Topic:

Cryptocurrency

Cryptocurrency

Harvard Considers Mining For Dogecoin a Waste of Resources For Some Reason

This is our money now. (Photo: Reddit)

Against all logic, Dogecoin still exists and is worth money. And the digital currency is so popular, one Harvard University researcher just got in trouble for using the school’s 14,000-core supercomputer to mine for it.

Someone allegedly scheduled a Harvard device ranked among the top 500 supercomputers to mine for Dogecoin, the Register reports. Another researcher discovered the unusual activity and tattled to the administration. Later, an email went out to the people who use the computing cluster. The dogecoin miner, whoever he or she may be, was accused of “consuming significant resources” as part of a mining contest. Read More

Cryptocurrency

Will Work for Bitcoin Coder Says Most People Just Using It as an Investment Vehicle

Nick Carlson, Bitcoin-aire.

Colorado-based developer Nick Carlson came to our attention when he was mentioned in a splashy story about the Bitcoin project, an initiative in which savvy techies trade for goods and services using an unregulated, standardized digital currency. Mr. Carlson has been curious about Bitcoins since he read about them in April and realized that “the mathematical principles behind the currency were sound.” He bought some Bitcoins through a private transaction on Reddit.

Barring legal intervention, Mr. Carlson told Betabeat, Bitcoins are a viable currency. But most people are not using them for commerce, he said–they’re trading them to make money. So five days ago he decided to do an experiment to see how Bitcoin stands up to the dollar. Read More