Is Bitcoin a good investment to make? What’s the short and long term outlook?

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Bitcoin has had a pretty short history, it’s impossible to answer outright if Bitcoin a good investment. Bitcoin has proven to be stable, robust, and so far trustworthy. Part of that stability and perception depends on outlets like Mt Gox Coinbase, that allow you to convert Bitcoin for $US dollars and also $US dollars to Bitcoin. One time a Bitcoin security hole was exploited, but the Bitcoin community gracefully returned the system to normal while fixing the bug and with no Bitcoins lost or unaccounted for in the process.
Nefarious institutions like Silk road were closed which threatened the stability, exchange rate, and image of Bitcoin. However, the exchange rate recovered quickly after the news of Silk road, indicating Bitcoin wasn’t tied to just one market or business...

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Mine for Bitcoins on Windows and setting up a multi device rig

A figurative bitcoin miner

I noticed a few page views of my other Bitcoin mining article, so I thought I’d do a follow up this week. I’ll talk about how to mine for Bitcoins on Windows and how to configure a mining rig with more than one device. Currently I have a 2 USB ASIC block erupter configuration mining for the BTC Guild (now closed). Below I’ll talk more about my performance and approximate BTC earn rate.

Previously I had a single USB ASIC block erupter mining off my work MacBook Pro laptop, but I couldn’t mine 24/7 and was wasting time constantly starting and stopping my mining rig. I decided to get a second USB ASIC block erupter and setup a permanent mining rig.

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Google maps wrong location, still not fixed?

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Location updates must be needed all the time for Google maps – so I’m not sure why after reporting this several times using Google’s interface it still hasn’t been fixed? Here’s a Google maps wrong location example:


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I’ll keep reporting it or maybe this post will get their attention 🙂

*Update 3/18/2014*
Made a phone call to Google (1-877-355-5787) and they were able to correct this on their side; the business started showing the correct address results within 48 hours. Very nice Google, and may I suggest some indication to call Google support if you repeatedly can’t get your business address correctly updated on your own.



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How can I buy Bitcoins?

In Bitcoin we trust?

There is a lot of information on the Internet about where and how you can buy Bitcoins. The problem is, a lot of that information isn’t up to date. It also isn’t obvious that the current markets for exchanging Bitcoin are less convenient and subject to more fees than traditional domestic banking markets. There are tradeoffs in how you proceed, but the good news is market friction is constantly being reduced.

Update for 2014:

A lot has changed in six months, today the best place to get Bitcoins in the US is from Coinbase in my opinion. Converting currency is a flat 1% service fee. Continue reading to see the landscape from a few short months ago.

Cryptxchange no longer exists…

If you want Bitcoin fast, you can use Crypto X Change...

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