A Fire Took Out a Huge Bitcoin Mining Operation

It's 2014, and this is what a mining accident looks like. A massive fire reportedly broke out at a Bitcoin mining facility in Thailand last month, devastating all three of its buildings and possibly millions of dollars in hardware. The fire might just be a wakeup call to all the startups trying to mine Bitcoin on the… » 11/10/14 1:34pm 11/10/14 1:34pm

Giant Chinese Bitcoin Mines Are the Foundation of the Next Economy

The digital currency Bitcoin has fluctuated in value, but it seems unlikely to go away in the immediate future. And part of its ongoing strength depends on Bitcoin farms, where virtual value is mined in enormous factories » 8/14/14 7:20am 8/14/14 7:20am

Is Bitcoin evil or just dumb?

There's been a digital cash rush over the past few months, with Bitcoin rising in value from $13.50 to over $1000 in 2013. Economist Paul Krugman calls Bitcoin "evil," while economics-obsessed scifi author Charles Stross says he wishes it would die in fire. Why do they think Bitcoin will usher in the econopocalypse? » 1/06/14 9:40am 1/06/14 9:40am

Check out the world's first bitcoin ATM

If there was any doubt that bitcoin — a distributed peer-to-peer digital currency — is seriously on the way in, this new ATM at a Vancouver cafe should put those reservations to rest. » 10/31/13 7:40am 10/31/13 7:40am

U.S. feds make their first-ever Bitcoin seizure

It may be the currency of the future, but it now appears that Bitcoin is not immune to the U.S. government's prying eyes and hands — especially when it's being used to fuel black market activities. » 6/28/13 6:40am 6/28/13 6:40am

The World's Most Powerful Computer Network Is Being Wasted on Bitcoin

Bitcoin mining machines are insane powerhouses, and they're only getting crazier. How much power is getting sunk into the digital cryptocurrency? More than the world's top 500 supercomputers combined. What a waste. » 5/13/13 1:06pm 5/13/13 1:06pm