Miami Bitcoin Conference Day 2: Litecoin, New Coins and Regulatory Risks

Coin Desk ^ | 27 January 2014 | Daniel Cawrey

[Errant]

Day Two of the North American Bitcoin Conference in Miami was packed full of speakers and panels.

The two halls at the Miami Beach Convention Center kept attendees on the move. In the promenade areas, a number of bitcoin and cryptocurrency-related businesses were showing off their product and services.

In turn, the Miami Beach area served as a vacation-like backdrop for the event, with parties held on the rooftop of the Clevelander Hotel on both Friday and Saturday night.

Even so, the conference schedule of the second day seemed to move at a frenetic pace, with few breaks in between. Here are some of the highlights.

[Errant]

Other News:

•NimbusMining and Butterfly Labs Take Bitcoin Mining to the Masses

•Bitcoin: The Currency Of The Future? [Forbes]

•Bitcoin payments will face big challenges heading to brick-and-mortar (but it’ll get there)

•Bitcoin and the Fictions of Money [NY Times]

•Bitcoin Seen as Save Haven in Brazil Boosts Online Trade [Bloomberg]

•Jeremy Allaire: Regulators, Wall Street and Bitcoin Hitting the Mainstream

•Derivatives, Futures and Protecting Against Bitcoin’s Risks

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Click to be Added / Removed.

[bert]

How does one mine bitcoin?

[Errant]

You first have to start with a mining application, then join a pool. If you are in it to actually make a profit over electrical costs, then you'll need more efficient and expensive hardware (at least a few high end GPUs).

A brief description of how mining works: http://www.coindesk.com/information/how-bitcoin-mining-works/

There are several Freepers mining.

[Aria]

Are the Freepers making a profit mining?

[Errant]

I’m sure some are.

[Errant]

Related:

•HSBC faces £70bn capital hole, warn Hong Kong analysts

•Bundesbank's Stunner To Broke Eurozone Nations: First "Bail In" Your Rich Citizens

•China Trust "Bailout" To "Unidentified Buyer" Distorts Market As "Risks Are Snowballing"

•Ukrainian Currency Plunges As Justice Minister Set To Call For "State Of Emergency"

•Argentine Prices Soar Following Peso Devaluation Which Only Benefits 20% Of Population

•IMF warns Fed could worsen markets rout [Turn dollar spigot back on!]

[ClayinVA]

Right now, a single $400 card nets somewhere around $5 to $10 a day. Sometimes more like this week if you were mining DOGE or had a pile of them sitting around. This is for GPU-mining for alt-coins, bit-coins require specialized hardware to mine now.

[bert]

Thanks....

[mmichaels1970]

I started mining litecoin on 1/7/14. It's more of a hobby at this point, but I'm learning the ropes and earning a few bucks a day.

I posted a few links in a previous thread where a similar question was asked. The links are basically the ones I most frequently used when getting started.