The Week In Bitcoin - Mar 7 through Mar 13, 2011

[Stephen Gornick]

The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Sunday Mar 13th, 2011

• Bitcoin Pool updates poclbm-mod and poclbm-mod-gui.
  Prevents miners from continuing to work on stale work.
  http://www.bitcoinminer.com/post/3827651265
• New sites and other content:
  Blog post: Bowling for Bitcoins: Meet the Trader 02 in Bitcoin Bulletin
  Episode 02: “Cusipzzz” of BTCSportsBet
  “The posted odds are better or very competitive to any major sportsbook!”
  http://www.bitcoinbulletin.com/2011/03/13/bowling-for-bitcoins-meet-the-trader-02

Saturday Mar 12th, 2011

• s3052’s Technical Analysis - short update
  Bitcoins really like triangles […] another triangle has formed, again with the likely outcome of a breakout to the upside.
  http://www.forexfactory.com/showthread.php?p=4465929
• m0mchil’s poclbm miner (Python OpenCL) updated to poclbm_py2exe_20110311. Supports long polling.
  http://www.bitcoinminer.com/post/3803343367

Friday Mar 11th, 2011

• BitNom - A branch of bitcoin that supports registration of a nickname (e.g., an email address) and register a bitcoin address to it, such that subsequent spend transaction can occur using the nickname only.
  http://bitcointalk.org/index.php?topic=4353.0
  This is the "map a string to an address" feature on the Bitcoin 1.0 development roadmap:
  http://bitcointalk.org/index.php?topic=4170.0
• New sites and other content:
  
• Blog post: What's in your Facebook Credits wallet?
  - http://www.bitcoinmoney.com/post/3789242361
• The Legislature in the State of Utah passed passed a bill regarding recognizing gold and silver as legal tender.
  - http://blogs.forbes.com/richdanker/2011/03/11/utah-signals-dollar-distress
  - http://www.washingtontimes.com/news/2011/mar/10/utah-legislature-goes-gold-silver-legal-tender
  - http://bitcointalk.org/index.php?topic=4388.0

Thursday Mar 10th, 2011

• Mystery Miner (est. 400+GHash/s) disappears/cloaks after being discovered:
  http://twitter.com/#!/midmagic/status/45777406576959488
  Wallet activity of The Mystery Miner:
  http://twitter.com/#!/midmagic/status/45785410307239936
• s3052's Bitcoin Technical Analysis
  Now issued twice a week, Mondays and Thursdays.
  Long term: We continue to be in a longterm price rally.
  Short term:
  - "BTC seems to like triangles.  We have seen already 3 of them, all resulting in break outs to the upside".
  - "Downsloping trendline (currently at around $0.89)".  [Once there's a break through that ceiling, trading will likely lead up towards $0.95]
  http://www.forexfactory.com/showpost.php?p=4462083
• New sites and other content:
  Blog post: When will startups get on the Bitcoin bus?
  - http://www.bitcoinmoney.com/post/3768248783
  BitcoinUSD - Order book information service (& escrow, at some point)
  - http://www.BitcoinUSD.com  (not to be confused with BitcoinUSA, another exchange)
  - http://en.bitcoin.it/wiki/BitcoinUSD
• BitcoinUSA exchange released their fee schedule: $1 + 2%, $10 minimum.
  The exchange rate is locked in when the order (either buy or sell) is placed..
  http://bitcointalk.org/index.php?topic=4276.msg63537#msg63537
• Slush's Bitcoin Pooled Mining (BPM) is now open to new registrations.
  This pool, Bitcoin's largest, now represents over 100 GHash/s of the total network (i.e., an amount equal to the that of the entire bitcoin network from 3 months ago).
  There is now a fixed fee of 2%.  Work continues on a push-based workflow method.
  http://mining.bitcoin.cz
  http://bitcointalk.org/index.php?topic=1976.msg63615#msg63615

Wednesday Mar 9th, 2011

• Bitcoin client v0.3.20 receives minor update, v0.3.20.2
  Release announcement: http://bitcointalk.org/index.php?topic=4167.0
  Download: http://bit.ly/erPgAC
• ATI HD 6990 Dual-GPU Graphic Card Launch.
  For mining, the ATI HD 5970 is still king of the hill.
  http://www.bitcoinminer.com/post/3739914031
• Difficulty adjustment: 74,196. Total network hashing: 545 GHash/s.
  “Cost of electricity for mining a bitcoin has nearly tripled in 5 weeks.”
  http://www.bitcoinminer.com/post/3751270526
• New sites and other content:
  Article: Counter-economics and Bitcoin by Theodore Minick (from Bitcoin Weekly)
  http://bit.ly/hgJsgo

Tuesday Mar 8th, 2011

• BitcoinUSA - Exchange located in the U.S.
  Customers from within the U.S. and internationally.
  Buy bitcoins with your bank account (ACH), with money order or cash by mail.  Sell bitcoins and receive cash in your bank account (ACH).
  Requires state issued ID or Passport and a mailing address where a PIN is sent.
  http://bitcoinusa.com
  http://en.bitcoin.it/wiki/BitcoinUSA
• BTCMine - Mining pool, share based and pay per share payouts.
  Open for alpha testing for a limited time.
  http://www.btcmine.com
  http://en.bitcoin.it/wiki/BTCMine
• Bitcoin Pool - Mining pool, share based payouts. Only shares from the current block in the current round are accepted.
  Open for Beta testing.
  http://www.bitcoinpool.com
  http://en.bitcoin.it/wiki/Bitcoin_Pool
• New sites and other content:
  Bitcoin Network Chart - Total Computation Speed
  - New 1 Day forecast, based on 500 block sliding window:
  -   http://bitcoin.sipa.be/speed-lin-10k.png
  The Web of Trust (WoT) from #Bitcoin-OTC gets a nice visual:
  - http://corrupt.jails.se/~magnetron/wot.svg (requires SVG capable browser)
  - http://www.bitcoin-otc.com/trust.php (now with GPG goodness)
  #Bitcoin-watch IRC Channel
  - Relays Bitcoin transaction data as it crosses the wire.
  - Much of this same information is represented visually on Bitcoin Monitor.
  -   http://bitcoinmonitor.com
• Bitcoin Faucet is now "SOLD OUT".
  The Free Bitcoins site has had a continuous stream of visitors and possibly a few bots, and is now empty.  The Bitcoin address for donations to help prop up the balance for the faucet is listed on the site.
  http://freebitcoins.appspot.com
  http://bitcointalk.org/index.php?topic=4306.0
• Lower fees introduced at Bitcoin exchange CoinPal.
  Fees dropped slightly on Coinpal, the leading exchange that accepts PayPal for purchases of Bitcoins.  Some maximum purchase limits were raised as well.
  http://bitcointalk.org/index.php?topic=2555.msg62414#msg62414
• Trial begins for Bernard Von NotHaus, creator of the Liberty Dollar.
  http://bit.ly/ee9pkk
  http://en.wikipedia.org/wiki/Liberty_Dollar
  http://video.google.com/videoplay?docid=980616678222907776 (watch from 0:03:30 on)

Monday Mar 7th, 2011

• BitcoinJ - Open source native Bitcoin client.  Built in Java.
  This project was started by a Google employee as his "20 percent time" project.
  http://code.google.com/p/bitcoinj
  http://en.bitcoin.it/wiki/BitCoinJ
• New sites and other content:
  Forum:
  - WingCash, a new competitor to PayPal, Dwolla, mobile money?
  -   "The anti-private digital currency".
  -   http://wingcash.com
  -   http://bitcointalk.org/index.php?topic=4232.0
• s3052's Technical Analysis
  "[if sentiment is too bullish yet then] most people are already invested and likely have used up their buying power, and upside is limited"
  Long Term:
  - "we can see lower prices before the correction is over".
  Short Term:
  - "if 0.95 $ is cleared, the next targets of 1.0 $ and then 1.1 $ are achievable".
  http://www.forexfactory.com/showthread.php?p=4453162#post4453162

Got a news tip, suggestion or comment?
  http://www.bitcoinnews.com/submit

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.

[genjix]

I really enjoy reading these. Could each new one of these be stickied until the new one appears every week?

It's good documentation too. Maybe it could go on the front page!

We should collect these somewhere.

[Stephen Gornick]

I really enjoy reading these.

Thank you very much for reading!  [edited]

We should collect these somewhere.

I've an idea, ... how about if I were to collect them here: http://www.BitcoinNews.com ?  

[Stephen Gornick]

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Tuesday Mar 8th, 2011

• BitcoinUSA - Exchange located in the U.S.
  Customers from within the U.S. and internationally.
  Buy bitcoins with your bank account (ACH), with money order or cash by mail.  Sell bitcoins and receive cash in your bank account (ACH).
  Requires state issued ID or Passport and a mailing address where a PIN is sent.
  http://bitcoinusa.com
  http://en.bitcoin.it/wiki/BitcoinUSA
• BTCMine - Mining pool, share based and pay per share payouts.
  Open for alpha testing for a limited time.
  http://www.btcmine.com
  http://en.bitcoin.it/wiki/BTCMine
• Bitcoin Pool - Mining pool, share based payouts. Only shares from the current block in the current round are accepted.
  Open for Beta testing.
  http://www.bitcoinpool.com
  http://en.bitcoin.it/wiki/Bitcoin_Pool
• New sites and other content:
  Bitcoin Network Chart - Total Computation Speed
  - New 1 Day forecast, based on 500 block sliding window:
  -   http://bitcoin.sipa.be/speed-lin-10k.png
  The Web of Trust (WoT) from #Bitcoin-OTC gets a nice visual:
  - http://corrupt.jails.se/~magnetron/wot.svg (requires SVG capable browser)
  - http://www.bitcoin-otc.com/trust.php (now with GPG goodness)
  #Bitcoin-watch IRC Channel
  - Relays Bitcoin transaction data as it crosses the wire.
  - Much of this same information is represented visually on Bitcoin Monitor.
  -   http://bitcoinmonitor.com
• Bitcoin Faucet is now "SOLD OUT".
  The Free Bitcoins site has had a continuous stream of visitors and possibly a few bots, and is now empty.  The Bitcoin address for donations to help prop up the balance for the faucet is listed on the site.
  http://freebitcoins.appspot.com
  http://bitcointalk.org/index.php?topic=4306.0
• Lower fees introduced at Bitcoin exchange CoinPal.
  Fees dropped slightly on Coinpal, the leading exchange that accepts PayPal for purchases of Bitcoins.  Some maximum purchase limits were raised as well.
  http://bitcointalk.org/index.php?topic=2555.msg62414#msg62414
• Trial begins for Bernard Von NotHaus, creator of the Liberty Dollar.
  http://bit.ly/ee9pkk
  http://en.wikipedia.org/wiki/Liberty_Dollar
  http://video.google.com/videoplay?docid=980616678222907776 (watch from 0:03:30 on)

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

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

[tariqjee]

I bought it from the first owner, it is in a perfect condition.

[Stephen Gornick]

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Wednesday Mar 9th, 2011

• Bitcoin client v0.3.20 receives minor update, v0.3.20.2
  Release announcement: http://bitcointalk.org/index.php?topic=4167.0
  Download: http://bit.ly/erPgAC
• ATI HD 6990 Dual-GPU Graphic Card Launch.
  For mining, the ATI HD 5970 is still king of the hill.
  http://www.bitcoinminer.com/post/3739914031
• Difficulty adjustment: 74,196. Total network hashing: 545 GHash/s.
  “Cost of electricity for mining a bitcoin has nearly tripled in 5 weeks.”
  http://www.bitcoinminer.com/post/3751270526
• New sites and other content:
  Article: Counter-economics and Bitcoin by Theodore Minick (from Bitcoin Weekly)
  http://bit.ly/hgJsgo

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

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

[Stephen Gornick]

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Thursday Mar 10th, 2011

• Mystery Miner (est. 400+GHash/s) disappears/cloaks after being discovered:
  http://twitter.com/#!/midmagic/status/45785410307239936
  Wallet activity of The Mystery Miner:
  http://twitter.com/#!/midmagic/status/45777406576959488
• s3052's Bitcoin Technical Analysis
  Now issued twice a week, Mondays and Thursdays.
  Long term: We continue to be in a longterm price rally.
  Short term:
  - "BTC seems to like triangles.  We have seen already 3 of them, all resulting in break outs to the upside".
  - "Downsloping trendline (currently at around $0.89)".  [Once there's a break through that ceiling, trading will likely lead up towards $0.95]
  http://www.forexfactory.com/showpost.php?p=4462083
• New sites and other content:
  Blog post: When will startups get on the Bitcoin bus?
  - http://www.bitcoinmoney.com/post/3768248783
  BitcoinUSD - Order book information service (& escrow, at some point)
  - http://www.BitcoinUSD.com  (not to be confused with BitcoinUSA, another exchange)
  - http://en.bitcoin.it/wiki/BitcoinUSD
• BitcoinUSA exchange released their fee schedule: $1 + 2%, $10 minimum.
  The exchange rate is locked in when the order (either buy or sell) is placed..
  http://bitcointalk.org/index.php?topic=4276.msg63537#msg63537
• Slush's Bitcoin Pooled Mining (BPM) is now open to new registrations.
  This pool, Bitcoin's largest, now represents over 100 GHash/s of the total network (i.e., an amount equal to the that of the entire bitcoin network from 3 months ago).
  There is now a fixed fee of 2%.  Work continues on a push-based workflow method.
  http://mining.bitcoin.cz
  http://bitcointalk.org/index.php?topic=1976.msg63615#msg63615

Got a news tip, suggestion or comment?
  http://www.bitcoinnews.com/submit

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

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

[Stephen Gornick]

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Friday Mar 11th, 2011

• BitNom - A branch of bitcoin that supports registration of a nickname (e.g., an email address) and register a bitcoin address to it, such that subsequent spend transaction can occur using the nickname only.
  http://bitcointalk.org/index.php?topic=4353.0
  This is the "map a string to an address" feature on the Bitcoin 1.0 development roadmap:
  http://bitcointalk.org/index.php?topic=4170.0
• New sites and other content:
  
• Blog post: What's in your Facebook Credits wallet?
  - http://www.bitcoinmoney.com/post/3789242361
• The Legislature in the State of Utah passed passed a bill regarding recognizing gold and silver as legal tender.
  - http://blogs.forbes.com/richdanker/2011/03/11/utah-signals-dollar-distress
  - http://www.washingtontimes.com/news/2011/mar/10/utah-legislature-goes-gold-silver-legal-tender
  - http://bitcointalk.org/index.php?topic=4388.0

Got a news tip, suggestion or comment?
  http://www.bitcoinnews.com/submit

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

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

[Stephen Gornick]

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

• s3052’s Technical Analysis - short update
  Bitcoins really like triangles […] another triangle has formed, again with the likely outcome of a breakout to the upside.
  http://www.forexfactory.com/showthread.php?p=4465929
• m0mchil’s poclbm miner (Python OpenCL) updated to poclbm_py2exe_20110311. Supports long polling.
  http://www.bitcoinminer.com/post/3803343367

Got a news tip, suggestion or comment?
  http://www.bitcoinnews.com/submit

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

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

[S3052]

SGornick, this is great.

keep going!

[TiagoTiago]

Is there a way i can get the weekly digest by email?

[Stephen Gornick]

Re: The Week In Bitcoin - Mar 7 through Mar 13, 2011.

Sunday Mar 13th, 2011

• Bitcoin Pool updates poclbm-mod and poclbm-mod-gui.
  Prevents miners from continuing to work on stale work.
  http://www.bitcoinminer.com/post/3827651265
• New sites and other content:
  Blog post: Bowling for Bitcoins: Meet the Trader 02 in Bitcoin Bulletin
  Episode 02: “Cusipzzz” of BTCSportsBet
  “The posted odds are better or very competitive to any major sportsbook!”
  http://www.bitcoinbulletin.com/2011/03/13/bowling-for-bitcoins-meet-the-trader-02

Got a news tip, suggestion or comment?
  http://www.bitcoinnews.com/submit

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

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

[Stephen Gornick]

Is there a way i can get the weekly digest by email?

I just set up a feedburner for it however the way I edit the same post throughout the week is likely not compatible with that.  Maybe I'll need to just do a daily post.  I'll know for sure after the next daily update goes out.

There is an RSS feed for it:
  http://www.bitcoinnews.com/rss