To the people saying "Bitcoin to the MARS". It won’t happen and here is why.

The average distance between Mars and Earth is about 2.5 x 10 8 kilometres. That is about 155 million miles, or about 13.86 light minutes. Since Bitcoin is TCP/IP-based we need a full roundtrip time of 27.72 minutes just for the handshake. Even if we using UDP the whole protocol will break down. This will basically ruin the whole mining and confirmation process, and will impair the ability for interplanetary Bitcoin-transactions. Before Bitcoin will go to the Mars, we need to find a solution for this. I…

Chinese journalist reveals the secrets of ASICMiner’s mining facility

The journalist Xiaogang Cao was recently invited to visit ASICMiner’s immersion cooling mining facility, in Hong Kong, and shared his experience on the Bitcointalk.org forum, where he published several pictures. The structure has existed since August 2013, when ASICMiner’s founders “purchased the best cooling machines and pumps from China”. According to Cao, the mining facility is located in […]

The speed of bitcoin network propagation is awesome….

I just sent the equivalent of 50 USD to Wikileaks from an android wallet I created to experiment with mobile payments (I dumped my iPhone just to buy a phone that would support a native bitcoin wallet incidentally… totally worth it) https://blockchain.info/address/1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v And this is what amazed me… I scanned the QR code on the site and punched in a figure and hit submit. And it took about 3-4 seconds for the phone to register the transfer… and then the blockchain website above updated in REAL…