20 Sep '13, 10pm

For Virtual Prospectors, Life in the Bitcoin Mines Gets Real

For Virtual Prospectors, Life in the Bitcoin Mines Gets Real

Aubrey McIntosh has taken up mining in his spare time, and he’s finding it hard and hot — even if it’s prospecting for a virtual currency and a computer is doing all of the work. Mr. McIntosh, a semiretired chemistry professor in Morris, Minn., is among the growing ranks of enthusiasts who use powerful computers to “mine,” in insider parlance, “bitcoins,” an unregulated digital currency. Mr. McIntosh keeps his specialized computer, which he said cost about $1,500 and is custom-built to find bitcoins, near the chimney flue in his basement to try to get rid of all the heat it generates. “It sounds like an aircraft carrier,” he said. Since turning the computer on his electricity bill has about doubled. Read the rest of this post on the original site »

Full article: http://allthingsd.com/20130920/for-virtual-prospectors-li...

Tweets

@WSJ For Virtual Prospectors, Life in the Bitco...

online.wsj.com 20 Sep '13, 11pm

That can require powerful computer equipment to keep up with competitors. Some people spend tens of thousands of dollars o...

For Virtual Prospectors, Life in the Bitcoin Mi...

online.wsj.com 20 Sep '13, 4am

That can require powerful computer equipment to keep up with competitors. Some people spend tens of thousands of dollars o...

For Virtual Prospectors, Life in the Bitcoin Mi...

online.wsj.com 20 Sep '13, 2am

That can require powerful computer equipment to keep up with competitors. Some people spend tens of thousands of dollars o...

For Virtual Prospectors, Life in the Bitcoin Mi...

online.wsj.com 20 Sep '13, 3am

That can require powerful computer equipment to keep up with competitors. Some people spend tens of thousands of dollars o...

For Virtual Prospectors, Life in the Bitcoin Mi...

online.wsj.com 20 Sep '13, 2am

That can require powerful computer equipment to keep up with competitors. Some people spend tens of thousands of dollars o...

To "mine" virtual currency bitcoin, some face s...

online.wsj.com 20 Sep '13, 4pm

That can require powerful computer equipment to keep up with competitors. Some people spend tens of thousands of dollars o...

Indigentes que sobreviven gracias a la moneda virtual Bitcoin

Indigentes que sobreviven gracias a la moneda v...

abc.es 20 Sep '13, 7pm

La revista Wired ha relatado una historia curiosa de varios hombres indigentes, desempleados que sobreviven entre otras co...

Moeda virtual Bitcoin é investimento dos mais a...

exame.abril.com.br 19 Sep '13, 11am

São Paulo – Especular com moedas reguladas por bancos centrais já é bastante arriscado, por ser muito difícil tentar preve...

Virtual robbery: Bitcoin theft on the rise

Virtual robbery: Bitcoin theft on the rise

hereisthecity.com 16 Sep '13, 5pm

Just as a pickpocket or mugger can rob you on the street, so a hacker can swipe your virtual money. And it can be much mor...

VIDEO: What is Bitcoin?

VIDEO: What is Bitcoin?

bbc.co.uk 03 Oct '13, 2pm

What is Bitcoin? and how does virtual currency work? 3 October 2013 Last updated at 13:52 BST The value of the virtual cur...

Getting caught up on my Bitcoin podcasts . . . ...

letstalkbitcoin.com 23 Sep '13, 6am

Let's Talk Bitcoin is powered by volunteers doing good work through the Cryptocurrency ecosystem, and sharing their experi...

Germany Legalizes Bitcoin via Reddit

reddit.com 21 Sep '13, 1am

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no...

couple

couple

coindesk.com 20 Sep '13, 1pm

Austin and Beccy Craig, the Utah-based couple living on bitcoin for 90 days , have overcome yet another hurdle and paid fo...

78% of #bitcoin is not in circulation. Are we facing a virtual currency crash if a few hoarders sell? #WEF

78% of #bitcoin is not in circulation. Are we f...

forumblog.org 23 Sep '13, 9am

Five years after the collapse of Lehman Brothers and the full onset of the global financial crisis, the search for plausib...

Swiss politician asks government to create report on bitcoin

Swiss politician asks government to create repo...

coindesk.com 19 Sep '13, 4pm

A member of Switzerland’s federal parliament has made a submission to the country’s National Council asking it to write a ...