Bitcoin

Cyber-Currency
11:27 am
Mon April 7, 2014

Central Wash. Home To Nation's Biggest Bitcoin Mine, More Coming

MegaBigPower CEO Dave Carlson inside North America's biggest bitcoin mine.
Tom Banse

Here's a surprising fact: the largest bitcoin mine in North America is located on the outskirts of Wenatchee, Washington.

It's not a mine in the traditional sense. In these mines, you won't have helmets, lamps or pickaxes, and there's no danger of cave in. In this case, the mine consists of two warehouses that have been converted into a data center.

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Endowment 2.0
5:04 am
Wed February 19, 2014

University Of Puget Sound Receives $10,000 In Bitcoins From Alum

Nicholas Cary is seen making his bitcoin contribution to the University of Puget Sound from his hotel room in Berlin.
University of Puget Sound

As a 2007 alum of University of Puget Sound, Nicolas Cary has already established himself. The 28-year-old is the CEO of Blockchain, which runs the world's most popular digital wallet for bitcoin, a virtual currency.

But now he's making headlines for his bitcoin contribution to UPS. Cary has electronically transferred just over 14.5 bitcoins to the university, which was then exchanged into $10,000 actual U.S. dollars. It's reportedly the first donation of its kind to a U.S. college or university.

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Money Matters
5:00 am
Tue December 10, 2013

Crunching the Numbers Surrounding Bitcoin Fever

A bitcoin paper wallet
Wikimedia Commons

Have you been swept up in bitcoin mania?

Bitcoins purchased at the beginning of this year were valued at $13.50. As of Dec. 9, they were trading at close to $900. That’s a rise of more than 6000 percent!

Many folks are eyeing the virtual currency as an easy way to make huge profits. But KPLU financial commentator Greg Heberlein urges caution. Bitcoin prices may very well continue their march into the stratosphere. Or the bubble could burst.

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