Tag Archives: Bitcoin

Bitcoin Mining is Dice Rolling

By | November 9, 2014

In case you didn't already know ... Did you know, bitcoin mining is basically the same as dice rolling? There are many  articles for non-technicians about bitcoin mining, where the mining process is often explained as "solving complex equations". And these equations get more complex, when more miners compete, so the difficulty raises. That's wrong.… Read More »

Activities of Those Tibanne Limited HK Users Found in Leaked Mt. Gox Database

By | March 15, 2014

By looking into the database leaked from Mt. Gox  you will notice two obviously special users, one is "TIBANNE_LIMITED_HK", and the other is "THK". Both  sold about 2.96 million bitcoins during the time period from August 2011 to the end of November 2013. They never bought any coins.  Additionally they didn't pay any fees. What were those special users  for, and… Read More »