoinUSA
BTCMine - Mining pool, share based and pay per share payouts.
Open for alpha testing for a limited time.
http://www.btcmine.com
http://en.bitcoin.it/wiki/BTCMine
Bitcoin Pool - Mining pool, share based payouts. Only shares from the current block in the current round are accepted.
Open for Beta testing.
http://www.bitcoinpool.com
http://en.bitcoin.it/wiki/Bitcoin_Pool
New sites and other content:
Bitcoin Network Chart - Total Computation Speed
- New 1 Day forecast, based on 500 block sliding window:
- http://bitcoin.sipa.be/speed-lin-10k.png
The Web of Trust (WoT) from #Bitcoin-OTC gets a nice visual:
- http://corrupt.jails.se/~magnetron/wot.svg (requires SVG capable browser)
- http://www.bitcoin-otc.com/trust.php (now with GPG goodness)
#Bitcoin-watch IRC Channel
- Relays Bitcoin transaction data as it crosses the wire.
- Much of this same information is represented visually on Bitcoin Monitor.
- http://bitcoinmonitor.com
Bitcoin Faucet is now "SOLD OUT".
The Free Bitcoins site has had a continuous stream of visitors and possibly a few bots, and is now empty. The Bitcoin address for donations to help prop up the balance for the faucet is listed on the site.
http://freebitcoins.appspot.com
http://bt.irlbtc.com/view/4306.0
Lower fees introduced at Bitcoin exchange CoinPal.
Fees dropped slightly on Coinpal, the leading exchange that accepts PayPal for purchases of Bitcoins. Some maximum purchase limits were raised as well.
http://bt.irlbtc.com/view/2555.msg62414#msg62414
Trial begins for Bernard Von NotHaus, creator of the Liberty Dollar.
http://bit.ly/ee9pkk
http://en.wikipedia.org/wiki/Liberty_Dollar
http://video.google.com/videoplay?docid=980616678222907776 (watch from 0:03:30 on)

Current week (updated throughout each day):
http://www.bitcoinnews.com

Previous weekly summaries:
http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews

Unichange.me

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Your trusted partner in e-currency exchange
Bitcoin, Perfect Money, FasaPay, CUP, Alipay, PayPal

tariqjee

Newbie

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Activity: 1
Merit: 0

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 09, 2011, 08:56:52 AM

I bought it from the first owner, it is in a perfect condition.

Stephen Gornick (OP)

Legendary

Offline

Activity: 2506
Merit: 1010

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 10, 2011, 10:03:23 AM

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Wednesday Mar 9th, 2011

Bitcoin client v0.3.20 receives minor update, v0.3.20.2
Release announcement: http://bt.irlbtc.com/view/4167.0
Download: http://bit.ly/erPgAC
ATI HD 6990 Dual-GPU Graphic Card Launch.
For mining, the ATI HD 5970 is still king of the hill.
http://www.bitcoinminer.com/post/3739914031
Difficulty adjustment: 74,196. Total network hashing: 545 GHash/s.
Cost of electricity for mining a bitcoin has nearly tripled in 5 weeks.
http://www.bitcoinminer.com/post/3751270526
New sites and other content:
Article: Counter-economics and Bitcoin by Theodore Minick (from Bitcoin Weekly)
http://bit.ly/hgJsgo

Current week (updated throughout each day):
http://www.bitcoinnews.com

Previous weekly summaries:
http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews

Unichange.me

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Your trusted partner in e-currency exchange
Bitcoin, Perfect Money, FasaPay, CUP, Alipay, PayPal

Stephen Gornick (OP)

Legendary

Offline

Activity: 2506
Merit: 1010

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 11, 2011, 09:11:43 AM
Last edit: March 11, 2011, 10:06:40 AM by sgornick

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Thursday Mar 10th, 2011

Mystery Miner (est. 400+GHash/s) disappears/cloaks after being discovered:
http://twitter.com/#!/midmagic/status/45785410307239936
Wallet activity of The Mystery Miner:
http://twitter.com/#!/midmagic/status/45777406576959488
s3052's Bitcoin Technical Analysis
Now issued twice a week, Mondays and Thursdays.
Long term: We continue to be in a longterm price rally.
Short term:
- "BTC seems to like triangles. We have seen already 3 of them, all resulting in break outs to the upside".
- "Downsloping trendline (currently at around $0.89)". [Once there's a break through that ceiling, trading will likely lead up towards $0.95]
http://www.forexfactory.com/showpost.php?p=4462083
New sites and other content:
Blog post: When will startups get on the Bitcoin bus?
- http://www.bitcoinmoney.com/post/3768248783
BitcoinUSD - Order book information service (& escrow, at some point)
- http://www.BitcoinUSD.com (not to be confused with BitcoinUSA, another exchange)
- http://en.bitcoin.it/wiki/BitcoinUSD
BitcoinUSA exchange released their fee schedule: $1 + 2%, $10 minimum.
The exchange rate is locked in when the order (either buy or sell) is placed..
http://bt.irlbtc.com/view/4276.msg63537#msg63537
Slush's Bitcoin Pooled Mining (BPM) is now open to new registrations.
This pool, Bitcoin's largest, now represents over 100 GHash/s of the total network (i.e., an amount equal to the that of the entire bitcoin network from 3 months ago).
There is now a fixed fee of 2%. Work continues on a push-based workflow method.
http://mining.bitcoin.cz
http://bt.irlbtc.com/view/1976.msg63615#msg63615

Unichange.me

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Your trusted partner in e-currency exchange
Bitcoin, Perfect Money, FasaPay, CUP, Alipay, PayPal

Stephen Gornick (OP)

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Activity: 2506
Merit: 1010

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 12, 2011, 08:55:12 AM

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Friday Mar 11th, 2011

BitNom - A branch of bitcoin that supports registration of a nickname (e.g., an email address) and register a bitcoin address to it, such that subsequent spend transaction can occur using the nickname only.
http://bt.irlbtc.com/view/4353.0
This is the "map a string to an address" feature on the Bitcoin 1.0 development roadmap:
http://bt.irlbtc.com/view/4170.0
New sites and other content:
Blog post: What's in your Facebook Credits wallet?
- http://www.bitcoinmoney.com/post/3789242361
The Legislature in the State of Utah passed passed a bill regarding recognizing gold and silver as legal tender.
- http://blogs.forbes.com/richdanker/2011/03/11/utah-signals-dollar-distress
- http://www.washingtontimes.com/news/2011/mar/10/utah-legislature-goes-gold-silver-legal-tender
- http://bt.irlbtc.com/view/4388.0

Unichange.me

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Your trusted partner in e-currency exchange
Bitcoin, Perfect Money, FasaPay, CUP, Alipay, PayPal

Stephen Gornick (OP)

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Activity: 2506
Merit: 1010

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 13, 2011, 08:47:57 AM

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

s3052s Technical Analysis - short update
Bitcoins really like triangles [] another triangle has formed, again with the likely outcome of a breakout to the upside.
http://www.forexfactory.com/showthread.php?p=4465929
m0mchils poclbm miner (Python OpenCL) updated to poclbm_py2exe_20110311. Supports long polling.
http://www.bitcoinminer.com/post/3803343367

Unichange.me

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Your trusted partner in e-currency exchange
Bitcoin, Perfect Money, FasaPay, CUP, Alipay, PayPal

S3052

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Activity: 2100
Merit: 1000

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 13, 2011, 11:33:48 AM

#10

SGornick, this is great.

keep going!

Paybis.

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TiagoTiago

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Firstbits.com/1fg4i :)

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 13, 2011, 05:45:59 PM

#11

Is there a way i can get the weekly digest by email?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!

Stephen Gornick (OP)

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Activity: 2506
Merit: 1010

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 14, 2011, 01:11:40 PM

#12

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Sunday Mar 13th, 2011

Bitcoin Pool updates poclbm-mod and poclbm-mod-gui.
Prevents miners from continuing to work on stale work.
http://www.bitcoinminer.com/post/3827651265
New sites and other content:
Blog post: Bowling for Bitcoins: Meet the Trader 02 in Bitcoin Bulletin
Episode 02: Cusipzzz of BTCSportsBet
The posted odds are better or very competitive to any major sportsbook!
http://www.bitcoinbulletin.com/2011/03/13/bowling-for-bitcoins-meet-the-trader-02

Unichange.me

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Your trusted partner in e-currency exchange
Bitcoin, Perfect Money, FasaPay, CUP, Alipay, PayPal

Stephen Gornick (OP)

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Activity: 2506
Merit: 1010

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011

March 14, 2011, 03:13:32 PM

#13

Quote from: TiagoTiago on March 13, 2011, 05:45:59 PM

Is there a way i can get the weekly digest by email?

I just set up a feedburner for it however the way I edit the same post throughout the week is likely not compatible with that. Maybe I'll need to just do a daily post. I'll know for sure after the next daily update goes out.

There is an RSS feed for it:
http://www.bitcoinnews.com/rss

Unichange.me

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Your trusted partner in e-currency exchange
Bitcoin, Perfect Money, FasaPay, CUP, Alipay, PayPal

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