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Bitcoin explained: Here's everything you need to know - CNET

How does one 'mine' Bitcoin?

A person (or group, or company) mines Bitcoin by doing a combination of advanced math and record-keeping. Here's how it works. When someone sends a Bitcoin to someone else, the network records that transaction, and all of the others made over a certain period of time, in a "block." Computers running special software -- the "miners" -- inscribe these transactions in a...

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Date: 2017-12-20 03:34:24

Are physical Bitcoins legal? - CNET

Brass- and gold-plated physical Bitcoins are now available. Just don't let the FBI know...

by

Eric Mack

October 25, 2011 3:51 PM PDT

Bitcoins aren't just an abstract financial instrument living somewhere in the digital ether anymore. They're now a physical currency capable of taking a ride in your pocket or scratching off your lottery tickets.

The physical Bitcoins, called Casascius Bitcoins and...

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Related topics : digital currency like bitcoin / bitcoin digital currency exchange / digital currency bitcoin wiki / using bitcoin for currency exchange / bitcoin digital currency

Bitcoin exchange NiceHash loses millions to hackers - CNET

The exchange marketplace loses its virtual wallet in a breach, which some reports say contained more than $60 million in cryptocurrency.

by

December 6, 2017 9:26 PM PST

Chesnot / Getty Images

While many bitcoin investors are basking in record valuations, some are coming to grips with an astonishing loss.

Cryptocurrency marketplace NiceHash said Wednesday that hackers stole the contents of its...

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Date: 2017-12-30 05:45:34

Related topics : 1 bitcoin worth 1 million / virtual currency exchange bitcoin / make a secure bitcoin wallet / bitcoin trading exchange marketplaces / bitcoin digital currency exchange

Steam ends support for Bitcoin due to high fees ...

Valve has stopped accepting bitcoin for Steam purchases, the game developer said Wednesday, citing the cryptocurrency's high fees and volatility as the impetus behind the move.

Along with bitcoin's skyrocketing valuation, transaction fees charged to customers have also risen dramatically, from the 20 cents when the company enabled bitcoin support two years ago to $20 last week, Valve said in a...

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Date: 2017-12-30 09:29:42

Related topics : bitcoin transactions fee / bitcoin price 1 year ago / bitcoin value one year ago / bitcoin transactions time / bitcoin cost per transaction