OpenELEC on Raspberry Pi

The-new-movies-menu-of-XBMC-OpenELECRaspberry Pi™ Model B – Available for Order with OpenELEC preview.

What is Raspberry Pi™?
The Raspberry Pi is a low cost, credit-card sized computer that plugs into a computer monitor or TV, and uses a standard keyboard and mouse. It is a capable little device that enables people of all ages to explore computing, and to learn how to program in languages like Scratch and Python. It’s capable of doing everything you’d expect a desktop computer to do, from browsing the internet and playing high-definition video, to making spreadsheets, word-processing, and playing games.

Model B is the higher-spec variant of the Raspberry Pi, with 512 MB of RAM, two USB ports and a 100mb Ethernet port. It’s our most popular model: you can use it to learn about computing; to power real-world projects (like home breweries, arcade machines, musical root vegetables, robot tanks and much more); as a web server; a bitcoin miner; or you can just use it to play Minecraft.

Download our New Out Of the Box Software (NOOBS) or a specific Operating System image.

XAPO – A new way to bank

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Bitcoin provides new possibilities for the way we use money. We’ve taken those possibilities one step further by developing convenient and secure ways to let your money work for you.

Xapo has been described by The Wall Street Journal as the Fort Knox of bitcoin storage, so if you’re looking to secure your bitcoins then look no further than the Xapo Vault. We’ve developed a new standard of bitcoin security and fully insure your assets in the Vault so that you can rest assured your money is safe and sound.

One group controls 51 percent of Bitcoin mining, threatening security sanctity

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Fears that a Bitcoin mining pool controls more than half the total computational power used to create the digital currency have prompted a decline in its value.Bitcoin was hovering around $600 on Monday, according to CoinDesk.com, which tracks prices on exchanges, down from $653 on Wednesday.The decline follows reports that a group is now in a position to conduct a so-called “51 percent attack” on the cryptocurrency, a situation in which it could potentially interfere with transactions or even spend bitcoins twice.

Read more

What is Bitcoin mining?

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Mining is the process of spending computing power to process transactions, secure the network, and keep everyone in the system synchronized together. It can be perceived like the Bitcoin data center except that it has been designed to be fully decentralized with miners operating in all countries and no individual having control over the network. This process is referred to as “mining” as an analogy to gold mining because it is also a temporary mechanism used to issue new bitcoins. Unlike gold mining, however, Bitcoin mining provides a reward in exchange for useful services required to operate a secure payment network. Mining will still be required after the last bitcoin is issued.

The Face Behind Bitcoin

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Bitcoin’s biggest mystery has finally been solved: The crypto-currency’s creator, Satoshi Nakamoto, has finally been unmasked. Well, maybe.

Over the course of Bitcoin’s troubled and short history (hello Mt. Gox), people have wondered if Nakamoto was an alias for a single-minded genius, or perhaps a pseudonym for a group of libertarian hackers fearing reprisals from the government for their actions, or maybe even a nickname for a shadowy group of regulation-hating Wall Street programmers.

He’s actually a 64-year-old Japanese-American living in Temple City, California in a nondescript house and his name is—wait for it—Dorian Satoshi Nakamoto.
Yes, the most mysterious figure in the history of Bitcoin never had a secret identity at all and was using his real name this whole time.

Flexcoin is shutting down

logo_flex1Flexcoin, a site that described itself as the “world’s first bitcoin bank,” has closed after it got hacked and all of the bitcoins it had placed in online storage were stolen, the site recently announced.

On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 BTC, which is roughly $600,000.

As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately.