Entrepreneurship

Bitcoin Mining’s Inevitable Cloud Future

"In early 2013 bitcoin mining saw the start of the application specific integrated circuit (ASIC) revolution. As design efficiency approaches Moore’s Law production capacity and operating efficiency will drive profit margins. The natural evolution of this will be large data centers that can take advantage of economies of scale. There are three potential options for optimizing the location of the cloud mining data center: establish a facility near the production site, near cheap power, or near talented personnel. The best decision depends on the businesses’ unique advantages over the competition and all models could provide a competitive edge." Continue reading →

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Living on Bitcoin is a real challenge for newlywed couple

"Groceries at home have not been too much of a problem, since one of the first merchants they convinced to accept bitcoins was a local community-supported agriculture operation,La Nay Ferme. They’ve even ordered fertilized chicken eggs using bitcoins, in the hopes of producing some of their own food. And they just announced a special trial run of bitcoin payment with a large grocery store. But on the road, they may have to resort to brown-bagging it between bitcoin-friendly restaurants. Buying gas will probably be the biggest challenge on the road, since it has been tough at home." Continue reading →

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Aye, Me Hearties—Why There’s Still Old-Fashioned Treasure Out There

"There are literally thousands of mineral exploration companies, and MOST of them will never discover anything. The money these companies raise in the market will be poured into the ground, and chances are that it won't ever do any good. This is what makes identifying companies likely to make a significant discovery so difficult—and therefore so enormously profitable when you do. When an exploration company goes from having nothing to having proven and probable mining reserves of calculable value, share prices can go through the roof... pennies turn into dollars… and dollars into fortunes." Continue reading →

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Prospectors pan Indiana creeks in quest for gold

"In the shallow streams and creek beds of Brown County, a new gold rush is going on. Outdoorsy types have taken to the water in search of flakes of natural gold left behind millions of years ago. No one is hitting the mother lode or striking it rich. But for modern-day Indiana prospectors, panning for gold is a chance to be outside, gather with like-minded friends and experience the thrill of finding buried treasure. Dozens of members of the Gold Prospectors Association of America gathered in the bends of Salt Creek, hunched over the water. Some of them used hand-held pans to sift through the bed of the stream." Continue reading →

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Bitcoin ATM Machines Receive Full Funding Hours After Campaign Launches

"Startup Lamassu Bitcoin Ventures has managed to fund its initial production run of 15 Bitcoin ATM units just hours after pre-orders were announced. The company’s new Bitcoin ATMs promise to take your cold hard cash and instantly added your money to a bitcoin wallet. The new ATM machines were paid for mostly with the use of Bitcoins. Based on the cost of each machine the company has raised $60,000-$75,000 in sales revenue after only a few short hours. While Bitcoin value has drastically increased over the last year the company is hoping to introduce the digital currency to “non-geeks” who may find entry into the payment a bit confusing." Continue reading →

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Square Fined $507K In Florida For Operating Without A Money Transmitter License

"A little more state-specific financial regulatory hot water for Square, the hot mobile commerce startup: it has been fined $507,000 by Florida’s Office of Financial Regulation for operating a payment service without a money transmission license. This looks like the second time that a U.S. state financial regulator has gone after the company, after Square was served with a cease and desist order in Illinois in March 2013, also for failing to obtain a license before opening up for operations. According to the Florida payment order (embedded below), the $507,000 fine covers over two years of operation, from February 2010 to November 2012." Continue reading →

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Bitcoin Boom? US fears digital currency may hit dollar demand

"The US is becoming increasingly concerned over virtual currencies, launching broad investigations into Bitcoin and the likes. The online currency has won official recognition with a US federal judge ruling it is real money. A Texas man, being tried for laundering billions of dollars using the Bitcoin system, challenged the court by saying bitcoins were virtual and couldn't be the basis for a fraud charge. He failed. RT's Peter Oliver went to meet those who have no doubt bitcoin has real value." Continue reading →

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The Ron Paul Channel: libertarianism ‘unfiltered and uninterrupted’

"Filmed in the little town of Clute, Texas, and Los Angeles, the Ron Paul Channel will publish three 30-minute shows per week. Its slogan: 'Turn Off Your TV. Turn On the Truth' suggests a combative tone, while those behind it say there has been an 'outpouring of interest' in the first few days. It's Paul's first major initiative since retiring from Congress in January. He told the Guardian that he opted for a news channel 'because the mainstream media is not telling the stories that Americans really need to know'." Continue reading →

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Al-Jazeera set to tackle U.S. market with stories ignored by mainstream media

"With a cast of TV news stars, deep pockets and an ambitious agenda, Al-Jazeera launches its US news channel on Tuesday, aiming to shake up the broadcast journalism market stateside. The US cable channel will reach more than 40 million households and vastly expands the footprint of the Qatar-based media group, despite questions about how it will be received by American viewers. But the selling point will be long-form reporting of stories overlooked by other news organizations. 850 staff have been hired for 12 US bureaus, and will draw on 70 bureaus worldwide to give Al-Jazeera unmatched scale." Continue reading →

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