12 Mar '13, 6am

Technical problems cause Bitcoin to plummet from record high, Mt. Gox suspends deposits

The sell-off was precipitated by a glitch that prevented a newly-mined Bitcoin block from checking out with an older version of the software. Since each new block of the purely digital currency relies on the blocks before it for authentication, this created a fork in the chain — miners running the newest software continued on as though nothing had happened, while those running the older version were forced to pick up where the troublesome block had left them. Bitcoin developer Pieter Wuille is suggesting that miners revert to the older version of the software until the problem can be ironed out, and is calling for merchants to stop processing purchases using the newer software. The Tokyo-based Mt. Gox says believes its suspension will be lifted by the end of the day.

Full article: http://www.theverge.com/2013/3/12/4092898/technical-probl...

Tweets

Bitcoin blockchain issue - Mt Gox Bitcoin depos...

mtgox.zendesk.com 12 Mar '13, 12am

Due to an issue with the Bitcoin blockchain, all bitcoin deposits to MtGox are temporarily suspended. This will be the cas...

Technical glitch sparks bitcoin sell-off

finextra.com 12 Mar '13, 10am

Technical glitch sparks bitcoin sell-off 20 hours ago | 1334 views | 0 Having seen its value soar in recent weeks, digital...

More info on the #bitcoin chain fork:

bitcoin.org 12 Mar '13, 3am

11/12 March 2013 Chain Fork Information What happened A bitcoin miner running version 0.8.0 created a large block (at heig...

Technical glitch knocks Bitcoin prices down 23%, now trading at $43

Technical glitch knocks Bitcoin prices down 23%...

venturebeat.com 12 Mar '13, 2pm

It’s hard out there for a virtual currency. Bitcoin prices collapsed 23 percent Monday night after a technical glitch forc...

Bitcoin prices hit record high after Mt. Gox ex...

mukpin.com 01 Mar '13, 6am

Bitcoin prices hit record high after Mt. Gox exchange agrees to move to the U.S. virtual currency bitcoin has hit new high...

==>MT @davidhauptmann Great post by @aceofspade...

ace.mu.nu 11 Mar '13, 11pm

Here's a couple of data points that bear serious thought this week by transparency advocates celebrating Sunshine Week and...

Bitcoin prices hit record high after Mt. Gox exchange agrees to move to the U.S.

Bitcoin prices hit record high after Mt. Gox ex...

venturebeat.com 28 Feb '13, 2am

Virtual currency Bitcoin has hit new highs in value after Mt. Gox , the largest Bitcoin exchange, struck a deal to let sta...

Does recycling cause you to consume more?

Does recycling cause you to consume more?

mnn.com 12 Mar '13, 1pm

A lot of eco-minded people will avoid purchasing items that they know will end up in the garbage. But do they also react i...

Bitcoin hits new all time high on Mt. Gox

bitcointalk.org 28 Feb '13, 12am

Re: Mt. Gox hits all-time Bitcoin high Today at 01:19:11 AM #11 Quote from: prezbo on Today at 01:03:09 AM Quote from: fra...

Major glitch in Bitcoin network sparks sell-off...

arstechnica.com 12 Mar '13, 4am

A technical glitch in the core Bitcoin software forced developers to call for a temporary halt to Bitcoin transactions, sp...