Kate's Comment

Thoughts on British ICT, energy & environment, cloud computing and security from Memset's MD

Alt-coins: Bitcoin’s competitors. Which cryptocoins will survive?

I’ve not written much about my new hobby; cryptocoin (Bitcoin and its ilk) mining. A few months ago I created a virtual company, CipherMine, to mine cryptocoins like Bitcoin. I won’t go into mining in detail here, but it is effectively printing virtual money. CipherMine is currently making over $3,000 per day of virtual currencies. Our real interest is in…