Primecoin : World Records and Rising Value
Breaking this weeks slump and a grand total of 11 world records along the way, Primecoin (XPM) spiked a respectable 47.18% today settling in comfortably at #21 in total market cap. A proof of work system that cleverly points all of it’s mining power towards aiding mathematical research. They’ve shown that a cryptocurrency’s choice of protocol can be about more than just security but can instead be put to practical use. With Bitcoin’s Hashrate currently at around 240 petahash (over 60,000 times more powerful than the US government’s most powerful supercomputer) I’m sure there are plenty of....
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Primecoin has come far in the last few days. Less than a day after founder Sunny King released the genesis block and I first covered the currency, Primecoin has become one of the few alternative cryptocurrencies to be featured on Business Insider, its thread on Bitcointalk has reached 77 pages and has attracted the interest of thousands of people around the world. Now, after two days in the wild, Primecoin is already bringing us real-world value. Buying primecoins has already become easy. Coins-e, a cryptocoin exchange featuring over 30 currencies, added Primecoin support yesterday. Users....
Primecoin Mining is still mainly done on CPUs, with the ongoing spikes in interest regarding XPM it is now profitable to rent servers for pennies on the hour and put them to work mining XPM. Renting cloud services to mine is a great way to decentralize the mining network and add security to the network, as well as make some money on the side. I am going to show you how. What you will need: Paypal account or valid Credit Card. Primecoin (XPM) Address [from your personal primecoin client or from your preferred cryptocoin exchange]. Internet connection. First step! Digital Ocean is one of the....
Since 1955 Guinness World Records (GWR) has published a reference book annually that covers world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray as the world’s first and most valuable cryptocurrency network as GWR has added the subject to this year’s annual records.
Satoshi Nakamoto’s Bitcoin Enters the Guinness Book of World Records
Satoshi Nakamoto’s cryptocurrency and blockchain network, Bitcoin, has received a number of accolades over the years, and it’s been recognized by mainstream media....
Miners of Primecoin, a new digital currency, caused DigitalOcean, a cloud server provider, to restrict sign ups in some regions of the world. Primecoin was recently announced, with the aim of creating a currency that had a useful proof of work system: the search for prime numbers. DigitalOcean is a provider of virtual private servers (VPS). These servers are not actual computers, but simulated computers - several of which run simultaneously on powerful server computers at once. This is a cost effective way for any business providing online hosting services whether it be virtual private....
Read the exclusive interview with Primecoin's creator Sunny King in the issue 13 of Bitcoin Magazine. One of the disadvantages of Bitcoin that its proponents often gloss over is the fact that its mining algorithm has little real-world value. The underlying issue is this: in order to add a new block to the Bitcoin blockchain, a Bitcoin miner must include a "proof of work", a number which has a property that is hard to find numbers that satisfy, but is efficient to verify. Essentially, a proof of work is a way of proving to the world that the miner spent a certain amount of computational....