The Week In Bitcoin - Feb 21 through Feb 27, 2011.

[Stephen Gornick]

The Week In Bitcoin - Feb 21 through Feb 27, 2011.

Sunday Feb 27th, 2011

• s3052’s Technical Analysis
  http://mtgox.com/blog/?p=274
  “The further downward correction has materialized, with HUGE selling volume today.”
• Difficulty adjustment. Total network hashing strength: 398 Ghash/sec, difficulty 55590.  Bitcoin mining activity consumes 6 mWh electricity per day.  [Edit: 6 mWh per day]
  http://www.bitcoinminer.com/post/3359058885/hashing-difficulty-55590
• DeepBit adds “Pay-Per-Share” reward distribution mode.
  http://en.bitcoin.it/wiki/DeepBit

Saturday Feb 26th, 2011

• DeepBit.net mining pool. Currently in open beta test.
  - Summary: "proportional reward distributioin", 3% fee, daily payout.
  -   http://www.deepbit.net
  -   http://j.mp/deepbit
• poclbm-gui GUI Frontend for poclbm python OpenCL bitcoin miner
  http://github.com/Kiv/poclbm
  http://en.bitcoin.it/wiki/Poclbm-gui
• New sites and other content:
  1BTCHost Simple and easy web hosting, from 1.0 BTC per month.
  -   http://1btchost.com
  -   http://en.bitcoin.it/wiki/1BTCHost
  CoinTumblr - Bitcoin mixnet, via Onion address / Tor.
  -  http://en.bitcoin.it/wiki/CoinTumblr
• Discuss: Upcoming feature for ClearCoin, refund to charity / mediator:
  http://bitcointalk.org/index.php?topic=3903.0
• Blog post: BitcoinReport - Latest Bitcoin top 100 'Rich List':
  http://bit.ly/emkNp9
  Hope this doesn't come as a shock to anyone. Those at the top? They aren't selling, they're buying: http://bit.ly/ezJmAv  http://bit.ly/ezdCml http://bit.ly/fOvgRi

Friday Feb 25th, 2011

• Bitcoin network reaches size half that of Tianhe-1A, quarter of Folding@Home: http://bit.ly/f9czvM
• New sites and other content:
  CoinCard - Sell bitcoins for PayPal or prepaid stored value cards delivered instantly.
  - Fees: Using “best bid” market exchange
  -   PayPal: Under $50, 3% fee.  $50 and over, $1 + 1%
  -   Domino’s virtual gift card: 1% fee.
  - http://coincard.ndrix.com
  - http://en.bitcoin.it/wiki/CoinCard
• BitcoinCrypto - a very lightweight Bitcoin crypto library for Android and JVM.
  - https://en.bitcoin.it/wiki/BitcoinCrypto
  - http://bitcointalk.org/index.php?topic=3875.0
• BitMarket Square -
  - http://www.bitmarketsquare.com
  - http://en.bitcoin.it/wiki/BitMarket_Square
• s3052’s Brief Technical Analysis:
  http://bitcointalk.org/index.php?topic=1493.msg55217#msg55217
  - “Head and shoulders bearish pattern has been invalidated with the break above $0.95”
  - “The intermediate correction is probably not over”
  - “There is a strong likelyhood that we see another leg down toward $0.80 , or even $0.50”

Thursday Feb 24th, 2011

• s3052's Technical Analysis: (from Yesterday)
  http://mtgox.com/blog/?p=262
  "Key indicators continue to be strongly bearish"
  - Long Term: "We remain in a correction"
  - Short Term:
  -   Resistance: $0.95 Right shoulder of head and shoulders (bearish).
  -   Support: $0.80 This level needs to hold to invalidate bearish pattern.
• New sites and other content:
  - Bitmarket: Buy, sell and trade goods and services with bitcoins.
  -   http://www.BitMarket.ca
  -   http://en.bitcoin.it/wiki/Bitmarket
• NO CASH DAY 2011 - The first international event against cash.
  http://www.nocashday.org/?p=1
  http://bitcointalk.org/index.php?topic=3846.0

Wednesday Feb 23rd, 2011

• Freenet now accepts Bitcoin as a donation method
  https://freenetproject.org/donate.html
• New sites and other content:
  - Video: Bitcoin presentation at NYC Bitcoin User Group
  -   http://www.youtube.com/watch?v=YakSbM2u8KM
  - Video: Bitcoin presentation at Ignite D.C.
  -   http://ignite-dc.blip.tv/file/4801077  
  -   Slides: http://bitcoinbasics.com/ignitedc
  - Article: Anonymous money needs an anonymous exchange
  -   http://bit.ly/hngU78
  - Bitcoin.local: Trade, buy and sell Bitcoins locally
  -   http://www.tradebitcoin.com  
  -   http://en.bitcoin.it/wiki/Bitcoin.local
  - Wiki Articles:
  -   How to accept Bitcoin, for small businesses
  -     http://bit.ly/gGDmWK
  -   Why a GPU mines faster than a CPU
  -     http://bit.ly/hhanjK
• Seen on #bitcoin-bitpenny the second round of testing will begin in days
  http://en.bitcoin.it/wiki/BitPenny
• WalletBuddy: Open source wallet manager (encrypted backup)  for Windows.
  Uses GPG (gpg4win) encryption.  Built with .Net Framework 4.
  - Announcement: http://bitcointalk.org/index.php?topic=3735.0
  - Project on Github: https://github.com/Fnordsoft/Bitcoin-Projects

Tuesday Feb 22nd, 2011

• New sites and other content:
  - BitYacht, an online Yatzee-like dice game:
  -   http://www.bityacht.com
  -   http://en.bitcoin.it/wiki/BitYacht
  - Blog post: Stubborn Mule (Sydney, AUS)
  -   http://www.stubbornmule.net/2011/02/virtual-currency

Monday, Feb 21st, 2011

• AurumXChange adding features useful to Bitcoiners
  - We will begin offering automated exchanges between bitcoin and LR
  - We are working with mtgox on this.
  -   LR to bitcoin exchange will be instant.
  -   Bitcoin to LR will be automated, but not instant.
  http://bitcointalk.org/index.php?topic=2549.msg50859#msg50859
  https://en.bitcoin.it/wiki/AurumXchange_Company
• Bitcoin classic client, v0.3.20 is now available for all supported platforms.
  - http://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.3.20
  - Announcement and release notes:
  -   http://bitcointalk.org/index.php?topic=3704.msg52561#msg52561
  - Integration and staging tree on Github: https://github.com/bitcoin/bitcoin
• Mining-ready hard drives offered for sale:
  http://bitcointalk.org/index.php?topic=3706.0
  Video: http://www.youtube.com/watch?v=FThX1cDg-tg
• New sites and other content:
  - Daily and Weekly summaries of Bitcoin-related developments:
  -   http://www.BitcoinNews.com
• 4Chan discovers Bitcoin: http://boards.4chan.org/g/res/16063169
  If you aren’t familiar with 4Chan: http://en.wikipedia.org/wiki/4chan
  Some interesting comments:
  - “Long story short: Creating monopoly money with GPU, neckbeards believe this monopoly money actually has value.”
  - “the software to mine are all open source. so there’s no CRACKING SEKRIT PASSWORDS”
  - “Meanwhile, people are dying of cancer and you aren’t helping research the cure”
  - "Do not underestimate the nuttiness of internet libertarians”

Current week (updated throughout each day):
  http://www.bitcoinnews.com

Previous weekly summaries:
  http://www.bitcoinnews.com/archive  Follow on Twitter: @BitcoinNews

Each day I will post a reply with the previous day's summary, and will update this specific post to include each daily summary as well.

[Mike Hearn]

Thanks for doing this. It's really good.

[Stephen Gornick]

The Week In Bitcoin - Feb 21 through Feb 27, 2011.

Tuesday Feb 22nd, 2011

• New sites and other content:
  - BitYacht, an online Yatzee-like dice game:
  -   http://www.bityacht.com
  -   http://en.bitcoin.it/wiki/BitYacht
  - Blog post: Stubborn Mule (Sydney, AUS)
  -   http://www.stubbornmule.net/2011/02/virtual-currency

Current week (updated throughout each day):
  http://www.bitcoinnews.com

Previous weekly summaries:
  http://www.bitcoinnews.com/archive  Follow on Twitter: @BitcoinNews

[Stephen Gornick]

The Week In Bitcoin - Feb 21 through Feb 27, 2011.

Wednesay Feb 23rd, 2011

• Freenet now accepts Bitcoin as a donation method
  https://freenetproject.org/donate.html
• New sites and other content:
  - Video: Bitcoin presentation at NYC Bitcoin User Group
  -   http://www.youtube.com/watch?v=YakSbM2u8KM
  - Video: Bitcoin presentation at Ignite D.C.
  -   http://ignite-dc.blip.tv/file/4801077  
  -   Slides: http://bitcoinbasics.com/ignitedc
  - Article: Anonymous money needs an anonymous exchange
  -   http://bit.ly/hngU78
  - Bitcoin.local: Trade, buy and sell Bitcoins locally
  -   http://www.tradebitcoin.com  
  -   http://en.bitcoin.it/wiki/Bitcoin.local
  - Wiki Articles:
  -   How to accept Bitcoin, for small businesses
  -     http://bit.ly/gGDmWK
  -   Why a GPU mines faster than a CPU
  -     http://bit.ly/hhanjK
• Seen on #bitcoin-bitpenny the second round of testing will begin in days
  http://en.bitcoin.it/wiki/BitPenny
• WalletBuddy: Open source wallet manager (encrypted backup)  for Windows.
  Uses GPG (gpg4win) encryption.  Built with .Net Framework 4.
  - Announcement: http://bitcointalk.org/index.php?topic=3735.0
  - Project on Github: https://github.com/Fnordsoft/Bitcoin-Projects

Current week (updated throughout each day):
  http://www.bitcoinnews.com

Previous weekly summaries:
  http://www.bitcoinnews.com/archive  Follow on Twitter: @BitcoinNews

[Stephen Gornick]

The Week In Bitcoin - Feb 21 through Feb 27, 2011.

Thursday Feb 24th, 2011

• s3052's Technical Analysis: (from Yesterday)
  http://mtgox.com/blog/?p=262
  "Key indicators continue to be strongly bearish"
  - Long Term: "We remain in a correction"
  - Short Term:
  -   Resistance: $0.95 Right shoulder of head and shoulders (bearish).
  -   Support: $0.80 This level needs to hold to invalidate bearish pattern.
• New sites and other content:
  - Bitmarket: Buy, sell and trade goods and services with bitcoins.
  -   http://www.BitMarket.ca
  -   http://en.bitcoin.it/wiki/Bitmarket
• NO CASH DAY 2011 - The first international event against cash.
  http://www.nocashday.org/?p=1
  http://bitcointalk.org/index.php?topic=3846.0

Current week (updated throughout each day):
  http://www.bitcoinnews.com

Previous weekly summaries:
  http://www.bitcoinnews.com/archive  Follow on Twitter: @BitcoinNews

[Stephen Gornick]

The Week In Bitcoin - Feb 21 through Feb 27, 2011.

Friday Feb 25th, 2011

• Bitcoin network reaches size half that of Tianhe-1A, quarter of Folding@Home: http://bit.ly/f9czvM
• New sites and other content:
  CoinCard - Sell bitcoins for PayPal or prepaid stored value cards delivered instantly.
  - Fees: Using “best bid” market exchange
  -   PayPal: Under $50, 3% fee.  $50 and over, $1 + 1%
  -   Domino’s virtual gift card: 1% fee.
  - http://coincard.ndrix.com
  - http://en.bitcoin.it/wiki/CoinCard
• BitcoinCrypto - a very lightweight Bitcoin crypto library for Android and JVM.
  - https://en.bitcoin.it/wiki/BitcoinCrypto
  - http://bitcointalk.org/index.php?topic=3875.0
• BitMarket Square -
  - http://www.bitmarketsquare.com
  - http://en.bitcoin.it/wiki/BitMarket_Square
• s3052’s Brief Technical Analysis:
  http://bitcointalk.org/index.php?topic=1493.msg55217#msg55217
  - “Head and shoulders bearish pattern has been invalidated with the break above $0.95”
  - “The intermediate correction is probably not over”
  - “There is a strong likelyhood that we see another leg down toward $0.80 , or even $0.50”

Current week (updated throughout each day):
  http://www.bitcoinnews.com

Previous weekly summaries:
  http://www.bitcoinnews.com/archive  Follow on Twitter: @BitcoinNews

[Stephen Gornick]

The Week In Bitcoin - Feb 21 through Feb 27, 2011.

Saturday Feb 26th, 2011

• DeepBit.net mining pool. Currently in open beta test.
  - Summary: "proportional reward distributioin", 3% fee, daily payout.
  -   http://www.deepbit.net
  -   http://j.mp/deepbit
• poclbm-gui GUI Frontend for poclbm python OpenCL bitcoin miner
  http://github.com/Kiv/poclbm
  http://en.bitcoin.it/wiki/Poclbm-gui
• New sites and other content:
  1BTCHost Simple and easy web hosting, from 1.0 BTC per month.
  -   http://1btchost.com
  -   http://en.bitcoin.it/wiki/1BTCHost
  CoinTumblr - Bitcoin mixnet, via Onion address / Tor.
  -  http://en.bitcoin.it/wiki/CoinTumblr
• Discuss: Upcoming feature for ClearCoin, refund to charity / mediator:
  http://bitcointalk.org/index.php?topic=3903.0
• Blog post: BitcoinReport - Latest Bitcoin top 100 'Rich List':
  http://bit.ly/emkNp9
  Hope this doesn't come as a shock to anyone. Those at the top? They aren't selling, they're buying: http://bit.ly/ezJmAv  http://bit.ly/ezdCml http://bit.ly/fOvgRi

Current week (updated throughout each day):
  http://www.bitcoinnews.com

Previous weekly summaries:
  http://www.bitcoinnews.com/archive  Follow on Twitter: @BitcoinNews

[JesusTheCaffeine]

Explaining bitcoin to /g/ with their paranoia was hard.

Did you know they really think google chromium is a botnet?


By the way, linking links to 4chan threads isn't the best idea as they expire when the thread goes past page 10.

[Ricochet]

I see that most of these newly-created Wiki pages use Feb 26th as an origin date even when the actual date was much earlier.  See: CoinTumblr, which the wiki states as being mentioned first on the 26th though the link shows the 12th as its post date.  Perhaps I should create an account on the wiki to correct this...

Of course that's not to say that I don't appreciate the news postings.  I (and I'm sure others as well) are very glad of your efforts.

[Stephen Gornick]

The Week In Bitcoin - Feb 21 through Feb 27, 2011.

Sunday Feb 27th, 2011

• s3052’s Technical Analysis
  http://mtgox.com/blog/?p=274
  “The further downward correction has materialized, with HUGE selling volume today.”
• Difficulty adjustment. Total network hashing strength: 398 Ghash/sec, difficulty 55590.  Bitcoin mining activity consumes 6 mWh electricity per day. [Edit: 6 mWh per day]
  http://www.bitcoinminer.com/post/3359058885/hashing-difficulty-55590
• DeepBit adds “Pay-Per-Share” reward distribution mode.
  http://en.bitcoin.it/wiki/DeepBit

Current week (updated throughout each day):
  http://www.bitcoinnews.com

Previous weekly summaries:
  http://www.bitcoinnews.com/archive  Follow on Twitter: @BitcoinNews

[Stephen Gornick]

See: CoinTumblr, which the wiki states as being mentioned first on the 26th though the link shows the 12th as its post date.  

Fixed.  

Perhaps I should create an account on the wiki to correct this...

You could even earn bitcoins for helping! https://en.bitcoin.it/wiki/Bitcoin:Contributors_award

Of course that's not to say that I don't appreciate the news postings.  I (and I'm sure others as well) are very glad of your efforts.