Friday, 14 October 2016


THMiners Launches New ‘Top-Quality’ Bitcoin, Litecoin Mining Rigs

The California-based THMiners Inc. has launched two new mining machines for bitcoin and Litecoin.

Disclaimer: This article is sponsored  by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for their products and/or services.

According to the company, the bitcoin miner is capable of producing 60 TH/s, while the Litecoin miner can reportedly produce 1200 MH/s.

Starting at a price of $3,000 USD, both miners come with the necessary operating equipment included, such as a control unit, cabling and casing.

Additionally, both machines have a 5-year extended warranty, which covers “any type of failures affecting [the] products,” according to a press release. Orders for these machines come with free shipping to anywhere in the world via UPS and FedEx. Read More... Down, Users Have No Access to Wallets

The world's most popular Bitcoin wallet with more than 8 mln Blockchain wallet users is down.

As at the time of this publication, has been down for more than four hours. The web server reports a bad gateway error, with a message on the website’s landing page that says:

“Looks like our site is down. We're working on it and should be back up soon”. 

A tweet from the wallet says they are looking into a DNS issue. In another tweet, they say they are making progress with resolving the issue but need several hours to fully restore services.

However, as expected, since many users have been denied access to their transactions, several suggestions have started popping up on what could be behind the sudden breakdown.Read More...

The Russian Bitcoin Ban Plan is on Indefinite Hold

he Deputy Finance Minister of the Russian Federation has now stated that the spread of bitcoin in Russia does not represent a threat the country’s financial ecosystem, at its current rate of adoption. As such, the plan to ban the cryptocurrency is now paused.

Alexei Moiseev, the Deputy Finance Minister who has primarily spearheaded the Russian Finance Ministry’s intent to ban bitcoin beginning two years ago in 2014, has now stated that the cryptocurrency isn’t a threat to Russia’s financial system.

At the time, Moiseev deemed bitcoin and cryptocurrencies as “surrogate currencies” – a narrative that has stuck to this day – while stating that the law to ban bitcoin will be passed in 2014, or 2015, at the latest. Such a law has not come to pass. Read More...