Capitalizations Index – B ∞/21M
Bitcoins are mined using a cryptographic algorithm called SHA-256. This algorithm is simple enough to be done with pencil and paper, as I show in this video. Not surprisingly, this is a thoroughly impractical way to mine. One round of the algorithm takes 16 minutes, 45 seconds which works out to a hash rate of 0.67 hashes per day.
For details, see http://righto.com/sha
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The Russian Ministry of Finance has drafted a bill to legalize the trading of cryptocurrencies on approved exchanges. #NEWS
BTCMANAGER Coinsource, Inc. Granted Virtual Currency License by New York Regulators Coinsource, Inc., a leading bitcoin teller machine (BTM) operator, has become the first of such firms in the world to be granted the infamous […]