27 Nov '13, 3pm

Bitcoin currency breaks $1,000 mark

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be best to think of its units being virtual tokens rather than physical coins or notes. However, like all currencies its value is determined by how much people are willing to exchange it for. To process Bitcoin transactions, a procedure called "mining" must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution. For each problem solved, one block of bitcoins is processed. In addition the miner is rewarded with new bitcoins. This provides an incentive for people to provide computer processing power to solve the problems. To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of about 3,600 new bitcoins a day. There are currently about 11 millio...

Full article: http://www.bbc.co.uk/news/technology-25120731#sa-ns_mchan...

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Bitcoin currency breaks $1,000 mark

bbc.co.uk 27 Nov '13, 3pm

Continue reading the main story How Bitcoin works Bitcoin is often referred to as a new kind of currency. But it may be be...

Bitcoin passes $1,000 mark for the first time, ...

thenextweb.com 27 Nov '13, 3pm

Bitcoin hit a new milestone today, passing the $1,000 mark for the first time. The virtual currency is currently trading a...

Bitcoin Crosses the $1,000 Mark On The Mt.Gox Exchange

Bitcoin Crosses the $1,000 Mark On The Mt.Gox E...

techcrunch.com 27 Nov '13, 3pm

Nothing like a little bit of speculation gone wild to kick off the holiday spending season. Bitcoin just traded past the $...

Bitcoin Tops $1,000 for the First Time

Bitcoin Tops $1,000 for the First Time

mashable.com 27 Nov '13, 3pm

The price of bitcoins topped $1,000 Wednesday on Mt. Gox, the second largest exchange by volume, marking the first time it...

BITCOIN $1000

BITCOIN $1000

businessinsider.com 27 Nov '13, 3pm

Demand has surged this month as demand from China picked up , and the digital currency received coverage as it underwent t...

Bitcoin prices top $1,000 via @CNNMoney

money.cnn.com 27 Nov '13, 3pm

Bitcoin has been on a spectacular run this year, soaring to new highs even though some thought the Bitcoin bubble burst in...

Bitcoin tops $1,000 for the first time ever.

wired.com 27 Nov '13, 4pm

The value of a bitcoin has topped $1,000, a mere 11 months after the fledgling digital currency was worth little more than...

The Magic Number: Bitcoin Prices Top $1,000

wired.com 27 Nov '13, 4pm

The value of a bitcoin has topped $1,000, a mere 11 months after the fledgling digital currency was worth little more than...

Bitcoin hits $1,000 for the first time

Bitcoin hits $1,000 for the first time

theverge.com 27 Nov '13, 3pm

The virtual currency Bitcoin, a decentralized form of money that approximates cash on the internet, has never been worth m...

#Bitcoin

#Bitcoin

cnbc.com 27 Nov '13, 3pm

Web-based searches for the term 'bitcoin,' which was added to Oxford Dictionaries Online this year, have seen a sharp incr...

DETAILS: #Bitcoin marking growth of some 4000% this year, passes $1000 today

DETAILS: #Bitcoin marking growth of some 4000% ...

rt.com 27 Nov '13, 3pm

Bitcoin value passes $1,000 for first time ever Published time: November 27, 2013 15:09 Edited time: November 27, 2013 16:...

A single Bitcoin was worth $10 a year ago — today it’s worth $1,000

A single Bitcoin was worth $10 a year ago — tod...

venturebeat.com 27 Nov '13, 9pm

Dec. 4 - 5, 2013 Redwood City, CA Tickets on Sale Now The value of a single Bitcoin surpassed $1,000 on popular Bitcoin ex...

Bitcoin Black Friday: How to use virtual currency to buy real gifts

Bitcoin Black Friday: How to use virtual curren...

nbcnews.com 28 Nov '13, 5pm

If you're really feeling flush, you can use bitcoin to book that special someone a trip to space on Virgin Galactic . If t...

Bitcoin's rise divides the experts

bbc.co.uk 28 Nov '13, 12am

28 November 2013 Last updated at 00:01 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print ...