Bitcoin Malaysia and Blockchain Tech Information

Bitcoin and Blockchain, Bitcoin Exchange, Bitcoins Malaysia, Blockchain Malaysia

Posts by: colbert

Header Photo Changed

By on September 28, 2012

Header Photo changed today. Like it ? If you can design a better one for us, then we’ll pay you 0.1 btc. The header should be 930 width x 160 height. Contact us.

The Bitcoin Foundation has been launched

By on September 27, 2012

Forbes reports the launch of the much awaited – The Bitcoin Foundation.

The Bitcoin Foundation mission leads to the early specific goals of financially sponsoring the efforts of the core development team, funding core infrastructure such as a test network and a DNS seed node, publishing a set of best practices for bitcoin integration, coordinating responses to business and media inquiries, and organizing an annual bitcoin conference with the first one being held in Silicon Valley.

Initial board members include Gavin Andresen, Mark Karpeles, Jon Matonis, Patrick Murck, Charlie Shrem, and Peter Vessenes.

As both a payments platform and a nonpolitical unit of account, Bitcoin has already seen astonishing growth in just over three years. Bitcoin’s total base money supply is currently valued at $125 million. Number of transactions has gone from 219 in 2009 to 4,964,513 year-to-date in 2012. The value of bitcoins transferred per year has gone from 35 trillion BTC to 60,896 trillion BTC. And, the network hashing rate, which is a measure of computational speed or horsepower, has increased from 0.008 Giga hashes per second in December 2009 to 19,284 Giga hashes per second in September 2012, thereby making it the largest distributed computing project in the world today in terms of processing performance. (Source: State of the Coin 2012)

There are various membership levels for The Bitcoin Foundation. Annual individual membership is 2.5 BTC with a 25.0 BTC lifetime option; corporate membership is 500 BTC for silver tier, 2,500 BTC for gold tier, and 10,000 BTC for platinum tier. If you are serious about being a part of this new disruptive digital currency, then you should sign up!

New Bitcoin Malaysia Affiliate Program starts today

By on September 26, 2012

 

We have started a new Affiliate Program for bitcoinmalaysia.com today. For every sale, you’ll get to earn 1% (one time). We only pay out via Maybank or HSBC, so please add your full banking information when you register. Failure to do so will cause delays in your affiliate payouts.

How much can you earn as an Affiliate ?

If a customer comes to our site via your affiliate link and purchases the B1 package at RM 10,000, we’ll credit RM 100 to your account once the customer has paid in full.

Note: Your affiliate commissions will only be paid on a 60 days cycle. This is to cater to accidental orders and refunds.

 

Hashing speed Radeon HD 7770 GPU

By on September 26, 2012

I’ve been doing some Bitcoins mining using a Sapphire Radeon HD 7770 GPU recently with BFGminer and the results are quite inconsistent. I suspect this is happening since the mining pool at Triplemining is located in the EU side (Belgium) and they have not implemented the stratum mining protocol yet.

On certain hours, the hashing speed reaches nearly 350 Mh/s tops and then bottoms around 81 Mh/s. This is pretty frustrating and I am still trying to figure out the root cause.

So currently, the Sapphire Radeon HD 7770 GPU is giving me about 0.11 btc per day, and that roughly comes to about 3.3 btc per month. That’s pittance compared to our new generation bitcoin mining servers here.

The Server Package B1 will generate about 260 bitcoins per month (approx RM 10,200 per month at today’s btc rate) with its 26,000Mh/s hashing power.

Sample of eu2.triplemining.com DNS entry:

 

IP 91.212.186.41
COUNTRY NAME Belgium
REGION NAME N/A
CITY N/A
PROVIDER (ORG) AS42160 LCP AS dc oostkamp

Below is the mining pool servers for Triplemining:

Main Connection settings: Host eu.triplemining.com , Port 8344

Backup Connection settings:Host eu2.triplemining.com , Port 8344

 

 

Adding Security to your blockchain.info online bitcoins wallet

By on September 25, 2012

If you use the blockchain.info online bitcoins wallet frequently, then it will be wise to add the 2 factor authentication for logins. You can either order a Yubikey for 25 USD or use the Google Authenticator (Account Settings > Security).

If you are concerned about security we highly recommend you install the My Wallet Verifier browser extensions. The My Wallet verifier can help protect against server side hacking, malicious javascript and phishing attacks.

Bitcoin Mining pool at TripleMining

By on September 25, 2012

We use the Bitcoin Mining pool at TripleMining. Join our pool at http://ninjalong.triplemining.com

What is triplemining? TripleMining is a unique bitcoin mining pool that allows you to grow your own pool by adding friends to your personal minipool.

The payment structure is transparent and allows you to make up to 3 times more than any other pool. By inviting other friends to your minipool, you recieve extra payouts for their efforts.

In addition, an extra bonus can be returned to you through our weekly jackpot where all accounts are treated equally and have the same chance of winning the jackpot.

Payment Structure

99% of the block goes to the workers.
1% of the block is partly distributed amongst the minipool owners (miners with at least one friend mining with them).
If you don’t have a minipool owner, that part of the fee goes to the jackpot. That’s right, we keep NOTHING!

How does it work?
Every time a block is found, 1% of the block goes back to the pool, the redistribution is as follows:

User1 registers on his own, his part of the 1% fee goes to the pool and is redistributed to anyone via the weekly jackpot.
User2 registers using the link of User1, his part of the 1% fee goes to User1.
User3 registers using the link of User2, his part of the 1% fee goes to User2, nothing goes to User1
User4 registers using the link of User3, his part of the 1% fee goes to User3, nothing goes to User1 or User2

There is no limit to the amount of users that can be part of your minipool.

Conclusion: There is no downside to joining someone else’s minipool, while you have a lot to gain from starting your own minipool! 

Join our pool at http://ninjalong.triplemining.com

Youtube Videos on Bitcoins

By on September 22, 2012

Bitcoin is the world’s first fully decentralized, peer-to-peer (p2p) virtual currency. It allows users to make anonymous and untraceable cash transactions anywhere in the world without any sort of real-world intermediary. So unlike PayPal and other online services, it can’t be squeezed in the same way by governments or other control agents.

Created in 2009 by a shadowy figure who goes by the name Satoshi Nakamoto, there are currently about 6 million bitcoins in circulation. That number will eventually rise, in regular intervals, to a total of 21 million by 2033. A money system without any sort of central bank? A currency whose supply increases at a steady and predictable rate according to a concept elucidated by the Nobel laureate economist Milton Friedman?

Just how revolutionary is Bitcoin? CNN , Forbes and Deloitte Australia talking about Bitcoins

A few important news came up the past 2 weeks that could boost the usage of Bitcoins (btc):

1. BitPay accepts 1000th customer for their btc Merchant System (BitcoinStore.com) while the Secretary of the Central Bank of Finland publicize that bitcoin or btc is legal to use in Finland.

2. The Federal Reserve announced open ended QE, $40 billion in Mortgage Backed Securities per month. Low rates until 2015. There is no end date. Together with Operation Twist at $45 billion, the program is $85 billion. Fed opens door to more action if necessary.

With more and more people getting into the Bitcoins digital currency usage, it’s important to show the normal people how Bitcoins (btc) can be used in your daily life. The best way to do that is to use videos as people love watching movies and moving pictures.

We are now accepting pre-orders of new V4 bitcoin mining servers that could generate thousands of bitcoins (btc) per month! So if you are a Bitcoins investor, Bitcoins miner or Bitcoins service provider, feel free to drop me some comments [ admin at bitcoinmalaysia.com ] on what videos should be added to this post, so that we can spread the Bitcoin love!.

BELOW – WHAT ARE BITCOINS?

Below : Video (English sub-title Version) – Secretary of the Central Bank of Finland publicized that bitcoin is legal to use in Finland.

BELOW, Al-Jazeera News talking about Bitcoins with Jerry Brito: Jerry Brito is a senior research fellow at the Mercatus Center at George Mason University, and director of its Technology Policy Program. He also serves as adjunct professor of law at GMU. His research focuses on technology and telecommunications policy, government transparency and accountability, and the regulatory process.

BELOW, CNN Money: Bitcoin’s As Currency:

BELOW, Bloomberg talks about Bitcoins:

BELOW, FOX News, the USA news channel talks about Bitcoins:

BELOW, Gavin Andresen talks about Bitcoins at CIA HQ:

BELOW, Jason Calacanis interviews Gavin Andresen and Amir Taaki about Bitcoins:

BELOW, Complete detail of how Bitcoin works:

BELOW, Bit-Pay Mobile Checkout:

BELOW, Bitcoin & The End of State-Controlled Money: Q&A with Jerry Brito:
Reason.tv sat down with Mercatus Senior Research Fellow Jerry Brito to learn how Bitcoin operates and what the implications are for traditional state-based fiat currencies. “Whether Bitcoin succeeds or fails is neither here nor there,” says Brito, who predicts that currencies in the future will almost certainly be deregulated and decentralized – with or without governments’ consent.

BELOW, Understanding Bitcoin Security – Trace Mayer interviewed by VisionVictory

BELOW, Bitcoin Explained at TechSNAP 9:

BELOW, James McCarthy aka Nefario, founder of GLBSE, long time member of the bitcoin community, at the Bitcoin2012 Conference in London,UK on the topic of Bitcoin capital Markets.

BELOW, The Bitcoin Merchant System by BitPay.com

BELOW, Charlie Shrem, CEO of http://www.Bitinstant.com is interviewed by Mark Edge about Bitcoins and Bitinstant:

BELOW, [BitTalk.TV] interviews Charlie Shrem, the CEO of BitInstant.com:

BELOW, Peio Popov, a legal adviser talking about Bitcoins, The road to Bitcoin and a glimpse forward:

BELOW, Tony Gallippi of BitPay presenting at the Venture Pitch Orlando event in May 2012.

BELOW, Bitcoin Adoption by Tony Gallippi, CEO of Bitpay.com. Location at European Bitcoin Conference (Jan 2012)

BELOW, bit-pay.com video about Bitcoins

BELOW, GoldMoney’s James Turk interviews Félix Moreno de la Cova, who is a studied economist, trader and GoldMoney contributor. They discuss the idea of currency competition and talk about the pros and cons of Bitcoin and digital gold currencies.

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BELOW, Bitmining tutorial – Earn money doing NOTHING! :

BELOW, Bitcoin Mining Rig – 24 Machine Setup – 48Gh:

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Ready for BITCOIN MINING? Pre-Order V4 Bitcoin Mining Server NOW!
Steps:
1. Install server+software,
2. Mine bitcoins 24/7,
3. Withdraw bitcoins to debit card (coming soon) or direct bank transfer eg Maybank, CIMB, HSBC.
4. Visit ATM to withdraw your bitcoins in Ringgit Malaysia!

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