Free Bitcoin Giveaway

I am going to give away $50USD worth of Bitcoin/Satoshi tonight at Midnight CST.  I will choose one member of our site at random.  The only requirement is that you follow us on Twitter @thegeekzweb and sign up for a free account at Geekz NOTE – You must have a wallet that I can send funds […]

Travis Weaver to Give Away Bitcoin for Christmas

Well, it appears that one Travis Weaver (@TravWeav) has lost his mind over the holiday season and Bitcoin’s latest price surge.  Bitcoin is currently trading at just shy of $19,000 USD at the moment.  It is clear that this stunt has driven up the activity on his tweet, and his Twitter profile.  The question is, […]

Bitcoin: From Whence Does It's Value Come

I was having a discussion with some friends last night about Bitcoin and it’s skyrocketing value. Each of us were basically saying the same thing in a number of different ways.  We were pondering the question of where Bitcoin gets it’s value.  Why is this digital asset worth so much, especially this week amid a […]

String a few Galaxy S5s together and you can mine bitcoin | Engadget

Source: String a few Galaxy S5s together and you can mine bitcoin Now this is the kind of heart-warming story that gets my attention early in the afternoon.  Repurposing old Samsung phones to create a Bitcoin mining machine.  Yes.  All geeks have that mountain of old mobile devices and computers just sitting in a closet […]

AMD To Break With Crypto Despite Its Rocket Ride Secured by Bitcoin Boom

…cryptocurrency demand contributed about $75 mln to $100 mln in revenue during the third quarter. Source: AMD To Break With Crypto Despite Its Rocket Ride Secured by Bitcoin Boom Wow.  Analysts are speculating that crypto-mining has contributed 75 – 100 million of AMD’s revenue during the 3rd quarter.  This is just amazing to me.  GPU […]

Monero Passes the Billion Dollar Ceiling

Monero has passed the one billion dollar market cap ceiling within the last 24 hours.  Prices went from just shy of $50 USD yesterday to an average of $80 today, although exchange rates have been all over the place and up to $90 or more.  This is exciting news for those of us who have […]

Cryptocurrencies, The Blockchain, and You

Many of you are constantly hearing the buzzwords of the financial tech sector currently centered around digital currencies, known as cryptocurrencies.  The crypto portion of the name clearly comes from the fact that all, or most all, of these currencies are based on some type of encryption to both ensure privacy and to protect the […]

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Bitcoin just passed $4,000 | TechCrunch

What a day for Bitcoin. 24 hours ago the cryptocurrency was trading below $3,700. About an hour ago it surged passed $4,000 and has no signs of stopping. It’s now trading around $4,135.00. For… This is insane.  I never thought I would see digital currency shoot up like this. Yes, I am looking for a […]

Bitcoin is worth more than ever, but it's losing clout | Engadget

I enjoy following cryptocurrencies, but I do have reservations about buying in. One of the frustrations Ibhad early on was discovering that the blockchain has grown so large that the average personal computer is no longer able to assist in the validation of transactions on the network. Many people became interested in cryptocurrencies due to […]