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Displaying items by tag: Bitcoins

Monday, 11 November 2013 19:22

$1.2 million in Bitcoins stolen service that offers users online Bitcoin wallet service was compromised on 23rd and again on 26th October. Unknown hackers on that occasion stolen 4100 Bitcoins, which have a value of at least $1.2 million. The owner of the attacked website, known only by the nickname TradeFortess, gave this information to users this week, noting that the attack affected only specific users .

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Saturday, 09 November 2013 21:34

Real estate business done with Bitcoins in China

One of the biggest IT companies in China, Shanda Group, specifically its department of real estate operations launched the first investment project for the purchase of 300 apartments which have yet to be built in the new Shanghai Zhangjiang Technology Park.

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Bitcoin is created by a computer, which by processing some mathematical algorithms does the thing called mining. This implies the processor intensive algorithms, and a website Blockchain noted that during the 24 hour mining of the Bitcoin around the world is spent 982 megawatt-hours of electricity, which would be sufficient for the energy needs of 31,000 households in the U.S. throughout the year (assuming an average spend 3.3 MWh). Some have even concluded that this results in an environmental disaster.

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