Important Crypto Information

[Senshi]

So seeing as this section has become quite active, I'll try and keep this thread for info purposes.

Please can I ask that you guys do NOT post in this thread and create a separate thread for discussions, I'd like to keep this to news and important information only. I will update it as I go along. Mods please could you moderate this thread?

Litecoin main website + wallet downloads
https://litecoin.org/

Litecoin mining pool hash rate break down:
https://www.litecoinpool.org/pools

Litecoin mining pool comparison:
https://litecoin.info/Mining_pool_comparison

Litecoin $ value:
BTC-e LTC/USD Charts - BitcoinWisdom
https://btc-e.com/exchange/ltc_usd

Litecoin charts + block explorer:
Litecoin Charts - Litecoin Cryptocurrency Blockchain Explorer

Litecoin difficulty:
https://litecoin.info/Difficulty

Litecoin calculators:
https://www.litecoinpool.org/calc
Litecoin Mining Calculator with Pool Fees and Next Earnings
Cryptocoin Mining Information, Profitability and Calculators
CoinWarz - Crypto Currency Mining Profitability - Bitcoin & Litecoin Mining Calculator

 

[Senshi]

Massive surge in Litecoin mining leads to graphics card shortage

The era of Bitcoin mining on the GPU is dead. A year ago, a single Radeon graphics card could crank out a reasonable fraction of a Bitcoin in a single day. Today, that same GPU earns a thousandth of a Bitcoin in 24 hours, generating little value while consuming a substantial amount of power. The shift to ASICs for Bitcoin mining mirrors the shift from CPUs to GPUs, but the market isn’t content to just turn those mining rigs off — not when there’s an alternative currency available for which ASIC miners do not exist.

Read more..

Source

 

[Senshi]

BTCChina closed bank deposit as a way to deposit Chinese Yuan. Right now no way to deposit CNY into BTCC.

Source

The result of this is that the market is panic selling or "crashing" if you will. I believe it's simply a correction and the currencies should mostly recover, however now is the time to buy cheap coins.

 

[Senshi]

Europe’s First Bitcoin ATM Installed in Finland

Helsinki, Finland. A place best-known for islands, forts and Linux pioneer Linus Torvalds, has made the news as the official home of Europe’s first bitcoin ATM.

Earlier this month, Swedish bitcoin exchange Safello announced that it would deploy the first bitcoin ATM in downtown Stockholm

......

Source

 

[Senshi]

Happy Birthday, Bitcoin – Bitcoin Turns 5

5 years ago today, on January 3, 2009, the Bitcoin network came into existence. The first Bitcoin client was released, and the first Bitcoins were issued. While Satoshi Nakamoto initially released his whitepaper in November 2008, it was not until January 3, 2009 when Block 0 was officially mined and Bitcoin became a functioning cryptocurrency — the first of its kind. If you were to go back to that day, it would be a little difficult to actually purchase Bitcoins as there was no functioning exchange yet, and the value of one individual Bitcoin was essentially nothing.


2013 was a pivotal year for Bitcoin. We still don’t know who Satoshi Nakamoto is, but his stroke of genius is now changing the world in unforeseen ways. Vendors around the world are making way for this new paradigm and Bitcoin is gaining acceptance on a large scale, in politics and in individual consumerism. Who would have predicted all this just 5 years ago? The question now is, what’s next?

Source

 

[Senshi]

India Gets The Green Light

Following a press conference organised by Bitcoins Alliance India, Unocoin, one of the largest Bitcoin exchanges in India has been given the green light allowing users to continue accessing their accounts as of today (6th of January 2014) with regular trading commencing on the 8th January.

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Read More

This is good news for Bitcoin and Crypto's as a whole

 

[BitFuture]

CoinDesk has removed Mt. Gox from the Bitcoin Price Index today (as of 16:00 GMT), due to its persistent failure to meet the Index’s standards for inclusion.

Ultimately, the decision to remove Mt. Gox from the BPI was prompted by Friday’s announcement that bitcoin (BTC) withdrawals had been suspended until Monday, and today’s follow-up announcement that bitcoin withdrawals would now be suspended indefinitely. This was due to a previously known technical issue with Mt. Gox’s custom wallet implementation of the Bitcoin core protocol.

Source

No surprise really as the recent drop in Bitcoin/Litecoin value is attributed to the issue Mt.Gox has where you cannot withdraw Bitcoins. In other news, for a brief period yesterday we saw Bitcoin's value at $102! I'm so sad I missed out on buying then!

For all the guys following the news, crypto's are recovering nicely, if you have not bought a few coins, now might be a pretty good time to do so.

For reference why we saw such a big price drop :

Japan-based bitcoin exchange Mt. Gox, the third-largest for trading the US dollar for bitcoin by 30-day volume, has announced it is temporarily pausing bitcoin withdrawals.

Source

 

[Senshi]

Right so further update.

It seems MtGox has finally shut down, trading was disabled earlier and now the website is down completely.

Also Blockchain has posted their response about MtGox's situation :

Joint Statement Regarding MtGox
Posted on February 25, 2014 by Blockchain Team
For immediate distribution: February 24th, 2014 — 10:00 PM ET


The purpose of this document is to summarize a joint statement to the Bitcoin community regarding Mt.Gox.


This tragic violation of the trust of users of Mt.Gox was the result of one company’s abhorrent actions and does not reflect the resilience or value of bitcoin and the digital currency industry. There are hundreds of trustworthy and responsible companies involved in bitcoin. These companies will continue to build the future of money by making bitcoin more secure and easy to use for consumers and merchants. As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today.

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Read More

My speculation is that once the bad news and negative criticism in the media passes, Bitcoins and crypto's in general should recover nicely. I do feel sorry for the guys that had funds invested in MtGox though.

 

[Pansyfaust]

https://vircurex.com/welcome/ann_reserved.html

For those who had coin on vircurex, im sorry. Think im going to be moving my day trade stash off of cryptsy for a few weeks, make me sleep a bit easier.

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